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????

“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!

the constant court delays to bring an end to this fiasco is increasingly too traumatic to bear.

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