Reflections One year later.

July 1-18, 2008 was an eventful period for OLINT investors. This article is a reflection and a re-write of a previous article entitled “OLINT where is the money” .

One year later and many OLINT investors are still waiting. Some are listening and feeling around for something that will let them know that the money is here. Some are have sued or others have not , others are thinking evil thoughts that we do not recommend. Violence does not solve anything. Some have not spoken the liquidator while other OLINT investors have urged to come forward.

Whatever the reasons, greed, selfishness, need or peer pressure, that drove persons to invest in OLINT and other UFOs , OLINT and other UFO investors face a problem of payments being promised and not being delivered, repeated schedules announced and repeated excuses. The excuses given for non-payment have included the FSC, BOJ, NCB, to the now popular one “Due Dilligence” or simply “I don’t know” have all proven to far from the truth. The reality is “Money no deh” and from all appearances
OLINT was nothing more that a glorified PONZI

Court Losses, Arrests, liquidation

David Smith, the OLINT boss has been arrested and charged on two different occassions in the TCI on various counts of fraud and money laundering. The case is up for trial on August 5, 2009. Two of the companies that he was affliated to TCI FX and OLINT TCI have been ordered liqudiated. Lawsuits as mentioned before have been filed primarily in Florida, USA. One of the lawsuits seeks to recover US$2.4 Million which represent principal and “alleged interest”. (see court documents)

NCB was finally given the go ahead to close OLINT’s account and the Privy Council Judges rightly chatised the Jamaican judges for the foolishness that went on.

Carlos Hill has been thrown out of a home bought by Cash Plus investors funds and still roams freely while  his fraud case is before the courts. The Cash Plus liquidation is far advanced and Jamaica investors in Cash PLus at this moment are looking a little better than their OLINT counterparts.

ITrade FX is effectively dead, having been fined $250,000 in relation to not filing suspicious activity report (SARs) relating to OLINT accounts. They also sold all their customers FXCM. The website is also appears to be currently down  too.

Mirage in desert

Flashback to early June 2008, after a months of speculation, some money did appear to flow from the OLINT coffers but only very few persons got any relief. No sooner had the mirage appeared and hopes lifted, it disappeared.

For a fleeting moment it seemed like the detractors would be proven wrong and have to hang their heads in shame. Seriously though, detractors would have no problem saying we were wrong for at least people would have gotten back there money. However, it is sad to see how some people are suffering but it is worst to see people blind to the fact that maybe they are being scammed. Some who have publicly comforted themselves that they ”invested what they could afford to lose”, are now shell-shocked and are silently talking to the lawyers.

When the few drops of money dried up, reality set in and by the end of June 2008, many angry investors were left bitterly disappointed but others found more excuses and refuse to face the possibility that something was wrong and that they had been victims of a scam.

Cognitive Dissonance – Suspension of Reason.

Many Investors simply cannot beleive that their hero would do this to them and have suspended reasoning and rational and are now simply clinging on to faith, despite the overwhelming evidence that something is wrong, the arrests and the liquidation. I understand the term is Cognitive Dissonance.

To understand the depths of denial one only has to look at that letter sent out by Lewfam to investors in July 2009. Clearly the principals of that company are either misled or seeking the mislead.

FOr the christian minded and those who feel so inclined we offer a few passages of scriptures.
For those in need
But my God shall supply all your need according to his riches in glory by Christ Jesus. http://bible.cc/philippians/4-19.htm
God Forgives
For You, Lord, are good, and ready to forgive, And abundant in lovingkindness to all who call upon You. http://bible.cc/psalms/86-5.htm
Walk in the counsel of the righteous
How blessed is the man who does not walk in the counsel of the wicked, Nor stand in the path of sinners, Nor sit in the seat of scoffers!http://bible.cc/psalms/1-1.htm

Some Words of Comfort and lessons hopefully learnt

In the now famous July radio interview, David Smith had said his fingers were crossed. Many Olint Faithful whose faith have been tested and tried continued to look for word of comfort to soothe their troubled souls for much the rest of 2008. In 2009, one year later we can offer no word of comfort as it relates to OLINT and recovery

For the christian minded, and those who feel so inclined, we offer a few passages of scriptures. For those in need, “But my God shall supply all your need according to his riches in glory by Christ Jesus”, Philippians 4:19. God forgives, “For You, Lord, are good, and ready to forgive, And abundant in lovingkindness to all who call upon You.” Psalms 86:5 and finally listen to the counsel of the righteous “How blessed is the man who does not walk in the counsel of the wicked…” Psalms 1:1.

Protect yourself

We invite you to check the following links, as the look on identifying scams and red flags investments.

Reflections:

Advertisements

1,265 Responses

  1. “Police suspect a gang of men ran a fraudulent and unregulated investment scheme offering returns of between 6 and 13 percent a month for up to four years, the newspaper”

    Police Uncover Bernie Madoff-Style Scheme in UK
    http://www.cnbc.com/id/31941293

  2. Denial….

    “City of London Police claimed that the alleged £80 billion ($132 million) fraud was so convincing many of its 600 victims cannot accept they have been scammed, reports said.”

    http://www.cnbc.com/id/31941293

    Common thread Nocotec, denial

  3. Blame others….

    “Some investors have accused police of speeding up the collapse of the firm by freezing its assets, reports said.”

    Another thread….

  4. @JohnDoe

    When I read that, I thought to myself… I bet it must be another affinity scam with Jcans 🙂 . I do not know it is.

  5. So you were scammed and many bloggers here go to great lengths to suggest that you can get your money.

    The same bloggers spend most of their lives on the blogs while through another side of their mouths tell you that it its others on the blog all the time.

    ask yourselves this: If these pro david smith bloggers say that you were scammed and also that you will not get your money and also that you should “move on” then why don’t they move on instead of spending all this time on the blogs watching what happens?

    what are they watching for? what is it? what are they afraid of?

    They are concerned with the inevitable. They won’t move from the blogs. They are always on it. If as they claim there is no money to be had. And if as they claim you were scammed. And if as they profess it was you who caused your own ‘loss’ they ask yourselves why aren’t they leaving the blog and ‘moving on’

    Moving on to where? That is the question.

  6. victims

    So you were scammed and many bloggers here go to great lengths to suggest that you can not get your money.

    The same bloggers spend most of their lives on the blogs while through another side of their mouths tell you that it its others on the blog all the time.

    ask yourselves this: If these pro david smith bloggers say that you were scammed and also that you will not get your money and also that you should “move on” then why don’t they move on instead of spending all this time on the blogs watching what happens?

    what are they watching for? what is it? what are they afraid of?

    They are concerned with the inevitable. They won’t move from the blogs. They are always on it. If as they claim there is no money to be had. And if as they claim you were scammed. And if as they profess it was you who caused your own ‘loss’ they ask yourselves why aren’t they leaving the blog and ‘moving on’

    Moving on to where? That is the question.

  7. If there is no money to be had for the people then why do the “elite” ask him for some on the quiet?

    To have cash to pay lawyers for their inevitable fate?

  8. New thread yes Jay. Soon start “Relections/EXPLANATIONS”

  9. @floridian

    Have you figured out the meaning of a company liquidation and what the liquidator does? He is supposed to identify all Olint’s assets and any whcih Olint rightfully has a claim to… remember how they took CH’s home in the C+ case. Note how the Madoff trustee is suing many different parties.

    Is it that you believe that you have special info about funds or assets that DS has and where it is located? If so, why would you not provide that info to the liquidator? If a olint is in liquidation, explain why you think it makes sense for investors to spend money suing Olint.

  10. It has been quite a while now since David Smith released that last in his series of cool-aid notices.

    It appears that he no longer cares what what his victims think.

    It scares me that there are some Olint “investors” who still hope that Mr. Smith will miraculously pay them back their money after Augast 5.

    This begs the question, what did Mr. Smith ever do to deserve the blind faith demonsrated by these Olinters? What has he done or said (that I am not aware of) to convince some people even now that he has their money safe and sound?

    Is it just the “money” t hey received? Is it that these folks now “know” that Smith is a thief but are refusing to accept that reality? But why is that?

    Can one of you believers explain what it is, at this stage, that gives you any hope that Olint was a legitimate business?

    • Tafari,

      If i were a guessing man, I would guess that many of the people who still have great faith in Mr Smith fall into one of the following

      1. People that benefited from DIRECT contributions from Mr. smith
      2. People that benefited greatly from Olint and in the end came out on top.
      3. People that have both benefited from Olint & interacted with Mr. Smith & brother and as such would have been fed the kool aid DIRECLTY
      4. People that cannot accept that the loss of most if not all of their funds.

  11. I think there was an error in the CNBC Link its said GBP80b that should have read GBP 80m or US$132M

    • @AML

      Thanks for sharing. Unfortunately, except for the FXSOL form, these are just papers with people/companies names on them. Does anyone Have any proof of DS hand writing? -Ter

  12. Title: Golden Locket – Solasoft.xls

    Author: Sulay

  13. Title: Microsoft Word – Standing instructions Credicorp 40,000..doc

    Author: Sulay

  14. Charles Ross is still doing business for Olint in his bank.

  15. Golden Locket – Solasoft.xls

    This is the Sola pdf /LouisSola1.pdf

    Explain the Overseas Locket statement.

  16. Tafari, Nocotec

    If that is so Re: charles Ross (see Northtech) then that would seem to mean that Ross is not going to the liquidators.

    The fact is friends that contrary to hopes and dreams of the criminal minded the $$ in U.S. A not coming into the hands of a liquidator on an island. Ben up yu face and believe Duke of Earl’s interview where Smith claims that funds in U.S.A. are released to your hearts content.

    Now Unbend your ugly face and put down the cool aid float back to Earth and get a hold of reality.

  17. Pictures of everyones favorite emails.

    http://www.olintja.com/images1/

  18. Noncotec

    As a knowlegdable person in “Liquidation” you would know that in the case of cash plus Price just billed and billed and billed. In the Olint case as far as things go in ONE jurisdiction the $13 Mil is really billed out already.

    In Jamaica they don’t worry bout cases (against them) there and frankly not to much of TCI (August 5th is a preliminary hearing)

    But ask them about the U.S.A and suddenly someone say “I have to go use the bathroom.”

  19. Now Noncotec don’t get me wrong (no pun intended) there might be for example a Big Man who may feel that perhaps he can ‘influence’ the U.S.A. But he must consider that if that route is taken and revealed then that’s the end of an illustrious ride.

    Now many workerbees (who consider themselves big Man in their own right, but in reality are only workerbees) have also got their fate tied to the lead of Big Man.

    If Big Man goes for high stakes it’s winner take all. If Big Man says i want to protect my illustrious history and decides not to take the ‘risk’ then workerbees out to fend for themselves. Workerbees never done that before (although they feel they have) but truth is that there is a reason big Man is Big Man and workerbee is not.

    When a Hornet (no pun intended) comes down. workerbee swiftly seeks Big Man frock fi go under. But Big Man not going to give up everything for no workerbee. So when he tells workerbee ‘no problem’ in truth and in the vernacular Big Man has ‘sold workerbee(s) a Gow.”

  20. Or would Big Man impress and put EVERYTHING on the table…….as far as i remember once everything is the on the table its …”CALL”

  21. I note from the Discovery (no pun intended) Channel that a singular Hornet if it becomes annoyed by a predator large or small simply sprays a pheromone (s and the nest knows exactly where to go without hesitation.

    Discovery advises the best thing to do is avoid a nest. but every now and again a brightalec is reduced to a fool swiftly. Such cases rare as they are attract Worldwide (no pun intended) attention beyond the remit and scope of even the Discovery (no pun intended) Channel itself.

  22. Floridian,

    when is the Big Man’s Time to place hit bet?

  23. Pay attention to olintja for the double sting.

  24. Noncotec

    Sometimes workerbees are sent out right into the Hornets nest and they are allowed to return to their own nest. And they feel lucky that they were allowed to return. But if they knew the chemistry and had paid attention to the Discovery Channel more closely (Instead of spending so much time in the Honeycomb repoducing among sweet necatar) they would have know that in their travels to the hornets nest they were sprayed with pheromone and in return ‘home’ they have pinpointed the precise location of the hive.

  25. Unlike many expensive perfumes and scents pheromone hard to wash off especially when you need to do it quickly.

  26. A cell phone is probably the most dangerous thing you can own. Beware what you say because you never know who is listening.

  27. Errand boy, make sure you have your story straight when someone quits/resigns and when someone else gives you a two weeks notices and you play games with it. The double sting?

  28. Cynic

    Can you stomach a raise?

  29. “The IMF negotiations need to be spearheaded by a senior and experienced macro-economist.”

    Not sure I agree Editor. Just because someone is not an economist does mean they can’t command the confidence of the leadership while in Washington.

    http://www.jamaicaobserver.com/editorial/html/20090718T190000-0500_155672_OBS_THE_IMF_AND_THE_DANGERS_OF_UNINFORMED_TALK_.asp

  30. http://www.olintja.com/docs/tci-inquiry-redacted-2009.pdf

    If you want to read the redacted part, just highlight, copy and paste.

  31. Floridian,

    I folded LONG time… I’m just at the table watching the big boys play now.

  32. http://www.olintja.com/trouble.aspx

    This is when the game is too hot.

  33. Jamaica does need a culture of good governance and transparency.

    http://www.sunheraldja.com/2009/07/the-pandemic-virus-of-corruption/

  34. On the other hand, one is disappointed to learn from sources in the UK that the Jamaican authorities have been less than enthusiastic in attending to this matter.

    http://www.sunheraldja.com/2009/07/the-pandemic-virus-of-corruption/

  35. Critics of existing legal situation argue that the current English case law, which is relied on in Jamaica, is clearly ineffective in grappling the spectre of corruption and enhancing transparency and has been used by public officials as a sword to take the fight to the media houses and quiet the voices of dissent.

    http://www.sunheraldja.com/2009/07/sandals-wants-23m/

  36. Nostalgia is now over, back to the norm.

  37. floridian,

    You forgot the part where he wants to fly the Jacksons to Jamaica. Since Smith can’t fly now, Butch is taking over.

  38. I don’t understand how flying and libel/defamation suit are related. ??

  39. I don’t understand how flying and libel/defamation suits are related. ??

  40. “The suit stems from comments made by Perkins on his daily radio show, Perkins on Line on Power 106 FM, between 2004 and 2008 on the sale and nearly US$700 million losses the airline racked up under Stewart’s management.”

    2004-2008? What did they spend the time studying Perkins Online? LOL… I would love to see cartoon on this…

    The implications are great though because Perkins is a man who loves to speak his mind …. Once upon a time Butch use to be a regular on Perkins Online. I wonder what changed?

  41. http://site.olinttciliquidation.com/
    “Please be aware that this appointment relates only to Olint TCI Corporation Limited (“Olint TCI”) which was incorporated in the Turks and Caicos Islands on 18 April 2006. It does not include Olint Corporation Limited, Oversees Locket International Limited or any other entity incorporated in Jamaica or elsewhere that may be linked to David Smith and Tracy-Ann Smith the shareholders of Olint TCI.”

