Invest. Clubs Archive 4
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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?
DR said
where are the people?
jahbilly said
Wha yu mean di bus nah run tiday? Sey wha, dem tief di gas ota di bus? What ah crasses pon wi doh een sah!!!!!!!!
PipUNIT said
Dear Members;
We apologize for the long wait in communicating with our members. We have been trying to fully understand the situation surrounding all the negative publicity directed at OLINT and our trader, Mr. David Smith before contacting you.
This statement is therefore the latest update, as we know it. Mr. David Smith, had been enduring due diligence on his fund which we were assured would end on July 2 resulting in the release of funds to its members including LewFam. We wish to state that no funds have been delivered into our hands hence no fulfillment of current encashment requests to our members.
On July 14 the offices of OLINT Jamaica were closed. The reason stated by OLINT was because of threats including bomb threats. On the same day we were informed that Mr. Smith was under investigation and his accounts and assets in the Turks and Caicos Islands, where he resides, have been frozen. Mr. Smith has not been arrested and he is free to travel and continue conducting his business. There has not been any gains reported for June and this is understandable.
Mr. Smith has indicated that there are large numbers of members requesting withdrawal of their funds. He has further stated that in order to fulfill their requests, an audit will have to be completed. His auditors will ensure the equitable disbursement of these funds. We await word from OLINT as to when disbursements will resume and we enlist your prayers, patience and restraint. Be assured that LewFam will be acting on behalf of our members to ensure that their interests are protected.
We remain steadfast with Mr. Smith in prayer and in our private and public support for him as long as it takes to resolve the current and future situations.
We recognize that members are experiencing severe hardship at this moment, but we ask again for your continued prayers, patience and restraint.
If you have any questions, please do not hesitate to contact us at 866-274-3272.
Management and Staff
LewFam Club
Kevin said
This page is now an archive. Please now cease from posting on this page. Please use the main page “Investment Clubs” in page headers.
Bless said
RedP:
The Feds are fighting for the US economy
Look at the prediction for the pension funds worldwide
This magazine had predicted the sub-prime mess, the oil to 150 a barrel US dollar 1.5+ Euros.
Remember what MLC say that the Mellon Bank were the ones that had a problem with Olint – Read the I beieve the 5- 6 paragragh
http://www.jncb.com/corp_info/news.asp?Story=289
Now look at the following: under Chart 4 Below Carnegie Foundation
http://www.save-a-patriot.org/files/view/whofed.html
Read the different free articles for each month in the Magazine
Look at the bottom of the page for the link
This one is dealing with pension funds:
http://www.leap2020.eu/GEAB-N-23-Contents_a1429.html
Please read the other issues
Olint-for-life said
Olint has not won the case as yet. The high court upheld Olint’s injunction preventing NCB from closing their account. That’s what happened, so the case will come up again.
The case Olint brought against the NCB to prevent Michael Hylton from representing NCB againt Olint has been thrown out.
Source said that Bill Clarke may have been fired because of the sweet heart deal that Audley mentioned in Parliament (sweetheart deal – BNS acquisition of DB&G). Apparently Bill got a big “kick-back”.
Additional source again confirmed that “big money” came into NCB by wire. It was shown to “TOP TOP Management” for instructions before posting, but it was stopped. Source holding firm to story.
TCI Police Chief said that Olint’s assets in TCI to be frozen for 3 months, long enough for them to complete their investigation. He said however, if the court instruct that Olint’s assets be unfreezed before the time, then they will have to comply. Ask Tito to confirm this.
Disagree that we should close NCB accounts. Even though I personally don’t like the leeching Wolf, source said that if there is a run on NCB and it collapse, then that could cause serious dislocation throughout Jamaica’s entire bank system, and it would not be good for the economy. Everybody, (including us) would be seriosly affected one way or another. I have reconsidered closing my account because of this (sad but such is life). Any comment?
Olint-for-life
Kevin said
This page is now an archive. Please now cease from posting on this page. Please use the main page “Investment Clubs” in the page headers.
Overchill said
Stay tuned.
RedP said
we bettah buy some euro and stash it away!!
RedP said
Bless @ 1249
Bless, that article isnt intersting dread, its downright SCARY iyah!!
RSI said
so in effect NCB was abusing their dominant position in the marketplace according to the Fair Competition Act
RSI said
well worldwise should be able to reopen their account if the precedent is there now
jonothan said
how yu mean if O win? mi nuh jus tell oonu seh olint win di court case so ncb cant close dem a/c?
ForexGuy said
Any more news on the court case? Did O really win?
UpNawt said
RedP
What a ting if NCB really in a trouble!! Di big man might haffi call up SD and beg him fi put money inna him bank fi help him out!!!
jonothan said
wonder if the ncb shareholders have a say in whether the case should continue as it could be seen as a waste of their money but then again isnt the WOLF the majority shareholder? surely a couple of big shareholders must be in olint too?
Floridian said
Bwoy… One time gone when Nationwide did report something everybody did tek it as gospel… But from wha day yah… Is like them join di tabloid business… As them hear something them report it.
First it was email, today it was Bill Clark get fire, now them say assets frozen in a Turks fi 3 months.
Is who them get that information from?… The famous Willie?
For those who don’t know who Willie is… Is one of them man yah…
http://www.crimestoppers.tc/index.php?id=15
jonothan said
NCB seh dem a go tek it to di privy cooncil. ah hope it tek 40 year fi come to trial. dem have money fi waste eeeenh? will the outcaome justify the cost?
Lots Ofmoney said
Olint wins NCB case and now you say the accounts frozen for 3 months….what a roller coaster ride….
RedP said
If NCB a go inna problem is bettah supah close him account b4 leechin tek di dollahs and chip out pon di copter or di ship!! LOL
Bless said
#1247
http://www.europe2020.org/?lang=en
Floridian said
But seriously…
If… And I say IF!!!… If the story is true about the Feds freeze the money and now release it… Where Dave going to send that money???
If it was destined for Turks to be then sent on to NCB… Then what happen if it reach Turks???… Them nuh freeze his accounts down there??? What happens then???
Next scenario… If it in USA and free for release… How Dave going organise for it to get wired to NCB?… Them nuh raid him business down inna Turks and freeze his business accounts to?… So how him going transact business outta Turks???
Bwoy… This thing just a get more and more confusing.
But as mi say… All me want to know right now is if funds really EXIST and how MUCH!!!
Bless said
The article that you must look at is GEAB N26 is available Leap/E2020 Summer Alert July-Dec 2008 The world plunges into the heart of the global systemic crisis forward the link until you get to the article
Interesting Read
RedP said
OverChill yuh nuh easy a backside!! LOL
Redp said
nationwide just report that Olints Turks assets to be frozen for three months.
jonothan said
at last some good news. court say olint win case so ncb cant close accounts.
Bless said
Please read this Magazine Europe2020:
The 26 issue has an interesting article
http://www.europe2020.org/?lang=en
Overchill said
Where did everyone go? To close their ncb accounts?
Floridian said
RedP… Mi link yuh pon yuh new account…
Mi a tell unnu di truth… Mi rate Cliff Hughs, but with them 2 stories bout Dave and Bill… Him better be right about di 2 a dem… Because if one nuh sue and get, the other supposed to sue and get… Or what a thing fi poor Cliff if di 2 a dem sue and get…
But that aside… Bus want to change fi true… It really pop dung… And you know something really gone bad when people start write grafitti pon di walls in di bus… And bus rider ah ask bus rider how fi draw di grafitti and ah show dem one anodda…
Di smiley dem a grafitti…
bruk pakit said
Ok guys sorry for the bad news. The money is gone!!! It sounds like only a very small percentage of what should be there is left. The contents of the letter that money gone is true though not drafted by DS. It seems he has to be careful in making a statement now because of legal implications – ie admission of misappropriation of funds. This now is my own analysis, not fact – I think much of the DD argument was stalling tactic!! From letter earlier this week, if you read again, you will see that the goal will be to pay back only those who never got back initial principal!
RedP said
Drivah, time fi new bus, 2 post dropped.
Overchill said
@1227
Aaaaaaah, I’ve twisted my colon!!! 
Overchill said
RedP said
Bwoy Cliff, a busy week for you eeh!! Revel int it!! Ah jus hope it nuh tunn round and bight yuh, mind yuh know cuz we love yuh still!! David bad enough but now yuh start romp wid di big dupe dem!!
jonothan said
as mi seh, like lee-chin, bill clarke a nuh one a my favourite smady an mi woulda luv fi know seh him really get fired but yu nuh need fi spread dem kinda rumor pon di man. mind yu get yu driva inna trouble. seen?
RedP said
Drivah, di bus wear out quick, next time buy a Prevost (greyhound)!! More spacious first class ride for your well deserving passengers!!
282,812 hits and counting, Brap Brap!!!! And di turbo dont trip een yet!!
Mi will stick wid smily, him less confusing.
Dehustle said
So Nationwide reports Bill Clarke Fired, Bill Clarke doesnt know about it /Bns denies
Guess somebody needs to check thier email
P.S Jonoathan Unlike Jamaica , there are alot of things canadain/Us companies dont think its funny
Sexual harrasment is one of them (hypothetically speaking of course)
K said
nationwide again…so the bill clarke story nuh really go suh…..twice in one week..Cliff you brazen nuh backside..he must be right.
jonothan said
look like the driva get ketch wid di olint ting to cause si him cyaan find di funds fi change di bus now.
jonothan said
i definitely dont like bill clarke from longer time but if a man can put his bank in the number one spot in the country for years and it continues to make pots of money for its bosses over in canada for him to be fired he would have had to do something really bad. now what could he have done to warrant him being fired? surely a man in such a position could not get there by being stupid? just my take folks.
Overchill said
The bus is getting slow again… Too much baggage on board…
DRIVA?
K said
Opportunity – I did not move ahead since I never really received any feedback on the idea
RedP said
Nationwide standing by story Bill Clarke fired, claims top a top sources and not backing down.
Merc V WEH YUH DEH??!!
FLORIDIAN WAKE UP AND CHECK IN!!
Opportunity said
type colonevilcolon
or colontwistedcolon
Leaving Babylon said
Opportunity how do you make that crazy demonic e-moticon? That’s pretty funny.
Lots of money – What are the key strokes for some of the one’s that did work? It doesn’t matter if you take up another seat this bus is about to pull into the garage anyway for a tune-up.
Lots Ofmoney said
RedP..mi neva know sey yu so rosemantic.
…was trying to send you some more faces….but the blog don’t seem to like most of them….thanks for the cement tip the other day..mi jus pay down pan a whole heapa bag…
Opportunity said
People as Barack Obama always say…this is our defining moment…Maybe now is the time to screw NCB royally. K, Hurry up with the website a beg yuh.
Lots Ofmoney said
O:)
’
:]
:-X
:-C
=^..^=
*:o)
:’(
}:>
:-7
:->
:*
:-9
:-#
:-{
@}-;-’–
:
:p
:-&
:-\
:-*
Opportunity said
Red P, I don’t like how you build up our hopes so high about Bill Clarke and now we feel let down that him nuh gone.
Opportunity said
D_S_L,
You know I thought the same thing yesterday about Cliff Hughes. How on earth can there be an investigation going on in Turks with computer seized and there is an email from these said seized computers on the news. That sounds like some serious legal liabilities to me. I guess everyone including the detractors are so excited that they not thinking rational anymore.
fyier said
#1197 InForTheLongHaul I understand what you are saying. I guess many of us were hoping that these clubs would have lasted at least until we reached our target. whether it was to spruce up our retirement fund or to buy a house. The good thing is that you do have some safe investments. For sure many are in way over their heads, especially if the stories I heard about people taking loans to invest in these clubs are true. question is how do they service those loans now?
d_silver_lining said
Bwoy Jonothan….let’s see if it’s a story or not!!
d_silver_lining said
@ 1215 Overchill -
You know I heard something about NCB having problems lastnight as well, from that same lawyer, and then this morning you mention the samething!! Thank god I bank with BNS & RBTT lol-lol…never like NCB at all.
jonothan said
sorry to disappoint you guys but the story of bill clarke being fired is just that. a story. nutten nuh go so. woukd have been nice though as he was one of the most vocal of early olint detractors.
d_silver_lining said
I was talking with a lawyer lastnight (just a friend, not planning any legal action as yet guy’s) who say’s that Cliff Hughes “Nationwide” could be in for a serious law-suit if D.S decides to prosecute, as this can/did have a damaging effect on him and his business. Maybe Cliff realized this, that’s why there was no mention yesterday of the email again.
Cliff better lookout for letter from Lord Anthony Gifford!!! He need to get the $$ from somewhere to pay us hahahahahaha!!!
Overchill said
I’m hearing from more than one person that NCB will be running into problems shortly. Anyone that have any funds they want to hold onto would be advised to get them out in the next couple of weeks if possible. The smelly stuff is about to hit the cooling appliance people.
Opportunity said
D_Silver_Lining
Ahhh….. the power of the blog.
You should remember that this blog is where Nationwide and the other media houses do their indepth research. So if it is on this blog then it will be in the media. So if you hear it on the media it is thanks to you.
Bizbabe said
Bill Clarke don’t know seh him fired !!! I am cracking up!!!
Scott said
Something wrong with Nation Wide?
d_silver_lining said
I got the “sexual harassment” info from a Bank Manager…but the general public will never know this case, it will def. be covered up!!
Olint-for-life said
Nation Wide news just reported that Bill Clarke has denied that he has been fired, and that it is business as usual at the bank.
Nation Wide said however, that they got it from authorative sources and is sticking by their story.
Olint-for-life
Bizbabe said
Or is it because he sent back Olint’s check?
Just speculating. Anything possible in this Blockbuster.
RedP said
Didn’t I tell you earlier that my spiritual daddy prayed that all who bruk out and hinder olint and supah d fi try lock him down MUST fall??
WELL SEE DI FIRST ONE DEH!!!!! MEMBA MI TOLD YUH!!!! GOD NAH SLEEP!!!!! WATCH AND SEE!!!!!!
d_silver_lining said
Bill Clarke fired for “Sexual Harassment” this is the 3rd suit brought against him & the bank…the 1st time BNS paid for it…the 2ns time B.Clarke paid for it…the 3rd time “the bank doesn’t give a Sh_T!”
Bill Clarke is a pompous assh*le…that’s one character I never liked!
RedP said
Today is a GOOD day, I feel GOOD!!! I am BLESSED !!
I wonder if Ms Schnoor going get him job?? Maybe the white boys a Canada want a white gyal!!
There seemed to be speculation on Emily Crooks show that it may have something to do with the DB & G deal. Dont worry, Cliff and Emily will find out wah gwaan. Mi haffi respect Cliff still even though mi nuh like how him deal wid Supah. Mi respect Elon too. Btw yuh know that them read the blogs!! Drivah!! Ah so yuh back broad iyah??!!
BTW FYI, all you sisters that drive 07 & 08 CRV’s. Please be careful in the plazas especially on Constant Spring Rd from Kings Plaza going down.
Two men are targeting women that drive these particular vehicles and are hijacking the cars, be on the look out for a white or silver Toyota Caldina that parks beside or near you at the same time. Pleae becareful ladies.
I would love to know how you guys do all them different kinda faces!! Look pon opportunity’s devil face, man all mek smily wid shades and smily weh laugh. All mi can do is smily and saddy!!
Bizbabe said
RedP,
For those of us not in JA — Why was Bill Clarke fired?
J.A Yute said
RedP,
Where can I locate that news on Bill Clarke?
Opportunity said
K,
How is the web site going?
Iclosedmyncbaccount.com
Opportunity said
Can we get Hylton fired too..
G-Man said
Breaking News
Bill Clarke fired with immediate effect.
Opportunity said
Red P………What What What!!!!
RedP said
Good Morning brothers and sisters!!
GOD NAH SLEEP!!!!
WILLIAM BILL CLARKE DISMISSED FROM BANK OF NOVA SCOTIA!!!!!
NCB SHARE PRICE FALLING!!!!!!!
THE PLOT THICKENS!!!!!!
IF YOU THINK GOD DONE YET JUST WATCH AND SEE!!!!!!!
KEEP PRAYING YOU PRAYER WARRIORS!!!! THE GATES OF HELL SHALL NOT PREVAIL!!!!!!
RedP
FuzzyOriginal said
Roger@1159
Some of us here started an account in June when they had lowered their entrance amount to $1000 and some even before. Seems safe because they are the traders but your money is with Oanda. In this high risk arena, it is as safe as it will be. You will win and you will loose. However, the beauty with this is that uou can withdraw your money when you want. Conclusion: spread your risk. Forex is my high risk investment. You can live off the interest if it makes money, but don’t put yourself in a position that you have fi jump when it flap.
