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Invest. Clubs Archive 7
Welcome and please feel free to share info on Investment Clubs for the benefit of all bloggers. Please keep the content of a high quality and of course humour is required from time to time. For older comments on this Page (Investment Clubs), please view the ARCHIVES under categories in the side bar. During the archive process, note that comments numbers unfortunately will be adjusted.
John Blacks said
wheres the site???
live&letlive said
RedP
you see what I mean when I say these guys have employed the services of a rather junior an very dunce demon of deception.
Pray RedP pray !!!!!!
RedP said
Please note I did not submit or post entry # 821, it must be my twin, the stupid one.
Geotrdr said
@819
1. Greed.
2. Who ever you hire.
3. Who ever you hire.
Have a nice day.
John Blacks said
i guess there is nothing to blog about anymore. there may have been nothing to blog about since 2007 if post 810/816 is for real.
…cuz if that is the case, the money was all done before I joined olinttci.
how could we have been so deceived?
if there is only one cent left on our dollar, who represents us so we can get it back?
what prevents DS from using my one cent (and yours) to pay his lawyer fees instead of going to jail or sleeping where small mice will get a nibble of his thiefin stink likkle toes?
scs said
nobody has talked about the olint/DS trial? I thought it was to be tomorrow 3/9/09. am i correct? or has this been post poned and i am the only one to not know about this?
Red P said
Blog Uncensored has just received the following message ALERT ALERT ALERT
I have been authorized by the federal government to disclose the names of these
Federal officers of the United States Department of Justice.
Currently these agents are actively investigating the financial conduct of OLINT and
can assist Olint claimants with American connections (green card holders or US citizens) and
also Jamaican citizens who may have been defrauded by Olint.
I encourage all Jamaican attorneys and accountants to co-operate with these officers.
Below is the contact information:-
1. Special Agent Kelly Pennington (DEA)- 407-333-7000 ; 407-509-4680
2. Special Agent Kim Pennington (IRS)- 321-441-2669
3. Special Agent Ronald Ramos (IRS)- 321-441-2685 ; 407-575-5735
RSI said
they will be nationalised soon so make no sense to buy
RedP said
Good Morning ppl.
RSI, howdy, question for a savvy investor like yourself. Citi Group closed yesterday at $1.03 . Whats your opinion? Will it go lower? Will they go under? If not is this a good price to buy or wait and watch? What was their high b4 the crash?
*Note* These questions are not aimed to make it appear that your answers would be soliciting potential customers intentionally nor admitting that you know what you are talking about.
Peace
RedP
PEI said
Maria this is where the site is now
http://64.62.146.166/
maria said
i thought this site was about sharing information,why keep it to yourself?
Live&Letlive said
A site like it is back. with even jucier news. Names blocked out.
maria said
yes, but no one has answered the question i asked.
Rabbit said
Jamaican con man among America’s Most Wanted
http://www.jamaica-gleaner.com/gleaner/20090305/news/news6.html
Rabbit said
RedP @ 810 – I got it too ….someone with a lot of time on their hands crying out for attention. Will say no more as this post has probably thrilled the poster to the core. Pitiful….
RedP said
Anybody get one of these cryptic warning / threat / spam emails?? Hmmmmmm, I just dont know what to make of it. I must say I am stumped, anyone can help me out?
Peace
RedP
——————————————————————————————–
Walk by faith not by sight.
You are all being watched day and night for many months. All comings, all goings. Can you not see?
If you are positive you must find the money back. If you are not in league with the criminals you must declare so in writing.
Sweeping arrests start around the world sooner than you think.
All is seen. Nothing is hidden. do you understand?
http://64.62.146.166
C**** B****, (t*****/**), j******, ********, ************, l******/*******, *******/******* etc. we can shield you no more. You must help yourselves.
C**** many of the faithful blacslide late at night on the internet. Be careful. Do what is right before God. Nothing is hidden.
If you do not make the declaration first then they shall judge you to be accomplices.
New Jersey, Florida, TCI, Cayman, Canada, UK ALL
Good Luck
forward this only to the righteous. Hurry.
Amen.
Comment said
Maria I was told that a few people actually copied the site before it went down. Some even screen shot it i guess so don’t be surprised if you don’t see it showing up soon on another domain/server.
Geotrdr said
What you want it for CS?
CS said
I think the question you need to ask is if there is an alternate site. Maybe it was too public and they want to start it on a new site. Which every way, i just want the site.
PipUNIT said
Does anyone know if DS’s court date is still set for March 12th?
RedP said
Maria, maybe Bushmaster got what he wanted, whatever that was. Who knows what his agenda was?
maria said
anybody know why the site across the way which was posting peoples e-mails and deposit amounts isn’t showing now?
Mercury Vapor said
American Greed – Driven by Greed
http://www.dailymotion.com/video/x7my1y_american-greed-driven-by-greed_news
Mercury Vapor said
Hi RedP, yeah it was an interesting episode of American Greed. RedP, do you have the channel CNBC? That’s where American Greed comes on. I’ve seen quite a few episodes, and I must say they are educational as well as entertaining. The schedule for American Greed can be found here:
http://www.cnbc.com/id/18057119/
RedP said
Merc @ 802 Great post!! Really sad though. Hope the same doesnt hold true for Missa simmit.
Mercury Vapor said
American Greed – Preying on Faith
http://www.dailymotion.com/video/x7my28_american-greed-preying-on-faith_news
dehustle said
This really should be posted on ” Talk General ‘
But what do you guys think of the Vaz /Dabdoub ruling , I agree with the by-election ruling whilst I am no fan of Vaz . Abe dabdoub has a now predictable history of trying to get to parliment via the courts rather than by the will of the people
If he really deserves the seat why is he so against a by -election but rather want the courts to just hand him the seat by defauilt ?
Appeal Court upholds Supreme Court ruling
Friday, 27 February 2009
Western Portland is heading for a by-election
http://www.radiojamaica.com/content/view/15908/47/
RedP said
Maria, further to what JSM posted, keep in mind that the JA dollar has slid approximately 20% since September.
JSM said
TO 797, MV: I wish I knew for sure whether the JA $ will continue to slide. I am still tied up with some deals on the market with securities that have slid too much to sell at this time. The steep decline has not helped. But its a storm we have to weather. The thing with the JA. $ is that once it slides it does not reverse.
I spoke to a personal friend of mine at NCB yesterday about these bonds. I did not ask her whether or not there is a penalty for early withdrawl. If I had to bet I am sure there would be. It would not make sense if one would be allowed to withdraw early and not be penalized. You can check to see if it worth doing.
hd said
With emphasis on “It’s difficult to invest such a deluge of money efficiently. It also indicates that something may be ‘too attractive”…..plus with such deposit rates why bother to invest it when you can pay directly from the deposits.
And while the Stanford scandal is still unraveling, an early tipster has emerged: Independent analyst Alex Dalmady questioned Stanford’s returns in a piece he penned for a Venezuelan economic publication and first floated the idea of fraud. In his article, he wrote: “The bank’s deposits have grown from $624 million in 1999 to over $8.4 billion at year-end 2008. That’s an average compound growth rate of 34%! Now, that [emphasis his] is unusual. Very aggressive deposit growth is usually a ‘red flag’ for banks. It’s difficult to invest such a deluge of money efficiently. It also indicates that something may be ‘too attractive.‘”
http://money.cnn.com/2009/02/25/news/madoff_stanford_playbook.fortune/index.htm?postversion=2009022516
Mercury Vapor said
Hi JSM, do you think that the JA dollar will continue to decline? Also, if investors buy BOJ Treasury Bills and Reverse Repurchases, and the JA dollar does continue to slide, can they “cash out” early? Or are they “locked in” for the duration of the Treasury Bill or Repo?
JSM said
To 794, MARIA:
Good Day Maria, I am not sure if you are in JA or the US. If you are in the US and intend to convert US dollars to JA dollars to buy these Govt. Bonds it does not make sense. At first glance the 24% seems attractive but consider these factors.
1.This Debenture Issue matures in fifteen months.
2.What you will be doing is Hedging. By this I mean that you will be saying, (Hoping), that during that period of time the JA $ will not slide more than 24%. If you already have JA$ by all means go ahead and do it. But at the rate of decline of the JA$ I don’t think it worth it. If you already have JA$ then it is a fantastic deal.
THE ABOVE STATEMENT IS ENTIRELY MY OPINION. I AM NOT TELLING YOU OR ANYONE ELSE NOT TO BUY THESE BONDS.
Live&Letlive said
Nothing maria
That is one of one of the ways that Gov and banks make money in a round about way ofcourse
maria said
question, what is preventing people from borrowing funds at 0.5% in china and buying government paper in jamaica at 20 odd % ?
Mercury Vapor said
“Interest rates are extremely high with the 180-day Treasury bill at 24.26 per cent and BOJ reverse repurchase rates on 180-day and 365-day instruments at 21.5 per cent and 24 per cent respectively. The Jamaican dollar has devalued 23 per cent from $72.06 at the beginning of September 2008 to the current $88 level.”
http://www.jamaicaobserver.com/magazines/Business/html/20090217T230000-0500_146384_OBS_JAMAICA_S_RECESSION_DEEPENS_.asp
Brown said
If ppls hard earn cash are frozen, in the long run who will end up getting those $$
Brown said
Continue to pray for DS and his team
Live&Letlive said
RedP
If we assume that bushmaster is really Rob Rowson then I think he really broke into the computers to find somthing to sink the Martinez but ALAS he found all this juicy info look and see the trend of bushmaster posts. He loves the bit when the Halmark accounts show money sent to Itrade Fx and MTI. when we do not comment on it he posts it again check it out.
The things from Bushmaster that have me concerned do not seem to be bothering anybody else. When I have time Or probably in April I am going to ask the blog to tell me what they think.
Guys from bushmasters emails do you see how many beggers, sellers and friends DS had approaching him in 2007…..
Now all him have a two church sista a pray and fast. lIFE FUNNY
what a gwaan said
Major Neil Lewis I need your contact number for you. My email is millwaye@yahoo.com. I email your customer care center and no reply. Please Major email me.
RedP said
@ PEI, Mi head big but not that smart.
It would seem to me that Bushmaster more has an agenda to embarass/upset/expose Sir simmit. I dont think he would go as far as posting ppls personal i.d. info as what Comment was alluding to, it appears that he more has an axe to grind with olint and the politicos. But hey, what the heck do I know?
Peace
RedP
Wayne Worlds said
Comment @781/783
What about the Madoff Client’s List that was made public by US Government?
http://media.miamiherald.com/smedia/2009/02/05/08/MadoffList.source.prod_affiliate.56.pdf
what a gwaan said
Saw this message on Blog Uncensored:
Blog Uncensored has just received the following message ALERT ALERT ALERT
I have been authorized by the federal government to disclose the names of these
Federal officers of the United States Department of Justice.
Currently these agents are actively investigating the financial conduct of OLINT and
can assist Olint claimants with American connections (green card holders or US citizens) and
also Jamaican citizens who may have been defrauded by Olint.
I encourage all Jamaican attorneys and accountants to co-operate with these officers.
Below is the contact information:-
1. Special Agent Kelly Pennington (DEA)- 407-333-7000 ; 407-509-4680
2. Special Agent Kim Pennington (IRS)- 321-441-2669
3. Special Agent Ronald Ramos (IRS)- 321-441-2685 ; 407-575-5735
Live&Letlive said
Comment @781
Do you think Rob Rawson cares????
SAD
PEI said
Very interesting. Mercury V and RedP what you bigger heads make of this
http://www.abengnews.com/?p=1430
Comment said
JSM : I see your point. But we are speaking about asking legally for something. The US GOVT would not be posting peoples private identification matters and SSN on blogs that is my point. It has not happen yet but you never know when you will see you identification on WX something more private.
The US Govt. is going after UBS, not to post the information on a public display but rather to build there case internally.
Good to see you online just the same, even though we may have different views.
As I said take this for what it’s worth but I personally think this is serious.
JSM said
At Post 781, Comment: What is happening at WX is happening all over. The US government tried app. 6 years ago to have the Jamaican Govt disclose to them the names and SS# of all Jamaican Nationals (Citizens and Green Card Holders) who have accounts in Ja.
Now the US Govt. is going after UBS for them to disclose the names of Americans who have secret accounts. That is a very bad thing. We are no longer living in a free society.
See article attached. If this is done then all these names will be out to the Public.
http://sanjose.bizjournals.com/sanjose/stories/2009/02/16/daily80.html?ana=yfcpc
Comment said
Just my thought!
I agree with certain points taken on some blogs, but what is going on over at “WX” can be serious, and even more serious when crimes are committed based on outside elements knowing who has money at home and in there accounts and location. I can defiantly see a spike in crime and kidnappings based on allot information being released. This may look very funny and Investigative now to many but serious in the end.
Can you imagine if they started to post clients ID’s with Pictures, TRN numbers, Jamaican Passport and US Passport Information, personal Addresses and US Social Security numbers (SSN). Most people had to use some form of Identification when they joined and many used the following listed above. This could lead to wide spread fraud and other forms of identity theft and crimes It’s one thing when you have lost money in Olint but another thing to be also victimized by the situation based on other peoples agenda. This has nothing to do with a person being naive or silly for trying something that seemed lucrative at the time. I’m sure if more sensitive information is released it will be bound to become a federal investigation into peoples personal information being released such as SSN US Passports etc.
Take this for what it’s worth but I personally think this is serious.
Peace.
Mercury Vapor said
My word, look at the chart for General Motors:
http://finance.yahoo.com/q/bc?s=GM
The stock is now at $2.00 a share, down from $25.00 a share a year ago…ouch! Also, 5 years ago it was at $50.00 a share.
Mercury Vapor said
Hahaha…Mark Wignall was David Smith’s Wata Bwoy!!! Hahaha…I tell you, the “Robot Bus” made me laugh. Seriously, Mark Wignall is a sellout, I don’t care what he has to say, he deserves a jail cell right next to David Smith.
Also, guys what has happened to Cash Plus? Why have we not heard anything new about Cash Plus? Has the investors got back anything from this ponzi scheme? Even 5 or 10 cents on the dollar, anything? Or has the Reciever “eaten out” all the money…the little…that was left? Bwoy I tell you, Jamaica is a great country! I can’t believe I left!
Kevin said
Geotrdr your post is there now. Whenever that happens just try again. Thanks for letting me know.
Geotrdr said
Cant post in the FX Traders Section. Admin, can you check it out please.
Kevin said
Coreg, you had posted this on an archived link, so I’ved copied it here
Coreg said
Hello Bloggers,
I would like for you all to look into all this new information that has suddenly been appearing on a certain blog it seems that we could learn something from the “book the art of war”. You see bloggers sometimes people use there own cause to start a massive war to make it seem like it’s being done from the other side and make it seem legitimate. I will not say much more about this but please look into the sudden burst of information flooding the blog. There have been very good PR people working under allot of aliases to manipulate the situation and that is just what they want us to believe when they are the same ones at with us. It goes to show the level of security that O provided in keeping clients information safe. We need to ask how could this happen and why it’s all coming out light. If it just a cover up on O part?
Patricia said
OH MY!!! oh my !!! Obama just came out “the beast” and insisted on waving to the crowd…on parliament hill here in Ottawa…what a sight..the people r in a frenzy…Harper must feel like crap..HUSH
Rabbit said
Mark Wignall – “The Olint saga: I was not David Smith’s boy!”
http://www.jamaicaobserver.com/columns/html/20090218T230000-0500_146431_OBS_THE_OLINT_SAGA__I_WAS_NOT_DAVID_SMITH_S_BOY__.asp
Live&Letlive said
Stanford and his employees gave federal candidates $2.4 million nationwide in the last two decades.
Cornyn received $19,700, making him the fifth-largest recipient, according to an analysis by the nonpartisan Center for Responsive Politics.
U.S. Rep. Pete Sessions, R-Dallas, was the second-biggest recipient, collecting $41,375 – nearly all of it in the final weeks of the 2004 race against then-Rep. Martin Frost.
A Sessions aide declined to comment.
Cornyn and Sessions chair the GOP’s Senate and House campaign arms, respectively.
Stanford donated heavily to both sides. His biggest recipient was Sen. Bill Nelson, D-Fla. ($45,900).
Sens. John McCain, R-Ariz., and Chris Dodd, D-Conn., were also in the top five.
A McCain aide said this morning that the senator would donate an equivalent sum to charity.
As for President-elect Barack Obama, records show Madoff, his family and associates only contributed a few thousand dollars in total to his campaign.
as given to charity a $4,600 campaign donation from fugitive money man R. Allen Stanford, who is accused of $8 billion in fraud.
President Obama’s campaign hBut he wasn’t the only Dem — or Republican — waiting for Madoff to dole out the dough. Among the more prominent recipients of Mad Money were:
– Massachusetts Rep. Ed Markey
– New York Sen. Hillary Clinton
– Massachusetts Sen. John Kerry
– New York Rep. Carol Maloney
– Massachusetts Sen. Ted Kennedy
– New York Rep. Charles Rangel
– New Jersey Gov. Jon Corzine
– New Jersey Sen. Frank Lautenberg
– Former Missouri Sen. Dick Gephardt
– Former New Jersey Sen. Bill Bradley
Madoff also hedged his bets and kicked in a few bucks to select Republicans, such as:
– Former Texas Rep. Jack Fields
– Arizona Sen. John McCain
– Former N.Y. Rep. Vito Fossella
– Former Louisiana Rep. “Billy” Tauzin
– Former N.Y. Rep. Daniel Frisa
– Former N.Y. Sen. Alfonse D’Amato
FRESH PRINCE @769
I KNOW THAT WE HAVE BEEN PROGRAMED TO BELIEVE. THAT JAMAICANS AND ALL THINGS JAMAICAN IS THE SCUM OF THE EARTH …….BUT PLEASE NOTE NUFF OF THE MONEY from madoff and stanfoed WAS NOT RETURNED BY MOST OF THE AMERICAN POLITICIANS.
Mercury Vapor said
Jamaica has got to be one of the most corrupt countries in the entire world! With these politicians how can anything ever get better here? I was happy when the JLP won because Jamaica really needed a change. I thought the JLP could do a better job of running the country, and didn’t think it was possible to have a government that is more corrupt and incompetent than the PNP (which I HATE HATE HATE!!!). But I was wrong, the JLP is worse than the PNP!
Rabbit said
Night all
Interesting article….
Some Madoff investors are seeking relief from tax agencies:
– Lawyers recommend claiming Madoff- related losses as theft losses, which can be used to offset ordinary income.
– Some advisers are also telling investors to file amended returns for prior years.
– Even tax experts aren’t sure how the IRS will rule on these and other issues.
The Wall Street Journal article can be viewed by non-subscribers for the next 7 days @ http://online.wsj.com/article_email/SB123492015025305063-lMyQjAxMDI5MzE0ODkxMjgwWj.html
Rabbit
Fresh Prince said
Hhhmmmm, I wonder if the tiefing martinez crew are members of the notorious Mexican Gulf cartel. DS conman extraordinary? I think not. he was a sprat swallowed by some Whale sharks.Only sad thing is we are the plankton inside his belly
Fresh Prince said
On another note this Stanford dude was a big contributor to the democrats and republicans. Now McCain is donating to charity the amount he got and Obama is donating to a homeless charity in chicago an amount representing what he got.
You dont hear nothing like that from the shameless corrupt bastards in JA who name “politicians”….both parties should hang their collective heads in shame, as well as the indiviual members, who benefitted personal and as politicians.
To all you teifing, corrupt bastardly politricksters “brap brap!!!!!”
Fresh Prince said
Liveand letlive, listen man DAVID SMITH is a conman. Done with the what if.I dont care who and who was in the club, him con the whole of we. Big and small, just like Madoff and all the other big conmen.Again, I personally know of people who were advised by “big” people at NCB and BOJ to tek out their money between Sept and October 2007. Those people were not tellers. trust me on that.
Live&Letlive said
Fresh Prince
Which account were they monitoring????? The accounts in jamaica were been watched by the ordinary little members, Memba Seh Tellers can view accounts and we all had OLINT account# at NCB FCIB and FG. It was tellers that told a lot of us what was going down with CPLUS in july 2007
I want somebody to tell me what went down at RBTT with Jeoy’s account in late 2007 that info could help with finding the truth about our money
FOLKS WE HAVE BEEN CONVINCED BY THE BLOGS THAT DS WAS NO TRADER!!!!!!! but think about this:
Check out entries # 2457,2458, 2559,2467,and 2468.FROM THE BUSHMASTER Source of fund (SOF) list They (JMMB) did not pick up that DS COULD NOT MAKE THE RETURNS HE POSTED FROM THEIR EXPERIENCE WITH HIM AS A WORKER…
NO man this DS is a conman EXTRAORDINARY!!!!! or mightbe NOT mmmmmmm
PEI said
REDP..mi know yuh a God bless pickanini, but careful mi really wouldn’t want nobody come tek set pon yuh so careful how yuh a meet people. Nuff vagabond deh bout. Me nuh know yuh from Adam, but me just feel seh yuh is a good yute and nobodda put yuhself inna nuh danger. Pray wid dem pon phone.
Fresh Prince said
What I think is that between BOJ and the bankers association they were monitoring the accounts and put 2 and 2 together. One big rumour, again it could be true, is that around september to October nuff bank people and boj people were told that if they had money in O and CPlus they should get it out. So you know how it go. After each one tell one the encashments requests started flooding at that time. Also the court cases and DS continued refusal to be regulated and produce finacials and trading proof were making people nervous. It was also obvious that people like MLChin and FSC were doing everything to disrupt the busines as usual.I personally know people who got a nudge late 2007. By the time most start to act it was too late. Money done.The ordinary little members who didn’t have “contacts” never had a clue until it was all over.The shame is, you had pigs taking people money between October and January when they knew or ought to have known that O was collapsing. Those people who gave pigs money in that time frame should demand proof that the pig wired on deposited the funds with O, and didn’t just do things on Paper.
Mercury Vapor said
Hi Fresh Prince, if the rumor is true I wonder how these politicians found out that Olint was not legitimate? They must have gotten the information from insiders? Or, was it the collapse of Cash Plus that made them nervous? No wonder the Prime Minister has been so silent on the Olint affair. The politicians got back all their money so they’re all “fat and happy.”
Fresh Prince said
Yes Mercury that rumour has been going around ….I dunno if its true. Maybe something close to that happened.under the circumstances I guess you cant blame them
Live&Letlive said
Comment
I tried to contact The SEC but did not get very far. Can yo give it a try als
Mercury Vapor said
You know I heard a rumor that in late 2007 a group of “bad man” from Jamaica went to the Turks and Caicos and demanded that David Smith give them all the money that they had in their accounts. Not wanting to get shot, David paid the “bad man.” The payout was significant and probably caused the ponzi scheme to collapse. The “bad man” were sent by politicians…take a guess from which party? I suppose they found out…maybe through inside information…that Olint was really a scam, so they wanted their money right away, and if David didn’t give them…right away…his family should start planning his funeral. So, I was wondering if anyone else had heard this rumor?
FuzzyOriginal said
Thanks Comment
Seems like I will just kiss the loss goodbye. It is difficult when all you have is a print screen of your account. It shows growth but it is not real. My take is to absorb the loss and forget about it. If money shows up one day, then we can file the appropriate forms. In any event, you are restricted to $3000 loss per year. I have enough loss in other investments.
Patricia said
Allen Stanford’s 25 page SEC complaint is on .docstoc, courtesy of Huffington Post
http://www.huffingtonpost.com/2009/02/17/sir-r-allen-stanford-bein_n_167605.html
Looks like DS was mimicking the big boys..Madoff and Standford etc etc…..next minute we’ll hear that O’s funds were invested with them too…if ah dont laugh ah will cry..LOL!!!
Comment said
Lion heart this is what i cannot understand with the system in JA and TCI, if you read right away A receiver has been appointed to “preserve assets for investors”, the SEC said.
Why is this not happening with OLINT no one appointed to preserve assets for anyone. So i guess they have enough time to giveaway what they want.
I wish the SEC could jump in and do the same for others investors.
LionHeart said
Dem Thief yah bare face bwoy….. Have people money a sponsor cricket and a live big life…
LionHeart said
Texan billionaire and cricket promoter Sir Allen Stanford has been charged over a $8bn (£5.6bn) investment fraud
LionHeart said
http://news.bbc.co.uk/2/hi/americas/7895505.stm
Sir Allen Stanford charged for fraud. ….The SEC said the fraud was “based on false promises and fabricated historical return data”……
Comment said
Hello Fuzzy 747
I just spoke with my Accountant in NYC to see how i could class the loss. He pretty much said to me that it could be two things:
1. Casualty Loss: which means that you would have to file a police report because it’s world income and them use that information on the taxes.
2. Investment Loss: which would show in this case you would need statements showing that you had a loss, so in other words you would have to wait until olint case is heard in March to determine if you will get back any money or not or write to Olint Lawyers questioning if they will be eventually folded. He also mentioned that you will need to know when you realized that payments stopped.
Not everyone will agree with me but that’s what i was told. You can research also if needed.
Geotrdr said
Thanks Rabit. That was way better than the previous one liner about Rove. Sorry that things did not work out for you with Rove. Maybe you can keep an eye on them and see how their new strategy works out.
As for the Fx Traders section, I think meaningful and intelligent posts that focus on developing traders skills will bring it to life.
Live&Letlive said
They were direct facilitators of this massive scam by creating , helping to create or fostering a climate that helped to lead people to lose their hard earned money.
SOOOO if you RED P had money in OLINT and told some one that you had money in OLINT and told them you trusted DS that is why you are taking a chance. They said thanks man I will investigate DS, Upon investigation they put their money into OLINT ….. NOW BOTH YOU AND YOUR BETHRENS money is GOOOONE and he blames YOU for scamming him. If you did not tell him and he heard you were a MILLIONIRE in 2012 YUH KNOW WAH HELL WOULD A BRUK!!!!!!
People if DS TEEF yuh money a YUH FI BLAME NOT POLITICIAN AND CHURCHMAN
fi 18 years dem beg unnuh fi vote fi labour and dem will give unnuh road light water etc etc etc AND UNNUH NEVER DID!!!!!!
FROM Christ was crucified churchman abeg unnuh fi give unnuh life to JESUS and him will give unnuh Eternal life etc etc etc AND UNNUH NEVER DID!!!!!!
For One DAY politician and churchman tell unnuh fi put unnuh money in OLINT and David Smith will double it in 12 months. RAHTID THE WHOLE JA AND DIASPORA SELL EVEN DEM GRANNY FALSE TEET and barrow pan dem neighbour land title AND PUT THE MONEY IN OLINT
DUH DUH EXPLAIN
MEK UNUH LISTEN WHEN THEY SAID GIVE UNNUH MONEY TO DAVIS
Mr. Söze said
Just posted over there. Is anyone currently actively trading? I know some people on this blog believe DS was making a couple mil (in the beginning at least) before he started getting too much cash. I wonder if those people trade.
-Söze
Rabbit said
Fuzzy Original @ 747. I’m with you. I filed the TDF 90-22.1 for 2007 but with all that has come to light cannot see filing one for 2008.
Rabbit said
Geotrdr @741 – I guess my comment on Rove wasn’t fair. After all they are courteous, transparent, and they communicate with their investors.
I signed up with Rove in June/July last year (when they had they temporarily allowed a min investment of $1K). I increased my investment with them and then slowly decreased it. Our overall position is a loss. They did almost no trading in Dec and Jan and they now have a new investment strategy. The prior strategy was short term and from my short history with them they only traded on currency pair – EURUSD. The go forward strategy is primarly long term fundamental trading with some technical short-term trades and they are now trading cross currency pairs and they have indicated that their long term positions may have exposure to gold and silver. The results for the month to date are not positive. I’m concerned about this radical shift in strategy and whether they have the experience to do this in a profitable manner.
How is your trading going Geotrdr? I think you have expressed interest in getting the FXtrader section of this blog going again. How do you propose resuscitating that?
Rabbit
On and On said
“They were direct facilitators of this massive scam by creating , helping to create or fostering a climate that helped to lead people to lose their hard earned money. ”
Yes rush limbaugh and when did they do all that?? AFTER THE FACT???Misplaced self righteous anger at it’s best.
FuzzyOriginal said
Yes folks still here reading the blog. Hope the year has been good so far. Well for me fortunately I was able to make it to jazz and blues (best yet). Took me 14 days before I got back to the US. Although life tuff, people in JA still find a way to mix some fun in it. Anyway, on a more serious note
Question to all. How does one declare “gain” for tax purposes when your investment is gone for over a year and more than likely it was a victim of a ponzi scheme?
Also, (for those living in US)how can you file a TDF 90-22.1(foreogn bank accounts) when all your money is gone. Just thought I throw that one out.
stimu said
I think it is evil that someone has published the info on peoples account,and the name of members. This is a set up the tax man will be calling soon.fu@#$%^xxxx#@%^&#!%%
RedP said
Nocotec said-
That dude on the 4 bus, Kevin, owes everyone an apology and so do people like Patricia, RedP, StressNotBlessed, and on and on…
They were direct facilitators of this massive scam by creating , helping to create or fostering a climate that helped to lead people to lose their hard earned money.
Jay, on February 15th, 2009 at 11:50 am Said:
Agree Nocotec, now they are asking for prayers.
jon, on February 15th, 2009 at 2:09 pm Said:
they’re still blocking posts on the # 4 bus. i agree with you nocotec. they played an important role in separating thousands from their hard earned money.
—————————————————————————-
You know I have come to respect you guys for some of the intelligent posts that you write but give me a break, the above is absolute rubbish.
Please tell me how we seperated ppl from money. I only found these blogs when money STOPPED coming and I wanted to find out what was going on. No I did not listen to you and yes I was gullible and got carried wide like THOUSANDS of others. I am not no bigshot that get back my money so dont bodda call my name.
Now tell mi supm, do i have money for anyone else?? Did I force or put a gun to anyones head and tell them to join Olint?? Did Patricia or SNB happen to do so as well??
Did we create a scam to lead ppl to lose there hard earned money??? Once again, mi have money fi ppl?? I am feeling it just like EVERY OTHER Olint account holder guys, along with Patricia and SNB. Its amazes me that someone as intelligent as Noco can write such crap and two more intelligent ppl agree with it.
Look like unnu drink too much whites this weekend, mind yuh fall off your high horses in all your smugness.
Peace
RedP
Overchill said
I think it’s time to reveal some of the assets of some of the people behind the scenes, for everyone to see. Maybe then something will start to happen.
DR said
want a big joke?
Take a look at page A5 in Sunday’s Gleaner…Feb 14, 2009
Are people still trying to put money in schemes?
Live&Letlive said
Rabbit
I was very happy for wireles myself but was very disturbed by four things
1 Most of the info especially the emails did not reveal much outside of a very normal bussiness
2 It never told me where the money went
3 Tons of private emails and very few if any from David Smith with any meaningfull info . who cares about begging politicians. BUT THEN AGAIN WE WAANT JUSTICE FROM THE MP…….
4 My independent research showed too much of the emails to be only part of the story. Just enough to make us stress, blame and cuss
eg one blogger was cussing the wicked agent who was selling Bramaer on behalf of a teef like DS when infact did not own 1c Bramear….
Question from wireless expression inf is
Why didnt DS use funds from NCB to secure cost in the OLIINT FSC case??????
REDP etc etc they ( Robot BUS) say you folks are PART OF THE SCAM FROM DAY 1 ha ha ha ha ha
Geotrdr said
Hello Rabbit,
I do not have an account with Rove but I am curious about your experience with them. Can you please elaborate on why they are a joke. Thanks.
Rabbit said
Hi Comment…so good to hear from you. All that truly matters is well here thank God.
Hope things are going well with you and your investments. Rove is a joke… I am on a hunt as well, trying to preserve the pennies…
Every blessing
Rabbit
Comment said
Rabbit: How are you doing long time. Sorry i never answered you post, but i have been just trying to find new areas to put what little i have left in a safe haven.
Comment.
Rabbit said
Morning all! Hope you have a wonderful Sunday.
From Mark Wignall’s column….however he offers no explanations….
“…The problem I have with one blog is not so much that I have been featured in it nor even that some have suggested that I was paid to write columns promoting Olint. That I can defend.”
http://www.jamaicaobserver.com/columns/html/20090214T210000-0500_146216_OBS_MUSINGS_ON_THE_CHILDREN_S_FUTURE.asp
Interesting that wirelessexpressions is down. While I question publishing information on the ordinary fellow investor and the means of gathering this info, some of the posts have been quite revealing and we now have an idea of the nature and perhaps extent of O’s generosity. Bushmaster and Puppetmaster, you went out on a limb to expose this – I hope you stay safe.
Rabbit
Rabbit said
Morning all! Hope you have a wonderful Sunday.
From Mark Wignall’s column….however he offers no explanations….
“…The problem I have with one blog is not so much that I have been featured in it nor even that some have suggested that I was paid to write columns promoting Olint. That I can defend.”
http://www.jamaicaobserver.com/columns/html/20090214T210000-0500_146216_OBS_MUSINGS_ON_THE_CHILDREN_S_FUTURE.asp
Interesting that wirelessexpressions is down. While I question publishing information on the ordinary fellow investor and the means of gathering this info, some of the posts have been quite revealing and we now have an idea of the nature and perhaps extent of O’s generosity. Bushmaster and Puppetmaster, you went out on a limb to expose this – I hope you stay safe.
Rabbit
Live&Letlive said
1956teach
so now you have a lot family and friends to lend/give a few thousand US$$$$$$$ to. Because trust mi bredren dem bruk. YOUR OPPPORTUNITY to be a great friend……..
1956teach said
uncensored blog is down, not sure if it crashed or taken out of service i saw lots of friends and family
Mercury Vapor said
Turks premier to resign
PROVIDENCIALES, Turks and Caicos (AP): Premier Michael Misick yesterday said he would step down as leader of The Turks and Caicos at the end of March. He cited a lack of support for his scandal-plagued government.
The surprise announcement came hours after the Caribbean nation’s deputy premier and finance minister resigned, citing differences with the colourful Misick, whose jet-set lifestyle has helped turned The Turks and Caicos into a celebrity hot spot, but has fuelled corruption allegations.
“What the country and our party need now more than ever is stability and certainty,” Misick said during a press conference at his office. “I have tried in recent weeks to create this. It now appears to me that the divide within the party is too deep.”
Misick said he would step down as party leader on February 28 and resign as premier on March 31. Floyd Hall, the outgoing deputy premier, said Misick’s decision to halt a legislative session in December as lawmakers moved to enter a no-confidence vote against him effectively brought the government to a standstill.
Misick’s financial dealings are the focus of a British investigative commission that concluded hearings this week as it probes a range of corruption allegations, including that Misick and other officials profited from the sale of government-owned land.
Misick was elected in 2003 and is serving his second term. He is also the island’s tourism minister. Since he took office, the gross domestic product in the territory of 22,000 people, has more than doubled to $750 million, largely through a resort-building boom.
http://www.jamaica-gleaner.com/gleaner/20090214/lead/lead7.html
Mercury Vapor said
My God, do you see the long list of names of people who had money in Olint? It is posted on the “Uncensored Blog” and I know that even this list is not complete, because I know people who had money in Olint and their names aren’t on that list, or any of the other lists on that blog. This is one of the reasons why this ponzi scheme lasted as long as it did, because there were so many members. Plus, all the names on that blog doesn’t include the thousands of people who were piggybacking on some clubmembers.
Mercury Vapor said
Ponzi Schemes and HYIPS
http://alansmoneyblog.com/2009/02/14/ponzi-schemes-and-hyips-free-money-traps/
LionHeart said
Jaydee @ 729
or anyone else…
How do you report Olint losses on US tax returns? I am curious.
Jaydee said
MV,
I think the evidence of fraud on the part of OLINT will come down to proving their rate of return numbers.
If you look at the numbers in your post 645, where TCI FX reported 1.87% return for March 2008 and OLINT reported 16.04% and Lewfam reported over 14%, you have to wonder about the validity of the numbers. That return was the largest ever one month return posted at Lewfam and probably at OLINT. The reported numbers came at a time when the club was about to fail. What that reported gain did was cause a number of people who were waiting to invest to go ahead and put their money into the clubs. Two of my friends put in money that month because of the reported gain. They never got a dime back.
I knew when I invested that FX trading was risky. I advised anyone who was investing in the club of that risk. I was willing to face a month of negative returns every now and then as long as the postive returns kept me from losing money. The clubs NEVER reported a negative return because they were afraid of losing members (and their money). I can only assume that if there actually was any trading going on that it did not generate the income that was being reported. When the big dollar members started pulling funds out in the end of 2007 and the beginning of 2008 DS could no longer meet the encashment requests and the club failed.
If you have to think about what was being traded, MONEY, it’s the most liquid assest you can have. If the money was in a legitimate account it would be a phone call away from being available to pay out to members. The only way it would not be available would be if the trade was negative and cancelling the position would mean a large loss. That should not be the case with the world’s greatest FX trader. He would have had stop losses in place on every trade.
I also started to suspect the validity of the numbers when I asked someone at Lewfam about how events at OLINT and with David Smith would impact my account. I was told that what happened at OLINT had nothing to do with Lewfam! I told them that was interesting because the person that referred me to Lewfam told me that the Major was trading an account at OLINT and paying members, minus a fee, from that account.
Well I hope the numbers get settled soon, even if it is 0 dollars left so I can report the loss on my taxes.
Live&Letlive said
why shame shame on Claudette and Owen. please explain
JSM said
JSM to Post 716: Pat that was a GREAT POST.
