Investforlife can now confirm that David Smith of OLINT, OLINT TCI and TCI FX among others, has been arrested again. A source in the Turks and Caicos and more importantly the Financial Crimes Unit has also confirmed the arrest.
We now understand that there are additional charges as outlined below.
- 1 count of Theft
- 1 count of Obtaining property by deception
- 2 counts of Money Laundering
He was granted by in the sum of US$ 2 million.
Last week, an Liquidator to wind up OLINT TCI was appointed. An article appearing in the Jamaica Observer today indicated that David Smith apparent fears returning to Jamaica but it seems he is facing more legal troubles in the Turks and Caicos.
OLINT and its related companies has failed to pay investors since at least January 2008. Many feeder clubs associated with OLINT have not paid either.
- Jamaican Olint boss arrested again (Gleaner/Power 106 FM)