InForTheLongHaul said
Flier @1196
I might sound crazy, but if Lint scrape through this drama, I would leave what already there wid dem. Mi did always plan fi leave di money wid dem for a few years an neva really plan fi use it now although mi was drawing out capital likkle likkle. Was always a long term plan fi mi. Dis a mi one high risk investment. Anyting else inna di so called safe investments
fyier said
20 years of marriage is quite an achievement omedeto (congrats) smoked marlin & pepperjack cheese on ritz crackers…lawks dat sound stush… my hole time favrite is Jamaican caviar with crockers i.e solomon gundy and exelsior water crackers…
Ok with all that is going on, it seems that there is no where to turn for an investment with steady attractive returns. real estate, fx, stocks, even the the 2% interest-paying banks are blank blank right now. not that we have any money (cuz the Feds sitting on it) but even if we did, where would we put it? Question: if either Lint, Family or not so wise scrape through this drama, would you still invest with them? or would you put your funds elsewhere? if so where.
Comment said
Thought for the day >
” Living at your full potential is to discover the power of your thoughts and words. Whether or not you are aware of it, a war is raging all around, you and the battle is for you mind.
It is not wise to gather together all the unpleasant recollections of a past life, -its iniquities and disappointments, -to talk over them and mourn over them until we are overwhelmed with discouragement.
Comment.
Comment said
Correction *****
I have already began to fine myself doing and getting back to the old things I normally had forgotten because of the **Hype** surrounding Olint and the money I had invested consumed me. Life goes on we are still fairly young, smart, articulate people that can still manage to survive and find things to do to accommodate the present situation.
SEARCHING said
RedP – As I read comment 1186 I am deeply moved. In everything give thanks, the devil is a liar.
Comment said
# 1186 Beautifully Said sir I agree.
N.B
I have read the latest Gleaner Article and think at this point that anything else said is speculation until we hear a direct statement from the Olint and there Attorneys. There words below.
“Once they (the legal team) are able to assess the true situation, in terms of what is happening, a formal statement will be made on the situation,”
It would be great for us to change the topic about money at this time as it seems to be consuming us and making us more *Bitter more * Selfish* more* Miserable* more Excited* more Vulnerable and the list goes on we have to settle in and try to deal with life as it is right now until further assessment.
I have already began to fine myself doing and getting back to the old things I for do the **Hype** surrounding this and the money I had invested. Life goes on we are still fairly young, smart, articulate people that can still manage to survive and find things to do to accommodate the present situation.
It would be good to see the bus take another direction until the assessment is completed, we might need a new name or something, but I think we should be all trying to help each other find what ideas we can start on in business, careers, and anything new. Lots of us are very smart we can bring a few ideas to life and it might be a great way to share the spirit of invention. How many have an idea for a new project maybe we could share that home many are great cook we could share recipes, how many are good doctors, how many are good business people, how we all got started.
All the best for now and lets start a new road map to success.
Peace.
.
Rabbit said
Totally agree with you RedP. Much more to life than $. We have a lot to thank God for. It is time to focus on that.
Will be dropping in on the bus less. Appreciated being part of the 4 family.
God bless you all.
Get Rich Or Die Tyring said
driva dis ya bus ys more dan hot, di a/c bruck dung, di tiya puncha, di window dem naw open, no gas nuh inn ya, lawd mi nuh know how dis 1 aggo guh!!!
InForTheLongHaul said
RedP @1186
Great to hear you had a wonderful celebration in a beautiful setting, surrounded by the ones you love. I pray that you have another 50 (at least
)blessed years together.
You treasure the best things in life, given by our Lord and that money cannot buy.The most important thing in life ( nice yuh did have likkle cash fi do it in style still. lol)
I feel honoured to know everyone here in in our cyberspace family too – although mi a nuh chat to yuh often (mi a di quiet sista in di family).
hope to meet you too some day.
God bless
IFTLH
Leaving Babylon said
Floridan – You still holding out? armourytrust at gmail dot com
Leaving Babylon said
Strong RedP – hope to meet you some day
RedP said
View from Mona dam to Old Harbour, Moonlit night, white wine and rose`, smoked marlin & pepperjack cheese on ritz crackers, Mum, Dad & my beautiful wife. destress mi brain. What better way to celebrate 20 yrs of marriage?? Mi a live life nuh true??
Life not over yet my beloved friends. There’s more to life than money. whether it deh pon paper or the real goongoo inna yuh hand. There is more to life than money. The finer things in life you will find money absolutely cannot buy.
The love of your spouse, the hug and kiss from your child, even the trust from your dog, puts things in perspective. There is more to life than money.
Amidst all the hardship I consider myself privilidged, blessed, highly favoured, and find that life, no matter what it throws at you, is still good.
I nave to tell you guys that even though I have never met any one of you I feel that I have known you all for a long time and I feel a bond and one day I hope to put a face behind the name.
Much Love
RedP
bigson said
we shall over come over come
Jcan said
Regarding MayDaisy, for what it is worth, a friend of mine who worked with Ingrid during her ‘working in IT’ days feels as strongly about Ingrid’s honesty and integrity like OL4life feels about DS….He said the Ingrid he worked with THEN is no robber and she is no thief and strongly believe investors will be paid…..So let us continue to pray and LET GO AND LET GOD.
debby said
http://go-jamaica.com/news/read_article.php?id=2762
another article in the gleaner about May Daisy. They are about a week late.
afbfxt said
When I found out the Lord Anthony Gifford was defending Olint I went to wikipedia to learn more about him. It had at least 5 pages of information about his qualifications and all the wonderful things he has done for human rights. This speaks volumes about David’s character. A morally bankrupt person like Michael Lee-Chin would never associate with an attorney like Lord Anthony Gifford.
The problem is that I viewed the information about Lord Anthony Gifford earlier today and now there is barely 1 page of information on him.
Strange things going on. Who knows how high up this goes.
jonothan said
would the above explain what is taking place down at turks?
PipUNIT said
That’s great Flordian. LOL.. Gunman LOL. But yes positive. At this point we must stay positive. I believe we’ll get our money with interest as well.
Floridian said
Pip…
That is exactly what mi hear… Can you imagine that?… Them a investigate to see if Jamaica have terrorist???… If I laugh mi a go ded…
We pass that terrorist quiz… Cause a must quiz that cause a couldn’t test or exam that… Anyway, we pass that quiz wid flying colors… Well a so mi hear and the funds supposed to free up now.
Now if it was a test bout gunman… Well… It wouldn’t even mek sense fi write wi name up at di top a di test paper… Cause is a zero wi definitely woulda get pon dat deh test… That is a definite failure… No question about that.
But I must re-iterate… Mi nuh know how true the story is… But at this point, it will do mi cause me a pray and hope say this story is true… God know… Mi can’t tek di up and down business no more… One minute is great news, the next minute is devastation…
Good bad, good bad, up down, up down, left right, left right… And nobody nah come STRAIGHT!!!
PEI said
Dehustle i see you talking bout the landrover and 23 million dollar townhouse posse, and there is also the yatch group and the Bimmer x5 group. Mi hear nuff have to sell or order cancel.
Floridian please keep working on getting confirmation about if there is REAL MONEY.
PipUNIT said
Floridan i spoke with someone at Lewfam and they kinda said the same thing that the US Gov had stopped some of his wires. So what you are saying is they are holding it up for a investigation just to make sure it’s not tied to terrorist? Which he can past that test easily. Is this what you’re saying.
Floridian said
People…
I must repeat… This is a source me a use fi di first time… The info I got from him sound like it should be under the hear say category and filed in the Grain of Salt folder…
However, the story about funds being frozen somewhere has been floating around for a very long time… And what them say in Jamaica again?…
If a nuh so, it go close to so.
jonothan said
yow, mind how oonu a build up people hopes only fi dash dem yu nuh?
Dehustle said
Re 1170 (Part 2)
Now looking at that way initially gave me some small comfort , But that discovery led me to my next question ? If technically mi draw out a good portion of my original principal
So Wha Mi Really Di Wid Di Money ????? I was fairly conservative , lived in the same house, had the same car and was never a part of the Range rover/23M townhouse posse
and then it hit me even harder (the sense of security I felt because I saw those high balances in O effectively led me to NAM out my savings !!!
So much so that I now saw sums like US $5K as small which in fact is J$350K which is more than my monthly salary
Seeing those balances at O led to me to have a withdrawal and consumption patterns that I would not have taken from my regular saving
So either way pple understand why pple are holding on to hope that something /anything can be recovered,
Moretime
InDeRiver said
Floridian , i hope your news is real cause all the piggy backin club dem nah pay so if the lintels run we can all enjoy august
(september is back to school time)
a time fi load up the jet wid di cash & fly it dung a yard, di wire have a cut ina it ,
Dehustle said
Floridian @1094
In order to maintain my sanity I also had to sit down and analyze my account and not just look at last statement balance
Item A : all principal/ deposits made to date :
Item B: all encashments made to date
Item C: all gains made to date (which I will ignore just for now as paper money)
( I never bothered to do opportunity cost that is interest loss if this money was in a bank as those 2% annual rates are negligible)
The bad news is I am still behind on my principal as A is still greater than B (but that was expected as I made my larger deposits late last year and only withdrew small amounts unfrequently) there ) Surprisingly the gap was much smaller than I had anticipated , I guess those little 2-5K here and there adds up
The Good news is if it ever comes down to authorities insisting that those pple who benefitted from gains pay back others (I don’t owe nuhbaddy nutten as technically all my gains are still on paper )
But what am I talking about it wont come to that ……..Right
Olint-for-life said
Floridian
If what you say is true, read this post I made back on July 7.
#682- Olint-for-life Says (filed under Archive 3):
July 7, 2008 at 12:21 am
I have been doing further online research into the reasons for Due Diligence; particularly the kind which Olint had to undergo over this lengthy and protracted period. Once again, The 2001 US Patriot Act.
From my reading, I find it hard to think how persons arrived at their conclusion that Olint does not have any money, when it is the large sums it is handling that triggered the due diligence in the first place. I personally have no doubt about us club members getting money, just concerns as to when we will get it because of the lengthy DD requirements.
Read the article below, which can be found at the following link.
Olint-for-life
http://www.whitecase.com/publications/detail.aspx?publication=801
US Issues Correspondent/Private Bank Account Due Diligence Rules
February 2006
Financial Services Advisory Update, Vol. 3, No. 1
Kathleen A. Scott
Among other provisions, the 2001 USA PATRIOT Act required the US Treasury Department to issue regulations regarding due diligence and enhanced due diligence with respect to correspondent accounts established or maintained by US financial institutions for non-US financial institutions and private banking accounts established or maintained for non-US persons. In 2002, the Treasury Department issued an interim rule requiring only certain financial institutions such as banks to comply with the due diligence provisions in the statute. On January 4, 2006, the Treasury Department published final rules on the topic. The regulations are effective February 3, 2006, but carry a delayed effective date of April 4, 2006, for new accounts and October 2, 2006, for accounts established prior to April 4. US financial institutions covered by these rules are banking organizations, broker-dealers, futures commission merchants and introducing brokers in commodities, and certain types of mutual funds.
A covered financial institution must establish a due diligence program that includes risk-based policies, procedures and controls “reasonably designed” to detect money laundering through or involving any correspondent account established or maintained for non-US financial institutions, which generally are defined as institutions similar to the US financial institutions subject to the rule, as well as money transmitters and currency dealers or exchangers. When assessing the money laundering risk posed by a particular account, the following factors should be considered:……..
Scott said
Floridian, you think that’s why DS couldn’t talk about anything, if he did, that would be the last time he would be seen on earth…
Yezzirr said
Tito
Did you said you guys in TCI are getting paid??
That in itself is goodnews
Floridian said
Bizbabe…
Yuh a joka bout anagram… And mi know nuff a unnu have mi off as oxymoron… With emphasis pon di moron part (aka the second syllable)
Now as mi say… Is hear say… And mi never even know bout this source from before 5 minutes ago… And him call mi directly and say him hear say x,y and z… Him say that it have something fi do wid possible terrorism and Homeland security freeze certain amount before it could leave di country so them could do them investigation…
Well what mi tell unnu bout Jamaica and terrorism?… Mi say wi nuh have nuh terrorist down deh… Wi have GUN MAN that terrorise people.
Mi say any investigation regarding terrorism we woulda pass that test easy, easy… Cause wi done know that who nuh fraid of injection needle, fraid a croaking lizard… And cockroach… Especially di flying one dem… So me nuh know what kinda terrorist we coulda be.
So apparently them a run fi dem test and what yuh think happen fi mi feel so happy?… Yuh think wi pass or fail?
So try decode that cause mi nah say no more.
Lots Ofmoney said
Tito Says:
July 17, 2008 at 3:52 pm
Skyking fly direct to Provo from kingston for $300-400 round trip, there’s also direct from mo bay for a bit more. Be warned though it’s an 18 seater Beechcraft, if you think this BUS is bumpy last time i went to jamaica i felt like kissing the ground when I got off the plane.
Three commercial banks here, Scotia, First Caribbean and TCI bank, as far as i know you need to be resident here to open an account.
Still got my ear to the ground but no news to report, people I speak to here it’s all hype and will blow over, he hasn’t been arrested or charged.
In regards to the bank issue…..anybody can open an account in TCI…you can fedex your documents to the banks…they have different opening balance requirements….I think Scotia is the smallest with $500.00 US…First Caribbean with the largest…$100,000.00….and TCI….well I just don’t like them…Margo Marsh is the one that handles DS account and she is just too arrogant….
They all pretty much require the same info….
-2 pieces of ID
-2 letters of recommendation…..one from you banker, and one from your lawyer….
-proof of address
…and lots of forms…..
MickyD said
Floridian,
Is there something that you’re willing to share? Even offline?
Bless said
http://www.leap2020.eu/GEAB-N-26-is-available!-LEAP-E2020-Summer-2008-Alert-July-December-2008-The-world-plunges-into-the-heart-of-the-global_a1800.html
Bizbabe said
Floridian
Say it in parables so we can understand
. Give us a anagram nuh!
Overchill said
It’s odd cliff never had any follow up from that amazing story he had yesterday.
Could ncb have gotten a wire for a different amount, and now be saying they never had a wire for $200M.
Floridian said
BIG BIG BIG NEWS MI JUST GET!!!
Although is hear say… But it on di positive side… A very, very positive side.
All mi can say fi now is… Thank you Jeezas!!! Praise di heavenly Fadda!!!
Bless said
Read
They predict the crash of a large bank in US which turn out to be true
http://www.leap2020.eu/GEAB-N-19-is-available!-International-banks-get-dragged-into-financial-crisis-black-hole-Four-triggering-factors-of-a_a1075.html
Now melt down continue
http://www.leap2020.eu/GEAB-N-26-is-available!-LEAP-E2020-Summer-2008-Alert-July-December-2008-The-world-plunges-into-the-heart-of-the-global_a1800.html
Floridian said
You know somebody mentioned something about this last night that the US don’t want all them big money leaving their shores to go to these off-shore places… In other words, them nuh want fi dem money go nowhere else than to stay in America…
Mi nuh know… But with all this talk bout $750 million pon trading platform and $200 million a wire go somewhere that none a wi can confirm… I’m sure the US financial big man them might be trying to stop it.
RSI said
go antigua. That is a very smart response to waive intellectual property rights for US companies. That should get the US’s attention for sure
rodger said
hi to all of you,
can anybody give me some information about rove capital.
Is it save to invest there?
what you guys think about it?!
thanx
rodger
Olint-for-life said
On another note,
Do you follow the WTO dispute between Antigua and the US?
I find that there is an obvious similarity here, in that funds are leaving the US shores, and they don’t like that.
Read the full article here:
http://www.iht.com/articles/2007/12/16/bloomberg/bxgamble.php
Online gambling dispute goes far beyond Antigua and U.S.
By Lorraine Woellert Bloomberg NewsPublished: December 17, 2007
WASHINGTON: The refusal of the United States to comply with a World Trade Organization decision on online gambling is threatening to undermine the entire set of rules binding the international trade system.
The WTO is to decide soon on a demand from the Caribbean nation of Antigua and Barbuda for $3.4 billion in annual compensation from the United States, whose law banning Americans from wagering on Internet gaming sites was ruled illegal by the WTO in 2005.
The implications of the case go far beyond Antigua, a nation of 69,000. That is because instead of rewriting its gambling laws, the U.S. rewrote its trade rules to remove the issue from the WTO’s jurisdiction. The prospect that other countries may take a similar tack if cases do not go their way has alarmed the international trade community.
“This is by far the most significant WTO case ever,” said Naotaka Matsukata, a policy adviser in Washington with Alston + Bird and a former U.S. trade official.
Meanwhile, Antigua, which has rebuffed U.S. overtures to settle the dispute, wants WTO permission to waive intellectual property protection on digital software and entertainment so it can collect its compensation. That is raising alarm among trade associations that represent companies like Microsoft, Universal Pictures and Warner Brothers, as well as among industry groups like the Recording Industry Association of America.