Still around, Respect to everyone that is Still Holding on out there.
While you were Sleeping SDBG has gone from $12.00 on Jan 8, 2009 to close today @ $19.50. For those calculating that is an increase of 62.50%. Sometimes we have to look in Different locations to find Mustard Seeds.
If you are wondering the stocks is going back to $26.00.
Oh, as I always say, “This is not a Solicitation to Buy or Sell shares of SDBG.”
Have a most wonderful weekend.
PS: To the Ladies, HAPPY VALENTINE’S DAY.
Fresh Prince said
CLP on wirelessexpression said this:
“I have to agree with searching4scam. While I am no particular fan of James Robertson, I see no relevance in posting the man’s address in florida.
While I don’t necessarily agree with Bushmaster posting depositors information, there is at least relevance to the issue.
1. It shows who is involved.
2. It might explain why the media has been hush hush about it . why? because many still believe, while many are downright embarrassed and some where probably colluders.
3. The e-mails, especially those surrounding the manipulation of the media and the attack on NCB, if true, demonstrate serious challenges to our democracy and is therefore of Public Interest. It shows how influence wrongly used can manipulate a society.
Many bought in, hook, line and sink, given the apparent endorsement by Wignall and others writing in the daily papers. Ideas of the banks fighting against the small man certainly sown all around
If Olint turns out to be Ponzi, which it appears to be or have become, many, I tell you many will be embarrassed, if they are already not embarrassed.
Form Financial Analyst point of view, I am particular bothered by the appearance of Claudette Crooks, Today Money Limited and Owen James to name a few…. shame, shame, shame. No wonder the FSC got such a fight. Who wants transparency?
As for the Church men they will get a clearly understanding of deception. If something is a lie no prayer or fasting can change it to truth, neither any prophecy.
“Oh what a tangled web we weave, When first we practice to deceive””
The point about the manipulation of the media to suit Olint/DS purposes and attract “investors” is a good one..that really has serious consequences for a society…makes you stop and consider things you hear and read about in the media..you now have to question every single thing because there maybe a hidden agenda.
So many people should be ashamed of their involvement in this big fraud..some where duped no doubt, others prolly never gave 2 hoots whether it was for real or a scam. WHy people are not calling for justice and resignation of the PM I dunno know….he took money from a ponzi organization to fund his party’s campaign
and yet all is quiet..Bwoy..only in JAMDOWN.
CP said
What do David Smith… The people not buying the nonsense anymore
RedP said
Sorry di mannahs good ppl. Hail up #4 crew. Also have to give props to the other blogs still, at least some light is being shed. Or is it darkness?? Who the hell knows.
Love and peace ppl, be blessed.
RedP
RedP said
I’m sorry but I have to ask, what the heck Jonah has to do with Olint?? Bwoy Sir D, come better than that man. How can you expect your membership to support you with nonsense like that?? Come man, do better than that. We are still patiently waiting, please dont mek matters worse for yourself. Give the full hundred, the unbridled truth, thats all we ask iyah. The truth shall set you free dude, if not it must at least take some weight off of your chest.
I have been an ardent supporter of yours, but breddah when you espouse crap like that it hard yuh know bredren. If you notice most of your support base has become silent. The ball is in your court dread, I recommend you try put it into play.
Peace
Redp
Rabbit said
Saw this article in today’s Observer….no comments.
Asked last week on Hot 102’s Drive Time Live, what investors can expect from Olint, Smith said he could not comment at this time but suggested that they pray to God. He also said people should recall the biblical tale of Jonah in the belly of the whale.
What Smith meant by that is not certain…..
See more at –
http://www.jamaicaobserver.com/magazines/Business/html/20090212T230000-0500_146163_OBS_OLINT_INVESTORS_MUST_NOW_LOOK_TO_GOD___SMITH_.asp
DR said
Live Let Live and Mercury V….
thanks for the update…..Blessings, Respect!
Mercury Vapor said
Re: Post 706
Hahaha…that post had me laughing!
“Mi haffi go fly to Paris now wid mi tracey, mi will bring all mi club members back a picture.”
LOL!!!
Fresh Prince said
Imagine Barbados and Latvia are beating Jamaica.
VOTE PEOPLE and email the link to others.
Fresh Prince said
Help Jamaica get some good publicity,especially for Tourism…
click on the link to vote for JAMAICA, as a country MATT LAUER from NBC should visit
http://www.msnbc.msn.com/id/23960057/
Patricia said
oh btw given that US citizens taxed on the worldwide income, it would be interesting for eg to see D. Vaz’s situation, pre his renounciation of US citizenship….
Honestly, the Nyam and Scram leader needs to resign.The info coming out doesn’t look good.
Patricia said
British Govt gave list of Olint depositors to US authorities, and the IRS combing through to see who are US Citizens/Greencardholders, and checking to see what tax reporting they did wrt those funds.
Patricia said
http://www.wirelessexpressions.com/olint/breakfastclub-20090212.asx
…..For those who didn’t catch this it’s quite interesting
Concerned said
Bwoy, It seems like scamming virus going around and the ones catching it are the ones you least expect! Too much tiefing people deh bout. All a we money tek way by the con artist them and now things getting really tough a yard and abroad. BTW, nobody is saying anything about MD/Ingrid. I don’t understand, unuh no have no money in a Maydaisy. Anybody know what’s the latest, as I haven’t seen any communication on their website since late last year?
Mercury Vapor said
Hey Leaving Babylon, long time no see. Glad you’re on the bus again, you’ve been gone a long time.
RedP said
LB pardy!! thought you dropped off the face of the earth!! good to see you back. Guess we all in the dark now eeh!! haha what a hattaclapse. This better then any soap opera!
Leaving Babylon said
Greetings family – RedP MercV still from the old bus
Sorry for the long delay, just had to keep pushing in the real world and labor in the Spirit. I spoke to a trader friend recently who knows David quite well and even he is really in the dark. I haven’t gotten anywhere with the Financial Crimes Unit and so I guess that we’re all stuck waiting for the next hearing.
I’ll try and catch myself up in the blog – bye for now
LittleT said
I think searching for Olint assets is a good idea. If DS thinks he is going to jail, I dount he is worrying about the investors. He is trying to secure all he can for his defense and for his family.
Mercury Vapor said
Posted on the “Robot Bus”:
YOUR FEEDBACK, on February 9th, 2009 at 8:55 pm said:
Does anyone know who owns a few buildings in New Kingston including the INDIES PIZZA place building? Take a guess starts with O and ends with T.
We need to start looking into the names on some of these properties. I bet you would find allot of hidden assets around in Jamaica bearing that name.
Mercury Vapor said
Good morning L&LL, you’re up early today. Well, PR for a legitimate forex trading company…that’s fine. PR for a ponzi scheme…that’s something else.
Live&Letlive said
Mark Wignal have nuff to write about next week
But really and truely Who do you think influences what come in the paper….
MV why are you lifting off your hat to DS
PR a part of every bussiness… All Don had to do was sell his services to him and the rest is history
Mercury Vapor said
Well, it seems that Mark Wignall of the Jamaica Observer was being paid to write positive articles about Olint. I hope that Mr. Wignall gets thrown in jail with David too!
We knew from long time that Olint made significant contributions to the two political parties in Jamaica. Now we know that they paid huge sums of money for positive PR (Press Releases) in the newspapers…as well as sponsoring the Jazz and Blues Festival, starting the Olint Foundation, etc. Have you guys seen how much Olint was paying for all this? Millions of dollars being spent yet investors can’t get their encashments!
Well, I guess it was money well spent. Their PR campaign certainly worked. Man, I tell you, David Smith you are good…you are very, very good. For the rest of my life I will probably never encounter a criminal mastermind like you again. Many will try but none will ever come close to you.
Hats of to you David.
Mr david FX said
lawd it sweet me, mi trick all a unno and you did just fall into mi trap. How unno so dark. Mi love jamaican people fi reel reel.
Mi caan stop laugh all now. You should see my car still, boy mi have dis one car dat mi can talk to and it do what mi seh.
Anyway mi good ppl, mi coulda gi some ppl back them money but lawks when yuh see the zero dem inna mi bank account, Mi just caan bodda den.
God weh provide fi unno still, just whole di faith.Mi haffi go fly to paris now wid mi tracey, mi will bring all mi club members back a picture.
Sincerely
David Smith, the god sent one
sandy said
David no amount of money in the world can prevent what is going to happen to you and the ones you love and have befriended.
John Blacks said
if him a really tief there is no right to that kind of privacy.
i worked hard for most of the money he has/had for me. what i did not work hard for is ‘borrows’ that i still have to go work harder yet to repay.
criminal nuh have no rights!
John Blacks said
Prince-
DS has NO private financial affairs.
Him have our money. So is OUR affairs and we want to know.
Annoymus said
Some say please say this list is not right because it is so not correct!!
Mercury Vapor said
Did anyone watch TVJ News last night? What exactly did Daryl Vaz say?
Mercury Vapor said
Re: Post 694
Hi DR, Carlos Hill is still free. His court case hasn’t come up yet. If there is any justice in Jamaica he will get sent to prison and do some hard time.
Fresh Prince said
Everybody want the “full hundred”. What I want to know though is where do you draw the line? Posting lawyer/client communication on a public blog is wrong. I hold no brief for DS. they need to skip the trial and lock up his a$$, but I dont agree with the posting of people’s private financial affairs and their communication. Just wrong. I guess because of all the cover ups and political hypocrisy from Golding dont to the bottom feeders they just to let it all hang out.
What we know is if there wasn’t all this “charity” ,political contributions, fool fool court cases and lawyer fees, bonuses, consultant/facilitators fees etc etc then more people would have had their encashment requests met in 2008.
DS YOU DECIEVED, DEFRAUDED AND BREACHED PEOPLE’S TRUST. IF YOU THINK ALL THE MONEY AND ASSETS YOU HAVE HIDDEN WILL PROTECT YOU AND YOUR FAMILY THINK AGAIN. GOD DONT LIKE UGLY.
chilly said
Now that the authorities in the Turks have finally shown their hand with the formal charges agaist DS, he will now have his day in Court to defend against specific charges, instead of enduring an endless investigation spanning multiple jurisdictions. One way or another the full 100 will come to light.
As long as DS has not done anything to INTENTIONALLY rob me of our investment, I hope he survives these charges. That of course is just me. Others will not be so forgiving.
Live&Letlive said
DR
I saw Carlos Hill driving in Norbrook a few weeks ago. No Jerry Curls but him did look a bit Mash Down. However he was free.
Live&Letlive said
john Blacks
If is Con DS con us well he used the Church the name of the Lord and NUF NUF church leaders and their good name to give himself credibilty to pull of the scam.
REDP knows that God do not find thase tricks funny and will deal with DS his children and his children’s children in the WORST WAY. I am now hoping for DS sake that he knows where the money is!!!!!!! At Least Carlos Hill did not go the God loves you route LOL
John Blacks said
caant sleep so AMEN again
DR said
Mercury Vapour.
Blessings.
Is Carlos H really in jail? I never heard that….I’ve been wondering what has happened to him.
I know that Max H of Warn**…..cannot be found….even heard that his 2nd was killed….Can anyone verify this?
Notice how many other “heads of schemes” are quiet….very quiet… no need for me to call names…just look around.
I think we just have to move on…..When God is ready He will replace the money that we all lost in the schemes. AMEN!
John Blacks said
amen
RedP said
Sir Blacks,
If i cant walk in forgiveness, how can I ask God to forgive me? ppl may view this as a sign of givin up and givin in or a sign a weakness and havin my head stuck in the sand or not wanting to face reality. Far be it from that my friend. I am able to forgive but that doesnt mean I have to forget or not learn supm from this. My money is still my money, not David Smiths or anyone elses, if I get it back, fine, but if not a jus so, I done move on longtime my friend.
Ppl may view christianity as some crutch for weakhearted ppl, thats cool. But its in my surrender to Christ that I have the strength and power to forgive someone and rise against my circumstances, rather than wallow in my self pity. I would rather be strong in Christ and appear weak to the world. In my surrender to Him I have my victory in Him. Odd concept isnt it?? Only God can make a winner out of a loser.
Love and Peace
RedP
John Blacks said
i hope that what is left of the money (if there is money) will be returned to the investors by the courts ASAP.
DS is a wicked piece of crocus bag cloth.
Dat man knew he was in trouble and still even after the middle of 2008 was allowing new Olint TCI accounts to be opened.
I say he has had malicious and unfair intent as he misled us all with fictious returns that to date have not been validated.
His emails to us members since the so-called gag order is an insult and borders on blasphemy with his inclusion of reference to God.
If all this proves to be a big lie on his part, all i can say is that he used our cash to buy his way into hell!
Mi know RedP a think ‘well him can ask forgiveness up to the last second before his death and be forgiven…’
RedP said
Hey Merc, what can I say? God is good bredren!! See my post #674 and my last two posts in talk general.
Bless Up Merc
Mercury Vapor said
Hey RedP! How you doing? Hope you’re well, and that your business is doing well too.
RedP said
Merc yuh busy man!! hahaha Big up!
Mercury Vapor said
To everyone on the blog, I’m sorry but the money is done. There is no money left in Olint. The only good thing that can happen now is that David Smith and his cohorts get thrown in jail for a very long time. People, go to the Fraud Squad and make a report. Justice needs to be done!
Mercury Vapor said
Fresh Prince said: “The charges seem odd in light of the magnitude of this. I still believe the money done. but I just dont get DS behaviour. Why drag out the thing so long and make it come to this.”
It’s not unusual for a con man who is running a ponzi scheme to try to drag things out as long as possible. If he can get money flowing into the scheme again, then he can start paying investors and then, possibly everything will get back to “normal.” Look at what happened with other ponzi schemes like Cash Plus. After that ponzi scheme stopped paying Carlos Hill tried to drag things out, remember the payment schedules that they showed in the Gleaner? Look at Higgins Warner right now, why is Max still trying to continue that ponzi scheme? Why doesn’t he “lock up shop” and close his website down? No, that fool will continue until he gets caught by the police and gets a jail cell right next to Carlos Hill.
David Smith doesn’t want his ponzi scheme Olint to end. He wants it to keep going. Look at the high life he was living when Olint was doing well…living in a mansion…traveling in private jets…spending lots of money in casinos. Now, if you were David Smith, a master con man, would you want it to end? Of course not!
Fresh Prince said
One thing David’s charges have been for theft-took people money and dont give it back..but I guess they need to prove the dishonest intent.To decive, to defraud.
He has been charged with false accounting-He himself admit the accounts wrong
Issuing false documents-what are these false documents? Is it the so called Oanda emails that people said was a fake? allnow we have never heard that this issues has ever been resolved.
The charges seem odd in light of the magnitude of this. I still believe the money done. but I just dont get DS behaviour.Why drag out the thing so long and make it come to this. And btw, how come Wayne not arrested???
Fresh Prince said
Bushmaster’s postings on wireless should be very useful for the Income Tax Department and the Fraud Squad.
PEI said
Jay, on February 9th, 2009 at 5:25 am Said:
There is chaos over there now on the #4 bus. I think some persons have finally seen the light.
The moderator is nowhere to be seen and most of the diehard “Olinters” are just reading but not posting.
_____________________________________________________________
So who cares. Is not everybody have time fi labba labba all day long. It nuh change nutten. People have their life to get on with. Who inna Jamaica where the place literally pop down better stop fass wid people an go look bout themself. The dollar is practically 90-1 and people a lose them wuk lef right an centre..pure evil and crime in the communities and idiot people ah chat crap bout chaos pon de bus??? WTF???
RedP said
Thanks Drivah!! Yuh still a di best!!
Live&Letlive said
Thanks for the comic relief john blacks God knows we need it .
Bway you conspiracy theory is worth a thought
Mercury Vapor said
John Blacks said: “David Smith: Christian or Tiefing Grease Can”
Hahaha…that’s funny!
Mercury Vapor said
John Blacks, well that’s an interesting conspiracy theory. But the truth is usually much simpler. Olint was a ponzi scheme, it collapsed, the police now know it was a ponzi scheme and they arrested David Smith. Simple, eh? Now they have charged him and have confiscated his passport. The months leading to his arrest gave them time to see if there was any wrong doing, which they found. Now they have more time to dig deeper, and look at JIJ Investments, Astra, Usimo, etc.
John Blacks said
David Smith: Christian or Tiefing Grease Can
God will never forgive him if all this is true.
If him a really liard, MAY THE ETERNAL BURNING OF HIS SOUL start before the judgement trumpet is even lifted to right angels lips!
John Blacks said
i just feel ds is a strategic chess playing man who know what him a do to all of us and dont give a quak anymore.
all the bs about gag order…
how can him have our money and cant at least tell us that it safe?? or how much him have?? or exactly how much dem seize?? unless him really dont have it anymore.
John Blacks said
if there is such strong evidence of fraud, why was DS bail so immediate?
it is possible DS has links with TCI police (with all the money he has flashed around town) and HE had THEM arrest HIM….to cause more controversy and buy more time…. CONSPIRACY THEORY.
After all, he knows he may be safer there than in Jamaica.
This would not be the first time the media and jail/arrest are played for public effect. Hip Hoppers in the US used to use this strategy (getting arrested,selling gangster images of themselves etc a lot)to boost their sales.
Sirach said
Am I still banned here? Let us see….calm down because I have only just begun and it way more advanced than you think.
RedP said
Hail up Merc V!! Whaappen bredren?! Big up DW and all Texas crew. Merc! yuh come like Sirach now, a post all 1 million time!! hahahahahaha Great to see you back though!!
All be it yuh turn likle negative now. I can understand why still and dont judge you at all bredren.
I am one of those “unrealistic” mad smaddy who still dares to think positively my friend.Ultimately God has the last word. All a wat you see goin on is pure big man set up bizzniss, nutn more and nutn less. Sir Smith is at fault as well, but lets face it, him mash some corn that dont like get mash and not used to it either, spesh when dem see big dollars run outta dem door to one likle hurry come up bwoy.
Den it look like that as righteous and God fearing that every one seh sir D is, it still look like him only human and imperfect like the rest a wi cuz guess whaappen?? Money nuh fly up inna him head and when him see alla di bigshot a run him dung like him is some hotti hotti, well what yuh expect?? Pride and arrogance nuh muss start rule him?? Why you think PRIDE is an abomination to the Lord my friend?? Because ultimately it causes the downfall of man.
So now, membah Granny seh “Watch how yuh kip frien and company!!” ? Well guess what?? It dont look like Missa Simmit didda watch too hard!! haha Nuh true?? It look like high life, money, big dry weather friend and them aunty/uncle, sis/bredda all lead poor smitty down a slippery slope, and him did too big fi realize seh him was too busy a live big life, out of his depth and not managing bizzniss!!
Aah mi friend Merc, Pride and arrogance, two terrible tings dem deh, they have been the ruination of many a great man and woman. So yes, Sir D is at fault as well, lead away and astray like the prodigal son, into a world that he new nothing about, sad dont it?? Especially sad when He went wid yours and mine hard earned dollars!! Well I mussi fool fool bad cuz my money did part wid me right quick!!! hahaha If a nuh laugh mi dead!!
Amidst all these circumstances my friends, God is a circumstance destroyer, in a sense. I am kind of glad that this has happened to me. It has brought me to a place of absolute peace, calm and joy that none of my money thats in Olint could ever give.
God is there my friends, waiting on you like a great big loving Father, waiting to say to you “Enter thou into the joy of the Lord”.
Merc V, peace mi bredren, hang tight, all is not lost, there is more going on than meets the eye.
God will have the last say concerning this, whatever that may be.
Bless up people, Love unnu.
RedP
RedP said
Hail up Merc V!! Whaappen bredren?! Big up DW and all Texas crew. Merc! yuh come like Sirach now, a post all 1 million time!! hahahahahaha Great to see you back though!!
All be it yuh turn likle negative now. I can understand why still and dont judge you at all bredren.
I am one of those “unrealistic” mad smaddy who still dares to think positively my friend.Ultimately God has the last word. All a wat you see goin on is pure big man set up bizzniss, nutn more and nutn less. Sir Smith is at fault as well, but lets face it, him mash some corn that dont like get mash and not used to it either, spesh when dem see big dollars run outta dem door to one likle hurry come up bwoy.
Den it look like that as righteous and God fearing that every one seh sir D is, it still look like him only human and imperfect like the rest a wi cuz guess whaappen?? Money nuh fly up inna him head and when him see alla di bigshot a run him dung like him is some hotti hotti, well what yuh expect?? Pride and arrogance nuh muss start rule him?? Why you think PRIDE is an abomination to the Lord my friend?? Because ultimately it causes the downfall of man.
So now, membah Granny seh “Watch how yuh kip frien and company!!” ? Well guess what?? It dont look like Missa Simmit didda watch too hard!! haha Nuh true?? It look like high life, money, big dry weather friend and them aunty/uncle, sis/bredda all lead poor smitty down a slippery slope, and him did too big fi realize seh him was too busy a live big life, out of his depth and not managing bizzniss!!
Aah mi friend Merc, Pride and arrogance, two terrible tings dem deh, they have been the ruination of many a great man and woman. So yes, Sir D is at fault as well, lead away and astray like the prodigal son, into a world that he new nothing about, sad dont it?? Especially sad when He went wid yours and mine hard earned dollars!! Well I mussi fool fool bad cuz my money did part wid me right quick!!! hahaha If a nuh laugh mi dead!!
Amidst all these circumstances my friends, God is a circumstance destroyer, in a sense. I am kind of glad that this has happened to me. It has brought me to a place of absolute peace, calm and joy that none of my money thats in Olint could ever give.
God is there my friends, waiting on you like a great big loving Father, waiting to say to you “Enter thou into the joy of the Lord”.
Merc V, peace mi bredren, hang tight, all is not lost, there is more going on than meets the eye.
Bless up people, Love unnu.
RedP
Mercury Vapor said
L&LL said: “You have that size ponzie running with all the mans document at your disposal and after months you want more time to charge DS then in three weeks the TCI police contacts some investors CONVINCE THEM THAT OLINT IS A PONZIE and they fill out some complaint forms Alast the DS is charged. Within minutes he recieves STATION BAILl for almost J$90 million dollars. told to go back and live yourlife we will touch back base with you who have defrauded thousand of people Millions of dollar in the next 6 months. Remember now they have had the man papers for 6 months already.”
Good point L&LL, the police have had months to look into the operations of Olint and it appears they need more time. My thinking is that large ponzi schemes are hard to investigate. I don’t think it is a simple thing. We know that Olint had money in various forex brokers and we know that Olint transfered money to JIJ Investments. We know that there were numerous clubs in the U.S. and Caribbean that were feeder clubs to Olint. Now given the scale of all of this the police need alot of time to investigate everything. Remember that TCI is a small Caribbean island, it’s not the United States with their FBI, SEC and NFA. Resources like money and detectives are not unlimited, and Olint has to be investigated in TCI, Jamaica and the U.S.
So, in my opinion it will take alot of time to fully investigate this ponzi scheme and find all the crooks behind it, as well all the money was coming from and were the money was going. Do you remember Cash Plus? They found over 100 “shell corporations” connected to Cash Plus, and money from Cash Plus investors was found in Germany and Hong Kong?
Trust me L&LL, investigating a large ponzi scheme is not easy. If the TCI police, based on what they have seen so far from David Smith’s records, believed he was not a con man…they would not have arrested him. Now they can continue to search for more information on the con man and his ponzi scheme, they have taken away his passport…so hopefully he cannot flee the island…and gather more evidence so that they will have a strong case when he is tried for his financial crimes.
Mercury Vapor said
But the last run that occured on Olint in late 2007 was one that the ponzi scheme could not survive. With payouts of large amounts of money in late 2007 and not enough money coming in from “new investors” Olint collapsed, it’s as simple as that. David Smith however, unable to accept that the game was over has been giving excuse after excuse as to why he can’t pay clubmembers back their money, either interest or principal. If David Smith had even a little common sense, he would have taken a few million dollars and left TCI in early 2008 and go into hiding. Maybe in Central or South America, get a fake name and fake passports, driver’s license, etc. and get a house in Brazil, or Honduras, etc. But he didn’t, I guess he believed that he could continue this ponzi scheme forever. I guess he believed that money would always be flowing in and Olint could survive any run. Well, looks like he was wrong, I guess he’s not such a master con man after all.
Mercury Vapor said
Oh, and “Where did DS get the money from to pay back most of us in 2006?” That money came from money that Olint investors were putting into the club. Money from themselves, or money from people piggybacking on the clubmemebers, or possibly from feeder clubs like Lewfam. That’s my opinion on how Olint survived the runs that occurred on it. It’s a ponzi scheme, when the run occurred they were able to pay everyone because money was still coming in, and the money that was coming in (new investors) was enough to pay members (old investors).
Mercury Vapor said
L&LL said: “Peter Bovel claimed that he saw the oanda records but since 2008 DS refused to show him. As you know DS and PB have two differernt reason why for that. What was PB looking at if one cent was never sent to OANDA. Where did DS get the money from to pay back most of us in 2006. Why did he stop taking money from all pigs feeder clubs etc for a few months in 2007. How could that help his ponzie plan.”
Hmmm…interesting, Peter Bovel claimed that he saw the Oanda records. It’s possible the records David Smith was showing Mr. Bovel were false. Or maybe they where real and Olint really did have some money there. But again since it’s a ponzi scheme, that money is gone. It is either completely gone or very little is left. The money there was probably what David Smith used to pay the encashment requests in late 2007 when some of the “big men” pulled their funds out.
You asked why did he stop taking money from pigs and feeder clubs in 2007? I don’t know L&LL, but how do you know that he did indeed do this? Did the people at Olint tell you this? Did David Smith tell you this? How do you know they were telling you the truth? Did they provide any real proof of this? Probably not, David Smith is a crook…or should I say a master con man. Only a master con man could create the kind of ponzi scheme that Olint was. David is clearly not an amateur, the man is good, he is very, very, very good.
Mercury Vapor said
L&LL said: “The email that they showed us at the office saying it was to Oanda and the email from Oanda re the sending of money in may or june. Well I saw it at the office but have not seen or heard of it on the blog. I would love to see it again to give it a more indepth look.”
Ok, well L&LL I believe Olint is a ponzi scheme, so that email was most likely fake. Right now, is either there is very little money in Oanda, or more likely there is no money at Oanda. David Smith is a con man, it’s nothing for him to create a fake email.
It looks like David Smith was simply moving money around in the various forex brokers like I-Trade-FX, FXCM, etc. He created the illusion that he was trading forex, when in reality he wasn’t, he was just moving the money around. Using deposits from new investors to pay old investors.
Live&Letlive said
MV
Think about this, L&LL you read the “uncensored blog” and the “Robot Bus” too. We’ve seen lots of emails of people corresponding with Olint, as well as financial records such as deposits. Why haven’t we seen anything from Oanda yet? Think about it. If there was money there it would have been leaked to some of the blogs by now
This is a good argument and the thought has crossed my mind!!!!! many times.
The email that they showed us at the office saying it was to Oanda and the email from Oanda re the sending of money in may or june . Well I saw it at the office but have not seen or heard of it on the blog. I would love to see it again to give it a more indepth look. Did you see it at the office.
Somebody Please post that email!!!!!
Peter Bovel claimed that he saw the oanda records but since 2008 DS refused to show him. As you know DS and PB have two differernt reason why for that.
What was PB looking at if one cent was never sent to OANDA. Where did DS get the money from to pay back most of us in 2006. Why did he stop taking money from all pigs feeder clubs etc for a few months in 2007. How could that help his ponzie plan.
MV
I do not know what to think about the investigation in TCI. You have that size ponzie running with all the mans document at your disposal and after months you want more time to charge DS then in three weeks the TCI police contacts some investors CONVINCE THEM THAT OLINT IS A PONZIE and they fill out some complaint forms Alast the DS is charged. Within minutes he recieves STATION BAILl for almost J$90 million dollars. told to go back and live yourlife we will touch back base with you who have defrauded thousand of people Millions of dollar in the next 6 months. Remember now they have had the man papers for 6 months already.
Assets frozen at FXCM listen to the interview on cliff Hughes the American man says he cannot give the name of the account holder all he can say is he got orders to freeze the account.
JAMAICAN police says that case with FXCM was money laudering drug case
TCI police says they think it was fraud at FXCM too (that should not be hard to find out TCI TO US)
David Smith/ wayne Smith says they do not know the hell what we are talking about they do not have anything frozen by the USA government.
DO YOUR OWN CHECKS I DO NOT KNOW THE HELLL WHAT TO THINK.
Us gov do not freeze then investigate that is not uncle Sams style so by now the blog should be steaming with the US freeze story OR IS there a GAG ORDER there too Lord help me !!!!!!
MV Said
Olint was a ponzi scheme. It collasped in late 2007 or early 2008 when some investors pulled out large amounts of money. When all this money was taken out, it was not possible to continue paying the high interest that Olint was promising, so encashments stopped.
MV you said no money was at OANDA because the blog would have shown it in the bank statement that they have posted. BIG QUESTION Where did the investors pull this large amounts of money from The blog has not shown this either.
I do not think any money was added to the platform in 2008. The money we gave during this time was used in small payments and for overheads(THAT IS WHAT I THINK) The Due deligence thing was hard to follow up. Johnathan Simpson who is now at Scotia should be able to answer a few well placed question on that one.Wachovia and oanda was not very helpfull to me.
MV I am NOT TRYING TO CONVINCE YOU !!!!!
love the fact that you took the time out to give me & other bloggers some food for thought.
Just thought I would share my thoughtst/results of many long distance phone calls with the blog
. see ya
jk said
any one catch cvm news tonight about ww?
Mercury Vapor said
L&LL said: “Olint certainly has many of the warning signs of a ponzi scheme, TRUE WORD they were always there. I do not see any more signs now than before I place my money in Olint.”
When you and I invested with Olint, it was not being investigated for money laundering. David Smith wasn’t out on $1 million bail and accused of theft, forging documents and false accounting. There are definitely more warning signs now. I mean, if there is no evidence of wrong doing, why was he arrested?
Mercury Vapor said
Hundreds seek loans for lawsuits
HUNDREDS of disgruntled Jamaicans have been visiting the offices of Future Services International (FSI) Limited, seeking funds to pursue civil cases against entities and individuals who have caused them injury.
This is according to Yaneek Page, managing director and risk management specialist at the island’s first full-service litigant support company.
“There is indeed a rush, and right now we are having some challenges to meet the needs and demands…” Page told the Sunday Observer. She said, for example, that during the last three months of 2008, the company received more than 1,000 applications for financial assistance.
Page’s clients are those who have suffered loss, injury or damage of any kind in Jamaica, at the hands of another party. Her clientele range from lower middle class to lower class individuals, but she was distressed that some of the individuals seeking redress have the “same type of addresses” – inner-city addresses.
Some of the cases for which funds were sought included: Sexual harassment; employer/employee dissatisfaction; contractual breaches; civil cases against agents of the state, including the security forces; and grievances between individuals.
To date, more than 800 people have been successful in receiving funds through the FSI, which Page said was established out of a need to help individuals access justice in a timely manner.
The FSI provides up to $250,000 per case, and individuals repay the agency after settlement. Individuals seeking assistance must first present written statements of their cases, plus a valid identification to guarantee further consideration. If the case is viable, clients are sent for legal advice.
Noting that while the demand for money for redress was great, Page expressed disappointment for some clients that their cases were statute barred.
“When someone is still trying to seek redress for a case that is five years old, you can see that there is a lot of anger out there. So some people come to us with cases that are statute barred, or close to being statute barred and so we have to put a rush on those (cases).” she told the Sunday Observer.
In addition, Page also pointed out that some of the complaints levelled against individuals in certain professions were not only terrible, but “quite shocking”.
“You would be surprised to hear some of the complaints that we have had against some individuals, and in particular some professionals. In some instances, some of the more seasoned individuals in some professions are the ones who the complaints are about. These are sometimes some people with very public profiles.” the FSI boss noted.
She also admitted that the FSI has been forced to turned down some requests for funds, and not because these people did not have strong cases.
“We have had to turn away some individuals with good, strong cases. But when you evaluate the cases, it is just not worthwhile to get counsel to go to court to try to recover $10,000 or $15,000, when the attorney’s fees is perhaps that sum per hour.” she explained.
The company, which opened its doors last June, does not offer legal advice and does not pursue criminal matters, Page emphasised. She said the FSI relies heavily on the legal profession, and expressed gratitude to “those in the profession who have shown interest, and have made themselves readily available to serve the interest of justice”.
Future Services provides a no-hassle, 24-hour approval for loans and requires no monthly payment nor credit references or checks, its website states. The company also does not require clients to provide collateral for approval, and neither are guarantors required.
Page said the concept is revolutionary in the island, and represents renewed confidence in the dispensation of justice in Jamaica, and operates on the founding principle that “anyone who has suffered legal damage should not be excluded from getting the justice they deserve because they don’t have the money or resources to vigorously pursue an action.”
http://www.jamaicaobserver.com/news/html/20090207T230000-0500_145911_OBS_HUNDREDS_SEEK_LOANS_FOR_LAWSUITS_.asp
Mercury Vapor said
The were members on this blog that repeatedly told us that a “Due Diligence” exercise does not work like this. How can a broker tell you you can’t withdraw money from your account, yet you can still trade the account, and you can still add money to your account? The members on this blog that tried to warn us about this foolishness…thank you. You were giving us good advice, although at the time many of us didn’t want to hear it.
Mercury Vapor said
When Olint stopped paying in early 2008, the excuse they gave was that the was a “Due Diligence” exercise being done on their brokers. So clubmembers could not withdraw funds from their accounts, yet still David Smith could continue to trade those accounts? And clubmembers could continue to add funds to their accounts? Due Diligence…lies…lies…all we got from Olint were lies!
David Smith was no great forex trader. The man is a con man, a lier, a theif. David Smith has lied enough, I want no more of his lies. Olint was a ponzi scheme, it collapsed, and now it’s time for David Smith and his cronies to go to prison. That’s the only justice that’s going to come out of this thing.
Mercury Vapor said
Olint was a ponzi scheme. I have to say it again, and again, and again so that we will no longer have “the wool over our eyes.” If you have loss a substancial amount of money in Olint, go to the Fraud Squad and make a report. We have been giving David Smith the benefit of the doubt for too long now. Why has he not shown the world some credible proof that he was trading forex and making profits that way? If David Smith was a real forex trader we would have seen him on CVM News by now with his lawyers showing real proof that he is indeed “one of the world’s greatest traders.” He has not, what we have gotten from Olint is silence. Oh, well there have been a few emails, but those were more like a “slap in the face” of clubmembers.
Olint was a ponzi scheme. It collasped in late 2007 or early 2008 when some investors pulled out large amounts of money. When all this money was taken out, it was not possible to continue paying the high interest that Olint was promising, so encashments stopped.
Mercury Vapor said
L&LL, it is no longer reasonable to believe that there is money in Oanda. If money was there it would have been frozen by the U.S. Department of Justice. Remember there was $3 million in FXCM, and that was frozen. So if there was any money in Oanda, after months of investigations by the police in TCI, we would know about it by now. Remember that the police seized documents and computers from Olint’s office and David Smith’s home. Sorry, L&LL but there is no money there.
You say why would David open up his trading records and accounts to the world to see? He wouldn’t have to L&LL, when the Financial Crimes Unit raided his office and home they would have found those records and accounts, right? So far, it doesn’t look like they have found anything in Oanda, because there is nothing in Oanda to be found.
Think about this, L&LL you read the “uncensored blog” and the “Robot Bus” too. We’ve seen lots of emails of people corresponding with Olint, as well as financial records such as deposits. Why haven’t we seen anything from Oanda yet? Think about it. If there was money there it would have been leaked to some of the blogs by now.
maria said
arite baby, we deh pon di same page, lol.
Live&Letlive said
No maria No Oh God No
Mi see eye to eye with you.
I was refering to blogs on The other bus and the unsensored, They are cussing politicians because they have access to some begging emails NOT EVEN THANK you note to confirm receipt.
Like you I would not care If DS give them his money BUT GOD MI WOULD A BEX FI KNOW THAT HE GAVE THEM MY MONEY. IF THAT IS THE CASE THE MAN FI CUS IS DS NOT THE BEGGING POLITICIAN DEM.
mi nuh so bright but mi understand English lol ha ha
maria said
l&ll who exactly are you accusing of blaming politicians? i surely hope is not me cause if so you need to go back and re-read what i wrote or ask someone to explain if you dont undertand english.
Live&Letlive said
MV
Olint certainly has many of the warning signs of a ponzi scheme,TRUE WORD they were always there. I do not see any more signs now than before I place my money in Olint.
I see you line of reasoning re oanda and you have a good set argument. But I must tell you this, when I am making my baby’s feed no matter how much I am rushing to sterilize the bottle she is only sreaming will not stop untill I push the bottle in her mouth.
Would you show all your trading records and accounts to the world when man and man a wait to charge you with money laudering?????? Money laudering charges can be implied charges
Mi a give DS time to sterilize the bottle ha ha ha
I think this DS arrest will lead us closer to the TRUTH
Mercury Vapor said
L&LL, I forgot to say, I have no proof that Olint is a ponzi scheme. I can only look at all the facts that I have and make an educated guess. Olint certainly has many of the warning signs of a ponzi scheme, so that is my conclusion.
Mercury Vapor said
L&LL said: “DS gave an explanation on the radio for the movement of money with I trade FX that could make sense.”