    TCI-inquiry
    Page 30
    notably for the development of Salt
    Cay

    Page 46
    intended to thwart its work

    Page 94
    particularly on Salt Cay
    in Salt Cay
    in particular as to the Salt Cay transactions, pp 3 4 and 19 20, Section B2 (a) and (b), expressing particular concern about a
    number of recent transactions

    Page 95
    up to 12
    hotel
    one is a former PS/Natural Resources, another is
    the Director of Medical Services and brother in law of Hon Galmo Williams
    dated from 2001
    2001
    found in Salt Cay

    Page 96
    on Salt Cay
    in Salt Cay
    on Salt Cay Development
    the
    Salt Cay Development
    the Salt Cay

    Page 97
    Development
    on Salt Cay
    Such an evaluation, coupled with the
    results of other investigations in relation to the Salt Cay project, is clearly a matter that a
    special prosecutor, if appointed as a result of this Report, may wish to consider

    Page 117
    $500,000 from a businessman
    involved in a major development project, who was in the process of negotiating a further
    large development project with the Government, and who received Belonger status the
    same year

    Page 118
    $6 million
    the overseas
    on Salt Cay. The collateral on the loan was the 50% share in the Salt
    Cay Golf Club Ltd agreed by Mr Mario Hoffmann, the developer of Salt Cay, to a company
    􀄐􀅽􀅶􀆚􀆌􀅽􀅯􀅯􀄞􀄚 􀄏􀇇 􀆚‘􀄞 H􀅽􀅶 M􀅝􀄐‘􀄂􀄞􀅯 M􀅝􀆐􀅝􀄐􀅬 􀆐 􀄏􀆌􀅽􀆚‘􀄞􀆌 C‘􀄂􀅯 M􀅝􀆐􀅝􀄐􀅬 􀄨􀅽􀅯􀅯􀅽􀇁􀅝􀅶􀅐 􀆚‘􀄞 􀅐􀆌􀄂􀅶􀆚 􀅽􀄨
    development permission promoted by the Hon Michael Misick himself
    Joe Grant Cay

    Page 123
    half a million
    January 2007
    Turks Ltd, the company
    of Dr Cem Kinay, the developer of Dellis Cay and the proposed developer of Joe Grant Cay

    Page 124
    At the very least, these raise questions as
    to their purpose

    Page 125
    the payment of $500,000 by Dr Cem Kinay, through his company,
    Turks Ltd, to the Hon Michael Misick was a possibly corrupt payment because:
    􀆚‘􀄞 H􀅽􀅶 M􀅝􀄐‘􀄂􀄞􀅯 M􀅝􀆐􀅝􀄐􀅬 􀄚􀅝􀄚 􀅶􀅽􀆚 􀄚􀄞􀄐􀅯􀄂􀆌􀄞 􀅝􀆚 􀅝􀅶 C􀄂􀄏􀅝􀅶􀄞􀆚 􀇁‘􀄞􀅶 D􀆌 K􀅝􀅶􀄂􀇇 􀆐
    proposals for development were under discussion, or to the Registrar of
    Interests or to the Commission; 2) it was paid to him through a third party
    account, namely the client account of his brother and attorney, Chal Misick; 3)
    it was wholly disproportionate to its stated purpose, namely for political
    campaigning, and was not, for the most part, spent on such campaigning; and
    4) it was received from a developer who had a continuing relationship with the
    Government, with whom further development agreements were under
    consideration or being negotiated, and who benefited from Cabinet decisions
    generous to him
    criminal investigation by police or others in relation to
    the Hon Michael Misick into possible corruption and/or other serious
    dishonesty in relation to such and other similar matters in recent years
    Finding and Recommendation 32, at para 4.182 below

    Page 139
    Mario Hoffmann

    Page 144
    even though this was Mario Hoffmann, a
    man with whom he has been involved later in a number of transactions

    Page 145
    and Mario Hoffmann

    Page 149
    a letter not produced
    to the Commission One possible inference that could be drawn from the letter and the
    change of name of the developer is that Mr Malave was still involved, even though his name
    had been taken off the development agreement. The public controversy surrounding his
    other activities might well be the reason why the Government would not wish to be seen to
    be doing business with him. If another developer was the public face of the deal, that would
    have made the process less controversial.
    For any criminal investigator who might hereafter have to look at the story of what
    happened to the Joe Grant Cay proposal there is much perplexing detail. Who was acting for
    which potential developers at different stages? Why the differences in account between
    Chal Misick and Dr Kinay and as to who owned exactly what in the various corporate vehicles
    circling the proposed development? That detail has been closely examined and analysed by
    the Commission, and its analysis will be available if required. I am not going to burden the

    Page 150
    readers of this Report with it. It is enough for me to say that, given the sharply conflicting
    and/or inexplicable accounts proffered by the various players at different stages of the story
    and to the Commission, someone must be lying, and there is a possibility of other serious
    dishonesty.
    Political interference in the allocation of the Joe Grant Cay development permission,
    particularly by the Hon Michael Misick, the sudden changes in developers and in the identity
    of the Belonger partners associated with them, the close links between the Hon Michael
    Misick and those individuals, and the coincidence of a large political contribution to him
    around the time of the initial development grant, all point to the possibility of a corrupt deal
    involving the Hon Michael Misick. This is a topic which clearly requires close investigation.
    The heart of the matter and its history illustrates to the full the systemic weaknesses
    of the way in which the Crown Land Policy in recent years may be open to abuse by
    developers, Ministers and Belonger partners, or fronters, and those skilled in pairing the
    fronters 􀇁􀅝􀆚‘ 􀆚‘􀄞 M􀅝􀅶􀅝􀆐􀆚􀄞􀆌􀆐 􀄂􀅶􀄚 􀄚􀄞􀇀􀄞􀅯􀅽􀆉􀄞􀆌􀆐 􀄂􀅶􀄚 􀄚􀅽􀄐􀆵􀅵􀄞􀅶􀆚􀅝􀅶􀅐 􀆚‘􀄞 􀅯􀄂􀆚􀆚􀄞􀆌 􀆐 􀄐􀅽􀆌􀆉􀅽􀆌􀄂􀆚􀄞
    relationship. All such players in the chain can and do make undeserved profits at the
    expense of the TCI public. The various possibilities for abuse here are to be found in the
    􀄐‘􀄂􀅝􀅶 􀅽􀄨 􀄞􀇀􀄞􀅶􀆚􀆐 􀅯􀄞􀄂􀄚􀅝􀅶􀅐 􀆚􀅽 􀆚‘􀄞 G􀅽􀇀􀄞􀆌􀅶􀅵􀄞􀅶􀆚 􀆐 􀄂􀆉􀆉􀆌􀅽􀇀􀄂􀅯 􀅝􀅶 􀆚‘􀄞 􀄞􀄂􀆌􀅯􀇇 “􀆵􀅵􀅵􀄞􀆌 􀅽􀄨 􀄨􀅽􀆌 􀆚‘􀄞
    sale of the land at Joe Grant Cay at well below market price to a consortium led by Dr Cem
    Kinay for development, to which I shall return in this
    for the reasons set out above, that there is a possibility of
    corruption and/or other serious dishonesty, including misfeasance in public
    office, in relation to the Hon Michael Misick in the chain of events leading to
    the eventual disposal of land at Joe Grant Cay at well below market price to a
    consortium led by Dr Cem Kinay, following the secret payment by Dr Kinay of

    Page 151
    $500,000 to him in January 2007, followed by the approval by Cabinet on 16th
    May 2007, to which the Hon Michael Misick was a party
    At around this time the Hon Michael
    Misick and the Hon Galmo Williams made a trip to Bratislava at the invitation of Mr
    Hoffmann.

    Page 152
    One particular aspect of the development that has caused concern to the Commission
    was the handling of the proposal for the Salt Cay Golf Club. Following informal consideration
    and discussions about the possibility of a golf course, Mario Hoffmann wrote formally, on
    behalf of DEVCO, on 1st August 2006 to the Hon Michael Misick seeking a parcel of land for a
    golf course. He sought, in formal terms, a long term lease of 222 acres for 99 years. The
    letter of 1st August stated that Salt Cay Golf Club Ltd would be established to run the
    course. It made no mention of who would be involved beyond that.

    The Hon Michael Misick showed the letter to the Cabinet meeting scheduled for the
    following day, 2nd August. There had clearly been no possible chance for any formal
    governmental assessment of it in the intervening 24 hours, and there is no indication that
    there had been beforehand. Nonetheless, Cabinet immediately approved it in principle,
    and the Hon Michael Misick wrote to Mr Hoffmann telling him the good news on 8th
    August. TCInvest instructed the Chief Valuation Officer, Mr Shaaban Hoza, to undertake a
    valuation of the site. He placed a freehold value on it of $7.76 million. By 29th November
    2006 the Cabinet had decided following a request for a relatively small increase in acreage
    that they would grant 238.72 acres for the proposed golf course, at a peppercorn rent of
    $1 per acre per year. At the same time they approved the grant of Belonger status for Mr
    Hoffmann. The effect of this grant was to avoid the need for Mr Hoffmann to engage any
    other Belonger partner in the project, since he was now, himself, the Belonger.
    From the viewpoint of Mr Hoffmann this was a very good deal. He had his full golf
    course for a tiny initial outlay, and his Resort development would be a valuable extra
    resource that would make the marketing of the development far more attractive. Even so,
    the Commission has received several representations that the deal was vulnerable to failure
    301 Core Volume 7, tab 3, p 1
    302 ibid, pp 2 – 3
    303 ibid, p 4
    304 ibid, p 5

    Page 153
    without adequate and timely ancillary facilities such as those proposed. And, it has been
    pointed out, given the vast development costs, land for golf courses is frequently provided
    by way of long term lease and at low or nominal rates.
    If long-term leasing at a nominal sum had been anticipated by the Government when
    first considering the proposal in August 2006, it is surprising that TC Invest, in November
    2006, sought a market valuation of the land from the Chief Valuation Officer. Having
    received the freehold valuation of $7,760,000, TC Invest had, on 14th November 2006,
    prepared a memorandum for the lease suggesting a commercial rent of $194,000 per
    annum, calculated at 2.5% of the freehold value. However, the Cabinet did not even seek
    to negotiate on the strength of that valuation. They chose to forego the $194,000 rental
    (worth over $19 million over the term of the lease) and let the lease go for a peppercorn
    rent.
    Salt Cay Golf Club Ltd had been incorporated by Chal Misick on 4th August 2006, two
    days after the August 2006 Cabinet approving the initial proposal in principle and before the
    receipt of the letter from the Hon Michael Misick informing Mr Hoffmann of it. On 15th
    December 2007 Windsor East Ltd, a nominee company of Chal Misick, was appointed
    company secretary and a director, and Stefan Kral of DEVCO became the second director.
    More importantly, at that time the shares of the new company were split 50-50. Half went
    to Mr Ho􀄨􀄨􀅵􀄂􀅶􀅶 􀆐 C􀇇􀆉􀆌􀆵􀆐 􀄏􀄂􀆐􀄞􀄚 ‘􀅽􀅯􀄚􀅝􀅶􀅐 􀄐􀅽􀅵􀆉􀄂􀅶􀇇 T‘􀄞 􀅽􀆚‘􀄞􀆌 ‘􀄂􀅯􀄨 􀇁􀄞􀅶􀆚 􀅝􀅶􀆚􀅽 􀄂 􀄐􀅽􀅵􀆉􀄂􀅶􀇇 􀇁􀅝􀆚‘
    the innocuous title of Business Ventures Ltd. This was another holding company, based in
    the British Virgin Islands, but it held shares for Chal Misick. In essence, he had been given
    half of Salt Cay Golf Club Ltd, and thereby owned half of its assets.
    J&T Banka in Prague, to
    which he had initially been introduced by Mario Hoffmann,
    $6 million. The
    Bank
    ibid, p 8

    Page 154
    The loan was secured on the shares held by Business Ventures Ltd in the Golf
    Club, suggesting that in the eyes of the Bank if it was treating the $6 million as a genuine
    loan a 50% share in Salt Cay Golf Club Ltd was good security for it.
    C‘􀄂􀅯 M􀅝􀆐􀅝􀄐􀅬 􀆐 􀄞􀇀􀅝􀄚􀄞􀅶􀄐􀄞 􀆚􀅽 􀆚‘􀄞 C􀅽􀅵􀅵􀅝􀆐􀆐􀅝􀅽􀅶 􀇁􀄂􀆐 I was invited by the proponents to get
    involved, referring, as he explained, to Stefan Kral. He said that he had been involved as
    an attorney, and had negotiated with the architect on behalf of Salt Cay Golf Club Ltd; and
    that those activities had led them to invite him to become further involved in about
    November or December of 2006, shortly before allotment to him of 50% of its shares on 15th
    December 2006.

    Chal Misick said that he had had no dealings with Mr Hoffmann, only with Mr Kral.
    This is contradicted by a letter from Mr Hoffmann to the Commission of 12th January 2009,
    addressed originally to the attorneys for the Hon Michael Misick, stating:
    I 􀇀􀄞 􀄂􀆉􀆉􀅯􀅝􀄞􀄚 􀄨􀅽􀆌 􀅯􀄞􀄂􀆐􀄞 􀅽􀄨 􀄂􀄚􀄚􀅝􀆚􀅝􀅽􀅶􀄂􀅯 􀄂􀄐􀆌􀄞􀆐 􀅽􀄨 C􀆌􀅽􀇁􀅶 􀅯􀄂􀅶􀄚 􀄨􀅽􀆌 􀅐􀅽􀅯􀄨 􀄐􀅽􀆵􀆌􀆐􀄞 􀄂􀅶􀄚
    infrastructure with my partner Chal Misick in 2006 as well.
    In a statement to the Commission, provided after the oral proceedings, on 20th February
    2009, Mr Hoffmann gave more detail. He stated that, having started out on the
    development of Salt Cay with two local partners, in May to June 2006 he had bought out the
    interest of one, Ben Walkin, and had reached agreement with another, Simon Wood who
    was to continue simply as the architect of the project. He continued:
    In July/August 2006 having not having or applied (sic) for Belonger status and
    knowing there was a policy established by Micha􀄞􀅯 M􀅝􀆐􀅝􀄐􀅬 􀆐 􀄐􀄂􀄏􀅝􀅶􀄞􀆚 􀆚‘􀄂􀆚 C􀆌􀅽􀇁􀅶
    land would be transfer (sic) only to Belongers or companies with at least 50%
    Belonger ownership, I asked Stefan to involve another Belonger to meet the rules.
    Transcript, Day 11, pp 43 – 45
    Mario Hoffmann statement para 2.17

    Page 155
    We were looking for someone who could be helpful, not just because they had
    Belonger status.

