David Smith withdraws $20m from local accounts

The Sunday herald of November 22, 2009 reported that David Smith had removed $20m from a local financial institutions, while not taking the institutions involved.
There has been no freeze on his local accounts despite the fact that he ran and ponzi and stole millions of dollars, as local Olint investors have failed to take any [...]

Stunning new development in the Capital Blu Forex Case !!!

The prominent forensic accounting and consultancy firm Lewis B Freeman has been placed into receivership. So who is Lewis B Freeman.
This was the firm which was appointed receiver for Capital Blu Management, which is the Donavon Davis Jr. led forex trading outfit which ripped off its clients almost US$17M dollars.
The receiver in his last report [...]

CashPlus Loot located !!

The liquidator Hugh Wildman is reporting that his team  has located just about US$25M ($J 2.2B) in a overseas account owned by Carlos Hill and his brother Brethram Hill, and that the funds have been frozen.
In a gleaner article published today, Mr Wildman is reported to have said that investors could indeed have a merry [...]

Will the former DPP respond to the Deputy Director of FSC challenge ?

Former DPP, Kent Pantry in a speech that was covered by CVM seemed to indicate that the FSC had some responsibility for the collapse of Olint. See his speech at the following link:
http://docs.google.com/www.utech.edu.jm/News_Events/51stAnniversaryLecture.pdf

In response the deputy director of the FSC, George Roper, wrote a letter to the Gleaner: See letter at the following link
http://www.jamaica-gleaner.com/gleaner/20090417/letters/letters2.html
In one [...]

Cash Plus Investors to recoup as little as 5 cents on the dollar

In keeping with what many of us have been saying as it relates to the possible recovery rate of investors who invested in the AIS, the observer is today reporting that CashPlus investors could recover as little as five cents on the dollar.
This is close to the figure which many of the “detractors” have been [...]

Olint investors urged to come forward

Today we were greeted with the news from the liquidator out of the TCI, who was lamenting the fact that many persons who have been defrauded by Olint TCI have been reluctant to come forward with their claims.
ISLANDERS who ploughed cash into scandal-plagued firm Olint TCI are being urged to submit their claims if they [...]

Bill Clarke and Scotia, a case of greed gone too far?

The current battle between former CEO of BNS and BNS Canada is really getting ugly and will turn out to be a very costly process.
Is Bill Clarke justified in putting up such a fight to retain his “dignity” or should he just have taken the offer from Scotia and ride off into the sunset.
Is this [...]

Who really is Noel Roswell Strachan

Investforlife as part of its ongoing investigation into the UFO’s has come across another bit of interesting information regarding another UFO operator.
This time we have decided to focus on Noel Strachan who is the lead principal of Worldwise Partners.
36 year old Florida resident Noel Roswell Strachan was so broke 7-1/2 yrs ago , that he [...]