Investment Clubs
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ORVAL JOHNSTON said
JCTCOJ WONTS TO NO WHAT HAPPEND TO ROVE CAPTIL?
live&letlive said
Hi Leaving Babylon
Welcome back
Is it a prelimimary hearing in Macrh or a another mention as stated by one media house????
One question if money was with OANDA wouldnt the TCI investigators have found it already ????
Mark Knighton told me that the story of money being wiih OANDA is a lie ……But he also told me things that I could prove independently were lies on his part
What do you guys think????
Forex_loser said
Where is Major Lewis I haven’t heard anything from this man or Lewfam in months! Can someone with link to this man ask him to release some kinda statement!
Leaving Babylon said
Pip Unit’s right – I received the same word today:
“The Preliminary Inquiry for this case has been set for March 2-3 2010. At this hearing the Magistrate will determine if there is Prima Facie case agianst David Smith and his wife Tracy Smith. If the Magistrates determines that there is a prima Facie case against them, The Magistarte will then committ them to stand trial in the Supreme Court before a Judge and Jury.”
In other words, if the judge determines that they have sufficient evidence to make a conviction, then it will go to a trial jury – if not, they will be released and the charges will be dropped. Keep in mind through all of this that we don’t know where money may be tucked away. If funds are in a jurisdiction outside of their purview, they will not be accounted for. The hard part in all of this is that, until this case concludes (and in the absence of a new case starting) David Smith will not have the ability to start repaying investors with those funds (if other funds do indeed exist).
Bottom line – we still don’t know. Notice that the Office of the Liquidator is only looking at the last 20-months of operation? That’s because that’s when Olint TCI came about and is under their jurisdiction. This doesn’t speak to anything previous. There is nothing concerning the move from Jamaica to TCI or where funds were held prior to that move. Did you notice that they are only looking at I-Trade and FXCM? Where’s the OANDA money? Do you remember that Olint TCI was granted the right to function as a TCI financial institution if they took out some massive insurance policy? Where is TCI’s oversight culpability in all of this – are they not to be blamed as well in their pathetic oversight? What about that insurance policy? What were the terms, does it apply, who has it?
What about the Turks Caicos government’s Financial Services Commission, which apparently has done nothing in all of this mess. For a long while they wouldn’t even return e-mails!? Well maybe now that the UK has slapped them around a little – after all they have a nice new web site with a new fraud warning.
Financial Services Commission website:
“The Commission is an independent statutory body tasked with the supervision of the financial services sector. The Commission, which is also responsible for the oversight of company formation and registration, is accountable for its performance to the Government of the Turks and Caicos Islands. The Commission was established under the Financial Services Commission Ordinance 2001 to regulate the financial services industry.”
What do these people do? What did they ever regulate with Olint? What supervision did you do? Why are they not on the hook here at all? What about the trading in Canada, the banking in Belize and Panama…? Until this initial trial concludes, it appears we’re all stuck in limbo.
Sorry for the long absence to all, just trying to feed my family. God bless!
OVERFLO said
Weh dem tek this d..m thing fah. Where is the Justice people a suffa.
John Blacks said
if DS dies from a heart attack due to guilt, will the receivers expedite a payout of frozen funds and liquidated assests?
the constant court delays to bring an end to this fiasco is increasingly too traumatic to bear.
maria said
so what is stopping the great “O” boss from trading under someone elses name and paying a/c holders little by little in the meantime as a show of good face? or is it that all the charges against him are entirely true?
PipUnit said
Hey chilly we were all deceived by LEWFAM, they lead us to believe they had “TRADERS” plural not one trader. I didn’t know they were a feeder club off of another club that was already having trouble paying it’s members. Basically when the money stopped flowing from lewfam they ponzi’d till mid year and paid people out of encashments till the FREEZE hit.
PipUnit said
http://go-jamaica.com/news/read_article.php?id=13984 trial delayed again. Suprise Suprise. F$ck them ALL
pissedoff said
Update from Higgins warner
From: Office of the President
Subject: Confirmation that your file is complete
To: “Treasurer of Higgins Warner Group”
Date: Wednesday, 28 October, 2009, 10:40 AM
Higgins Warner Group of companies accepts your file.
Once I am able to start the payment process I will start to pay against this amount until the entire balance is paid.
Once the funds are ready and I have Budget I will immediately starting doing bank wires and confirm the amount that is being send. You will receive your first bank wire no later than in 30 days, however at this time I still cannot confirm what the first amount will be until the loan from the Swiss are released which should be shortly.
Now always bear in mind that this is a recovery process and what that means once you start receiving payments, until WFI start bringing revenues from advertisement sales in the
US and Europe for 2010, until then you will receive a small payments every month until WFI starts permanent broadcasting on US and European networks as well as our merchandising line of cloths.
“Sir Max Higgins”
Emile Maxim St. Patrick Higgins
President/CEO/Chairman
http://www.higginswarner.co.uk
pissedoff said
SENT TO ORCHIDIA INVESTMENT ONE OF THE FEEDER CLUBS…. FRUSTRATED
November is here, for the record december is another year gone. You sent out three bulletins this year that didnt make sense.
Its now time for an update, and payment. There is no secret anymore the truth is out, OLint was a rip off, millions of dollars are stolen. Are we going to be able to recover any money, how and when.
When are you going to pay the money back., or aim to ,the last date was November 2008 one year ago… What is your game plan, or are we still hoping his name will be cleared….
This is very frustrating,,,
pissedoff said
Respond to post one:
I think its the former, its SAD BUT TRUE:
He conned everyone in the name of GOD;
We have to realise that, its not everyone that says ;
“LORD , LORD,” will enter the kingdom of heaven;
AMEN
Napoleon said
Wow! This blog is quiet…This could mean a number of things, including:
1. People are finally getting it that David Smith stole their money.
2. people are confident that David Smith will repay their money.
I wonder which it is….hmnnn….
chell h said
Please could someone let me know if anyone has heard if anyone is filing a lawsuit or if someone is working on behalf of the investors in LewFam to get back some of the money to us. Also, I’m not sure what monies are being held. We only invested in LewFam and I didn’t know anything about the Olint thing. Could someone please clarify the difference between the two for me. Also, if anyone has any working phone numbers or email addresses that would be able to contact LewFam or someone that knows anything, I would be eternally grateful. Thank you.
Napoleon said
HAs anyone been able to communicate with Mr. David Smith recently? How about you feeder club operators?
namekyoyo said
Iv’e heard from feeder/piggy back clup owner. There is some hope for his/her club members…..this small hope has nothing to do with Olint unfortunately.
chell h said
What is a feeder club? Would that be what LewFam is?
chell h said
Is Lewfam a feeder club?
Namekyoyo said
From what I hear most of the smaller clubs are feeder/piggy backers. They deal with either the Keen Exchange people or Olint.
pissedoff said
Did Max Higgins pay any money to investors…
I think we were all taken for a ride by these people
a lot of them were professing christianity…
We have been conned. I suffered a huge loss, I basically have to start all over….its rough but the reality is I dont think we will be able to get our money back……I really dont..all the clubs have gone silent, the end of another year is fast approaching..
ORVAL JOHNSTON said
MR.URON
I AGREE BUT PLEASE NONT WET PANTS
I HAD GREAT HOPES LIKE YOU
PRAISE THE LORD ANNYHOW
JA.MON HERE
maria said
i am wondering if the cashplus money they said is in dubai is in that max higgins fellow scheme?
RedP said
The #4 is now stationary….out of gas. I wonder who is the loser now?
RedP said
LOL aaah bwoy, some ppl just have no originality. Pooor dem, mi really feel fi dem if dem haffi tief mi blog name. A so dem love mi?? LOLOL poor dem, sick innna dem head. Only Jesus can heal dem sick brain and set dem free.
Love and Peace whoever you are although I suspect is who.
Forex_loser said
What’s going on with Lewfam? No contact info what are the whereabouts of Major Lewis. ANd to answer Chillys question Lewfam had not been receiving any funds from OLINT(since January of last year) even though they(lewfam) were still shelling it out to their clients. If I had known this I would not have invested in Lewfam. This was not told to members at least to me when I had initially became member. Chilly if you have not lost any money please stay out of this we Lewfam members ned some answers and this might be the only course of action.Please some one lets get some feedback that will be worthwhile.
chilly said
Let me see if I get you right; you are complaining about LemFam making payments to its members when OLINT was not? I would imagine there were a number of members who were very appreciative of the payments! Do you believe LemFam was making these payments to facilitate a Ponzi scheme? Hindsight is always 20/20. If you fail to ask the right questions before you invest, you have nobody to blame but yourself.
I have lost more than most, but no one twisted my arm to invest. I took a big risk, leaving a lot of money to compound, but the decisions were all mine.
It makes no sense taking out your frustration on the middle men in this investment, unless you know for a fact that they willingly misled you. If it turns out that David & Ingrid were both running Ponzi schemes, I can bet you that very few people, if anyone, knew of what was going on.
With all the checks and balances of the US investment system, Madoff ran a scheme under the watchful eyes of the Feds for over 40 years!!!
You can do what you want, but my simple philosphy is this; let it go, who knows, it might all come back to you when you least expect it.
RedP said
Well said.
The Dæn said
http://www.forbes.com/feeds/ap/2009/10/06/business-cb-turks-amp-caicos-fraud-probe_6973492.html
Overchill said
Jamaica Producers
St. Mary’s banana chips
PRODUCT OF DOMINICAN REPUBLIC
Aaah boy.
maria said
AM I ANGRY????????????? WJAT KIND OF SILLY QUESTION IS THAT? DO BEARS SHIT IN THE BUSH??????????