    The evidence of Chal Misick, and to some extent the Hon Michael Misick, that he had
    not been invited to become a partner until November or December 2006, is therefore
    contradicted by Mr Hoffmann. If Mr Hoffmann is correct about July/August 2006, then the
    Hon Michael Misick should have known at a much earlier stage than he has admitted, that
    his brother was involved. Clearly, Mr Hoffmann regarded Chal Misick as his partner at the
    time of the approach in early August. If Mr Hoffmann is right, it also meant that Chal Misick
    lied on oath to the Commission.
    M􀆌 H􀅽􀄨􀄨􀅵􀄂􀅶􀅶 􀆐 􀄂􀆐􀆐􀄞􀆌􀆚􀅝􀅽􀅶 􀆚‘􀄂􀆚 􀅝􀅶 􀆐􀄞􀅯􀄞􀄐􀆚􀅝􀅶􀅐 C‘􀄂􀅯 M􀅝􀆐􀅝􀄐􀅬 􀄂􀆐 ‘􀅝􀆐 􀆉􀄂􀆌􀆚􀅶􀄞􀆌 ‘􀄞 ‘􀄂􀄚 􀄏􀄞􀄞􀅶
    concerned to have a Belonger partner is also unconvincing. DEVCO was the main company
    working on the project as a whole, and it did not have any Belonger element on its books.
    The involvement of Mr Walkin and Mr Wood in the Golf Club project had been advertised
    prominently to the Government in the submissions made at earlier stages (see for example
    the Agreed Upon Procedures Report 􀅽􀄨 F􀄞􀄏􀆌􀆵􀄂􀆌􀇇 􀄂􀆚􀆚􀄂􀄐‘􀄞􀄚 􀆚􀅽 M􀆌 H􀅽􀄨􀄨􀅵􀄂􀅶􀅶 􀆐 􀇁􀆌􀅝􀆚􀆚􀄞􀅶
    evidence). However, by the summer of 2006 he had removed them as Belonger partners
    without replacing them.
    In any event, Mario Hoffmann, on his account, had been approached to become a
    Belonger as early as May 2006. He had made written application for the status. The
    Commission has seen a faxed copy of that application, which bears the transmission date of
    29th September 2006, two days after the Cabinet had already granted it to him on the
    suggestion of the Premier. It is plain from this and much other evidence before the
    Commission that Premier had been on friendly terms with Mr Hoffmann for some time, and
    it is reasonable to assume that he would have told him of his new status soon after the vote.
    Accordingly, well before the division of the Salt Cay Golf Club Ltd shares on 15th
    December 2006, Mr Hoffmann already knew he did not need any Belonger partner for the
    new company, and he had dispensed with his partners on the main company. And Chal
    Misick was remarkably vague as to the special skills he had brought to the early negotiations,
    Hon Michael Misick bundle 3, p 1099
    ibid, p 1098

    Page 156
    beyond mentioning that he had a qualification in engineering. As to his claimed value in
    negotiations with the architect for the project at that time, he was unable, when asked, to
    identify either the architect or the firm involved. Subsequently, by letter, Chal Misick
    identified the architect as being Arthur Hills of Steve Forrest & Associates, Golf Course
    Architects. The Commission has not seen any other reference to this firm in any of the
    documents presented to it, and has not seen any correspondence with this firm. Such
    correspondence as has been presented by Mr Hoffmann suggests that Troon Golf LLC of
    Scottsdale Arizona (who corresponded with Mr Kral) would have been the contact with the
    golf course architect, Simon Wood.
    4.106 Mr Hoffmann, by contrast, makes no reference to Chal Misick having negotiated with
    the architect. His only recollection is of having set a condition that he should not negotiate
    with the Government. Even the legal work was taken away from him, and placed with the
    􀆌􀄞􀅐􀆵􀅯􀄂􀆌 􀅯􀄂􀇁􀇇􀄞􀆌􀆐 􀄨􀅽􀆌 M􀆌 H􀅽􀄨􀄨􀅵􀄂􀅶􀅶 M􀅝􀅯􀅯􀄞􀆌 “􀅝􀅵􀅽􀅶􀆐 O “􀆵􀅯􀅯􀅝􀇀􀄂􀅶 The only demonstrable
    contribution he made was to form the company, which is a low level task usually delegated
    to paralegal staff.
    4.107 C‘􀄂􀅯 M􀅝􀆐􀅝􀄐􀅬 􀆐 􀄞􀇆􀆉􀅯􀄂􀅶􀄂􀆚􀅝􀅽􀅶 􀅝􀆐 􀆚‘􀄞􀆌􀄞􀄨􀅽􀆌􀄞 􀆚‘􀄂􀆚 ‘􀄞 􀆉􀄞􀆌􀄨􀅽􀆌􀅵􀄞􀄚 􀄂 􀆌􀅽􀅯􀄞 􀆚‘􀄂􀆚 􀅶􀅽􀄏􀅽􀄚􀇇 􀄞􀅯􀆐􀄞
    describes him performing, with such skill that, although he had had no direct dealings with
    the overall developer, the developer chose to give him a 50% share in the enterprise. Mr
    Hoffmann says he made Chal Misick a partner principally because he was a Belonger, when
    he did not need a Belonger, and because he wanted a contributor, but he does not say what
    Chal Misick ever contributed. Finally, when the latter was asked if he was concerned that,
    having provided it as collateral, he might now stand to lose it if his brother could repay the
    loan secured, he said that he was not concerned.
    4.108 The submissions from the Hon Michael Misick and Mr Hoffmann as to the relative
    lack of worth of the golf course are meaningless. The willingness of J&T Banka to lend $6
    million plus interest against the security of the shares tells one all one needs to know about
    how valuable an asset was given away by the Cabinet at the behest of the Premier.
    Transcript, Day 11, p 68
    Chal Misick bundle p 381
    Mario Hoffmann statement, para 2.20

    Page 157
    There is, in my view, information and evidence before the Commission suggestive of
    the involvement of the Hon Michael Misick in corrupt dealings in relation to the
    G􀅽􀇀􀄞􀆌􀅶􀅵􀄞􀅶􀆚 􀆐 􀆚􀆌􀄂􀅶􀆐􀄂􀄐􀆚􀅝􀅽􀅶􀆐 􀇁􀅝􀆚‘ M􀄂􀆌􀅝􀅽 H􀅽􀄨􀄨􀅵􀄂􀅶􀅶 􀅽􀅶 􀄏􀄞‘􀄂􀅯􀄨 􀅽􀄨 DEVCO 􀄂􀅶􀄚 􀅽􀄨 C‘􀄂􀅯 M􀅝􀆐􀅝􀄐􀅬 􀆐
    knowing assistance and complicity in it. Whatever the value and worth of the Salt Cay
    development as a whole, the Commission is unable to accept the account of Mr Hoffmann in
    relation to the appointment of Mr Chal Misick as a partner in the project.
    there is information of possibly corrupt and/or otherwise
    seriously dishonest involvement, including misfeasance in public office, of the
    H􀅽􀅶 M􀅝􀄐‘􀄂􀄞􀅯 M􀅝􀆐􀅝􀄐􀅬 􀅝􀅶 􀆌􀄞􀅯􀄂􀆚􀅝􀅽􀅶 􀆚􀅽 􀆚‘􀄞 G􀅽􀇀􀄞􀆌􀅶􀅵􀄞􀅶􀆚 􀆐 􀆚􀆌􀄂􀅶􀆐􀄂􀄐􀆚􀅝􀅽􀅶􀆐 􀇁􀅝􀆚‘ M􀄂􀆌􀅝􀅽
    Hoffmann of DEVCO for the development of Salt Cay: 1) in respect of his
    􀆉􀄂􀆌􀆚􀅝􀄐􀅝􀆉􀄂􀆚􀅝􀅽􀅶 􀅝􀅶 􀆚‘􀄂􀆚 􀄚􀄞􀇀􀄞􀅯􀅽􀆉􀅵􀄞􀅶􀆚 􀇁􀅝􀆚‘ C‘􀄂􀅯 M􀅝􀆐􀅝􀄐􀅬 􀆐 􀅬􀅶􀅽􀇁􀅝􀅶􀅐 􀄂􀆐􀆐􀅝􀆐􀆚􀄂􀅶􀄐􀄞 􀄂􀅶􀄚
    complicity in it, as described above; 2) in the potential abuse of his public
    office by accepting lavish and disproportionate hospitality from Mario
    Hoffmann, including the use of private aircraft, the provision of international
    flights and other hospitality in the course of developing business relations
    between DEVCO and the Government; and 3) in potential abuse of his public
    office by seeking and accepting a loan of $6 million from J&T Banka when that
    Bank, on its own account,315 was in negotiation with the Government over
    funding and participation in the development of Salt Cay.
    criminal investigation by the police or others of the
    possibility of corruption and/or other serious dishonesty, including
    misfeasance in public office, in relation to the Hon Michael Misick in respect
    of those matters.
    See J&T Banka web-site

    Page 158
    from London to Slovakia
    Mario

    Page 159
    Hoffmann, and from Slovakia on to Dubai to see motor-racing
    It was said
    􀄏􀇇 M􀄂􀆌􀅝􀅽 H􀅽􀄨􀄨􀅵􀄂􀅶􀅶 􀆚‘􀄂􀆚 􀅝􀆚􀆐 􀆉􀆵􀆌􀆉􀅽􀆐􀄞 􀇁􀄂􀆐 􀆚􀅽 􀄞􀅶􀄂􀄏􀅯􀄞 ‘􀅝􀅵 􀆚􀅽 􀆐􀄞􀄞 ‘􀅝􀆐 M􀆌 H􀅽􀄨􀄨􀅵􀄂􀅶􀅶 􀆐
    operations in Slovakia, none of which, according to him, was tourism-related. Their
    relevance to Salt Cay was not explained
    Dubai, similarly
    Transcript, Day 6, pp 161 – 163

    Page 160
    $150,000 paid by Jak Civre, a major developer on the Islands, into the bank
    account of his company, Paradigm on 8th February 2007, the day before the election. Mr
    Civre has confirmed in writing to the Commission that this was a political contribution and
    that he had paid it into the account of Paradigm on the instruction of the Hon Floyd Hall. He
    also stated that he had made such payments to political parties and individuals in the past.
    He insisted, however, that he did not seek or receive any favours in return for the payment.

    Page 163
    the payment by Jak Civre, the developer of the Seven Stars
    Resort, to the Hon Floyd Hall of $150,000 on 8th February 2007, the day before
    the election, purportedly as a campaign donation, but which the Hon Floyd Hall

    Page 164
    paid into the business account of his company, Paradigm, and also other
    unexplained payments, were possibly corrupt payments
    criminal investigation by police or others in relation to the Hon
    Floyd Hall of possible corruption and/or other serious dishonesty in respect of
    that payment by Jak Civre and/or other unexplained payments
    para 4.115 above

    Page 182
    following an introduction in 2007 to J&T Banka in Prague by Mr Mario
    Hoffmann, the principal developer of Salt Cay

    Page 190
    The
    remarkable divergence between the two figures might have caused him enquire why there
    was such a difference, but there is no evidence that he did. One might also have expected
    􀆚‘􀄂􀆚 ‘􀄞 􀇁􀅽􀆵􀅯􀄚 ‘􀄂􀇀􀄞 􀇁􀅝􀆐‘􀄞􀄚 􀄂􀆚 􀅯􀄞􀄂􀆐􀆚 􀆵􀆐􀄞 M􀆌 H􀅽􀇌􀄂 􀆐 􀇀􀄂􀅯􀆵􀄂􀆚􀅝􀅽􀅶 􀄂􀆐 􀄂 􀅶􀄞􀅐􀅽􀆚􀅝􀄂􀆚􀅝􀅶􀅐 􀆚􀅽􀅽􀅯 􀅝􀅶 􀆚‘􀄞
    proposed sale to Dr Kinay; but he did not. On the following day, 18th June 2007, the Cabinet
    􀄂􀆉􀆉􀆌􀅽􀇀􀄞􀄚 􀆚‘􀄞 􀆐􀄂􀅯􀄞 􀆚􀅽 ‘􀅝􀅵 􀄂􀆚 BCQ“ 􀇀􀄂􀅯􀆵􀄂􀆚􀅝􀅽􀅶 􀅽􀄨 􀅵􀅝􀅯􀅯􀅝􀅽􀅶 􀆵􀅶􀄚􀄞􀆌 A 􀅽􀄨 􀆚‘􀄞 􀇀􀄂􀅯􀆵􀄞 􀄂􀄚􀇀􀅝􀆐􀄞􀄚 􀆚􀅽
    Cabinet by their own valuation officer. A valuation moreover, arrived at by a surveyor who
    had not visited the site, who had been given no significant details of the proposed use, and
    who used demonstrably out-of-date comparators for the valuation exercise.

    Page 191
    and, as it was in its strong
    commercial interest, to do so with gusto

    Page 191
    The Hon McAllister Hanchell also claimed that there had been complaint by lawyers for the
    purchaser, Dr Kinay, about the valuation.366 He said:
    In this particular case, when the valuation would have been communicated to the
    developers, at some point in time developers will have challenged the evaluation,
    saying that they thought it was too high. My instructions would have come from
    Cabinet to ask Mr Hoza to kindly review his evaluations.
    This was wholly misleading. There is no evidence that the November 2006 value had
    been disclosed to Dr Kinay; it was in any event confidential. The 10th June 2008 valuation
    was only communicated to the Minister in the early hours of 13th June, and, before it even
    reached him, he was seeking a second opinion. The Commission has seen no Cabinet minute
    􀆌􀄞􀆋􀆵􀅝􀆌􀅝􀅶􀅐 􀆚‘􀄞 M􀅝􀅶􀅝􀆐􀆚􀄞􀆌 􀆚􀅽 􀆐􀄞􀄞􀅬 􀄂 􀆐􀄞􀄐􀅽􀅶􀄚 􀅽􀆉􀅝􀅶􀅝􀅽􀅶 W‘􀄞􀅶 􀅝􀆚 􀅵􀄞􀆚 􀅽􀅶 􀆚‘􀄞 􀄚􀄂􀇇 􀄨􀅽􀅯􀅯􀅽􀇁􀅝􀅶􀅐 BCQ“
    valuation, it simply accepted it. There is, moreover, no evidence of any complaint by Dr
    K􀅝􀅶􀄂􀇇 􀄂􀄏􀅽􀆵􀆚 􀆚‘􀄞 􀇀􀄂􀅯􀅝􀄚􀅝􀆚􀇇 􀅽􀄨 M􀆌 H􀅽􀇌􀄂 􀆐 0th June 2008 valuation; if there had been it would
    have featured in the correspondence. And why the Government should have been so fearful
    of such a complaint, if it had been made, so as to deter it from negotiating the best available
    price for the disposal of Crown Land is inexplicable on any normal considerations of good
    governance and commercial dealing.
    When the matter came before Cabinet it was the Hon Michael Misick who raised the
    transaction as an oral mention, in which he appeared to have a personal interest. The fact
    ibid, p 153

    Page 192
    that the land was being sold to a consortium led Dr Kinay, a man who, through his company,
    Turks Ltd, had given him an undeclared and unpublicised political donation of half a million
    dollars on 9th January 2007, may or may not have influenced his view of this matter it
    did not influence him enough to declare that link or to withdraw from the discussion. In the
    􀆌􀄞􀆐􀆵􀅯􀆚 􀆚‘􀄞 G􀅽􀇀􀄞􀆌􀅶􀅵􀄞􀅶􀆚 􀆐􀅽􀅯􀄚 􀆚‘􀄞 􀅯􀄂􀅶􀄚 􀆚􀅽 D􀆌 K􀅝􀅶􀄂􀇇 􀆐 􀄐􀅽􀅶􀆐􀅽􀆌􀆚􀅝􀆵􀅵 􀄨􀅽􀆌 􀄂 􀆌􀄞􀅯􀄂􀆚􀅝􀇀􀄞 􀆉􀅝􀆚􀆚􀄂􀅶􀄐􀄞
    In my view, in t‘􀄞 􀄐􀅝􀆌􀄐􀆵􀅵􀆐􀆚􀄂􀅶􀄐􀄞􀆐 􀆚‘􀄞 C􀄂􀄏􀅝􀅶􀄞􀆚 􀆐 􀄚􀄞􀄐􀅝􀆐􀅝􀅽􀅶 􀆚􀅽 􀆐􀄞􀅯􀅯 􀆚‘􀄞 􀅯􀄂􀅶􀄚 􀆚􀅽 D􀆌 K􀅝􀅶􀄂􀇇 􀄂􀆚
    well below market price raises a possibility of corruption and/or other serious dishonesty,
    including misfeasance in public office, on the part of its Members, in particular, the Hon
    Michael Misick and the Hon McAlister Hanchell. In short, there is information of a possibly
    corrupt transaction calling for further and closer investigation.
    respect of the chain of events leading to the
    secret payment by Dr Cem Kinay of $500,000 to the Hon Michael Misick in
    January 2007, followed by the approval in principle by the Cabinet on 16th May
    2007, to which the Hon McAllister Hanchell was a party, of the sale for
    development to a consortium led by Dr Kinay of land at Joe Grant Cay, followed
    by the agreement in 2008 to sell it to the consortium at well below market
    price
    position and/or acted corruptly or otherwise seriously dishonestly
    Core Volume 6, tab 1, p166
    para 4.23 above
    in relation to the

    Page 193
    at Joe Grant Cay with a view
    possibly, to ensuring a swift completion of sale of the land to the consortium
    led by Dr Kinay at a very large undervaluation.
    I recommend criminal investigation by the police or others in relation to the
    Hon McAllister Hanchell of possible corruption and/or other serious dishonesty
    and/or misfeasance in public office, in relation to this matter.

