The liquidator of Olint has schedule meetings for defrauded investors next week, February 8, 2010 at the Jamaica Conference Center.
He has indicated that the only persons who can attend are those who have filed a claim and have been contacted by the liquidator via email or otherwise to confirm their attendance.
Many persons are suspicious, as they have indicated that the liquidator would have had their files and be as such would have been aware if there are a bonafide investor or not, so why the need for these pre-conditions.
Some people have asked me the following questions?
1. Are persons from the Inland Revenue Dept going to be on hand
2. Will agents of the fraud squad going to be on hand
3. Will ‘investors” be identified on arrival at the center i.e. will John Doe be required to prove and then sign that he is in fact John Doe.
I have no idea what is likely to taken place at the door or inside the venue itself.
One question investor should seek an answer for is, what has happened since the expiration of the injunction that was filed in the Supreme court which sought to froze DS accounts.
Was there a second injunction filed and if not why not. Also since if one was not done, have the funds been since moved to a number of other offshore accounts
A new Olint group has been formed to “protect” the interest of Olint investors.
The groups website which is still under construction can be found here.
Further update – Feb 9, 2010
The liquidator has stated that the only persons who are likely get back anything, would be those investors who deposited funds directly to Hallmark Bank & Trust Limited in the Turks and Caicos Islands between the period April 2006 and July 2008 and had entered into a Private Club Members Agreement with Olint TCI.
On the other hand those persons who were forced by David Smith into signing the Private Club Members Agreement with Olint TCI would be left penniless.
This is a very cruel blow to Olint investors who had gathered at the Jamaica Conference Center hoping to hear some good news on their money.
There are some unanswered question
What was the real purpose of this meeting?
Why did the liquidator need to come to Jamaica to tell the investor in Jamaica that they would receive nothing?
Is there a hidden agenda?
I suppose these questions will be answered in the next couple of days.