Napoleon said
Lawyer’s fees and liquidator’s fees is unfortunately part of the penance for trusting these crooks with our money. Hopefully enough will be recovered all around to keep investors’ losses low.
It wurprises me that so few are expressing anger. I am angry. Very angry. Are you?
maria said
what i find interesting is people are talking about proving their innocence and saying nothing about paying people their money. seems it is all going down the drain on lawyer fee and liquidator fee and receiver fee.
Concerned said
If there is no investigation into the Jamaican olint ponzi operation how will we get back our money. I am sure we cannot file a claim if we did not put any funds in Olint TCI.
Napoleon said
Hopefully the Olint liquidator finds where that thief has our money hidden.
maria said
G O O D N E W S !!!! for all cashplusites, the liquidator has found US$25,000,000.00 overseas hidden away by that carlos fellow. waht a wicked person?
stimu said
Maria
Mr. Hill never one day said he did not have the money. He actually told his clients that he will be moving the money overseas since Ncb and others refuse to work with him.he cant pay because no bank wants to get involved, lets see how they respond when the liquidator brings back the money. We will see!
RedP said
@Stimu
Hill did not declare those assets in Dubai when he was arrested. He sat on it while ppl suffered. May God have mercy on him.
Caleb said
Well said redp
while people suffered without access to their monies this man had 25mil stashed somewhere and you are willing to let him off the hook with a simple cock and bull story about not wanting to deal with banks….are you for real? the days of defending these crooks over boss…the man is a clear ponzi scheme tief!
pissedoff said
Does Lewfam has a email address. Is there anyone with orchidia on this blog? and last but not least, what is the great news from MD, i cant beleive there is still great news around and no-one has collected any money as yet….
maria said
ok, so it looks as if we wait on the O boss we will get nothing. how do we proceed otherwise?
Forex_loser said
CAN ANYONE HELP?! HOW CAN WE TAKE LEGAL ACTON AGAINST LEWFAM? WE LOST ALOT OF MONEY
THANKS
chilly said
You want to take legal action against LewFam because you lost a lot of money?
Were you told that you were insulated against losses?
Did LemFam deceive you about with whom they were investing your money?
Did LemFam misrepresent any of the information they received from OLINT?
Do you know of any premeditated effort by LemFam to steal your money?
If you answered NO to the questions above, you need to hold your corner, and stop trying to make matters worst!
stimu said
Well said you are a fair and smart person. It is amazing how quickly we forget when our backs are against the wall.
concerned 2 said
Thanks Zeke,finally some good news on MD….I hope to hear something from them soon
Zeke Durston said
Great news people. I heard through the grapevine that there is some great news coming from MD soon. They were quiet for a while but it seems like there are some major developments in their favor. There might be a big announcement soon. Mi also hear say miss Matthews might not be with them anymore too. Lawd have mercy.
trigga said
LEWFAM BOSSMAN HAVE 5 MILLION DOLLAR USD HOUSE IN JAMAICA HIM NEED FI SELL SO ME CAAN COLLECT.
RedP said
Trigga, who inna demya time ya have dem breed a money fi dash weh pon house?? Betta yuh capture it.
stimu said
How you must want the man house.Is not his fault we loose our money Lewfam was assisting us to get into the fx market through Olint. Be fair in our desparation man!
JA.MON said
IM IN LEWFAM HAD A BOYS HOME & TRADE SCHOOL FOR NEEDY BOYS THE HOME IS GONE
BY FIRE I PUT MY MONEY IN LEWFAM WHO ARE
MY BROTHERS IN THE LORD STILL TRUSTING
THERE STILL MY BRO. & SISTERS
LOVE IN JESUS BRO. ORVAL
John Blacks said
CAAN BELIEVE.
DOC NOR VIAGRA CANT HELP ME – CAUSE OF DAVID – AND HIM A BREED OOMAN?!
Rondy said
David and Tracey Smith was arrested on 30 counts. She was released but he is still being held. Interestingly, while we are all suffering, she is pregnant !!
pissed off said
RE: LEWFAM
DID ANYONE TRY CALLING OR EMAILING LEWFAM, THEY SEEMS TO HAVE DISAPPEAR FOR GOOD , CAN ANYONE FORWARD CONTACT OR EMAIL FOR THESE PEOPLE….URGENTLY
madwithdavid said
Fellow bloggers seems like all have given up hope, but we need to make sure the liquidator make anyone who was associated with David Smith bankrupt.
Joey for example was a major player and made millions of US$ from Olint operations before he cut ties.
That US$200M which was being banded about was real, but guess what only a few player made the most of that.
According to the liquidator documsnts companies associated with Joe Issa took out over US$147M and considering the fact that he only put just around US$250K, he made a killing.
The liquidator therefore needs to go after Joey. Seize and sell his Cool business and get investors money, he cannotg be allowed to get away scotch free.
Joey is a big fish and he needs to be reeled in
Poorman said
Maria:
Yes that is true. The liquidator is doing his job. And from what I see, he appears to be doing a great job. He is onto certain things that puts him on the right track. A little more digging and he will findt he rest.
Our guy was a thief. He hid quite a bit of the money (what he didn;t squander). Let the liquidator do his job.
stimu said
Any body heard what happen to Lee-Chin it is out there that he has been arrested overseas. I notice the helicoper not flying
Caleb said
what lee-cjin havew to do with ma money?
time people accept that lee-chin was correct, is a bunch of con people was collecting money in the name of f/x investing. yu hear me? con men!
Opportunity said
Stimu,
What was he arrested for?
madwithdavid said
Its not true, so stop this none sense.
DS is the one who stole all our money.
Can you imagine the guy had the balls to fly jet to columbia, pickup girls, stop in Jamaica pick up his friends then going TCI for parties.
Can you imagine DS and his friends at clubs in Jamaica with private rooms, where only the girls change every hour.
Man life in the fast lane with peoples money must have been a blast, now he is in hidning.
I say take his house, take his mother, brother and sister house. Sell it all and pay back investors there money.
pissed off said
Another year is coming to a close shortly. Are we going to get any money from these “HOOKERS” “HIGH WAY ROBBERS”….
JSM said
Hello There To All.
Sincerely hope that Everyone is in Good Health and is making some Progress in the “New Age” of Investing that we are in. I hope that some kept “Some Monies” to put in the Market that has Taken off.
My Buddy on Wall Street it has been a Great Run, hasn’t it.
When President Obama took office I said if he gets us to DOW 10,000 in his first term he would have done a Great Job. We might get there in his First Year. We are not out of the Woods as yet, but we are getting there. As they say, we will soon be able to take off the Respirator. The Patient, Economy, will soon be able to Breathe.
We can all hold onto Hope. For those who Lost. Look at te Bright Side. We are still above ground, We can all make Money Again.
Pat, Red P, Patty Page hope u r all well.
maria said
could someone please help me out here. am i right in saying that funds in olint have been released to pay the liquidator and not the investors? can this really be true?
pissed off said
Does anyone know how to contact Lewfam!!!!!!!!!! I am unable to contact them by phone or by email…….help…………help………help…….me money gawnnnnnnnnnnnn….
Forex_loser said
what going on with Lewfam I would like to join a class action lawsuit if there is any, Can anyone help.
Leaving Babylon said
In case you haven’t already seen this video: http://www.youtube.com/watch?v=b6WJPATADxQ&feature=player_embedded
There’s really nothing that we don’t already know other than the court delay allegedly had something to do with the prosecution providing a lack of lead time on their discovery process and that the postponement is until October 26th. I had previously heard that the delay had to do with the lack of a forensic accountant appointment and that the next trial date was October 29th – naturally it doesn’t matter much, but it is frustrating that information is so hard to get and then when you finally do it always seems to be a conflicting story. PS – Nice new format driva!
Napoleon said
pissed off said
July 8, 2009 at 2:10 pm
Dear Member,
At this time our situation has not changed. We still await realization of one of the options that we have been pursuing.
As you may have noted, the media has been issuing releases stating that OLINT TCI was audited and is being wound up as per order of the Turks and Caicos courts. OLINT TCI is a separate organization started by Mr. David Smith in the Turks and Caicos Islands and does not concern us in any way.
Our funds are in OLINT and located on the trading platforms NOT in the Turks and Caicos Islands.
///////////////////////
Interesting!. Which platform? What precludes Mr. Smith from calling up the platform and making a transfer to your account or mine? If the funds do not belong to Olint TCI, what is the hold up? The big man doing due diligence again? Which big man? A big big-man or a little big-man?
Napoleon said
Here is a little information for those who still believe that the “big man” is holding up the payments.
The courts in the TCI has no jurisdiction to freeze or otherwise issue any order against any funds that David Smith may have that does not belong to “investors” of Olint TCI. That is the firm registered in the TCI. So if you invested funds in Olint (jamaica) David Smith has been free all along to pay you.
So where are the payments?
To date, they have frozen 13 million US dollars tied to Olint TCI. This is less that the One hundred and ten million dollars in claims against the firm Olint TCI. It also appears from evidence I’ve seen that Davis Smith mixed the Jamaica funds into Olint TCI’s funds to make disbursements in 2007. So my friends, while it is good to have hope, it is foolish to have false hope.
The best hope (my opinion) is to hope that he accepts a plea deal and offers up whatever money he has hidden for a lighter sentence. I hope too that everyone is able to get back some of what they “invested”.
However, if you got back what you invested already, you will NOT get a penny more. This was a PONZI scheme people. As difficult as it is to accept that, your doubt does not change the reality.