    Page 245
    The payment of $500,000 by Dr Cem Kinay, through his company, Turks Ltd, to
    the Hon Michael Misick was a possibly corrupt payment because: 1) the Hon Michael Misick
    did not declare it in Cab􀅝􀅶􀄞􀆚 􀇁‘􀄞􀅶 D􀆌 K􀅝􀅶􀄂􀇇 􀆐 􀆉􀆌􀅽􀆉􀅽􀆐􀄂􀅯􀆐 􀄨􀅽􀆌 􀄚􀄞􀇀􀄞􀅯􀅽􀆉􀅵􀄞􀅶􀆚 􀇁􀄞􀆌􀄞 􀆵􀅶􀄚􀄞􀆌
    discussion, or to the Registrar of Interests or the Commission; 2) it was paid to him through a
    third party account, namely the client account of his brother and attorney, Chal Misick; 3) it
    was wholly disproportionate to its stated purpose, namely for political campaigning, and was
    not, for the most part, spent on such campaigning; and 4) it was received from a developer
    who had a continuing relationship with the Government, with whom further development
    agreements were under consideration or being negotiated, and who benefited from Cabinet
    decisions generous to him.
    Criminal investigation by police or others in relation to the Hon Michael
    Misick of possible corruption and/or other serious dishonesty in relation to such and other
    similar matters in recent years
    paras 4.23 above and Finding and Recommendation 32, below

    Page 248
    There is a possibility of corruption and/or other serious dishonesty, including
    misfeasance in public office, in relation the Hon Michael Misick in the chain of events leading
    to the eventual disposal of land at Joe Grant Cay at well below market price to a consortium
    led by Dr Cem Kinay, following the secret payment by Dr Kinay of $500,000 to him in January
    2007, followed by the approval by Cabinet on 16th May 2007, to which the Hon Michael
    Misick was a party
    There is information of possible corrupt and/or otherwise seriously dishonest
    involvement, including misfeasance in public office, of the Hon Michael Misick in relation to
    􀆚‘􀄞 G􀅽􀇀􀄞􀆌􀅶􀅵􀄞􀅶􀆚 􀆐 􀆚􀆌􀄂􀅶􀆐􀄂􀄐􀆚􀅝􀅽􀅶􀆐 􀇁􀅝􀆚‘ M􀄂􀆌􀅝􀅽 H􀅽􀄨􀄨􀅵􀄂􀅶􀅶 􀅽􀄨 DEVCO 􀄨􀅽􀆌 􀆚‘􀄞 􀄚􀄞􀇀􀄞􀅯􀅽􀆉􀅵􀄞􀅶􀆚 􀅽􀄨 “􀄂􀅯􀆚
    C􀄂􀇇 􀅝􀅶 􀆌􀄞􀆐􀆉􀄞􀄐􀆚 􀅽􀄨 ‘􀅝􀆐 􀆉􀄂􀆌􀆚􀅝􀄐􀅝􀆉􀄂􀆚􀅝􀅽􀅶 􀅝􀅶 􀆚‘􀄂􀆚 􀄚􀄞􀇀􀄞􀅯􀅽􀆉􀅵􀄞􀅶􀆚 􀇁􀅝􀆚‘ C‘􀄂􀅯 M􀅝􀆐􀅝􀄐􀅬 􀆐 􀅬􀅶􀅽􀇁􀅝􀅶􀅐
    assistance and complicity in it; 2) in his the potential abuse of his public office by accepting
    lavish and disproportionate hospitality from Mario Hoffmann, including the use of private
    aircraft, the provision of international flights and other hospitality in the course of
    developing business relations between DEVCO and the Government; and 3) in his potential
    abuse of his public office by seeking and accepting a loan of $6 million from J&T Banka when
    that Bank, on its own account, was in negotiation with the Government over funding and
    participation in the development of Salt Cay.
    See paras 4.77 4.89 and 4.172 4.181 above
    See J&T Banka web-site
    See paras 4.90 4.109 above

    Page 250
    The payment by Jak Civre, the developer of the Seven Stars Resort, to the Hon
    Floyd Hall of $150,000 on 8th February 2007, the day before the election, purportedly as a
    campaign donation, but which the Hon Floyd Hall paid into the business account of his
    company, Paradigm, and also other unexplained payments were possibly corrupt
    payments.
    criminal investigation by police or others in relation to the Hon Floyd Hall
    of possible corruption and/or other serious dishonesty in respect of that payment by Jak
    Civre and/or other unexplained payments
    para 4.115 above

    Page 254
    the chain of events
    leading to secret payment by Dr Cem Kinay of $500,000 to the Hon Michael Misick in January
    2007, followed by the approval in principle by the Cabinet on 16th May 2007, to which the
    Hon McAllister Hanchell was a party, of the sale for development to a consortium led by Dr

    Page 255
    Kinay of land at Joe Grant Cay, followed by the agreement in 2008 to sell it to the
    consortium at well below market price.
    and/or
    acted corruptly or otherwise seriously dishonestly
    at Joe Grant Cay
    with a
    view, possibly, to ensuring a swift completion of sale of the land to the consortium led by Dr
    Kinay at a very large undervaluation
    Criminal investigation by the police or others in relation to him of
    possible corruption and/or other serious dishonesty, including misfeasance in public office,
    in respect of this matter.
    paras 4.172 4.182 above
    also in relation to the Hon Michael Misick, para 4.23 above, and Finding and Recommendation 5.
    paras 4.173 4.182

    Page 263
    in Salt Cay

  42. Dear Editor,
    As a Jamaican from humble origins and proud of it, I wish to record my admiration and respect for Bill Clarke, his stance regarding his retirement package from the Bank of Nova Scotia, and his insistence on proper security arrangements with regard to exposure from the failure of various investment clubs.

    All Jamaica knew that he was identified as one of the main instigators of the failure by those who persisted in their belief that there was something to be had for nothing.

    George Gordon
    13 Sandringham Avenue
    Kingston 10
    gmassocs@cwjamaica.com

    http://www.jamaicaobserver.com/letters/html/20090719T200000-0500_155716_OBS_BE_FAIR__OR_ELSE____.asp

  43. A nation of thieves?

    Many years ago, Morris Cargill, that erudite Jamaican and Gleaner columnist, wrote an article titled ‘A nation of petty thieves’. He posited that because of a lack of opportunity many Jamaicans resorted to praedial larceny and low-level thievery to survive.

    Well, Cargill would be shocked to know that we have graduated. We are now a fully corrupt nation, no longer pestered by petty gangs with knives and machetes, but encircled by organised criminals with high-powered weapons and friends in lofty places. Often these criminals learn their trade in the world crime centres of North America and England.

    Some of the recent lottery scams and ponzi schemes are clear evidence of this. Yes, much to our regret and despite Cargill’s warnings, we have achieved world-class status as a nation of sophisticated thuggery, murder and criminality.

    – R Oscar Lofters

    http://www.jamaica-gleaner.com/gleaner/20090721/cleisure/cleisure3.html

  44. Junkunno on Bill Clarke:

    junkunno, on July 19th, 2009 at 1:38 pm Said:
    i know why he rejected the package:

    His wife taking him to the cleaners! And him have child support to pay to him baby madda! (former employee of the bank)

    Mr. Gordon of Sandrigham Ave on BIll Clarke:

    “As a Jamaican from humble origins and proud of it, I wish to record my admiration and respect for Bill Clarke, his stance regarding his retirement package from the Bank of Nova Scotia…”

    Junkunno you see you miss the point. That is in Jamaica because you ‘came from humble origins’ you can do no wrong. You actions for the rest of your life are vindicated by the fact that you ‘reach now’ and how hard you ‘worked’ and where you came from makes Darfur look like a cakewalk.

    Junkunno for most ‘hardship’ always trumps ‘morals’ in Jamaica especially.

    We never been short of hardship in Jamaica. Don’t believe just ask the Jamaican next to you right now.

    Similar with the OJ and CD and OD…Even QC once you attain thoose you can’t be ‘wrong’ ever again in Jamaica.

  45. A who mi know used to live on Sandringham….slip mi now.

  46. You have to give America props where props a due. Once there (even for a visit) the honarary PHD’s and ‘Lords” and “lady’s” and Baron’s and peerage and Sirs and honorables etc. just …well…just melt away.

  47. Unless you can prove to Americans that your daddy mined coal in Appalachia you could sing ‘underpriveleged’ from here to eternity.

    Barack Obama is not where he’s at to promote excuses in fact quite the opposite.

    And Morals are high on the agenda. That bar you been pulling downever since you know yourself? All the while chatting out one side of your mouth? He is here to raise it beyond reach.

    Advice? Start building a ladder.

  48. Cynic:

    You are spot on. I would suggest that maybe all you suggest are true.

    Augast 5 is fast approaching. I am wondering whether King David will plead guilty and offer up the little he has stashed in exchange for a lighter sentence.

    I hope the judge is as coldhearted as he is.

  49. @TheCynic

    Reasonable list of reasons… can’t argue there.

  50. The recent ended US Supreme court term had a major decision that potentially will have a profound effect on civil cases in US Federal courts. By way of illustration… We have seen many of the wild conspiracy theories posted on the blog… some of them by people filing law suits. Before this case those suits, even if they are without, merit could cause the defendants huge legals bills to defend. This case allows the judge much more latitude in dismissing them. Some quotes are below, with the link to the full article in the NY Times.

    “Iqbal is the most significant Supreme Court decision in a decade for day-to-day litigation in the federal courts,” said Thomas C. Goldstein, an appellate lawyer with Akin Gump Strauss Hauer & Feld in Washington…

    For more than half a century, it has been clear that all a plaintiff had to do to start a lawsuit was to file what the rules call “a short and plain statement of the claim” in a document called a complaint. Having filed such a bare-bones complaint, plaintiffs were entitled to force defendants to open their files and submit to questioning under oath.

    This approach, particularly when coupled with the American requirement that each side pay its own lawyers no matter who wins, gave plaintiffs settlement leverage. Just by filing a lawsuit, a plaintiff could subject a defendant to great cost and inconvenience in the pre-trial fact-finding process called discovery. …

    Mark Herrmann, a corporate defense lawyer with Jones Day in Chicago, said the Iqbal decision will allow for the dismissal of cases that would otherwise have subjected defendants to millions of dollars in discovery costs. On the other hand, information about wrongdoing is often secret. Plaintiffs claiming they were the victims of employment discrimination, a defective product, an antitrust conspiracy or a policy of harsh treatment in detention may not know exactly who harmed them and how before filing suit. But plaintiffs can learn valuable information during discovery.

    The Iqbal decision now requires plaintiffs to come forward with concrete facts at the outset, and it instructs lower court judges to dismiss lawsuits that strike them as implausible.

    “Determining whether a complaint states a plausible claim for relief,” Justice Anthony M. Kennedy wrote for the five-justice majority, “requires the reviewing court to draw on its judicial experience and common sense.”

    Note those words: Plausible. Common sense.

    The old world was mechanical. A lawsuit that mouthed the required words was off and running. As the Supreme Court said in 1957 in Conley v. Gibson, a lawsuit should be allowed to go forward “unless it appears beyond doubt that the plaintiff can prove no set of facts in support of his claim which would entitle him to relief.” Things started to change two years ago, when the Supreme Court found a complaint in an antitrust suit implausible…

    9/11 Case Could Bring Broad Shift on Civil Suits
    http://www.nytimes.com/2009/07/21/us/21bar.html?_r=1&th&emc=th

  51. Nocotec

    If the Defendants in a case file a motion to dismiss and that motion id denied are you saying a Plaintiff should drop the case?

  52. And how is one supposed to feel when your lawyer advises against taking action because he/she says ‘that case will be dismissed’. Yet in front of your own two God given eyes the motion to dismiss is thrown out.

    What then Nocotec?

    Question ‘motive’ of your own’learned’ attorney?

    Find a new Attorney?

  53. Call the defendant and beg a change?

  54. Grovel on tape and hope your precious image will remain intact?

  55. Cynic

    Tickets please…..all aboard….Tickets

  56. @Floridian

    This is initially applicable to cases in Federal Court, also the rule is new and is now being implemented. The burden of proof for a plaintiff to initiate and sustain a case in Federal court got significantly harder.

  57. Again, does anyone have the orginals tci-inquiry reports redacted and unredacted. The copies on the internet are bad copies of copies.

  58. The reports are available on wikileaks.org

  59. Those are the bad ones. Need another source.

    They are not original documents.

  60. “This is initially applicable to cases in Federal Court, also the rule is new and is now being implemented. The burden of proof for a plaintiff to initiate and sustain a case in Federal court got significantly harder.”

    Good news then right Noncotec?

  61. Sir Robin says laws governing Crown land and Belongerships.

    and Belongerships.

    and Belongerships.

  62. Alaways a yardie name haffi deh deh. Rass. Bring down bad name now.

  63. Mommy don’t lie for him. He’s not worth it.

  64. “I believe they (the plaintiffs) will have difficulties in pursuing it successfully,” Simon said, adding it would be hard to demonstrate wrongdoing by a sovereign state.

    http://www.caribbeannetnews.com/news-17801–4-4–.html

    NONCOTEC Is you dat?

    Nonco in your expertise have you seen the interview with Lester Bird on the BBC panorame Documentary?

  65. Nonco at least he did not say it was ‘impossible’ to demonstrate…..

  66. Nonco at least he did not say it was ‘impossible’ to demonstrate…..

    Advise him nonco

  67. But he said he could not vouch the same for the Bird administration.

    Nonco?….. Nonco?

  68. Madoff trustee in settlement talks with Bermuda fund manager

    http://www.caribbeannetnews.com/news-17805–28-28–.html

  69. Noncotec

    He was commenting on a civil lawsuit filed last week in a Houston court by investors from the United States, Mexico, Colombia and Peru

    http://www.caribbeannetnews.com/news-17801–4-4–.html

    You have been so consistent on this blog as you often consistently say yourself.

    I think Cynic and (everybody else for that matter) would agree that your most consistent line has been “don’t file a case” followed closely by your second “no money to be had for victims”

    In fact you have been so consitent and reliable in repeating these edicts that any paid professional would be impressed by your standard.

    After working regularly woith us Jamaicans. You might consider our request that you seconde yourself and avail those in Colombia and Peru and Mexico and America and bring your message of hope to them that their suits against Anteefya and Barabasbuda will be futile.

    While at it in your dual role as President of the Hair Club you might drop some needed adive on Antigua’s Attorney General Mr. “Just in Time Mon”.

    We will miss you Noncotec.

    But we know and I am sure Cynic and Harbourshark and all the rest(except Wantmymoney and a few others) will wish you as much success with your new clientele as you have realised here.

    All the best.

    Sirach/Floridian/CAI

  70. floridian,

    Copies of edit copies.

    At least mine was a complete unedited copy that the courts have. It is a little different to make it internet friendly for use.

  71. Copy of the original unedit recording that resulted in a felony conviction.

    “http://www.olintja.com/audio/CIMG2757.zip”

    Jared Martinez clip of his t audio clip.

    “http://www.olintja.com/audio/JM1.wma”

    copy of unedited video clip of the above audio (The NFA would love this one at 9:15)

    “http://www.olintja.com/audio/03122003am8.wmv”

    A clip from MTI infocommercial

    “http://www.olintja.com/audio/don snelgrove.wmv”

    A clip from MTI infocommercial (who ever this is. Must have some importance)

    “http://www.olintja.com/audio/Mark Young.wmv”

  72. floridian: I think Cynic and (everybody else for that matter) would agree that your most consistent line has been “don’t file a case” followed closely by your second “no money to be had for victims”

    Dude, were some investors delusional before they invested? Which is what caused them to invest… Or did the losses cause them to become delusional?

    I have not advised anyone not to sue, I have advised folks to consider it carefully to be sure it makes financial sense. Dude, I was urging investors to file criminal complaints and lawsuits before you started blogging. And not just Olint investors but the other UFO investors.

    Like you, they chose to believe in their friend or hero DS. They waited until almost all the money was gone, at which point a few have now chosen to take action.

    Look at Madoff’s attempt to write checks to friends and family at the end. Olint investors waited as the problems intensified while DS gave most of the remaining money to friends, family and preferred investors. Now that the money is almost all gone and it is obvious even to some of the delusional that DS was a scammer, some now are suing which is what they should have done way back when there were funds to freeze.