“Antigua literally is the mouse that roared,” said Robert Lighthizer, head of the international trade practice at Skadden, Arps, Slate, Meagher & Flom.
Floridian said
Olint-for-Life…
Link mi off di air at:- olintinvestor AT gmail DOT com
In fact… Anybody that want to link mi off di air… Is my link that cause wi done know bout the 007 and double-agent business that rampant pon di two bus dem
Mr. Söze said
So is back to BOJ again…I was always encouraged by the BOJ announcement though….and I still think there was some big money somewhere that was attempting to get into the island….and as for the court order…I still find it strange that NCB coulda have such flagrant disregard for a supreme court finding…and now they have put their own necks under the guillotine…because after making such a public statement, if it ever turn out not to go so…down comes the blade….
-Söze
ray in ja said
HAVE TO ADD MUH PIECE. IF DE BLASTED TIEFING BANKS DEM NEVA TEK WE MONEY AND RINSE IT GIVING US NO INTEREST BUT SAYING AT THE END OF EACH YEAR HOW MUCH BILLIONS DEM MEK – ALL AH WE WOULD NOT HAVE TO TAKE HIGH RISK. IS ALL THE RICH/MIDDLE & POOR NOW SUFFERING SAME WAY. BUT NO GOVERNMENT OR FSC OR BANKS CARE WHAT HAPPEN TO OUR MONEY OR THE LIKKLE MAN AND WOMAN DEM. DEY JUST WANT TO SHUT DOWN THE OUTSIDERS. BUT ME TINK IS DE BIG BWOY DEM WHO RINSE DEM MONEY LONGTIME DRAW OUT THEIR MILLIONS AND PUT A RUN ON THE UNREGULATED SCHMES. PLEASING DE BANKS (SEE DEY DONE OVERSEAS TOO) TO SHUT DOWN ALL THE HIGH RISK INVESTMENTS BECAUSE DEM BANKS LOSING BIG TIME AND NUFF POOR PEOPLE LIVING BETTER LIFE. EVEN THOUGH CARLOS HILL WAS A LIARD AND A TEEF – IT WAS WORKING – BUT WHERE ALL DE MONEY GONE. WHY DEY WHO CLOSE HIM DOWN DOH SEARCH FOR THE MONEY INTERPOL STLYLE BUT DEY DONT CARE ONE SHIT EXCEPT FOR DE BIG BOWY DEM! WE HAVE TO SUPPORT EACH OTHER, PRAY, KEEP THE FAITH AND HOPE THAT THINGS QUIET DOWN. BUT WHY WE DOH DEMONSTRATE AS DE PEOPLE WHO CLOSE DEM DOWN SHOULD PAY US BACK WE MONEY.
Olint-for-life said
Patricia
Have we considered the dire implications to our financial system if David is correct about the wire, and he produces the info?
Just imagine what this would do to the credibility of our bank system.
I think things are at a delicate stage and so we have to remain in a wait and see mode.
Olint-for-life
Floridian said
Well Cliff Hughes and Nationwide never mention nothing bout bout the email story they did yesterday… They have a clip from an NCB man saying that them nuh know nothing bout nuh $200 million wire… Them never hear bout it, so them couldn’t report it… Also him say that they are legally bound by court order to accept funds from Olint…
So now… Where that leave us???… If Olint-for-Life post is true and that wires into the country pass through BOJ first… Then they notify the bank that it is to be forwarded to… That means if money did really send…
And let me repeat… IF MONEY DID REALLY SEND… Then it must be on BOJ ends that it get hold up… Nuh true?
So is this really true?… How can we determine if is really so it go?… Any BOJ links?
And what was that meeting between Finance Minister and WOLF about???… Yuh nuh remember?… The one where WOLF say him not taking it inna him bank and walk outta di meeting?
Why would the Finance Minister and WOLF be meeting anyway?… Something bout that picture nuh look right.
We need some proof of if any wire did really send to BOJ… Is that mi want right now… Cause if that can get confirm, then at least we know that $200 million at least exist fi send.
Tito said
@ Patricia, i think he said the report was made here, not specifically by a local
ym11011 said
Honestly, thats strange about the NCB saying not aware of $200million dollar wire, because i have a friend in NCB who knew about a massive wire transfer from OLINT before all of this happened. And told me, OLINT was sending alot of money via wire before all this happened.
I really dont trust NCB now..or anybody.
Patricia said
Calls for proof of funds wired have been called for repeatedly since we have been hearing that funds were wired to JA…where is the proof…where is the email from Olint to members that was promised after the email late sunday night?
Patricia said
Dave garcia from NCB, on Nationwide, says they were not aware of any wire of $200M to Olints account and that they did not alert any authorities or file any report. they claim tom refuse funds for deposit would be in breach of the Court order to keep the accounts open.
Also the Dep Comm of Police in TCI said that the report that initiated raid on O in turks was from reports made by locals and not from outside
waiting in the wings said
Mi like floridian farmula cus mi put in aall a mi money december and no get one red cent
Also i email the support note to them till i weak mi jus keep clicking send:-).
Tito said
Yes and I’m grateful for that, will still let all know if I found out anymore.
Patricia said
Tito everything is happening fast and furious. At least you guys have been getting paid.
Olint-for-life said
Guys, I am still here.
Try to be strong, trust me, we all need it.
I too am doing my investigation, so thanks to all who has shared useful info.
Just got this info from my banker friend.
Did you know that when money is wired into Jamaica, it first goes to BOJ (central bank). BOJ would then notify the commercial bank that a wire is there for them.
However, the commercial bank can reject it for “plausible reasons”, which can result in it being held by the BOJ until clarification is received, or the WT returned to sending bank.
Thought you would like to know.
Olint-for-life
Tito said
No problems with payments.
Tito said
TCI FX is closing down.
Bless said
Lots of Money, #1112:
Finally someone is getting the picture, NCB had stated according to court document that Mellon Bank was the one that ask them not to deal with Olint, Now I did some research on Mellon Bank, The Mellon Bank is part owner of the Federal Reserve see link – http://www.save-a-patriot.org/files/view/whofed.html
So this this big big big
K said
well one gentleman on the renegade blog is saying to watch TVJ later on. The local folks will report I am sure. Later ya all
Tito said
If it goes that route I nominate Floridian to be receiver, i’m sure you’ll charge a fair rate for your efforts
jonothan said
my bad, what i meant was US$50k per day.
Tito said
True Floridian, if it goes into receivership, the receiver gets paid first, Government revenue services paid second, staff wages third, banks fourth if there are any loans, and investors last on a first come first served basis.
K said
If O goes one more week and no release to members I am going to have to throw in the towel..that’s just me…..
Floridian said
Jonothan…
I heard the Cash Plus receiver was charging US$20,000 PER DAY!!!!!
By the time him finish sort out that, him would a take evrything that left to pay himself… I don’t know if it is true, but that is what mi hear him a charge to do the work on Cash+
I hope that if it reach to that stage where a receiver needs to be brought in for Olint that them nuh hire nuh THIEF that a charge US$20,000 per DAY!!!!
Tito said
could be a ruse to buy time too….until it goes to the court of appeal…and then the privy council.
jonothan said
hope this isnt a waste of money like the olint/ncb saga. kinda reminds me of the story of cash plus receivers being paid US$50k to do what i dont know while the investors get a big fat zero.
K said
somebody gotta pay for those expenses….well while members are still in the dark yet again
Tito said
Impressive resume, looks like DS is bringing out the big guns.
PEI said
http://www.gtbjamaica.com/index.html
This is his firm site is a englishman
Tito said
Think about it, he’s hired this QC, but he hasn’t been charged so no need to defend himself, so he must be trying to get his assets unfrozen. So there are assets to unfreeze…interesting times ahead
Tito said
Anybody know anything about this QC he’s hired?
Floridian said
PEI…
Yuh late wid di movie thing… Mi done copyright dat from yesterday
Anyway… Like yuh say… Tito is di real link fi wi done deh.
Tito…
Watch him good good… Get a note pad and document everything… And when mi say everything… Down to what time him brush him teeth to di name of di tooth paste him use…
So Lord Anthony Gifford deh pon di case… Well… Wi done know say him a di top of di top-a-top law man dem.
Tito said
Skyking fly direct to Provo from kingston for $300-400 round trip, there’s also direct from mo bay for a bit more. Be warned though it’s an 18 seater Beechcraft, if you think this BUS is bumpy last time i went to jamaica i felt like kissing the ground when I got off the plane.
Three commercial banks here, Scotia, First Caribbean and TCI bank, as far as i know you need to be resident here to open an account.
Still got my ear to the ground but no news to report, people I speak to here it’s all hype and will blow over, he hasn’t been arrested or charged.
PEI said
Tito listem mi .. yuh still on duty fi stake out him house and thing cause you are our point man at ground zero? Yuh like my movie talk
Next time yuh file your report just say this is Tito live from Ground Zero
PEI said
Question if is only DS assets them frozen in TCI and we keep hearing money is there somewhere ,me dont know that is the mystery, then how comes then cant start fed ex out drafts to people? if it was me and I could personal contact DS I would say pls dont send a draft or wire Just prepare the draft and me will fly to turks and pick it up. I would then use it to open an account right there so in Turks.
Tito what are the requirments to open bank account in turks? In fact I would open account in the same TCI Bank that O bank with down there. Why Them cant arrange up that for the members who want that?
K said
Tito….I agree with you…if he were guilty boy he must be foolish to hire such an attorney….unless he’s just planning on saving his own skin….he would run like Sam Israel tried to do.
Stay tuned the movie continues right here on the #4 bus
d_silver_lining said
Heard that O’s offices will be opening up again nextweek, not 100% sure if it’s to the public though.
Tito said
You’ve got to hand it to him, he hasn’t been arrested and there are no travel restrictions on him, even if there were it’s not hard to leave here with a chartered plane, yet he’s staying on and fighting.
He could have disappeared a LONG time ago.
K said
Welcome a new character to the eye popping movie “One man against the world”
Mercury Vapor said
Olint head assembles legal Eagles
http://www.radiojamaica.com/content/view/10050/26/
Bizbabe said
Floridian,
I don’t know what to say. I feel like I am in Carib watching the blockbuster of the year!
BTW I am in Florida too.
Floridian said
Bizbabe…
Question fi yuh… Can we now say that Wachovia Securities is a Ponzi scheme?
What about IndyMac?… Fannie May?… Freddie Mac?… They are all Ponzis too?
Opportunity said
Hold on Hold on Hold on!!!!
People, a wander if unu know what the hell is really going on. A big big sinting a gwaan yah. This is bigger than big.
Bizbabe said
I wonder if there is any connection between the Wachovia Securities raid and Olint? The investigation leading to the raid has been in effect since April. Wachovia since April has not complied with all the regulators’ requests. Interesting!
Floridian said
Leaving Babylon…
Under my plan, your corner look dark for real… So basically what you are saying is that you put in $100,000… Them say it reach $200,000… So then you took out $100,000 for the ministries and orphanage… And now you are thinking that you still have $100,000 in there making interest.
Well by my formula, you really have zero.
100 in, 100 out = 0 balance… The extra 100 you thought you had was imaginary/fake/on paper money.
Sorry boss… Not making joke on a serious thing, and I know you must be fretting… Hang in there… We never know what is going to happen… It was just a suggestion I was putting forward, but I’m not the auditor or receiver.
Tito said
http://money.cnn.com/2008/07/17/news/companies/wachovia_raid.ap/index.htm?cnn=yes
Floridian said
Hold on deh… What yuh saying?… Them just raid Wachovia?… Hmmmm… The plot thickens… Nuh Wachovia at one time it was said was doing due dilligence… And nuh di same Wachovia the WOLF have links wid???… And nuh di same NCB that did have J$27 million in an account for Deedo Nembhard… An alledged drug link pin according to President G.W. Bush?
So NCB could be implicated in doing laundry for drug dealer then?… Nuh true?
Cowboy movie say, “When yuh dig grave, dig two”… Mr. LeeChing… Yuh see what yuh cause now?
So my question is… How come Jamaican authorities nah raid NCB since them have drug baron money in deh?… An is not nuh likkle drug dealer… Is one of the WORLD’S DRUG KINGPIN according to the US Authorities.
Just a ask…
When yuh stir up ants nest, prepare fi get bite.
Bizbabe said
Yes LOM. Also raid came about because people complained they were unable to access their funds from Wachovia.
Lots Ofmoney said
just posted and saw the two comments before mine….interesting….
Lots Ofmoney said
Morning to the board….and congrats Redp on 20 years!!!…awsome..
….my thoughts on what has been happening….this is all assuming that the Raid and the email has been orchestrated…
“The Olint Brief”
After listening to the recent reports on Nationwide and David Smith’s rebutal, I have come the conclusion that both Cliff Hughes and David Smith are telling the truth…what I mean is, both Mr. Hughes even though I don’t know him personally , I feel would have done his proper investigation on the authenticity of the email….before reading such a damning email over the air waves and especially again for the second time after David Smith asked him not to read it and denying that he was not the author of said email…..he would not have done so if did not feel that the info that has been given to him was authentic….with that said,I feel if DS was guilty he would not have called in so quick to refute it (within 30 minutes)….what he did was a basic primal instinct to defend his character and integrity…..what we need to be asking ourselves is this. If someone or entity did orchestrate this raid on Smith’s house and now this email….who or more specifically what organization would and could be powerful enough to carry out such a diabolical plan????…..I know we’ve always been looking to NCB for this….but I think it is way bigger than NCB….I think it is Wachovia/Oanda….with the recent fallout of the US economy resulting from the mortgage crisis…banks are in serious trouble….and now we see two more…Fanny May and Freddie Mac…the US economy is on a serious downward spiral and I feel that at the end of the day Wachovia has been delaying the payments from to Olint and hoping that he would eventually fail….how much money does he have on the trading platform…..at least 500 mill no???….is it possible that they reported him????….I know for sure the money is there….senior members saw bank statements a few weeks back….what a mixup and blenda…..
BREAKING – Analyst warns on Wachovia – Yahoo finance – IS WACHOVIA NEXT? Quote
Analyst warns on Wachovia amid more bank worries
Tuesday July 15, 9:59 am ET
Analyst calls situation bleak for Wachovia as jitters about the banking system continue
NEW YORK (AP) — The situation is increasingly bleak for Wachovia Corp. and the bank’s mortgage portfolio will continue to lose value, “seriously jeopardizing” the company’s ability to generate earnings, an influential analyst warned on Tuesday.
The latest note of caution came as the government moved to reassure people their money is safe in the nation’s banks. Yet fears about the system persisted and financial shares were broadly lower Tuesday, signaling another tough day for the stock market.
Federal Reserve Chairman Ben Bernanke is scheduled to brief Congress Tuesday on the economy, which has been walloped by high energy prices and fallout from the housing slump and credit crunch. The testimony also comes amid a backdrop of rising oil prices and a slumping dollar, and as stock markets overseas tumble amid worries about the U.S. financial system.
Bernanke will also specifically address a rescue plan crafted over the weekend for mortgage financiers Fannie Mae and Freddie Mac, which hold or guarantee more than $5 trillion in mortgages — almost half of the nation’s total.
On Monday, shares of U.S. banks and financial companies swooned on concern that the government plan to shore up Fannie and Freddie would not be enough to keep them from failing, which could undermine the U.S. and global financial system.
National City Corp. shares fell nearly 15 percent on rumors of financial trouble, even though it said it was experiencing no unusual activity. Washington Mutual Inc.’s shares fell 35 percent amid worries about whether it had enough cash to handle the mortgage market downturn. WaMu said that it did.
Depositors lined up outside IndyMac Bank branches on Monday to pull their cash out after the savings and loan’s assets were seized by the Federal Deposit Insurance Corporation on Friday. It was the largest bank failure since the collapse of Continental Illinois in 1984. It is estimated it could cost the FDIC between $4 billion and $8 billion out of the agency’s $53 billion insurance fund.
In Asia and Europe, lack of confidence in U.S. regulators’ ability to contain the problems sent shares tumbling.
Oppenheimer Co. analyst Meredith Whitney added to the concerns in downgrading Wachovia, citing a “very real scenario” of declining assets and rising losses. Whitney is closely followed after a series of sharp calls during the credit crisis about troubles at other banks, including Citigroup.
Wachovia shares fell more than 14 percent in early trading, while National City shares also dropped 14 percent. Shares of Fannie Mae and Freddie Mac both fell more than 15 percent, and Citigroup and Bank of America both shed 5 percent.
But the government’s top bank watchdog went on television to ensure people their deposits were not at risk, despite the brewing crisis.