Napoleon said
Have Marcy….I believe you are misinformed. The “case” against David Smith was NOT set for trial. And what of the comment “THEY HAVE PUNISHED THE MAN BEFORE THEY HAVE EVEN STATED HIS CRIMES”? I think his crimes have been STATED. And no, he has not yet been punished. When he is punished, though, I pray to almighty God that he gets what he deserves. Do you really blame the authorities in the TCI for Mr. Smith’s misgivings? Really?
pissed off said
Are any of you guys with Orchidia Investment, they promise to pay since last november ,still not a red cent………………
concerned 2 said
Does anyone know what is really going on with May Daisy? I have not heard or seen any posts on the webite as to what is really going on.
maria said
WHEN YU DIG HOLE FI PEOPLE YU MUST DIG TWO !!!!!! LOL.
Opportunity said
Manulife signs agreement with AIC Limited to acquire AIC Canadian retail investment funds
Purchase to significantly expand Manulife wealth management business
TORONTO, Aug. 12 /CNW/ – Manulife Financial and AIC Limited announced
today that Manulife has signed an agreement to acquire AIC’s Canadian retail
investment fund business.
Under the agreement, Manulife Mutual Funds would manage all AIC funds in
Canada and AIC would continue to act as a fund sub-advisor for Manulife Mutual
Funds.
“This is a great fit for Manulife and AIC Limited,” said Paul Rooney,
President and Chief Executive Officer, Manulife Canada. “When coupled with
Manulife’s solid wealth management services, this agreement will strengthen
our already strong product line-up that meets the needs of investors and their
advisors.”
Michael Lee-Chin, Executive Chairman of AIC Limited, added: “This sale
reflects our overall strategy to return to our roots of managing money and
concentrate on our investment advisory services. We are committed to ensuring
our clients continue to receive high-quality service and are very pleased that
Manulife Financial is the purchaser of our retail fund business, since they
share our passion for providing advisors and clients with a broad array of
products and services.”
Kevin said
Hello to everyone. I have changed the way comments are displayed. The newest comments are displayed at the top instead at the bottom. If this isn’t convenient I’ll reverse this.
Your DRIVA, As you were.!! Keep the faith.
equality said
These days I don’t even hear anyone speaks of May daisy. Has every one got his/her money from this institution? I still have not got mine, and I am unable to get on the the site. As a matter of fact, there is no site. If anyone has any info on this, kindly let me know. Thanks.
maria said
right now if dem tek pity on mi an give mi US$1000.00 a woulda glad so til !!!!!!
trigga said
lewfam not communicating customer service email not working everbody hiding they need to pay.
live&letlive said
The wheels are not turning the question is why????.
chilly said
The wheels are turning (those of prosecution, not justice), just not fast enough for us to see a difference.
RedP said
I think the problem might be that Detective Willy and his crew might be hanging at the beach too much.
Carol said
Anyword on Maydaisy? The website is still up but when you go to show all transaction it brings up an error screen………..aah bwoy? any word on Ingrid or Deidre?
chilly said
The wheels of prosecution turn slowly
pissed off said
Oh f–k, another year is passing. I give up, this is just a case of TAKE THE FOOL A LITTLE FURTHER.
have mercy said
pipunit
Do you think David have the money. And do you really think he is in a position to give it to us????.
Now you see the fabulous justice system they have in the TCI even under ‘British” rule ……
Would you trust these guys and tell them anything other than what is requested of you in a court order if you your DS.
DS Assests frozen & tools of his tarde siezed in July 2008
Formal charges laid against DSin Feb 2009 and again in June 2009
case set to try DS in August 2009 but DS lawyers did not recieve the disclosure documents even on the court date
Case put off until Oct 2009
THEY HAVE PUNISHED THE MAN BEFORE THEY HAVE EVEN STATED HIS CRIMES
COME ON TCI Patty Shop or Small Island simpletons or fools you all will have to do better in YOUR justice system.!!!!
HM
PipUNIT said
I have an update. The case was delayed now till October 29th. I’m sick of all this $hit. If david really has the money in other “sources” than the funds that are frozen in TCI then he should find a way to get the money out. But for now we wait again till OCT 29th because we have a corrupt government deciding his fate.
jonothan said
some people are lucky
http://www.jamaicaobserver.com/news/html/20090805T210000-0500_156829_OBS_CHINA_EXECUTES_BUSINESSMEN_FOR_DEFRAUDING_INVESTORS.asp
Killa said
The court date is today.
pissed off said
Hopefully we will get a UPDATE SOON!!!!!!!!!!!!!!
RedP said
@Pissed Off
An update would be nice but will it be more of the same??
pissed off said
Pursuing justice for Olint investors
Published on Wednesday, August 5, 2009 Email To Friend Print Version
By Tess Hennigan
Caribbean Net News Staff Reporter
Email: tess@caribbeannetnews.com
PROVIDENCIALES, Turks and Caicos Islands — As the investigation into the alleged Olint Ponzi scheme continues, one of the investors has taken on the task of pursuing justice for his family, as well as other investors in the scheme.
Dr Christopher Walker, a surgeon in Orlando, Florida, says he is investing resources to uncover the truth behind the scheme and pursue justice not only for his family but other Olint investors as well.
According to a press release last week, Walker has hired two private detective agencies and an international legal team, inclusive of Reed Smith, one of the fifteen largest law firms in the world; Professor David Rowe, a highly accomplished attorney in South Florida; and Hart, Muirhead and Fatta, one of the largest law firms in Jamaica.
Walker and his family reportedly lost $2.4 million dollars, and said that their loss had resulted in the financial ruin of Walker’s ailing father, who is a retired government worker.
As previously reported by TCI Net News, Jamaican David Smith, the head of Olint TCI Corporation, was arrested in the TCI on eight charges. Police press officer, Sgt Chase, said at the time that the eight charges consisted of two counts of uttering false documents, four counts of forgery, and two counts of theft.
Smith was subsequently released on $1 million bail and was scheduled to appear in the magistrate court at a later date.
According to the US National Futures Association, the suspicious activity that led to the launch of the investigation into Olint included “extensive and unexplained wire activity; deposits followed by a request to transfer the funds to a third party without any apparent business reason; and unexplained, extensive wire activity with very low trading levels in the accounts”.
In July 2008, Smith and his wife Tracy had their multi-million dollar assets frozen by way of a court order as part of the investigation by TCI police into the allegations of financial crimes and, in mid January 2009, the TCI Supreme Court refused to lift the freeze on Smith’s assets.
When interviewed, Walker expressed “profound sadness” that Smith and his family chose to defraud and ruin the lives of thousands of people rather than uplift and lend a ray of light to the poor people in the society, stating, “It takes a unique narcissistic personality trait to pull something like this off.”
According to last week’s press release, the evidence unearthed to date is reportedly overwhelming and provides strong evidence that David Smith did not act alone.
Smith, after initially establishing Olint in Jamaica, was forced to shut down his investment scheme in that jurisdiction by Jamaica’s FSC Financial Services Commission. With the assistance of certain local residents, Smith relocated to the TCI where he is said to have made and bought influential friends, including former Premier Michael Misick, who is himself currently facing the possibility of a criminal investigation for corruption and bribery.
All Olint funds were reportedly transferred to Hallmark Bank and Trust TCI Ltd, an offshore bank based in the TCI. This bank is said to have been used to accept monies on behalf of Olint and to wire transfer money on behalf of Smith to third parties, including Jared and Isaac Martinez of Market Traders Institute and I-Trade Fx, located in Lake Mary, Florida.
The Olint TCI Corporation sent multiple wire transfers to the Martinez group, allegedly to evade the Jamaican and TCI financial regulatory authorities investigating Smith’s business practices.
All Olint investors interviewed to date have reportedly stated that they never authorised Olint or Smith to transfer their money to Jared and Isaac Martinez, any of their companies, or to any other third party.
Hallmark Bank also issued MasterCard Compass debit cards, with a limit of US$10,000, which could be redeemed in any part of the world.
According to Walker, “The action of the Fortune 500 company [MasterCard] sheds light on how the affluent may evade taxation, and their action may be viewed dimly by the current US administration, which is tightening the noose on offshore investment schemes aimed at defrauding the Internal Revenue Service.”
It has been reported that a US federal investigation is ongoing into the Olint scheme and all conspirators and co-conspirators.
pissed off said
Former OLINT head to appear in court
Wednesday, 05 August 2009
David Smith.Former OLINT boss David Smith is scheduled to appear in a court in the Turks and Caicos Islands on Tuesday.
He is booked to appear before the Providenciales Magistrates Court on charges relating to fraud, theft and money laundering.
Mr. Smith was arrested and charged last year after his home in the Turks and Caicos Islands was raided and his assets frozen.
The operation was carried out as part of investigations by the Turks and Caicos Police into OLINT’s collapse.
Mr. Smith has denied operating a Ponzi scheme.
He will appear in court as OLINT’s liquidators try to determine whether a pay out can be made to clients of the failed investment scheme.
In an interview earlier this year, one of the liquidators, Joe Connolly, disclosed that the amount invested in OLINT’s Turks and Caicos Islands branch alone amounted to US$220 million of which less than six per cent has been identified.
ANY NEWS GUYS!!!!!!!!!!!!!!!!!
pissed off said
Hey Guys
Court date? Is it today
comment said
I will do the same rabbit. Glad to see you online.
comment
Rabbit said
Hey Comment! Good to hear from you. Hope all is well.
I have not yet….but after speaking with him yesterday I definitely intend to….and am encouraging all others to do the same.
