CDSC hunts down American who stole woman’s Sh13m stocks

The Central Depository and Settlement Corporation (CDSC) is pursuing an American suspected of stealing an elderly Caucasian lady’s identity as part of a share ownership scam worth millions of shillings.

The agency has filed an application in the High Court, seeking to freeze the suspect’s bank account believed to hold the proceeds of the theft.
Hillary Gabriel Erculiani, the suspect, has an account at Standard Chartered Bank’s Westlands branch which is believed to hold proceeds of the fraudulent sale of shares belonging to a female namesake - Hillary Gabrielle Erculiani.