I think…if I remember correctly…he said the money was being used as a float, to pay encashments in Jamaica. That reason doesn’t sound good to me. Why have money in a forex broker then, why not put the money in a bank? As for this money in Oanda, I don’t buy it. Why has David Smith not showed club members or the media…and I mean media like the Jamaica Gleaner or TCI News…proof that there is money in other trading accounts. Going on the news and providing real proof that there is money in Oanda, or PFG, or wherever should have been done a long time ago. David Smith has not done this because he can’t do it. He can’t provide proof of any money at Oanda or any other forex brokers because there is no money at any of them. The money is gone…finished…missing…disappeared…vanished.
If there was any real money left, 50 million, 100 million, 200 million or more, we would have seen real proof of it by now. We haven’t because it isn’t there.
Live&Letlive said
that plain load was to have read plane load ha ha ha ha oo
RedP you have too much insight I see you have been talking to the TCI police.
That Mark knighton is such a bad actor!!!!! I think he should open his fist, let go off the OLINT/DS banana and slowly pull his hand out of that monkey jar. If he does not the monkey catcher are going to get him!!!t
Breakfast is raedy bye
Live&Letlive said
Thanks MV
condolences accepted
The OLINT AND TCIFX results were first brought to my attention by a guy from the capital blu camp
I was very uncomfortable with it and did some investigation and was able to proove to a point that DS is not the only trader for TCI FX. I am still not very comfortable with it.
If I trade FX was DS main or only trading platform wi corners dark
Only a relatively small amount of money went to ITrade according to the NFA complaints documents
We all heard FXCheif praying loud for some of DS business on his platform in mid 2006
The question is where was the money before that?
DS gave an explanation on the radio for the movement of money with I trade FX that could make sense
BUT BUT BUT I became uncomfortable with the Itrade FX /DS relationship when DS said on unsensored blog that he is not speaking with the Martinez because the NFA case was on . The problem is NFA said that case was closed and no penalties was awarded weeks before that (YOU CALL NFA and verify) SO WHAT CASE WAS DS TALKING ABOUT?
Money was sent to OANDA from OLINT
David was trading at Oanda and was even involved in some spiking argument in 2008
Oanda was Audited by NFA but what were the results?
When the plain load of jamaican arrived in TCI in july I was told first hand that documents and conversations with OANDA was what was used to cool them down.
The above for me raise question but is not a smoking gun that says ponzie. but them again you have been begging me to wake up
MV do you have proof that DS has NO MONEY AT OANDA if you do please share them with me.
Mercury Vapor said
“Between August 2006 to May 2007, Olint and TCI deposited almost $100 million into its trading accounts at I-Trade, but only a small percentage of these funds were used for trading purposes. By May 2007, Olint and TCI had withdrawn the vast majority of the funds from its I-Trade accounts. However, approximately $50 million of the funds which Olint and TCI withdrew were sent to JIJ Investments, a company owned by Martinez and his brother and father, Jacob and Jared Martinez (owners of I Trade FX).”
Taken from the “Robot Bus,” it is an excerpt from the NFA report into I-Trade-FX.
http://investforlife.wordpress.com/2008/07/09/nfa-hits-i-trade-fx/
Mercury Vapor said
L&LL, there is the issue of Olint transfering millions of dollars to JIJ Investments. That’s a company owned by the Martinez family. In the radio interview David Smith said that the money was given to them to trade forex. Well, when I joined Olint TCI I wasn’t told that my money was going to be sent to JIJ Investments or any other company to be traded. David only acknowledged this after it came out in the NFA investigation. Olint couldn’t have had the common decency to tell clubmemebers where their hard-earned money was going.
Now, if he is “one of the greatest traders in the world,” why is he sending money to be traded by JIJ Investments? Wouldn’t he be better than any of the traders at that company? Have you seen the performance of I-Trade-FX managed forex accounts? The performance of those accounts were pathetic. Why would “one of the greatest traders in the world” or maybe even “the greatest trader in the world” be giving money to those losers?
Mercury Vapor said
Police await formal local complaints against Smith
Local police investigators say they are yet to receive any formal complaints from Jamaica against Olint boss, David Smith. On Thursday, Smith was arrested and charged in the Turks and Caicos Islands following a probe into fraud allegations against him.
Smith is on charges of theft, false accounting and uttering false documents. He has since been granted bail and is to appear in court in August. Head of the Major Investigation Task Force, Assistant Commissioner Les Green, says investigators have received complaints from investors outside the Jamaican jurisdiction. He says the local complaints have not been “of substance”. “We would ask if any one feels that they have been defrauded and that they invested money in Jamaica, that they contact the Fraud Squad.”
Deputy Commissioner of Police in the Turks and Caicos Islands, Hubert Hughes, says Smith’s arrest follows months of investigations. The Turks police are also not ruling out coming to Jamaica as part of their investigation. In the meantime, the Turks authorities are continuing to examine the documents they seized from Smith’s house and offices last year. The developments in the Olint case have raised further doubts that investors will be able to recoup the millions of dollars they placed in the failed financial investment scheme.
http://www.jamaica-gleaner.com/gleaner/20090207/lead/lead5.html
Mercury Vapor said
Tia, are you are in Jamaica?
tia said
MV
Do I report to the Fraud Squad in TCI, USA or Jamaica?
Mercury Vapor said
Ok L&LL, TCI FX was a forex trading company in the Turks and Caicos Islands. David Smith was a director of this company, and it seemed to be a legitimate forex trading business that provided audited financial reports to it’s clients. Its website used to be http://tcifx.com.
Now look at the returns that were made by TCI FX. For the period between January and April it was not great. A small loss in January, flat in Feburary, a tiny gain in March and a large loss in April. Now contrast that to the returns of Olint, whose returns were never audited. Olint reported large gains in all of those months to its clubmembers.
So if David Smith is a director in TCI FX, and I assume he is trading forex for them, why is the performance between TCI FX and Olint so different? When this news came out it made alot of us here on the blog nervous. David Smith was suppose to be “one of the greatest traders in the world” or so we had been told. Then why is TCI FX returns not great?
Mercury Vapor said
L&LL, I got this from the “Robot Bus.” It shows the returns for TCI FX and Olint for the period of January to April 2008.
TCI FX
Jan: -00.96%
Feb: +0.00%
Mar: +01.87%
Apr: -16.26%
Olint
Jan: +11.44%
Feb: +7.57%
Mar: +16.04%
Apr: +5.39%
http://investforlife.wordpress.com/2008/05/30/tci-fx-now-lewfam/
Mercury Vapor said
Lawd L&LL, you know how much paper that’s going to be? Sorry to hear that you have alot of money in Olint. I’ll try to list some of the things that we have spoken about that has convinced me that Olint was a ponzi scheme.
Ok, when there was the investigation into the forex broker I-Trade-FX by the National Futures Association (NFA) they found that Olint had an account there for a while. The activity on the account was suspicious. There was alot of wire activity, money going into and out of the account, but very little forex trading was actually being done in the account.
RedP said
Hmmmmmm…… Lets see, after months of money laundering investigation no evidence of such has been found. Are these fraud charges a smoke screen to save face??? Hmmmmm… I wonder if TCI police got their training from Keystone Cops???
Live&Letlive said
Thanks Mercury vapor
I will print out the blog Archives and take it down to the Fraud Squad with me. I will try and highlight the proof that OLINT IS A PONZIE for ease of processing. Dont be sorry MV I have the time to bother I have a lot of money in OLINT.
( ALLL of my 2006 and 2007 bonus)
Mercury Vapor said
L&LL, I haven’t gone to the Fruad Squad. The money that I had in Lewfam Club and Olint TCI was a very small amount. I have kissed it goodbye, because I will never see it again. L&LL, I don’t know exactly when you joined this blog, but I think you’re fairly new here. I’ve been here for some time…wow, it actually feels like a long time now. Anyway, we bloggers have had numerous discussions of the reasons why Olint may have been a ponzi scheme and reasons why it might not be. Now it has been shown that it was a ponzi scheme. L&LL, sorry I just can’t bother going over all of the things, I just don’t have the time.
Live&Letlive said
Mercury Vapor
When you went to the fraud squad what happened??? What did you take with you to prove that OlINT was a ponzie scheme?
Mercury Vapor said
Re: Post 631
Stimu, sorry man, but you have to accept it, Olint was a ponzi scheme, nothing more. David Smith was a con man, and he conned us out of our hard earned money. He is a thief, a very smart and well connected thief, but a thief nonetheless. You have to wake up and realize this Stimu. Olint was a ponzi scheme, it collapsed, and now it’s over.
Mercury Vapor said
People, if you have lost money in Olint, Lewfam Club, UWIN, etc. go to the Fraud Squad and report it!
Mercury Vapor said
Re: Post 627
Tia, I think you should contact an attorney and see what they have to say. You might be able to sue Olint, Lewfam Club, Major Lewis and David Smith. I think you should also go to the Fraud Squad and see what…if anything…they can do. Do not wait, start working on this now.
Unfortunately, since Olint was a ponzi scheme that has collapsed, it is unlikely that you will get back most of your money. The money is almost finished, and what is left will have to be divided up among clubmembers and feeder clubs. So I would not expect to get back much.
Live&Letlive said
Mi nuh get the fuss.What Does all this BLAME THE POLITICIAN have to do with my money
DS is a Jamaican operating a very successfull bussiness in the TCI . So successfull we sold our house, land and wife to put the money in it.
The politicians hear about the same money tree OLINT and beg in the nicest way as presented by bushmaster for a donation here and there. Now wi seh dem a teef. A NEVER OLINT NUMUH DEM BEG. DEM BEG EVERYBODY BIG AND LIkle
a suh democracy run!!!!!!!..
Obviously dem like we did think DS was an honorable man
maria said
maybe we are indeed giving DS too much in the terms of benefit of the doubt. another blog “seems” to have access to emails between some politicians and people who appear to be the big O & indications are some of my US$400 mill may have been given away to help in the last elections. i cant believe this is how my funds really went down. if is trade it trade an gone is one ting but fi gi people fi elections………….?
stimu said
pipunit can u remind me when did Ds hold u up and take your money away? you gave it to him to risk. Tia sueing lewfam would help you how? Lewfam gave the money to Ds and now olint in trouble what can they do. This only shows that people would say do anything to get in but will sell you out when push comes to shove
PipUNIT said
David Smith deservers to be hung and beat like a piñata
Opportunity said
If the man is guilty then he is guilty. But something don’t sound right to me with the TCI police and the justice sytem. They have been delaying this case for a long time as I genuinely don’t think they have a strong case. By charging him with these charges, they can further delay the case. This looks like a very nervous TCI justice system considering all that is going on in the world with Madoff, ponzi’s etc. and delay tactics to me and their hope and wish that they will find more evidence before then. Just my take.
Anyway what will be will be.
Rabbit said
Night to all my friends on the #4
PEI @602 – good to hear from you!. All that truly matters is well, thank God. Hoping the same is true for you.
tia said
Somebody help me out. Do I need to kiss my money goodbye? Is there any hope of me recoverying some or all of my hard earn money back. Can I sue Lewfam to recover my principal. I need Help!!!!!!!!!!!!!!!!!!
Mercury Vapor said
Olint’s David Smith faces August court date on financial charges
http://www.jamaicaobserver.com/tools/breakingnews/bnm.asp?bn=94
Mercury Vapor said
Smith arrested – Olint boss arrested in Turks and Çaicos
http://www.jamaicaobserver.com/news/html/20090206T010000-0500_145834_OBS_SMITH_ARRESTED.asp
Live&Letlive said
Maria
After all the investigation they could not find a way to charge him untill they scared three invesstors to file complaints. Mark Knighton must be happy now. YOU SHOULD HAVE HEARD THE ONE MARK KNIGHTON ON THE PHONE PRESSURING MY BREDRIN TO FILL OUT SOME COMPLAINTS FORM AGAINST DS.
Thruth is DS now have charges to answer to so the GAMES CAN BEGIN
Nuh kiss yuh money goodbye yet. !LOL !!!!!
STIMU
they are having an ORGY on the other bus SIRACH is collecting at the door….
maria said
well, thats it i guess. i am kissing my 400 million goodbye.
stimu said
With all that is happening I cant belive you people, cant you all see the fight olint and ds is getting how quickly we forget. Guess Marcus Garvey was right!
Mercury Vapor said
Olint boss Held
http://jamaica-gleaner.com/gleaner/20090206/lead/lead1.html
John Blacks said
on second thought.
ds needs to be set free.
there are a lot of homeless people losing their minds, who are willing to row a bamboo raft to tci, or wherever to have a ‘likkle talk’ wid him bout how him screw up wi life.
John Blacks said
so…is our money david a use bail himself???
he may argue that he is innocent until proven guilty. he was arrested on charges. not convicted. yet!
for all the sickness, heartache and homeloss he has caused his trial, conviction and execution should be done in a day!
Concerned said
We are in some really challenging and HARD times. Rapid devaluation of the Jamican Dollar now selling $87 to $1 US, massive job losses, rising inflation, liquidity crisis, collapsed Ponzis, foreign banks folding, foreclosures, and it gones on. Now it is clear more than ever that we cannot afford to loose our money in these investment schemes. If we were conned I only hope JUSTICE will prevail and the culprits are locked up and punished for life, at hard, hard labour!
The others such as Maydaisy/Ingrid should now come clean and tell investors the truth about their hard earned money. We have been taken for a ride for too long now, with the poor communication, mismanagement of funds and the lack of transparency we have been getting from these clubs. I hope they are all exposed and the truth will once out once and for all.
Jaydee said
Too bad that this won’t be finalized before taxes are due. Hate having to pay tax on gains that were totally BOGUS. Clubs need to fess up that money is GONE. Can at least get a deduction for the loss.
Mercury Vapor said
David Smith arrested for fraud! Well I guess that’s it, Olint was nothing more than a large ponzi scheme. I hope his trial starts soon and ends soon. David needs to spend the rest of his life behind bars for what he has done.
Fresh Prince said
AT LAST. THERE ARE MORE ARRESTS TO COME.
I dont think he should have been given bail. Only hope he has to wear an ankle bracelet.Time to arrest Williamson, Ingrid, Major and all the other cohorts. All pigs fret now!! Issa you too.
Keepin the faith said
http://go-jamaica.com/news/read_article.php?id=6242
lotsofmoney said
http://www.go-jamaica.com/news/read_article.php?id=6242
read it and weep…
Live&Letlive said
false accounting is one of the charges. Well He told us about that one!!!!! The others they say are fraud related. I guess the Audit done now.
So we can make a coll for false accounting…..
The FACTS a come now……
stimu said
no money for us loosers dog nam wi supper
K said
What are the charges?
stimu said
David Smith has been charged and is on 1 million dollar bail
live&letlive said
Maria
he got back the computors from last sept AND IN ONE OF dS communication they said the audit was going on
RedP said
Hail up PEI, mi deh bout!! It definitely wasnt me at the boat show. Mi rich pon paper money cant even buy a propeller much less a boat!! LOL
One can still dream though!! With God ALL things are possible!!
Love and peace ppl.
RedP
maria said
one more itty bitty question please. seeing as DS doesnt have his computers in his possession does that mean the “audit” has not yet begun, been put on hold, or what?
mk said
I think it is positive that so far DS’s name has not come up in Missick case – the judge delayed a ruling in case anything came up in Missick inquiry….
After March 13 (if that is the date) strong possibility of the release of funds.
maria said
ok live&letlive, thanks for the info.
Live&Letlive said
PIE
Tony Williamsom not living as high as you think… trust me
Check the dates he bought the house with proceeds from his money placed in olint. Nuff people did that just before the real estate bust.(SADLY)
Di man is here in Jamaica a rough it out
Live&Letlive said
Maria
I ustand they already have a date March 13th I will have to verify
stimu said
We must not be too hard on DS, remember that external forces are acting against him. Turks people dont like non-belongers. Lee Chin is a powerfull man. Lets pray for us and DS to pull through.
maria said
could one of u legal eagles assist here? does olint lawyers have to wait until after march to seek their next court date or can it be sought from now? i know the date for the hearing has to be after march, i am talking about the actual seeking of the date.
PEI said
hahaha. If I dont laugh I will cry. Me dont know is who Mr. Williamson fooling. Him and him family living large. Buy million dollar house in Florida and telling people foolishness bout financial fallout in the states. The amount of them lying thiefing people who peeing their pants every time they hear a balloon pop. Mek them gwaaan. Time longer than rope. Justice comes to the patient. Thats right keep the faith.
Hail up RedP!! whe yuh deh. A bird tell me you gone boat auction in Florida. You know is about a hundred boat them a seize a month. Sister Rabbit how you do?
PEI said
January 31, 2009
Dear Club Member:
We had hoped that by now we would have been in a position to provide you with the date for the start-up of our schedule of payments. Unfortunately, we are still unable to do so as we continue to be adversely affected by the financial fallout in the United States.
We have also been experiencing a severe strain on our operating expenses and so have now had to suspend the services of our Member Care Centre.
Our communication with you will continue through the internet. Please feel free to contact us at supportuwinantigua.com.
Be assured that as soon as normalcy is restored you will be informed. In the meantime, please continue to keep the faith.
Club Management
UWIN Antigua
Mercury Vapor said
Just read this on Forex Peace Army. It’s a new post on the performance of Best FX Traders’s 007 Trader:
Thomas Curtis, Oklahoma
Rating: 1 Star
Date of Post: 2009-02-01
Review: I have been with Best FX Traders since early 2008. I am now at about 29% drawdown. His main trader either doesnt trade at all for half the month or goes down about 1-2% per trade on average.
http://www.forexpeacearmy.com/public/review/www.bestfxtraders.com
Mercury Vapor said
I just checked Rove Capital’s website, and they are flat for January, making a slight gain of 0.08%.
http://rovecapital.com/Dresden%20Account.html
Mercury Vapor said
I found a Top 10 list of traders measured by their average annual return for the last 60 months (5 years). I found the list at http://www.managedfutures.com/top_cta_rankings.aspx. In the “Progams” section, select “For the last 60 months” and in the “Ranked By” section select “ROR.”
1. Dighton Capital USA (Swiss Futures Trading) – 45.99%
2. DEC Capital Inc (World Grain & Oilseeds) – 43.18%
3. Di Tomasso Group Inc (Equilibrium) – 41.46%
4. Shield Plus (Alternative Energy & Inflation) – 34.84%
5. Kappital Managed Futures (KMF Trading) – 34.75%
6. Rosetta Capital Management (Rosetta Trading) – 29.49%
7. Covenant Capital Management (Aggressive Trading) – 28.93%
8. Dreiss Research Corp (Global Diversified) – 28.38%
9. Paskewitz Asset Management (Contrarian 3X) – 27.90%
10. Rho Asset Management AG (Rho Altius) – 27.06%
Mercury Vapor said
Hi L&LL, ok I understand now what you’re saying. It’s true that many people had put too much into Olint. Hard to believe that some quit their jobs and were just living off of their monthly interest from the club too. Anyway, if Olint survives this it will be interesting to see what happens in the future.
Geotrdr said
Hello Dehustle
Yes I still am. Its going well. Continuing to hone my skills and develop as a trader.
Dehustle said
Geotrdr
Hey nice to see U back on the board havent been here a while my self are u still trading ?
How is that going
Lemme know
Peace
Live&Letlive said
Please do not be offended MV let me explain
We have to admit most people were too heavily leveraged. They had put ALL their savings in OLINT they had borrowed on their house or even sold their houes to put the proceeds into OLINT some even got redundancy and put the proceeds in OLINT and was not seeking to be re employed. THAT IS NOT INVESTING that is jumpimg and putting your whole today tomorrow and yesterday on the OLINT WAGON. win loose or draw that IS NOT WISE INVESTING and we will all have to learn from this not so nice experience
Live&Letlive said
One More Thing MV
Please do not be offended let me explain
We have to admit most people were too heavily leveraged. They had put ALL their savings in OLINT they had borrowed on their house or even sold their houes to put the proceeds into OLINT some even got redundancy and put the proceeds in OLINT and was not seeking to be re employed. THAT IS NOT INVESTING that is jumpimg and putting your whole today tomorrow and yesterday on the OLINT WAGON. win loose or draw that IS NOT WISE INVESTING and we will all have to learn from this not so nice experience
Live&Letlive said
MV
We will see. People can be unpredictable. Most importantly I want DS to front and centre with or without the Dinero ASAP
Mercury Vapor said
One more thing L&LL, remember that after the collapse of Cash Plus, Higgins Warner, Swiss Cash and other ponzi schemes, people have become more careful where they put their money. Alot of people have lost money in various investment clubs. If Olint does get through this period I doubt that many will remain in the club. Also, we’re now in a global economic recession, people are losing their jobs and disposable income is shrinking. I just can’t see alot of people putting their hard earned money in any investment club.
Mercury Vapor said
DS can continue the club with INVESTORS? So you’re saying that most of the people in Olint now aren’t investors? Most of the people in the club now are Waggonists? Hmmmm…well, it’s interesting that you see things that way. But I guess we’re all different, we all have different personalities, experiences, and outlooks. I can’t speak for anyone else, but if I am able to recover my principal from Olint I will take it and call it a day. Having my money in an investment club is not appealing to me anymore. The lack of transparency, honesty and accountability really bother me. If Olint is not a ponzi scheme, and no fraud or other crimes have been committed, and the club continues, and you L&LL and others want to remain in the club, that’s fine. It doesn’t bother or worry me, you’re a big boy. But investment clubs aren’t for me anymore. I also think that many others have had it with investment clubs too, but hey I could be wrong.
Live&Letlive said
No MV
DS can continue the club with INVESTORS not waggonists. An Investor has a portfolio with some stocks, some real estate, some bonds ome mutual funds sand if they have the stomach for risk some on the FOREX market trading for themself or using a broker.
I lost more on the US stock market last year than I did on the ForeX market (That even includes what I have or HAD in OLINT ha Ha Ha …)
Geotrdr said
FxTrader,
I think people are done with the “what ifs”.
Mercury Vapor said
If money really is there and David Smith pays back everyone, what then? I think most people will be leaving Olint and all the feeder clubs too. This thing that has gone on with Olint since early 2008 has just been too much. Even if no wrongdoing has occured in Olint (no fruad, no money laudering) and Olint is not a huge ponzi scheme, what is stopping this from happening all over again? David Smith might as well close the club, because nobody wants to put their hard earned money in any investment club or scheme anymore.
With Olint there was never any transparency. You give them your money, and you really don’t know were it goes. They tell you they use it to trade forex, but how do you really know? You just have to trust them, and well, I don’t trust anyone with my money anymore. Not after Cash Plus, Higgins Warner and all the ponzi schemes that have come to light now. Not after May Daisy, UWIN, etc. Don’t you notice that no new investment clubs are starting up now? The forex market has proven to be a very difficult place to make money consistently year after year. So I’ll put my money in the stock market or real estate and try to make 8% to 14% (on average) annually, and not put my money at great risk. The days of 10% and 12% a month are over for me and many others.
Mercury Vapor said
Hi FXTrader, well if it is proven that David Smith is a great trader and the gains posted by Olint were real, then it would be great news. People would get back their money. I’m hoping that things will work out with Olint because alot of people have invested alot of money in that club, and many are hurting financially because of what has happened. Some have lost their homes because they borrowed money to invest and used their home as collateral. Some invested their entire life savings into Olint thinking that the most they could lose is 20% of their investment. So my fingers are still crossed that money is there and that people will get back at least their principal.
Now that being said, personally I am done with investment clubs or schemes. If I am able to get my principal back from Olint I will take it and call it a day. The same for Lewfam Club, I’m done with all of these clubs. I think that overall the sun has set on investment clubs in Jamaica. Many emerged and now most are gone. Cash Plus and Higgins Warner turned out to be ponzi schemes. Ricky Azan, Ingrid Loiten and Gareth Harris club’s lost most of their investors money and closed. I am still waiting to see what will happen with Olint and Worldwise. But really, this is the end for investment clubs or schemes in Jamaica. Because of the collapse of some clubs and all the scams that have occurred I really can’t imagine that many Jamaicans are going to put money in these things anymore. People realize that you’re putting your hard earned money at great risk when you give it to an investment club or scheme. With so many scams and crooks out there too, it is better to stick with reputable, transparent and regulated investment companies or trade the market yourself.
FXTrader said
Hello guys
Just weighing in on the discussion.
Since I have adjusted my trading style, I have since been seeing profits, consistently. This came as a big surprise to me because I thought deep down it was not possible, especially after reading all the negative commentaries.
Imagine Mr Smith’s success then because he knows far more about currency trading than me, I would believe.
Just 3 question!!
1-What if after all this time, it is proven that Mr Smith was truly a very good trader and those returns he posted were real?
2-What if he really has the money that he said he has?
3-What would you say then?
Geotrdr said
Qouting MV in 582.
“Ideally, you should spend the time to learn to trade the forex market, but many of us just don’t have the time to learn and trade. ”
———————————————————————————————
If you dont have the time to learn the forex market then stay away from it. Toss ideally out the door, if you don’t have the “time”, discipline and dedication to learn the forex market, dont put any money it.
Rabbit said
Happy Friday to all
MercV – I just started demo trading the FAPturbo on Tuesday night. I used most of the default parameters, only making the adjustment for GMT time and allowing the EA to automatically manage my lot size. When I got home on Wed evening I had a nice profit, but too trades later that night wiped it out. The same occured on Thursday. Hey I can lose money all by myself!! I plan to play with some of the parameters and demo trade for a while to see how it goes.
In scouring the internet, there are some that pass this off as a scam, and some that say they are making $. Once you purchase the product you have access to a forum. There are some users who adjust a parameter based on the current trend, so that only trades in that direction are entered. On the forum the also advise whether trading in a particular currency should be avoided for that session.
BTW – you need to download and reinstall the EA every month. They say that this is because the adjust it for current market conditions
Will let you know how it goes…
Rabbit
Mercury Vapor said
Hi RedP, nice to see you’re still on the bolg too. Ok, a followup to my post at 579. FAP Turbo was reviewed by Alan and was profitable. So if you were to buy it and run it you would probably make some money. However, based on my readings on expert advisors (EAs) they are not profitable over the long run. If they are profitable to begin with, they will only be for a few months. Why? Because forex market conditions are always changing, so no trading strategy will work all the time.
It might be worthwhile to buy an EA. If it works, even only for a few months, you might get 50% or even 100% return on your money. It looks like a better thing to do with your money than betting on horse racing or buying lotto tickets. Ideally, you should spend the time to learn to trade the forex market, but many of us just don’t have the time to learn and trade. An EA does it automatically, requiring little knowledge or time. Just remember, it will probably only work for a few months, so don’t expect it to make you rich.
FXTrader said
RedP
Never use any autotrade program
RedP said
Hi folks, hope all is well. Hail up Merc V, glad to see you back on.
Fx Trader, question for you. Have you tried any of the auto-trade programs and if so what have the results been like.
Love and Peace people.
RedP
PS God is still in control. Unchanging is He. He wants a relationship with you. Check Him out, it’ll be the best investment you ever make!!
Mercury Vapor said
Hi everyone, there is a new review of FAP Turbo on Alan’s Money Blog. For those of you who don’t know, FAP Turbo is an expert advisor or forex trading robot that automatically trades the forex market. It works on the Metatrader 4 trading platform. You can read Alan’s review here:
http://alansmoneyblog.com/2009/01/25/fapturbo-review/
Mercury Vapor said
Hi FXTrader, 140% gain in one month is impressive. I hope you continue to do well with your forex trading. However, I must recommend that you take some of your profits and put it in a savings account. Because some months you will not make a profit and will make a small loss, or a large loss (depending on the amount of leverage you’re using). So FXTrader, be sure to put some money aside, so during those down months you’ll have money to pay your expeneses like mortgage/rent, utilities, groceries, entertainment, etc.
FXTrader said
UPDATE:
With my combination of trading gains and losses, I am now up over 140% for this month alone (jan 09).
As I said repeatedly, I am not afraid of closing losing trades, because they would a mash up mi account for sure. So as mi lose a trade, mi just get back into the market to mek back some gains when mi see what look like another trading opportunity
You guys should try it since some people feel they won’t get back their money from Mr Smith
FXTrader said
Mercury Vapor
Only one advice which MUST be the MOTTO for all currency traders:
“THE TREND IS YOUR FRIEND UNTIL IT BENDS.”
In other words, trade in the direction and ONLY in the direction of the trend, until that current trend reverses. If you can’t determine a trend, stay out of the market.
UP TREND – Trade up or open long positions.
DOWN TREND – Trade down or open short positions.
Mercury Vapor said
Re: Post 571
Thanks FXTrader. Any insight or advice you can give us into the mysterious world of forex trading is welcomed.
Fresh Prince said
I lost money too but I have accepted that he ran a ponzi. Now he must pay.
Fresh Prince said
There are people still expecting DS to make it right. He ran a ponzi and the money done.plain and simple.Pigs who were charging people a percent of gains gone into hiding. Very quiet. Property transfers being made to hide assets while people talk about time to make it right.
InDeRiver said
this is truly looking like the year of the ponzi as Comment suggested, this dude is locked up until a bail hearing on thursday
http://www.newsday.com/news/local/ny-bzponz-sg,0,4279332.storygallery
FXTrader said
FXCM and Oanda are okay, I can’t say that they are the best because I don’t know much about all of them.
Yes some of my friends make and are making money but because of the same unwillingness to take losses at times, lose it back sometimes. We are all working through our bad habits and trying to develop strict discipline in our trading.
Mercury Vapor said
Re: Post 561
Hey FXTrader, which forex brokers do you think are good? Also, are any of your friends (who I suppose started with MTI too) trading forex and making money?
Fresh Prince said
1 Does DS have most of the money?
ANS: NO.
2 Will he be able to keep clear of the money laudering charges?
ANS: NO.
If the answer is yes everything else is noise in the market
LET THE NOISE BEGIN.
Live&Letlive said
Maria
That is one more court case behind OLINT.
In the final analysis there are only two important concerns
1 Does DS have most of the money?
2 Will he be able to keep clear of the money laudering charges?
If the answer is yes everything else is noise in the market
NCB closed all of Lewfams account and all the principals account in late 2006 to early 2007. So this close account program is not new
Live&Letlive said
I requested 15,000.00 in feb and got it. I have since requested almost $200,000.00 and have not gotten a cent.
IF I SHOULD POST MY ENCASHMENT REQUEST ON THE BLOG WOULD THAT MEAN I HAVE RECIEVED THE MONEY???.
PROVE TO ME THAT JOEY GOT THE MONEY THEM WE CAN TALK
maria said
i am sure this piece of news is to ur liking fresh prince, the privy council has ruled that NCB can close olints accounts now.
maria said
fresh prince, if you have no funds in the schemes why come and antagonize people? do you honestly believe you are helping anyone?if bushmaster said on the blog that i was jesus christ would you believe that too?
Fresh Prince said
For those of you who dabble in fx trading and online casino gambling here is a way to enjoy both. This is just a FYI. I am not necessarily edorsing this
http://www.casino-bonanza-online.co.uk/forex_trading.htm
Fresh Prince said
http://www.wirelessexpressions.com/olint/
posted by BUSHMASTER
1/25/2009 6:30:27 PM
Joseph J. Issa
Encashment 02/04/08
Kindly wire USD 4 Million to the account in the instructions attached, and debit A/C 11012942. Please ensure this gets out ASAP as it’s for the purchase of Mr. Issa’s house which closes on the 11th of February.
I am confident you understand the importance and will get this out in a timely fashion.
Many thanks,
Sasha Harjani
Maria and others do you know ANYBODY, who was able to receive funds after Dec 2007????????. Somehow I dont think so.
I am sure DS understood the importance of members getting their funds in a timely fashion. what a laugh.
Fresh Prince said
Maria and anybody else who disagree with me, no problem you have your view. I dont have anybody’s money and am not giving ludicrous excuses as to why you cant get it back. DS along with several others have orchestrated a massive fraud. It is easy to want to believe things will work out. But it is time for reality. He has committed fraud and needs to go straight to jail. simple.He is not alone Ingrid Loiten, Orlando Johnson, Gareth Harris, Tony Williamson, Noel Strachan,Major Lewis, all of them should be sh!@@ in a bucket in a cell. Them and all the facilitators big and small. If this had happened in the states none of this rubbish would be going on. all the people who caught word of the fraud from September 2007 and pulled out all their funds would have to give it back, even some principal so that people like Maria and Liveandletlive could recover some funds.
What are you giving DS time for? to allow assets to be hidden? and for all of this to die a natural death? Time wont give you back your money Maria.
FXTrader said
Madre
I just never considerd Itradefx, even though some of my brethren signed up. After a while they close their account because they were losing, so I got turned off compeltely.
Comment said
Is this the year of the ponzi !!! wow they just keep coming.
CT Ponzi Schemer To Serve 4 Years
The financial world is reeling over the Bernard Madoff scandal and the alleged multi-million-dollar Ponzi scheme that has hit everyone from Fairfield retirees to media moguls. However, there has been another big-dollar Ponzi scheme to hit Connecticut and the man behind it is going to jail, rather than a well-appointed penthouse.
Dale L. Graybill, 64, of North Haven, solicited investments for fictitious investment programs, and used money from those “investments” to pay gambling expenses and credit card bills, according to Nora Dannehy, acting United States Attorney for the District of Connecticut.
Graybill lured in investors by telling them he had special access to exclusive, government-backed trading programs that were originally opened only to the very wealthy but that he could make available to them, according to court documents.
During meetings held at his former residence in Branford, he solicited potential investors and told them that he would place their investment funds in safe, exclusive, offshore, high-yield bank debenture “trading programs” that would produce greater than market rates of returns of up to 25 percent per month, according to Dannehy.
There would be little or no risk and the investments were secured by United States Treasury Bills, he told them, according to Dannehy.
Investors handed over their money and Graybill used it and paid business expenses and made “lulling payments to investors to create the appearance that the investments were safe, secure, and had been invested as promised,” according to Dannehy. Graybill also used the money to pay credit card bills and gambling expenses, Dannehy said.
On June 15, 2005, Graybill pleaded guilty to one count of mail fraud, for a check in the amount of $398,910 that was supposed to be distributed back to the victim investors, and one count of making and subscribing a false 2002 tax return.
The false tax return charge stemmed from using the proceeds from the Ponzi scheme without declaring the funds as income, so he withheld $93,293 of taxes from the government for the 2002 tax year, Dannehy said.
Graybill was sentenced Monday to 48 months of imprisonment, followed by three years of supervised release.
He must pay his victims restitution in the amount of $10,672,876. He also must pay $93,293 to the Internal Revenue Service.
To date, the court-appointed receiver has collected approximately $817,000 to distribute to vic
Madre said
FX Trader @553 Why do you say, never use ITrade FX?
Live&Letlive said
Fresh P
You really think they are going to get away with the money if time run out before DS rope done.
What do you suggests the government lock them up for Now. Have you gomne to the fraud squad yet.????…
Why would the TCI cooperate with Jamaican government & lock up DS when they have him there and have not even charged him after 6 months of investigation.
DR said
Any word from May Daisy?……
What is the latest ItradeFX situation?
any word from May Daisy?…..
maria said
black man cyan fool doa eenh sah? outa fi lock up DS an nobody nuh get nutten or mek di man try straighten out tings di choice nuh obvious?
Fresh Prince said
Based on the the news coming out I think David Smith his family along with Issa should be arrested. The government of Jamaica should request the cooperation of the TCI folks and get Smith arrested and deport him to Jamaica. Let the chips fall where they may. Justice need to be done.They need to go to prison. this has been a huge crime against Jamaicans at home and abroad.
Fresh Prince said
Since Bernie Madoff the SEC really going after the ponzis. They are popping up all over.
Even CRE Capital Corp in ATlanta was a ponzi. Apparently doing fx trading. They were guaranteing 10-20%/mnth and even providing investors with Accountant statements.
http://www.time.com/time/business/article/0,8599,1873639,00.html
FXTrader said
Never use Itradefx
Mercury Vapor said
Hi FXTrader. Welcome to the blog, we call this “Di Numba 4 Bus.” RedP, Patricia, Maria and everyone, please give a warm welcome to FXTrader.
Nice to hear that you’ve been trading for 2 years and you’ve been successful. Happy for you FXTrader, and thanks for sharing your experience with us. I do not trade the forex market, but I’ve been reading a lot about it, and perhaps one day I might give it a try. But there are some people on this blog that trade forex and I’m sure your advice will help them.
FXTrader, you said that you always monitor your trades. So I guess you are a daytrader? You open positions and close them within a few hours, right? Oh, one last thing, you said that you started with MTI, do you use I-Trade FX as your forex broker?
FXTrader said
Mercury Vapor
I am trading for over 2 years now, started out part time, but now full time.
I must hasten to add, that during that time, I always have winning trades, sometimes fantastic, but when a trade goes into loss and stays there, I just couldn’t bring myself to close the trade with a loss, thinking, hoping, praying that the market would come back in my favor and give me a profit. Suppose I tell you that sometimes it is just one trade that wipe out my account, just one trade.
The ONLY change I made in the way I trade is to learn to close losing trades. That’s all. And I would encourage anybody who wants to be a currency trader, to come to the market with that mind set.
There is no magic, no secret, no sophisticated technique that I can share with you. Just have a healthy and realistic attitude towards the market, and know that its not you who control things.
So I repeat for the last time, get ready to grab your profit when you see them, BUT learn to take your losses, sometimes early before they get much bigger.
PS
Remember I sit down in front of the computer and monitor every single one of my trades
Mercury Vapor said
Re: Post 547
Thanks for posting FXTrader, that’s good advice. May I ask how long have you been trading forex? And do you trade full-time or part-time?