    It should be obvious to all but the most delusional that waiting to sue a company until after it has been forced into bankruptcy liquidation is not normally a bright idea.

    Probably 90 % or so of investors in these ponzi schemes committed so much money to these schemes that their loss is extremely painful. Many invested their life savings and many borrowed money or mortgaged their homes. These folks are essentially insolvent and in some cases have had to take 2nd jobs or use other means to make ends meet.

    Clearly a person in this predicament would be well advised to consider his/her options carefully before making a decision to fund an attorneys investment portfolio with any remaining funds. On the other hand, a person that still has substantial funds remaining may consider that even though the chance of successfully recovering more than the cost of the litigation is low… it may still be worth pursuing.

    • Nocotec: By way of an example: I know an individual (Buyer) that due to a lack of basic research on his part, purchased a business from another individual (Seller). Once the deal was settled and money changed hands, it was discovered by the new owner that the business had in fact lost their license to operate, along with other facts of the business that was not disclosed by the seller, but would have been available with proper due diligence. The actual damages suffered by the buyer as a result of buying this business were maybe in the region of US$15-US$25K.

      The buyer, complete with rage and without forethought, sued the seller and won a default judgment of US$130k. Great!!! The lawyer’s fee amounted to over US$90K and was paid by the Buyer before getting any funds from the Seller. The smart/deceptive Seller, being confronted with a claim of US$130K declared bankruptcy in Federal Court, wiping out the entire US$130K debt owed to the Buyer, along with other debts accumulated over the years!

      The seller is now US$90K poorer, without the ability to collect this worthless US$130K judgment. So, what was maybe a US$25k mistake, balloon into a US$90K noose around that person’s neck? Not to mention that in order to pay his lawyer’s fees, took out two home equity loans against two properties (at the height of the real estate market) that the Buyer owns, including a property that came with the business. The Buyer is now upside down on both properties now!! Draw your own conclusions.

  73. test

  74. Here is a thought to ponder…

    It is often surprising how even obviously intelligent folks can get suckered into the lure of the very high possible returns claimed in FX trading.

    Consider this…

    Over the previous 7 days my portfolio is up about 10 %. The Dow was up about 9 %. So using the same metric advanced by those in the FX business I should now be encouraging everyone to get in on a good thing 🙂

    Hey, forget 10 % per month trading FX… buy mutual funds you can make 10 % per week 🙂 This ignores among other things that the market is barely positive for the year and is way down from a year ago.

    Obviously the 10 % per week makes no sense when taken out of context, so why does it make sense when FX traders use it. Because of the way returns are distributed… citing the low returns is just as legitimate as citing the high returns. Saying you can gain 10 % per month has no more legitimacy than saying you can lose 90 % per month.

    This is why if I am encouraging one to invest in the stock market, I will say on average over the long term you will gain 10 to 12 % per year. How come one never sees such a statement by those claiming how great FX trading can be? Want to guess? 🙂

    • Can someone help me here, in understanding.

      At Olintliquidation.com it says that Olint TCI and ONLY them is being liquidated. Didnt DS transfer money from Olint JA to TCI when it was established? My club statement in the begining had the letterhead, “Oversees Locket International Limited ” but later was changed to Olint TCI. I remember a letter from the DS about the gov of JA going after Olint but his declaration was basically not to worry (that’s comforting) because we were no longer just Olint. Can anyone shed light? I have contact the people of the above mentioned websight via email, and all I get is an autogenerated email stating the same info on the websight. Thanks for your response. –

  75. Nocotec: By way of an example: I know an individual (Buyer) that due to a lack of basic research on his part, purchased a business from another individual (Seller). Once the deal was settled and money changed hands, it was discovered by the new owner that the business had in fact lost their license to operate, along with other facts of the business that was not disclosed by the seller, but would have been available with proper due diligence. The actual damages suffered by the buyer as a result of buying this business were maybe in the region of US$15-US$25K.

    The buyer, complete with rage and without forethought, sued the seller and won a default judgment of US$130k. Great!!! The lawyer’s fee amounted to over US$90K and was paid by the Buyer before getting any funds from the Seller. The smart/deceptive Seller, being confronted with a claim of US$130K declared bankruptcy in Federal Court, wiping out the entire US$130K debt owed to the Buyer, along with other debts accumulated over the years!

    The seller is now US$90K poorer, without the ability to collect this worthless US$130K judgment. So, what was maybe a US$25k mistake, balloon into a US$90K noose around that person’s neck? Not to mention that in order to pay his lawyer’s fees, took out two home equity loans against two properties (at the height of the real estate market) that the Buyer owns, including a property that came with the business. The Buyer is now upside down on both properties now. Draw your own conclusions.

  76. “Allen Stanford made many investments that would take years to mature, where the investments would bring excellent returns, but only if allowed to mature,” DeGuerin said Tuesday in an e-mail. Janvey’s plans to “prematurely” sell assets such as undeveloped real estate or commercial banks in Latin America…

    Stanford receiver seeks rapid sale of private-equity stake

    http://www.caribbeannetnews.com/news-17832–14-14–.html

  77. “The liquidator appointed to oversee the operations of investment entity, Olint in the Turks and Caicos Islands says his initial findings have indicated that there are not enough assets to meet claims by former investors…”

    http://www.go-jamaica.com/news/read_article.php?id=11102

  78. The best time to have file lawsuits was OLINT and the other UFOs had stopped paying. The failure of not acting until 7-8 months later was ill-advised. However as Nocotec pointed out. some persons where not in a position then or now.

    Persons can still sue but they must be mindful of what they are suing for and the current context with a court appointed liquidator now in place for OLINT TCI and TCI FX. Remember this is a compulsory liquidation order.

    For those not in a position to contemplate suing individually. the best options are

    a) simply to cooperate and work with the OLINT TCI and provide as much information as possible
    b) For a group to oversee their interests
    c) Those that invested via PONZIs find, fellow investors and file a group suit and again provide information to relevant authorities given jurisdictions.

    I really don’t get how people can really accept that piece of Junk communications that Lewfam sent out.

    Bottom line review the options and see which one is in your best interests…

    Here is an article writen May 28, 2008, Lawsuits against Cash Plus are they worth it? https://investforlife.wordpress.com/2008/05/25/lawsuits-against-cash-plus-are-they-worth-it/

  79. ter: At Olintliquidation.com it says that Olint TCI and ONLY them is being liquidated. Didnt DS transfer money from Olint JA to TCI when it was established? My club statement in the begining had the letterhead, “Oversees Locket International Limited ” but later was changed to Olint TCI.

    Remember the liquidator is accepting all claims. I can file one too… but it would be denied as I was not an investor and cannot provide any proof I was.

    All Olint investors should file a claim. This means whether you invested with Olint JA or Olint TCI. Provide all proof that you have. Provide proof of checks or wires and account statements. Provide customer service correspondence.

    Provide the affidavit from DS. Provide any letters or correspondence indicating that funds from Olint JA were transferred to Olint TCI and that you became a customer of Olint TCI. The change in your statements from OLINT JA to Olint TCI is proof along with statements such as DS’s affidavit.

    If the TCI liquidator denies your claim…This would be one reason for Olint JA customers to pool together and sue the liquidator to accept your claims. It would not necessarily require the big law firms for such a suit, they can be prohibitively expensive.

    Another reason for lawyers might be to sue the liquidator if he is not going after parties that he should. It appears that liquidators in the Caribbean are not very aggressive, if they can find enough money to cover their fees from the ‘easy money’ they do not try to go after the more difficult to locate or recover money.

    All this of course assumes there is money out there to recover… but if it was me I would investigate filing a suit against the liquidator to force him to go after the people that made a profit.

  80. The only sensible place for Olint investors to sue is in Florida where there are over half a billion dollars in assetts wired there by David Smith to his friend and colleague Jared Martinez.

  81. Nocotec it would be much appreciated if i knew how to contact the liquidator? to file a report.

    peace

  82. What in God’s creation is a “relection”?

    • Good catch Jahbilly! Very observant……I wish you were equally adept at spotting the DS and Cash Plus scams during their incubation stage. 🙂

  83. MikeD
    What makes you think that I didn’t?

  84. MikeD:

    Is that your claim to fame? Trying to put dowm everyone about this scam thing?

    The smallest people in the world are those who are constantly seeking to bring others down to their size.

    Why don’t you try making yourself bigger instead?

  85. YOUR FEEDBACK, Said: Nocotec it would be much appreciated if i knew how to contact the liquidator? to file a report.

    This is website for the liquidator.
    http://site.olinttciliquidation.com/

    The following Contact information is listed on the website
    Contact us:

    In Turks & Caicos Islands:
    P O Box 63
    Abacus House
    Providenciales
    Turks & Caicos Islands
    Telephone 649-946-4890
    Facsimile 649-946-4892

    In Jamaica:
    P.O. Box 313
    Kingston 5
    Jamaica
    Facsimilie 876- 967-2844

    Or Email – info@olinttciliquidation.com

  86. Test, on July 22nd, 2009 at 5:11 pm Said:

    Nocotec: By way of an example: I know an individual (Buyer) that due to a lack of basic research on his part, purchased a business from another individual (Seller). Once the deal was settled and money changed hands, it was discovered by the new owner that the business had in fact lost their license to operate, along with other facts of the business that was not disclosed by the seller, but would have been available with proper due diligence. The actual damages suffered by the buyer as a result of buying this business were maybe in the region of US$15-US$25K.

    The buyer, complete with rage and without forethought, sued the seller and won a default judgment of US$130k. Great!!! The lawyer’s fee amounted to over US$90K and was paid by the Buyer before getting any funds from the Seller. The smart/deceptive Seller, being confronted with a claim of US$130K declared bankruptcy in Federal Court, wiping out the entire US$130K debt owed to the Buyer, along with other debts accumulated over the years!

    The seller is now US$90K poorer, without the ability to collect this worthless US$130K judgment. So, what was maybe a US$25k mistake, balloon into a US$90K noose around that person’s neck? Not to mention that in order to pay his lawyer’s fees, took out two home equity loans against two properties (at the height of the real estate market) that the Buyer owns, including a property that came with the business. The Buyer is now upside down on both properties now. Draw your own conclusions.

  87. Not goimg to let you down Jay, john Doe

    The Reflections/Explanations coming up soon.

  88. TCI governor defends UK plans

    Criminal action recommended against Michael Misick

    http://www.jamaicaobserver.com/magazines/Business/html/20090723T200000-0500_155999_OBS_TCI_GOVERNOR_DEFENDS_UK_PLANS_.asp

    Things change.

    • Looks like the Observer is monitoring the Investforlife site for their stories. Is it correct to assume they got their info on Bill’s house in Florida from this site? I guess we have to be careful about what is written on this blog.

  89. The Board of Directors of the Commission in conjunction with the Ministry of Finance, under whose portfolio the Commission falls, said it has taken a decision to launch a thorough investigation into the regulatory regime and administrative procedures of the institution.

    http://www.caribbeannetnews.com/news-17861–4-4–.html

  90. Reflections/explanations should start with that Olintja.com blog and the Carder park football field.

    What you think Jay?

  91. or those new pictures seen today. Let me know Jay.

  92. The Supreme Court on Thursday ordered the official shut-down of Cash Plus and all it entities following an application by the provisional liquidator, Hugh Wildman.

    http://www.radiojamaica.com/content/view/20084/26/

    Carlos?…what you going to do now?

  93. Test: Looks like the Observer is monitoring the Investforlife site for their stories.

    Oh absolutely. Many journalists and many other influential members of JA society check in on the blog regularly. Remember many of these folks either invested in these schemes or have family members that did. They check to find any news and pass on info they find, directly or indirectly.

    • Also on the Oanda web forum. There have been praises to the fact you guys are covering things about Olint very well. They are recommending this sight to fellow traders to monitor. -Ter

  94. Why else do they live on the blog Nocotec?

  95. Cynic will tell you.

  96. Test you are absolutely correct, this blog is being monitored by the news agencies.
    Its not the first time we have seen news articles which appears to have been lifted from this blog.

    This is one reason why we try to be as professional as we can and ask our bloggers to do the same.

  97. Jay,

    I suspect people don’t just watch THIS blog, they watch the other website too. One never knows when his or her name/photo might show up on the front page of a site causing you to have to answer some very ’embarrassing’ questions you would have rather avoided.

  98. @ the cynic,

    Just like that person whose name is that area of the hotel which is close to the kitchen where food is stored. 🙂

  99. “Once it’s on the web internationally, there really is no way of stopping it.”

    http://www.olintja.com

  100. The realty tycoons, armed with a team of eminent attorneys, controversially won their bid to censor the Commission of Inquiry’s final report last month.

    http://www.tcweeklynews.com/default.asp?sourceid=&smenu=1&twindow=&mad=&sdetail=1432&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=2404&hn=tcweeklynews&he=.com

  101. These are the bits they didn’t want you to read.

    Commissioner Sir Robin Auld details a disturbing litany of ostensible kickbacks and under-the-table payoffs in his final report released at the weekend which he urges police to probe.

    While recommending criminal trials against developers is outside his remit, he acknowledges that corruption “does not exist in a vacuum” alluding to the fact that a bent bargain involves more than one party.

    http://www.tcweeklynews.com/default.asp?sourceid=&smenu=1&twindow=&mad=&sdetail=1433&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=2404&hn=tcweeklynews&he=.com

  102. Floridian:

    I’m interesting in renting that 2-bedroom unit advertised on the Olintja site. There is no contact information, so who do I contact? Who is the lady in the picture….housekeeping?

  103. Gordon (Butch) Stewart is a belonger.

  104. I have taken time over the last few months to read through the Olintja.com blog. It would seem to me that it consists largely of emails and pictures from David Smith. It does however also have emails and photos of which David Smith is not the source. These include the prayer group (Hail Red P long time no see). It wouls seem to include emails from another source that I shall no comment on at this point.

    A lot of the pictures have David and Wayne Smith in them but also there are pictures that are from the internet and other media sources. David smith’s mother is featured in two photo’s on the front page. One at a function in Florida and one at Renfew. Various associated persons, friends, inner circle (Access Lisa hahaha) and coconspirators, criminals, lawyers and lawyers who are criminal are featured.

    The site seems to be an inside look into Jamaican society in as mouch as it is about a fraud and laundering operation.

    I have decided that over a course of time to share my thoughts on this amazing site not only inregard to the criminal matters but also the Jamaican society itself one that unfortunately I know only too well.

    To most, the site has one or two people that you may know or may have heard of. Many of you are ‘featured’ on the site. The victims who are overseas may not know anyone at all.

    I know almost every person on the site (pictured or not) from the inner city to those who claim royal bloodline. Sadly I have also had to bear knowing David Smith (and oythers) too long (from before Access was supposed to be something lisa)

    In thinking on where to start I thought I might start with Murray’s. This was not easy. I had known Keith Murray for a long time. But the fact that I see them on the top of the photo section of that blog and the fact that one of them would choose to lie in the way he did and the fact that I know that such a stance is not befitting of the life of Mr. Keith Murray. I think it is a good place to begin.

  105. David smith has claimed that he has ‘his’ obligations to fulfill. I have my obligations. The two (although many of you may not think so now) are mutually exclusive.

  106. If you have found yourself on the site or even in its background it is largely because David Smith out you there.

  107. Put you there.

  108. Governor apologises to Kinay, Hoffmann, Civre

    On behalf of the Olint victims I accept the apology.

  109. releasing of the document on the Commission’s website, a great deal of consultancy work both locally and in the United Kingdom were instituted to ensure its security, which was thought to be ‘hacker-proof’

    Common mistake not unknown in Jamaica. Wrong choice of ‘consultants.’ Image is nothing. Substance is everything.