“Insured deposits are absolutely safe,” Sheila Bair, FDIC chairwoman, said in an interview on CBS’ “The Early Show.” “The banking system as a whole is absolutely safe.”
[link to biz.yahoo.com]
Bizbabe said
Was trying to post the link to the Wachovia raid on cnn. Go to cnndotcom if you re interested.
Bizbabe said
The plot thickens. I am watching CNN now. Regulators just raided Wachovia securities.
PipUNIT said
The US GOV has gotten involved is what the lewfam rep told me. They are blocking the wire from anything coming into the USA. DS tried to send some to Lewfam and USA gov blocked. No precentage for June and Possibly July. Could take 2-3 months before it’s over. They said the money does all exist and we may earn a small precentage while it’s tied up. DS may get some other traders to produce a small gain during this time, trading the money that’s not frozen.
jonothan said
i am sure the concensus is that we are not going to sue anybody and besides that it is out of our hands so let us just sit and watch how the thing unfolds. most of what is said here will not affect the price of cheese so less clutter would be appreciated.
CP said
wrong link… I was sending that one to a friend to read…
See the NCB denial here
http://investforlife.wordpress.com/2008/07/17/ncb-said-there-was-no-200m/
Tito said
new bus?
CP said
Let’s be logical here..
1. NCB issues would only affect clients in Jamaica. NCB deny the wire. DS can’t say that NCB is lying, his lawyers can’t file an action. Something not right
2. What is the reason for clients out side of Jamaica?
GeoTrader, NCB PR team or ‘MCL son’ according to some people, say no $200M wired
http://investforlife.wordpress.com/2008/05/27/a-forex-club-to-a-ponzi/.
Leaving Babylon said
Floridan – I understand what you’re saying but your formula is a death sentence to people like myself with piggybackers. The money I pulled out was not principle, they were interest payments to three ministries including one orphanage. If you were to look at my overall statement it looks like I pulled all my principle, but actually I have yet to pull anyone’s principle, because they were due February, which never materialized. I know you understand – just venting.
Geotrdr said
@1080
K,
Maybe you should check out the FX Traders section of the board.
—————————————————————————————–
The dust has not even begun to settle on this….not even close. Lies, Hear say, Feds, Feds in another country, fighters, who knows whats going to happen. Most people can do is sit tight. OR figure out other ways of being productive and recover with those ways. If the O money come through then great. For the small/average investor….yeah it hurt, infact it hot nuh _ _ _ K! People can dwell on this or figure out another way to recover. Maybe sell some of the crap we bought with the “good times money”. Hope for the best plan for the worst because we have no clue right now.
PS
MR. MLC! You need to fire your PR Team. Are you not supposed to have the best of the best? Or you don’t care?
jonothan said
here is my take on the whole thing, mi money gone FULLSTOP !!! if one day down the road i get something back i would be extremely grateful but if i dont i wont be overly disappointed as i had already resigned myself to whatever. the unfortunate facts are staring us in the face folks please stop this torture.
PEI said
DS need to pay back those who dont get anything at all. pay them back there initial amount. Right now is dog eat dog, and the pigs must also be fair and make sure your piglets who made rquests and get nothing yet get back something when the time come. All who get back principal and some gains should think about those who join last year and dont get a cent. Pigs be vigilant now make sure you investigate properly if money is really there to pay people. Dont leave it up to just what DS saying get proof. Pigs get lawyer in TCI and JA, also people who join direct in OTCI get lawyer in TCI because people have to protect themself now .please dont just listen to hear say.People get your documents ready. All piglets who pigs got out late 2007 and early 2008 and gave them back there money say thank you father to them cause unu get weh and we have the fight now.
Scott said
I still don’t understand what NCB have to do with overseas members? If money was in TCI, they could have started wiring money…At least start pay out before you send the money to NCB because you know **** was going fly…
Tito said
I agree with Floridian I would concentrate and hope for getting the money you put in back out
Floridian said
ForexGuy…
While I’m sure many of us pleased to hear this news I have my doubts… Now mi nah say Dave tell your pig lie, but in Jamaica as them say… Mouth mek fi chat.
It easier to tell lie pon di phone cause you nah see inna di man face… My pig look Dave inna di miggle of him eye… Right inna di pupil and iris… And while him never say Dave lie… Him say him never feel comfortable with the responses him get from Dave.
So who more believeable in circumstances like that?… One that hear wid him ears over di phone or one that when him and Dave look at them one anodda dem eye dem mek 4?
Floridian said
As for those that get over paid based off of my formula up top… Well… Them get all of their principal already plus some of our money as extra… Me really wouldn’t vex that them get over pay… A so it go… So me wouldn’t pressure them back for what them get…
But…
Them definitely would not be on the list to get paid right now because based on the formula above, they would have put in their principal and gotten it back out already… Plus some of our money on top of that.
ForexGuy said
Hello all,
Got a call from my pig today and he and his friend who have BIG money were on the phone with DS last night. According to him, DS told him that there WAS a wire to NCB, that the wire WAS returned and deemed suspicious by NCB, and that therein lies the source of the problem. Further he said David seems confident that they will get through this because they have gotten through this many times before. As for repayments, he told me that when the issue is cleared up, there will be a couple methods for getting paid, the main one being having to fly to TCI and pick up an actual cheque. I did not really get what the second option was.
There you have it.
I too have been very frustrated by this whole thing, and every day it seems to get worse, but honestly, we just have to wait and see what happens. Personally I think that they are fighting him down, and I can only imagine what his daily life must be like, and what a horrible state of mind he must be in. Call me a sympathizer if you want, but for me it is too soon to be saying that O was ever a scam. Something doesn’t smell right.
Please feel free to boycott all LeeChin products. Personally, I am having my Flow internet removed, and going back to C&W!
Floridian said
K…
You are exactly right… Straight prison or nuff rejoicing.
To be honest, here is my feeling on how the payout should go from whatever funds left…
Say me invested 50,000 and drawdown 25,000 already. That leave me with 25,000 of my original investment. Now supposed the interest that Olint say we was making carry that 25,000 up to 100,000 due to me as of right now.
To how me see it, the receiver/auditor should be able to calculate that is really 25,000 mi still have of my original money…
So is that them should pay me back… Me woulda alright with that cause although the 100,000 look sweet… It really never make… Is lie him did tell and give us fake interest rate… So nuh muss fake money that to???
1. Identify what client 1st put in.
2. Identify what client get paid out
3. Identify what client add on
4. Identify what client get paid out again
5. Calculate the true balance of 1-2+3-4
Forget about interest… That never real… Deal with the real live cash.
So from my example
1. 25,000 originally put in
2. (10,000) withdrawal request received
3. 5,000 more money I added on
4. (10,000) withdrawal request received
TOTAL due to me = 25,000 – 10,000 + 5,000 – 10,000 = 10,000
$10,000 is what is really due to me although the interest rates and compounding say them have $50,000 for me for example… NO!!!… Them have $10,000 of what me put in and what mi tek out.
Now some people going get whey cause them put in and double up and gone already… Well a so it go to how me see it… Them lucky… But for those of us that never so lucky and didda rollover, rollover, rollover and draw likkle bit here and likkle bit there and believe wi have one bagga money based offa interest calculation… Let us just find out the real money we put in, took out, put in again and took out again…
A so me feel it fi do…
RedP said
What a hattaclapse wi a live inna eeh Floridian, jah know. My likkle much is bad enough, my cuz know one family with 15 MIL in there to brown dawg!! Bredda if a mi dat di buttah knife and rope couldnt do, cyanide is more like it!!
Thanks for the link K, I will email it to my wife!!
RedP
K said
Cash+ news so timely
http://www.radiojamaica.com/content/view/10034/52/
http://www.radiojamaica.com/content/view/10043/26/
Redp said
Waiting in wings
Thanks and thats, smithd@ov…etc
K said
Floridian, you never cease to amaze me. with such a recount of events yuh bound to be one confuse soul.
either straight prison or we will all be rejoicing….it’s just that simple. sit back and watch the fireworks with popcorn in hand.
Floridian said
I know how all of us stay with the “sources” thing… But I spoke to 2 different people who have 2 different sources that actually went down to Turks these past few days… 1 source I definitely know and the other I don’t.
2 different dates of arrival, 2 different stories… In fact, they are opposite.
Source 1 who I know personally went down there after the raid had been executed so they didn’t see documentary proof of anything… No wire transfer form, no access to Oanda trading platform, no bank records… Is just Dave word from him owna mouth… Without getting into details, my source came away convinced that the answers he got from the horses mouth were less than convincing… In other words, him never believe Dave… Dave stutter, him walk bout, him couldn’t look my source in him face…
My source conclusion, him don’t feel comfortable at all with the answers he was given and how Dave was acting and how the questions were answered.
Source 2… I don’t know who it is, but mi know who I spoke to and he is comfortable with this sources info… This source arrived down there BEFORE the raid… He apparently has about 2 million tied up personally with Dave/Olint and he came away convinced that everything is fine and that Dave just need to get out of the current predicament… The person I spoke to does not know what this source discussed, what evidence he saw, whether he saw how much was at Oanda or whether Dave showed him documents related to this supposed $200 million that was sent to Jamaica and sent back… Him nuh know nothing bout them things deh… Other than the fact that the source feel comfortable that him $2 million safe.
Mi nuh know what to think… Whether to believe my source that me know personally and look Dave dead inna him eye miggle although him reach AFTER the raid… Or… A source mi know nothing about but apparently have over $2 million invested and did reach BEFORE the raid.
I’m grasping at straws now, but maybe with my source, the reason that Dave did a act so nervous is that him must have been under stress with the raid just taking place… Maybe him under a gag order and couldn’t talk what him want to talk… Maybe him never feel that my source woulda keep him mouth shut… Possible because is about $10 million my source have for people and them would definitely want answers and you know nothing is secret no more… Look how private email reach in the media…
Then on the flip side… People that mi nuh know, but who have heavy dollars ($2M)… Say them not worried…
Mi nuh know… Mi just don’t know what to believe or who to believe anymore because nobody nah come straight wid nobody.
waiting in the wings said
that should have read ‘ it could not have been done by a lukkle superintendent in his office’
happy anniversary Red P sung to the tune of happy anniversary my dear.
waiting in the wings said
Good morning y’all.
I have a comment or rather an opinion.I have gotten over my initial shock and disapppointment and anger over the whole situation and for those who knoy the prayer of serenity it is most applicable now ” God grant me the serenity to …” U know the rest.
This investigation by the TCI government Fact.( what bothers me is that Misick and him seemed tight so who autorised the raid it could be done by a likkle sup inna him office.) aah bway.
No returns Posted Fact
People not getting paid Fact.
People unable to access funds and are at the mercy of Olint Fact.
What im trying to sy is that we the investors cannot do one damn thing. Everything relating to our investment is outside of our control. Not one of us can get our money no matter what we do. Unless things work out we are helpless.
However I have a suggestion. Unless one blogger can tell me i am talking shit then here goes.
Let us support David Smith. Let us send him emails on top of email.to say thanks for what youve done and what we hope you will contine to do.
Lets face the fact people if we lose our money we are non active players in this scheme.
I personally would love to be able to say give me back. But it makes no sense because as PJ did say faget it . It nah go work. Because we have to stand still and watch and pray about the outcome. I dont think negative vibes will help us. and remember lawsuits take forever especially inna jamaica:-)
I know personally know that if it was me inna david situation i would absolutely be strengthened by the support , make that overwhelming suppot of the investors. Remember the fX market nuh crash it is still one of the most viable financial arena. Remember that David smith is also one of the best traders. So a marriage or remarriage of both is not out of the question.
The lang and short of my rant is that we should send thousands of email to david to say thank you and we are faithful supporters, after all he’s still human ruled buy the same emotions that rule us all and comfort and support is something we all love.
By the way is his email dsmith or smithd as i saw inna a earlier post. please confirm.Blessings
Scott said
d_silver_lining, true, I hope David can clear his name.
d_silver_lining said
Scott, wouldn’t you be happy with your investment back?? If he wanted to close after that, so be it. At the end of things you would have still made more than having your funds sitting in your local bank/investment house (depending when you joined the club).
Scott said
LionHeart, he could just give back everyone their money and close down olint…
LionHeart said
D_silver_lining Says,
I am thinking the same thing. If he can and is willing to do that let him…
But no more secret trading, the secrecy is one of the main causes of this mess.
d_silver_lining said
You know “hypothetically” after listening to that email and if it where “true” I would give DS the 12 months to make my current investment back….honestly!! I have a lot invested with O and luckily I don’t live off of it, nor my family and friends that have $$ in there too…so I would be willing to wait the year out, I’ve already spent a few months waiting.
My only demand would be transparency & detail as of now…DS would just have to show, some audited statements, proof of this trading, proof of his team of traders and detailed trading reports.
Just a thought after reading COMMENT’s post @ 1072
K said
JSM – I agree with you and I do trade, granted a small amount I can afford to loose so I can hone my skills and I am well aware of emotions and psychological mastery that’s required. It takes a while to gain that expertise to even be managing millions of dollars. I have also heard Chief say that many of his students and traders who manage money get in trouble form time to time. they turn to him for guidance and at times he helps them out of the rough patch. So make no mistakes I do firmly believe Chief has somewhat of a cartel-like role in the FX mushroom in recent years. The NFA audit, no matter how tainted it maybe alludes to that. Jamaican traders had money with him trading. DS admits to giving MTi our money to trade as well. So Jared isn’t as innocent as he would like me to believe. I respect the guy but thinks he holds back a lot of the times.
Comment said
Hang tight Jim, I have $ 250,000 there also waiting for an outcome.
Thank god we still have a group here that gives support.
peace
K said
MTI / FxChief has his next class scheduled for August 14th 2008 in Jamaica.
Thats almost 1 month away if we are still asking questions at that point Fxchief needs to step up to the plate and field some questions.
Tito said
Either way this thing is far from over
Tito said
@Jim 3m is what you put in, or the total amount after monthly gains?
JSM said
@ POST # 1061:
K, DAVID SMITH THE MAN HAS NOT CHANGED. FOR THOSE WHO HAD CONFIDENCE IN DAVID SMITH BEFORE THAT SHOULD NOT CHANGE. HAVE YOU EVER TRADED? I DAY TRADED ON THE STOCKS IN THE IN THE NINETIES, ACTUALLY UP UNTIL 2002. NO MATTER HOW GOOD OF A TRADER YOU ARE WHEN YOU MAKE A LOST YOU ALWAYS FEEL YOU CAN MAKE IT UP ON THE NEXT TRADE. YOUR EMOTION TAKES OVER THEN. AT THAT POINT IT BECOMES LIKE “GAMBLING”. YOU ALWAYS FEEL YOU CAN WIN THE NEXT HAND. YOU LOSE AND THE CYCLE KEEPS ON REPEATING ITSELF.
“IF” HE WAS MAKING MONEY INITIALLY, AS A MAN, I DONT BELIEVE THAT DAVID SMITH CHANGED. THE WAY HE WENT ABOUT TRADING THAT MIGHT HAVE CHANGED BASED ON PANIC. I HAVE BEEN THERE.
Jim said
ok….just fustrated
Scott said
Yeh Jim, K is right, lets not rush to conclusions yet…
Comment said
Hello Guys.
At this point I am really not concerned about Emails because it tends to shift focus and even if it’s so what will come out of it? That he was having a difficult time trading. Everyone knew including myself it was risky. If he intended not to correct it then I would be concern.
What I would love to see at this point in time is David trading his A*S off now to try to repay as many investors as he can with whatever cash is available as this investigation continues. Please don’t forget that he is not bound to a chair as the commissioner stated. He is free to take care of his regular business.
I am assuming that the money that ***NCB*** is speaking of in there accounts is money that is currently being sent from traders just my thought? Or to pay employees their salary. The only difference I see with David at this point is that he is still a Trader and that’s a skill you cant just take away; If he has no **Business skills well that does not show you can’t trade. I think he really got over his head with clients, friends and other things I would imagine and the business aspect of things, which should have been dealt with by a MBA Grad. So if he can still trade and get people back there Initial investment over a period I will be all for that. As the Nation wide email claims “Suing him is not going to get back your money if he goes to jail and this is what they want I would imagine”. I can hold up for another couple of month if things go in that direction.
K said
Jim – lets not rush to conclusions just yet. we still don’t know the final verdict just yet. Hang tight my brother.
Scott said
Jim, 3 million (usd), damn
K said
J.A. Yute – I have tried to ask Jared recently during his online presentation what he thinks of the current situation, I can only presume he ignored my question.
I think its imperative for students current and prospective to ask FxChief (Jared) about this. Surely he must have an opinion. He always has a solution for everything else. He’s made lots of $$$ from Jamaican students and the appearance DS and Jared created gave many a lot of confidence. so why the stunning silence from Chief. I wonder when is his next class in Jamaica going to be, so students know what to do.