Rexton Gloudon said
WHO SEH DAT OLINT POP DUNG? TELL DEM SEH OLINT CYAAN DONE !!!!
maria said
yes fx trader, nubmers 1,4 & 6 are critical.
FXTrader said
Mercury Vapor, on January 23rd, 2009 at 11:12 pm Said:
We would love to have your input there since you are a forex trader.
Mercury Vapor
Simple rules to everybody trading forex, especially those that are not expert:
1-Always monitor your trades, never leave your trades unattended
2-The best trading oportunity is when the market a run preferably in the direction of the trend, you will see it.
3-When you just place a trade, expect it to go into loss, it always happen, even if it run over into profit when you just place it.
4-look for it to go back into profit, and when that happens, always get ready to take what profit you can, even if it is small, i don’t care if it is 1 pip. Better that than a loss.
5-if your trade stays into loss and seem to get bigger, just close the trade and take the loss. Why? Sometimes the market a signal to you that your trade is in the wrong direction, and your losses will get bigger. You can always trade again afterthat and hopefully make back the loss.
6-Always use the smaller time frame like 5 minute and 1 minute to trade, after analysing the trend on the bigger time frame like 1-hour and 30-minutes.
7-And lastly, try not to stay too long in the market, over time you will know when you are in the market too long.
YardMan On Wall Street said
As the Economy Tanks, More and More Ponzi Schemes Come to Light
http://abcnews.go.com/Business/CEOProfiles/Story?id=6701991&page=1
Then just last week, Ossie of Atlanta and his company CRE Capital Corporation were charged with operating a Ponzi scheme involving more than 100 people. The scam involved about $25 million in foreign currency transactions.
Ossie allegedly promised pool participants that they would earn a 10 percent return on their money within 30 days by trading United States and Japanese currency pairs.
RedP said
This also.
#
Mr. Söze, on January 22nd, 2009 at 12:33 pm Said:
FXTrader, mrs, somethingmissing:
Any books that helped you a lot in actual trading?
-Söze
#
FXTrader, on January 22nd, 2009 at 1:12 pm Said:
Mr. Söze
I was one of the first persons in Jamaica to do the MTI course in Jamaica, but I didn’t use their system because I was suspicious of it. Why? If everybody is doing the same thing, then how can everybody win. “you see mi”
Instead, I spent the time watching the currency charts, one currency pair at a time, on various time frames (daily, 3 hour, 1 hour, 30 minute, 15 minute, 5 minute, 1 minute), along with indicators like the MACD, RSI, etc.
After a number of months, I realise that the market goes up and down in waves, sometimes more up than down, sometimes more down than up. That is how you have a TREND.
So all mi do, is look at the 3 hour, 1hour and 30 minute charts to spot a trend UP or DOWN, then use a 1 and 5 minute charts, to trade.
There is always a smaller trend in a bigger trend.
So if the Trend is DOWN in the bigger time chart, mi just try and look for a trend going up in the smaller time chart like the 5 minute. And when it look like it a go come back down, mi just wait a likkle and a watch it, and if it really look like it a come down, den bam, mi place a trade. Me mek up mi mind that if the trade is bad, mi just hug up dat loss. But more time than not, mi get a gain from the market.
Another thing, mi not staying too long in the market because it take back you gains sometime, so mi a look fi close my trade dem soon after start see gains. If mi wait too long to see any gains (like 2-3 hours), mi a go close my trade with a small loss, because sometime the market set for me and want give me bigger losses.
As simple as that, no jok
RedP said
Copied from the Investforlife blog
mrs, on January 21st, 2009 at 10:51 pm Said:
Jon,
Do you or have you ever traded?
Look at the GBPJPY.
Let me educate you a little.
Today I went in SHORT which means I sold the pair at 11:00:07 A.M AND AT 11:04:08 A.M. TODAY,WHICH IS 4MINUTES 1 SECOND LATER, I BOUGHT THE PAIR AND MADE 68 PIPS.Do you know what a PIP is?
Now, on a standard 100,000K account, 1 lot is only $1000 of your money.With the platform I use,1 PIP is worth $11.46 if trading 1 lot.
Therefore,68 pips on 1 lot($1000 of your money) made $779.28.
Are you smart enough to calculate that?How much?
Well,well,well, I beleive that is 77.928% in 4 minutes.
I only regret I did not see this earlier today as I was i a meeting.But there was over 600 pip movement in less than half a day, which means 1 lot could have made over $ 6000.1 LOT WHICH IS ONLY $1000.
I focus mainly on the GBPJPY.But if you are a trader that keeps track of 3-5 currency pairs,which I used to do,you will find similar oportunities several times a month.You only have to trade a few times a month to make those returns.
Now we are talking %-ages.So the amount $300 MILLION only frighten some but can be traded accordingly.
Last quarter I made 69.2%. IS 10 % A MONTH POSSIBLE.
The quarter before I made 87.63 %.
I may have my issues with the MTI course and the people behind it but when doing the course,you are warned from the start that only 5%-10% of the people who take the course will ever trade successfully and there are different levels of success.
Most people think that once you do the course its your ticket to get rich right away and forget that as in any business or proffession,it is DISCIPLINE that determines success and not necessarily book learning.
INVESTOR,
Why are you posting people account online?I don’t think this is fair on those people and they do deserve some privacy.Please,I don’t want to know who have what and who get what.I am more concerned about my money with OLINT and what is happening with OLINT.Spare people there privacy and refrain from posting there accounts.
MRS….
Fresh Prince said
He will age 2 yrs for every 1 yr in the office
RedP said
Poor Mr Obama, everyone thinks he is the new messiah. Poor guy, sorry for him, watch and see how quickly he will age. Dont ppl know that the pres. dont run things? He’s just another puppet with limited power.
God help him.
Mercury Vapor said
Where is the money?
http://www.sunheraldja.com/article/show/2134
Patricia said
IT”S A NEW DAY!!!! the end of an ERROR. (That’s what it was )The “misunderestimated” cowboy is on his way back to Crawford.
The new POTUS, Barack Hussein Obama has spoken, the world has heard and so let it begin.
Madre said
Welcome mk, Thanks for the encouragement. Yes, Hang in there everyone.
I can’t help wondering though……. how does someone’s assets get frozen for 6 months without a charge and then further frozen….. without a charge. Are they waiting for some incriminating evidence that does not yet exist. It does not make sense to me.
maria said
i believe info can rarely be too much so here goes folks.
http://www.sunheraldja.com/article/show/2133
Live&Letlive said
Hi guys
If more than that was in the TCI I would have been more worried. Money in the bank in the TCI IS NOT MONEY IN THE FOREX TRADE!!!!!!
Mercury Vapor said
I’ve just read it, and now I’m reading the comments below. It’s pretty interesting, the poster AML is posting excerpts from the Hearings of the Commission of Inquiry into Michael Misick.
Mercury Vapor said
It looks like there is only $6.5 million in Olint’s accounts and $1.1 million in TCIFX Traders’ accounts in the Turks and Caicos Islands.
Mercury Vapor said
Hi Everyone, have you guys read this on the Robot Bus?
http://investforlife.wordpress.com/2009/01/14/olint-has-money-in-the-bank-but-enough/
mk said
Hang in there all
RedP said
thanks, humbled, love you guys too.
Patricia said
RedP is genuine. We may not agree on every thing but you’ve got to respect him.
maria said
C L A S S I C ……. and the the thing I love about you is you are not afraid to be wrong. …… C L A S S I C LOL.
freedom said
any one get ww on phone lately or herd of any one who collect funds
Madre said
Live and Let live, I enjoy your perspectives. You acknowledge that David meant to help many people but things just snowballed on him.
You also seem to have a difficulty to join the mob because of the “Jamaican police” mentality of our learned friends.
How can people with nothing invested and nothing to lose be so obsessed with the damnation of David and his investors?
As to the others, they seemed to have reaped and David’s damnation is their only salvation.
Madre said
Yes Live and Let Live, RedP is solid. My understanding of him is that he is a solid believer in God and positivity.
I join him in his positivity because I believe in God. I believe that many Olint investors were good people and that good people will be favoured by the Almighty.
The detractors paint a picture of “David worship” but many of us worship God and pray for the protection of the innocent.
I do not have a crystal ball with the answers and I believe that the detractors are just as mystified as many of us, so they have no authority to tell me what to think.
I believe that the conspirators have their axes grinding and they have made it difficult for me to join the mob against David.
Live&Letlive said
hi guys
well if there was a prize for a man who will not be influenced by anything that he cannot validate then that prize would go to REDP
RedP you are a SOLID BROTHER and the the thing I love about you is you are not afraid to be wrong.
Well Guys I have learnt a few things and I have affirmed some things that I always knew from this OLINT thing
Never Never put all your eggs in one basket ( thank God for my GOJ bond yes it was only earning
8.9% but when i sold it I was able to help myself and friends)
It has hard to bat for poor people but it is even harder to bat for some in the spoilt middle class When the chips are down they are the first one to jump ship and call the AUTHORITIES. They are always looking for the next fast ship to jump on. You see how some of our blooger friends whoose father live in Turks big up in the politics and want to sink DS and Masick. I can just imagine how they are lining up to nyam out TCI under the new management.
Bloogers John Harris, John Hall and AlphaI is just like our own home grown policemen who kill innocent people and put gun on them. That must be a tactic they teach in all English speaking police Academy with or without the english accent. It does not matter to bloggers John Harris et al if the entire Jamaica is eating manure and living outside what is important is they want information to sink Masick and to hell with DS and his investors!!!!!!
Now to Judas like Christopher Walker his father was not dying from Alziemers he was dying from DISAPPOINTMENT knowing that that bway is his legacy to the world. That ediot played in their hands thinking he would have gotten his money by helping to put pressure on DS and Massick. They just used him like a Burger King toy and dashed him away. Now he has to sit and wait like everybody else
Even though jamaica has tons of problems you would need to live in a COLONY to have your assets frozen for months without being charged then to make it worse have your case tried under a gag order. Independence nuh nice but mi prefer it….
DS does not have all the money and he needs to blame himself for that he could have given us 2% for months to ensure that he was swimming in excess. I have learnt that tomorrow does not have to be as kind as today.
Mi gah cook before my wife and pickny dem gets here
talk more later……..
RedP said
Oh ye of little faith!!
maria said
well, hopefully by the time april 30 rolls around O’s funds will have been freed up in the USA and earnest work can just start without delay. what say you my naysayer friends? lol
John Blacks said
bernard madoff/marcus schrenker/david smith
Fresh Prince said
Forex_loser Says:
January 13, 2009 at 8:03 pm
“I did get a hold of Lewfam’s office in Atlanta, they had no information beside that the court case has not been determined. The person who answered said that they had money in the pot too and we are all waiting. They could not answer if money was still being traded. I was very disappointed in that answer, millions involved and you dont know if they trading or not, come on”
pissed off said
Did anyone get lewfam on the phone?
waiting in the wings said
Oh sorry everyone happy new year
waiting in the wings said
i believe the money is missing because why then would david have not been paying out and why then has he not communicated to us how much is left many people including myself would now take cents on the dollar and quarrel bout the rest later.
my pig OUIDA STENNET took my money and plenty others and run away with it and no contact for at last six months now. many pigs are glad that olint went under and will have hell to pay if they resurrect. because they took peoples money and lived like is their own, if only for that reason i would like david to come clean and let the chips fall where they may.
Fresh Prince said
Dehustle #513 you are so right. the unfreezing of funds in TCI dont change anything. The money needed to pay members couldn’t be in TCI. IF, and a big IF, there is money Where it is, is a mystery but wherever it is obviously him cant touch it. He had said his broker wont give him his money. Did he sue that broker? We see where money transfer to JIJ one of the Martinez company. We also know money wired to companies like Astra and Usimo. Where are those funds held? The DOJ freeze his funds in the states why havent we heard what is happening with getting those funds released. There are rumors about how Oanda/Wachovia have and dont have. Club members have a right to know. It is our money so DS and his lawyers need to stop treating members like poor relation and idiots.
An audit was done he said. Rumours are that 70 + % of the money is there. Why is there no official word on the outcome of the audit and who did it.A whole year gone now and is still this pussyfooting going on. People must say he is a thief, liar and a fraud. Thats why I said even if the judge had unfreeze in TCI nothing was going to change.
Fresh Prince said
DS could have called an end to this from the end of 2008. He could have just wrapped up the club then and negotiate with members a payout. A few sensible feeder club operators did that from early 2008. Pride cometh before a fall.
chilly said
Dehustle @514,
Well, I suppose my proposal works good for both parties; those whose only concern is getting back something as quickly as possible, and those willing to allow DS to make good on his promise to rebuild the account to the May 31st balance.
Hopefully both parties will be satisfied with the outcome.
Redp said
506 letlive- havent spoken to him, did email him, no response as yet. Never met him, dont know him. Only have faith to stand on so far bro. So far I dont think the FULL truth has been spoken by anyone yet.
But as you say, show me the evidence/truth/proof that he is lying thief or not then fine. aside from that I cannot stand in judgement. Judge not lest ye yourself be judged. A lot of people are jumping to conclusions and the full hundred dont drop yet. as much as I am feelin it I have to be true to myself and God. I refuse make a judgement call on Mr. Smith without the full hundred.
Dehustle said
Chilly @ 507
I hear U but quite frankly right now its not about DS winning Its about the investors and actually dont think pple can say anything worse about him than they are saying now
If he were to actually be able to pay out a decent % to those who want out this would be overall more positive than negative and even help rebut the Ponzi allegation because in most instances if he was running a full fledged ponzi money would have been prolly finished by now
Those who have 9 more mths in them then may the force be with you but at least pple need a choice !
Dehustle said
Forex Loser
As I have been saying not so sure why pple are so fixated on the unfreezing of funds in Tci
if DS was trading Fx then the bulk of the money would be with the fx broker/bank (usually in USA/Canada i.e Oananda /wachovia etc )to my knowledge there are non such entities in Tci so why should the money be there ?
Unless we are all assuming that the unfreezing of funds in TCI will have sone domino effect of fixing DS problems with his brokers/bank in The US (that he alluded to b4 TCI Raid ) and that may not necessarily be so
Also remember pple were not getting paid B4 the Tci freeze
All im saying lets not get so hyped over this and then disappointed but rather see it as one more step in what is proving to be along and winding road
my 2 cents Peace
chilly said
Patricia @507,
This whole situation is a no-win for David. If he offers us a percentage of our account, we will claim he was a fraud trader, robbed us, and running a Ponzi scheme. If he asks for time to rebuild the account, we will claim it is just another stalling tactic.
If I were him, I would simply offer one of two options:
[1] For those who demand immediate payment (after the unfreezing of all funds), I would simply calculate the best payout value based on the aging of the account, for all accounts.
[2] For those willing to stay the course, I would provide them with the ability to make limited monthly withdrawals. Who knows, David might even use some investment capitial to expedite the rebuilding of the accounts.
Forex_loser said
I did get a hold of Lewfam’s office in Atlanta, they had no information beside that the court case has not been determined. The person who answered said that they had money in the pot too and we are all waiting. They could not answer if money was still being traded. I was very disappointed in that answer, millions involved and you dont know if they trading or not, come on
On another note a partner a mine call TCI prosecution’s office and the man say that is not alot a money that freeze, that get me worried but we have to separable truth from rumor, whey the money gone? Please post facts not rumor.
pissed of says said
Aaah well, did anyone get lewfam? It will be interesting to hear what they tell us…
Dehustle said
Happy New Year Pat !
As usual we R on the same wavelength I too believe some money left but woefully inadequate to feed the multitude and if Ds were to come clean and say be can only pay X % to ALL investors in an equitable manner that can be verified (independent auditor statements etc ) most pple would take it and move on
I also had to come to the realisation that yes there were some external forces at play but Ds is still really at least 70% responsible for the mess we all are in
The unfreezing of funds may be a step towards closure but just a step as pple were NOT being paid b4 the freeze
P.S Another curve ball to consider even if Ds was totally on the up & up with the financial mess the US is in I do believe the Feds/Us govt /Banks etc will only be too glad to use any excuse to hold on to the money that “ may “ be at any broker or bank (especially under the umbrella of third world money laaundering )
The poster who first suggested this some mths ago during the “due diligence phase “was scoffed at and sure enough a few mths later Wachovia etal were falling like a deck of cards
As they say compounding errors can be bitch
Peace
Dehustle
Patricia said
Oh BTW, I am not saying that there is no money. My belief is that there is, but no where near the amount required to pay members what is due. I also believe that he is not in actual control of much of the funds, and in fact, cant move funds because it is now labelled as dirty and any transaction will be flagged as suspicious. So many entities,individuals, and jurisdictions are involved. Is it a nightmare or just a perfect tangled web of deception? A matter of perspective.
Patricia said
RedP and Chilly, myself and a few others have wondered for a while why is it that no offer of settlement was ever made to members? All that we have ever been told is what DS wants to do.
Nothing to date has been put forward that is in the best interest of the club members. Asking for 9mnths to rebuild the fund, was in his interest. That was patently clear, as many members have stated that they would have settled for even 50% of their statement balance, and many who had never received a payment, simply wanted back their principal.
Everything from January 2008 has simply been a stalling tactic. Certainly, he has been aided by events such as the DOJ and TCI authorities freeze and court delays. I have no doubt that many things are really out of his control, but this was not always so.
Half-truths, white lies, and creative accounting have this funny way of snow-balling into deceit and fraud.
Between Feb and June last year, any significant payments received were due to strong arm tactics and not because he has done anything to put the club members interest first.
It really begs the question as to whose interest he’s “fighting” to protect? The answer might not be what you want to hear. But if ah suh then ah just so! And yes!!, in all of this GOD is at work!
Live&Letlive said
RedP
I was at Stephanie hall Kingston when DS said two things in front of hundreds of people
“I cannot promise you guys even half percent per month” SO HE REMOVED THE PRESSURE FROM HIMSELF TO POST FALSE GAINS
“”I will try and make forex training available to Jamaicans so that nobody has to depend on me”
.
that was after people expressed the concerns that they did not like depending on the one MAN
Now everybody has forgotten that when they want to kill MTI and DS and label them as thief.
I have spoken to this guy on more than one occcasion and if he fooled me well I can tell you this he will be able to fool me again.
I will believe he is a CROOK when I have proof. I DO NOT HAVE ANY YET
RedP did you speak with him when he gave us the tel# in December?
chilly said
RedP @500,
I share your optimism. Having said that, it is clear OLINT will not be able to survive all these delays. Few members will be interested in allowing him to rebuild the account at this point, thus forcing him to settle the accounts with what is on hand. Nevertheless, even in this God is at work!!!
DR said
I still have faith….We shall overcome…(some day!)
RedP said
Good Morning folks,
Something to ponder for you.
If DS is scam artist, if money get tek weh and tief up, if alla dis was big ponzi scam and set up, if no money deh deh, why are ppl still employed to olint?? Especially after such a long time since the fund has been frozen?? Why they havent gone the way of C- ??
I’m sorry but the full 100 dont drop yet and all now ppl weh say dem have the full 100 cant drop it all now.
So unnu can say all you want, until smaddy can give me living PROOF that all the allegations laid against olint and its directors is true, I willin to hold my corner and remain positive.
And if the allegations are true and money done, a just so, but until then I will trust God that things will work out. And if they dont work out, I will still trust Him.
Peace
RedP
stimu said
Trust me bloggers tci people dont like outsiders.The term they use is non belongers to describe outsiders. The term is even on their legal documenTS
pissed off said
Let the darkness continue, I dont know guys, lewfam didnt open its doors today, my guess is they will remain close until after march 11….pretty bleak,,,, i wont even bother calling them: there is nothing new for them to report.
John Blacks said
i wish the folks in tci would realize that a lot of innocent individuals are suffering due to their extended delay in unfreezing the funds.
if there was any illegal activity on the part of OLINT does that mean we all have to suffer the consequences of what we had no part?
cw said
Typically the gov’t has hard evidence before they go ahead to file a case. If in fact, after so many months they can’t find anything, it seems to me the Court should dismiss the case without prejudice, allowing the gov’t to refile in the event they do find evidence. I suppose, it depends on whether he was charged criminally or with a civil offense. In any case, I think the focus should be making investors as whole as possible. Wish we could get further insight into the proceedings. Does anyone have more info??
Live&Letlive said
No Maria
it caan guh suh. DS will have to get the court permission to show us the Audit results.That will help our state of mind. None of the pose has been able to raise him since evening.t
Chin up Maria better must come
maria said
all in all the court is not being unreasonable in tacking on two more months to the gestation period.i guess whosoever is investigating cant now say they werent given enough time. personally speaking though if they havent found anything incriminating yet it is doubtful they will with the additional 2 months. well if the court hasnt freed up the assets of DS by april 15th 2009 i throw in my towel. goodbye $400 million. lol,haffi tek serious ting mek joke.
chilly said
It sounds like March 11th before consideration for unfreezing the accounts. OLINT update before the end of the week. The wilderness journey continues !!!
Live&Letlive said
PIPUNIT
PLEASE EMAIL LEWFAM I GOT A RESPONSE FROM THE EMAIL. THEY DO NOT HAVE ANY MORE ANSWERS. THEY WERE WAITING ON THE RULING LIKE EVERY OTHER OLINT INVESTOR. THEY HAVE TO DOWNSIZE OPERATIONS IBELIEVE THEY SUSPENDED THE PHONE LINES FOR THE MONTH TO SAVE SOME MONEY BECAUSE DAVID IS THEIR TRADER AND THIS PROBLEM HAS GONE ON LONGER THAN THEIR FINANCIAL RESOURCES. I GUESS YOU CANNOT UNDERSTAND THAT BECAUSE YOU RESOURCES IS STILL RUNNING GOOD.
tia said
Our speculations surely not doing Olint any good it’s just adding fume to the Olint’s fire. Why is TCI government taking so long to do the investigation. Is TCI government saving the USA Bank Wachovia(or the bank that buy out Wachovia)from a bailout . If Olint asset should be unfrozen then there is going to be a huge demand for money and that would affect the operation of the USA Bank. That just my take.
Forex_loser said
NO No tell meh is not true, what are we going to do? We have to just trust in GOD I am very sad though, lets pray for one another to get through these times.
Fresh Prince said
I am not into the hype. 6.5m in TCI. Freeze still in place. That’s it.
RedP said
From a friend :-
TCI Court ruled that freeze on funds to be extended for another 2 months to allow for further exploration of case findings.
CS said
Fresh Prince know how to kill spirits. Any news yet? All the Spys on vacation?
pissed off said
No news all day…
PipUNIT said
Thanks for the positive words Fresh Prince.
Fresh Prince said
You already know the answer and you already know what will follow after the court’s decision. Accept the reality of what is.
pissed off said
Why is it taking soooooo,looooooooooooooooooooong!!!!!!!!!!!!!!!!!!!!!
pissed off said
I guess no news as yet…
PipUNIT said
My guess is LewFam is waiting to come back after the ruling has been delivered. Real classy A$$holes. So much for keeping your word.
PipUNIT said
758-452-0389
758-450-8121
758-450-0581
758-452-8700
866-946-1815
and the “new” numbers from their last email that “hey we’re taking off for a month” and can’t get anyone. Those numbers are 305-600-4367; 954-376-3277; and 404-567-4804. The 866# and the “new” ones appear to go straight to a voicemail. If i get connect to anyone I’ll post it on here. You all do the same. WE NEED ANSWERS enough is enough.
pissed off said
yes, I just call them, no answer.
PipUNIT said
Isn’t LEWFAM supposed to be back from their month vacation today???????
dehustle said
linters check ur email
pissed off said
Any news yet?
PEI said
Maria my answer is no also.
RedP said
Whaapen Dehustle?? See I come up for air!!
Very refreshin to see you post again, missed your wit and humour.
You know, I got involved with olint because of two things.
1. I wanted to make more money
2. Everyone I spoke to, spoke of David Smith’s integrity.
So ok, I have never met him nor have I spoken to him, what I know of him is based on what other ppl who claim to know him have told me.
He comes from humble beginnings, raised with a Christian upbringing.
Is/was (not sure) a practicing Christian, a heavy giver to the church.
Had a vision to empower the “little man” financially.
People told me that he is a man of integrity, one who trusts God.
You more or less know the story.
Now I dont claim to have a big analytical brain or fantastic IQ but using what little intellect that I have, I’ve sorta been mulling over all this.
Now if all that has been told me thus far about David Smith is the truth, I would be hardpressed to believe that someone like this could all of a sudden become so unconscionably wicked so as to rip off thousands of people.
Call me gullible, but when I take stock of the situation, I have to give Mr. Smith the benefit of the doubt. Lets hope I’m right.
Love and Peace
RedP
Prayer Bus cjb @ cwjamaica . com or olintdude @ gmail . com
People blessing people
Live&Letlive said
I do not know if DS has any money
but this is what we all know
All of DS brokers were audited in early2008
A complaint was filed against I trade FX in june
The case was completed and no penalties given
DS assets were frozen in TCI in july. Computers were returned in SEPT 2008, assets still frozen
Plus all the rumours of investigations by FBI DEA INTERPOL etc etc
NCB has been fighting like a lion to close his accounts from the judgement summary they need to close his accounts because they do not know enough about DS and they might be implicated in MONEY LAUDERING AND THIS MIGHT AFFECT THEIR NATIONAL AND INTERNATIONAL IMAGE.
MY QUESTIONS
Who has been so good to us to have DS/OLINT in the regulatory spotlight all of 2008????
What effect has all of this attention had on DS & OANDAs relationship and on OAndas AML programme and oanda’s banks willingness to move DS money??????
Who took out the big monies in December 2007 if everybody big and little is bawling now.OR WAS THIS A LIE OR RUMOUR TOO????
Where is the brother Bovel???? Issa seems to be very quiet even with his ass in fire at the court downtown kingston
The last time the lawyers spoke to us they spoke of a nine months wait Well DS says that the lawyers will be talking again next week him better watch the NEWS from the lawyers wi not in the mood for delays!!!!!!
pipunit
HELP MI PRAY
dehustle said
Pip
the way I see it 200M prolly does exist but as we realize how many feeder groups and how much other million dollar accounts there are
200mil is a drop in the bucket ….. but for my sake hope Ur right
P.s U nuh seh Redp Missing all day prolly de pon some serious prayer and fasting
PipUNIT said
By the Way the song Three little birds by Bob Marley is like my new confession lol. If things go south might have to change it to “I shot the sheriff” LOL..
PipUNIT said
DS was in the process of wiring over 200mill to Jamaica at the time of the TCI freeze. He said it himself on the radio interview with Cliff(well the part about wiring he said). But it seemed to be all over the boards that it was 200mill from people in the know. I’m sure it will work out tomorrow and very soon after we’ll all have our money.
maria said
only one person addressed the point i raised and even then they had to say something else before reluctantly giving the answer. lol. seem like a pure politician pon di blog !!! will DS assets be unfrozen or just his computers?
dehustle said
Haven’t been here in what seems like ages see a faithful few still holding peace & love and happy New Year
As far as the Olint debacle goes right now is nothing short of a miracle it going tek to sort this one out
Lest we forget long B4 di man dem lock dung pan Ds in Turks him wasn’t paying nobody so what going change tomorrow even if dem unfreeze him funds?
Me personally feel that a likkle money lef but it is woefully inadequate to pay all the sums outstanding (feeder clubs alone)
Hope and faith is the evidence of things not seen however if DS really a keep pple holding on to false hope all dis time (one wholla year ) and him know sey di money dun him woulda double wicked betta him come clean and dun so pple cam move on
P,s Like I’ve been saying for months Ds never said explicitly when the 9 mths belly start one blog reported him saying 9mths as after him get access to him funds
My heart want me to expect a miracle but my head is saying wacth the goal post continue to move
Keep the faith
Peace Dehustle
DR said
Let hope that when the free DS money tommrorrw….The will free the other clubs like “Daisy”…..hmmm
Live&Letlive said
Pipunit
I hope the verdict is worded in such away that the OANDA people dem let the bigman run ASAP
PipUNIT said
DS’s assets will be unfrozen tomorrow. The court will rule in his favor. SO BE IT.
Fresh Prince said
That is just for argument sake because there is no money. The answer though is NO.
maria said
i dont know, i was just wondering. if you were DS and some people expressed a wish to accept 1/2 of their balance as at 31 may last year would you pay them before those people who had requested funds from as far back as 07?
chris said
I have been out of the loop for a while and just took a look to see what’s new.
For all you Higgins warner Fans…..kiss it goodbye. i was one of those who got the e-mail, immediately sent off the requested documents (December),and was given a confirmation of payment to be recived by x date. My good friend actually got his cheque ($42,000.00) and i was even upset that he got his before mine. He sent his cheque (Bank of america) to his brother in Florida and asked for verification of funds. The bank told him that if the cheque is presented it will be confiscated since there is presently an investigation into the account holder because the account has been dormant for some time and they have been receiving several cheques for encashment. I am so pissed but was glad that i had not gotten a cheque because I might have started spending before i encashed it. That thiefin’ Bumboc@%#.
I’m still trying to figure what he gained from that process.
LionHeart said
http://news.yahoo.com/s/nm/20090110/us_nm/us_madoff_markopolos
“…… The derivatives expert turned his analytical focus on Madoff in 1996 after his boss at Rampart asked him to figure out how to match the returns of Bernard L. Madoff Investment Securities LLC. Years of analysis convinced Markopolos, originally from Erie, Pennsylvania, that it was impossible for Madoff to consistently outperform markets so dramatically.
He brought his suspicions to SEC officials in Boston and later New York, eventually alleging that Madoff was running a “Ponzi scheme.” That type of scam was named for Charles Ponzi, who defrauded Boston-area investors out of millions of dollars in the early 20th Century ………….”
Forex_loser said
Can someone give some pertinent info on what transpired today. We also want a feel on how things went and what might bring based on what happened today.
Fresh Prince said
I repeat nothing will change. You will not get any money. Do what you gotta do. Gone back to Belair
RedP said
Final decision by court reserved till Monday Jan 12. Hang tight folks
RedP said
Its very quiet, is that good or bad?? O4L any news?? Tito?? Anyone??
RedP said
PEI @ 457 YUH MAD!!!!!!!!!! Ah coulda never dash weh di bus ever!! The bus special iyah!!
pissed off said
Any news?
PEI said
RedP yuh dash wi weh?
PEI said
Me see how some people working up themself but energy need to put into getting proper justice. I talk to some lawyer and the problem we having now is the monkey system in Jamaica and turks.
We cant expect much good from the courts in Jamaica but like how Turks is a british dependency and Olint suppose to register there then Court action should start there. First whther him started doing fx for real and then later turn into ponzi the fact is that him running a ponzi.
TCI authorities should arrest him on fraud charge and appoint a receiver. I get to understand that my lawyer can argue to the receiver that people who invested and get back money before Olint stop payout should pay it back and not just interest but that some might have to pay back a part of the principal they recover.
The lawyer say that all them people who did collect there money up to October and who had inside info about what was really going on and pull out all their money are a part of the fraud and must not benefit. They must not just give back the interest but should be made to give bck some principal. People like me who dont get back even a penny thats the only way me can recover anything.
So people follow what going on and see who was getting the monies from early and up to last Dec. Them have we money too is not just David Smith.Those smart money people who get the heads up them is part of the fraud to
CS said
Live&Letlive, what is the blog email and password for wireless expression? Is it my email and my own password?
I tried that and it didn’t work. Email me conalspe@hotmail.com
PipUNIT said
Somebody call that number i’m going crazy over here.
Live&Letlive said
Feedback
I called Mobay his secretary she says BENJI is abroad. I have not heard anything else.
LionHeart said
I have not called, just putting the information out there for all to know.
Live&Letlive said
Lionheart
when you called what did they say
LionHeart said
Turks and Caicos Government
Judicial Department
Court’s Office: (649) 946-2114
Magistrate’s Office
Phone: (649) 946-2114 Fax: (649) 946-2720
Email: court@gov.tc
Clerk of the Court
Turks and Caicos Government
Judicial Dept. Grand Turk
Turks and Caicos Islands, BWI
649-946-2114 – Dodley Lewis
Your FEEDBACK said
Can anybody confirm reports coming out of JA. that they killed DR. Benjamin from New line, is this true?
Heard it was over the investment piggy back club her started.
PipUnit said
When time does the trial start?????
hd said
If David Smith was the Christian he is purported to be he would have come out and told the truth a long time ago regardless of the potential consequences to his own image or riches. People with bills are suffering because they believed in him either because of the unavailability of their money or just not knowing when or if they will ever get their money back. As for the others running schemes in Jamaica based on David Smiths “reputation” and the others with their own scheme, it’s about time the government get serious and arrest them (just like Carlos Hill) and return whatever money’s can be returned, that is if the government representatives and employees themselves can be ever so honest to do just that. Bacause regardless of whether they were trading FX like they all said or they were running a Ponzi scheme none of them are honest enough to return peoples money.
RedP said
Tito if your out there and can manage to do so can you get any info on todays court case for us?? many thanks!!
Rabbit said
Decon and Fresh Prince….listen to Patricia.
DS will bear the consequences of any wrong-doing that he has done and will also have to answer to a higher authority than the TCI or J’can courts. God sees and knows all – nothing is hidden from His sight. For any unrepented sin we know…”…Vengeance is mine, says the Lord. I will repay….”
Don’t do anything or incite anyone to do something you will be sure to regret. Don’t go looking for trouble for yourself. Let the law take its course.
RedP said
Good Morning folks,
the good that has come out of this is that some have drawn closer to God and put him in the position that He rightly deserves, I also know of one whos soul has been saved. All things happen for a reason and God can make good out of any bad situation. So, what is the price of a soul? Priceless. When one looks at it in that context, has all this madness been worth it? I say yes.
On another note, at 8 pm on Saturday, CNN will be broadcasting a documentary on the Madoff affair, it should be an interesting watch.
Lets all hope and pray for the best today.
Love and Peace
RedP
tia said
@442
Mi with u. I just want my money (Principal)back the earlier the better. If Lewfam want to give mi the bonus fine. The waiting right now is very painfull. The only good thing for me in all of this is that I call on God more than ever. I don’t know what God is preparing me for right now to get the money or to live without the money. Lewfam/DS what is my faith?
PipUnit said
Fresh Prince go back to Bel Air. Of course DS has money, you think the courts would have went through all of this if there was nothing. I don’t doubt that there is not enough to pay out 100 percent of what we have in. But that’s why he’s asking for 9 months. But we should be able to get our principal back. Well i’m in lewfam so who the hell knows. I better get my principal back. That’s what they been promising us. For all those who are hanging out at the courthouse. We need updates on the minute.
John Blacks said
the latest on the madoff story is that investors previously paid will have to repay the false interest cashed in addition to losing what they (thought) they still had on account.
the good thing with those guys is quick closure.
not ‘knowing’ what the real deal is with ds – is maddening.
i respect and support RedPs prayers and faith in the power of God but like the man who prayed God would bless him with winning the lotto and did not- because he did not buy a ticket…if DS was working his own little selfish show without the blessing and support of the almighty WE GOOSE COOK.
Patricia said
Oh dear some are going down a slippery path. Is it worth it?…leave those who have done wrongs to the law and their conscience.
John Blacks said
if ds has no money he should just come clean as madoff did with his people and say so. there are too many people who are hurting while holding on to hope and faith that he does.
the sooner the factual revelations are made then the sooner we can all face the music and move on.
moving on will be different for each and everyone of us.
for some it may mean spending the rest of our days hunting david, his family or friends. for others it may mean praying a miracle happens to come out of the debt.
Fresh Prince said
Nothing will happen tomorrow because there is no money to get so get over it.Lynch DS now.Thats the only justice.
pissed off said
Tomorrow is D-day, Lets hope the BS and the running around is over for some of us…..GOOD LUCK TO ALL…. I WANT MY MONEY BACK,
RedP said
Amen JahB
decon said
David Smith, i hope you or your friends are reading this, if i cant get you i coming after your wife, If i cant get your wife i coming after your children. You knows its coming to an end for you or/and one of your loved ones. Its only a matter of time. And while god might punish you, I want jamaicans to know what happens when you mess people.
Better you save face and “take care of yourself”.
Ms. Tiny said
WW assures clients “they will not loose their money” 7pm new Jan. 06, 2009. Did anyone tune in?
jahbilly said
All animals(2 and 4) legged are created equal. DEATH is the great Equalizer. For the 2 legged, I must inform them that Brinks/Guardsman don’t go to the graveyard. While you are alive, “Treat each other the way you want to be treated”.
Rabbit said
Night all.
PEI – welcome back!!!
Jonothan @ 429/430 – that is a classic! George Orwell’s Animal Farm.
jonothan said
Back in high school days i had to read a book for english literature. it had a line which stood out for me and is evidently still applicable today. it goes something like this ” all animals are equal, but some are more equal than others”.
jonothan said
Back in high school days i had to read a book for english literature. it had a line which stood out for me and is evidently still applicable today. it goes something like this ** all animals are equal, but some are more equal than others**.
PEI said
RedP is true words that my bredrin.
RedP said
Hi folks, for some reason my post will not go through on Wireless expressions.
Please forgive me for answering Sean here.
posted by SEAN 1/2/2009 5:01:35 PM
Red P, you keep calling my name on the number 4 blog where I am blocked. I need no vindication from anyone. Including you. Dig? Red P my name is SEAN BELCHER…you know mi? i am wataching to see how you will respond to your name being placed right here by me….when the time is right. that time is soon.
………………………………………………………………………………….
