There is an interesting development in the Olint,Lewfam and TCI FX saga. A few days ago, a visit to tcifx.com would have lead to a page saying “Under Construction”, today a visit shows that TCI FX is now LewFam Investments. This is very interesting as the tcifx.com now points to the same address as lewfamclub.com.
LewFam and Olint have a history going back. They shared the same location, if not office space, at the time when the FSC raided the Olint in March of 2006. We also know that TCI FX Limited was or still is a partnership involving David Smith and a John Wildish according to TCI FX prospectus. This indeed a interesting development.
Here is a little about TCI FX Traders, from a prospectus
“The Fund TCI FX TRADERS LTD (“the Fund” or “the Company”) is an open ended investment company incorporated in the Turks and Caicos Islands on August 16th 2006 and subject to the laws of the TCI. It is established for the purpose of investing through OLINT TCI which is a FX Trading entity, with the object of obtaining constant above average absolute return through a disciplined investment approach. No person has been authorized to make any representation concerning the Fund which are inconsistentwith or in addition to those contained in the Prospectus and the Directors accept no responsibility for anyrepresentations so made. The Fund will only accept investments which have been applied for on the Fund Agreement Form accompanying this Prospectus.”
The prospectus goes on to say
“This Prospectus is based on the law and practice currently in force in the Turks and Caicos Islands at the date hereof, and is subject to the laws because OLINT TCI operates under the jurisdiction of the Turks and Caicos Islands.”
For the period Jan – April 2008, TCI FX traders reported the following returns
- Jan: -00.96%
- Feb: +0.00%
- Mar: +01.87%
- Apr: -16.26%
In contrast the reported returns for Olint/Olint TCI were as follows
- Jan: +11.44%
- Feb: +7.57%
- Mar: +16.04%
- April + 5.39%*
Update: Later on Friday May 30, 2008 we discovered that the domain name tcifx.com no longer points to lewfamclub.com. Please see related article.
Filed under: Lewfam, Olint | Tagged: Forex, Lewfam, Olint, Scheme, TCI FX | 7 Comments »