RedP said
Mawnin ppl.
haha
Just a likl FYI, recently I received a notice from one of the two insurance brokers I deal with. The notice said that if I did not fill out the required kyc form for AIG they would not renew my covernote. I had at first refused to fill out the form as I thought it to be rather intrusive and wondered why the heck an insurance co would want all that personal info. I had not received any such notice from the other broker so I figured I was gonna go down to the demanding one and cancel my policy and give them a piece of my mind, after all I have been an a-one client since the early nineties. However, on the way there I stopped at the other broker and questioned them about what the first broker was doing and asked them under what ambit of law were they allowed to be so inquisitive into my private life. If supm can really go so? Surprise surprise.
According to the broker. ALL insurance co.s have been mandated by the FSC to oblige their customers to fill out kyc forms that ask you not only where u live but also work/occupation, your trn no., whether married, single etc, all contact phones nos. etc. I asked the broker why this was so and if they did not think that it was and invasion of privacy. They said that they thought it was invasive but apparently the kyc’s are to be used to help flush out money launderers, eg how farmer x who grow yam in christianna owns an x6 etc.
So, all u big dupes who have jag, x6, range, tundra, m3 and m5 all park up together, mi hope unnu can explain yuhself!!
Peace
Comment said
How are you rabbit? it’s been a long time. Have you submitted your information to this liquidator?
peace
Rabbit said
Hope all is well….
Just had a conversation with the Olint TCI Liquidator. Long and short is that he suggests that we submit our claims, even if our documents don’t refer to Olint TCI. It does not mean that our claim will be accepted, but a slim chance is better than none.
I also remember being told that the TCI entity was the trading arm and the J/can entity was the customer service arm.
Information re the claim is at – http://site.olinttciliquidation.com/Home.html
Opportunity said
Bwoy Fuzzy, this is not good, not good at all.
FuzzyOriginal said
Driva Don’t have a link. If it is too long you may delete
Dr. Christopher Walker
11524 Claymont Circle
Windermere, Fl 34786
May 19, 2009
Re: Summit of Shame
UNITED STATES SENATE COMMITTEE ON FOREIGN RELATIONS
Dirksen Senate Office Building
Washington, D.C. 20510-6225
Dear Senators:
As a Clinical Assistant Professor of Obstetrics and Gynecology and a Florida resident, I am writing to inform you how I was solicited to make a financial contribution to a hedge fund called the Overseas Locket Corporation (OLINT). Under the auspices of a foreign exchange trading company, little did I know my investment could be tied to one of the largest international Ponzi schemes to date, resulting in millions of dollars lost for honest, hard-working Americans.
OLINT was managed by a fraudulent individual named David Smith, a Jamaican National who now resides in the Turks and Caicos Islands (TCI). He was arrested by the Royal Turks and Caicos Police on February 5, 2008 and charged with two counts of uttering false documents, four counts of forgery, and two counts of theft. Investigations have revealed the OLINT hedge fund was actually a Ponzi scheme.
David Smith attracted approximately US $1 billion to his hedge fund/Ponzi scheme before it collapsed. Currently he is under criminal investigation by the Middle District of Florida and this investigation very likely will result in his indictment. The US Department of Justice, IRS- Criminal Investigation Unit and the FBI are doing a courageous job in dismantling the OLINT conspiracy, which has been a national disaster affecting the lives of the three million Jamaican-Americans who reside in the United States.
Evidence exists that Smith engaged in money laundering and was connected to Sir Allan Stanford, who also ran a large Ponzi scheme based in Antigua . David Smith conspiratorially transferred large volumes of money into the hands of Jared and Isaac Martinez of JIJ Investments in Lake Mary Florida.
Smith is also connected to Istrokapital, a Russian company that is strongly linked to the Russian mafia.
Smith gave political contributions to the current governing political party in Jamaica , the Jamaica Labor Party (JLP). These contributions resulted in the JLP legally seizing control of the government in the last general election.
Having financed the current governments’ election bid, the Jamaican police have not been allowed to objectively investigate David Smith and his family because of political interference from the ruling government.
On Friday May 15, 2009, the Honorable Bruce Golding, Prime Minister of Jamaica, met with David Smith at a meeting that can only be described as a “Summit of Shame”.
This meeting was orchestrated by the Jamaican Consulate Allan Hutchinson of TCI, who happens to be a personal friend of David Smith. In fact, his wife Mrs. Yvonne Hutchinson, who started Precious Treasures Primary School in the TCI, employs Tracey Ann Smith, wife of David Smith.
This “Summit of Shame” is a breach of protocol and should not go unnoticed by American policy makers for the Caribbean . This is particularly shameful since David Smith has been charged by her Majesty’s Turks and Caicos Police Force for fraud and he is responsible for destroying the economic lives of many hard working American citizens.
David Smith used corruption to assist the current Jamaican government to become elected and continues to corrupt the government to this day. The government of Jamaica refuses to cooperate with the US Department of Justice in the OLINT investigation because of major cash payments made by OLINT to the JLP when they were in the opposition in 2007.
Daryl Vaz the current Jamaican Minister of Information personally received cash support from OLINT. This has resulted in David Smith receiving political favors including unofficial immunity from prosecution in Jamaica .
Smith has bribed the Jamaican media including the prestigious daily periodical The Jamaican Gleaner to hide his corrupt financial practices from the masses, suppress the details of OLINT’s financial collapse and the illegal transfer of money from OLINT TCI to Jamaica with subsequent transfer to politicians such as Daryl Vaz. In fact, most people do not know the OLINT Ponzi scheme was paying Mr. Don Creary, (owner of Creative Marketing Ltd., former Public Relations Officer for the Golding election campaign and a senior JLP member) to bribe key Jamaican journalists to suppress the details of the US investigation into OLINT.
I can fearlessly speak out about the dishonesty of David Smith and the corruption of the Jamaican government because I live in freedom in the greatest democracy in the world. Further, I am not subject to political violence and intimation that silences most well thinking Jamaicans.
I call on this honorable committee to: 1) Halt ALL bilateral aid to Jamaica 2) For the International Monetary fund (IMF), not to offer any loan assistance to a Jamaican government that is strongly influenced by this OLINT Ponzi scheme conspiracy.
Bilateral and multilateral aid should be resumed when all American citizens have received restitution upon completion of the Department of Justice investigation into OLINT.
I invite the U.S Senate Foreign Relations Committee to probe the facts outlined above which has led to fraud being committed on American citizens. In addition, I will be willing to send exhibits to illustrate the points that I have made. Further, I am willing to testify before the honorable Senate or Grand Jury to share these and other facts I have unearthed with the assistance of two private detective agencies.
Thank you in advance for any possible assistance.
Respectfully,
Christopher Walker, MD, FACOG, FICS, FAACS
cc: President Barack Obama, President of the United States of America
Senator Hillary Clinton, United States Secretary of State
FBI- Central Florida Division
IRS- Criminal Investigation Unit
Transparency International
International Monetary Fund (IMF)
Reed Smith, London- Simon Hart, Partner
maria said
wonder how much in the dollar the people with money in cashplus going to get back? hope they do something like this with olint soon cause DS look like him glad wid how tings turn out.
equality said
Hi guys, I am still out here. Can someone please say whether world wise is still paying or not. I have not heard a word from them.
pissed off said
What BIG LIST
Overchill said
Rumour has it people are about to be dropped off the big list. Not sure if it was DS or DC.
Mercury Vapor said
After Madoff: 5 More Alleged Ponzi Schemers
http://www.smartmoney.com/investing/stocks/move-over-madoff-6-more-alleged-ponzi-schemers/
Mercury Vapor said
New details in second Caribbean Ponzi scheme
http://www.jamaicaobserver.com/magazines/Business/html/20090710T020000-0500_155105_OBS_NEW_DETAILS_IN_SECOND_CARIBBEAN_PONZI_SCHEME.asp
Killa said
James 5:1-8
Lewfam my prayer is the pain and suffering that I have experiencing …
Now Listen, you rich people ( ), weep and wail because of the misery that is coming upon you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You hoarded wealth in the last days. Look! The wages (money)you failed to pay the workmen (investors)who mowed your fields are crying out against you. The cries of the harvest-er(investors) have reached the ears of the Lord Almighty. You have lived on the earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter. You have condemned and murdered (robbed) innocent men,who were not opposing you.
To the Investors
vs 8
Be patient, then brothers ( investors)until the Lord’s coming . See how the farmer waits for the land to yield valuable crops and how patient he is for the autumn and spring rains.
Killa said
What the problem with Lewfam , the loan that him seemingly trying to get won’t be able to pay out.
LionHeart said
We were robbed.. end of story. David just needs to have the decency to admit/confess to this con. That is the only thing required now to end this drama. Bernie Madoff is a bigger man.
pissed off said
Dear Member,
At this time our situation has not changed. We still await realization of one of the options that we have been pursuing.
As you may have noted, the media has been issuing releases stating that OLINT TCI was audited and is being wound up as per order of the Turks and Caicos courts. OLINT TCI is a separate organization started by Mr. David Smith in the Turks and Caicos Islands and does not concern us in any way.
Our funds are in OLINT and located on the trading platforms NOT in the Turks and Caicos Islands.
We trust that at some time our funds will be released and Mr. Smith will have an avenue to make payouts.
Please be reminded that the next court date will be August 5th, 2009. Through the Caribbean Currency Traders Association (CCTA) a lawyer has been appointed to watch proceedings on our behalf.
As always we ask you to please continue to pray for the following:
1. Relief for many members who are undergoing hardships at this time;
2. The successful completion of the negotiations;
3. The early resolution to the situation involving our trader’s funds and for him and his family’s well being.
The Management and Staff
LewFam Club
pissed off said
They mention AUGUST 5,I wil copy and post it here/////////
pissed off said
It went to my JUNK MAIL exactly where it belongs…………….
pissed off said
Lew fam sent out a new email? did you guys receive it?
jonothan said
so its agreed then, the people with money in olint can forget about it?
fx. ras said
been out …love to all.. has world wise stop paying
Fresh Prince said
Madoff get 150 years. DS needs similar treatment.Both men should have the same end to leave prison in a box.