Sean, you are your own big man and can do as you wish. I have nutn to hide and sleep very well at night. So basically I really dont care if you post my info here or not, it’s neither here nor there with me, it matters not. You see my friend, in the scheme of things this is all BS really.
What matters most is the state of ones soul guy. On that most important day of ones life, will one be able to stand blameless before the throne of God. That my friend is what matters to me. Aside from that Sean, all else is vanity.
Peace
RedP
sandy said
@ redP post 414
your saying $5million usd is chump change for the azans,issa and matalons , I know we have rich people in jamaica but i wouldnt have thought $5million usd rich.
The thing though is much there wealth is generational.
And its obvious they only marry with their cousins to keep the money in the family and maybe not to taint their race with ol naga.
As yes jamaica, out of many one people…what a joke. Out of many one people but some people getting more than many ones. Anyway away from the point though.
Maybe we should think like these people and make money a generational project.
Live&Letlive said
give your own blog name, blog email address & blog password. remember to enter the truxxx code given in the last box
CS said
Does anyone know the password for the wireless expression blog? If so, can you email it to me at conalspe@hotmail.com. Thanks
Live&Letlive said
PEI
happy new year.
Dwight A Williamson is Tony Williamson the A in the name is Anthony. Tony has no son called Dwight.
The man bought this house in April 2008 he was investing his own money in OLINT since 2006. that does not make him a teif. That shows us how he believed this forex thing was a good thing and that it could work for us. probably more of us should have taken out some of our money and put it in real estate in 2007/2008.
the good thing he has assets outside of forex we can divi up.
Hang in there PEI
LRC said
Happy new year to everyone. May God pour down His richest blessings on us for 2009 and always.
Good to see u all hanging in there.
PEI said
RedP, Merc V, Dehustle, Miss Pat Sister Rabbit and Patty Paige greetings!!! me take a break from things and catching up now. I read on the next new blog how Tony Williamson son Dwight buy house in Florida for over 400 grand in cash last April. All now me dont hear gun fire from him father bout my money. You know say is to Dwight Mr T. instruct me to wire my money when me join UWIN?? so when me read that, is like me sorry me come back. Anyway I going on still and give thanks I Have health and strength and no deh pon nuh meds. Just ah try embrace the 2000 and mine
more time
RedP said
PEI!!! Wha gwaan bredren!! Nice to see you surface. Yow Merc V, DW!! You guys alright??
PEI said
Gentle people. HAppy New Year to all of you.
Life ah sump’n else …….Look here now
…..”Retired president and chief executive officer of Scotiabank Jamaica, William ‘Bill’ Clarke, is now engaged in a legal battle in the Supreme Court to prevent the bank from evicting him from the house which was assigned to him.”
http://www.jamaica-gleaner.com/gleaner/20090106/lead/lead1.html
Rabbit said
Your FEEDBACK @ 417 – Happy New Year to you.
Thanks for responding. My comment was really tongue-in-cheek, but….at the same time we could take on K’s challenge and have some constructive discussions. It appears that you are an experienced investor. What areas are your specialty?
Your FEEDBACK said
Hello Rabbit,
Glad to see you for the New Year? I would be more than happy to help with any questions? what exactly are you in need off?
Rabbit said
FYI – Rove had a loss of 3.28% for December (Nov’s loss was 5.69%). There was very little trading activity in December.
Comment – how you doing? I am about to withdraw the little I have in Rove. I might need some investment advice from you !!!
Happy Monday to all
Rabbit
PipUNIT said
Doesn’t the trial resume this friday the 9th? for David Smith
RedP said
Hey guys how you all doing?? Hope all is well!!
Sandy @ 412 5 mil. is chump change for those peeps!!
jsm said
Good Morning Everyone:
I do hope you all had a Great Weekend.
Hope for all it will be a Most Bountiful Week.
JSM
pissed of says said
Hey Guys
4 days to go . Let the countdown begin………
sandy said
Hi, would anyone here like to speculate how much the networth like the ISSA’s, MATALONS, AZAN, MARZOUCA’s have?
5 million usd or 100 million usd.
i ask only because i want to know what $$$ “wealthy” actually is in jamaica.
Patricia said
DR?? DR?? ..hey you!! Well good to see ya…
Now on another note …I’ve been following this and I can see agents, brokers and many others running like mad ants …
“Citing the steep cost of mortgage fraud on South Florida, a Fort Lauderdale federal judge sentenced a Jamaican man to eight years in prison this week for orchestrating a $12-million mortgage-fraud scheme in Broward County.”
http://www.jamaica-gleaner.com/gleaner/20090103/business/business3.html
Rabbit said
Amen DR!
He is our Provider and He promises to meet all our NEEDS (not necessarily wants). He will work all things out to the eternal good of those who love Him and are called according to His purpose.
DR said
I still believe God can/will make a way!
Even if my money is not refunded, he can make the money I have currently, Expand! He can give me a salary increase…..The truth is some of us lost focus, we started looking at the money we were making instead of looking to Him…..Let the church say Amen!
RedP said
Thanks JSM, all the best!!
Hang in there Pat, Tia and Sharonette!! Pray the winter is a short one!! Here seh it well cold!!
Love and Peace
RedP
JSM said
HAPPY NEW YEAR TO ALL OUT THERE.
Whether or not you believe in Economy Recovery I wish you all a Prosperous 2000 “MINE”.
The Holiday Season is a Time for sharing. I am fully aware of the Sentiment on the Blog regarding NCB, but I believe one should not “Cut off dem nose fi spite dem face.”
In the last week NCB has risen from 13.50 JA$ to a close of 19.50 JA$ at the end of the trading day today. That is a gain of 44%. In the Finacial market we all search for “Mustard Seeds”. Sometimes we have to take off the Blinders.
Oh, SDBG closed at 12.00 JA$ today. That is a 52 week low. Something to consider.
THE ABOVE STATEMENTS IS NOT A SOLICITATION TO BUY OR SELL STOCKS IN EITHER OF THESE COMPANIES.
I AM JUST OFFERING TO THOSE INTERESTED SOME INFORMATION.
HAVE A BLESSED 2000 “MINE”.
JSM
pissed off said
Happy new year one and all. All the best. I hope next week this time there will be more than a ray of hope. let the COUNTDOWN BEGIN!!!!!!
Patricia said
Anyway folks, just remember to think of, pray for and work towards positive outcomes in all areas of your life. Will it in HIS name, as no matter what, greater is He that is in you than he that is in the world. Accomplish what you will by the grace of the Almighty who is all knowing and your all in all.
Peace
P.
DREAM BIG AND DREAM IN COLOUR
Patricia said
Bwoy RedP what dont kill us makes us stronger. I can honestly say, whenever I leave here, that I SURVIVED CANADA!!!…trust me, that’s a considerable feat.
RedP said
One would have figured that if Issa really owed strolley, then that would be a chumps he coulda pull out of his back pocket!! What a start to the new year, interestin times fi true!!
Well lets see how everthing pans out this year, Is Sirach/Belcher the real deal or rambling? Is Supah Dave the champion or the cheat?? Pull up a chair folks and get your popcorn ready!!
I will stock di cooler for all who nerves gettin shaky!!
Peace
RedP
tia said
Sharonette
Yes! We are living in the same deepfreeze. Calgary to be exact.
Rabbit said
Happy New Year!
From the Observer – an Olint related action
Court freezes Issa’s assets – Cool Oasis boss says fraud allegations are lies
The Jamaican Supreme Court has ordered a freeze of the assets of businessman Joseph ‘Joey’ Issa, following a US million-dollar fraud/negligence suit slapped on the Cool Group of Companies boss by his close friend of 14 years.
http://www.jamaicaobserver.com/news/html/20090101T220000-0500_144347_OBS_COURT_FREEZES_ISSA_S_ASSETS_.asp
Rabbit
RedP said
Happy new year to all you snow birds!! yuh good sah!! I dont know how that cold weater dont drive you mad. After 9 years I called it quits, couldnt tek it no more!! Nuff respect!!
Sharonette said
Happy New Year to you all……Patricia, it’s really bright and sunny but cccooolllddd today. Tia, pray tell, where art thou, I am in Alberta and the temperatures are the same as yours. Missing Jamaica now
ANYWAY HAPPY NEW YEAR ….SNOW OR SUNSHINE (OR BOTH)…..WIND OR RAIN
tia said
I wish a Victorious 2009 to all on the bus. Hope we will get lots of money in our pocket/bank account. I had a great Christmas in Jamaica nuff sunshine and good food. I am back in the cold today’s temperture is -22c windchill is -30C.
Patricia said
What a glorious day it is!!!! (cold, but sunny and fabulous)
..Happy New Year!!!
jonothan said
ha ha ha, seems i am the first to post in 2009. all the best everyone.
Sharonette said
Wishing you all a HA…HA…HA…Happy New Year in 2009.
We all can agree that 2008 had its challenges, more than most of us would have hoped for. But, we are reminded that once there is life there is hope. We have experienced how fleeting wealth can be(esp. this year), but let us seek to store up treasures in heaven, which cannot be stolen or where moth and rust can’t corrupt.
As the economies around the world are shaking, we have all had to tighten our belts. WE CAN SURVIVE, WE WILL SURVIVE. After all, most of us didn’t have half or even a quarter of the resources that we now have, while we were growing up. That didn’t stop us or our parents from being kind, from loving each other,or even from being happy.
If we can’t be wealthy, at least we can afford to be healthy.
It costs less:
To eat at home and it’s healthier,
To walk more instead of driving to see our neighbour that lives 2 blocks away
To drink water instead of sugar-laced drinks
To think pleasant thoughts instead of unpleasant ones
To do a good deed for someone, instead of staying home and wallowing in self pity
Remember God always supplies our needs according to His riches in Glory…As RedP implores us, let’s keep praying for each other….In 2009 let’s prepare to Shine(if not in wealth at least in health
.
RedP said
To all my blog friends on the #4 Bus. I’d like to wish you a happy, safe, peaceful AND prosperous new year!! Yes, prosperous!!
Dare to believe that there is a God who can supply all your needs according to His riches and glory in Christ Jesus. Dare to stand in front of your circumstance and command it to be thou removed. Dare to believe how much more God cares for you than He cares for the sparrow. Dare to believe that God is a miracle worker and proves Himself time and time again.
Call me an idiot, a bible thumper, a Jesus freak, a zealot or what have you, I don’t care. I dare to stand in faith and let God out of the “box”. I for one will not give in nor give up. Remain steadfast my friends and have faith.
The battlefield is in the mind. that is how the enemy attacks. With negative thoughts, and then those negative thoughts gain power when spoken, for there is life and death in the power of the tongue. The spoken word is power. Strike down all negative thoughts and bring them into submission of Christ. Start speaking the word of God into your lives and over your circumstances. Their is life in God’s Word. Believe and doubt not.
The air around the Olint affair is negatively charged, be what it may, we know not if fraud was committed or not and details are sketchy, but guess what?? Your funds belong to you and no one else. God gave you the ability to get wealth, you took that wealth and put it into a vehicle you though was safe. Are the funds still yours? YES. Call me a madman, I care not, but take my advice, command your funds to come back to you in Jesus name and do not relent. THEY BELONG TO YOU. Speak and pray the Word of God into this situation. Have faith, have patience, humble yourself, trust God.
PRAY!! Prayer changes things, ask the people who have been blessed by the Prayer Bus. When praying there is a sequence.
First- Forgive, Lord how many times must I forgive my brother who sins against me? 70 x 7 said the Lord. If you have unforgiveness in your heart it is a hindrance to your prayers being answered.
2nd.- Humble yourself, ask the Lord to forgive you, confess your sins to Him and Him only, repent.
3rd.- just open your heart, let it all hang out, just talk to God, tell Him whats on our mind, what your burdens are, pray for His peace that surpasses ALL understanding, pray for your enemies, your family, your friends, your business, your employers, the government, the nation, the poor and all else that comes to mind.
4th.- Give thanks, praise Him because He is an awesome God worthy of all praise, who, despite you knowing or not, has sustained you through your circumstances, has given you life and breath and wants to bless you more than you can comprehend.
Have faith my friends, be at peace, be still and KNOW that there IS A GOD.
God Bless you all,
Be blessed
Love and Peace
RedP
Prayer Bus olintdude @ gmail . com OR cjb @ cwjamaica . com
Comment said
All the best to my blog family, Patricia, Rabbit, Redp, Dr, and all the others that i have forgotten.
Happy New Year and all the best for 2009***********
Rabbit said
Twas the night before New Year’s and all through the blog not a creature was stirring….
Joining Jonothan, K, RedP and Patricia in extending well wishes to ALL. As P said, true riches are not necessarily measured by the size of one’s bank account so I unhesitatingly wish you EVERY blessing for 2009.
K – I do like your challenge to all of us. We can do more than speculate, adopt a wait and see attitude etc. Driva has other sections on this blog, FX traders, stocks, real estate etc. The activity in these sections died down. I think most of us are in the drive-by reading mode. It is up to us to start the sharing of ideas and the discussion again. Hopefully our old-time friends will re-engage, we will meet some new friends in the process and we will learn from each other.
So to 2009 – let the discussion begin!!
Blessings
Rabbit
Patricia said
Hey everybody!!! Seasons Greetings and a Happy, Healthy and Safe New Year to you all….dont worry, prosperity is not just in money…keep the faith and keep striving for better…as always
..Live simply, Love abundantly and expect little..dont forget the laughter..you just got to have that!!
Peace.
P.
jonothan said
wow, 3 whole days without a post. if i said a prosperous New Year to all i’d be a hypocrite knowing the situation with the schemes so i’ll just say happy new year when it comes people. hope tings work out soon.
RedP said
I wish all the old regulars would come back and post. Floridian, LB, SNB, Merc, PEI, SOTB, Vhappi, vpositive et al!! WEH UNNU DEH?? YUH DEH PON VUCCATION??
Merry Christmas!! Miss unnu!!
RedP said
Here here K!!
All the best to you and yours!!
K said
Oh one last thing I’d like to add.
Some folks here would like us to believe it’s a pie in the sky dream to make consistent money at trading/investing.
That’s clearly nonsense. A few scammers (Madoff, etc) cannot in any way suggest or imply it is impossible. So let’s focus on the possible and turn the blog around to some useful educational value for bloggers and members.
K said
Fellow bloggers I am going to pose a challenge to us all.
First up, we know the mischief makers and they masquerade themselves with different names. With that being said let’s learn to avoid them.
Like many of you I have devoted a lot of time to learning Forex and trading the market live. There are many options one can select if he/she wants to be a trader. For some reason I never gravitated towards stocks. Instead I gravitated towards currency trading.
Let it be known there are other vehicles outside of stocks and currency.
Despite all the ripoffs, scandals and fraud there are legitimate traders in the marketplace. A lot of them working from the privacy of their home.
Recently, I was house hunting with a friend. We had an appointment for a particular house with a realtor. The owner of the house was away at the time. When we got to the basement I came across an office with a desk of 12 monitors. Being an IT pro myself I was immediately drawn to the desk. At this point the realtor informed me the owner is a trader. Given my keen interest in forex I inquired if he traded currencies. Like most people he was unaware of the currencies and just said he trades stocks. This owner has been doing this for years and works from the privacy of his basement.
I have not been able to meet the person as yet but I am in the process of taking steps for this to happen.
So where am I going? For the last several months we have been myopic and focused on just seeing the shrubs in front of us and no the the actual forest. We argue and assume a lot of things when we do not have all the facts. Many of us are just names behind a computer and an IP address. Very few of us know how this will all shake out.
In the meantime here is my challenge to us all. It is clear, all of us here have a need for alternative source of income or perhaps a career in the financial market. Since we all have a common purpose here why don’t we CONSTRUCTIVELY utilize the our skillset/ knowledge to focus on a blog where we TRULY learn how to be financially independent.
This could mean how to become a better trader to manage/grow your retirement account, your savings account or your lunch money.
We need to stop using our typing cycles for NON-SENSE and use it to some good.
Driva, yuh need to take control of your blog. It has become like a wild wild west. I am sure we have varying folks on the blog, some active, some passive, can’t we put this to better use.
I am open to hearing your feedback and willing to commit my IT expertise as well as trading knowledge to a worthwhile endeavor.
The blog is deteriorating thanks to some empty barrels and hijackers.
K said
Merry Xmas to you too Redp and others!
jonothan said
MERRY CHRISTMAS ALL AND A HAPPY AND PROSPEROUS NEW YEAR WHEN IT COMES. HOPE WE ALL LIVE TO SEE THEM AGAIN AND NO ONE JUMPS OFF ANY BRIDGES OR ANY SUCH THING ANYTIME SOON.
RedP said
To all on the #4 bus and mi friend dem on the “for” blog. Even though times rough, and the belts are well tight, I’d like to wish you all a merry Christmas. Amidst these trying times may you ALL have a happy, peaceful, joyous and safe Christmas. Although things nuh look pretty for 09, prayer changes things. Continue to keep the faith and trust God.
Love and Peace in Christ
RedP
RedP said
Seeing as I’m not allowed to post over there I’ll do it here.
DaveSin, on December 22nd, 2008 at 6:05 pm Said:
nocotec, on December 22nd, 2008 at 5:37 pm Said…………”RedP if you can get so many people to join your prayer bus you have talent dude. You know many churches are just Olint without the FX trading scam. If you leading so many down the path of faith in your Messiah David (did the name fool you up?)… you can start your own shit with or without the building and scam for yourself. “…….
YOU ARE RIGHT, but you are late!!! We had a big the debate about this exact thing on this blog a few months ago (when you were on sabbatical) and I made the same observations and recommendation(s)! CullKull can tell you about it. RedP did not take too kindly to my recommendation about the taking advantages of multiple wives as pastor of his own crew. I did remind him that the returns are much higher than Olint. Instead of 10% a month, its 10 % per week!
————————————————————————————————-
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!! You guys are funny!! I love a good laugh!! Davesin, Noco and Sirach, you guys should be on the Comedy Bus!! You really crack me up. The three stooges have nothing on you!! Thanks for the laugh!
Tell you what, we all creep before we walk and run, if I ever reach the stage to open my own church, would you guys be willing to invest!! hahahahaha
Have a great Christmas guys, you deserve it!!
God Bless you all,
Peace
RedP
RSI said
I think the FBI is more concerned with the biggest ponzi scheme in history ie MADOFF than a upstart DS.
RedP said
Sirach, on December 22nd, 2008 at 3:46 pm Said:
BREAKING NEWS
FBI begins calling individual Olint investors at their homes today.
————————————————————————————————-
Hmmmmm……. Lets see, FBI goin drop everything and start run we down. I wonder if NSA goin use them spy satellites pon we as well?? Hmmmmmmm I guess terrorism is not a top priority anymore. I can just picture all these Feds pursuing us wicked, evil, menace to society Olint Investors!!
Sirach, wow, words fail me this time.
Peace
RedP
All the best for the Christmas Bro Sirach
Live&Letlive said
The Supreme Court on Monday prevented OLINT from withdrawing its lawsuit against NCB.
http://www.radiojamaica.com/content/view/14385/26/
THE NCB WE SO KNOW AND LOVE
Live&Letlive said
Red P
Mind yuh mek mad Sirach mek you to cuss!!!!!
RedP said
SO!!! All you Olint members out there. Have any of you received a call from the FBI yet??
FBI??!! FBI!!??
Come on Sirach!! Give me a break!! Get real!! If the FBI were calling inevestors here in JA news woulda spread like wildfire and you know it!! You know seh no secret keep down here for long.
Come like yuh live a white man country too long to rah!! The cold gawn to yuh head!! LOL
Keep prayin for him guys, God is a miracle working God!!
Peace
RedP
Olint-for-life said
Yes RedP, I just come in and see it on the other blog.
These guys have plenty of time on their hands.
RedP said
O4Life, Bro!! I hear that you are now Wayne Smith!! hahahahahahahahahahahahahahahahahahaha!!!
RedP said
Sirach, on December 21st, 2008 at 11:40 am Said:
Red P…”To post peoples private phone #’s on the investforlife blog is a new low. Your arrogance and self centeredness apparently knows no bounds”
Is true like the likes of you don’t bloodclaut know. That is obvious….stay out of this because you do not know the “lows” David Smith goes to…and his associates…..early on ….read the blogs i had to tell them don’t go a certain places again with them fuckery….and that rule still stands…..even to a fool like you Red P.
————————————–
Sirach my friend, temper temper!!
The above post from our friend Sirach indicates his state of mind, Laughable at best unfortunately. Pray for him ppl, he needs help.
Love and peace
RedP
Keepin the faith said
Ha ha ha Sirach/Sean Belcher dawg nam u supa. LIAD
Madre said
Amen RedP, he has hit way below the belt but that’s how everyone seems to deal with DS and his family. God will protect them, so publish all you want, God is not sleeping.
I hope everyone now understands his bitterness and his confusion on the robot bus. His objective is to confuse and enrage us.
Many of us helped his cause by believing his made-up stories. Stop helping him guys, to do that is to fight against recovering some of our investment.
A question: If you took money from people and told them that you were investing it in Oint, and then the fund was frozen paying noone, wouldn’t you call DS the thief to cover your scam?
Would you do everything in your power to keep the fund frozen just to keep the heat off your butt? Stop believing Sean and his facade. Stop believing his breakfast club interviews with his “Uncle Tony” aka tony Abrahams. Finally I am seeing the other side of the story.
RedP said
Sirach,
To post peoples private phone #’s on the investforlife blog is a new low. Your arrogance and self centeredness apparently knows no bounds. You have claimed that the study of scripture was one of your favourite things but it is evident that you have not understood nor practice what you have studied.
If you really are Sean Belcher and you have a sister whos first initial is “D”, formerly married to a JLP minister’s brother, I’m amazed that you are related to such a nice person.
I’ts a pity that the petulant attitude that you now display was not shown in prep school, for sure Mrs Milner would have given you a buss ass. ( yes I went to St. Andrews too.)
You know supm, I may be one you categorize as a “so called Christian”, but I will pray for you brother, your insides are bitter, your behaviour childish, your demeanour arrogant and your motives selfish. You are steeped in self exaltation. You need help that only God can give.
Go back to studying the scriptures and start practising what it preaches, its much more fulfilling than living in bitterness and angst.
Selah
RedP
Live&Letlive said
Madre
Have you been in touch with DS try and make contact DS wants to hear from guys like you.
You know what we must all remember, Madoff was able to succeed with his SCAM because he had developed a good name in the highest circles on wall street. But poor DS is a real nobody with the whole estalishment on his case. If he pulls off a scam on us he is sharper and madder than madoff. In this investigation in TCI don’t you think the Authorities would have asked DS to show them the money by now!!!!!!. That is how chris walker and belcher comes in handy these guys havei been telling the authorities everywhere to look. and I am happy that they are looking. The whole heap of looking will hold up activities at OANDA but a suh it guh
Keep the faith brother
L&LL
Madre said
I think, if he can pay something, he will. He is not able to see the future, he can only work with whatever circumstances appear. The detractors seem to be making things more and more complicated.
It seems like every time DS tries to do something good, it backfires on him. Now more than ever, I understand why he did not communicate with anyone. Give the man a break. If he utters nothing more until next year I would fully understand.
stimu said
lets hope DS keeps his word and pay up.
Madre said
Correction on my previous post. He was not overpaid, he allegedly took money to be invested, but was not. Well, I think we are getting closer and closer to solving this puzzle.
Rabbit said
O4Life @362 – thanks. I do see that this is now clarified in the Observer
A good night to all
Rabbit
Madre said
If you read David’s later clarification of the Sean Belcher investment, it would be understood that he is one of the investors who were overpaid. Sean does not seem interested in explaining about the alleged overpayment just to test David’s mathematical skills. The plot thickens…….
Sean you are hurting the other investors who collected zilch with your rumours, stop it. If you really care and are religious and uphold truths and rights illustrated in your Buju chantings…STOP IT, PLEASE STOP IT.
Like I always said, keep the faith guys. Right now we need to help by stopping the rumours. People need their investment, it may not be everything as at the statement of May 2008 because if people are overpaid, some dishonest people need to return some money for everyone to be paid everything.
In the meantime, it’s christmas, ignore the negativity and focus on the renewal of faith, the birth of Christ and helping each other to pull through this rough time. Peace and Love
Live&Letlive said
DS said
k YOU ARE RIGHT AND THATS WHAT I WAS DOING BEFORE BUT SEAN BELTCHER TREID TO MAKE IT LOOK LIKE I AM RUNING
WELL I AM FOR THE INTREST OF ALL OLINT INVESTORS
BUT LET ME LEAVE YOU ALL WITH THIS
SEAN BELTCHER INVESTED $XX,XXX.00 IN OLINT
BUT COLLECTED $XX,XXX,XXX.00 IN ENGLAND UNDER THE PRTENSE THAT IT WAS BEING INVESTED IN OLINT
WHEN OLINT BECAME INTERNATIONAL NEWS SEAN WAS ASKED QUESTIONS HE COULD NOT ANSWER HENCE THIS STUPID FASARD TO PRETEND HE IS DOING EVERTHING TO RECOVER MONEY
WHO IS THE TEIF SEAN?
siarch said
Let us look at David Smith mathematical skills. He claim that Sean invested lets say, US$99,999 (maximum)and collected lets say, US$10,000,000 (minimum). Now does that make sense to anyone with a brain or is this DS fuzzy math at work here. Can anyone calculate the rate of return based on these basic numbers. This show the depth of this dumb bell! No wonder he gave away Olint’s investor’s funds under the disguise of “poor” accounting
SIRACH
you neeed DS to go to jail that is the OONLY way you can stay out
CLOWN $XX,XXX even at the GSAT level means TEN THOUSANDS (just confirmed it with my 9 yr old)
and $XX,XXX,XXX.means TEN MILLIONS. do not tell me that your commission was so high.
looser Belcher. Brag out the case with lies and mishcief. WE HAVE SEEN YOU COMING A LONG TIME AGO………………. Jail is waiting for you.
Did you loose the money trading or living big live going to TCI to kiss DS ass etc etc etc
RedP said
To those of you who have been hurt by the Olint saga and you read the investment blogs, be not disturbed by the negativity of some of the posters. Just remember WHO is in control, remain steadfast, be still and know that HE is GOD and that HE has never seen the righteous beg bread. Walk by faith and not by sight my friends.
Some of these posters miss the big picture, caught up in self pity, arrogance and unforgiveness. To them I say life goes on, go get one.
Peace
RedP
Olint-for-life said
Rabbit @358
Observer article – “Olint, NCB reverse roles in court battle over accounts”
I spoke with one of my NCB contacts today about this matter.
I understand that NCB denied the story in part, and clarified it by saying that NCB is not seeking to keep Olint’s bank accounts open, but would rather close it after the Privy Council hearing.
An internal memo was circulated to staff about this and they were told to look out for the clarification in the newspaper soon (tomorrow?).
K said
Flickers – you too rough around the edge…come on man be nice
Hopeful said
Flicker
It does work. As Olint-for-life said in the instructions just remove the quotation marks and stop trying to create problems.
flickers said
I have tried that webb address and doesn’t work. Give us something that work.Please.
Rabbit said
Morning all
O4Life….thanks for encouraging the communication with DS.
BTW – the Observer has the following article –
Olint, NCB reverse roles in court battle over accounts
IN a surprising reversal of roles, the embattled alternative investment outfit Olint Corporation Limited is now seeking the court’s permission to close an account with the National Commercial Bank (NCB), while the bank is fighting for the US currency account to remain open.
See more at
http://www.jamaicaobserver.com/news/html/20081218T220000-0500_143910_OBS_OLINT__NCB_REVERSE_ROLES_IN_COURT_BATTLE_OVER_ACCOUNTS.asp
God Bless
Rabbit
Comment said
I must say Olint for life i verified it and it was really David Smith- I called him last night. how did you arrange for him to come on? You are making moves.
Peace.
Olint-for-life said
I hope that you were able to follow the exchange with David live. Please don’t blame anyone if you did not ask a question, because you were invited to do so.
Olint-for-life said
If anyone wants to ask DAVID SMITH a question, please go over to this blog and ask him yourself.
“http://www.wirelessexpressions.com/olint/”
Remember to remove the quotes before posting in your address bar.
PipUNIT said
You can run DAVID but you can’t hide.
jonothan said
people check why patriotism and being a “good” citizen isn’t practical in jamaica. check number 1.
http://www.jamaica-gleaner.com/gleaner/20081218/lead/lead8.html
pissed off said
FYI
PLEASE READ
Dear Friends of Jamaica:
Let us take this opportunity to wish you a Merry Christmas and a Happy and Prosperous New Year from all of us here at JAMLINK. May the spirit of goodwill that comes alive during this season remain with us long after the season is over!
A sobering reminder while we make merry is that we have much work to do on our beloved island, but in whatever locale the season may find you, comfort those around you who may silently suffer; extend your giving to those really in need of hope. Many feel acute loneliness especially at this time of year, so let us bring good cheer to the homes and continue to make glad the hearts of as many as we can.
As the island’s runaway crime seeks to gallop past the figures from last year, JAMLINK has been receiving queries from Jamaicans within and without the island’s borders, regarding information that may be of benefit to the law enforcement officials in Jamaica. I believe the major hindrance to passing on the information has been concerns about confidentiality. In this regard, Asst. Commissioner of Police Justin Felice has kindly assured JAMLINK of the following:
* On the 18 January 2009, he will be launching a new telephone number, 1 800 CORRUPT which will ensure that all information passed from members of the public will be acted upon, while the source of the information will remain totally secure. The telephone calls will be answered in a secure location off the island, and then the information will be passed to his vetted staff. Don’t forget this number is not live until 18.01.09.
* You may also contact ACP Felice directly at his office at 1-876 926 9596 or by e-mail at: justin.felice@jcf.gov.jm. He has further assured me that all correspondence will be treated with strictest of confidence and ensured that all contacts would remain anonymous.
You may also use the Citizen Reports component at Jamlink.com to post any information you believe to be helpful in reducing lawlessness and criminal activity throughout Jamaica. Your postings will be passed directly to the Assistant Commissioner.
Let us help keep hope alive for Jamaica, land we love, as we anticipate the progress to come in 2009.
–
Submitted by Jamlink – “because Jamaica matters”
http://www.jamlink.comTel:
305-218-2878
Live&Letlive said
hi guys
what is all the excitment about now. When mr Smith said in nine months we will get our money we did not say anything now that some months have passed and the well regulated first world American financial system is tearing down around us everybody WANTS JUSTICE from the jamaican Government. Mr madoff paid over a $billion in taxes to UNCLE SAM how much have you paid to BRUCE from your OLINT/Lewfam proceeds???????
WIDE SPREAD EXPOSURE nobody will remember DS name in the morning. …..HA HA HA. Who in the international world is going to give back the money. Frankly who cares.
Are you crying for mr madoff victims.
I get it you should have rested in your bed and DS should trade and make you rich.
Get up off your ass and go to the TCI like the rest of us and find out what is going on. take responsibility for your choices and your money
The people with the guts to do somthing have enough reason to chill and wait. that is why nothing is hapening
I think you should have invested your money in the USA (probably with Mr Madoff) and now you will be glad to see him stock in his Apt becuase uncle Sam will sort it out for you.
DS have picney wife & mother.In Jamaica we have a simple justice. IN OUR SYSTEM tief rob and kill you or you kill him. How many investors can DS KILL. WHERE CAN HE HIDE. DS knows that he will not get off light like Mr Madoff in the GREAT USA……..
Just chill give the man rope……….
Even if the charges are dropped in January do not look for any money before March. That is assuming we will be getting any at all
time longer than rope…………….
L&LL
L&LL
hd said
Pipunit, I like your attitude.
Part of the problem is that in the Jamaican media circles they consider the victims the ones to blame. In other countries it does not matter if the victim is to be blamed or not a crook is a friggin crook and he must be exposed, put to shame and locked up behind bars. I take responsibility for my share of naivety and greed. I learn my lesson I accept it and I move on. However, a crook is a damn crook no matter how much he goes to Church.
K said
PipUnit,
Here’s my take on Mr. Smith, Major Lewis and others.
There is one thing I admire about the USA justice system and though it is by no means perfect, one can see accountability and imposed penalties.
Madoff will see his day in court and it is being reported in the media and will be followed up.
He cannot slip under the radar by any means. This is a lot of money by USA standards.
By Jamaica and the Caribbean standards the Olint saga is major. What is disheartening is the lack of continued coverage and the appearance of no justice being served.
I have been on the sideline assimilating information while trying to believe DS innocence the hope he will make good.
The new date being bantered about is Jan 9th.
Here’s my take, it’s the belief that DS can get off scotch free and I don’t know how such a statement can even be uttered when the possibility of massive fraud looms.
I am not a violent person by any means but I do believe in due process.
If it means calling up each and every major network tirelessly (USA, JA and Caribbean) demanding for exposure to this that’s what I will do.
Not because we are a developing nation means our crimes should do unnoticed and the perpetrators think it’s OK and just dust their hands clean.
It’s time we start thinking about real alternatives, measures and widespread exposure should this run around continue from all parties involved.
This nonsense needs to come to an end and I believe giving it some international attention (if we can) is certainly one easy way to start.
His last letter to us was nothing but hogwash.
Live&Letlive said
Warren Buffett: People Thought “I Was Doing Some Sort of Ponzi Scheme”
Bernard Madoff | Warren Buffett
Companies:Berkshire Hathaway Inc.
“There were people in Omaha who thought what I was doing was some sort of Ponzi scheme.”
That’s Warren Buffett talking about his early days as a money manager in the late 1950s, before Berkshire Hathaway, as quoted by Alice Schroeder in her recent Buffett biography The Snowball. (Page 221)
It wasn’t an unreasonable thought.
Buffett was less than 30 years old, and looked even younger than he actually was. One of his early investors recalls that he looked like he was 18. “His collar was open; his coat was too big. He talked so very fast.”
And, writes Schroeder, this young, brash, “immature” man who no one knew very well was dictating “ground rules” for entry into one of his investing partnerships.
Buffett “wanted absolute control over the money and would tell his partners nothing about how it was invested… His solution to the problem of people being disappointed was that he wasn’t going to give them the score after every hole, only once a year after playing eighteen holes. They would get an annual summary of his performance, and they could put money in or withdraw it only on December 31.”
The performance of those partnerships, as reported by Buffett alone from his home office where he handled all the details himself, was consistently better than the stock market’s returns.
Now, roughly 50 years later, we’re hearing how there were many “warning flags” in the Bernard Madoff investment fraud, which may total as much as $50 billion. The returns were too consistent. Madoff was too secretive, working on a separate floor from the rest of the firm’s operations. Some investors, they’re now proud to say, stayed away because it just seemed too good to be true.
Life involves taking risks. The tricky part is deciding which risks are worth taking. You can think, and weigh, and investigate, but there’s no certainty.
Warren Buffett created billions of dollars of wealth. Bernard Madoff, if his reported admissions prove to be true, has destroyed billions of dollars of wealth.
To their investors, both Buffett and Madoff appeared to be honest and trustworthy. In reality, only Buffett deserved that trust.
And that raises a question that’s been knocked around by philosophers and playwrights for a very long time: Can we really know what’s reality and what’s illusion?
Ultimately, it’s a matter of faith.
A DAT MI SEH TO
L&LL
InDeRiver said
“Many of Madoff’s victims never had an account with his firm. Instead, Madoff got much of the money he allegedly stole through so-called feeder funds.” I resemble that statement
RSI said
NEW YORK – A prominent Manhattan law firm scandalized by charges that its founder masterminded a massive fraud will seek bankruptcy protection, according to a receiver appointed to run the firm.
In a letter to a federal judge, the receiver also predicted founder Marc Dreier will soon seek protection too.
The Securities and Exchange Commission has been notified “of my intention to seek bankruptcy protection, and I believe Mr. Dreier will file a personal petition for bankruptcy in the future,” the receiver, Mark Pomerantz, said in the letter dated Dec. 11.
The mid-size firm, Dreier LLP, has represented celebrities including retired football star Michael Strahan and former News Corp. publishing executive Judith Regan.
Dreier’s lawyer has said his client would cooperate fully with the court-appointed receiver overseeing his assets.
The 58-year-old defendant was jailed without bail last week after being charged in a criminal complaint and by the SEC in the alleged sale of fraudulent promissory notes.
Prosecutors accused Dreier of posing as if he were peddling heavily discounted investments in a New York City real estate development company because original investors, damaged by the world’s financial crisis, were backing out.
The SEC said Dreier created an elaborate charade to convince three hedge funds that the investments were real. One hedge fund sent $13.5 million to Dreier while another wired $100 million, authorities said
Prosecutors have estimated total loses could top $380 million.
The defendant also is charged in Toronto with impersonation in connection with the attempted sale of $45 million of notes to a hedge fund.
Patricia said
How I Got Screwed by Bernie Madoff, a well written piece by Robert Chew.
http://www.time.com/time/business/article/0,8599,1866398,00.html?imw=Y&loomia_si=t0:a16:g2:r1:c0.152044:b20252917&xid=Loomia
Patricia said
Madoff Victims Look for Ways to Recover Their Money ….interesting article
http://www.time.com/time/business/article/0,8599,1866689,00.html
…yes JSM, the great transfer of wealth continues
JSM said
Hey Pat: Things are Great. This is very exciting Time that we are going through now.
What i find intersting is that the Media is saying that Money is being “Lost”. Even in the Madoff situation was money “Lost” or did the Monies simply transfer hands? Money does not disappear into Thin Air. There are a lot of People making money on the Volatility on Wall Street at the moment.