  110. Our local prosecutors needs to take a page out of the books of the Americans.

    Judge Approves Liquidation of Madoff Feeder Funds

    A judge in the British Virgin Islands has approved the liquidation of the Fairfield Sentry funds, which were the largest conduits for cash flowinginto the hands of Bernard L. Madoff and his global Ponzi scheme.

    http://www.nytimes.com/2009/07/22/business/22madoff.html?_r=2&ref=todayspaper

  111. The SEC and Madoff: A study in regulatory dysfunction

    Call Bernie Madoff anything you want, just don’t call him dumb. Anyone able to bilk clients out a sum reportedly north of $60 billion is not stupid.

    http://www.thereporter.com/opinion/ci_12891670

  112. Jay I agree.

    But evil is worst than stupid!

  113. floridian, on July 25th, 2009 at 2:19 am Said:

    David smith has claimed that he has ‘his’ obligations to fulfill. I have my obligations. The two (although many of you may not think so now) are mutually exclusive.
    //////////////////

    No comment.

  114. Whatever else may be figuring in his election calculations, there is a big reason why Mr Golding may be afraid to head into a poll: his party cannot afford to finance an election.

    Smiiithyyyyyy

    http://www.jamaica-gleaner.com/gleaner/20090726/cleisure/cleisure1.html

    Bwoy jay the DPP thread was the fastest thread to come and go.

  115. Smithy you forgot the meeting? dem fren dem naw donate unless them get them Olint money! you forgot the special list?

  116. excess of 12 mil from one ‘donor’ can’t strech for not even 2 years power? efficient.

    Petite Jury trial in the middle of election? Dual citizen come like cheese then.

    Where the DPP thread Jay? Got a mind of it’s own. And that is not a shocking thread yet. Jay? I repeat Jay. that is NOT even on the radar of shockers yet.

  117. The public does not know where the money spent by the parties came from. It is reasonably assumed that much, if not most of it, was donated by people seeking influence. Drug dealers, money launderers and other unsavoury types may be among them…

    http://www.jamaica-gleaner.com/gleaner/20090726/cleisure/cleisure1.html

  118. But now our luck has run out and we have to face a lender who does not have an inclination for us to do as we please with their money, or perhaps more accurately, with other people’s money

    http://www.jamaicaobserver.com/columns/html/20090725T220000-0500_156147_OBS_INTERCONNECTED_THOUGHTS_.asp

    Time longer than…

  119. Recent events in the offshore banking sector in Antigua and Barbuda and St Vincent and the Grenadines, where the operations of offshore banks in both counties have led to allegations of Ponzi schemes and investors being defrauded, suggest the need for more efficient regulation by drawing on the best talents and experience of the entire area to form a single, joint regulator.

    http://www.jamaicaobserver.com/columns/html/20090725T220000-0500_156150_OBS_FACING_FINANCIAL_CHALLENGES_IN_THE_CARIBBEAN_S_SMALLER_STATES_.asp

  120. ..sweetheart lease agreement is in breach of the Constitution

    http://www.sunheraldja.com/2009/07/1267/

  121. Guys Could Sterling Asset Management be sued for facilitating olints fraud, as they took money from investors and give to olint

  122. Will the American criminal investigation yield information about Political scandal in the Caribbean?
    Floridian what is your view?

  123. I am was wondering… when did the 2.4 million dollar lawsuit DR. first invest in OLINT? Also I need some clarification, is that 2.4 million dollars principal or principal and interest

    Tafari, when did yo u invest in the Feeder Club that invested in OLINT. Was the feeder club SGL?

    Liquidate OLINT feeder clubs
    When will Lewfam, SGL and other OLINT Feeder clubs face lawsuits and be liquidated. Then again what is there to Liquidate?

    Look article find there Jay on the Madoff Feeder Club

    J & N check your email…

  124. JohnDoe
    i invested straight into olint but had a small amount in Lewfam…why would i demand that lewfam to be liquidated? I invested there – it was my choice like the many other investors….

    i would however request an audit to ensure that the funds actually went into Olint and no where else….

  125. JD & N see response via email.

  126. ‘Quis custodiet ipsos custodes?’

  127. They chose Harbourshark…they chose. A lot of laughing. He who laughs last laughs……”

  128. Nuff brand name pickney seek prison. Give them what they want.

  129. Johndoe:

    The feeder club was not SGL. I found out about SGL while doing some work on that island in July 08.

    The club is in Jamaica. Interesting thing is that the club has a name, and a website and even a logo. But the funds were “invested” in Olint in the name of the club manager. That discovery was very strange to me. But I know now that it was all scams.

  130. Johndoe:

    Any word on action to be taken by the Jamaican authorities regarding these feeder clubs? It is now revealed that the authorities in the TCI has made a formal “complaint” to the JA authorities regarding Olint. So what’s the word? Still no action?

    How much money did David Smith really spend on these campaigns? Was Olint the conduit for campaign contributions fron the poor?

    And what is the word on the street from the average Olint investor? Anyone taken a pulse to see if these folks are alive? Are the “investors” in Jmaica still waiting on their “outstanding son of the soil” David Smith to come through for them? Or are they satisfied that the money was spent on a good cause (bribing government officials)?

  131. I see the name of the thread.

    I see that one individual made most of the last comments.

    I didn’t get to read the thread.

    I see the thread is gone.

    I suppose that either libelous comments were made or tthe corrupt officials got involved.

    I wonder!

  132. Ter, on July 26th, 2009 at 9:10 am Said:

    Interesting stuff Floridian. How long and how well did you know DS?

  133. wait a minute, Said: Guys Could Sterling Asset Management be sued for facilitating olints fraud, as they took money from investors and give to olint

    Depends on whether they invested in Olint at the direction of their clients or had broad latitude to invest as they saw fit. If they did not invest at the direction of the client or did not perform sufficient due diligence before investing then a successful lawsuit is possible.

  134. J & J see email.

  135. I reviewed the members list on Olintja.com. My wife and I, along with 4other people that I know who had joined up with Olint

  136. @ Ter

    Did you say you invested directly with Olint or through a feeder fund.?
    Did you receive monthly statements from your club?
    Did you ever receive a check from Olint and if you did can you say who signed your checks, ie was in a single signature or more than one.

    • @Jay

      yes, never with a feeder
      yes, we recieved statement, not on a timely basis.
      Never received check, only did wires (Im here in US)

      @Nocotec- Just got off the phone with the TCI liquidators. I brought up question in reqards to a distribution. That if I receive any distribution, if that would preclude me from any claims to any money that is discovered in account of Olint JA. His statement was that it would not. That the gov would not stipulate that condition to anyone. Your thoughts would be appreciated.

  137. ter: just got off the phone with the TCI liquidators. I brought up question in reqards to a distribution. That if I receive any distribution, if that would preclude me from any claims to any money that is discovered in account of Olint JA. His statement was that it would not…

    I am not sure I follow your questions but here goes… If you invested more than you got back in distributions then yes you have a claim. However if you received distributions that total more than you put in, then no you do not have a valid claim.

    It is not whether you did or did not take a distribution… it is whether the total of the distributions received was greater than the amount invested.

    • For example, Lets say I place a claim and I receive basically 10 cents on the dollar. After receiving a check, news breaks out that they recovered 70% (from panama or ja or from where ever) of the money that was missing from olint.. Will I be barred from any other claims to money since I receive money from TCI? The TCI rep said that if any other money is discovered that I would not be banned from making claims to the newly found money. Thank you for taking the time. -Ter

  138. blogking up Jay. What happened to freedom and truth?

    hahahaaha

    You don’t want to know how it did a go go and how it really a go go?

    You want to wait on the United States to let it all hang down one time. Cleaver Jay.

    But if it is all at one time some people going drop dung. Ready some sugar and wata den or some Brandy for those who are ‘positive’

  139. Jay you ignore me about removing my posts. You love olintja.com?

    Look Martinez trying Motion to Dismiss but as he does try he simultaneously prepares Discovery.

    That tell you something?

    Wha happen to my posts yesterday? No libel, no defamation. I know about those two.

  140. By RALSTON HYMAN [olintja: ‘latest convert?]
    Financial Editor

    Finance and public service minister, Audley Shaw, has finally conceded that the current budget would have to be slashed before the country makes an application to enter into a new borrowing agreement with the International Monetary Fund (IMF) in September.

    This could include steep cuts in the public sector wage bill and the capital budget, which were originally programmed at $120 billion and $43 billion, respectively, since the government has no intention of deferring interest payments on the debt.

    http://www.sunheraldja.com/2009/07/budget-cut-looms/

  141. @Jay

    If you read the dismissal pleading it does not read like that from a top notch law firm. It and the original complaint has some factual errors as well. If you search the JA newspapers you will find the attorney DR name appears several times. He appears to primarily be a criminal lawyer though he has also passed himself off as an immigration attorney. Looking at this case he also appears to be doing civil law..

    In JA we usually think of lawyer as lawyer… Jcans want a lawyer they just go to one you know or know of… regardless of the nature of your case. But like doctors lawyers have specialties

    I will give you an example, my family had a civil matter and my family member in JA simply went to one of the biggest name criminal lawyers in the country. Lawyer was messing up the case so I wrote a dismissal letter for the family member to take to the lawyer… of course as a big time lawyer this person was most displeased as they never experienced such gall like me wanting to fire big big time lawyer.

    You have heard of the saying … jack of al trades, master of none. In the US I would not entrust my case to an attorney that purports to practice criminal, civil and immigration law. The law is way too complex to be an expert in all these areas… usually is just somebody like how some Jcans love profile up themselves wanting to look big.

  142. Look at the following article from the Gleaner archives… Look at the names in the article… the title of and comments in the article… research the Gleaner further and look who testified for the PNP in the Vaz dual citizenship case as a claimed expert on US immigration law… hint it was DR.

    Now look at who is the attorney for the Doc in his lawsuit… then look at the letter the Doc wrote to the US Senate Foreign relations committee with accusations against the JLP and asking that money not be loaned to JA by the US and IMF etc… look at the accusations being made against the JLP in the letter and elsewhere like here on the blog and by SB and his aliases.

    Now ask yourself, if as is typical of Jcans, is this colored by political affiliations or not… you be the judge.

    ‘Portia is last democratic hope’ – Law professor says PM is champion for the poor
    …Addressing a dinner organised by the ruling People’s National Party with patriotic and “compassionate” business persons last Friday night, Rowe, a legendary defence attorney…

    …He noted that “Portia” had been a “superb leader of the people for the past year despite the deliberate obstacles placed in her path”.

    “Portia is the greatest hope for Jamaican labour in 70 years as she is the modern Bustamante in a regal female form…

    …In his contribution, businessman Sean Belcher …

    http://www.jamaica-gleaner.com/gleaner/20070508/news/news2.html

  143. Member of Parliament (MP) for North West Clarendon, Michael Stern, has been ousted from Parliament as a result of his status as a dual citizenship when he took the seat in the 2007 general election.

    http://www.jamaica-gleaner.com/gleaner/20090728/lead/lead1.html

    Again?

    The Country needs to concentrate on the Olint International Fraud and the IMF.

  144. Whatever the reasons, the public must be told how can these things be and who is accountable. Is the financial state of Petrojam the result of managerial ineptitude or bad policy directive or political interference?

    http://www.jamaica-gleaner.com/gleaner/20090728/letters/letters1.html

  145. Now in case you do not believe me that when you purport to practice many different areas of law, you are often jack of all trades but master of none… Check this out…

    How many times have you guys heard me talk about filing suit against Olint or one of the other UFO’s like MayDaisy and freezing any available funds…

    Yet here you have a proclaimed legendary lawyer that instead of filing suit against Olint to freeze its funds at NCB… files the suit against NCB… the judge has to send the lawyer(s) back to law school… instructing them that they have no case against the bank but that they are free to bring a case against Olint to freeze Olint’s funds at the bank… this is first year law 101. In the mean time they allow the funds to escape… Brilliant and legendary work.

    Doctor loses bid to block transfer of Olint funds
    http://www.jamaicaobserver.com/news/html/20090208T190000-0500_145934_OBS_DOCTOR_LOSES_BID_TO_BLOCK_TRANSFER_OF_OLINT_FUNDS_.asp

  146. What was up with these guys… Fall for Olint and C+ big big time… Is like you supposed to be intelligent lawyer and doctor and you still put millions with dudes like CH and DS… CH probably does not even have a high school education… is like you mek 3 card man tek you money…

    United States-based law professor David P Rowe has sued the failed investment scheme Cash Plus Limited and its embattled head Carlos Hill to recover a whopping J$117 million, making his the largest suit filed so far by a disgruntled lender to the scheme…
    …According to Rowe, he is owed a balance of US$1,663,537.15 as at March 31, inclusive of principal and interest…

    More worries for Cash Plus boss
    Another lawyer files $117 million suit against Hill

    http://www.jamaicaobserver.com/news/html/20080523t020000-0500_135945_obs_more_worries_for_cash_plus_boss.asp

  147. No Judge in Jamaica will grant a Mareva Injucntion against Smith. There are reasons but they are not legal ones.

    It is whole government that falls prey to the 3 card man.

    You don’t agree Nocotec? Yes or No?

  148. Nocotec

    Why don’t you tell your World Wide Web clients how to go about serving a case on olint to freeze assets.

    When you have served ALL of them including Government Leaders again and again at will then you can resume class.

  149. Anyway Nonco I hear that PCJ going come to the rescue and pay off the Olint ‘investors’

    http://www.pcj.com/dnn/AboutPCJ//BoardofDirectors/tabid/156/Default.aspx

  150. @Nonco—-
    What was up with these guys… Fall for Olint and C+ big big time… Is like you supposed to be intelligent lawyer and doctor and you still put millions with dudes like CH and DS… CH probably does not even have a high school education… is like you mek 3 card man tek you money…

    Take pity on the rest Nonco. don’t pressure them they are frail. The list you see is only a partial one. Sending an envoy to Washington on jamaica’s behalf who has a penchant for ‘gambling’ 3 card is worse than Doctor, Lawyer, indian Chief.

    Professors and Leaders and all assoted BACCRA love play 3 card. Don’t pressure Nonco. To them Image is Everything.

  151. And when they ‘GROVEL’ through their emmisaries privately to Smithy it’s not a nice thing. Pityful.

    Be more sensitive Nonco.

  152. And when you see who the emmisary is.

    You would wish it rather be some Doctor or Lawyer.

  153. ‘Jack of all trades master of none”

    No Nonco, don’t go there. Backpedal little bit. I know it is tempting for you but the Queen lurks at an angle. Her eyes been on that prize square on the chessboard waiting patiently.

  154. Not only would you lose a valuable piece you would also be in check.

  155. Nocotec,

    I had responded re the Professor before I read you last article re the professor and Dr who was scammed out of US$1.6M and US $2.5M respectively.

    Just notice the both of the biggest losers had DR somewhere in there name. One has DR for his initials and the other has DR has his title.
    “Brilliant” guys but both could not see a scam for what it was.

  156. @floridian

    At one point Olint was easy to serve… it was not like DS was operating Olint in hiding. The company was operating openly and he had lawsuits going on with NCB. Of course if in your wisdom you decided to wait until he had virtually wound up the company and its reps dispersed, you have to expect that it will become harder. If you wait until then you may have to get a private investigator to track down, lay wait and or trick the recipient.

    This is something I could not understand either. On what planet could you get me to pick up over US one or 2 million of my money and give it to some fly by night operator. Man I would have to be crazy. That is mind boggling and definitely rises to a level of supreme stupidity when compared to someone giving $5000. What one will do with $5000 is a lot different than what one does with a million or 2.

    This is what led to the problems later. I just do not understand how anyone did that. Look at the time lines of the investments.I mean can anyone imagine that if a bank, say NCB, lost its license or was discovered not to have a license… and the regulator (BOJ) was warning the public not to place deposits with them… can you really imagine people still going to the bank and depositing one or 2 million US? Would you not think that depositor was nuts? Well, this is essentially what some folks did.

  157. Nocotec,

    There is a DJ in Jamaica which goes by the name of Professor Nuts, I think this aptly describes the law guy.

    Re the Dr. I cannot find a good one for him as yet.

    Think about it seriously, I am not sure how much the Dr invested as the US$2.5M represent principal plus (false) profit ( Pun intended).