Jim said
USD Olint only took USD
RSI said
is that USD or JMD Jim?
J.A Yute said
K,
Jared talks very highly of DS during classes. I don’t know if his opinions are still the same now.
Jim said
FXCHIEF AND DAVID SMITH ARE IN BUSINESS TOGETHER! THEY ARE ALL THIEVES! I LOST 3 MILLION!!!!
K said
Searching – what are your views on MTI, possibly Fxchief’s role and how all this is playing out now.
For the record I have also trained with MTi education.
JSM said
HEY COMMENT I KNOW BUT NOT EVERYONE TAKES THE TIME TO LISTEN OR READ THE CLIPS. THANKS FOR BEING SO ATTENTIVE TO DETAILS THOUGH. LOL
searching said
I was trained by MTI
K said
I am going to raise an issue I hear no one speaking about.
David introduced MTi to Jamaica and there was claim MTi shared some responsibility for David’s FX success. MTi / I-trade / FxChief has been implicated in a lawsuit also including another local FXclub.
MTi has collected and trained many students, many of which still pay fees on a monthly basis. MTi has gained a lot from Jamaica.
I would personally like a bit more information on what FXchief thinks of David Smith. Does he still have confidence in DS.
Do we have any MTi students among us?
Comment said
JSM that news broke from yesterday. and link was already posted since.
JSM said
COK LISTEN TO POST 1053
JSM said
GUYS LISTEN TO K’s POST ABOVE.
THIS IS VERY VERY SAD,
IT IS A SAD DAY
Jim said
Heard the Capital Blu owner Donovan Davis Jnr was in montego bay this weekend with family and there is a rumor that he would help Olint try to get out of this problem by trading whats left of their money if any. CBlu had a article out of the audits they have done on their FX options program, one word WOW! The auditing firms website is http://www.futuresaccounting.com. Hopefully DDJ can save the Day!
Dehustle said
Redp@ 1052
when u get the link mek sure you email her
Jim said
Update on Olint?
JSM said
Wha happen RICH Girl
K said
http://boomp3.com/listen/bz4h41mgf_m/davidsmith-denies-provider-investforlife
RedP said
Wifey dont hear it yet
RedP said
Can anyone post the link for interview
Geotrdr said
Total in Jamaica is not own by MLC. Super Plus has the contract to manage the convenience store business of Total. Just some FYI.
jcan said
POST 1042 Jeremiah
Whatever date is fine with me…..This need DIVINE INTERVENTION
Marsha said
Congrats RedP!
This email argument is utter rubbish. They are throwing darts every which way. People let’s all continue to band together and pray as this saga continues.
HD…LOL:-)
Very Positive said
Congrats RedP!!
jahbilly said
RedP
Mawning sah. From di fact dat Olint nuh poast no gain or loss fi June seh dem give up long time.It no nuh matta bout nuh,wiah,email,ncb,fsc.
In spite ah everyting, dem supposen fi ah trade cause ah dem job dat. Nobaddy did ah stop dem up to di freez.
Mi still hafi go wuk, even hada now, fi mek up fi dis. None ah mi spred sheet dem good now. Yuh know how long it tek fi du dem, wid all ah wah mi did ah go buy? Raass bwoy!!!!!!!!
RedP said
PEI mi coulda well do with 1 or 2k right now.
Merc V, mi luv unnoo but yuh blind as bat.
Lee Chin, Lee Chin, Lee Chin
Mi cyaan mek yuh see any bettah den dat, bout yuh stop talk bout Lee Chin, Rasta wake up and smell the coffee Iyah!!
Mi wife hair dresser is pissed, she not in Olint but she cancel flow and close her NCB account cuz her man promise her SUV and cannot deliver now!!
I am not with flow,NCB,or UGI. I do not go to reggae beach and will not go to trident, I do not shop at Super plus, me do my part.
O-Chill mi woulda tek one of the dish dem, yuh tek rich pon paper money??
Like how I am in the south wing right now and my wife is in the west wing I’m going to e-mail her Happy Anniverssery and remind her that its time to ready up for work!!
Utter foolishness!! Bout email wifey!!
Dem can tek ppl fi eediat eeh!! Cho Bumba!!
Bwoy mi jus so fed up wid dis crap, I going have to carry mi foul mouth to the Lord and beg Him wash it out for me. Anger brings out the worst in people.
RedP
RedP said
Cliff and David have both dropped a couple rungs down the ladder of respectability in my estimation.
RedP said
Keep up the positivity Jeremiah.
I am absolutely amazed and totally disappointed that-
1. Cliff did not appear to validate the e-mail.
2. That in light of all that has happened this week, neither DS, WS or any Olint rep has made any effort to post any rebuttal or statement on the website to calm the nerves of members.
Or is that asking too much.
BTW Whoever posted it was right, stress does appear to increase belly size!!
RedP
Jeremiah said
Fellow bloggers I am excited because the hotter the battle the sweeter the victory.
To be honest as difficult as things are right now I feel better because we are all taking this difficult journey together.
Here the word of the Lord.
2 Chronicles 20 v 15 He said: “Listen, King Jehoshaphat and all who live in Judah and Jerusalem!
This is what the LORD says to you: ‘Do not be afraid or discouraged because of this vast army.
For the battle is not yours, but God’s.
16 Tomorrow march down against them.
They will be climbing up by the Pass of Ziz, and you will find them at the end of the gorge in the Desert of Jeruel.
17 You will not have to fight this battle. Take up your positions; stand firm and see the deliverance the LORD will give you, O Judah and Jerusalem. Do not be afraid; do not be discouraged. Go out to face them tomorrow, and the LORD will be with you.’ ”
Friends our position is on our knees in prayer. We are fighting a serious enemy one that does not want us to prosper. Trust me on this its too late, our time has come and no devil in hell can stop it. All he has succeeded in doing is delaying our harvest but he can’t stop it. The Lord will give you double for your trouble.
One more thing how about all of us pick a day to fast and pray for divine intervention?
PEI said
I hear that people getting little smalls like a US$1000 or $2000 so it seems like money still payout but dont hear of anything big.
HD said
email no mek no sense….if a man have something like that fi tell him wife him a go tell her over pillow talk…and he gwine wait till after him just get “SUM” cause it might be the last time him get any.
K said
Redp – I agree one big cluster f*@# is so right.
there is a Big RAT in all this. David would a brazen fi lie bout the authenticity of that email. His family must be going through hell with this possible name slandering. If his Dad and Mom are alive…mi sorry fi dem rasta.
In the voice of Mutabaruka – “eeeh, too much nastiness round here!”
one a unno better come clean fast fast because some Jamaican people “ignorant” and will rise the ratatata anytime now. all now I am surprised it nuh rise on cash+ dem.
1956teach said
http://www.radiojamaica.com/content/view/10028/26/
“With these developments, the NCB says there have continued to be withdrawals from OLINTs accounts at NCB.”
WHO ARE THE FOLKS THAT CONTINUES TO WITHDRAW FUNDS FROM OLINT NCB ACCOUNT?
Rabbit said
Congrats RedP!
One thing to point out – I don’t think Cliff Hughes is lying. I am sure he has a copy of an email. Email could be the real deal or it could be bogus. He may not realize that he cannot vouch for its authenticity unless he can inspect the detailed header information of the initial email purportedly sent by DS and supposedly received by his wife.
DW said
Good Morning Family
RedP, congrats on your 20th,Hats off to you…
RedP said
Two people I greatly admire are David Smith and Cliff Hughes. I dont know if I admire either of them anymore. This whole thing is a CLUSTER F#CK!!
You know one thing I hate is when ppl refuse to just come straight. Is jus like my meeting wid NROCC yessiday. Mi get vex man, jus bld clt come straight and stop wid the whole heap a go round corner. I talk straight wid ppl and dont hide tings from them.
David if yuh is a fraud- Jus talk it.
Cliff if yuh liad-jus talk it.
I and I nah kill unnuu.
But stop effing wid my head man!!
Sorry. good morning PPL, went to a cement co function last night, cement going to raise 8% this mo. the upside to the event was that Nekeisha Barnes has a wonderful, powerful voice.
Today is my twentieth wedding anniversary. I bet you women didnt know that we men have the ability to be very, very patient!!!
Love Unnoo
RedP
O4Life, I think everyone would love to hear from you soon
Jcan said
SEE POST # 253
PLEASE PUT ALL THE DOTS TOGETHER WHY THE “NEWS” IS BREAKING ON THE OTHER BUS. THIS IS A WELL PLANNED DESTRUCTION COURSE BUS
http://www.aic.com/en/fund_managers/Adrian_Lee_chin.asp
Leaving Babylon said
1032 Article
“We need to record and examine the documents we have seized. Nobody has been questioned yet or arrested in relation to this enquiry,” he said.
Attorney-at-law Shirley Ann-Eaton suggested that if the investigations revealed that Olint was involved in financial crimes, the clients’ investments would be irrecoverable.
EXCUSE ME. IF THERE ARE FINANCIAL CRIMES DETERMINED, THEN IT WAS AGAINST THE INVESTORS. HOW WOULD OUR CLAIMS BE IRRECOVERABLE? THIS IS UTTER NONSENSE! IT SOUNDS LIKE TC IS LOOKING FOR SOME MONEY OF THEIR OWN – “LEGALIZED THEFT”.
Comment said
Turks and Caicos Islands investigators eye Jamaica
published: Thursday | July 17, 2008
OFFICIALS FROM the Turks and Caicos Islands Financial Crimes Unit say they may head to Jamaica and the United States for assistance with their probe into the multibillion-dollar investment club, Olint Corporation Ltd
http://jamaicagleaner.com/gleaner/20080717/lead/lead2.html
Dehustle said
Leaving Bab
1956teach said
http://www.radiojamaica.com/content/view/10028/26/
“The bank also noted that the courts in the Turks and Caicos have issued an order freezing the assets of OLINT and David Smith and that US and Turks and Caicos law enforcement officers have searched the offices and home of Mr. Smith.
With these developments, the NCB says there have continued to be withdrawals from OLINTs accounts at NCB.”
My question is: Who is getting the withdrawals from NCB currently?
AW said
WELL, Isnt it a fact that all the request for OLINT membership goes to that email account. Then it is clear that DS is not the one monitoring those emails coz he should be busy trading. That means another person or persons have access to the password not to mention knowledge of his wifes email address. Damn its an inside job – somebody getting paid to sabotage the business!!
Leaving Babylon said
Dear Wife,
I invested in a high risk venture. Oh, before I forget dinner was great. I hope we don’t have to declare bankruptcy and lose our house, but it looks like we’ll have to home school because school is just too expensive right now. Also, could you check the laundry, I’m missing my gray dress socks. Wow, this is fun. I’m going to start writing you e-mails everyday.
Your the best,
Husband
Dehustle said
You know I don’t care who wrote that email, if O had been communicating with members within the time line indicated there would be no need for this debate /leaks
**************************************************************************
For the record (Tito) If hypothetically speaking of course) If DS had been straight with me from last year and asked for time to recoup losses, I prolly would have and so would a lot of other pple
But after 7 m ths on this merry go round I dunno
Dehustle said
@1003
What I was actually going to post this morning uncannily enough was this ……
When I signed up for Olint, It was clearly stated to be high risk and I knew exactly what that meant, yes I understood that there could be losses and even though this was not the outcome I hoped for in the back of my mind it was always a possibility
Maybe I’m in Denial but still want to believe Ds can redeem himself somewhat , My Disappointment with this turn of events though is Whether it was BAd Mind , BAD Fight ,BAD Trades , Bad Management , Bad Runs that led to this problem I believe DS knew at least by December 2007 that he was in deep trouble
What He should have done was step up to the plate and says to members we have had several hits and we are hemorrhaging and put some option on table like maybe this:
1. Those members who want to leave now I can only pay you 50 % of your balance as xxx date this will be paid over the next 6-X mths and no additional gains will be paid
2. For those who want to stick it out I can trade and recoup losses But gains will only be X % extra and encashment will be restricted a follows …
(Yeh some people wouldn’t like it but this is high risk not your credit union and you would be surprised how many disciples might have taken option 2?)
What we got instead was being led down a garden path for 7 more months, inequitable distribution of scarce funds when many of us were hurting and the situation is now worse
It saddens me to see the pple who bought townhouses and Range ROVER for cash and know that’s it only “house money “ that they have left there calling the man a thief, I don’t agree
I think he got in over way his head and failed to make some tuff decisions The messiah burden didn’t help and yes him definitely get a fight , conspiracy theories though seemingly extreme are grounded in some reality
For all our sakes the situation may better be still redeemable , as Again the magnitude of this thing is being severely underestimated (no one is asking for a bailout but this would be crash heard round the world )
Who’s running this country? , time for some high level Govt. to Govt/ Feds whomever? round table talks make some decision lock it down if that’s what IMF ,The banks / benefactors want but let the people get back some of their money whatever is there
Who have ears to hear let him hear!
THIS WILL BE MY LAST POST ………….,,,,,,,,,,,,,,,,,,,,,,,,,,,,,until tomorrow
Peace
Watcher said
Cliff Hughes needs to understand just how easy it is to send fake emails. Wouldn’t it be something if an email from chughes@nationwidenewsnetwork.com making some shocking pronouncements/confessions about Cliff Hughes made its way to other media houses?
CP said
I will address a few issues…
1. That e-mail I believe could be very genuine. It could have been sent to Tracy his wife, but it is possibly it was not sent to her alone. You know CC and BCC
2. Cliff has more up his sleeves than was exposed today. When David hung up, and in a sense placed Cliff’s credibility on the line, Cliff exposed a little more of what he had. Up until that point, we thought Cliff had only had one e-mail. It now appears he has more than one, possibly more than two.
3. In the discussion with his co-host, it appears that they have a time-line of the events and possibly correspondence back and forth
a) went that letter was sent,
b) discussions of the video that was to be posted on the OLINT website to explain the situation.
c) when the lawyers and the inner circle drafted another letter(the one that was sent)
d) when and why the video was held.
The question now is? What was on the tape? Was it the confession?
Remember what Cliff did to David in the last interview? He asked him by submit his documents? He had already heard the martinez story, yet he asked him anyway and then not satisfied he said but that is not what I was told.
4. The letter was possibly leaked by someone in the inner circle possibly worried about the implications of the TCI Police (FIU) investigations and the fact that assets was seized. In fact they could have said to themselves this is the end game.
5. David Smith is clearly torned. The Christian’s conscious tells him he needs to do the right thing but the thought if the shame possibly tells him no. Given the present situation, David Smith cannot admit to existence of such an e-mail. To admit to such an e-mail would be unthinkable but is possibly what he needs to do if he really did write or was aware of it
Honesty they say is the best policy… Cliff Hughes and Nationwide News Network is a must tomorrow. Things not looking good.
K said
Should David pay every single member I want to know if the apologies from the media will flow or will DS slap them with a law suit.
bruk pakit said
Get with the program Mr. Hughes!! Mr. Hughes said he was reading and he went from saying “he said” to “I promise”. He switched from 3rd person to 1st person..made no sense to me.
K said
Cliff Hughes is an idiot for him to just say is your email so and so he must not know about email spoofing….I am an IT consultant I can do that in 5 mins.
Rabbit said
NCB to seek judicial orders on OLINT accounts
http://www.radiojamaica.com/content/view/10028/26/
PipUNIT said
http://boomp3.com/listen/bz4h41mgf_m/davidsmith-denies-provider-investforlife DS DENIES EMAIL
JayDee said
First blog here on the #4 bus. Tried to leave this two days ago but it didn’t show up. I am a member of Lewfam and I did get paid in June. Probably one of the few. However, I think the clubs associated with DS are trying hard to get things fixed. It may take awhile or it may not happen because of the pressure of the investigation that is going on right now. I don’t know about the other clubs but Lewfam requires documentation on every deposit before it is accepted. You have to show proof as to where the money came from. I have a copy of every transaction in a file to back up what I have sent.
Lewfam called me two days ago to get another photo ID from my wife and I for our account and that ID has already been added to my account. If the clubs fail I don’t beleive it will be from intentionally misleading the clients but because of outside forces bent on putting the clubs out of business.
I do agree that the Olint staff and DS and family need prayer coverage to help them get through this.
PipUNIT said
This new email that appears to be from DS is false. DS had a good point when he called into the radio show, why would he email his wife. As much as i dont like his business style i do believe he’s got the money. I’m sure $500mill is still with Olint and $250 is held up in TCI.
Bless said
This game is HUGH HUGH HUGH
Rabbit said
Verse for the night for those who take comfort in the Word:
Phil 4:6-7
Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God and the peace of God, which surpasses all understanding, will guard your hearts and minds through Christ Jesus.