I was speaking with Patty Page the Friday that Citi went to $3.58. She said her sister was going to buy. I did not buy th Friday and on Sat. night they got their “package”. On the Monday following the Firday tthe stock “gapped” meaning you could not buy at the closing price. It pulled back some from the opening. I bought a day later. Even though it did not go directly to $10 plus as I thought it would but making a 67% gain is great in one year much less a month.
My point is there are so many Stocks that if a person is “Liquid” they can be making money on right now.
I listed four stocks yesterday. I propose this to anyone who want s to do it, paper trade” these stocks with $10,000.00 and see where you would be in a month.
There are a lot of guys on Wall Street that ’shorted’ the Market from Last year. I wish I was one.
I was not in a bad position because I was out of the US Market since 2001. Just got back in in October.
So yes Pat, Money is being made, albeit, not like what we would have made compounding in Olint. But if you have a dollar and you can double it in a year you have found a Mustard Seed.
Talk with you more later.
PipUNIT said
Does anyone have any phone numbers for Lewfam other the the website one’s? Most of these are out of St Lucia. Are there phone numbers for jamaican offices or the lewis’s family themselves?
RedP said
Hey Comment!! You gotta try downhill skiing, its an awesome sport!! Just watch out for the trees, them kinda tough!!
Yow PAT!!!!! How you?? Given the new frugality we are experiencing, I am currently marketing bottled beach sand and seawater with a lickle sunshine thrown in to make ends meet!! Interested????
Love and peace
Patricia said
Hi Comment..I’m good..rollin’ with the punches as usual.
Bundle up ..it’s a COLD one..keep warm and enjoy your visit
Comment said
Patricia How are you
. Hope all is going well with you. How is the Weather in CAN? I will be visiting family there for christmas.
peace
Patricia said
JSM…Hey Mr. Man
…good to see you!!! as always thanks for your input…now if I could only find Yardman on WallStreet…
Happy Holidays!!
Patricia said
JSM…Hey Mr. Man
…good to see you!!! as always thanks for your input…now if I could only find Yardman on WallStreet…
Happy Holidays!!
RedP said
I hope sir simmit never put we money wid missah mad-man-off!! What a hattaclapse that would be!!!
Live&Letlive said
Hey Guys What is this all about
http://www.wirelessexpressions.com/olint/
Bwoy I tell you this blog business certainly adds some excitment to the midnight coffee break on this wicked night shift.
live&letlive said
322 JSM
Better will have to come. Luv the positive vibes.
I would love to get intouch with DS and tell him that if he was running a ponzi scheme he would save himself a lot of trouble and just jump out of the closet behind the MADoff brother. I have sent a message to Major DS
jahbilly said
332 JSM
Yes, we must remember ‘better must come’. I like the divy stocks myself. Hang in there and thanks for the kind words.
JSM said
@329
Jah Billy that is what we all have to do, we all have to keep on trying.
In Life sometimes we will fall down. The Key is not to stay Down.
I am aware that many people took a Hit with the Clubs and I do hope that everyone will recover to see better days.
I think all that has happened with the various types of Fallouts people are going back to more “traditional” ways of investing.
I believe if you are “positioned” right one can make very good profits in this Market.
PipUNIT said
I hear you “K”.. They should be glad that a ocean seperates me from them. Because i would be down there every day kickin the doors in trying to find answers. But i’m sure i can count on the locals in Jamaica to show up on Jan 9th and if he’s con’d us all give him about a 20 second head start and let “THE PEOPLE” bring the judgement lol. The only safe place for DS and the Major will the ARTIC if this this turns out to be a ponzi scheme. I really pray it’s not. Cause i need the money.
K said
PipUNIT..if they turn out to be real conmen after Jan 9th when the next trimester of this pregnancy unfolds I hope there is a God because they deserve something worse than what man can bestow.
jahbilly said
325 Jsm
Take a look at anw, (pld and mac) if you like the divy’s while you are researching. Still trying a thing.
PipUNIT said
The “MAJOR” and DS are all bullshitters. Lewfam is now gone for the next month and if you try to call all it does is ring and ring, no voicemail even. What a great time to take off. I’m glad they can enjoy a month off while the rest of can pay bills or buy anything for xmas. They both deserve to spend the rest of their lives in prison.
LionHeart said
Interesting Perspective for investors everywhere:
http://www.businessweek.com/bwdaily/dnflash/content/dec2008/db20081214_802212.htm?campaign_id=rss_daily
Opportunity said
Thanks JSM. Yes there are still investors out there.
JSM said
I am not sure who is still “Investing” or who is trading. If you are there are four stocks to look at TBSI, DRYS, AVAV, and MOS.
As always this is not a SOLICITATION to buy or Sell. Just passing info along.
Merry Christmas and a Very Happy New Year.
Patricia said
Well alrighty then….
The reduction in Transfer Tax and GCT threshold long overdue,anyway let’s see how this will impact the budget….
http://www.jamaica-gleaner.com/gleaner/20081215/lead/lead1.html
RSI said
“There were a lot of very sophisticated people who were duped, and that happens a great deal when you’ve had somebody decide to be unscrupulous,” said Harvey Pitt, a former chairman of the Securities and Exchange Commission, a regulator in charge of monitoring investment funds like the one Madoff operated.
live&letlive said
Jonothan
most of the investors were Jews luckily they do not celebrate christmas
LOL ha ha
L&LL
live&letlive said
The Madoff Story has the most hopefull and devout of OLINT supporters in a state of serious worry.
HELL DS WILL NOT EVEN MAKE THE INTERNATIONAL NEWS. THIS GUY MADOFF HAS REDUCED HIM TO CHILD’S PLAY
Most want to hear from the Auditors DS has been talking about since August. I wonder if The Lord TG has any word on them.
IN 2008 everything has been SUPERSIZED
L&LL
jonothan said
wow,what a christmas gift. seems jamaica got theirs early.
Keepin the faith said
List of potential victims grows in NY fraud case
– 2 hrs 49 mins ago AP – Attorneys Stephen Weiss, left, of Seeger Weiss LLP and Brad Friedman of Milberg LLP each representing …
NEW YORK – Investors who put their fortunes in the hands of arrested New York money manager Bernard Madoff are waiting to hear how much of their stake is left.
The roster of potential victims in what prosecutors said was a $50 billion Ponzi scheme has grown exponentially longer in the past few days.
Madoff, 70, said in regulatory filings that he only had around 25 clients, but it has become apparent that the list of people who lost money may number in the hundreds or even thousands.
Among those who have acknowledged potential losses so far: Former Philadelphia Eagles owner Norman Braman, New York Mets owner Fred Wilpon and J. Ezra Merkin, the chairman of GMAC Financial Services.
A charity in Massachusetts that supports Jewish programs, the Robert I. Lappin Charitable Foundation, said it had invested its entire $8 million endowment with Madoff. The organization’s executive director said she doesn’t expect it to survive.
Other institutions that believed they had lost millions included The North Shore-Long Island Jewish Health System and the Texas-based Julian J. Levitt Foundation.
Hedge funds and other investment groups looked like big losers too. The Fairfield Greenwich Group said it had some $7.5 billion in investments linked to Madoff. A private Swiss bank, Banque Benedict Hentsch Fairfield Partners SA, said it had $47.5 million worth of client assets at risk.
The losses may have extended far beyond the coffers of the wealthy and powerful.
The town of Fairfield, Conn., said it placed nearly 15 percent of its retiree pension fund with Madoff. Officials were scrambling to determine how much of the $42 million remained.
Harry Susman, an attorney in Houston, said he represents a group of clients who had unknowingly become entangled in the scandal by investing in a hedge fund managed by Merkin, which then put almost all of its $1.8 billion in capital in Madoff’s hands.
“They had no idea they had exposure,” Susman said. He said his clients were now dumbfounded as to how the fund came to invest all of its holdings with just one man, especially since concerns had been circulating for years about Madoff’s operations.
For decades, Madoff had dual reputations among investors. Many wealthy New Yorkers and Floridians considered him a reliable investment whiz. Others, more skeptical, had questioned whether his returns were real, pointing to the firm’s secrecy and lack of a big-name auditor.
But when he met privately with a family member at his firm earlier this month, something clearly was amiss.
First, federal authorities say the 70-year-old Madoff surprised the unidentified family member by saying he wanted to pass out hefty annual bonuses two months earlier than usual, court papers said. Then, when challenged on the idea, he said he “wasn’t sure he would be able to hold it together” if they continued the discussion at the office, and invited him to his apartment.
It was the beginning of a stunning meltdown for the former Nasdaq stock market chairman.
Madoff himself described his investment business as an unsophisticated “Ponzi scheme,” according to investigators who interviewed him.
Perhaps more startling than the loss was that it apparently caught regulators and investigators off guard, only coming to light last week when Madoff’s own family turned him in.
The core of the scheme — taking investments from one client to pay returns to another — “has been around since the beginning of time,” said Marc Powers, a former Securities and Exchange Commission enforcement chief and head of the securities practice at Baker Hostetler.
The firm somehow pulled off the fraud despite being subject to examination by the SEC, Powers added. “You wonder how these things escaped the normally careful review of these regulatory organizations.”
The latest dose of bad news in the world of finance has left Madoff’s clients “panicked,” said Stephen A. Weiss, a lawyer for several dozen investors. “These people are sorrowful. These people are angry. And many are now destitute.”
The wave of ill will — fuel for inevitable lawsuits — was aimed at a man who had cultivated an image as a straight-shooter with a personal touch.
The day after his arrest, his company’s Web site still boasted that “in an era of faceless organizations … Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner’s name is on the door.”
It went on to say “Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark.”
Madoff’s resume was the stuff of Wall Street legend: He founded his company in 1960 with $5,000 he earned in part working as a lifeguard on Long Island beaches while putting himself through Hofstra University Law School. It eventually became one of five broker-dealers that spearheaded the formation of the Nasdaq Stock Market, where he served as a member of the board of governors in the 1980s and as chairman of the board of directors in the early ’90s.
By 2001, Madoff’s firm was one of the three top market makers in Nasdaq stocks and the third-largest firm matching buyers and sellers of securities on the New York Stock Exchange, according to Baron’s.
Investigators say Madoff’s crime originated in a separate and secretive investment-advising business.
Madoff apparently kept the loss a secret even from his two sons and other family members who work at the firm until he and two of them retreated to his apartment occupying the entire 12th floor of an Upper East Side building on Dec. 9, according the complaint drawn up by an arresting FBI agent.
“It’s all just one big lie,” he told his family. He confided he had blown the money in what was “basically, a giant Ponzi scheme,” the complaint added.
Several attorneys representing investors, however, have questioned how he could have acted alone, given the size of the alleged fraud and vast holdings of his firm.
According to the court complaint, Madoff told his family he expected to end up behind bars, but wanted to execute his own version of a bailout package by doling out $200 to $300 million he had left to family, friends and employees. After the meeting, a lawyer for the family contacted regulators, who alerted the federal prosecutors and the FBI.
Madoff was in a bathrobe when two FBI agents arrived at his door unannounced at 8:30 a.m. on Dec. 11. He invited them in, then confessed after being asked “if there’s an innocent explanation,” the complaint said.
Responded Madoff: “There is no innocent explanation.”
JSM said
Good Day I am sure some of you have read the story. For those who have not this goes to show there are some cruel and deceitful people out there.
http://www.cnbc.com/id/28212100
I sincerely hope that everyone will have a Most Blessed Holiday Season.
Robert aka (JSM)
K said
Live&LetLive,
Unless FxThief or his company can show any real profit from trading and not just selling courses I am going to call him a sham.
The latest Ponzi Scheme on Wall Street is the $50Billion loss
The ex-Nasdaq chief Madoff arrested on fraud charges.
See the latest here http://www.msnbc.msn.com/id/28204628/
Sounds all too close to Olint.
Here is a guy well respected for years but his outfit was always suspected by analysts.
He employed the same hide tactics we saw DS using.
I am really hoping DS can pay us back because if not there is no place on this earth he can go and hide. So if he’s planning to run off he better think twice.
If he’s dragging out this with court cases and what not, playing on customers hopes it is plain wrong.
FxThief why is he so unwilling to show is greatness? I have been asking myself that for a while now. DO these people think if people know they are making money others will turn against them, beg them for money, or harm their source of income? All bullshit reasons to me….THe only reason that makes sense is that FxThief not really making what he is stating from trading.
THis last year has shown us that not all that glitters is gold. Foolish I was for being caught up in this mess. TO that end, I still want back my money at least my principal. Madoff going to jail no doubt. That’s the USA system, most often go to jail. If DS and others are found to be lacking they must go to jail too. Hiding behind his lawyers and excuses not cutting it for us. If he’s truly a man of God then his behavior /actions are certainly not.
Mi dun talk yah man.
Live&Letlive said
The FxThief head office and 24 7 staff is not in Jamaica but they are still conducting courses to fullhouse capacity in Jamaica. They had one as recent as yesterday in New Kingston. They claim that more people train in Jamaica but a higher percentage of who train in Trinidad actually trades. I have no way of proofing or disproofingor that
L&LL
Sirach said
“We are reliably told that the Premier traveled to France to, among other things, meet with Butch Stewart of Beaches fame. When one can no longer travel to the United States for fear of being arrested, one has to find other locations where to meet associates.”
http://www.tcijournal.com/index.php?idsub=703&id=8
K said
FxThief and his cronies got off scotch free.
You have to wonder if someone was or is pulling strings like a puppeteer. With all those scathing allegations, nothing has come of it.
I have also heard MTI has pulled out of Jamaica. From what I heard Trinidad is now where they are operating from.
All I can tell fellow Trinidadians is beware of the FxThief.
If FxThief so believe in what he is doing and marketing why did he just pull up and go after a little business rough patch?
hd said
Bernard Madoff, the former Nasdaq chairman who was charged on Thursday with a massive fraud, was long known as quirky. Employees at the offices of his eponymously named brokerage firm in midtown Manhattan’s Lipstick Building had to follow strict rules for what they kept on their desk. Family photos were allowed but only if they were displayed in a nearly identical simple black frame.
Now it looks like Madoff, who went by Bernie, may have also been a crook, and quite possibly one of the largest Wall Street has even seen. According to the U.S. Attorney’s office in the southern district of New York, Madoff admitted to defrauding clients of up to $50 billion in a massive ponzi scheme, committed over a number of years. (See the top 10 scandals of 2008.)
http://www.time.com/time/business/article/0,8599,1866154,00.html?iid=tsmodule
hd said
Dec. 11 (Bloomberg) — Marc Dreier, the founder of the New York law firm Dreier LLP who is charged with cheating hedge funds out of more than $100 million, is “cooperating” with the temporary receiver who’s running the business, his lawyer said.
Dreier is in jail on criminal charges that he cheated the funds. A bail hearing is scheduled for today in federal court in Manhattan. Dreier’s lawyer, Gerald Shargel, said yesterday in an interview that his client has begun working with Mark Pomerantz, who’s been appointed temporary receiver of Dreier LLP.
“I will tell the court that Mr. Dreier is cooperating with Mr. Pomerantz to help identify and gain control of the assets,” Shargel said.
Prosecutors said Dreier, 58, a graduate of Harvard Law School and Yale College, convinced two unidentified hedge funds to give him more than $100 million by claiming, falsely, that he was selling at a discount notes issued by New York developer Sheldon Solow. Dreier hasn’t responded to the charges.
Pomerantz, a partner with the New York law firm Paul, Weiss, Rifkind, Wharton & Garrison, didn’t immediately return a call seeking comment.
In a related civil case brought by the U.S. Securities and Exchange Commission, lawyers at Dreier LLP say the firm is in disarray.
http://www.bloomberg.com/apps/news?pid=20601082&sid=at.zE1En_oac&refer=canada
hd said
Bernard Madoff, the former Nasdaq chairman who was charged on Thursday with a massive fraud, was long known as quirky. Employees at the offices of his eponymously named brokerage firm in midtown Manhattan’s Lipstick Building had to follow strict rules for what they kept on their desk. Family photos were allowed but only if they were displayed in a nearly identical simple black frame.
Now it looks like Madoff, who went by Bernie, may have also been a crook, and quite possibly one of the largest Wall Street has even seen. According to the U.S. Attorney’s office in the southern district of New York, Madoff admitted to defrauding clients of up to $50 billion in a massive ponzi scheme, committed over a number of years. (See the top 10 scandals of 2008.)
http://www.time.com/time/business/article/0,8599,1866154,00.html?iid=tsmodule
Live&Letlive said
from NTA website
“Penalty/Event Summary
No penalties have been selected for this case
.
This is what I saw in the I Trade Fx case with the NTA. The information centre at the NTA says tht the case is now closed. Does anyone have anymore information?.
L&LL
pissed off said
307..I have been trying too, I wonder whats going on? do you know of anyone who was actually able to cash their check.
freedom said
what up with ww
Sharonette said
304….I can’t get on that site from last week
jonothan said
i am not talking about what people hope or wish for now, just practicallity. based on the current world financial situation and no surety that DS will get his stuff back (some of) is it on the cards for him to make good on his 9 month promise? or is it 9 months from january 9th?
PipUNIT said
Like most i was deceived into trusting people. My friend was close friends with the Major and i trusted him. Probably shouldn’t have done that. But NO LIVE&LETLIVE i didn’t set out to give my money to a bunch of thieves, it just developed into this mess that we’re all in now. So thanks for the sarcasim.
pissed off said
Has anyone been able to get on Higgins warner website?
Overchill said
Why do my posts always have to be awaiting moderation???
Like unnu dont know me already…
Overchill said
Sounds a lot like those google translate jobbies.
You can have a lot of fun with them if you have the time, check this out.
http://www.scambuster419.co.uk/
Live&Letlive said
Fi m ketch wi dem havi good like DS LOL
RedP said
Hey folks!! Hope all is well!!
The following is a spam mail sent to me, could this be the type of “so-called Christian” that Sirach speaks of?? Beware Children of God, there definitely are wolves in sheeps clothing!!
Peace
RedP
Donation From Sister Mrs.Caroline Duncan
Very expensive Greetings
From the Almighty Elohim.
I’am Mrs.Caroline Duncan. of Congolese origin, I married with Mr.KUMAR GARY DUNCAN of INDIAN origin which worked with HCR(haut commissariat of the refugees )in dimension of ivory coast during nine years before he dead in 2004. We were married during eleven years without any child before his death. He died after a short sickness which lasted only four days. Before his death we were both of enthusiasts Christian.
My late husband, deposited the sum of $11.2 Million American (Eleven million Two hundred and thousand Dollars American) in a Bank in Abidjan here in cote d’ ivory. T he Bank also have their branch office in European which I will forward to you as i will like you to visit their office over thereto a certain the whole truth Concerning the deposit of the consignment trunk with the Bank firm. Recently, my doctor informed me that I would suffer from a serious disease: called cancer.
The evil which disturbs me more is hypertension. After having known my state I decided to give these funds to a CHURCH or a person who will use this money such as I would inform it. I thus seek a CHURCH or a person of confidence which will put these funds at the services of the orphanages, widows, thus propagating the word of God and to make so that the work of GOD is maintained. The BIBLE declares that the hand is blessed which gives. I made this decision because I do not have anybody who will take care l of this money over here than to donate it to the orphan, I am at your disposal.
My husband were Indian and I never had the occasion to also know his parents. Me I do not have any close relations only some cousins lonitaine in whom I do not have any confidence reason for which I make this decision. I do not fear death consequently I know that I will join the father Celeste. I know that I will be in the kingdom of God Un verse of the BIBLE says this:” God will defend my cause and I will remain in his peace”.
As soon as I receive your answer I would send to you the contact of the Bank here in Abidjan. I will also join a letter of authority which will prove to you that I benefit current of this fund. I want that you and your family always requests for me so that GOD is always my hope. My happiness is that I lived a life of worthy Christian.why I serve GOD must serve it in the spirit and the truth. Please remain inthe prayer all your life. To contact me with the address e-mail and you can as well contact my Lawyer by Email Address koffiadams@list.ru his name is Barrister Koffi Adams ,please I reassure that you will act as consequence as I evoked Ci-high. While expect receiving your answer May GOD bless you.
Currently, I reside in a residence in an Hospital called Ekogenhospitalhomestead here is the EmailAddress of the Hospital,in Abidjan in cote d ivory.
Yours sister,
From Sister Mrs.Caroline Duncan.
Email Me: duncancaroline@bk.ru
DEM MUSSI REALLY TEK PEOPLE FI PREKEH!!!!!!!!!!!
Sirach said
http://www.sunheraldja.com/article/show/1917
Olintworldwiseindpast said
Do not get stuck in the past… move on…. take the few shillingyou have left and invest it in the stock market. nuff nuff nuff bargains to be had. give it 5 years and you forget bout David Smith and all his christian croonies. 10,000 shares of Fannie Mae @ 33 cents,! It has been up tp $2.00 and back down. so many bargains to be had. this is the time to become a legitimate millionnaire (about 5 yrs time) there will never be so much bargains in our life time. As warren buffet says, jump in when everyone else running, and jump out when eveyone is jumping on the band waggon. Forget about David and build back your portfolio in dirt cheap stocks of companies who has a lot of money, but just down because of the general economic conditions
RSI said
For Immediate Release
For More Information Contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org
National Futures Association issues Investor Alert to help individuals protect themselves from affinity fraud
December 8, Chicago – National Futures Association (NFA) has issued an Investor Alert to help individuals avoid becoming victims of fraudulent investment offers targeted to specific ethnic communities, religious organizations and social clubs. This particular type of fraud, called affinity fraud, is becoming more prevalent as individuals become more fearful of the volatile stock market and look for more “safe” investments.
“Recently, NFA has seen a rise in affinity fraud, especially within immigrant communities,” says Karen Wuertz, NFA’s senior vice-president of strategic planning and communications. “These communities are particularly vulnerable to con artists who speak their native language and know their social customs.”
In many cases, affinity fraud is conducted as a classic Ponzi scheme. The fraudster pays out high dividends to early investors using funds received from customers who sign up later in the process. Flush with success, these early investors then promote the investment offer to their friends and family, allowing the con artist to continue his scheme right up until the moment he skips town.
Live&Letlive said
Sirach
Why don’t you question what you are doing to help people get back their money? Or is that not what you want?
You have already said no money nuh deh so what are you trying to help people to get back?????
Stay in your realm of Jamaican class structure…for if that is the limit of your range it is best you stay there at this stage. The people you claim to know do not live in that zone. Never have and never will.
Speaking of realm of Jamaican class structure.
Sean The next time you are on the Breakfast club do not bother with the uptown successfull business man speaky spoky . The listening public has come to associate it with self service and flesh eating behaviour.
Sirach said
Anyway…happy holidays to all.
Sirach said
I once had the priveledge of doing some research involving the Alexander Livingston and Aron Matalon collections on Jamaica. If your interested there is a book in said collection called “The landed Gentry of Jamaica” If any of you can find your names in there I would be pleasantly surprised. Honest. Not even the previous owners of the collections names are listed. We talking the real thing…..not the figment thing.
Sirach said
By the way live and let live….Let go your class insecurity. Pervasive a blot on our society as it is it does not need reinforcement….especially form those who know not the true causes behing its origins. It can not help Jamaicans in any way shape or form love.
Sirach said
Liveandletlive
Sirach has some advice for you and your brother (and anyone else who is interested). i truly believe that the best thing you could do if Belcher(or anyone else for that matter) has accepted your money then you should sue him for all the money plus damages and other assorted restitition immediately without heswitation. He has a lot of money and will probably opt for a quick settlement deal. Being a member of the coveted middle class of Jamaica as you protray him to be he will also be worried about his name being dragged through that that so verily self important uptown cicuit….how worldly they are.
In addition a case against Belcher might allow you to request in court the Hallmark master list that he claims to posses….and that would be worth a fortune to the upper crust and landed gentry in Jamaica in particular.
Do not hesitate sue these uncouth bastards who know no intricacies of the Ghetto neither the company of European aristocracy…..uppity middle class bastards! We are the top…show them!
Sirach said
“My Question is this if Sirach knew so much about DS including his “gambling” and the fact that DS was a tief and a Liar why did he collect people’s money and give it to DS.”
Why don’t you question what you are doing to help people get back their money? Or is that not what you want?
“I knew DS was riding for a fall” Yes and you made it known for the benifit of the people way way back didn’t you? How thoughtful you are of others who have lost. Belcher and Bovell certainly did not try to help people by warning them….yeah right. Bovell, Belcher, Walker, Wildish and so many others did nothing to forewarn anybody….so you listened to the BS of your master grovelling and salivating for discards of information from his table of plenty like a slave……..and everything he has said has come true….don’t it?
Stay in your realm of Jamaican class structure…for if that is the limit of your range it is best you stay there at this stage. The people you claim to know do not live in that zone. Never have and never will.
Touch a nerve I suppose. If you have done nothing wrong then there is nothing to worry about……just ask the FBI.
Sirach said
Rejected from Jamaican middle class. The finest compliment there could ever be to anyone….(in my opinion) its not as much of a desirable prize as you think. Hot under the collar….with the ignorance to match. Hold on to your bonnet.
Live&Letlive said
My Question is this if Sirach knew so much about DS including his “gambling” and the fact that DS was a tief and a Liar why did he collect people’s money and give it to DS. I told my brother not to have anything to do with that looser Sean Belcher but no Man People in Miami knows him well and he really understands the Foex trading business. ha ha ha
I did not say another word to him at 45yrs old he should have been able to read the big word LOOSER on the SB’s forehead
I knew DS was riding for a fall when he started to spar with jamaican middle class rejects and never was eg Belcher and Bovel Anything these guys get near to turns to RUST. We will be luky to get ANYTHING out of DS. I really hope DS took away himself from his many SCUM BAG, gambling (and all the other things SIRACH has been claiming they did together) “friends” before it was too late
L&LL
netprocure said
Olint-for-life @ 286 …. “in a situation where we all are ignorant of the real happenings”.
There are three constants on this blog. (1) Sirach is “Sirach”, I do not understand his/her motives, (appears to be bright but a bit complex). 2.Olint-For-Life is “OFL” and 3. Olint-For-Life/OFL is an individual that has more faith in the intangible than any one I have ever come across. The situation is that most people are not ignorant of the real happening. If you say most people are ignorant of how DS decimated all that cash entrusted, that’s OK. However, if you say most people are ignorant of the outcome of this debacle you are wrong. I believe rationally thinking individuals have come to the conclusion that something is amiss, after getting all the hard-luck story for so long. Maybe next week OFL will make a post that DS is being affected by the auto industry bail-out in the states. Naivete is bliss.
Sirach said
All ignorant?
Olint-for-life said
netprocure @284
Take it easy nuh man.
No need for name calling in a situation where we all are ignorant of the real happenings.
So don’t come here riding the wave of speculations as if you “know” the true situation that exists.
Peace
Live&Letlive said
Guys have you read Dr Walker’s “evidence” on the other bus? it is a Scream!!!!
netprocure said
273:Olint-for-life Says: Hedge Funds in the US has ceased paying
274: Comment Says: Olint problems started way before
“Comment” is thinking rationally, while the other, “Olint-For-Life”, appears so naive that I fail to believe that one could be so “FOOL-FOOL” as that.
Olint-for-life said
Apparently someone sent “Olint’s private email to members” to the TCI Sun newspaper.
My opinion is that their intention is to either appeal to the TCI authority to expedite the release of funds, or they just want to highlight the demise of Olint’s clients for its sake only.
But then again, the email was posted on these notorious blogs so the paper could have gotten it from that source. I stand corrected, but isn’t that how CVM TV get their news item on Olint?
You decide.
“http://www.suntci.com/intervention.asp”
David Smith calls for divine intervention
Embattled Olint Corporation boss, David Smith, has reportedly emailed an apology to his clients, telling them that he was sorry for not updating them on the assets freeze in the TCI, while imploring them to hold strain, since God would see his company through. Saying that the current situation with his companies required a time for reflection, Smith noted that the freezing of his assets could very well mean that God wanted to impart something to him and his clients, so as to point them in the right direction. “Remember, all things are possible through Christ Jesus, and I sincerely believe with all my heart that with the Lords’ help, all will be resolved. I also believe that this is a time of reflection for us all, and that we should listen to see what it is the Lord is trying to tell each of us as we endure this situation.
In a letter, parts of which were printed in the Jamaica Observer and posted on the internet, Smith noted that the lack of communication between himself and his clients had to do with the money laundering investigations taking place against him here.
“Let me start by sincerely apologizing to each one of you for the absolute lack of communication on my part with you, the members of the club. This has definitely not been my desire but due to the money laundering allegations in the Turks and Caicos Islands directed at me, Olint TCI and TCI FX Traders, it has been impossible for me to communicate with you.
“I want you all to know that I am aware of the extreme hardship that every single Olint club member is experiencing due to the position the club is in at the moment. I am aware and deeply sadden by this for as most of you are aware my intentions have always been good and about creating a better standard of life for all involved directly in Olint along with Jamaicans as a whole,” the letter stated. Saying that he remained committed to not resting until the current situation was resolved, Smith said he was devastated that the financial entities to which he was associated were caught up in such situation, which he said was creating hardship for his clients. Smith also noted that he was empathetic to his clients feelings, since his family has been suffering also.
“I want you all to know that I truly understand what each and every one of you is going through because my family and I are experiencing it also. I know that there are many rumors out there that would contradict my last statement, and that is exactly what they are vicious rumors. I urge each and every one of you not to be blinded by the rumors and to weigh in your own minds the things you hear and see them for how farfetched they are,” Smith asserted.
“I pray for all club members that the lord will give you his peace that passes all understanding, and that the Holy Spirit will bless us all with patience. May the Lord keep each and every one of us as we stand on his promise not to give us more than we can endure.” Earlier this year, investigators from the Financial Crimes Unit, raided Smith’s home and business places, where they confiscated computers and documents, as they mounted financial crimes investigations, including money laundering, against him. An order was obtained from the high court to have his assets frozen until investigations are complete.
pissed off said
I agree real estate is the way to go, lewfam says they are anticipating a resoulution soon,
pissed off said
I agree real estate is the way to go, lewfam says they are anticipating a resoulution soon,
January 9th is d-day. Lets hang in there and see what happens.
pissed off said
higgins warner website , have anyone being able to log on?
Forex_loser said
I am a disgruntled Lewfam investor to say the least, is there any action that can be taken if after Jan 9th there is little hope. If I ever get my money back I will never invest with these clubs. TOO much drama for me I will stick with real estate at least I can touch at any time.
live&letlive said
PipUNIT @ 271
I really dont trust the Major or David Smith. I just want my money back.
So pipUnit you gave your hard earned cash to people you do not trust !!!!.
What did you expect them to do with it? oh sorry i just saw your last sentence.
Please remember to tell your kids not to talk to strangers.
L&LL
Comment said
Olint problems started way before Hedge Funds ceased paying from what I can recall Dec 2007. Further more they are two different investment types. Even though the hedge fund are private investment fund they are open to a limited range of investors that is permitted by regulators investment, what does olint do? and was doing. With Hedge funds open only to a limited range of professional or wealthy investors they have to be able to protect their High-end clients Fortune. Can you imagine if everyone suddenly wanted to take there funds out all at once, that’s why Hedge Funds have a limit on accessing capital 4- 6 years and most who invest can afford to leave 100’s of millions there for that period. Olint on that other hand should have been very liquid.
Peace.
Olint-for-life said
CNBC just reported that Hedge Funds in the US has ceased paying out withdrawals to their depositors. This is due to the serious economic decline.
Doesn’t story like this makes you wonder if O’s inability to access funds is somehow connected?
“Jack mandora, mi nuh choose none. A gaan.”
pissed off said
Guys I think Jan 9th is d date to see if there is a flicker of home to get our money back. My company traded thru u-win, do they have anything to do with the 9th…. I am not sure whats going on……….
Sirach said
“All tyranny needs to gain a foothold is for people of good conscience to remain silent.”
- Thomas Jefferson
Sirach said
“CONTRARY TO THE TEACHINGS Iof SIRACH DS HAS MOST IF NOT ALL OF THE MONEY & SIRACH KNOWS THAT”
If only you knew what Sirach really knows.
PipUNIT said
No i’m tired of so called “CHRISTIANS” deceiving people in investment clubs and MLM schemes. They all use their pulpit or the fact there Christians to get you to join. “Hey brother so and so is in this club and he’s making blah blah blah a week you know” or “You know the guy that started this club is a christian and gives a lot to the poor so it must be for real”. I really dont trust the Major or David Smith. I just want my money back.
Live&Letlive said
Hi PipUNIT
calm down. Even if you kick majors ass you will not have your money. Now that you know that you have suicidal tendencies. Please do not invest any money that you will need in the future. Work and spend what you get from the boss “making money work for you” is not for everyone some of us do not have the stomach for it.
That is where I blame Major and DS they took money from WORKERS and made them think they were INVESTORS. Son investors LOOSE money investors make money INVESTORS have setbacks and have to wait for their money.
CALM DOWN THE LINE OF CREDIT DID NOT COME THROUGH but do not go to the bridge no real investors will be there.
CONTRARY TO THE TEACHINGS Iof SIRACH DS HAS MOST IF NOT ALL OF THE MONEY & SIRACH KNOWS THAT.
Gone to bed last night shift tonight
L&LL
Sirach said
Pipsy…you are not allowed to speak about a “christian” like that! Don’t you know these people are above all the rest of us? They are “christians!!!” and they are always right and always know what is best.
PipUNIT said
The lewfam club meeting will be moved this week to the bridge. I figure we can all car pool to save on gas. Group jump at high noon LOL.
PipUNIT said
Since the major has made probably 2 percent on us for the last few years i think he should parly up some of the money for the members. I invested with Lewfam not Olint and even thought Lewfam uses DS it’s still Lewfam responsibility to manage my account. It’s not my fault that DS got himself into this shit.
PipUNIT said
Someone needs to head over to the “MAJORs” house an kick his ass. These crazy assholes have drug this shit out out for 6 months now and now they want to take a month off for xmas. Hell i hope they all enjoy is when the rest of us are living on the f$ckin street.
Sirach said
You sure you’ll be back on January 12th???????
tia said
I got this email from Lewfam today.
Dear Member,
As at midnight 3rd December 2008 the LewFam Investment Club website will be suspended until further notice. Our office remains open to continue answering your calls and providing you with any available updates. Please feel free to call us. Our regular numbers will be available along with three additional numbers: 305-600-4367; 954-376-3277; and 404-567-4804.
We will be closed for the Christmas Holidays as at December 12 and will re-open on January 12, 2009
Thank you very much for your continued support and patience during this continued trying time.
Please have a happy and fulfilled holiday.
Management and staff
LewFam Investment Club
Chilly were are you? What happen to the Line of Credit? No money for The Season?
JANSAW said
any one tried higgins website recently
pissed off said
Hi, Such is Life Says
Are you sure Higgins Warner checks are no good…
Hope to hear ya…
Live&Letlive said
Olint for life @261
Thanks for that piece of info.
Strategies employed by the FSC ( taken from the article)
Investigation techniques
Sting operations
Various forms of intelligence gathering
Formal discussions with promoters
Collaboration & cooperation with local and foreign law enforcment
Collaboration and cooperation with regional and
international regulators
Selected staff dedicated to receive complaints
Issue Public Advisories – general and specific
Attempts to have the promoters criminally prosecuted
Mount vigorous defense to all civil actions filed againstthe FSC
Issue Cease and Desist Orders
Public Education Campaign – “Think and Check
before you Invest”
NOW i see why the FSC nearly mad the TCI government with complaints about DS and when they could not get anywhere they started to tourment the English goverment finally they were able to get them to start an investigation on DS. Now when the TCI is asking them for help NUMB is the word from the FSC and Ja Gov.
I wonder when will FSC tell us the findings of their many National and international investigations on DS.
Under pressure/request from the FSC The NFA carried out audits on all of DS brokers and found “problems” at ItradeFX. I am wondering if all is well at OANDA .
THE MISSING STRATEGY……
We investigated the posibility of FOREX trading as claimed to be carreid out by OLINT and come up with rules and guidelines as to how a club of that nature must operate.
This paper by ms Holness tells me what I have always thaught THE FSC IS USED TOILET PAPER that is seeking vindication
time for bed L&LL
Olint-for-life said
For information purposes only.
Go to the following lnk to read a report about unregulated financial schemes (UFO) by the FSC titled
The Jamaican Experience
presented by Janice Holness
Director, Investigation & Enforcement
FSC Jamaica
“http://www.cartac.com.bb/UserFiles/File/Unregulated%20Investment%20Schemes%20in%20Jamaica%20-%20Janice%20Holness.pdf”
Remove the “quotes” before posting in your address bar.
Olint-for-life said
Similar news item:
“http://www.suntci.com/davidsmith.asp”
David Smith’s assets could be released in New Year
By Vivian Tyson
SUN Associate Editor
Embattled financial investor David Smith will know on January 9 whether or not the freezing order imposed on his assets locally will be lifted, as the matter was adjourned until that time, when it came up in the Turks and Caicos High Court on Monday, November 17. Smith- the principal of Olint Corporation – which originated in Jamaica, but moved to the Turks and Caicos Islands in the face of mounting pressure from Jamaica’s financial services commission and commercial banks, had his assets ordered frozen by the authorities on July 11, as investigations into financial irregularity on Smith’s part was launched.
Following the court order, Smith’s business and home were raided and computers and documents seized for forensic analyses by officers from the Financial Crimes Unit. Smith’s international travel was however, not restricted, as he was given the green light by the courts to leave and enter the country whenever he wants. Smith’s legal team, headed by attorney-at-law Lord Anthony Gifford, made in-chambers submissions before Justice Richard Williams in the High Court for the restriction to be lifted. However, Justice Williams adjourned the proceedings until January 9 for further hearing and a ruling.