Opportunity said
Must read!
Capital Blu investors’ $17M mostly gone, authorities say
By Orlando Sentinel
See link:
http://www.orlandosentinel.com/news/local/orl-aseccapital-blu-receivership-062062909jun29,0,5060079.story
jonothan said
wonder if DS is taking note of what happened to madoff?
RedP said
Drivah, I posted supm on talk general that never came through, perhaps maybe cuz it had alot of links, could u check and release for me please? Tanx
RedP said
This is interesting from the “for” blog
theCynic, on June 24th, 2009 at 2:32 pm Said:
Below is a conversation I had with a friend of mine re the revelation (or speculation) that Olint TCI is a ponzi, which would suggest that Olint itself was a ponzi. You’re feedback/opinions are MORE than welcome
(All comments were made by the other individual, with no interruption from myself)
2:04 PM
ok….all of those (DBG, JMMB, etc) entities have a capital markets unit/division/organization within their larger organization, that capital markets unit does active investing/trading
2:04 PM
whether it is with repos, equities, bonds, etc.
2:05 PM
well….clients have accounts and get statements on a regular basis from those units, if someone wants a liquidity event in the middle of a reporting period, which many of those companies allow, they don’t immiediately liquidate the entire position that the persons account is a part of, refund the person and re-enter the position
2:05 PM
transaction costs would kill them, if they had to do that every single time
2:06 PM
so what they do is, they have two separate units/divisions/organizations/parts
2:06 PM
one handles the trading with part of the funds, the other is a float to handle deposits & redemptions on a short-term basis
2:07 PM
soo….in order to do that, digital records are altered with every deposit & redemption, however if you were to follow the cash paper trail, what you would see is that peter money is paying paul
2:07 PM
or even partly paying paul
2:07 PM
which is exactly what olint tci was doing
2:07 PM
but their legal/business/accounting structure (i can’t speak to the quality of the structure, but it is HIGHLY likely that it was shabbily done and bare pattyshop based on olint’s operations)
2:08 PM
so as a result of that, the courts can take one entity, and look at it in isolation, and that’s no doubt what they are going to find
2:08 PM
but it is disingenuous at best
2:08 PM
it’s not truly accurate, in terms of the big picture
2:08 PM
which is why I say what I say, and believe what I believe
2:09 PM
if it comes out that the BIG picture is a ponzi, well I will give you that
2:09 PM
but I have seen no hard evidence that says that yet
2:10 PM
also, there are a MILLION and one red flags, the fact that one of ‘elements’ that the authorities are using in this case is a working paper by the IMF co-authored by Brian Wynter raises all sorts of red flags in my mind
2:10 PM
http://site.olinttciliquidation.com/General_information.html
2:10 PM
and tell me if you don’t smell something fishy there
pissed off said
Any news guys…………………………LETS KEEP THE CANDLE BURNING HERE….
RedP said
Maaaaaan, I wish I was a receiver!! ChaChiiiingggg!!!!
jonothan said
the receivers must be sharpening their teeth and lining up for DS. big money a go run.
RedP said
Whaapen PEI, longtime no see pardy. Your right, the world bumpy bad, the only place it level is at the foot of the cross.
PEI said
RedP wha happen friend? somebody have 2 millions USDollars for bail money is what dat and so much people cant get even a smalls.
Dis world nuh level at all
RedP said
@Jonathon, he made bail same day star. USD 2 mil. posted by a friend. Muss be nice to have dat kinda corn nuh true.
jonothan said
maybe the powers that be have decided that locked away is the safest place for him to be.
RedP said
@Peedoff- Not sleeping. More like watching and waiting and waiting and waiting ….. Ah well, patience is a virtue so I’m told.
pissed off said
Hey guys are you all sleeping , he is arrested again…….
Seems like DOOMSDAY is quickly approaching., one trouble after the next
Rabbit said
David Smith fears for his safety in JA
http://www.jamaicaobserver.com/magazines/Business/html/20090612T040000-0500_153317_OBS_DAVID_SMITH_FEARS_FOR_HIS_SAFETY_IN_JAMAICA.asp
RedP said
In todays Observer, the FSC listed a public notice of 58 Unregistered investment entities. Sheeesh I didnt know that there were so many. How about that, it looks like one a my neighbours is the head of one. Interesting. Quite a few are closed down now, whats the point in putting them on the list. Heck, maybe alla dem are closed down now.
jonothan said
i guess this means that three quarters of the little monies the olint investers should be getting will be given to receivers and lawyers and liquidators. good job DS you are indeed Godsend.
Rabbit said
Winding-up of TCI firm Olint begins
THE WRAPPING up of a TCI firm at the centre of one of the region’s largest fraud probes has now begun.
A liquidator to settle the affairs of Olint TCI was officially appointed by the Supreme Court on Tuesday.
More at…
http://www.tcweeklynews.com/default.asp?sourceid=&smenu=1&twindow=&mad=&sdetail=1310&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=2404&hn=tcweeklynews&he=.com
RedP said
Sad but true.
http://www.jamaicaobserver.com/columns/html/20090608T230000-0500_153079_OBS_IS_SUCCESS_A_PUNISHABLE_OFFENCE_.asp
jonothan said
well the first difference is that both are spelled differently. the second difference is that lee-chin is informing his clients of what the current position is while olint is not.dont get me wrong though, i am not a fan oh either.
Opportunity said
So Jonothan,
What is the difference between Lee Chin and OLINT? Lee Chin asking his debtors to hold off until………… hahahaaaaaaa . This is really good news!
jonothan said
oh yeah, i forgot. for all the lee-chin fans out there.
http://www.jamaica-gleaner.com/gleaner/20090605/business/business1.html
jonothan said
you dont know how happy i am to hear this. glad to know not everyone is being deprived of ALL their funds.
The Dæn said
http://jamaicaobserver.com/magazines/Business/html/20090604T230000-0500_152880_OBS_OLINT_TCI_INVESTORS_COULD_BE_LEFT_PENNILESS.asp
REFUGEE said
Two brethren get paid, $600 & $85 and both cheques were good. They say they should start paying upto $5000 this month ( currently at $2000). they say they are only paying ‘principal balance’, no interest.I spoke with them last week.
JANSAW said
anyone knows of any person being paid by ww yet
pissed off said
Any more news out of the turks and caicos, Let pray this nightmare is coming to an end sooooooooooooooon
RedP said
Court has pity on Carlos Hill. Hmmmmmmm………. Did Carlos Hill have pity on his “lenders” ??
Oh well, I guess we are commanded to walk in forgiveness. Rough, nuh true?
http://www.jamaicaobserver.com/news/html/20090601T230000-0500_152676_OBS_COURT_HAS_PITY_ON_CARLOS_HILL.asp
Love and Peace
deanna said
http://www.tcweeklynews.com check the latest on OLINT.
RedP said
From our friends on the “FOR” blog. Respect due.
http://www.tcweeklynews.com/default.asp?sourceid=&smenu=1&twindow=Default&mad=No&sdetail=1293&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=2404&hn=tcweeklynews&he=.com
RedP said
Hi folks! Its amazing the amount of ppl advertising FX classes in the Sunday Gleaner. I woulda thought that after all thats gone on that nuff smaddy would be runnin in the other direction. haha
Geotrdr said
@146
Carlos Hill has a brother name Bertram. Bertram is the one that was arrested along with Carlos in Jamaica. Not aware of any connection with the Sedwick Hill you speak of. If you really want to, Google the $h^t out of the name. You might find something.
jonothan said
it is reported that a house belonging to carlos hill is to be sold and around 30 million could be recouped there, but when the receivers and lawyers get there pay what will be left for the original investors? why are people surprised at that development? this was an obvious consequence even before receivers were appointed.
Opportunity said
I can’t remember the name of Carlos Hill’s brother? Is it Sedwick Hill? There is a Sedwick Hill linked to some SEC issues in Ontario Canada and I was wondering if there is a relationship.
Geotrdr said
@138. lol. Of course. For every con man out there, there are 50,000 suckers.
Redp, if your not good at DD, just stay away and call it George. That info is all run of the mill. Where did you get it?
RedP said
Hi Jonathon,
Just sharing, not necessarily jumping in. One thing though, would it stand to reason that with all that has gone on, is it not a possiblity that there are legit entities out there?? Keep in mind, corrupt entities will eventually get the most media attention and pique ppls interest when they go belly up. But how much attention will a legit company get that just goes along quietly doing what it does legally??
Even so, in light of all that has happened I’m sure most folks will think twice with fear and trembling before jumping back into FX investments again.
Peace Bro
jonothan said
with all that has gone on in the not too distant past and the current economic situation could people really be tempted to go down this road again? i guess the answer is yes.
RedP said
Here u go Geo.
Is this to good to be true?? Can anyone do a DD?? Mi nuh good pon dat!
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Geotrdr said
RedP, this there a website, a person’s name, address?
RedP said
Hey folks, Have any of you ever heard of “Sterling Currency Fund” and able to give any info about them? Apparently the fund is offered by Sterling Investments out of the States and apparently provides investors with audited financials. Any info anyone??
Peace
RedP
jonothan said
so the funds in olint are, for all intents and purposes, dead then?
floridian said
The NFA complaint is about Jared Martinez. The NFA has no remit to incarcerate people. The FBI/DOJ/IRS etc does have such powers. The NFA complaint and findings can be presented in a different forum for which charges can be made.
