Cash Plus Payday ?

We have learnt that US$75M has been located to pay out immediately and US$15M is to be paid out next week.

If true this would be a massive move for investors who lost so much.

I am however very skeptical and is of the view that this may be Carlos Hill back at his old tricks

http://jamaica-gleaner.com/gleaner/20130308/lead/lead1.html

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11 Responses

  1. Didn’t Carlos Hill declared all his assets worldwide to the Courts back in the 2008 time frame? If so, where is this US$$75 million coming from and wouldn’t this be considered “concealed” assets that were not disclosed and hence, additional criminal charges being possible?

    I find it hard to believe that Carlos Hill had US$75 Million from investors hidden in some oversees account/foundation, when investors’ funds were used to purchase properties, pay accrued (false) interest and meet ongoing withdrawals. He lost over US$10 Million alone with the Hylton Hotel Deal.

    Would love to hear where the US$75 Million and the other promised US$15 million came from to begin with. Unlike jay, I believe it would be foolish of Hill to perpetrate another fraud on the court at such a delicate stage of the trial if he cannot produce the promised funds. Interesting period lies ahead and for the investors, I hope the US$100 million materialize.

    • I am almost 99.9% sure that there is no money in any” foundation” out there.
      I would love to be wrong for the sake of Cplus investors.

  2. If you invested in Overseas Locket International Corporation, OLINT Corporation, OLINT TCI Corporation, Ltd. and/or TCI FX Traders, Ltd., between February 3, 2005 through July 15, 2008, inclusive, you may be eligible to receive compensation from the United States Government. http://gilardi.com/DSMITHRemissionFund/CaseDocs.html

  3. That clip above is worth so many precious treasures.

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