The drive by Smith to have the assets released is to make good on a promise made in July to make payments owing to investors, The SUN understands. Smith is not the only one trying to nudge the authorities to release his assets, as TCI FX Traders, a local company which he is said to be a director, wants the Supreme Court to appoint a liquidator to wind up that company in the interest of investors getting back monies put in.
John Wildish, a director for TCI FX Traders told reporters outside the Providenciales Court early November, that his company had nothing to do with Olint, saying that his organization was affected by the cease and desist order merely due to David Smith’s name being linked to that organization. He said the entire sums invested by TCI FX Traders’ clients were intact and individual members would get back their investment in full once the company’s request for liquidation was granted by the High Court.
Even though David Smith, principal of Olint Corporation is the director in charge of all trading at TCI FX Traders, that company and Olint were separate entities, a source close to TCI FX Trader told The SUN.
The lawyers’ quest to have the company wound up came as a result of its investors becoming concerned and wanting to know what was happening to their investments, as they were getting no word from the authorities as to what direction their probe was taking. Olint is also locked in legal battles in Jamaica with the National Commercial Bank, which wants to close its accounts and with the Financial Services Commission.
cw said
From the Weekly News in Turks – Nov 21st.
Lawyers take action to lift Olint asset freeze
A DECISION on whether to lift an order freezing the assets of an embattled TCI-based businessman will be made in January.
David Smith, boss of foreign currency exchange companies FX Traders and Olint TCI, had his Providenciales home and offices raided and assets from both firms frozen in July amid a massive financial crime probe.
It is believed that cash invested by Islanders into the companies could run into millions of dollars.
Lawyers for the Jamaican national applied to the TCI Supreme Court to overturn the move.
On Monday, Smith’s defence team made in-chambers submissions before Justice Richard Williams. The matter was adjourned until January 9 for further hearing and a ruling.
The drive by Smith to have the assets released is believed to be to honour a promise made in July to make payments owing to investors.
Olint is also locked in legal battles in Jamaica with the National Commercial Bank which wants to close its accounts and with the Financial Services Commission.
Thousands of Olint’s investors in Jamaica and abroad have been left in limbo since the freeze.
The company was originally started by Smith in Jamaica before being closed down by the Financial Services Commission (FSC) in March 2006.
He launched operations in the TCI shortly afterwards. TCI FX Traders was licensed by the TCI’s FSC and set up office in June in Leeward Highway.
He was described by Premier Michael Misick in December 2007 as a “model citizen” who had made an enormous contribution to the local economy.
Speaking in Jamaica following Olint’s establishment of a foundation to help children with special needs in that country, Mr Misick said: “Good people matter and I am happy that this foundation has been established.
“We appreciate the efforts of David and Tracy and how greatly they have contributed to the economy of Turks & Caicos in the short time they have been there.
“Jamaica’s misfortune is indeed the good fortune of Turks & Caicos having gained these model citizens.”
Smith has strongly denied any wrongdoing.
Such is Life said
What a way Max Higgins fool di people dem again…..issue checks, but no money in account to clear dem….real con man…….at the same time him a collect new investors money, they were deceived into thinkin that he was back on stream and paying out..i want to use this forum to advise persons not to give this man any money, dont let him trick you.
Bless
RSI said
yup it is a new paradigm
Patricia said
You know, RSI he is spot on…I’ve always preferred the more basic..”you’ve got to know when to hold ‘em, know when to fold ‘em, know when to walk away, know when to run”
With what’s been going on, 6-12months maybe the new long term.
RSI said
Warren Buffet’s investment strategy of buying stocks to hold for a number of years is no longer viable due to the extreme levels of volatility, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC.
“The Warren Buffett approach is dead and it’s been dead for ten years and it’s going to be dead for another ten years,” Faber said Monday.
Mercury Vapor said
Recently I found this blog that has information on Rove Capital, BestFXtraders, Devrim and many other managed forex accounts. The writer of this blog invests in these accounts and blogs often about how they are performing. It might be a good source of information if you’re thinking about investing in managed forex accounts.
http://currencyctas.com
Comment said
Hello Rabbit I have not close as yet, tomorrow. I thought I would have made back on my rove 2 but it did not recover. I have been doing ok in the US stock. Bought about 500 shares in CITI when it dropped below $4.00 so I am now up $8.25 about 100% in less than month. Also bought some GM cheep did well on that also. Just trying at something different.
Peace
Rabbit said
Morning..
Rove Capital made a loss of 5.69% in November.
Comment, hope things are well with you. I assume that you have now closed your Rove account.
A great Sunday to all.
Rabbit
pissed off said
I rest my case so how are they going to pay back this money? also UWIN , UTHIEF, ITS GETTING SCARY!!YIKES
jonothan said
whatever happened to may daisy, what is the current position as far as they are concerned?
Live&Letlive said
Geotdr@247
Before you start to beat up on yourself for handing over your money to a bunch of crooks and liars why don’t you call them and talk to the most senior person or ask that your email be sent to Neil Lewis and get some answers to your questions. Yes Yes you should have checked out these people before you send your money but it is not too late to at least find out who has stolen. TAKE CHARGE OF YOU INPUT INFO. YOU CAN EVEN GO TO ST LUCIA THESE PEOPLE ARE NOT IN HIDING!!!!. I sat in these people’s office for months before I invested more than 1000 dollars with them. Come on man the lack of payment is A REAL PROBLEM but no need for the hysteria and the distruction of each other and ourself.
BUY A PHONE CARD
CALL THE LEWFAM OFFICE
ASK YOUR QUESTIONS
You can cuss them off it is your money
Oh remember that Lewfam told you that they place the fund with OLINT and you know that situatio. So this attempt at getting a loan is to try and ease the financial pain they do not have to do it. They could have just vanished like the DAISIES LOL. Then you would not even mention them on the BLOG.
Do not HYPE up yourself about the loan untill Lewfam says they have it. That was the same mistake some people made before, We started to buy big house big Car and retire becuase we are in Lewfam. Do not count your chickens before they are hatched
GUYS
When you turn on your pipes at home and you do not get any water you do not start to shout THAT TIEF GONE WITH ALL THE WATER FROM MONA DAM !!! No we know that there are other possibilities
L&LL
Gone to get some sleep
pissed off said
I agree 100% no wonder we aint getting no money. Its a game of taking the fool a little further.
A good institution would never take so long to secure a line of credit. something fishy is going on!!!!!!!!!!!!!!!!!!!!!
Geotrdr said
Well if this board can prove anything its that “hope” is a hell of a thing….
and so is bull$h!T
Who ever heard the Lewfam line of credit story first hand should have cussed off Lewfam for insulting their intelligence. Even if times were good and the world was not in a financial mess, which bank in their right mind would give them a line of credit. Based on what? What in the world would they tell the bank they are going to use the money for? ” Well we are going to…hmmmm… pay our investment club members with it. I would have loved to been there for that convo. with the bank. This story must just be some sick rumour, it must be.
Overchill said
Mr Higgins
http://translate.google.com.jm/translate?u=http%3A%2F%2Fwww.perfil.com%2Fcontenidos%2F2008%2F11%2F13%2Fnoticia_0008.html&sl=es&tl=en&hl=en&ie=UTF-8
http://translate.google.com/translate?hl=en&sl=es&tl=en&u=http://www.revista-noticias.com.ar/comun/nota.php%3Fart%3D871%26ed%3D1610
http://translate.google.com.jm/translate?u=http%3A%2F%2Fwww.laopinionsemanario.com.ar%2F%3Fsid%3D1%26tpl%3Dnoticias%26nid%3D10139%26eid%3D178%26t%3DInformaci%25C3%25B3n%2520General&sl=es&tl=en&hl=en&ie=UTF-8
hmm
RedP said
Posted on the other blog.
please pay attention to the annual return over the last 15years of the top currency trader ever
http://atrader.com/articles1.html
Mercury Vapor said
Re: Post 241
Thanks for posting that PEI. Wow, reading that article reminds me of Cash Plus and what happened in Jamaica. There are alot of similarities to what happened here, that’s why we have to be on the lookout for pyramid schemes, ponzi schemes and other scams. There are so many crooks out there that you have to be careful with your money.
bigson said
any one know any one who get momey from world wise
Rabbit said
Comment @241
Good to hear from you. Can totally understand why you are calling it a day with Rove. I may not be too far behind you. Do hope that all is well with you on the other fronts.
To all my friends on the blog…the US celebrates Thanksgiving this week. There is so much we have to give God thanks for. I am thankful for you all. Be blessed as you count your blessings.
Rabbit
PEI said
I get this from the robot site and find it interesting. People we have to be vigilant and dont get catch again by big money promises from sweet mouth people. This is important as times tuff and getting tougher:-
Flim-flam men become heroes in Colombia
POPAYAN, COLOMBIA — In retrospect, the name probably should have set off a few alarm bells: Rapid Money, Easy Cash.
But if police officers, professors and city officials were sinking the equivalent of millions of dollars into the upstart financial institution that promised to double their money every month, why shouldn’t bartender Jairo Labio? He plunked down $1,500.
The firm, however, was on the verge of collapse. Earlier this month, Colombian authorities closed it down in a nationwide sting operation against pyramid schemes that affected 2 million investors, sparked street riots, and led to at least three deaths.
READ MORE……..
http://www.chron.com/disp/story.mpl/headline/world/6127403.html
Comment said
Rabbit: How is Rove going? I will be closing my account This week, They are hardly trading the accounts anymore and it seems to keep going down at this point.
All the best to the rest of the rove investors.
Comment
chilly said
Sirach @237,
That depends on who is moving the goalposts. All courts, for the most part, have a slant towards law enforcement. They will give them as much time as can be justified, to sunstantiate their case.
chilly said
Sirach @235,
These are privately held companies, so there is no option for the clients to determine who manages the company. I would suspect that none of us joined any of these organizations because of their exemplary management or transparency. We saw the benefits as outweighing any of these concerns at the time.
Sirach said
You wait on another goalpost movement.
Chilly, what do you suggest if on Jan 9th the goalpost moves again and why?
Lewfam….if you can’t pay people and their are rumors you intend to borrow even more. Don’t you think you should just pause for a moment and give a full (and adequete) account to all stakehoders before you do anthing further?
Sirach said
No other nation would have had these few remain charge of the information and assets of the many. Especially in light of the farcical display they have put on. Regrets.
Sirach said
Chilly,
Honestly I encourage FULL TRANSPARENCY immediately from all of them. Irregardless. All managers/principals with dismal track records to date should step down (and back) with immediate effect and have reputable and independent persons of unquestionable integrity take over on behalf of the people….who after all….are the owners of the money.
Any comments on that?
Live&Letlive said
Chilly @227
I get your drift brother
L&LL
Sirach said
PEI, I always did from way back….long before his payment “problems.”
pissed off said
I got Lewfam same sh*t different day, I am feeling ill , is it just me or aint we all….
I have had it. Does anyone know if higgins checks have cleared? awaiting reply…
pissed off said
Lewfam has bailed out on us, I call their number I cant reach them.
RedP said
Sirach @ 229
Hey Sirach, stick a pin, have you payed your ppl money on demand??
Peace
RedP
Sirach said
The only way to discredit a conman designation is to PAY PEOPLE THEIR MONEY ON DEMAND….anything short of that means something is not kosher about you.
PEI said
I wonder if is the same bank LewFam and UWin were using. Sirach me would agree say the middlemen should have been looking for loans/line of crdeit to pay people from say July. Maybe a year ago them did still beleive that things was alright, but by July them should have start look for other source to pay members
chilly said
Live&Letlive @ 226,
The only thing I am promising, is to share what I am allowed to, about what I know. We all need useful encouragement regarding our investments, especially when there are others dedicated to the spreading of negativity.
Live&Letlive said
Chilly
Be carefull how much you promise more info next week because things are moving at their own pace. Getting the loan in this environment has been a real test for NL. As you know one of the loans ended in a dead end. We are all hoping that this one will be successful.
I can see that the people in Lewfam who are thinking NL is a conman really do not know NL and do not know who they left their money with. Lewfamites some people in the world do have integrity. NL could have spoken about the loan when he has the money in hand but we are not idiots why can’t he tell us what he is trying to do.
FORGET THE PICNEY A GUH BAWL APPROACH
Do not tell the children they are going to the beach it might rain and they will cry. NO NO NL thinks we are adults
Sirach said
Question: If feeders and middlemen are seeking loans now why did they not consider it a year ago when the master fund started to hiccup?
Question: From what source will interest on such loans be paid?
chilly said
PipUNIT @222,
I have known NL for many years. I spoke to him briefly this morning, I will know more next week. I know enough to tell you that their efforts to get this loan is very genuine. I am not sure where things stand exactly, but they seem positive about getting it done.
tia said
The last news I got from Lewfam was that they are waiting on the money from the line of credit to go to the Lewfam bank account. As soon they get that money they will send out on email to inform invest.
PipUNIT said
HI chilly, you seem to know a good bit of what is going on with lewfam. Do you have people on the inside? Does the line of credit really look promising? When do you think they’ll get it?
Sirach said
Pipsy @215
They will kick you off the blog and make vitriolic statements about you for speaking of their God like that.
Sirach said
Driva…let off Sirach….his one line blogs that DS don’t feel no pressure yet seem to be getting under Jonothan’s craw.
chilly said
Mercury Vapor @218,
They should never have let the cat out of the bag in the first place, at least until all the signatures were on the loan. It is quite a complicated arrangement, involving several parties. All it took to break the deal, was for one party (a bank in this case), to get hurt during the Wall St. meltdown.
Mercury Vapor said
Hi Chilly, I hope you’re right brother. I’ve become very skeptical when it comes to these clubs. There have been too many lies and various stall tactics used by these clubs before. So I really don’t listen when they say they’re GOING TO DO something. I listen when they say they HAVE done something. I hope that Lewfam gets their line of credit…if it is true that they really are looking for a line of credit…so that members will get back at least their principal.
Madre said
Chilly, thanks for the info. Catch you later.
chilly said
Mercury Vapor @198,
The line of credit is not a stall tactic. NL is genuinely trying to find financing from sources involving the USA and UK. They ran into some issues with the Wall St. meltdown, but they now seem to be back on track. I will hopefully know a lot more by early next week.
PipUNIT said
DS needs his ass kicked for all this shit. If he wasn’t such a damn rebel over the last few years and had actually tried to become compliant in Jamaica and in TCI we would probably not be in this mess.
jonothan said
sirach you are monopolizing the blog too much and i am apparently not the only one who thinks so. perhaps the driver ought to look at this as the discussion resulting seemingly takes away as against adding value here. anyone tried to access the original casplus site recently?
Sirach said
David Smith don’t feel no pressure yet…..
PipUNIT said
Mercury i hope you’re not right but it wouldn’t suprise me that lewfam would do this.
Live&Letlive said
Why defend David in front of A Angry Men for most of us this beef is between ME DAVID and MY $$$$.
Thanks to the lobbyist with pressure like that David will live up to the nine months promise LOL
Advice I gave a pig whose funds with David is a bit short ( No NO he is not a theif he just did some spending in anticipation of the piggybacking TAX that ceased without notice)
1. Sell Something
2. Give some of the backers a smalls for Christmas ( sweet them up)
3. Modify their account ASAP before DS surface with the CASH
l&ll
Gone to fetch some sleep
Sirach said
You ever stand up in front of couple hundred angry people to defend the man? No because you are a coward.
Sirach said
If you think is a lie then why don’t you just ask?
Sirach said
Full banking was offered long ago. Bigger banking than any countryman…but alas….the phone rang without an answer and they drew their conclusions.
Sirach said
I am getting tired of begging for some people.
Sirach said
..no one’s are…
Live&Letlive said
Please Guys you will have to read the blog and skip over SIRACH. it is clear to me that if David Smith cannot transform SIRACH with the money he siphons off his piggybackers into an Rich man then SIRACH thinks David should be locked away. SIRACH ONLY YOU AND YOUR GOD CAN TRANSFORM YOU FROM A LOOSER TO A WINNER David Smith CANNOT help’!!!.
NOW On to the business of our Money.
Guys if David Smith has the money we will get it, If he does not have it we will not get it and he might go to jail.
by the way Thanks Chilly for trying to keep us informed
Today, let us assume he has the money. Please note if NCB wins the case to close the accounts using the arguments they are using then our goose is cooked becouse the trust of their argument is that David Smith is a banking Liability and a money Launderer. if his loving Countryman says that which bank in the world is going to do business with him?. Get a hold of the various court summaries and start reading about your problem, NOT about a CONMAN IN SOUTH AMERICA
L&LL
my shift is over I am going home1!!!
Overchill said
The way things are going, some kneecaps might be involved.
Sirach, the way your’e pissing people off with you’re nonsense, you’re kneecaps are not immune.
Dont piss people off any further, if you have anything of sense to say, then say it, otherwise shut it.
Mercury Vapor said
Sirach, why don’t you do us all a favor and stop posting on this blog. Your posts have no value what so ever…half of the time I can’t even understand what the hell you’re saying. Do us all…and do me a favor…stop posting on this blog! Go back to the Robot Bus and post over there because nobody wants you here!
Sirach said
Pipsy..hhahahaa you a mi bredrin…
BEST ADVICE: One step at a time. Make sure you can identify a tangible dollar bill in your hand (with iodine marker in the other) then…..and only then…do I advise any negotiation with a scamist about how much the payout will be.
hahahahahahaa
Sirach said
..heh…looks like I free from detention for the moment.
Sirach said
When Sirach shortly pays anyone in his Olint account thier balance as at May 31st what then is Sirach’s new balance?
When Sirach transfered funds this year into new Olint TCI accounts what is the starting balance “principal” for those new accounts?
Sirach said
Bwoy Pipsy….i glad your not my rocket science lecturer…haha (just kidding)
Let me tell you the reality: The responses that you all get have come from the WORK of others. Without such work all the schemers would just still not be even talking to any of you.
Even for the current ullo you get you should thank those with the cases agaqinst them. Yes while you were all supporting scamist….others took action to move them up….if they had not taken such action….all backers would have a very quiet Christmas while they would not have answered the phone.
Pipsy…i have blogged this one toooo much but one more time.
If I have 5000 for you in my account and 5000 for me and last year you asked for 5000 and the fund was not paying and I paid you 5000…..What is my new principal?
Now if lewfam or whoever has no record of the transaction….how you can get an audit that is correct?
I hope this one is not blocked….as it seems to be international blocking day today.
Mercury Vapor said
PipUnit, I hear what you’re saying, but I think the line of credit is just a stall tactic they’re using to buy time. I think they’re lying and there’s no brokerage firm that is going to lend them money. Think about it, who would lend them money at a time like this? The U.S. economy is in recession…and possibly going into a depression…and there is a credit crunch. Who is going to lend an unregulated investment club like Lewfam in these tough economic times? Plus, all of Lewfam’s money is in Olint and that money is frozen awaiting the outcome of the ruling in the Turks. So, in my opinion it’s nothing more than another stall tactic by a club that’s trying to buy time. If this story about a line of credit were true, it would have already come through and we would all have received our principal by now.
PipUNIT said
If any of you are LewFam members I would advise you to keep calling them and pushing the issue with this Line of Credit. This is really our only hope of getting our principal. If I get any updates I will post them here. When I’ve spoken with them they told me it’s not Principal minus Encashments we’re getting back it’s the entire amount of Principal that we’ve put in no matter if you have taken any money out. Of course this has to be Principal up to your current balance left in the club. For example if you’ve deposited 18K into the club but currently have only 5k in it they’re not going to give you 18k back that you originally put in but would most likely give you the 5k. But some of us who have been in for a while have over doubled our money and have also taken money out. I asked this question to several people at LewFam just to make sure thinking maybe they would only give me the difference of the principal minus enchasements but since I’ve taken all but 20k of my principal out and most of my remaining balance is interest. They said that I would get my original principal out anyway. Which basically is 20k principal and 40k towards the interest they owe me. The rest of the interest they owe me they said would come next year when our good buddy DS gets back to trading.. (ME PRAYIN ON THAT ONE)
Bless said
The Prime Minister must also state the they (JLP/PNP) did not add voice about the legality of Olint/ Cash Plus by taking contributions of Millions of dollars from these entity which they are now admitting are illegal -now what was the common man to do when they see men of inside knowledge and of “high standing/ integrity” dealing with these entity in a business like manner.
Its like a parent scolding a child not to lie but in front of the child they are telling lies. Children live what they learn by what they see and hear.
Now how does the masses learn by what they see and hear the so call “big shots people of high standing” actions .
So what is the prime minister saying we should only take in account what they say but not what they do?
live&letlive said
why is the Jamaican Govt involved. All olint members were told that OLINT was to cease and desist in 2006 by the JA Govt After that we signed up with OLINT St Kitts then OLINT TCI Why is this Dr Man bothering Bruce. I am sorry I cannot get my hands on This EDIAT Dr Money I would treat the whole Jamaica to Fish and Festival
L&LL
Olint-for-life said
Printed in the Sunday Herald – Nov 24, 2008
PM Golding and Olint investor clash
(Vaz — reportedly told Dr. Walker to hand over to ACP Green all information relating to his involvement with Olint.)
Prime Minister Bruce Golding has sought legal advice regarding alleged defamatory remarks made by Olint investor, Dr. Christopher Walker, during a radio programme on NewsTalk 93 a fortnight ago.
Golding made his intentions known in a letter responding to Dr. Walker’s letter complaining about police tardiness in probing Olint and State Minister Daryl Vaz’s alleged misconduct in the matter.
“I am advised that you were one of the discussants on a radio programme aired on NewsTalk 93 last week, in the course of which you made defamatory remarks in reference to me. In response to a formal request to the radio station for a recording of the programme that was aired, we were advised that the recording equipment ‘failed’ and therefore no recording can be produced.
“We have, however, secured a recording of the programme from an independent source and it has been referred to my attorneys for them to advise me on the appropriate action to be taken,” Golding said in his letter.
In a swift response, Dr. Walker said: “As an American citizen, I make my comments to you with the protection of the First Amendment of the Constitution of the United States of America. Thus, I do not require your permission to air my points of view.”
Dr. Walker, who along with his ailing father, invested over US$2 million in the collapsed Olint scheme, told the Prime Minister that he “completely ignored the obvious role of your Cabinet colleague Mr. Daryl Vaz as a facilitator of the Overseas Locket Corporation (Olint) and a party who threatened me personally via an e-mail sent from his personal Digicel cellular telephone on October 7, after I had reported in confidence, facts surrounding the Olint case to a senior police officer, Assistant Commissioner of Police, Les Green.” Vaz, it should be noted, is not a member of the Jamaican Cabinet.
In his letter to the Prime Minister, Dr. Walker complained that Minister Vaz threatened him via e-mail after he complained to Assistant Commissioner Green. In that email, Vaz reportedly told Dr. Walker to hand over to ACP Green all information relating to his involvement with Olint or he should put up or shut up.
“I repudiate your innuendoes directed at Mr. Daryl Vaz. The government and the courts of Jamaica took effective action to require Olint to cease operations in Jamaica, as they were found to be in breach of the law. This action has been challenged and is still before the courts,” Golding said.
The Prime Minister said he was advised that Dr. Walker made allegations of fraud on the part of the Overseas Locket Corporation (Olint) and the police were investigating them.
“The outcome of these investigations will, of course, be dependent on the information provided and the quality of the evidence gathered. Your assistance in this regard is expected” the PM indicated.
Gov’t warnings
Prime Minister Golding reminded Dr. Walker that the government “made strenuous efforts to warn the public that these alternative investment schemes were unregulated, extremely risky and that they were likely to lose money.”
Continuing, the PM said he would have expected that “someone of your stature would have considered these warnings carefully.”
Prime Minister Golding added that, “Security of investments depends largely on transparency and availability of information so that investors can make informed decisions.” He said, as so many persons had learned painfully, investors must at all times be able to know where their money is, what it is doing and how it is doing.
According to the Prime Minister, “Investors in these schemes chose not to concern themselves with these matters, mesmerised, no doubt, by the incredible returns they thought they were receiving, which were precisely that — incredible, unreal and unsustainable. It is said that a fool and his money are soon parted,” the Prime Minister indicated.
Mercury Vapor said
Thanks Chilly.
chilly said
Mercury @189,
The US Attorney for the Southern District of New York focused her investigation on the trading accounts of all 3 Jamaicans from the NFA report, who had trading accounts in the state of New York. My understanding is that the OANDA accounts were not frozen, but the accounts are restricted until the US DOJ investigation is complete. I honestly do not know what the current status is. The FXCM accounts belong to TCI Fx, not OLINT TCI.
Sirach said
“you can fool some people sometime but you can’t fool all the people all the time…”
Sirach said
Bloggers the blocking is on again hard. Thanks for letting us know privately.
Mercury Vapor said
Re: Post 185
Chilly said: “There is obviously millions in the OANDA trading account, but DS did sustain losses due to his “patty shop” accounting.”
Hi Chilly, a question. When the news broke about Olint’s money in the U.S. it was reported that they had $3 million in FXCM but there was no mention of Oanda. So if there was money in Oanda, why was this not reported in the news?
jonothan said
i dont know but wouldnt that letter to the prime minister be asking for more roadblocks to be put in the path of DS to prevent him from paying his clubmembers? and didnt the government say a long time ago that people caught up in these schemes are on their own? and would the confrontational tone of the letter turn the PM against the people writing it? it gives the impression the handle is in the hand of the writers and the blade is being held by the PM.
Sirach said
21 November 2008
The Honourable Bruce Golding
Prime Minister of Jamaica
Jamaica House
Kingston 6
Jamaica
Dear Prime Minister
OLINT TCI CORPORATION (“OLINT”).
W e are instructed by a number of investors in the private investment club known as Olint, including Mr. Sean Belcher and Dr. Christopher Walker, in connection with the loss of their respective personal investments in that fund. We write further to Dr Walker’s letter to you of 17 October, 2008 and your response of the 3 November 2008.
Dr. Walker’s letter raised two serious issues for your response. The first was the lack of substantive engagement by the Jamaican police officers in response to the concerns raised by our clients. Our clients, in common with many other Olint investors, are suffering as a result of their inability to access the funds that they have invested in Olint and the refusal of Mr Smith to facilitate repayments. Although the Attorney General’s office in the Turks and Caicos Islands has taken steps to freeze the assets of Mr. Smith in that jurisdiction and the National Futures Association in the USA has been looking at the conduct of Olint and related parties, no substantive steps to investigate Olint or those associated with item including Mr. Smith, have yet been taken in Jamaica (other than litigation relating to its regulatory position).
Secondly, the disclosure, without consent, of Dr Walker’s communications with the Assistant Commission of Police, Les Green, to Member of Parliament Mr. Daryl Vazwhich then resulted in a wholly inappropriate email being sent by Mr. Vaz to Dr Walker (a copy of which is enclosed for reference) is a matter of concern.
Your reply of 3 November did not deal with either of Dr Walker’s concerns. Instead, you sought to characterize Dr Walker’s concerns as ‘innuendo’. (As you can see from the attached email, the communication from Mr Vas referred to by Dr Walker evidently took place and so we are at a loss to understand how you could dismiss thisissue.) Rather than indicating what the Jamaican Government has done in response to the Olint crisis, and responding to Dr Walker’s concerns (which are no doubt shared by other investors, your letter simply criticizes Dr Walker’s investment decisions, decisions which have no bearing upon the matters Dr Walker is raising with you.
In so responding, your letter contained defamatory language. You end you letter with the words:
‘It is said that a fool and his money are soon parted. My regrets’.
Quite apart from the fact that you make clear by this that Dr Walker, and his fellow investors, have only themselves to blame and thus that the Government of Jamaica had and has no responsibility in the matter, the natural and ordinary meaning of those words is that Dr Walker is “a fool”. This is plainly defamatory of a man of Dr Walker’s distinction. Dr Walker is minded to sue for libel in respect of the publication of any such comments to third parties, should you have made or in future make them.
Our clients look to you, as Prime Minister of Jamaica, to engage properly on this important matter. They urge you not to respond by insults, but to deal properly with points and questions raised.
Our clients urgently seek:
1. your assurance that an investigation into the potential fraud perpetrated on Olint investors will be commissioned by the Government and conducted on an expedited basis;
2. a full explanation from the Jamaican Government and/or Jamaican Parliament as to how it will deal with the unprofessional conduct of one of the Members of Parliament; and
3. an apology for and a retraction of the defamatory statement contained in your letter 4 November coupled with an undertaking not to repeat it.
We look forward to hearing from you shortly.
Yours faithfully,
REED SMITH
chilly said
Hopeful @ 182,
What does a disruption to the business by the government have to do with an 80% trading guarantee? In situations such as this, it is beyond his control.
I personally will not settle for a 50% payment of my account in a situation where there are no significant trading losses. I am more than willing to allow DS to make this right, and close his doors afterwards if he so desires.
chilly said
Bless @177,
DS has reported a prior disruption that pre-dated July 2008. His withdrawals from the OANDA trading accounts were placed on a 6 month restrictive access by Wachovia in November 2007 (I confirmed this possibility with a friend at Wachovia bank). In May 2008 they started asking for additional documentation that dragged on through the end of June (David flew to the United States to meet with the bank in mid-May). I think DS received only a single transfer under the agreement with the bank, which was supposed to be a $100M per week over 4 weeks. On July 4th DS was on radio stating that he had a committment from the bank to transfer $250M to Jamaica on July 11th. In a letter dated July 11th, the US DOJ launched money laudering investigations into OLINT’s activities, and the Crime Unit in the Turks, I think a day earlier.
There is obviously millions in the OANDA trading account, but DS did sustain losses due to his “patty shop” accounting. I honestly do not believe DS did an internal audit prior to May 2008, or an external audit until after June 2008.
When DS knew what was really going on is an interesting question, butat this point, I am not interested in playing God. I would just like to see him rebuild the account and give what is rightfully due to each member.
Sirach said
One more thing I ask the bloggers. How can an entity do an audit without ALL the records of transactions?
Sirach said
Think Hopeful, 50% of the balance is less than principal for many. I am SURE many people would want 50% of the balance especially when it represents more than their principal. But we must avoid shallow thinking and open the mind.
Hopeful said
Chilly
I am a bit confused. Wasnt there a 80% guarantee to members. We all understood that there was a risk of losing but when no losses were reported and you have a guarantee from someone you trusted you expect it to be honored.
At this stage if all he has is 50% of the May balance I an sure most members will accept it. Dont worry himself about trying to pay back all the May balance because by then some of us my be in the madhouse, the jailhouse, the poorhouse or the deadhouse.
Mercury Vapor said
Someone on the Robot Bus posted this video:
David Smith in Court
http://wiv4.wordpress.com/2008/11/05/david-smith-in-court
Sirach said
Correction: The Wisdom of Sirach
Sorry Red P
Sirach said
Red P
the book of Sirach son of Jesus (not Jesus of Nazareth) found in the aphocrypha.
I read some good blogs today. DS has not said he has lost money. He does not come forth with some tradegy story of his making at all. He has spoken of Conspiracy and misguided law enforcement.
Now some on the blog speak as if he has lost money from his own action. Which story is truth?
Smith knows… he must right? So it is for him to tell. Now he implies that he can’t tell because of the court case in TCI. O.K. But the non payment on demand problems were aroung before TCI and he did not definitively say what was happening at that time. In June 08 he said he had all my money. I recieved a statement of it up to May 31st 2008.
If he says something different down the very short road then he is a liar (the anithesis of a christian).
now he could pay a trillon US dollars tomorrow and not be vindicated because the consequences of his actions in the past 12 months are not measurable in monetary terms. This is fact.
So then why he would have the people endure the consequences must be for a very serious and completly defendable reason.
Now if he is able to release to e-mails and thereby speak while at the same time say he is not allowed to say anything is quite strange. Do you agree bloggers?
It begs the question. If you were in DS’s shoes and you were told by whoever not to speak…and if you saw on the other side the many suffering ….what would you do?
Sirach has no reservation particularly with the length of time poassed to tell you that I would deal with the masses and face the personal consequences on the other side.
Now I am not trying to oversinplify the situation. Don’t get me wrong. I am not a simple person.
However I believe this analysis is worthy of the bloggers consideration.
tia said
Bless@172
Ds did not reported a loss so whats the problem. All I am saying Bless ppl need to be Hopeful cause the man neva report seh him nah have the money. Lots of ppl use to get dem gain and was living big live, it not just DS. What false prophets have do with a system that freeze the man operation. Calm you self Bless.
Bless said
Chilly:
@174
Well he stop paying long before the disruption in July there was no disruption before that prevented him from paying so what are you talking about? He stated that there was a problem with banks etc so where is people hard earning money he should still have it
he never stated that he had losses
GOD is a GOD of intelligent people must stop do their evil then run to GOD like they did not know what they were doing.
David knew what he was doing but he thought he was a big dog so he can do anything and get away with it. If he knew the Law then he would know that the GOD of Justice will intervene on behalf of the innocent
So he must now face the Law.
chilly said
Bless @172,
You are focusing on the risk factor associated with trading, but you also have to account for the possible disruption to the business, which represents a good portion of the down time OLINT experienced in 2008. Many of us ignored this possibility when we decided how much to invest with OLINT.
Mercury Vapor said
Hi everyone, I’m a little confused about the current posts on the blog. A lot of people are saying that DS has made mistakes. But what exactly are the mistakes that he has done? He said that Olint wasn’t able to pay (since January) because of a Due Diligence exercise. Was that a lie? Many are angry that DS was spending money flying in private jets and gambling in the casinos. But wasn’t that his money he was spending…money from his salary from Olint? Or was that our money…the investors money he was spending? Can someone shed some light on these things.
Bless said
Tia and Chilly:
You are not very bright people or what? The risk factor was 20% NOT 100%, let me repeat 20% NOT 100%. I like dealing with fair minded, intelligent people not selfish people who came to you in the name of GOD – false prophets. If David had reported a lost then people would have acting on that information but he did not so stop be silly
RedP said
Hey Pat!! Dont forget the windchill factor!! Brrrrr!!!
Patricia said
Love and peace everyone.
RedP, the sun shines here too, quite brightly I might add. But, here’s the rub… it is -6 degrees celcius. Yikes!!!.Anyhoo you and I know it can and will be worse. So I take each day as it comes. You know approx 40-50cm of snow fell in some places last night.????..oh dear. I am good though.
chilly said
Dehustle @168,
I would imagine that kind of conduct, if true, has led DS to his current demise. I have been told by mutual friends, that at one point he was pretty much living hand-to-mouth.
The true story of forgiveness; is recognizing ones wrongs, confessing them, and then making restitution where necessary. Lets forget the past, and look forward to better things from DS.
Dehustle said
Pat @ 164
Amen as Usual Can count on your balanced view
Chilly I understand that we too have to take responsibility for our actions Thankfully I never put my all my life savings in olint, or quit my job expecting gains to pay my monthly expenses
but everyone invests for a reason a goal, a home, supplimenting thier income early retirement or for a security blanket for hard times
when those hard times came for me with illness and I was hopping up the stairs at Braemer practically beggings for some funds to get some treatment
It doesnt help to know that at the same time DS was jetting pple to and from Turks and throwing million dollar birthday bashes
this is not the action of a man ” who is feeling peoples pain ”
I dont begrudge him spending money he is actually earned but after a year of nonpayment it begs the question whose money is he spending , donating to political parties and the like when I cant get Mine
tia said
@165
Rightly said Chilly.
With all that has been said my hope is that DS will pull thru and our money will be paid out to us.The early the better. The damage has been done we knew the consequences of high risk investment. The story could be DS traded lost all our investment. No court case for us to recover. I know it challenging but please be Hopeful.
RedP said
Patricia @ 164
Hi Pat, Very well said and I am in agreement with you. Like yourself and Jonathon I am skeptical. Yet like you, I judge not for I myself have many faults. Time will tell, the proof shall be in the pudding. Have faith and trust God, there are many many lessons to be learned from this.
Love and Peace
RedP
PS The weather is absolutely balmy. Sun is shining with that lovely Christmas breeze blowing!!
Sorry, couldnt help myself!! I just had to throw that in for you upnawters!! LOL
chilly said
Patricia @164,
There are many sad stories, and I can add my own bankruptcy story to the list. In what other investment, anywhere else in the world, could you invest what you could not afford to lose, and then expect to turn around and blame the trader for not being able to pay your bills. The risk was ours, the only complaint we should have about DS, is whether or not he defrauded us. Many of us refused to pull monthly in the hopes of getting a bigger pay day. Who is to blame for that?
Patricia said
Amen RedP…..
However, the scepticism many feel is borne from their experiences. The sad truth, is that too many hide behind God to execute their sinful acts.In today’s world when a person comes dressed in the veil of Christianity, people rightly or wrongly get suspicious of their real motive.It is those charlatans who do harm to the good you and countless other try to do.
I will not judge DS or anyone, but I will say he has not done enough to show me that he is truly sorry for what has happened. Honestly, I cant quite imagine that he truly feels the “pain” as he has said. But that’s me, and again, my view has been shaped by my experiences.
And yes, Chilly,whilst I must stand accountable for my decisions, so must he.I only hope he truly gets it. The first thing is to admit the errors, then take responsibility and unreservedly apologise. Then you do all that is necessary to correct the situation. By all, I dont mean what is convenient to him.
