Pension thief gets 5 years

| 04/12/2012

cocaine-basics.jpg(CNS): The former manager of the Cayman Chamber of Commerce pension plan has been sent to jail for five years after pleading guilty to stealing more than $289,000 from the fund between April 2009 and June 2011 to feed a serious cocaine addiction. Justice Charles Quin described the crime by Robert Shultz as “one of the most serious breach of trust cases to come before this court.” Although Shultz was given a 25% discount because he admitted his offence, the judge gave no further discounts for mitigating factors as he said Shultz had systematically stolen money people were saving for their pension. He added that, given the circumstances of the theft, he needed to impose a sentence that reflected the gravity and was an effective deterrent.

The judge said he was not convinced that Shultz's alleged remorse or his claim that he wanted to pay back the cash were genuine as the defendant had attempted to abscond while on bail some four months after his confession. Shultz was caught by immigration officers trying to board a cruise ship in George Town. After that, he was taken into custody in March of this year and has remained in HMP Northward since.

As he handed down the five year term, Justice Quin ordered that the time served be taken into account.

Related article on CNS:

Addict admits 289k pension fund theft

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Category: Crime

Comments (35)

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  1. Anonymous says:

    Five years (two really) for more than a half-million CI$… plus free food&medical..

    Not bad Mr. Pond Scum.. wish I was in there with you to make you some hard and constructive work — perhaps something like polish black coral all day long!

  2. Anonymous says:

    Drugs can bring out the worst in anybody. I hope he gets through these trying times in his life but he will come out much stronger than before. Fight on brother! 

  3. Anonymous says:

    I hope the current guys are not smoking weed now?

  4. Chris says:

    Ok, so one individual consumed on average over 55k in cocaine per year for 5 years and the police are unable to make one bust on the drug supplier, importer or any other users as a result of this case?

    This is just one single user with what is a large uninterrupted supply! I dont remember the last time I heard of the police making a cocaine bust for $289k.

    Obviously our island is awash with drugs and our authorities are having very little success in deterring users or catching smugglers and/or suppliers.

    Can you imagine how many more crimes could be prosecuted if this perp was made to really talk? True investigation may lead to evidence that resulted in this man getting something closer to a 15 year sentence which would be more acceptable.

    Come on RCIP we really need you to do a much better job for the benefit of Cayman, Caymanians and expats alike.

  5. Anonymous says:

    Our govt like to hire foreign criminals! They will never learn! Between them & udp will bring this country to our knees!


    • Anonymous says:

      Yes, you are so right. I am sure in the interview when asked “What do you like doing at weekends”? he answered “About a dozen grams”.

  6. Savannah Resident says:

    So let me get this straight, I can be sentenced for 10-15 years for possession of cocaine with the intent to sell, 5-10 years for possession of ganga yet I will only serve 5 years in jail for stealing 289k.  Our Justice system must be world class LMAO

  7. Anonymous says:

    If that was a caymanian he would get more!!


    • anonymous says:

      We would probably never known about it if that was the case.

    • Castor says:

      Man, give it a break, enough with nthe martyrdom, really, it's a very tired tune.

    • Anonymous says:

      Actually, Caymanians who kill people while driving drunk get even less time.

    • Anonymous says:

      Caymanians get more of everything else. There are soo many caymanians running around after being fired for stealing from their employers that I’m not really sure what you’re thinking.

    • Anonymous says:

      They would get a year at the junkie college scheme and a blackberry at “graduation” which they can sell in future when they go back into crack.

  8. sum bodi hep mi says:

    WOW!  Are you surprised? This is nothing!  I was told recently that there are ex felons on work permits working in the Govt. Admin. Building. I was told their background was checked out  on Google!  That was it! Any wonder why we get such wonderful foreign employees Government! People such as  Mr. Said and others.

    • Anonymous says:

      I am told a lot of things, but most of them turn out to be complete fiction.  Be careful what you believe when it comes from word of mouth, unless there is firm evidence to back it up.  And I submit that a google search does not consitute firm evidence!

      • Anonymous says:

        I remember being told it was just a consultancy fee.

      • Anonymous says:

        I think what the poster was trying to say is that the candidates background was ONLY checked on Google which is not a reputable avenue of checking someone’s background.

        There was one gov’t employee on the Brac that did have a criminal background and had spent time in jail but he was hired anyway. It wasn’t until the situation came to light in the public eyes that this particular department was embarrassed and his contract was not renewed. This employee was hired over several Caymanians that had applied for the job.

    • Anonymous says:

      Where it is wrong to steal, how come he got a longer sentence then someone driving intoxicated and killing someone and getting only 18 months????

    • Anonymous says:

      Wot! Mac is on a work permit?!?!?!?!

  9. Anonymous says:

    Shameful, just utterly Shameful. I am a member of the Chamber pension Plan and I hope if Mr. Shultz had any funds invested in a Cayman  pension account in his name, that the authorities have these funds confiscated and paid into the Chamber Pension funds toward the vast amount of money that he stole.  5 years sentence for this crime seems very considerate.

  10. Dreadlock Holmes says:

    Where's the money??  He admits it all went up his nose.  $289,000 in two years?????  Really?? I surely hope due diligence was carried out investigating if he has not stashed the majority of the loot somewhere else, because that is one hell of a habit and something tells me he should not be taken on his word.

  11. Slowpoke says:

    ""was an effective deterrent." 

    I guess Justice Quin doesn't read much criminal justice research.  There is no effective deterrent in these situations.

  12. Anonymous says:

    WOW WOW WOW!!! For God's sake, this was almost $300k if our PENSION money.

  13. Anonymous says:

    OMG he sounds like one of those key employees that the company could not do without and no qualified Caymanian were available to fill the vacancy.  Only in the Cayman Islands, this man should never have been hired in the first place.

    • P A Rody says:

      " this man should never have been hired in the first place"

      without your gift of hindsight, why should he have not been hired in the first place?

      No police record, all indicators and by his own admission he became an addict on this island.

      Should employers now hire the consultancy services of clairvoyents or have crystal balls in their HR departments?

      and "only in the cayman islands" he must have worked somewhere previously before he came to the Cayman Islands. And frauds take place all over the world, just like Caymanians have been found guilty of fraud before here.

      Why do people always seem to want to make everything about "US and "DEM"?

    • Like It Is says:

      I love the whiff of xenophobia and bitterness in the morning.

  14. Anynomous says:

    'THIEF !!"

    • Anonymous says:

      Make that "EXPAT THIEF".

      • Like It Is says:

        To be contrasted with the "Thieving Caymanian Bank Employee Of The Month" stories that regularly run in the press and CNS?  We all know how common the stories are about tellers being convicted for stealing from banks.  So let's not try to place a race card because that would imply that expats are less honest than Caymanians.  Caymanians are not less honest than expats.  My experience of Cayman is that people tend to be people when it comes to honesty.

    • noname says:

      A high profile case and no photo of the perpetrator??????

      Ok CNS where is his photo? Had this been a Caymanian his or her face would be plastered all over the news media.,

      We need to know who stole our pension fund?


  15. Powered goods says:

    This person’s comments were spot on!

    Only take 5 years of my freedom to make 200 thousand +. I might consider this if only I won’t get 15 years in the slammer because as a Caymanian, I’m considered to be spoiling it for the islands and its reputation etc, etc, etc.