    Lets say he started out with US$1.5M he would been earning or expect to earn $US150K per month.
    At that incredible rate, the Dr would have had an account balance of US$1.3B in just 7 years ie he would be billionaire simply by investing and not touching the monthly interest payments.

    How did he miss that improbability ?

  158. @Nocotec

    Stupidity, greed or both or what?

    I like you remain puzzled how people could have taken US one, two million dollars respectively and dump into two questionable organisations, especially with the warnings of the FSC

    There is absolutely no way I would put my father’s retirement funds in such a ‘risky’ venture.

    It becomes even more puzzling when the same persons turn around and blame the government for their predicament.

    lawsuits timing
    The timing of the lawsuits was another issue. Following the December 2007, OLINT basically stopped paying. By then the lawsuits should have started. In April 2008, the collapse of Cash Plus was clearest signal for OLINT investors.

    Instead the excuse was Cash Plus was Different from OLINT. CH was a convicted thief while DS was a persecuted Christian, one operated a conglomerate and the other dealt with FOREX.

    Well both the convicted thief and persecuted Christian have fraud charges lined up against them. Still they remain innocent until proven guilty. We await the verdict.

    What is not in doubt is that OLINT and Cash Plus were Giant Ponzis/.

    J & N check your mail

  159. Jay, Nocotec, TheCynic, Bob

    The other thing is jealousy & grudges. While the ‘Government’ of the time and others were warning people not to invest, there were individuals in the ‘Government’ and ‘Government in waiting’ that apparently had invested in OLINT and possibly Cash Plus.

    The Green EYE monstor and Bacra psychology struck!

    Instead of looking at the merits & logic of the warnings the intelligent doctors and lawyers came out with expressions like “eating dirt”., ” crab in barrel”, “greater social conscience ” and saw this as the opportunity to make it big.

    Not big enough
    Now you can ask me how can men with US one and two million dollars to dump in these schemes not consider themselves ‘big’? Simple if they ‘perceive’ others to be bigger than them, they will then ‘percieve’ themselves to be small and hence the need need to ‘stepup inna life’. OLINT and Cash Plus would fulfill the lotto dream!

    I argued that if persons in the ‘Government’ were investing while issuing warnings they were only trying to “keep black man down” and it was just a question of who was in the greathouse. We have seen the issues of race come out the ‘whites’ or the ‘new whites’ holding down ‘black man’.

    The problem is their actions resemble those in the ‘Greathouse’ and one wonders whether the “greathouse” mentality has got to them.

    Notice the lawsuit against NCB before asking the courts to freeze OLINT’s funds in NCB. Was is possibly because somewhere inside the possibly believe that “new white man” actions is going to prevent them from getting their money ?

    Another example is asking the USA government to pressure the IMF not to ‘help’ the people of Jamaica(where they no longer reside) until they have settled their spat with the current ‘greathouse’ occupants is simply appalling.

    Jealously has its roots in selfishness therefore one should not be surprised.

  160. I just came across this rather interesting article re another allegedly ponzi/fraudulent operator.
    As I read the article a couple of things reminded me of the caribbean ponzi operations and I note that the modus operandi are almost identical.

    Here are a very of those salient points:

    1. “Mr. Tang said he was “looking forward to defending my name and reputation to showing my innocence.”

    2. But in a telephone interview with Canwest News Service before the charges were laid, Mr. Tang insisted his operation, which he defined as “benevolent business”, was private in nature and was conducted in just a “non-traditional” way.

    3.”It was wrong for the OSC to shut down private business before they figure it out,” said Mr. Tang, who the SEC describes as a Chinese-Canadian living in Toronto.

    4.Among other things, according to media reports, he organized and financed Toronto’s Chinese New Year galas from 2007 throughout 2009, which were popular among recent immigrants from China. He also donated generously in the wake of the Sichuan earthquake occurring in May 2008.

    5.He posted a number of letters written in Chinese on his company’s website. In one, he told investors: “I hurt you deeply because of my sin. . . . Please give me a chance to make money and recoup your loss.” He also said the losses were simply due to “too many redemptions.”

    6.He posted a number of letters written in Chinese on his company’s website. In one, he told investors: “I hurt you deeply because of my sin. . . . Please give me a chance to make money and recoup your loss.” He also said the losses were simply due to “too many redemptions.”

    Anything in the above sounds familiar.

    How about 9months you will all be paid back.
    I will fight to clear my name as I have done nothing wrong.

    I am convinced that all these guys read the same “book” . 🙂

  161. John Doe, Jay, Nocotec

    On ‘fly by night operators’ I think of Dextra Bank putting money with one. I think of at least six financial institutions out of Jamaica (Charles Ross will bring justice hahahahaha).

    I think of Northern rock in the UK. So many.

    I think of ‘astue’ businessmen and pension fund managers in Jamaica who are ‘experts’ in law.

    Yes the checks came from all over. Building Societies, church etc.

    I think of the Big Man himself. He was the first to make it known to me he could backpedal.

    Maybe the ‘fly by nights’ of history should be Lynched. Who knows.

    Personally I see no need for any Commission of Inquiry in years to come over this.

    What I see is sugar and water, smelling salts and Brandy if it can be afforded right here and now in the present.

  162. Yes John Doe I like your word appauling.

    Taking stolen money and on top of it claiming to have been warning people while still aswking for money to this day is most certainly, appauling.

    As Bob Marley sang, “How could you ever give your more….to recieve you less…”

  163. DR…DR?….DR….oh yes DR stands for Dominican Republic.

  164. I like the math Jay. Math is a language and such can be put to many scenarios.

    i wonder how long (with the math) it would have taken to clear Jamaica’s debt at such a rate?

    Like the Australian model. hahahahahhahaahahaaaa

  165. What of the bank manager in jamaica who wanted to hire Smith for the bank? hahahahahahaaa

    He went up the ladder. what you call that Jay?

    Moving from Micro to Macro? hahahahahahaahhahaaa

  166. unnooa get real. are you not able to see DS for what he is.

    DS has undergraduate & MBA…. fact….
    DS work as trader at JMMB for 7+ years…fact….
    DS member of church on rock….fact….
    DS councilor at Moorlands christian camp….fact….
    DS come from good family….fact…..
    DS daddy physics major, and ranking chess player…..fact….
    DS mommy physics teacher….fact….
    DS classmates in MBA say DS is genius…..fact….
    DS care about charity and help hospital, and thing like dat……fact……
    DS all have christian group mary mary sing for him a festival him tek wi money and sponser…..fact….
    DS make good corn for JMMB as trader …..fact……
    DS tek a mint a money from him good friends and tell dem him straight, all him childhood friends trust him…..fact….
    DS all sue NCB and FSC cause dem a mash him down unjustly him claim……fact….
    DS allow article to print a yard dat se him a one a de best currency trader in de world…..fact…. nough man believe di article…….
    DS give docs to bovell to show se him liquid and straight when FSC a yard a lick him……fact…….
    DS use christian man to go bout church to raise money from one an all…….fact…..
    DS allow bovell to go bout de place a se DS a master and him straight and de money de as bovell see it…….fact……
    DS all se dat prophet a church on de rock se him a go run like swift runner and have success…..fact…….
    DS se to nough man dat God in Heaven give him dis great gift fi currency trade…..fact….
    DS set up legitamte business in USA & TCI with martinez and wildish an all get relevant lisence in said naions…..fact……
    DS obtain legimate finiance lisence in both USA and TCI wid DS as principal, while all negatives a fly bout de place…….fact……
    DS tek money from rich and poor from good and bad an se dat 80% of what entrusted unto DS safe and sound…..fact…….
    DS still a tell man right now dat him have a mint a dem money and dem a get back nough corn when dis ya matter resolve in court……fact……
    DS a married man wid three pickney an a wife…..fact……
    DS love a red stripe from time while him a watch soccor, tennis, crickit, ect……fact…..
    DS good a card game…..fact…….
    DS leave JMMB and launch his own fund to do what him do a JMMB but wid new formula, so client do better…….fact…….
    DS all give interview bout him trading ability and de markets him involved in……fact…..
    DS approched by several big big international firms dat try to hire him fi trade fi dem corn…….fact…….
    DS no poor man when him start dis ya business…..fact…..

    now dat a de facts? when man look at dem de facts, one would a tink dat DS is a genuine youth and him talented at what him do.

    Lem mi ask di learned men pon dis ha blog dat have di full hundred and more. mek mi humbly ask unooa:

    1) Could it be dat when wi look pon di fact wi mek mistake when wi trust DS?

    2) Could it be wid all dem positive ting dat DS have going on for him dat him could a lie to wi about him trading wi money as him promise wi him a go do fi wi?

    3) Could it be dat DS never get touch from God on High as him tell nough of us he was, and dat DS a tell lie pon God on High, when DS sey dat God on High touch DS & give DS dis great currency trading ability?

    4) If DS can tell lie pon God on High, you no tink DS could a tell lie to us mere mortals?

    5) and dis a di most important question> is who wi blame in dis whole ratid mess?

    do we blame ourselves
    do we blame the authorites
    do we blame God
    do we blame those people who vouched fi DS
    do we blame the church
    do we, as does DS blame……lee chin, fsc, the banks, due dilligence, former helper bovell, wildish, the trading platforms, the invstigators, ect ect ect
    do we blame red stripe
    do we blame di alleged gal dem

    or do we actually have the courage to lay the blame at the feet of the person who is really to blame for this ratid mess and what is his name again?…………………….

    and do we have the courage to demand the truth, from this individual who we all put a great deal of trust in, however painful the truth may be?…………………………………

    a beg unnoa wise and learned men wid di full hunded if you would answer mi humble likkle questions dem.

  167. Jay, John Doe

    What is ‘interest’ and what are ‘trading gains’?

    Are we skirting a confession? Or are we holding the line?

    Perhaps we must contemplate sacrificing a piece on the chessboard in an attempt to get out of ‘check’???

  168. What a select set of ‘facts’

    DS sponsored…….fact hahahahhahahaaha
    DS paid Donna X amount…….fact hhahaahaa

    DS robbed the wrong set of people…..fact.hhahaahah

    DS bought the wrong set of people……fact hahahahaa

    DS drove some fancy cars in Jamaica…..fact hahahahaa

    DS formal education is nothing to what he learns in school nawadays…….fact

  169. The ‘check’ martinez hands to Smithy in the Observer picture is only as real as Tracy’s surprised look…..fact

  170. floridain

    i guess DS never fool you up and you never invest any corn wid DS, so yu smarter dan all the rest of wi.

    if you look pon it you would a realized that what mi a seh is dat DS is not what DS appeared to be and made himself out to be.

    DS made himself out to be honest upstanding business man and a world class currecny trader.

    this whole mess has occured due to the fact that DS is has not been honest and open with the very people who trusted DS.

    to dis day DS is not being honest and open with those who trusted him.

  171. I hear you Jeddidiah

    He is not even being honest with the ‘protectors’.

    Not much different from the days of old in the holy land. There are swathes of people who feel that to pull off a caper is to have ‘won’

    They get very flustered when the game they start is to be finished by those they decieved.

    They so ancy they even say S…T like “but you invested on your own accord!”

    Sure. If that makes you feel better. But I prescrible quite objectively to them as this time: Sugar and wata and smelling salts etc.

    Starting something is relatively easy. lots of laughing and carousing and pats on the back….oh what a comraderie. Finishing it is something else. Try Andrews salts…liquor is designed to go to the head …..to much party last night.

  172. wi invest in what we percieve to be an honest jamacan businessmen on di up and up wid plenty positive things going for him, and nough experience in banking and trading.

    you right, DS start di game, but wah DS tell wi and what truly appear to happen, it look like DS mek it up in him him likkle head and is mek believe, dat a fly round di youth DS head.

    so as unnooa sey DS game a come to an end, & as yu predict DS no honest wid wi so is one ratid mess but DS a go haffa answer fi wi question, and wi a go know what really go on and what him do fi wi corn.

    if DS lie bout God and to wi den DS a go have to bear de consequences of di mek believe dat a fly round about in DS likkle head.

    you right floridain DS a go haffa face di very man DS lie to a decieve and have dem corn and no give it back.

  173. @jedidiah

    Interesting and thoughtful post. One can quibble with some of the ‘facts’ but interesting post. For example… has there been any proof ever offered that he was trading FX on the international markets at JMMB and if he did, was he very successful. Or was he running a cambio like operation?

    The problems arose for almost every investor because of one basic and simple reason. When investing, always follow this basic rule from Buffet… Never invest money in a company, fund or entity unless you understand how it makes and loses money.

    In the case of Olint this meant:

    1. credible proof that DS traded FX and proof of success over an extended period.

    2. The published or claimed returns… was this credible over the periods claimed… did anyone else have positive returns each and every month and of such magnitude.

    3. In the FX markets, what was the likelihood that someone operating a one man operation could make and sustain such returns trading hundreds of millions.

    4. How does he make money is followed by where is a simple audited statement.

    5. What legitimate reason would there be not to provided audited returns and to fight regulation. The FSC regulation does not stipulate trading methods etc, only registration by fit and proper persons etc

    These fundamental principles were not followed, instead investors are solely to blame because they skipped these principles in favor of the lure of quick riches.

    The fact that investors are to blame does not absolve the culpable parties, DS etc… They need to be subjected to the full force of the law.

    It is like this… If you went walking in the inner city with US $100 bills in your hands and hanging out of your pocket… and you got robbed or worse… would you say you are without blame? But would you not also think the culprits need to be apprehended and punished?

  174. TCI Weekly July 25-31 2009

    A “Change of heart?”

    Dear Editor,

    i am writing this letter in response to a front page story that appeared in the last weeks TCI Sun.
    Ms Boyce, you never cease to amaze me. how convenient for you to have your husband publish that fluff piece regarding ‘Protect TCI Jobs’.
    you are a big part of the reason the country is in this shape. You, michael Misick and the rest of your band of theives were part of nothing short of a massive Government Ponzi scheme that set this island on a course that will take 20 years or more to recover.
    What happened to the food bank that your department was going to oversee? i haven’t seen a donation box in over a year.
    And you are “concerned about how people are going to feed their families?” You did not seem to care a year ago, why the sudden change of heart?
    With the global recession, lack of tourism and investors being scared off by all the corruption, you have got a perfect storm. and now your ponzi scheme comes crashing down.
    It’s unbelievable the lengths to which you and Mr. Misick go to blame everyone but yourselves for the disaster this island is in.
    Why don’t you use your time in a more positive way? Start that food bank, teach free seminars on customer service, teach children how to read.
    If you are concerned about cutting people’s salaries, give all of yours back. give everything that you took back to the people of the TCI, the people really need it.

    Signed,

    CONTINUE TO BE OUTRAGED

    http://www.suntci.com/index.php?p=story&id=235g

  175. @jedidiah

    Let me summarize Nocotec for you

    1. Where is the proof that some of facts were not illusions?

    2. 10% gain in a month is not equal to 10% gain per month over many months.

    3. 10% gain on $1000 is one thing but 10% per month consistently compounded on 100 + million is another. (you get that?)

    4. Audited Statement is a must (reputable companies only)

    5. Abiding by Regulations is a must (Do not fight the regulator)

    Who is to blame?

    You!!! You Simply got greedy and blinded by the returns.

  176. @jedidiah

    You!! = many investors in OLINT not you unless you were an investor 🙂

  177. David smith bragged about being offered a seat in Five Cays /Chaulk Sound by the Government.

    But that’s Lillian Boyce’s seat.

    Any offers like that came to him in Jamaica?

  178. John Doe,

    Although nocotec avoids answering yes or no questions (at all cost).

    Perhaps if you as nocotec this one you might get an answer:

    Nocotec would you invest in GOJ Bonds? If not why?

  179. We have seen the Golden Locket exposed.

    What is the story on JABEZ CAPITAL MANAGEMENT
    http://www.olintja.com/docs/SHAREHOLDERS_AGREEMENT_FOR_JABEZ_CAPITAL_MANAGEMENT_INC.pdf

  180. WHERE HAVE ALL THE PARROTS GONE?
    by Emanuel Balarie

    http://www.financialsense.com/fsu/editorials/balarie/2007/0928.html

    Note: I am no longer affiliated with Wisdom Financial.

