Nation Wide News is reporting that a letter allegedly written by David Smith is confirming that OLINT is Broke. In the alleged e-mail the following comes out.
- David Smith overstated gains since 2006
- Olint has collapsed
- Drafted but never sent…
- Poor Records kept
- Person overpaid
- 50% traded
- Claims it was not a PONZI
- Wants one year to pay back, at a rate of 15% per annum
- Asks for forgiveness.
David Smith now denies writing that e-mail…
However later in the radio program, David Smith calls and vehemently denies that he wrote the letter. David Smith asks why would he send his wife an e-mail when they live in the same house?