Similarly, The TCI Commission of Inquiry does not have the power to arrest or convict. But evidence from the inquiry can used in a criminal investigation. For that specific purpose Salmon letters were sent to those persons who by virtue of evidence presented to the Commission may face criminal charges now.
Come on Jamaicans education and knowledge are the key. Let us toil in that regard while the Sun shines.
Leaving Babylon said
Greetings all – long time,
The NFA’s dropping of David from the I-Trade FX situation doesn’t do a great deal for us, but anything to lighten the load is obviously a good thing. David needs the trial to complete in TCI before we will hear anything. I believe that our money is held outside the jurisdictional purview of the investigation, but guess what? Until the case convenes and officially concludes in TCI we are going to know notin nada zip. From what I understand David can’t do anything to even indicate what his plans are for restitution until the criminal investigation is officially over. The Sergeant in charge of the investigation told me that the hearing is tentatively slated for August, but could very well be moved forward to an earlier date.
Big up RedP – Keep Jesus your focus!
RedP said
Yow PEI, Big up!!
The following is from the link u posted.
In 1999, for example, one of Mr. Picower’s accounts posted an annual profit of more than 950 percent, the suit said. That account was one of two that reported annual returns from 1996 to 1999 ranging from 120 percent to more than 550 percent, the suit said.
——————————————————————————
950%!!! BLOUSE AND SKIRT!!!!!!!! Olint nah seh NUTN!!!!!!!! hahahahahha
Love and Peace guys
Fight the good fight of faith.
Prayer Bus is till running. Link me if your interested. cjb@cwjamaica.com
swine said
@129
I would love to sue Lewfam but mi nah have no money fi pay lawyer.If the Jamaica Law system is law unto themself. What are my chances in getting back my money? When mi have to go court to fight not just Lewfam but the court has well.
The Bible say where there is no justice the people take the law in their hand, that is what dem want people fi people do.
PEI said
sorry see it here
http://www.nytimes.com/2009/05/13/business/13madoff.html?_r=1&hp
PEI said
GENTLE PEOPLE UNU STILL ON YA?
Brother RedP. Me so glad fi see you.
please read this link about the Madoff man and his feeder clubs.Why the feeder clubs for Olint not being investigated and the heads sued because sure them withdraw plenty money before the crash. What the Jamaica authorityies doing? I dont hear gun fire about any investigations or suit in Jamaica. All those big pigs who did take out there money before the crash why they not investidated and suit file for the money to pay back so we the little ones can get back something?
Geotrdr said
There is nothing to explain. Seems pretty straight forward.
swine said
ha!ha!ha!ha! lol that is a good one.
pissed of says said
Hey SWINE check this out on the gleaner online:::::::::::
All pigs aren’t created equal – Swine flu not the same as ‘hog flu’ LOL
Patricia said
Privy Council finds holes in Olint case – Says courts a law unto themselves
http://www.jamaica-gleaner.com/gleaner/20090511/news/news4.html
swine said
Geotrdr please explain this statement in NFA report which you said I could read
The returns Smith was advertising were another red flag. While this red
flag was not on the lists in NFA’s Interpretive Notice and l-Trade’s AML procedures,
those lists are not exclusive. Advertised returns of the magnitude Smith claimed are
often fraudulent, and that fact is well-known in this industry. Although Jared testified
that other money managers achieved equally high returns, there is no evidence that
Jared checked the credibility of their claims. Smith’s advertised returns are possible but
unlikely, and l-Trade should have questioned them.
Geotrdr said
Swine, you can read the report here.
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=1900
swine said
Did the NFA report stated that Olint might be reporting gains that he did not made.
jahknow said
Properties acquired by WW last year are found here.
http://www.bcpa.net/RecSearch.asp
Juelle Properties is a real estate company run by Noel Strachan. Now type in Strachan, Noel in the search field and check the address, its the same as that of Juelle Properties.
Who Noel think him a fool up.
WW investors need to file fraud charges, as these properties will soon be transfered and Noel will be gone with the wind in him brand new Bentley.
jahknow said
Another major real estate property reportedly controlled by former Cash Plus boss Carlos Hill has been placed on the auction block.
Bids are being sought for the purchase of a 33 room hotel which is located in Montego Bay, St. James.
http://www.radiojamaica.com/content/view/17719/52/
jahknow said
Well, the chickens have come home to roost. I think we can all now conclude that, all the schemes are dead and the chance of getting back any money is very slim.
I am very happy with what is happening in the CashPlus case, where properties are being sold to recover some money to pay investors.
The lastest property put up for sale is the hotel in montego by, which I understand can fetch up to US$3M or $245M.
Add this to his four houses each valued at $30m, bring a possible sum of $365m.
There are other real estate properties which should be on the auction block very soon.
I hope the same will happen in the Olint/Worldwise case.
WW – Has S$1.2b located in florida plus a $150M property in Jamaica.
Its funny that there has been no fraud case brought against WW, I wonder why.
pissed of says said
Response to 119
It means what it says, they have not found evidence of money laundering
live&letlive said
The NFA document that fines I trade FX is on the Website we can read and comment on that.
REFUGEE said
seems to be a typo, most likeley should be “they have not found evidence of money laundering”. but u never know.
Wayne Worlds said
That is a very good question Jonothan. The letter of course assumes that the reader has a third grade education, since the NFA investigation and subsequent fine leveled against I-Trade FX, had absolutely nothing to do with Olint or David Smith for that matter. Olint, et. al., where just examples cited as it relates to lacks “anti-money laundering” compliance procedures in place at I-Trade FX at the time. Lewfam letter is plainly an insult to its club member’s intelligence or, just maybe, its show the writer’s lack of command of the facts of the case. Take your pick!
jonothan said
well at least one scheme is communicating with its customers so its better than another. re the above statement at 117 could someone please explain to me what exactly does this mean? “”"they have not found evidence of anti-money laundering”"”" am i to understand then that they HAVE found evidence of money laundering?
pissed off said
Okay here you GO guys:::::::PLS READ AND COMMENT!!!!!!!!!
Dear Members,
We are always so thankful to you for your continued patience and support in these trying times. We ask your prayer as we continue to work at implementing a solution, we still have not reached a state of being able to give you details of what we are doing because of how sensitive the negotiations are.
Our trader’s situation has cleared one hurdle in that the National Futures Association (NFA) of the USA are not pursuing any charges against him and his organization as they have not found evidence of anti-money laundering. In the meantime we await further developments in his other trader’s situation(s). As soon as any additional information is available we will be communicating this to you.
Please continue to pray for the following:
1. Relief for many members who are undergoing hardships at this time
2. The successful completion of the negotiations .
3. The early resolution to the situation involving our trader’s funds and for him and his family’s well being
The Management and Staff
LewFam Club
Copyright Lewfam Club 2009
Contact: | Email: customercare@lewfamclub.com
jonothan said
maybe only a select few got the letter. seems u r in esteemed company, lol.
pissed off said
I GUESS NONE.>>LOL
RedP said
I wonder why I-Trade is going this route. Isnt Martinez supposed to be if not the best, one of the best?? Hmmmmm…………….
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pissed of says said
Lewfam just sent out their usual FORM LETTER…..any comments???????
Patricia said
RedP wrt a post you made elsewhere, I continue to admire your style. Walk good bro…and btw, I’ve been hav’n some good weather. Little too chilly for the lake yet, but nice for getting out and about :-0)
Jonothan, I’ve not heard the rumor of which RedP spoke, but then I dont listen to the rumors (anymore). The lack of any formal and meaningful communication has spoken volumes for me.
RedP said
Jonothan @ 111
I had heard that that was what he was doing (trading on someones account). I have absolutely no proof that it is so. All I can say is that it may well be just more rumour or speculation. Your guess is as good as mine.
Peace
Hang in there ppl, God is still God and He is still in control. Trust Him and no one else.
jonothan said
correct me if i am wrong but if the great D.S. was really as good as people claim, and a christian as people claim, and genuinely interested in making good, couldnt he get a friend to set up an a/c and trade and pay back even the smaller amounts out there? or is it that he is satisfied witth how things turned out? comments please and remember dont kill the messenger, deal with the message. lol.
jonothan said
correct me if i am wrong but if the great DS was really as good as people claim, and a christian as people claim, and genuinely interested in making good, couldnt he get a friend to set up an a/c and trade and pay back even the smaller amounts out there? or is it that he is satisfied witth how things turned out? comments please and remember dont kill the messenger, deal with the message. lol.
live&letlive said
K
I see exactly what you are saying.
From the NFA report I get the impression that FX chief was more impressed with the amount of money that DS had at his disposal than his trading skills.
Rabbit said
FYI – ItradeFX will no longer accept or service trading platform clients from the US. Existing accounts will be transferred to another broker unless you indicate otherwise in 7 days.
chilly said
The developments with I-Trade FX are very interesting. I know they are the target of a Federal investigation. Their involvment with IL and DS runs very deep, regardless of how hard they try to distance themselves. I see some serious lawsuits in their future.
K said
Live&letLive,
Have you ever heard FxChief speak about how successful the traders were in Jamaica and how he helped them? A lot of time I don’t think he remembers all of what he’s said in all his travels and teaching. As a successful trader, I find it extremely hard he cannot detect if someone was truly trading and profiting.
I don’t even want to go on and on about this topic, suffice to say I’ve heard a lot to come to my own conclusions.
live&letlive said
K
What is dirty about the FX chief?
The FX chief seemed to have trusted DS but he was not alone in doing that.
Please explain your comment
swine said
I read thru the NFA report. This Olint fella wasn’t the trading expert that people made him out to be. The NFA made it seem that Olint didn’t know much of what he was doing. Olint actual have his money unsecure in I-Trade. Now NFA how much money does Olint have left in JIJ/I-Trade?