Bless said
There is a lot that the computer connected to the internet open you up to, I can send you a worm that will create a back door on your computer so I can come on whenver I want
I can use a worm that will create and sent email from your computer I provide the worm the body of the letter
Remember the “I love You” virus years ago so even if the email is sent from my computer I might not even know about it if a hacker/ person with hidden agenda contract a hacker is targeting me
Opportunity said
The other renegade blog is really cause for concern. It is a pity we can’t know who is behind it. The speed and volume of data that is posted there by the moderator is frightening. This is clearly a full time job with a paid moderator.
The question is who is paying this moderator. The posts (not user comments) are clearly bent on destroying DS.
On a separate note, I hear there has been jubilation within the FSC offices so far this week. Almost a party atmosphere.
Rabbit said
Floridian – 1001 – the only way that Cliff can be sure of the authenticity of the email is if he can look at the trail in the header of the INITIAL email that was purportedly sent from DS.
If he was forwarded a copy of the email, the only thing he can verify is the trail to him from the person who forwarded the email. However, If they sent the initial email as an attachment in a particular format, he can open the attachment and see the trail of the initial email.
BTW – we were in the club prior to the FSC raid. We withdrew less than 1/3. I suspect that most members did not withdraw everything.
Bless said
forgive me I think faster than I type
Roli said
Tito, i would tell him to stop trade. And give everyone back their money of what is left. Whether it is 1/4 or 1/2 and call it a day. Anyway, this is my last post. Lets hope for the best but prepare for the worst. Later guys
Floridian said
Another thing that was said in the email that 500 million was held up…
Well if it was held up, that means that he must have had at least that much to try and encash…
Like Roli and I have been saying… We need to know if money EXISTS and how much.
Is it 5, 10, 50, 100, 200, 500 or 1 billion dollars?… Once that is established, we need to find out where it is… How we going get it back later is not the problem right now… It is:-
1. Does money exist?
2. How much exists?
3. Where is it?
Bless said
People we are being played
Things are not as they seems
So lets watch the show
Bless said
Tell Roli to go si down,
Bouy di email just show up Cliff Hughes lack of computer security knowledge
Who configure your email? you
Did you have to put you correct name company? no you can put whatever you want
I can configure my e-mail name as David Smith if I want
For the cofiguration of the mail server I would configure my server as a server in the local domain – overseaslocket.com (local so I can use whatever domain I want in my local area network) thats not hard,
Next create user call Tracy in the domain and a mailbox for her on my mailserver.
I send her the email as David Smith and thats it,
so I now I my email that I will now send as an attachment to sent to Cliff Hughes.
The you see why computer is a hell of a tool if you know how to use it
So that is why people we use certificate to sign document as a means of authenicating document in this case it would be sign by a third party such as verisign
Cliff Hughes someone just play a real bad joke on you and DS.
Cliff Hughes- because you believe that you have an authentic document from David Smith Olint but a mi sit down a mi yard and do it
And DS because him a get angry cause is not him send it but mi as him
Computer, wonderful tool -
Roli said
Tbank you Dehustle. All i am saying is that i dont think D.S has all the money to pay everyone. I really don’t care about NCB. David deals in forex, he is not a bank, so liquidity should not be his direct concern( his money is not tied up). If the money is there it is there. Do i think NCB is an A**hole yes i do. But if D.S does not have all the money to payout whose fault is that. NCB is only needed to payout. not trade. Yes they are responsible for holding up encashments but not the actual trading. How much can lawyer fees be ( u telling me it is 1/4 of the fund). As much as i want D.S to succeed I have to think level headed. He is not a messiah. You guys can go and crash NCB. When all is said and done who is going to cash your checks when it is written. Act accordingly. First priority is finding out if David has enough to payout. Second get money in your hand. Third withdraw from ncb (if u so like). NCB can cause all the confusion. But if DS is in the black they can only delay it. Most people on this blog seems more concern about NCB than if the money is actually there to pay out to them.
You guys continue fighting NCB(thats your right). I just wish more people would take that same energy to find out How much money he owes and have in his accounts.
Floridian said
I listened to the Nationwide interview with David and the email saga again just now…
Mi nuh know what to think, but there is a part in the email that said that his problems began when the FSC raided his offices back in 2006…
I never invested back then, but I was under the impression that he had a run and was able to payout everybody and did…
So if that is the case… He started over from scratch and got new money when confidence returned… So how come in this alleged email, him say that is when him start tell lies to people and cook the books…
That not making sense to me… There was a run… Him payout everybody… How could he have cooked the books at that point, yet payout everybody… So after that… Them give him back new money couple months later… Essential that is ground zero… So how him blaming FSC 2006 in the email???
That part not sitting well with me… Can somebody offer a decent explanation for me?… As mi say… Mi head tough… Just bruck it down simple…
Tito said
If the email was real, who would take DS up on his offer of allowing him to trade for a year to get your money + 15%?
PEI said
still no word on how much money was really wired to the bank?
Floridian said
Rabbit…
Cliff say he is standing by the story… I can’t figure out what you are describing up top… It bigga dan mi… Can the email be fake?… How can we find out if it real in case it not fake… Please in simple terms… Mi head tough…
What bothering mi though is that David said he didn’t write it, but maybe somebody else penned it and used his id to send it…
This would absolve Dave from the charge of writing it… But him coulda know bout it, even though him never write it… Maybe his lawyers wrote it for him… So technically him never write no letter.
BUT!!!
This leaves the question of the detailed contents of this email… Do we know that what was contained in it was not true???
Lawd help us… Please… Mi can’t tek it much longer… I’m trying, I’m trying, I’m trying… But is just one thing after another and we don’t know truth from lie anymore.
Dehustle said
I was going to make a post this morning good thing I didn’t, as I prolly would be accused of sending cliff that email
Anyway here’s my other 2 cents
Yes we all know the banks are manipulating the Antiterrorist /patriot/ money laundering act whilst abusing the fair competition one BUT as I have said repeatedly DS is not the messiah , and the constant prescribing of this status to him must be extremely overwhelming /pressuring as it would make it more difficult for him to admit when things are going wrong (we have seen this whiz –kid conflict before )
I do believe though that he is/was? a good trader but never believed that there were months when he didn’t make losses , I just believed than he had a buffer for bad months built in and did his own sort of “smoothing “ I.e. in trades where Jan -6%, Feb. +22% net +16 would be reported as reported as Jan +6% , Feb. 10%
Now you can probably work your way back when you have a fund of $10M and incur losses of up to 40%($4m) with the 6m left (please me using simple math’s here Fx traders nu bada come with 80/20 stop trade etc )
The thing is when you now have a fund of $ 1000M and you incur losses of same 40% (400m) and out a di $ 600M left FBI freeze $200M, You pay out $300M ina run , you are now left with just $100M to make back loss of $400 m plus pay gains ,overheads , lawyer (plus you did buy a Lear jet couple mth B4 cus you knew you were good for it)
Now when you down and feeling pressure from all angles club members, Bank , FSC FBI , everybody and his wife investigating U , You spend more time with lawyers than trading everybody wants their money how do you recover ?
I am not saying that’s what happened but it is a possibility , the culpability of the banks /FSC etc is that they instigated the investigations , the runs and the constant persecution that would make any operations crumble in particular a financial one where confidence is the key
This thing was probably going to become recurring decimal yes the $250M probably exists but it could only pay the encashment up to march/April. But then May, June & July was now backing up! ?
You see at first members were only taking maybe 5,10 20 up to 50% of their funds, but in the meantime because pple fed up waiting so long for dem money dem go back in (all like pip unit )
and request dem full balance /.account close and even those die hard linters who were not worried were now doing the same
So right after this scheduled payout was to take place O would be right back at square one with another massive backlog of encashment ten times bigger than this one
Now if that’s not a downward spiral then I don’t know what is? Which leads to me what I wanted to post earlier ……………
LRC said
PPL @ 985 I think you are quite right. DS back is against the wall let us all call on Jesus- He will be there.
fyier said
Roli
come on are you really defending NCB? ok let’s give you the benefit of the doubt here. For arguments sake, let’s pretend DS doesnt have enough money. Tell me this..do you think he doesnt have enough money because
a. he is dishonest or
b. because outside influences (ESPECIALLY NCB) have made it nearly impossible for him to do business by rejecting wire transfers, forcing him to hire expensive lawyers to constantly defend himself, spreading propaganda and the list goes on.
which is the more plausible answer Roli, and bear in mind that the first time there was a run on him club, everyone got paid.
People close your NCB account, why should we and everyone else suffer, while the bask in the confusion and chaos they have caused.
I am reposting Floridain’s letter to NCB I think it hits the right spot.
Floridian Says:
July 16, 2008 at 3:29 pm
Someone on the bus of Darkness made a good suggestion…
They said that account holders at NCB should write Mr. Leeching and I agree… I’ll even help…
Dear Mr. Michael Lee Chin,
Please be advised that I am unable to service my loan with your organization because of the unfortunate circumstances that have been happening at Olint. Apparently someone has called the US authorities to freeze their accounts and as a result, they have not been able to pay me. This in turn means that I am unable to pay you. As you are aware, every time money has been wired to my account at NCB from Olint, I have immediately paid my monthly loan obligations. Your records will verify the validity of my assertion. However, please be assured that once I receive monies owed to me from Olint, I will be able to continue to service my loan. Thank you for your understanding in this matter.
Yours faithfully,
Mr. XYZ
chilly said
I am having a hard time separating the Royal inquiry into government corruption and the raid on DS office. Both parties had financial assets frozen, and documents and computers seized. The deputy commissioners referral to the investigation as a financial crime seems more to point to a link between governmental officials and DS rather than money launderers. DS might have found himself in the middle of trading improperly obtained government funds.
LRC said
This should be number one in the box office whenever it is released. Floridian yu a sample.
Floridian said
Bwoy… Them say truth stranger than fiction and if you did try tell a neutral this story, them woulda say a lie yuh a tell… But mi tell unnu aready… Mi have a title fi di movie…
The Canadian WereWOLF in Kingston
This is a story of financial intrigue and suspense and definitely not for the faint at heart. The story takes place in several countries including, but not limited to Jamaica and other beautiful caribbean islands with their stunning backdrops of crystal clear waters, sand, sunshine and sunsets. The story centers on the financial wheelings and dealings of two men, both of humble background, who amassed billions of dollars in hard currency both for themselves and for others. It has law enforcement officials from Jamaica, the USA, Great Britain and the Turks & Caicos Financial Crimes Division headed by Willie. There are hundreds if not thousands of people involved in this gripping drama and there is an extremely exciting chase scene, involving 2 buses hell bent on destroying each other. The financial enigma will ultimately be unravelled, but what is left to be seen is whether the villain will become the hero or will the hero become the villain. Only time will tell.
Coming soon to a theater near you.
fyier said
without David even denying that email, it seems too silly to be true. Suffered trading losses and a little short of funds is possible , but outright bankrupt, smells fishy. If he were bankrupt there really would be no need to freeze an empty account would I think, there would be no assets to freeze.
What IS likely to make him go bankrupt however is the witch hunt they are on. I mean, unbeknownst to DS some of his members may indeed be drug dealers and money launderers. However, there is no financial instituition in Jamaica or anywhere else for that matter that can say with conviction that none of their customers’ deposits are from illegal activities.
Many people have said the authorities may not find anything and will release the funds. Please re-read To Kill a Mockingbird, DS is the modern day Tom Robinson. The purpose of a witch hunt is to catch a witch. No matter how tiny a violation they find, and no matter how many other financial instituitions are committing the same offense they are going to lynch DS, because that is what they have set out to do.
I have no confidence that DS will be treated fairly because I have seen that very same kind on witch hunt here. The mockingbird at that time was Takafumi Horie of Livedoor. He is young, scary smart, with fresh ambitious ideas that challenged the old traditional way of doing things. He was a threat to Japanese normalcy and old money so he became their mockingbird. Did he break the law? No, he exploited a grey area in the law, the very same thing that old companies have been doing for ages. The case against him was just a witch hunt to ‘hammer the nail that sticks out’. Same pattern here, young, ambitious DS challenging old money and bureacracy. I don’t foresee fair treatment, I wouldn’t be surprised if they try to make an example out of him.
Those who believe in prayer, add a little fasting to it, it couldn’t hurt at a time like this.
InForTheLongHaul said
correction to 985
sorry Driva that should read wednesday 8.09pm. (its thursday 1.09am which part mi deh)
Rabbit said
Check out this spoof – http://www.thespoof.com/news/spoof.cfm?headline=s3i38282
chilly said
You know what, I trusted DS with my investment, so I will trust no one else, especially with all the poor news reporting going around, to tell me seh DS bruk than DS himself.
InForTheLongHaul said
Driva,
Whhat happen? mi stuff not getting posted. Sent one from mawning 7.01am and all now Thursday 8.09pm it still nuh post. Is vex yuh vex wid mi cause mi nuh tek di bus did lang time? Mi did a ride di red bus dem a London but dis bus ride more interesting so mi come back fi ketch it again
sharon said
People it a while since I post on the Blog, but I went on a fact finding mission today…I spoke crime stopper Unit in TCI and they confirm what PipUNIT said in posting 905.
The asset that is frozen is ONLY his TCI assest while he is been investigated in TCI and the raid did not include the US authority has was reported in the News.
They say it is an onging investigation and that they are not at liberty to comment on the investigation, however they added that DS is innocent until proven guilty in a court of law.
Rabbit said
Floridian – you must be a screenwriter.
Rodger – how you doing?
InForTheLongHaul said
Floridian@ 977
LOL! I agree with you on that one. Also I think it said something about him being left to trade for a year and make 15% gain. DS has NEVER promised he could make any guaranteed % age. That part sounds fishy to me.
Still……….. who really knows what a go on?
chilly said
Floridian (#977) you a the best !!!
By the way Floridian (#966), at this time, distraught trump pissed !!!
Tito said
@ Floridian hahahahahahaha!
Tito said
Ok that makes sense, so basically the email could have been sent on with the original email as an attachment, and that can’t be forged.
Roli said
I believe DS has money. I just dont believe he has it to pay everyone. Hope i am wrong. If it was not sent by David it sure does sound like someone with an inside knowledge. I think everyone in the club
should come together and find a representative to go to D.S on our behalf, see his books and let us know the actual % he has left (if any). But let the investigation go on. I for one dont know if that email was true sure sounds accurate to me.
Floridian said
Tito…
Can you say WITCH-HUNT… by WOLF!?!!!
Mi surprised that Cliff dem woulda base a story off a leaked email tho… Mi did expect better from them… BTW… That email was WAY TOO DETAILED for a correspondence to his wife… If the story was true and him did really bankrupt and was operating like Ponzi… Me woulda expect something more along these lines:-
Tracey,
Pack up di tings and di pickney dem. Mi can’t explain right now, but just do wha mi say. And call yuh madda and mummy fi mi and tell dem fi meet yuh at di airport. Mi can’t say nutten more than mi tief di people dem money and wi haffi flash. Fast!!!
Your loving husband,
David
Rabbit said
If the email was merely forwarded from DS’ wifes’ email account we would not be able to tell.
Some of the email client software, e.g., Microsoft Outlook, will allow you to include the original email as an attachment. You can then see the header. If you merely forward it – what the recipient will see is the trail of the forwarded email, not the initial email.
The default view of the email is the standard header. However, there are options to see the detail. See an example of the detailed header below – i’ve modified some info for my privacy.
From XXXXX XXXX XXXXXXWed Jul 16 07:01:13 2008
Return-Path:
Authentication-Results: mta233.mail.XXX.XXXX.com from=markettraders.com; domainkeys=neutral (no sig)
Received: from 63.251.135.74 (EHLO XXXX) (XXXXXX)
by mta233.mail.XXX.XXXX.com with SMTP; Wed, 16 Jul 2008 07:01:44 -0700
Received: from p1-ws005 (unknown [10.XXXX.0XXXXXX])
by ccm01.constantcontact.com (Postfix) with ESMTP id XXXXXX
for ; Wed, 16 Jul 2008 14:01:13 +0000 (UTC)
Message-ID:
Date: Wed, 16 Jul 2008 10:01:13 -0400 (EDT)
From: Market Traders Institute
Reply-To: admin@markettraders.com
To: XXXXXXX@XXXXXXX.com
Subject: MTI Two-Day, Onsite Class in Irving, Texas
Tito said
So the email must have been sent directly from DS’ wife’s email account directly to cliff hughes? That’s the only way it wouldn’t have been possible to spoof right? i.e. the detailed header should have her address on it…not to good on the IT side of things!
Rabbit said
Tito – 973
Yes – you can spoof an address. However, if you have the email though (not a forwarded version) you can look at the detailed header. There is a trail so you can determine the network it originated from and the path it took
Tito said
his email is smithd@overseaslocket.com, but on microsoft out look when you forward an email you can change all the text including the previous to and from email addresses.
wait and see is all we can do.
