Invest. Clubs Archive 7
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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