Anyone read the report can you tell me if Olint has any money left?
gonemad said
http://www.radiojamaica.com/content/view/17507/52/
K said
I-Trade FX decision on their cases has been reached..They are being fined $250K
I wish they are pursued even harder.
The Martinez are showing more and more they are not as “clean” as FX Chief in all his talks want people to believe.
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0367140&case=08BCC00014&contrib=NFA
Geotrdr said
Yep. The Cap Blu guys in a lot of trouble. Using investors’ money for luxury cars, private jet charters and, a two-night $40,000 spree at a “gentlemen’s club.” And phony account statements on top of all that. That is not going to look good in court, not at all.
40 grand at a strip club. 40 thousand dollars. 40 thousand US dollars. Backside. What in the world did they get for $40,000? How did the Feds find out about this? Did they charge it to the expense account? Did they send the bill to a client?
40k at a titty bar. $40,000 of other peoples money. Thats nuts. Oh man…they are going to fling the book at these jokers.
RedP said
Great post Pat!! I hope up nawt is warmin up.
YardMan On Wall Street said
Capital Blu CEO charged for fraud
http://investforlife.wordpress.com/2009/04/23/capital-blu-ceo-charged-for-fraud/
jonothan said
i am wondering if at this point in time and where things are at people are interested in how they were parted from their funds as against means of getting it back.
Patricia said
This piece is very long. I read it in parts as I had the time. It was worth it and is a lesson to everyone.
There are so many striking similarities with others that we are familiar with.
“HOW BERNIE DID IT.”
http://money.cnn.com/2009/04/24/news/newsmakers/madoff.fortune/index.htm?postversion=2009042406
RedP said
Whassup guys?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQKSPu575js&refer=home
searching said
Capital blu bites te dust; investors money squandered again
Ad said
I have not been on the page in sometime. A long long time. I will say onething.I hope David Smith pay for all the hurt he has caused on his investors. I really do. He has caused more harm than Madoff and others combine. Atleast those guys stood up and admitted their wrongs. Their investors know exactly where they stand. All he did was lie and lie and still lie and extended investors pains. What about all the familes that have all fallen apart due to him? What about all the people he has made homeless? Wicked, wicked, wicked man.
RedP said
Is it??
Fresh Prince said
Suicide is painless
gonemad said
David Kellerman, Fredie Mac committed suicide.
Life won’t be better David.
I hope it’s not a David thing life is more important
http://bumpshack.com/2009/04/22/freddie-mac-cfo-david-kellerman-committed-suicide-photo/
RedP said
Whassup guys? The following link is a short interview with Stanford.Interesting. At least him talk, unlike smaddy we know. haha
http://abcnews.go.com/Blotter/WallStreet/story?id=7270405
Love and Peace folks
Fresh Prince said
There is no news and the only news you will get is when the thief gets his jail time.
pissed of says said
ANY NEWS GUYS!!!!
Fresh Prince said
Where is Mr. Pantry coming from with this sentiment that it is the FSC’s action that cause Olint and others to collapse. His position is interesting.
http://www.jamaica-gleaner.com/gleaner/20090417/letters/letters2.html
Rabbit said
Comment @ 63 – I withdrew all I could without officially closing the Rove account. What is left is icy-mint money.
Hope you and all friends on the #4 are hanging in there.
namekyoyo said
I agree with you. I’ve heard much talk about the groups trying to get loans to pay back the principal however I doubt anyone will be giving out those loans in this current global economic climate. Hard times all around.
PipUNIT said
Major Neil Lewis is just trying to buy time and with all his “promises” of sending back us all our principal with this “alternatives” he’s working on, while hoping the whole time David Smith comes through. He can’t afford to keep the website up, ain’t nobody gonna give this guy a loan for the money he needs in this market.
namekyoyo said
Hey Paige long time no see. Let me know how that toll free number works out for you. I’m curious to see what they can do from this side. I doubt they can do much but still you never know.
So here is the money question. Does anyone know what the fraud charges are based on? And who has our money? Is it the banks? Are they using our millions gaining interest? Lending it out. Who stands to benefit from these proceedings?
Whos got the scoop?
Paige said
Hello all
Long time. I know things could be better for alot of you guys but thank God for small mercys.
Anyhow, I was attempting to gain additional information regarding the FBI investigating Olint and it does appear to be true. For all of you guys who have legitimate complaints, you can call 212 384-1000 and press O for the Operator. I was told you can speak to anyone, and they will ask a few questions and then I guess take your complaint. When I called to query I told the the agent/(guy) who answered that I was calling on behalf of someone who was in Jamaica, he wanted to know why I was calling and why the person couldn’t call himself. He said the person can call and speak to anyone. The word Olint or David Smith did not seem to come as a surprise to him however when I initially called the 202 number provided the lady who answered didn’t know what I was talking about. She provided me with the 212 number. So who ever wants to call feel free and provide feed back if possible. I don’t believe I can do anything yet because my Olint is through a Pig and I believe he would have to make that complaint.
jonothan said
YES !!!! glad to hear that. hope some more “schemes” follow suit (no pun intended)
REFUGEE said
A FRIEND GOT $600 AND A STATEMENT. THEY CONTACTED HIM BY PHONE.
jonothan said
i dont understand, no one has anything to say re worldwise paying out money? can anyone confirm if any money has in fact been paid out and the limits and conditions?
gonemad said
FBI on Olint’s case. People fed up.
http://www.radiojamaica.com/content/view/17018/52/
namekyoyo said
@ Jonothan I was probably the person who went at you for calling Investment clubs “schemes”. And though things gone to crap I stand by my assertion that calling them “schemes” at the time without proof was biased and not based on objective motives. Just a thought… Did anyone call Madoff’s company a scheme? Nope not till all the money was lost and all revealed. If Madoffs business can be considered legitimate till proven otherwise I will extend the same courtesy to DS.
Now I’ve been busy with other business and been out of the loop for some time. I have $$ tied up in these “groups”would love to get some feedback. Do you all think DS was pulling a Madoff? I know he’s in court on charges of fraud. Is this fraud based on money laundering or “ponzying”? (I know new word)
namekyoyo said
hey all I havn’t visited this site in forever. Any word on whats happening with Olint?
pissed off said
Max Higgins.
Carlos Hill
David Smith
Noel Strachan
When are these MADAF**ka going to prison like MADOFF.
Let join together and put their SORRY ASS in JAIL.
Sheraig said
Has anyone received payment from World Wise?
RedP said
Hi folks, hope all is well with you.
Jonathon @ 65, like Refugee, I choose to remain optimistic. My personal opinion is that in the face of adversity its better to have faith, hope and remain optimistic. But that’s just me. One might say that that’s not being realistic and my head might be stuck in the sand. But stranger things have happened, with God all things are possible. So who knows, if I get it back, great. If not well I guess I’ll just call it George and move on. but in the meantime I’ll remain optimistic.
Love and Peace guys!!
dehustle said
Competence & accountability Vs incompetence and corruption
jilted said
anyone has any word on Partners financial??
they have US$20000 for me and i need back my money.
any word anyone?
REFUGEE said
look how fast the charged stanford and madoff, look how long it took to scrape up some dirt on ds, seems strange to me.
REFUGEE said
Maybe it’s just because i’m an optimist
pissed of says said
REFUGEE, is there a reason you are so OPTIMISTIC**
pissed of says said
Lets face it, if July comes around again and nothing we might have to take our MIND OFF OUR MONEy, I keep getting promises. I am calling Lewfam and will update!!
roy said
news on tvj has it that worldwise start pay out
REFUGEE said
yes,I don’t think all is lost
jonothan said
funny isnt it? some time last year i asked a question on this site and described olint as an alternative investment scheme and everybody jumped on me for styling the thing as a scheme.i dont see the main jumper posting anymore. well, i have another question, do the people out there honestly expect to get their money back from olint? and dont cuss mi people, just answer the question.
freedom said
how did u get them an phon that ww
Comment said
Rabbit you are still in Rove? Thought you left that ship!
C.
Wayne Worlds said
REFUGEE:
What happen to the account they had in Jamaica and where paying a few late last year? Tell them you will be more than happy to get a check drawn on a Florida Bank. BTW, I notice that another lawsuit was just filed against them in Broward County Florida. I wonder if these lawsuits have anything to do with their repeated mis-steps and promises?
pissed off said
Answer to 56 Lewfam and UWIN
Veronica Henny said
I have been emailing IPS O.Stennett and no one is responding to my email. I also call customer service they ask you to leave a MSG. no one is responding to the msg. Can some one on this blog PLEASE help me to get in-touch with IPS or let me know what is going on please
Rabbit said
Rove’s return for March was 1.1%
REFUGEE said
spoke to WW today, they say payments will start as soon as they gat a bank account! Leys hope the banks are willing to help out!
freedom said
-’=p;-
live&letlive said
Pissed off who have your dough Lewfam or Olint???
pissed off said
I am actually female and am not on the edge. I just need to get my f*****g money. I read lewfam is looking at alternatives which cannot be disclosed at the moment and I am wondering if any of u guys know what it is…
Wayne Worlds said
RedP:
Looks like you need to reach out to Pissed Off and pray for him. Sounds like someone on the edge.
RedP said
Hey Pissed, we deh ya, watching and waiting and waiting and waiting and waiting…….. Ah life!! Wha fi duh?? Trust God and live yah mi friend.
Peace
Fresh Prince said
Pissed Off they have moooooooooooooooooved on
pissed off said
WHERE IS EVERYONE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
pissed off said
Hey guys what do you think of Lewfams recent update?
pissed off said
I will be calling lewfam tomorrow
Rabbit said
Hey Comment! Good to hear from you
Things are well on all other fronts…hope at least the same is true for you and the other friends on the #4.
