CashPlus is Cashless !!

We all already know that this was the situation with the cashplus group as it is with most ponzi’s,   no money is left after its collapse.
Last week the Sunday Herald reported that Carlos Hill reported a net worth of J$114M and in today’s subsequent follow-up article has sought to give some more details on the [...]

David Smith issues Statement

While most of us where busy celebrating the success of  the Jamaican athletes at the Olympics of 2008 held in Beijing China, David Smith was quietly issuing a statement dated August 16, 2008. In the Statement, David Smith attempted to shed some light on the current situation. According to the letter, an application has been [...]

Carlos Hill declares $J111m in assets

Cash Plus boss, Carlos Obrian Hill, has declared J$111 million as his personal worldwide assets, which is far below the $4 billion outstanding to clients of the collapsed financial entity.
The declared sum excludes four motor vehicles, which were not assigned a dollar value. Hill’s total assets plus that declared for his companies, amount to [...]

Davis: No Bail-out for AIS investors

The Gleaner are reporting former finance minister Omar Davis, has confirmed his early stance, that there should be no bail-out for AIS investors unlike the situation after the collapse of the financial sector in the 1990s.  The Bruce Golding Administration has also taken the same position, no bail-out.
In an address to the Kiwanis Club [...]

Joel Nathan Ward – Forex to PONZI

This is the story of Joel Nathan Ward.  You can look at the following links
This Interview is very interesting

http://www.modbee.com/local/story/253956.html

Other Links

http://www.sacramentotoday.com/news/templates/community.asp?articleid=78&zoneid=1
http://www.bloomberg.com/apps/news?pid=20601127&sid=aLYrPeCacXMI&refer=law
http://www.forexpeacearmy.com/forex-forum/6339-post1.html
http://chuckgallagher.wordpress.com/2008/04/30/forex-trading-guru-joel-nathan-ward-sentenced-to-nine-year-in-prison-for-11-million-fraud/
http://news.findlaw.com/andrews/bf/wcc/20070419/20070419_ward.html
http://www.crimes-of-persuasion.com/Crimes/Telemarketing/Outbound/Major/Investments/forex.htm

I-Trade Response now available.

The NFa has release I-trade FX’s response to NFA complaints.
At this time we are not able to comment, we will do so later but here are some highlights
Ingrid Loiten
Respondents state in the affirmative that over 94%o of the funds deposited by Loiten were lost tradings.
Gareth Harris
Respondents state in the affirmative that Harris sustained trading losses in his [...]

F1 vs May Daisy (Part 2)

On June 26, 2008, Steve Plamer & F1 investments has filed a lawsuit in a Flordia court against Ingrid Loiten, May Daisy, I Trade FX, LLC, Deutsche Bank Trust Company Americas and Turks & Caicos Banking Co. Ltd.  In part 2 of this article we examine briefly the counts  as stated in the lawsuit.
These are the Counts as [...]

The Story of Financial Plus Investments

In a story all to family, hundreds of people invested their life savings in a company that offered “big returns”. The result is they stood to lose it all as the company, Financial Plus Investments, seemingly disappeared.
The investors in this scheme wasted no time and reported the matter to the local authorities and the FBI. [...]