When you are having to console/assist folks who have been reduced to begging, yes begging, to get back a fraction of their funds, to pay bills, medical expenses, school/university fees, and they have been begging from as far back as late November up to January, and the pleas fell on deaf ears, then those experiences factor into your views. When you are told of the inequitable ways in which funds were paid out to a few, and the wanton and lavish spending, again those experiences help shape your views.
This sad state of affairs could not have come at a worse time, given the current global economic climate. So forgive me and others like me, who may not be able to call upon our better angels. Again, I will not judge but yes, like Jonothan, I am weary. But with time and God’s never ending grace, we move on. It’s the circle of life.
chilly said
Jonothan @157,
I would hope I would do the same for anyone else in his position who was willing to admit that he had gone astray. I do not know the depts of his heart, so only time will tell if his actions support his speech. This whole affair reminds me of the story in the bible of the woman caught in adultery. All these men were hot and heavy to pronounce judgment on her, but Jesus simply said, you who are without sin, cast the first stone.
I know both David and Wayne, and have trusted friends who have known them a lot longer than I have. Nevertheless, if there was clear and convincing evidence that OLINT is nothing more than a fruadulent scheme from the onset, I would be dragging DS into US District Court. In the absence of that evidence, I will keep the faith, knowing full well that the upside is far greater than the current setback.
RedP said
Sirach @ 161
I have to admit I’m stumped my friend, Bible believer I am, scholar I’m not. Which book is it pray tell.
RedP
Sirach said
Red P,
The literature of the Bible is one of my favorate subjects. you know the first time I went to Duke St. Synagogue I was with DS? Something has gone wrong. Something of a secular nature. We must be careful. The truth is being hidden from the masses under the guise of court orders.
Let us show the Almighty that we can help ourselves (through divine intervention of course.) Let us hide our inequity behind his name. For nothing is hidden from him. Correct the injustice through truth. Then seek god’s forgiveness.
Red P, what book in the Bible does the name Sirach come from? Hint…i have blogged it more than once.
RedP said
Jonathon @ 132
I understand your skepticism my friend, yet not all who draw the “Christinity Card” lack integrity. Although we may be in Christ we are not perfect. We fall down and we get back up again through God’s grace. Let us remain hopeful that Mr.smith is being truthful about his turnaround and not drawing card as you say, or woe be unto him for making a mockery of God. It is not for us to judge him, ultimately he will face his own judgement before Christ’s judgement throne.
If he truly has repented and is seeking God’s face, it’s the first step in the right direction. Time will tell. In the meantime, I hope you dont use DS past actions as an excuse to mistrust Christians, there are those of us with integrity and honour, who’s desire is to be as blameless before God as possible and who take their faith seriously. It would be unfortunate if we were to be painted with the same brush because of the actions of others. Dont judge us too harshly, we are not perfect, only God is.
Love and peace
RedP
Sirach said
http://www.jamaicaobserver.com/editorial/html/20081120T210000-0500_142827_OBS_FAITH_WITHOUT_WORKS___.asp
Chilly, check this piece in “Faith without Works”
Sirach said
“Don’t blame me – Burrell – JFF boss says Boyz’ failure to qualify was Simoes’ fault”
hahahaaahhhaaa him mussi work for Olint! hahahahaaaa
Sirach said
“Everything you have could be sold to help save lives. Do you think I have a right to demand you sell everythig you have to donate to the poor? Is this not a matter of personal stewardship between a man and his God? There is a verse in scripture that states, “You shall not muzzle the ox that treaded the corn”. Considering the kind of money that DS has made for others, I have no issue with him enjoying the fruits of his labor. If he misuses what God has entrusted to him, he will pay the price.”
Chilly I am shocked….you are the first blogger to leave Sirach at a total loss for words. i don’t know if it is commisserations or congratulations but Rob has a trophy waiting for you.
jonothan said
interesting stuff chilly, so if carlos hill had said what david smith said you would be singing the same tune? i see. why do i get the impression you are a PR guy for DS?
are there really people on planet earth willing to even think about putting their money anywhere near the right honourable mr higgins? seems like the other bus people and sirach need to get involved !!! doesn’t maxy higgy have someone who proof-reads the stuff he sends out or is someone playing a cruel joke and using his name?
jonothan said
interesting stuff chilly, so if carlos hill had said what david smith said you would be singing the same tune? i see. why do i get the impression you are a PR guy for DS?
are there really people on planet earth willing to even think about putting their money anywhere near a max higgins? seems like jay and jason and sirach need to get involved !!! doesn’t max have someone who proof-reads the stuff he sends out or is someone playing a cruel joke and using his name?
Mercury Vapor said
Thanks for posting that statement Keepin the Faith. It was an interesting read, so I guess Higgins Warner is back up and open for business. Now instead of taking on “investors” they are trying to take on “lenders.” People, Max Higgins is a pure conman, the man is as crooked as they come, stay as far away from him and Higgins Warner as you possibily can! He is obviously running a ponzi scheme. What he said about Kenrick and Aletha Gilpin could be lie, and even if it’s true that they stole money from him…so what? Max Higgins is a conman!
Keepin the faith said
Ok all cut that crap. Hear is Max Higgins Statement (www.higginswarner.com)
AS OF NOV 20, NEWS FROM THE PRESIDENT
(01) I would like all lenders to know that once a lender recieve a FedEx package within 2 days after recieving package your FedEx tracking number will be XXXX out.
(02) As of December 16, 2008, Higgins Warner will send payments by both Bank of American cheques and bank wire. Lenders will also be given several options of banks to deposit their loans.
(03) Many lenders have been asking what is the Maximum amount a lender can lend. There is no maximum. Which means if a lender has $10 Billion dollars, no problem. I hope this will answer the hundreds of questions we have been getting about the maxim lending amount. There is no maximum, however loans to us over $10 Million US there is extra due deligence and proof where the money came from.
(04) The only way a lender can lend money to Higgins Warner is via our website, click on NEW LOANS. There is no other process to obtain a contract. All 189 NEW CONTRACTS that have been issued in recent days, if you read the contract it states very clear that lenders MUST retain their bank wire reciept for without the bank wire reciept to prove your deposit, your contract is not valid and your contract by itself is NOT and CANNOT be a reciept.
(05) Higgins Warner can only accept deposit through bank wire only. Due to legal reasons we cannot accept cash or cheque deposit. However we are only paying out by cheques for the time being and as of December 16, 2008 we will start to pay out by both cheques and bank wire. However we will always and forever can only accept deposits by bank wire only, NO CASH OR CHEQUES when depositing your loan.
(06) Higgins Warner is back on track when many banking gaints and fortune 500 corporations around the world have gone out of business. Therefore I ask all our present 8,189 lenders to allow time and know that yes, all payments will be made and yes soon we will have our system on a main frame international system by February 26, 2009.
(7) I thank the present 189 lenders who have made deposits this week of $644,700 US
Last but not lease, those who have nothing good to say keep your mouth shut. Either
you are part of the solution or part of the problem and the world has enough problems
it is. Anyone knowing the where about of former Senior Executive Vice-President
Kenrick Gilpin and former Vice-President Aletha Gilpin there is a $100,000 cash
reward for anyone providing information as to the where about of Kenrick Gilpin and
Aletha Gilpin for robbing and stealing from their employer Higgins Warner Group.
Kenrick Gilpin and Aletha Gilpin have both been fired from Higgins Warner by President
Max Higgins and does not in any way shape or form represent Higgins Warner Group of
Companies. It is been said that both Kenrick Gilpin and Alehta Gilpin are in the
Republic of Panama under false I.D.
THANK THE GREATEST MOTHER
chilly said
Jonothan @150,
I am simply trying to encourage you not to be so mistrusting when someone is admitting to having strayed off the beaten path. Time will tell where David’s new found commitment will lead.
chilly said
PEI @149,
Are you saying that DS has not earned millions for himself after years of trading near to a billion dollars? Lets just say for arguments sake, that OLINT has over 40,000 members, which ones should DS decide to help with the net proceeds from the 2.5M sale? How many of us who have withdrawn over the years are willing to contribute their encashments to the rest of us?
chilly said
Bless @145,
I will tell you this much, I never had a chance to pull a penny from OLINT, and I have a very substantial investment.
Not too many people are willing to take responsibility for what they invested with OLINT. Life savings, school fee, mortgage, medical savings, retirement, etc. DS neither forced nor pressured us to invest with him, so the current inconvenience is also on us.
DS never said he lost the money, but that he discovered a shortfall due to overpayments during his internal audit. Millionaires such as Warren Buffet earned many millions in FOREX during a recession. As long as you are a good trader, you can make money in any economic climate.
Dehustle said
Chilly
I think you are missing the point is not everybody went in early and made a killing
Plenty pple DONT MEK NUTTEM dem gains deh pan paper ONLy and the likkle encashment dem get was tantamount to namming out them life savings as some barely recovered thier principal and some none at all
If His own words are to be believed he was taking in ppple money when he knew the fund was in trouble
Forgiveness GOOD! The Truth and Genuine Steps to Redemption even Better !
jonothan said
chilly @ 136
what do you mean by saying i am being cynical? i am talking from experience !! i have been bitten quite a few times so of course i am shy & as the saying goes “once bitten twice shy”. ask the WW people about the christianity business mixed with their thing and the other one with the women as principals !!
PEI said
Chilly me respect your posts most time. but listen me really cant agree with the part about him enjoying the fruits of his labor as is not his labor but people hard earned money. Even so look how much people work hard and when problems reaach them they have to sell there property to pay off debts, worse if they were sued then they lose everything. DS make things get to this stage so yes nothing wrong if people feel him should sell off what he can to make good. Remember is almost a year people waiting and is like no end in sight.
PEI said
DS should sell that 2.5Million house, if that is true. He should use what he get from it to make small payments. That would be a meaningful start. He should also apoligise to members for breach of there trust in him. The letter never go far enough in terms of righting the wrongs. When me say people suffering is not a joke business. Him have no idea the desparation some people in sake of cannot getting there money for nearly a year.
chilly said
Sirach @142,
Everything you have could be sold to help save lives. Do you think I have a right to demand you sell everythig you have to donate to the poor? Is this not a matter of personal stewardship between a man and his God? There is a verse in scripture that states, “You shall not muzzle the ox that treaded the corn”. Considering the kind of money that DS has made for others, I have no issue with him enjoying the fruits of his labor. If he misuses what God has entrusted to him, he will pay the price.
Bless said
Chilly:
you in Olint long time and mek nuff money but what about the people who came in last and thought it was an legitimate business who put there life savings in it, only to be holding the bag now him tying to say that he will make back the money in these terrible times of golbal recession – great depression – but he loss money when the waves were more predictable so what is going to happen now?
If you see GOD as the Law and you gain or was given a certain amount of energy to carry out his work but you loss/ quander that energy then you must regain it –
He was dishonest about certain things and it caught up with him
As for people money he gave it to his cronies and people want back their money as I said pickney school – unversity fee lunch money, rent, house money, people energy, hard working people energy and he thought GOD would not intervene The GOD of Justice Shall prevail
DONT YOU TAKE THE TRUE AND LIVING GOD FOR GRANTED
Dehustle said
Just to add my 2cents , yes I too am I child of god , Judge no one but I do remember b4 being saved how sanctimonious pple who called on god only when they were in trouble or thought they had a monopoly on god used to irk me and in fact help keep me away from the church
We have to be careful as Christians not to do things that help turn pple away from god
Can DS really say that the fabulous birthday bash and Lear Jet flights in April were rumors? What of the gambling and casinos were those rumors as well? ( All while pple were suffering for their money )
And the preferential payments were those rumors too ?
Let’s try starting with the truth then restoration and healing will follow
LionHeart said
Best comment from Sirach ever:
“God is not one sided. He works for those who rightfully own the money as well.”
All those who think the have monopoly on God, take note.
Sirach said
Chilly, that money could pay to save lives. i repeat…save lives. Listen keenly….not paint church…not fly pon private jet…..not sponsor jazz festival….not carouse with eediat….I repeat save lives. Medical issues….medication.
If he confessed his sins i can tell you he does that as he goes along. I suppose that is how pastor love do it too all the same.
The letter you get comes for a reason. He will be writing more regularly and more coherantly. In time to come.
God is not one sided. He works for those who rightfully own the money as well.
Sirach said
I have a good one CS. Why ….don’t they get back the contributions they made to political parties? that could go a long way toward medical expenses and food and school fees for the Jamaican people.
2. Why don’t they come back home and live in the struggle with the rest of us?
So many suggestions CS and friends. Once they are in God then that means they are in truth. Short of that is baal.
chilly said
Sirach @138,
Who is to say he has not confessed his sins? You cannot make right without first acknowledging and then turning away from your sins. Why would he need to sell his house? Is it an idol?
DS has committed to the most important issue in this investment, working as hard and as quickly as he can to returning the members investment. Do you require more than this for yourself?
PipUNIT said
Dear Club Members,
Let me start by sincerely apologizing to each one of you for the absolute lack of communication on my part with you the members of the club. This has definitely not been my desire but due to the money laundering allegations in the Turks and Cacios Islands directed at me, Olint TCI and TCI FXTraders it has been impossible for me to communicate with you.
I want you all to know that I am aware of the extreme hardship that every single OLINT club member is experiencing due to the position the club is in at the moment. I am aware and deeply sadden by this for as most of you are aware my intentions have always been good and about creating a better standard of life for all involved directly in Olint along with Jamaicans as a whole. I am devastated at the moment that anything that I am involved in can be causing this hardship to so many and I remain one hundred percent committed to not resting until this extreme situation is resolved.
Further I want you all to know that I truly understand what each and every one of you is going through because my family and I are experiencing it also. I know that there are many rumors out there that would contradict my last statement and that is exactly what they are vicious rumors. I urge each and every one of you not to be blinded by the rumors and to weigh in your own minds the things you hear and see them for how farfetched they are.
Once again I stress that I am doing everything in my power to rectify the situation that we are all tied up in and I am not alone, this situation has brought me back to my first love as I have had to go to my knees and seek Gods face.
Remember ALL THINGS ARE POSSIBLE THROUGH CHRIST JESUS and I sincerely believe with all my heart that with the Lordsʼ help all will be resolved. I also believe that this is a time of reflection for us all and that we should listen to see what it is the Lord is trying to tell each of us as we endure this situation.
My wife and I (yes we are still very much together despite the rumors) from the bottom of our hearts want to thank all you club members who have been patient and supportive during this terrible period. And for those club members who have not been, I just want you to know that I understand fully why, and I once again stress that I feel your pain and am doing all that I can to resolve things as quickly as is legally and humanly possible.
I pray for all club members that the lord will give you his peace that passes all understanding, and that the Holy Spirit will bless us all with patience. May the Lord keep each and every one of us as we stand on his promise not to give us more than we can endure .
Sincerely
David Smith
Copyright 2008
Contact: c/o 876-978-4352, Fax: 876-927-9175 | Email: clubmembers@overseaslocket.com
Sirach said
CS
Can you ask the scamist to turn back time and also open up Honduras goal mouth wide wide so that Mexico can put in dozen or so goals on behalf of Jamaica?
Alright, hahhahaaa..alright meaningful discussion:-
Why does DS not just for the moment begin his revival in the most high by confessing the sins? Is that not a good start. And why does he not make right the wrongs so he can live in christ with aclean slate. How about selling a US$2.5 million dollar home that he lives in.
We have many solid suggestions but we await the stamp of approval from you CS…..but of course you ignore all my blogs….perhaps one of the others can whisper my suggestion for your consideration….your eminence.
Sirach said
“As bad as everyone think WW is at least Stratchan made some pay outs.”
PEI a whaddat? Stratchan see a bailiff and seh him name Michael Harris….now when a guy lie bout him own identity…..wait…let’s think about it….when a man lies about who he is…then what kind of lie is out of his range? What kind of conscience does such a persaon have.
You see when you come decent and they act like that? Then the next time you see them you just fling the summons in them face.
Then the great moral majority says oh..starts to blur the roles of the decent and the wicked. That is life.
chilly said
Jonothan,
Why be so cynical. In acknowledging a need to return to his “first love”, DS is simply acknowledging that his life was not on the right path. His new found commitment will be validated when he returns members funds, as promised.
Lionheart,
If he truly returns to his “first love”, he will adhere to the scripture that teaches, “owe no man nothing but to love one another”
Sirach,
I pretty much ignore your posts; one because they make very little sense, and two, because you have very little to offer in turns of positive input or meaningful discussion.
Sirach said
Chilly,
Good news…..or same old news. Did Sirach not say to you on this blog that the goalpost was on the move? I wish they could have moved Honduras’ goal post with the same propensity.
By the way sanctimonious blog…. it is not nice to hide things…like truth especially….even if you’re into that version of christianity.
The letters been over the e-mails and the other blogs since early in the morning. So don’t bother to hide the truth…after all we would not want your superior conciences to degenerate.
PEI said
Thanks Miss Paige.
jonothan said
my point exactly lionheart only you were more diplomatic than i. lol.
LionHeart said
What the ^$@%^&*(#@ Claat does ….returning to his first love, and renewing his relationship with Christ… have to do with people’s money?
jonothan said
i am not lying, whenever time i see people in certain positions draw the christian card i know for certain things are not good. thanks for the match results rabbit.
chilly said
Many naysayers will still find reason to be negative regarding David’s remarks, but for the many members of the household of Faith, who are the foundational members of this investment, we are more than delighted to hear David talk about returning to his first love, and renewing his relationship with Christ. This is good news, hopefully there is a lot more to come.
Rabbit said
From the Observer
Turks and Caicos court to rule on assets of Olint’s boss
http://www.jamaicaobserver.com/news/html/20081119T230000-0500_142804_OBS_TURKS_AND_CAICOS_COURT_TO_RULE_ON_ASSETS_OF_OLINT_S_BOSS_.asp
Rabbit said
CS @127
Got it. Thanks CS.
Rabbit
CS said
To all Olint investors, David has posted two notes on the olint website (Dated Nov 20, 2008). Check them out. Don’t post anything here as too many bad-mind people read this site as well.
Paige said
PEI
I haven’t heard anything from UWIN. Cell phone nah answer, nothing. I even sent a thought provoking email directed to Mr Williamson to every email address I have from uwin. No response from him but a response from a Yasmin which didn’t say much. I asked her to forward the email to him. Still haven’t heard anything. All I can say is this man have no conscience. As bad as everyone think WW is at least Stratchan made some pay outs.
Tony Williamson is a wicked man and I don’t care what anyone wants to say. It’s his greed that contributed to our money being lost. Instead of coming clean regarding the loss of some of the funds, he covered it up and probably lost the rest. He assured me at the end of June our principal was safe so I want to know if that was true why would he be sourcing funds. I use to think Tony Williamson was a honorable man. Up to November 11, 2008 I thought he was a honorable man but he is nothing but a conman like the rest of them and I will be very open about my investment experience with him to all who will listen.
Sirach said
The lewfam thin is sad. I have no doubt they will find some of your money to pay for the new set of cases against them in Florida. I told my blogger bredrins over and over…the only thing con people like these respect is the prison door creaking.
Unno have time a listen to bank loan argument….on whose credibility can a known con man e.g. Lewis get a loan?
I told my people I would not take it through the end of the year. So I pay with my own and from my concience. You should demand this from the feeders you are with. They talk a lot of talk….no walking…..remember months ago my blogs about “Actionable Christianity”…..you are watching it right now with me and my people. I sorry I can’t help the rest of you…my God them wicked!….The rod of correction coming for them though……a pickney we defend….we have no rival there…bless.
Rabbit said
Jonothan @123
My hubby heard that they won the game but they are knocked out since Honduras won.
reaggeboys fan said
2 love in favour of jamaica, honduras leading mexico, so we need to score more goals to qualify
jonothan said
anybody have any word re the reggaeboys match today?
PEI said
him nuh have nutten stash whe somewhe?????
chilly said
PEI @114,
From what ???
PEI said
PipUnit thanks. I hope they dont turn and do a UWIN. They said they get approval for loan from a bank and due to problems the money late. then on Nov 9th they say the bank say them cant lend them again but they will try other sources. Is like evryone just giving us a 6 for a 9. Paige you hear anything further?
tia said
I guess Lewfam is keeping their story consistent. I do hope and pray that I can get back my principal soon. The sooner the better , if Lewfam say next year what can I do? The blog helps me to keep my anxiety level down.
PipUNIT said
PEI, when i called yesterday they told me pretty much that David Smith’s case was adjourned til Jan 9th and the only way we’ll getting money seperate from his case concluding is if their line of credit that they have been approved for is released. One girl told me that she though by december they would have it. Then another lewfam person told me by Christmas. So i pray that what ever is holding the money up with the line of credit that is be resolved and the money can be released.
Babaroots said
PEI u see it. Even a thousand would a help me ALOT right now. Heck gimme even $500 and ill be so happy and good for the XMas.
waiting in the wings said
I have not posted in a whie but i believe that the emotions of persons including myself are at an all time low. however it is funny how we as humans deal with our depression.
Some will fight it tooth and nail never acknowleding that it exists.
Some will acknowledge and accept and move on
Others will do an ostrich
Others will seek spiritual help and guidance
Others will wallow.
whilst im no psychologist i do know that emotions are not to be laughed at. How dare anyone think that their method of dealing with whatever life throws at them must ring true for everybdy else.
Allow people to be people with their varied emotions and their varying ways of dealing with such . No man knows a next man heart, each man carries his own cross.
The blogs have proven to be a source for people to vent, me personnally read when i have time but i also try and catch up when i dont.
I find them entertaining, informative and as we know a drowning man will clutch after straw so they are my straws.
So lets ease up on each other because truly no one owes anyone on the blogs a damn. your anger, sarcasm, disbelief should be directed at those who took your money and gone.
So lets band toghether for those who really want action and not willing to sit and wait till action reach dem and fight the skullduggery that they have unleashed on us.
PEI said
PipUnit or Mercury V did you get anyword from LewFam that they paying any money soon?? please let us know. Miss Paige or Miss P any further word from UWIN?? dem people nuh see seh gas a tek up people belly and white scwaal ah tekup we mouth corner???
Chilly what stopping DS from paying a smalls before Christmas. You know that if is even a a thousand or 2 that would help nuff people. Sirach you in the know, you mean to say DS cant even payout a 2Thousand to each member?
jonothan said
i wonder if some people are really lawyers seeking to drum up business for themselves or their relatives? hhhmmmmmmmm.
Sirach said
Can’t spell out everything. Have to leave the window open for the honorables. The window closes long before Jan 9th. patience Red P….you will soon get it.
The people in question understand the “riddles.”
RedP said
PEI@110
Yow bredren, when Sirach give you a cheque beg yuh borrows nuh??!! HAHAHAHAHAHAHAHAHAHA!!
Love and Peace
RedP
PEI said
RedP me read over the next site and from long time did feel that Sirach is the same blogger name harbourshark. But him say he will be paying people for Christmas..Sirach!! me is one of your piglets..do send me a cheque, my pocket bruk is a shame.
RedP said
Hey Sirach, why is it that you post in riddles, is there a reason why you cant talk it straight??
Or is it just to fool up duncebats like me?? Or to prey on ppls emotions?? Is there some
gratification that you get out of it?? There must be some reason, what gives?? Is it to get ppl
irate, like Rob from the other blog?? Yuh a real harbourshark fi true!! LOL
Peace
RedP
Sirach said
A debt bailout can’t help him now Smithy. He says he can swim so let’s see.
Sirach said
One by one they will be removed then it will just be me and you. Ready?
chilly said
It should also be noted from the RJR article, that the case was not rescheduled to January 9th, but was to be decided on that date.
Sirach said
Many of you will remember when I asked for the info publicly. Subsequently I also did it in private.
Any of you want to send me proof. I would love it because that target is a bigger tree and easier for us to work around….after all the bigger the tree the harder the fall.
Lee Chin, Smithy and local moguls all added together can’t “net worth” near who we have brought to book in the past.
But until such time as the “proof” remains hidden then I can take no action there.
debby said
what’s the “daisies” up to notice a communigram in October any body can shed some light?
Sirach said
Nice Jonothan,
If it were Lee Chin that was not giving me my money he would have a hard struggle with me. Probably more than Smithy would get. Although I met Lee Chin in 76′ before I met Smithy me and him never par.
If Lee Chin has caused the problems I would like the proof. Then we could do something. We take on all comers. Irreguardless.
Problem is that I asked for such proof of the allegation and have not been provided with it. So the buck stops where it stops.
jonothan said
seems like i started a war in here,lol. just to digress just a wee bit more people.please bear with me.quite interesting
http://www.jamaica-gleaner.com/gleaner/20060313/business/business1.html
Olint-for-life said
Thanks Rabbit @99
I was looking and wondering when they were gonna post this news item on their website.
Sirach @95/98, what a gwaan. Everything cool.
You dun know seh is only facts I man a deal wid.
To everyone, gwaan keep the faith.
Sirach said
Thanks Rabbit
Rabbit said
PEI and friends….hope all is well on all other fronts.
Sirach @98 – here is the RJR link http://www.radiojamaica.com/content/view/13369/26/
Night
Rabbit
Sirach said
Olint for life
That must have been in camera. The RJR website says nothing so far.
PipUNIT said
Lewfam Members need to UNITE. Any time i call i will post what they tell me on this blog. If others do also maybe we can get some sort of clue what’s going on. Desiree is one of the people that’s worth speaking with at Lewfam. Keevan and Jennifer seem to no nothing about anything.
Sirach said
Kizzy
I can’t tell you how they think. But i do hope they live happily ever after and that they return the money. Better late than never. The consquences for the delay can not be reversed by any payment but getting the money would be good.
then I would truly want them to live happily ever after with all God’s richest blessings….AWAY from me however thanks. They are rude and arrogant and I don’t think paying out will change that…..some people don’t understand there are things money can’t buy.
Anyway enough speculation the stolen assets have yet to be returned so let us not jump the gun.
Can we get a link to the RJR report? What about the three Breakfast Club interviews? We get some interviews and not others?…hmmhmmmm.
Sirach said
PEI did Sirach not say he was wrong on Obama? Did Sirach not say that he himself voted for Obama?
If the case took place on Monday the 17th then it must have been in chambers or something because it was not on the roster or not easily seen. I wonder if RJR can clarify that part?
Ask Lewfam if they have been sued so I (we) can see the answer given.
You have a good point PEI about who we listen to. If we listen to people who can not produce people’s money and if we listen to people who are being sued then…we must take them with a grain of salt.
CS said
Sirach, you obviously have a major problem. Every thing on this blog is hearsay until it is proven factual in a news report or each of us personal see it ourselves. So, Sirach, until you can so proof (New report, Signed Document, etc.), all your statements are hearsay. Are you by chance Jay born again to torment the concerned investors?
PEI said
People people dont get your hopes up but careful who you listen to. The hearsay can cause disappointment. Some say they are in the know but it look like they dont know what they dont know.
Anyhow Sirach, you said that Obama wasnt going to win? how the election did go again?
People me still here but just not fretting up myself again.
RedP big up and you too Sister Rabbit and Miss P.
Olint-for-life said
RedP @79
RJR News (5pm) just confirmed that Olint’s case was heard yesterday (Nov 17th) in TCI, and that the case has been postponed to Jan 9, 2009.
So RedP, what you heard has some merit.
rondy said
Sirach,
if your intentions are noble, and I sure hope that is, why don’t you communicate clearly.You sometimes contradict youself. One minute you speak with such confidence about what you know, the next time, it’s hearsay !! I don’t need to trying to fix a puzzle right now. Like everyone else, we want to know the truth. If you know so much….let’s hear it
PipUNIT said
confirmed with lewfam that the courtcase has really been ajourned till january 9th. The line of credit is our only hope.
kizzy said
Sirach
Does DS really believe that he and his crew will all live Happily Thereafter?
Fancy D said
I have decided to file a Civil Suit against WorldWise. I was told that I can do it here in the US. He resides in the US so I can do it. Even if I have to take him to small claims court and get him there for the maximum $10,000. I want to see this man face to face. I want a FACE OFF. Its time. Because I just came off the phone with WW and their story dont make sense.
I am being told now that….the money that you invested with is not what they are goinng by to pay you off. They are going by what your balance was as of April. So when you might think you are in the SECOND batch you might be the LAST damn batch to rahtid!!!!!!
Sirach said
If I added my hearsay many would breakdown crying. So I don’t.
Sirach said
No Red P.
With all respect my blogs are not hearsay.
RedP said
Sirach @ 84
If you notice I said anything right now is hearsay, that probably includes your post as well.
Peace
RedP
PipUNIT said
Enough of the speculation. If you really know something about the court case then prove it. LewFam told me yesterday the case was back on for Monday and Tuesday. Now if that’s a lie then someone lied to them. I have heard nothing of an adjournment till Jan 9th.
Sirach said
“Court case adjourned to Jan 9, understand that Judge is getting p-oed and ready to dismiss”
A court date that never occurs on November 17th is adjourned to Jan 9th. Interesting Red P.
This is worthy of further investigation. Let us speak to DS and he will explain. After he does we will know that Sirach is an idiot.
Next goalpost move scheduled for Jan 9th 2009. Translation: “Do not bother us for Christmas.” Time waits on no man. Payment problems started in 2007.
Thank God that Olint and its followers do not have a monopoly on goalpost moving. Much will happen before the 9th of Jan.
Sirach said
There was nothing EVER scheduled for the 17th or 18th in the TCI courts. The person who let out that rumour was DS. The courts had no record of anything scheduled about that matter. monday was Misicks Divorce. It is no secret that many here work for DS. It is no secret that many say court cases will take five years and more. Fine with me because as in all things I will dictate the time. If Olint wants to take it for 5 years then I hope they have 15+ to spare. Simple. If DS wants to be sardonic towards civil cases then we will dish out the criminal ones. If DS wants to say he runs Jamaica or TCI or Britain we will temper his delusions with reality.
If DS want to run then so be it I will be there. If the crowd want some argument like 9 months let them feed pon that. Who want to be impressed then let them be impressed. Who can swim let them swim. Who cannot swim stay pon dry land then.
You know who goes to the commission shortly….if DS thinks he can stomach that…then that is his choice.
Lewfam have case against them…..WW get served the summons (even after he tried to evade) other feeders getting sued.
Sirach tell unno pure truth and you fight him down ….no problem…the truth get proven again and again as time passes….I know it can’t feel good every time the man you fight down gets proven correct.
The brainwashed label cannot be a comfortable yoke to bear.
Yes I have been very very lenient with mi longtime bredrin but who knows. I hope he gains some sense to understand that it would not be wise to make me upset. He knows this anyway.
The real social problem is how many people have to first say “I only have alittle thing and I told others not to put money in…”
SO WHY YOU WANT TO KNOW ABOUT OLINT THEN? Your insecurity is revealed….as well as your hypocrisy.
I suppose the usual suspects will come on and bring the fight about Olint to me personally. Go ahead.
I have a question though for the bloggers:
What would you do if March came and you did not get paid in full?
PipUNIT said
Lewfam says if the courtcase goes in DS’s favor that us the lewfam members will receive our PRINCIPAL and that next year the interst will come. The comment above about the court case being delayed to Jan is that true???????
chilly said
K @74,
Without hope … we are simply hopeless.
“Rejoice in hope, endure in suffering, persist in prayer.” – Romans 12:12
RedP said
DRIVAH!! CONGRATS!!! 400,000 Hits!! Gwaan go dweet, even though this bus slower den di fuss one
dem it still tallawah!!
Nuff Respect
RedP
RedP said
Hey folks, happy b’day to all you November ppl. I’ll keep it brief.
Court case adjourned to Jan 9, understand that Judge is getting p-oed and ready to dismiss.
Also heard that payments scheduled to start March 09. As you know, dont take it for gospel cuz
anything right now is hearsay.
Love unnu, hang tight ppl!!
RedP
jonothan said
so no one out there able to confirm case went to court or not or any rulings?
chilly said
Patricia @75,
I am not really sure. I hear he is torn between making a partial payout to the members (possibly 10%), and retaining as large a port folio as possible in order to rebuild the account fairly quickly. In any event, his status with the DOJ will be the most important. They were supposed to have frozen his FXCM accounts while looking into possible money laundering charges back in July. The question is, whether or not the investigation was extended to include his OANDA accounts as well, and can DS still access the accounts.
jonothan said
dehustle @ 70.
why do you think my question was aimed at anyone in particular? yu love di mixup ting eenh boss? as usual some people fail to deal with the issues presented. kudos to those who do and facilitate constructive dialogue.
Patricia said
Chilly, just for the sake of argument. Should there be positive outcomes for DS/O this week,what precisely do you expect to happen within the next month?
I think folks have been on such a roller coaster that it is best if expectations were kept to a bare minimum or to naught, pretty much like the communication members have received directly from DS & his lawyers.
Oh, btw Dehustle, I dont think the fippliers, you know the ones who “fipple dem money”, should even be in the mix.
And where is PEI??? It seems that UWIN’s latest communication has finally done him in. Crooks crooks crooks!! Cant say we didn’t see that latest update coming, as these people are using the same script.
K said
Chilly……lol lol…..you are fill of HOPE for the yuletide season
chilly said
Hopefully we will all receive some kind of relief before year end. Higgins Warner is issuing checks (hope dem good), MayDaisy requesting source of funds in lieu of payment (hope dem pay), and OLINT on the verge of getting back to business (hope dem win).
K said
Dehustle,
yuh a mi breddren but I hope you made a type about “Olint case was Nov 17th”
Today is Nov 17th
so it couldn’t be in the past….
All of this hear say just remind me of Greggory Isaacs tune “Rumours dem spreading”
stimu said
Has anyone being paid by HG yet?
Dehustle said
Jonothan @ 59
but just to humor you as DS may be reading wink wink
I know your question is really is for Pat
Pay outstanding encashments first (in tiers based on value )those pple probably had a reason need why they had encashments in the first place
Ppple who neva benefitted from any gains at all i.e got no encashments or thier encashments still less than what they put in
The Million $club who in itfrom 2004 and fipple dem money alredy and all that left there is interest (Last )
Dehustle said
Pipunit@ 61
Heard That Olint case was Nov 17th and thats why was calling for a day of prayaz earlier!
chilly said
I think it was either the 18th or 19th of November.
PipUNIT said
Does anyone know when the Olint case is supposed to be heard? Chilly you made a comment that olint believes that the case will be thrown out, that’s good. Do you know when they are supposed to hear it? I thought it was late this week but i’m not sure exactly.
Patricia said
As a doting Mom of two children, both born in November, I know that chocolate eating, wine drinking day in February have something to do with November births. I’m ah jus lettin’ ya’ll know. My eldest just celebrated her SWEET 16 and I feel Ole Ole Ole, which the younger one tells me I am
I only hope none of you daahlin November ones stubborn like my two delights
Hopefull said
according to the past requests made on a 1st come 1st served basis
jonothan said
just to digress a wee bit.
assuming you were DS, & assuming what we have heard re his intention to wind things up as at 31 may date numbers were true, how would you pay clubmembers? (a) according to the past requests made on a 1st come 1st served basis (b)alphabetical order (c) smaller amounts 1st or (d)those initiating lawsuits beng paid last? let us hear how you would do it people or any other formulae you may have, who knows, perhaps DS is reading this right now !!!
Stranger said
Can we please catch up on how we can get back our money from the various “investment schemes” ??
Anyone know whats happening with WW, Olint, C-, SwissCrash.
I particularly interested in WW
tia said
Thanks u all. Happy birthday to Overchill.
Rabbit said
..just catching up on the other posts…
Happy Belated Birthday Tia. Glad you enjoyed the day. Hope the days and years ahead are filled with joy.
Rabbit
Rabbit said
Happy Birthday Overchill!!
Wishing you every blessing today and always.
Rabbit
Overchill said
Nuff birthday in November. It’s mine today
jonothan said
happy birthday everyone having birthdays today and tomorrow !!!
Comment said
Happy Birthday Tia ***
May God bless to see many more and i hope that things work well for you and all in Lewfam.
comment
tia said
I too celebrate my birthday in November. On the 14th I got up and totally forget my birthday. But the peoples in my life did remind me it was my birthday. I guess I am so caught up thinking about my money in Lewfam. Today I was taken to Red Lobster for a great dinner, like you Comment I wish it never ended.
m said
hey every one olint website is back on line
Comment said
Hello All thanks for all the wonderful Birthday wishes it was spent at the Cheese Cake Factory I had a great time but i gained an extra 7 lbs from eating all that cheese cake:-) i wish it never ended!
All the best.
Ram said
Madre on November 17 is that a trial date?
Madre said
I agree Dehustle, AMEN!
dehustle said
Praying pple
November 17 is a day for prayaz not necessarily in di name of DS but for the pple who are in need to get some relief
Thx
chilly said
PipUNIT @47,
Your info on LewFam and OLINT is probably as accurate and current as anyone else knows. LewFam has a last minute hitch with their financing, and OLINT expects the judge to throw out the case when it is heard (barring any new evidence against them).
PipUNIT said
A friend of mine called Lewfam and they told him the the line of credit is coming from a European bank and that lewfam has been approved but is held up. Not sure if they are trying to catch a swing in the forex market before they transfer the money since i assume the money will be converted back to US Dollars? Not sure. Hopefully we’ll get money from either that source or the DS trial will end soon. They told me that his case should be over around the 22nd and a rulling should follow. Does anyone know more about what’s going on with DS’s court case?
tia said
I heard from Lewfam yesterday. Things look promising ..a hope dem nah mek up story tell mi.
Sharonette said
Brace yourselves…..HW seems to be making payments via FEDEX as promised.Lets hope the cheques go thru. I guess those of us who did put in some money are waiting to see our names