LRC said
what
Rabbit said
Just listened to the report of the email on Nationwidenews. Mi nah lie…the level of detail in the email about a legit trading operation devolving into a ponzi gives me cause for concern.
LRC said
Floridian if he is bankrupt hat did they freeze yesterday? the big bed or the dogs dem? lol
Tito said
Can anybody say WITCH-HUNT.
We have cable wireless, digicel and islandcom down here lol
PEI said
Sooooooo which part Cliff get the email from? if inquiry going on and computer and so on seize how comes this info leak to Media in JA???, which police in TCI would do that? This ting come in like joke yuh nuh.
Floridian said
Robin Irie…
Yuh a come tek prips though… Is alright… Nuff time mi prips over so to
Floridian said
Chilly…
I don’t think distraught is the correct term… He sounded PISSED!!!… But he also said his lawyers said he shouldn’t answer any other questions thrown to him… Cliff tried hard… But David did the right thing… Deny the email and never answer any other thing…
I’m glad he came on and did what he did… But that’s just me.
For real though… Why would he email his wife?… What yuh telling me?.. Them nuh have phone down inna Turks…
Tito… Unnu have phone down deh??
Or is it that the bed that them sleeping in together at night is so big that the only way them can communicate is by email???
Damn foonishliss!!!
Lots Ofmoney said
The Wolfman ain’t so squeaky clean….
National Commercial Bank charged with money laundering
Michael Lee-Chin, a Jamaican based in Canada is the head of AIC Limited which owns controlling interests in National Commercial Bank (NCB).
KINGSTON, Jamaica, February 9, 2007 – The Jamaican-based National Commercial Bank, owned largely by the AIC Group, has been charged with breaching the island’s Money Laundering Act.
Police slapped NCB with the charges after they claim they received reports that alleged drug barons, including Norris ‘Deedo’ Nembhard, were apparently using a worker at the bank to launder cash.
Investigators of the country’s Financial Investigative Division say after a two-year inquiry, they found suspicious transactions regarding Nembhard’s account, including no report of entries, transfers or withdrawals of cash totaling US$27 million. The alleged transactions date back to 2003.
Jamaica’s laws stated that any transaction over US$50,000 must be reported. NCB’s capital base, according to its website, is one of the largest in Jamaica. The company this month reported making “unprecedented strides in firmly positioning itself as Jamaica’s premier financial services institution.” NCB posted record profits of $1.5 billion in the first quarter of the financial year, which ended December 31, 2006 compared to $1.1 billion for the corresponding period of the previous year.
Nembhard is dubbed as a drug kingpin by the US. He was arrested on April 22, 2004 for allegedly trafficking drugs to the US and is awaiting extradition.
NCB lawyers are challenging the claim. The case returns to court on February 23. (Copyright Hardbeatnews.com)
chilly said
DS just called into Nationwide News telling Jamaica people he did not write the email indicating to his wife thst OLINT was broke. He sounded very distraught.
Lots Ofmoney said
interviews on Olint now on Nationwide…listen online….
http://www.nationwidenewsnetwork.com/
Rabbit said
DS just called into Nationwide. Said he could not answer any questions but he did not write that email. It was manufactured. He indicated that he and his wife live in the same house…why would he email her. He denies this
Floridian said
Dave Smith was alleged to have written an email to his wife last Sunday morning saying that he is bankrupt…
The big man himself is on Nationwide right now categorically DENYING that he did not write that email… He said think about it… Why would he have to email his wife when he could talk to her…
Again DAVID SMITH denies this email.
Thank God!!!!
Dehustle said
My 2 cents
1. Both DS and NCB are not telling the whole truth
2. All commercial banks (albeit some dragged in reluctantly) are a part of that cartel (Jamaica Banking Association) so pan Caribbean would be no different
3.If this were in the uSA some deep investigative journalism would be taking place ( I still don’t think some quarters understand the reach and magnitude of this thing ) its a shame the journalists we depend are no better than our little blog with rumor , speculation etc
debby said
Is this email for real.
Lots Ofmoney said
Floridian….calm down and listen to what you are saying….DS was supposed to send it to members and it slipped into the wrong hands???….and he basically admits to using old money to pay old….???…come on dude….rumours are flying out of the gate like wildfire now….basically they are kicking him while he is down…..
Floridian said
Pat…
It looks like it was an email he was preparing to send to Olint members… Must have been found on the seized computers and leaked to Nationwide… Mi nuh know…
It says they have been overstating gains since FSC raid back in 2006… Been taking in new money to pay old… Apparently wants a year off to concentrate on trading to pay everybody back…
Pat… Mi never hear the full story, just Cliff’s review of the headline and what I read over on the other bus.
RSI said
Is it authentic?
Patricia said
Are they saying O is bankrupt or sources allege that O is bankrupt?
Floridian said
Apparently email was to be sent to Olint members by Dave Smith… It basically says that he admits that Olint is broke if not bankrupt and he has been using new money to pay old debts…
While I’m not sure he said this, but in effect it looks like we were caught up in a Ponzi scheme for real…
I’m absolutely stunned and devastated.
Patricia said
So where the money came from to wire to NCB, that NCB rejected??
Floridian said
Nationwide news says that Olint bankrupt… They are basing this story on an email that was leaked to them… What the hell is that?
I’m starting to feel sick in my stomach… I know Cliff dem usually do a good job… So this email must be the real thing if Cliff them tek a chance and report it.
Lots Ofmoney said
Bless Says:
July 16, 2008 at 5:57 pm
LOM, why the asterisk?
* means less than majority shareholder…my sources say funds are there too….and Misick is supposed to be making a statement to clear DS….
Bizbabe said
Renegade site reporting that Olint broke. Check it out!
Patricia said
K, I support that site. Have closed mine already.
I was asked earlier, how come NCB didn’t reject the wire(s) late last year, when the run was on, led by the samrt money people like Joey and the big boys?? Did they file a SAR back then and notify the US Federal authorities? I think the leaches saw an opportunity to strike while it was hot. They knew about the inquiry in TCI, they obviously knew b/4 hand about the NFA complaint, they also knew that there maybe financial links between DS and Misick, so they acted on this grand opportunity. Basically, all the ducks were lined up in a row. They can quite reasonably use the NFA, and TCI inquiry as reasons for concerns about the cleanliness of the funds. So yes Roli, technically, in banking it was the correct thing to do. They will also say that accepting the wire puts their relationship with their intermediary banks at risk. Remember the Mellon Bank (NY) issue, and their failure to act on a Druggist’s account some time ago.
Now, having said that,I feel however, that it was a calculated move motivated by sheer ill will and not substantially by the need to adhere to the letter of the law.Thats just my own opinion. But wait for the backlash this time. If people just sit and take it, then dont complain.
FIGHT AGAINST THE HYPOCRISY AND INJUSTICE, but, ALSO HOLD DS ACCOUNTABLE. This need not have happened.
DR said
Noel of WW sent out an email today…..they will be paying 4% and 6% instead of 12%…hmmmm oh boy things and times have changed.
I am suppose to attend a “private” meeting on Sunday, I will come back to this blog to report what comes out….I have seen Noel there a few times before…. I understand that the members of the panel are close friends of Carlos..(remember him?)
It’s great to be a social buttlerfly…..
Floridian said
Pip…
Bow yuh salt sah… Still no rate fi June yet eeeh?
Listen man… The man is absolutely in no frame of mind fi do nuh trading… Just left the money on the trading platform till this thing sort out… Me definitely willing to give up 2, 3, 4 months worth of interest instead of go risk that big amount of money… There is no way that the man brain a think straight and him nerves supposed to well frazzled by now… Next thing him go press di wrong button and think that when him did press di button… Is buy him was buying when it turn out to be the button for sell him did press… And then the whole a di money just gone sake a one mistake and one button press wrong… No sah… Me not into that…
You talk di truth… You woulda feel comfortable wid him a trade now???
Roli said
Pip @ 941. Is that something i can throw on my Fact list? I heard it was more like 50 mill tied up in Turks. I could be wrong.
Bless said
LOM, why the asterisk?
Overchill said
Program your own satellite receiver… No monthly fee’s….
Ever
Bless said
PipUnit:
yu nuh hear that NCB call in the FEDS so they are also investigating DS
Lots Ofmoney said
jonothan Says:
July 16, 2008 at 5:11 pm
not just ncb should be targetted people,flow,cvm,observer,super plus stores,and his insurance company.did i leave anything out?
You left out a lot….
Portland Holdings Inc. is a privately held investment company which owns a collection of diversified businesses operating in sectors that include media, tourism, health care, telecommunications and financial services. To date, the holdings include:
Advantage General Insurance Company Limited
(formerly United General Insurance Company Limited)
AIC Limited
Cable Bahamas Ltd.*
Columbus International, Inc.*
CVM Communications Group
Flow (Jamaica)*
Flow (Trinidad)*
Medical Associates Limited
National Commercial Bank Jamaica Limited (NCB)
New World Network*
Reggae Beach
Senvia Money Services Inc.
Trident Villas & Hotel Jamaica
PipUNIT said
He trades 750Million with Oanda. 250 million is tied up now in TCI. That leaves 500million in Oanda. Is he going to still trade that. All that money is in the USA and not frozen. Pay us out of that money DS.
V Happi said
Remember we have to be confidential.
oneLuv
V Happi
Tito said
How’s chin allowed to run a monoply in Jamaica, aren’t there laws against that?
RedP said
Waiting, watchin and listening right now, will report in tomorrow, nutn new side a what post already. Listen to D-Silver, fi him link stronger then anchor chain. All what D-Silver talk mi get as well.
RedP
Overchill said
Total gas stations.
People need to use satellite dishes. I have all the links to get set up and program receivers.
K, maybe I could put some of this info on your website too, so maybe the name could be changed to include all assets
Floridian said
Leave Roli alone… Him nah really bodda anybody.
Tito said
Thanks for the explanation RedP, this is international bus we have here not just Jamaicans!!
V Happi said
Heartless Jason Roli ….. “Tek whe uself”
Tito said
After this investigation will they make the findings public?? If he’s clear of money laundering etc then I’m not sure people will know how much money he has and how much money he owes.
Floridian said
Tito…
I think the Leeching one owns a cable company in Jamaica named FLOW… So when you spell that backwards you get WOLF… And him want to eat off the whole Jamaica and gobble us up cause him too damn craven.
Mi hope couple skeleton bone hitch up inna him throat and choke him.
Tito said
it’s that grin of his when you see him on google images.
Roli said
The fact remain that DS is being investigated( and u can almost call it like an audit), not in talks, not about to BUT IS. For a FACT. So if they can’t find anything on him, he will come thru as a true Champ. Atleast after this we will know if it is monopoly money or real money. Everything have a reason. NCB Forced the ball in D.S court. Lets see what happens. If money is there for eveyone, detractors can only slow you down. They can’t stop you. I hope and pray D.S comes thru in the end.
PEACE.
Tito said
ahh ok, he looks more like a HYENA to me.
Opportunity said
K,
I would support that website or blog or whatever. There should be a counter so we can keep a tab of individuals who closed their NCB account. So maybe it should be a blog. In any event, I support it. You can start by using the NCB logo and modifying it.
mizzmam said
good afternoon,
beg your pardon if i blog, i’m a rookie to your site, so i don’t know how to go about getting a pass to get onto your bus.
However, thought i would add to your blog b/c i have ears to the ground in TCI. I like many of you hope DS ends up ok, and pray for such. If him was a mek money for rich ppl alone, tings wouldn en up suh.
So anyway, right now the word in TCI is that they have seized US$800 million worth of assets. and NO thats not a typo. dunno if is O’s assets, or DS or both, but to how dat soun, it soun like both, cause dat a enuf fi run one likkle country.
…i also agree that the missick inquiry just fanned the fire to investigate DS, cause he is in that big boy circle in TCI.
will kip uhnnu posted pon the TCI side of things
nuff PRAYAZ
RSI said
wolf is a predator
Bless said
Roli Poli aka WOLF agent
Bless said
Micheal Lee Chin aka WOLF
Tito said
Can somebody explain this WOLF thing please?
Roli said
Then suppose he doesn’t have enough money. At this point in the game nobody actually knows for a fact if he does or doesn’t. Instead of focusing on burning down NCB prioritise you actions. Don’t loose sight of the fact that no one knows the definet answer to the question below except for D.S.
1. Find out how much D.S owes and how much he actually has.
The NCB thing, i will deal with at a later date. My main focus is if money is there for everyone, including myself. And that is what i am waiting to see from the ongoing investigation.
#1 should be priority.
Floridian said
Mi notice from the other day that there has been alot of re-makes of movies from 10,15, 20 years ago… Who remember this movie from back in the day?… An American Werewolf in London?
Well it seems we have the block buster sequel right on our shores… It name:-
The Canadian Werewolf in Kingston
Bless said
Total gas stations
K said
Do we have any graphic artists on the bus? if so, let me know .
jonothan said
not just ncb should be targetted people,flow,cvm,observer,super plus stores,and his insurance company.did i leave anything out?
K said
Do I hear a solid vote for the website IClosedMyNcbAcccount.com?
I would be more than happy to get it going
In Jamaica what don’t go so, go near so, I am sure we are not very far off with this NCB allegation.
futures_trader said
Floridian #885
Say that people were payed in June. I got the impression that nobody were beeng paid… Maybe people are being payed but are not saying.
HBJ said
Roli @ 876 says,”stop cursing NCB”
It is BELIEVED that NCB sent back the wire of 200 million as NCB employees assert that the funds were there for a short period of time- a reasonable belief but speculation nontheless.
It is, however, a FACT that NCB has been tirelessly trying to close O’s accounts. To contend that it is not their intention to eliminate the competition by whatever means necessary, would be naive.
If DS does have the funds in Turks and in the platform, the local banks will continue to ‘fight dirty’ and it will NEVER be easy for us to access it.
We must make a united pre-emptive statement. By closing our accounts,we are sending a clear and unequivocal message that that we will conduct our business with a commercial bank that sets itself apart. A commercial bank that is willing avoid an unfair collusion similar to the type that caused the first run. A commercial bank that is willing take what we have to offer them (our gains and longterm loyalty).
Roli said
Floridian, hahahah u funny
. I just want everyone to get somehting if (and i say if) D.S can’t payback everyone. I am hearing 800 mill 750 mill he has on the book, all these figures. But how much does he OWE his investors. But with the size of the club maybe 1 billion. All this i am doing is speculating. But before we go burn down NCB. Wait for the investigation to finish. It might turn out that he has all the money and everything Criss.
ForexGuy said
Looks like F1 is trying to keep themselves out of this current whirlwind-
Dear Valued Clients,
Since the release of our notice on July 7, 2008, our Customer Care Centre has been
inundated with telephone calls and e-mails with enquiries. Our Customer Care
Department has dispensed factual information, as we believe in full transparency.
We wish to thank you our valued clients, for the overwhelming feedback received from
you and for communicating your unequivocal support for F1 Investments Inc and the
procedures we have taken to protect the interests of you our clients on a whole.
In light of the extremely challenging investment environment, we recognize and
understand the concerns expressed and wish to reinforce our commitment to you. We
would like to assure you that F1 Investments Inc operates within the confines of its
established rigid risk management principles that ensure:
Preservation of Capital
Consistency of Returns
Superior Investment Performance
Due to our rigid risk management procedures, F1 has minimized trading losses and has
maintained an exemplary trading record during its operation. This record is not accidental
and will continue to be maintained through careful investment strategy. We wish to
assure you that all your funds remain actively in trade on a secure and reputable platform.
Your support serves to encourage and strengthen our resolve to do whatever is necessary
to ensure that our clients’ interests remain of paramount importance.
Please do not hesitate to give us a call if you have any questions.
We wish to thank you for your continued loyalty and support.
With every good wish.
Yours sincerely,
F1 INVESTMENTS INC
Called everyone I know today to tell them to close their NCB accounts. That bastard should have no business in Jamaica after all this.
Roli…there is a bridge one of the old posters took a dive off of….I think you should go and find it.
Countribouy said
Mi nu get nu invite pan di bus a hap mi hap ie. Ducta nu baba kick mi aff, mi nu a nu mooonie an a country mi a gu. Mi a fi barow computa su mi nu no wha a gawn. Summadi help mi andastan. Is dis sinthing like wha happen to ABF up inna Miami sum ears ago? How D and is fambily a du? Bouy wi ha fi ban togather and pray si the Good Lord wi ca im true. Bouy mi na tell nu lie, ie ruff nu ratid and mi dis come a town if pick up di likle sinthing. Su wha unoo si wi fi teck wi likle sinthing wha lef from di chinaboy(NCB)and put ie Pan C. But a country mi live ann mi ongly cum a town fi barrow computa and pick up the draft. Dis thyme mi ketch coal to ratid.
