Olint bankrupt, only US$3m in local accounts.

It has been confirmed that the local accounts which Olint held at NCB and which they were told could be closed by the UK based privy council only contained US$3M.
Given this new piece of information and what we have already received from TCI , it can now be confirmed that Olint investors will most likely [...]

OLINT Accounts at NCB can now be closed.

Tonight news has surfaced that the UK-based Privy Council has ruled that the National Commercial Bank was right when it made the decision to close the accounts of David Smith’s investment club,  Olint.  In the meanwhile there is news that another UFO is being investigated.
After much hassle, it appears NCB has been given the green light [...]

Hot Shot Traders or Con Artistes

Just a few days before the  anniversary of a hot article appearing in the Jamaica Observer on January 25, 2008, we continue to warn people, careful where you put your money.  In this article in the Jamaica Observer, Al Edwards, referred to three Hot Shot traders.  Here is an interesting now questionable quote about David Smith.
Perhaps the [...]

OLINT has Money in the Bank, but enough?

According to public documents obtained by Investforlife, the following is the situation on the Supreme Court Case in Turks and Caicos involving David Smith and Tracey Smith
The restraining order of July 19, 2008 remains in effect. It prohibits David Smith and Tracy Smith from dealing in their assets. It also prohibits anyone holding any of [...]

OLINT Freeze remains

The freeze on David Smith and Olint’s assets in the Turks and Caicos Island(TCI) will remain in effect for at least another two months. This according to information coming out of today’s proceedings at the TCI supreme court. The case will not come up for mention until sometime after March 11, 2009.
Olint direct and indirect  investors were [...]

Long Week-end for Smith & Olint faithful

January 9, 2008 should have been a defining moment for the Olint faithful and the their leader David Smith. Instead the expected ruling was delayed until today January 12, 2008. What is not clear is how much difference a “postive ruling” by the judge in Turks and Caicos Islands will make.
How will the judge rule?
Although [...]

Olint Ruling in TCI delayed

We are receiving confirmed reports that the the Judge in the Olint case, in the Turks and Caicos Islands, has delayed the ruling until Monday, January 12, 2009. This is in order further review all the documents that he now has before him.
If this is true, the Olint faithful and others linked to feeder clubs [...]

January 9th is here…

“January 9th is basically upon us..” echos Cullkull, a member of the INVESTFORLIFE community. He went on the place his bets on what will happen after January 9th.
“My bet is that the carrot will move to about March/April..
so I guess a lot more prayer vigil will keep etc.. but by time March/April come, there will [...]