I think things are relatively quiet here are there is little or no information to share. I doubt however that anyone has turned their backs on the situation.
Blessings to all
Rabbit
Patricia said
Hey Comment..still around. Busy trying to stay afloat and looking forward to warmer temps.
pissed off said
Hi Ladies and gents
These are tough times and a lot of us have lost a lot of money,
There is hope out there still. Anyone watch the apprentice last night?
Comment said
This is what all the Schemes are expecting to happen, everyone will just vanish and forget they every had money invested. OLINT has put up some sort of smoke screen on there website that they are disabled due to other activity. # 42 pip I also find it strange that Mr. Smith’s case is kept private. They have not even communicated with there clients….members things are bla bla but nothing.
Peace.
P.S. Rabbit, Patricia and the Good Dr. hope all is going well with you.
JANSAW said
whats the latest on higgins and ww……anything, anyone?
PipUNIT said
I find it odd that nobody even knows if David Smith even wen’t to court a week ago.
deanna said
check out david’s smith facebook. He is planning on bringing more investors to cayman.
RedP said
LB, its been very very quiet. Makes one wonder whats goin down.
Leaving Babylon said
This makes no sense – where is the court record? Olint’s new hearing will be…? Attorney so & so filed a continuance to reconvene on…?
If anyone on the bus has the word, please pass it along.
live&letlive said
Mi havi agree wiith pipunit
YardMan On Wall Street said
Ponzi Scheme Victims Get a Tax Break
http://online.wsj.com/article/SB123730195606956645.html
The Internal Revenue Service announced unprecedented tax relief for victims of Ponzi schemes, saying many of those affected could deduct up to 95% of their losses immediately.
The IRS said victims wouldn’t be subject to limits that apply to personal casualty or theft losses and could carry back net operating losses five years to offset taxes paid, or forward 20 years.
Poor-us said
PEI said
March 11, 2009 at 1:25 pm
People in UWIN what you think about the latest update?. Well we might or might not see a penny but it seems they are trying to do a thing. I wonder if it is enough though
A promise is a comfort to a fool – PEI, what you need to start doing is collect as many UWIN clubmembers as possible and lets have a meeting on how to set the ball rolling. Drop me a note at: Shafted UWIN Clubmember, c/o P O Box 333, Kingston 6, JMA AW12, Jamaica.
They have been warned that March 20 is the last dauy of grace before club members start to take action starting from me.
JSM said
Fresh Prince:
There is still money out there sitting on the sidelines. The Money did not “Disappear”.
Fresh Prince said
I hope people now realise that much of the fake wealth created over the past 10 years, in Jamaica and around the world was done through greed and fraud. Now we are witnessesing the collapse of the world’s dolly house.From stock markets manipulation, housing bubble, ponzi schemes etc etc, it has just been a big fake. Now Poof!! it gone.
Fresh Prince said
But Pipunit you should give a crap about Misick. Isn’t he or wasn’t he a facilitator?You may not get back your money but dont you want to see justice done on all levels?
PipUNIT said
Where the hell is my money who gives a crap about Missick. Where the hell is David Smith and my $$$$$$$$$$$$$$$
Watchrul said
Has anyone heard anything about WW? Their site is now down and telephone numbers busy signal would suggest that they are disconnected.
Fresh Prince said
This is the second time britain has had to suspend the constitution down there because of allegations of corruption by the ministers in TCI.
Fresh Prince said
Well done Missick. Great handy work…..British Government now suspends TCI constitution. Plan to seize back the islands government within a week. No more PM and Ministers of cabinet
http://www.timesonline.co.uk/tol/news/world/article5919534.ece
PipUNIT said
I’m guessing that DS never had his trial last week? I really hate that Mother F$$$er
RedP said
JSM @ 25
I wonder if I can get one a them bonuses!!
JSM said
sp. cse=Case
JSM said
Hey RedP, my belief is Madoff came forward and tried to get everything over with quickly in order to protect his family. I do believe, knowing how the US Govt. operate in a case like this that they will still go after his family for asset and whatever else they believe that they can “Take” from him or his Family. Whatever is within the law for the Govt. to take neither Madoff, his family or anyone that profited from the Ponzi Scheme will be able to keep. Of interest is whether or not the same “Stance” will be taken in the cse of David Smith.
JSM said
Good Day Ladies and Gents:
This is how Warped the World that we Live in is.
AIG has gotten over 170 Billion dollars from Taxpayers and yethttp://www.cbsnews.com/stories/2009/03/16/business/main4868077.shtml still they are paying out over 160 million in Bonuses.
After saying all that then the stock is up over 60% for the day.
pissed off said
What is the lastest UWIN Update?
PipUNIT said
Does anyone know if DS had his court case this week? I can’t find anything. There was supposed to be one like March 12th or 13th?
Leaving Babylon said
Where’s the news on Olint? Didn’t we have a hearing?
Patricia said
OK RedP. Have a blessed w/end.
RedP said
Maria @ 17
This is just a sign of the times, if you notice when you go to the grocery stores they are not as fully stocked as they used to be. The same thing is starting to happen in the hardware industry, goods are becoming harder to get because 1. manufacturers are producing less because the consumer has reduced spending and 2. Overseas suppliers have reduced or removed the line of credit that they extend to local distributors. Ah bwoy, weh fi do other than trust God and live eeh??
Peace
RedP said
@16 & 18
Hey Pat and Geo, understand what you sayin, I guess what I meant to say is that at least he just plead guilty and done, no big long drawn out affair and whole heapa excuse. In that sense I meant at least he jus up and face the music without wastin too much time, whole heapa lawyer fee, tellin whole heapa lie, etc Him jus done di argument and call it george so to speak. Unlike nuff other ppl that have us like puppets on a string hanging on hoping against hope that everything will be fine. In that sense, Madoff is a bigger man den the other bunch a crooks.
Patricia said
RedP, I agree with Geotrdr on that one. I think his confession and guilty plea were deliberately timed events. He did what he could to squirrel away assets for close friends and relatives, fully well knowing that time was no longer on his side.
maria said
didnt we hear a couple months ago that all the talk about these stores in difficulty were just rumours?
http://www.jamaica-gleaner.com/gleaner/20090313/business/business1.html
Geotrdr said
@14
What? Keep in mind this guy did not come out when everything was honky dory. It crashed. His only other choice was to run. Dont forget how long he was robbing people. In the early 90’s when he was robbing people, what was he then, a little boy, a fake man maybe? How about in 1997 and in 1998? What about in 2000, 2001 and 2002? what was he then. What was he when he TOOK money from charities?
Real man? I cannot stop you from thinking that about greatest con artist to hit Wall Street. I have a different opinion, but who am I anyway.
maria said
wow, i wish i was in the position of some of the people out there who dont give 2 hoots re the DS/olint saga. mi sorry but mi haffi concern bout my likkle much cause ah nuh get me get it free !!!
RedP said
Hey folks,
You know, Madoff did a lot of wrong, but it takes a real man to stand up and admit his guilt and face the music jus so like he did, no dilly dally and go round corner, pity some ppl dont follow suit.
Peace
RedP
Geotrdr said
I dont know Rabbit. Four +’s and one – sounds pretty serious.
InDeRiver said
aud/usd long , eur/usd long , nzd/usd long, usd/sdg short all these pairs + , xau /usd long is -
Rabbit said
Geotrdr…InDeRiver’s comment on Rove must be sarcasm…
what a gwaan said
Justice in DS caseis taking too long. The good book say when justice is delay the people take the law in their own hand. Take a page out of US book let justice act quickly.Shame on the authorities incharge in this case. A wonder if them getting a cut of our money. I am Dammm upset right now cause justice is not in my favor, whatever the outcome of my hard earn money.
Patricia said
GO DIRECTLY TO JAIL!! DO NOT PASS GO AND DO NOT CLOLLECT $200.00.
“The plea came three months after the FBI claimed Madoff admitted to his sons that his once-revered investment fund was all a big lie _ a Ponzi scheme that was in the billions of dollars. Since his arrest in December, the scandal has turned the 70-year-old former Nasdaq chairman into a pariah who has worn a bulletproof vest to court.”…
http://www.huffingtonpost.com/2009/03/12/madoff-arrives-in-court-f_n_174194.html
PipUNIT said
Is DS’s trial today?
Geotrdr said
Finally, a non ds/olint post. InDeRiver, care to add a numerical figure to “up, way up”?
InDeRiver said
rove capital is up, way up
live&letlive said
The last ruling was they should apply after the 11th March to unfreeze the assets. At which time I heard that they got a date for the 13th or 15th. However since the charges & arrest everything has gone a bit cold on that. So that only real date that I know about now is August 5th ( ANOTHER HOT BRUK SUMMER probably the beginning of many more LOL).
Mi have a PROBLEM !!!!!
Now that OANDA hear that the charges are not systemic MEK DEM NUH FREE UP THINGS
Mi have a next PROBLEM !!!!!
We have emailed OANDA and sent DS communication re suspension of trading on their platform begging them to tell someone in the US regulatory set up that DS is bulshitting us if he has less that threequarter billion on the platform. They have not acted.
What the hell is going on??
PEI said
People in UWIN what you think about the latest update?. Well we might or might not see a penny but it seems they are trying to do a thing. I wonder if it is enough though
maria said
anyone has anything recent on the DS case?
billr said
I am curious to know if anybody has any OLINT status update. Is it true they are set for trial tomorrow 3/11/09?
Kevin said
New faster anti-recession bus.
As you were …………..