V Happi said
Roli are you the wolfman? Or brother sister cousin…..Why are you so concern?. Let the chip fall where they may. My investment cum from very haaaaard work.
……………………………………………
Long time people enter strictly by who knows the small start-up group. Big letter recommendation and much talk bout gwaan. We were subsequently asked for papers. These were supplied,certainly I did mine. Each account carries ur picture as you open on site.
………………
Tings dead RedP. A numb, but a stop worry
Floridian said
Roli…
It look like you have connections with NCB man or you and di WOLF a family cause yuh a defend them hard… Nutten nuh wrong… But mi know them involve inna this somehow and time longer than rope.
But I go back to my point that every time Dave tell us bout due dilligence, it might actually be… Oanda have a rahtid contract deh that say them can decline or delay payment at anytime based on if them feel somebody that going to get proceeds of Olint is of dubious character… They can do this one, by one, by one for all of Dave’s clients… And is bout 10,000 a wi…
Now that is them… But what about another bank that Dave a deal with… They see this big wire transfer come in for millions… Them might want some questions answered to… Then your bank NCB now… We done know say the WOLF a try spite Dave…
In fact… I feel the genesis of this “war” between the WOLF that Leech offa people and our bwoy is a ego thing…
When di Leech buy helicopter and a gwaan like big dupe and a fly overhead and a look down pon poor people that him want to gobble up wid him craven self… Here comes likkle Dave Smith from nowhere that end up a buy LEAR JET!!!
Is that bun di WOLF and from ever since, is pair fight gainst Dave fi put him inna him place…
That Leech too bad mind, but memba dis… Yuh see when a man a intefere with a Jamaican man money… Anything likely fi happen… Good or bad, right or wrong, innocent or guilty… Mistake can mek and man lose dem life sake a it and that is a mistake that can’t correct…
bruk pakit said
# 383 Island Girl, I did try to e-mail you and e-mail was returned…I will try again
HD said
All I know is banks and cable companies don’t produce….however they are supposed to help and facilitate by providing meaningfull assistance in the forms of reasonable loans and assist in disbursing and providing timely, accurate and relevant information.
Roli said
d_silver_lining, I am praying to god it is there to pay everyone. Lets wait and see.
PipUNIT said
What the bank of Belize. Doesn’t olint member wiring instructions say to send it there? If only the found 1/5 of the money to satisfy encashements in TCI that’s good to me. Not all of his assets are there. Hopefully the bulk is somewhere else.
Tito said
Agree with DSL, think this is all a storm in a tea-cup
d_silver_lining said
Guy’s, we just need to see how the investigation goes….funnily enough I’m not worried at this point in time…
I was honestly worried from lastweek Friday till lastnight…but after speaking with a few people who where able to verify that $$$ was there and D.S isn’t broke….and then two close friends where able to speak with D.S, one lastnight and the other today and David assured them that money is there!!
Hang tight guys, send out a prayer…it may take some more time to get our $$$ back, but I think we will all prevail in the end!!! And all the “oppressors” out there will get their just deserves in the end!
Roli said
We have to know if D.S can pay everyone back in full. If not then this NCB thing matters naught( they did right in my eyes). Lets see what the investigation reveals.
PipUNIT said
Okay here’s what I heard. I’ve spoken with 2 separate people at LewFam. Now this is what they say “only his assets in the Turks & Caicos have been frozen, he has other assets in the USA and elsewhere that are fine.” They said the member’s money is not frozen. The majority of his money was with Oanda and that is not frozen. I asked then why can’t he start sending the money’s out then. She goes; he keeps getting delays every time he tries too. So if I understood her right I believe the money has left Oanda and the majority of it is in another bank of his (not sure where)but is safe for now. This problem involves his assets in TCI. She could not give me a timeline on when the money could go out. The biggest thing I pushed for is if he did receive his money from Oanda and it wasn’t part of the money that got frozen then why is it not being sent out. I was led to believe that the bank it sits in every time he does something is brought up and that they may be investigating him for money laundering as well.
d_silver_lining said
Tito @ 902 – I agree with you totally!!
K said
Island Girl – better yet an even better name is IClosedMyNcbAccount.com
Tito said
I think everybody should wait and see what the outcome of the investigation is.
K said
Island Girl – the website was not created. I just threw the name out there to see what people thought…If its an idea which will be supported I will be more than happy to pioneer that project.
Chick a Dee said
Burt Samuels is saying that people should band together as a group and try to get the assets free up, but it is under another jurisdiction. Turks and Caicos . He is at Knight, Junor and Samuels. Perhaps we should get some advice . I am going to watch this thing as something has to happen soon.
Roli said
suppose that 200mil was the ony money he had
Island Girl said
K can’t get on http://www.closeyourNCBaccount.com
If as reported the Leech really reported O to US authorities I am closing my accounts. The gleaner reported this. I’ll move to Pan Caribbean as suggested. Think I’ll circulate this website once I can bring it up.
Roli said
People Stop cursing NCB. The main fact is to know if DS have enough to payback everyone. If he does not have enough then that 200 Million wire should not have been paid out. It would have been illegal for them to do that. People would have gotten left out in the cold eventually. The most important thing to me now is if D.S has enough money to pay everyone back. That is the main point. IF he does, then fine. You will eventually get what is rightfully yours. If he does not, then everyone would have to settle for a portion of their investment, or maybe even nothing at all. It is the truth. As much as i personally hate NCB, they did the right thing by protecting investors. We all know how secretive DS is with acctual trading balances. I am hoping this investigation by the T&C answeres two questions.
Does D.S has the money to pay everyone back?
And if not, How whats left (if any) will be divided among investors?
Chick a Dee said
I heard the same thing internally that the wire was rejected as they could not accept it. But why Leeching had to call the US authorities, dont you see it is pure bad mind. I think because of the volume of encashment due and it over six months, people did not get paid, the amount need would be enormous. People MUST boycott NCB NOW. Pan Caribbean just opened last month in New Kingston. These monies are people hard earned sweat and blood , some of it borrowed too. Should we sit down and let authorities say our money is not clean. Most of the pple in these clubs are middle class Jamaicans, didn’t he know the turmoil this would put Jamaicans in ?. Listen they have not seen the start of crime and mayhem in this country yet. This is survival, When people house and car and way of life is threatened it is a dreadful thing. School soon start, and school fee need to pay. We have to lobby and mobilize. Nuf said.
Comment said
This just in :
Tab on OLINT investors
he Government could be forced to carry out an investigation to determine the total number of Jamaicans participating in unregulated investment schemes.
http://www.radiojamaica.com/content/view/9997/52/
Patricia said
very busy but CLOSE THOSE ACCOUNTS NOW. DITCH CABLE BUY A DISH
Floridian said
Someone on the bus of Darkness made a good suggestion…
They said that account holders at NCB should write Mr. Leeching and I agree… I’ll even help…
Dear Mr. Michael Lee Chin,
Please be advised that I am unable to service my loan with your organization because of the unfortunate circumstances that have been happening at Olint. Apparently someone has called the US authorities to freeze their accounts and as a result, they have not been able to pay me. This in turn means that I am unable to pay you. As you are aware, every time money has been wired to my account at NCB from Olint, I have immediately paid my monthly loan obligations. Your records will verify the validity of my assertion. However, please be assured that once I receive monies owed to me from Olint, I will be able to continue to service my loan. Thank you for your understanding in this matter.
Yours faithfully,
Mr. XYZ
Sandman said
http://www.caribbeanworldnews.com/middle_top_news_detail.php?mid=1080
IMF !!!
K said
Floridian http://www.closeyourNCBaccount.com
then when you do it go post your nameon the website and basically your petition start right there..I am so pissed I might just do it a r@@s and we just send it to everyong we know.
SHow dem bwoys once and for all a fi wi money mek dem rich and post profits every year.
damn bright!
Sandman said
http://www.radiojamaica.com/content/view/10004/26/
Floridian said
I hear that people start close accounts down at NCB now… I think they should pull and go open accounts at the new bank that open the other day… I think the name of it is Pan Caribbean… Not sure… But I remember reading about them a few weeks back… I’m sure they would welcome former NCB accounts… And truth be told, we haven’t heard so far that they are a part of the cartel of banks trying to bring Olint down… We hear bout NCB, BNS and Citibank… But wi nuh hear Pan Caribbean name call… Not to say they aren’t involved, but at least wi nuh hear dem name inna di mix up, mix up…
So NCB account holders should go to Pan Caribbean…
What these banks don’t realise is that people mortgage them house and land and invest with Olint… So if money don’t payout from Olint to service these loans, they are going to go into default… Now when the banks seize these houses and lands… Is who them going to sell it to???… Who done rich already have them things already, so them nuh need it… So is right back to the people who have money in Olint now that could afford it… Oh wait… Guess what?… They can’t because Olint’s funds are frozen or the company collapse… Becuase of what?… These same banks calling the Feds to lock down Olint because it is their (the banks) interest…
Think about the phrase, cutting off your nose to spite your face… They clearly have not thought this thing through…
Wouldn’t it be ironic that the man who start all these problems start to have a run on his own bank… Mi nah tell nuh lie… Mi woulda love see it happen.
jonothan said
were people paid in june?
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Leaving Babylon said
Floridian – I want to know where that $200 MM wire is, because when a wire is rejected it returns to the source, so we would assume that means Oanda has this money. Is it also seized?
Hang in there everyone. Sorry I haven’t been around much, but just trying to trust the Lord and press forward to matters at hand. If I run across any interesting reports or anything verifiable, I’ll pass it along. Jah-bless
Floridian said
In fact… Mi have another serious question mi want unnu consider…
Remember back in June, some of us got paid… The under $40,000 crew… I heard that how that was possible was that between $50 and $100 million was made available through NCB (depending on the different “sources” story)…
Now that means that NCB would have received a significant wire amount… So my question is this:-
Why if they accepted that 1st wire transfer and never report that to the Feds, why did they refuse the 2nd one for the alleged $200 million and then turn round and report that 2nd transaction as suspect?
Something not right.
Leaving Babylon said
Latest Report
A joint team of United States and Turks and Caicos law enforcement officers reportedly raided the offices of multibillion-dollar investment club Olint Corporation on those islands yesterday.
The Gleaner learnt yesterday that Olint’s offices in Miami, Florida, were also ordered closed by the US authorities who removed computers and files from both locations.
Documents belonging to Olint’s principal, David Smith, were also taken from his home. A source close to the case told The Gleaner that Smith’s assets had also been frozen by the authorities in Turks and Caicos. A close friend of Smith said he was not in Turks and Caicos when the authorities arrived there. “He got wind that they were going there, so he wasn’t there when they arrived,” the friend said.
The friend said that, in addition to Smith facing pressure from the US government, the Olint head’s mother had been receiving bomb threats in the last week. Minister of Finance and the Public Service, Audley Shaw declined to say anything about the reports coming out of Turks and Caicos last night.
Mr. Söze said
So it look like NCB is law in jca….cause if the supreme court tell u that you have to do something and you box them in them face….then you are law.
-Söze
Floridian said
Kaiser Soze…
Is where yuh been?… Yuh nuh hear that the big, bad Leeching WOLF look our Finance Minister inna him face and say him nah tek them funds inna him bank and the Finance Minister haffi love that?… So if him can tell a senior Government official that… That is that and is so it go… Nuh true him a di biggest, baddest man inna Jamaica true him a billionaire…
Is what Mutty Perkins used to call our Finance Minister again?… Oh yeah…
Water Boy Charlie… It look like him a really water bwoy fi true.
Colin said
Ducta: Been with the “lint factory” from 2006. Here’s my take on what’s been happening. Please remember tis period of trial is not for DS alone but for all of us.
“He hath showed thee, O man, what is good; and what doth the Lord require of thee, but to do justly, and to love mercy, and to walk humbly with thy God?” Micah 6:8
For those who think that they may have become larger than life, God constantly reminds us that He is in control and that He has the power to abase us. The story of Nebuchadnezzar (Daniel 4) is a reminder and my spirit tells me that it is happening here. All is not lost. God is just working.
This week I want you guys to focus on 2Chronicles 20:12. Those of you who know DS tell him to read the whole chapter.
The verse says: “…for we have no power to face this vast army that is attacking us. We do not know what to do, but our eyes are upon You.”
Mr. Söze said
So if the court ordered NCB to process O’s transactions….how does that allow them to refuse O’s wires?
-Soze
Floridian said
I think Tito mentioned here or on the Dark Shadows bus that the amount in the TCI bank is around $50 million… Which wouldn’t be enough to pay us all back… True and I agree… But remember…
There are 3 different entities to consider here: David Smith, TCI Fx and Olint
Maybe the $50 million is David’s personal assets
Maybe the $50 million is for TCI Fx acount holders
Maybe the $50 million is for Olint account holders
We just don’t know… It could be assets that are frozen for any one of those three entities or maybe another one that we don’t know about… So don’t panic that the $50 million seems small… It might actually be considered very big for TCI Fx account holders… Or David Smith’s family.
The silence thing from Olint and David a kill mi though… But nuh him lawyer dem say him musn’t say nothing fi mek anybody use gainst him.
Mi nuh know, but me woulda love him fi just mek a statement that says something like this:-
We have X Million frozen in the banks in T&C
We have Y Million frozen in the banks in USA, England, Panama, Belize, wherever
We have Y Million frozen in Oanda
We are under investigation by FBI, CIA, KGB, Oanda, NCB, BOJ, The Queen,whoever else
and finally
We are under investigation by T&C Financial Crimes Division (headed by Willie)
Comment said
Right now we have to make a quality choice to keep our minds focused on the good things of God and experience His best for your life. We must be especially on guard during times of adversity**, in times of personal challenge. When troubles strike, often the first thought that come to mind are not positive thoughts. Negative thoughts and fear** bombarded us from every possible angle. Right there, we must choose to trust God and know that He has great things in store for us at time. I think it’s a good time for us to just stay focused knowing that the battle is been fought.
Paige said
Ay Dios Mio. I am speechless and I thought that was impossible for even me. I spoke with a pig since this thing buss and apparently it appears that there is a significant amount of accounts in Olint that is somehow tied to individuals known for money laundering.
Floridian I just recently opened an Oanda account and it can be accessed from any computer via the net. So if David is the one trading, the trades can be closed with ease from any computer that has interent access.
Comment said
****correction (I have a heart)
Tito said
Definately someone wants to destroy Olint, I stand to be corrected but I don’t think Max Higgins, May Daisy, Worldwise came under so much scrutiny.
Comment said
Well # 870
The Computers mentioned in Miami/Florida might have a connection with ***MTI*** If they are still trading for Olint the rest of the **Money** might be with them. MTI is located in Florida so that might be another office that was setup for trading for Olint. please note this is just my ***Dick Tracy*** moment.
Just keep praying, everything now is just based on speculation. I think David and his family needs some support at this time. i heard his wife took it pretty hard and was in the hospital. And they have young kids that also need to be comforted in a time like this. not everyone might think this way (but i have a hear) It may be fair to say that David’s Attorney might be doing all the talking from this point on. It might not even be possible for him to speak at this time due to further investigation as to what is happening.
****NB. The Bible promises that”instead of your [former] shame” God will give us “a twofold recompense” That means if you’ll keep the right attitude, God will pay you back double for your trouble. He’ll add up all the injustices, all the pain and abuse that people have caused you, and He’ll pay you back with twice as much joy, peace, and happiness. But you must do your part and start expecting good things.
Just Some Inspiration.
jcan said
DR, I agree with you…This is bigger than what an individual can handle….We need to UNITE in prayer for God Devine PROTECTION on DS right now.
As Tito mention, this will turn eventually in an individual proofing that ones fund is not tainted. I am praying for David, this is a STEEP UPHILL BATTLE that God need to intervene.
Lord, we need your guarding Angels right about now to surround David Smith. Lord, let him feel your presence protecting him. Heavenly father let him know that at this VERY MOMENT you are carrying him in your arms..In Jesus name
Yezzirr said
Floridian
Remember that with any broker there is no need to only rely on computer as they have dealing desks where You can alwayz call in to place your order. Check up on it and Close out orders. Also more than likely, at the level of money he had and the type of business, i would assume most of Ds trading was done automated, where he programmed a automated trader with his system to make trades so he could profit 24/7 from the market. So i really doubt he was physically trading himself everyday for all these years but would make a manual trade now and again and manually manage the accounts and rely on his programmed automated trader. Thats what i would imagine. So as long as his broker has not frozen his account. Money would be automatically traded i would imagine. Just my thought
jahbilly said
Driva di BUS need a tune up again. Yu nuh peeple ah post book pon di site!!!!!!!!!
DR said
Please Lord protect David and Ingrid as they go through this crisis. Please keep your hand on our blood pressure as we anxiously await some answers in Jesus Name. AMEN!
RSI said
David always trades with stop losses