    Wasn’t this Issa’s baby?

  181. @floridian

    Maybe I should ask you this question. Would you invest in GOJ Bonds?

    BTW the J$ bonds were paying 20-22 % p.a some fix and others variable for periods of 1-3 years. Interest payments every 3 months.

  182. John Doe

    still won’t answer.

  183. Hahaha AML Belarie trying a ‘Smithy’ there.

    “I am no longer associated with wisdom investments” brother you don’t have the requiste authority or permission to leave.

    hhahahaa

    Remember when Smith tried to give a blessing to his workers and followers that they were to walk away …’free’ hahahhaaha

    He also had no requistes and he still does not.

  184. Strolley get paid.

  185. Yes Noncotec, remember to close you mouth.

    Oh I forgot people with cases not going to get paid. hahhahaahahahaa

  186. Oh yes it was not just the case some email if I recall.

  187. In court documents, Issa said he and Harjani had no personal dealings or contract with Von Strolley. He said also that Wisdom Investments Holdings Jamaica Ltd had no dealings with Von Strolley.

    BVI had one.?? Wisdom…
    Cayman Islands had one. Wisdom…

  188. He also claims that since February last year he has not received any returns on his investment and contends further that despite repeated demands, he has not received the principal.

    Same February that Harjani asked Smith to withdraw $4 million from Joey Issa’s Olint account to pay for the house?

  189. It was rumored that there was a problem.

    6. OPTION TO PURCHASE ON DEATH OR OTHER DISABILITY
    6.0 In the event that a Shareholder becomes deceased or suffers from a permanent mental disability, the other Shareholders will have the right to purchase, on a pro-rata basis, the shares of the deceased/disabled Shareholder from the estate of said shareholder as follows:

    “suffers from a permanent mental disability”. That is an odd thing to put in a contract.

  190. “Joey Issa’s Olint account to pay for the house?”

    I think in TCI. It use to say something in wirelessexpressions.

  191. “I think in TCI.”

    That might be wrong.

  192. “suffers from a permanent mental disability”.

    Does Stirling have that in their contract?

  193. EMANUEL BALARIE NFA ID: 0358249

    http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0358249&rn=Y

    He is associated with dead CPO’s and dead broker dealer.

    It took him 2 years to dissociate from a dead broker dealer.

  194. It is full time for this blog to avoid personal attacks.
    The blog should not descend into the gutter by attacking and calling OLINT investors stupid and ignorant.

    Some parties who make contributions such as Jay and Nocotec apparently did not lose any money. I am happy that they were prudent in their decision making process but I am sure in their respective lives they have made mistakes. After all only ONE man was without fault and he left the face of this earth over 2000 yrs ago. Therefore no one is infallible.

    I would suggest the personal attacks on individual investors and the respective legal counsel be put to rest. Rather let us focus on the parties who have defrauded us:
    David Smith +family, the Martinez family and the many other co-conspirators.

    AML, Floridian and the many other well thinking OLINT investors keep up the good work. Please keep sharing the documents with us. My attorney’s (Bondurant &Mixson) have found your respective contributions revealing.

    We all have a huge battle ahead of us and thus like the Battle of Trafalgar,
    “ENGLAND EXPECTS THAT EVERY MAN WILL DO HIS DUTY’, let us fire ahead and seek the justice every man, woman and child affected by OLINT deserves.

    • @AI and the group

      Here! Here!

      • @American Investor

        You are out of Atlanta I believe. Do you own a hedge company? Does the word Peaberry mean anything to you? do you have an uncle E, from Cardiff hall, Runaway Bay? I

        Respectfully, will you please respond to the questions?

  195. Look like i might need to turn up the A/C and tek off mi shirt…..

    place a get HOT!

  196. Shame on Cynic. Just drink some ice water. Make sure that no kool aid residue is around because we to now look at the Brancourt emails.

    He’s had long enough to issue an apology for bareface lying.

  197. i read what you sey, you right mi make mistake and trust di youth DS. my sorry me never see clearly at di time. mi sorry mi ever do any business wid di youth DS.

    nuff respect to those who did a see di youth DS fi what he was. nuff respect to you; you a laugh at mi now. but mi say nuff respect to unooa.

    di only thing mi can say is dat is not only me dat DS did a send wide, is nough other man, and even govenement body appear to have been fool by di youth DS. Mi want to know di truth as to how far di youth DS did a mislead all a wi. Mi want know dis!

    if DS tongue was likkle honest, den is nough suffering would avert. is plenty stress DS crooked tongue bring pon man.

    Ok mi mek mistake and trust DS so me a go get back to work fi come back from dis lick, may God smile pon mi work and grant likkle success to I, please Father send help and restore I.

    over and out!

  198. Hover han out. Jeddidiah you spell patios/creole like an uptowner would. You might be ok for money then.

    Yes even in writing the dialect one can learn a lot.

  199. Anyway just who and what is Brancourt?

  200. @Floridian

    GOJ bonds are ok as a limited part of your portfolio. Would I invest, yes. They are backed by the full faith and credit of the JA gov (for what that is worth) 🙂 It means as long as the gov has the ability to print money and or levy and collect taxes you will be repaid.

    The problem is generally by the time you are repaid, inflation and devaluation may make your money worth less than it was before investing 🙂 But in general gov bonds are fine but the % of portfolio is dependent on how long you want to hold them and how far you are from needing the money among other personal factors.

  201. Thanks for being so candid Noco.

    Noco (or anyone else) what you know about Brancourt?

  202. @American Investor

    The investors and legal counsel to which you refer, by their actions placed themselves up for examination. When folks made a personal decision to invest, when in retrospect even they should admit they made a mistake… When such persons, who generally reside outside JA…. write or cause letters to be written to the US Senate, US President among others… requesting that financial aid be discontinued to the entire country…

    Such persons deserve to face close examination to see what their motives may be. How can one make a personal mistake and then try to punish an entire country because an individual or group of individuals stole your money?

    • It has happened before. It had to do with a rich Texan, Jamaican beach front property, and a Congressman, who threated to lobby votes against financial aid to JA

  203. Guess what happened?

  204. Why is it that as soon as you point out mistakes, some persons consider it personal?

    When people were calling detractors dumb, stupid and ignorant for not investing in OLINT, Cash Plus and for being bad mind where were some of these voices screaming for ‘so call attacks’ to stop?

    Has the ’eminent legal counsel’ apologized for tell people to eat dirt? Has he said he was wrong about Cash Plus?

    Take the Super Plus boss, the ridicule he suffered for publicly speaking out and warning people about the UFOs was sad.

    If an OLINT or UFO investor ask me who is to blame for their situation, they get a straight answer. They are to blame.

    For many, their ‘actions’ were simple stupid, downright greedy and for others peer-pressure got the better of them and a few naive ones were misled. Many who should know better were simply blinded by greed.

    One of the first steps in correcting bad habits, including poor investment habits, is to accept that YOU the person in the mirror made a mistake.

    Blaming others for you own stupid actions is pointless, avoiding blame and running behind your mother like a little child is also pointless

    You are wrong you are wrong, you made a mistake you made mistake.

    @floridian

    I see you got your answer.

  205. @American Investor

    By the way… if you have followed me from the beginning you will know that the last persons I want to see keep or benefit from investors money are the principals of the UFOs… I have crusaded against them from the beginning. I wish investors luck in recovering whatever can be recovered.

    However investors must be careful they do not follow one mistake with another. In a situation like this some lawyers effectively will be just a legal form of the boiler room operators swooping in to take more money from the victims with a meaningless promise that they can remedy the situation.

    If you are hiring a lawyer, make sure they have competence in the specific area, not just that they are lawyers. Mistakes made by a lawyer such as the one I pointed out are effectively almost as bad to the victim as the thief stealing your money… since it can allow money you may have recovered to escape your grasp. This may cause you to end up being out the stolen money plus the legal fees… obviously worse than just getting robbed alone.

  206. At least 440 investors got swept up in a $50-million real estate investment deal that turned out to be a Ponzi scheme run out of the Detroit area

    According to the SEC complaint, investors were promised annual returns of 8% to 12% for membership interests in a purported real estate investment. The money was to be invested through BBC Equities and Bravata Financial Group.

    The SEC charged that not even half of the $50 million raised was actually spent acquiring real estate, and that Bravata and Trabulsy used money from new investors to make Ponzi-like payments to earlier investors.

    http://www.freep.com/article/20090728/BUSINESS06/90728039/1002/BUSINESS/SEC–Michigan-men-scam-hundreds-in-Ponzi-scheme

    Consider this, even at returns of 8-12% per annum you need to be careful. How much more careful must you be with annualised returns of 120-214%?

  207. Ah the word “membership interests”.

    “The SEC’s complaint, filed in U.S. District Court for the Eastern District of Michigan, charges Bravata’s son, Antonio Bravata of Brighton, for selling the unregistered securities and acting as an unregistered broker.”

    Sound like JIJ.

  208. @JohnDoe

    Do not forget that UFOs like Higgins Warner, MayDaisy et.al.. were able to attract thousands of investors while promising returns of 20 % per month or annual returns 791.6 %.

    In other words an investment of $10,000 after 3 years would become $7.1 million. And thousands of people believed this…

  209. @ Harbourshark

    If you go back far enough you would discover I was calling for investors to bring actions to prevent funds invested with the UFOs (Olint, C+ etc) from being used for the personal defense of the scammers. Olint and the others were run without any separation between company funds and salaries or personal funds of the principals.

    Investors allowed the principals to steal their money and then use this stolen money to defend themselves against the allegations that they stole the money. Does that make sense? However investors were still busy believing that DS would make good after 9 months. So get your facts str8.

  210. Take the Super Plus boss, the ridicule he suffered for publicly speaking out and warning people about the UFOs was sad

    John Doe as far as I know Super Plus boss got UDC. That’s a prize in the system we call Jamaica. It always makes you TOP CAT. The NIBJ and PAJ are way behind.

    But perhaps you may have meant Leesching.

  211. @Nocotec

    ” When folks made a personal decision to invest, when in retrospect even they should admit they made a mistake… When such persons, who generally reside outside JA…. write or cause letters to be written to the US Senate, US President among others… requesting that financial aid be discontinued to the entire country…

    Such persons deserve to face close examination to see what their motives may be. How can one make a personal mistake and then try to punish an entire country because an individual or group of individuals stole your money?”

    Presisely Nocotec. Just aim your critisim in the correct place now. Or if you would rather not then read below.

    @ John Doe
    Blaming others for you own stupid actions is pointless, avoiding blame and running behind your mother like a little child is also pointless

    ‘The oppressed people and the oppressors are at loggerheads. the day of reckoning between the forces of freedom and those of reaction is not very far off. I have not the slightest doubt that whenthat day comes truth and justice will prevail…The feelings of the oppressed people have never been more bitter. The grave plight of the people compels them to resist to the death the stinking policies of the gangsters that rule our country….to overthrow oppression has been sanctioned by humanity and is the highest aspiration of every free man.”

    “A freedom fighter learns the hard way that it is the oppressor who defines the nature of the struggle, and the oppressed is often left no recourse but to use methodsthat mirror those of the oppressor. At a certain point one can only fight fire with fire.”

    Excerpts from the “No Easy Walk to Freedom Speech”

    By NELSON MANDELA

  212. Yes….Yu tu.

  213. File da one deh pon you babylon file whe yu seh yu a file pon mi.

  214. “Although i read a variety of newspapers from around the country, newspapers are only a poor shadow of reality; their information is important to a freedom fighter not because it reveals the truth, but because it discloses the biases and perceptions of both those who produce the paper and those who read it.”

    Rolihlahla.

  215. Tuned to the blogs.

  216. Stay tuned.

  217. Smithy set the course. Stay it if you wish.

  218. To attack lawyers who are merely representing their clients does not advance the cause.

    I have followed this blog extensively. Therefore, I will reiterate there is NO NEED for us to descend into the gutter by attacking and calling OLINT investors stupid and ignorant.

    I have seen and heard that many plaintiffs other than Dr.Walker have requested David Rowe to represent them. To be honest my law firm used his lawsuit as a template, simply because there was no need to reinvent the wheel.
    Personally I do not think I can castigate a man for trying to expose corruption at the core of this OLINT scheme. I know because of the USA’s involvement things will get done.
    Further, the very Government asking for aid in one hand is unwilling to assist the mighty USA in the other. Do you think that situation is going to be tolerated for long by Uncle Sam? Ter you are very smart and I applaud your intellect. You pointed out a number of correct things on the blog including the strategy which has worked in the past of applying pressure to a Government to do what is necessary. In this case, for them to investigate and prosecute David Smith and his family.
    Clearly, Jamaica will receive aid from Uncle Sam and the poor people of Jamaica will not be allowed to suffer. However, now that Uncle Sam is aware of the situation, I am sure we will see a new fervor in the Jamaican police to investigate Smith et al. I wonder why the sudden interest on the part of the Jamaicans?

    It is sad to say that Norman Manley was laughed at when he argued the Vicks case in London. It is therefore time that we stop using this blog to degenerate professional accomplishment and support those who are in the fore front of the battle on behalf of the investors.

  219. Nocotec, you have contributed with great clarity and intellectual fortitude to this blog. Many of us have read your material and researched your points.I believe that there is a great difference between disagreement with a professional’s political opinions and the denunciation of the professional’s competence.If you are a professional in the same field then you may have a basis for an opinion.You may check with Jay but I think that criticism of a professional in his or her capacity as a professional is slander per se if spoken and libel if written. Libel attracts special damages in Jamaica, which can be assessed against the individuals’ assets Please consult Winston Spaulding QC on this point if you disagree. You do not need to insult others professionally to bring your point across. It may become an expensive endeavour.

  220. @american investors

    Support for UFOs

    One lawyer is in a interesting position. Not only is he representing his clients, he also has a lawsuit against another UFO. Add to that he wrote a piece where he refered to the regulators and used the terms eating/eat dirt (in the Sunday Herald). He also openly supported the UFOs, in particular the one run by an ex-convict.

    If that that does not open him up for public criticism especially now that his public utterances on the UFOs has been shown to be nonsense.

    I wonder how many persons invested in the UFOs becuase of his chastising of the Regulators?

    Are we going to recklessly accuse that media house of succumbing to bribery to in order to publish that article in support of the UFOs?

    Again I asked has he humbled apologised to the regulators?

    Any word on how the Cash Plus lawsuits are proceeding?

    Why no application to freeze OLINT funds?

    Rulings in courts that are released and rightly reported on are a public matter and can be commented on freely in a responsible way.

    Why OLINT investors did not apply to have the court’s freeze OLINT funds is unbelievable. We have a good idea why they did not.

    OLINT investors believed for a long time that the BANK was fighting them, it was the BANK that cause the downfall and the BANK was to blame!

    So even at the last moment when the focus should have been obtaining a freeze order on the OLINT funds,what were they doing? Alas they should have sought the freeze order on the OLINT funds a long time ago rather than chastising the BANK for wanting to close the accounts.

    NCB could have been in trouble
    The NCB issue could have been more interesting, if NCB been had done nothing and had not fought to close the accounts. Given the charges of Money Laundering, NCB could have found themselves right in the middle of money laundering allegations and possible lawsuits, given some of the banks that have been included in lawsuits.

  221. @labourite…
    Looks like you read up on Libel, congrats. Now we expect that we wont see any of your wild accusations.

    In criticising the actions taken invariably you criticise those that took the actions.

  222. @Labourite

    The defense against libel are facts and the truth. As JD pointed out, hopefully you will now refrain from your wild unsupported allegations. A court ruling is public information. The judge’s opinions can be freely cited as factual information as to what the judge stated. Some folks seem to get upset when the public actions of a lawyer is cited.

    You should also note that libel laws differ in jurisdictions… Ja libel laws are archaic… In the USA if you are a public figure or place yourself in the public view in newspapers etc… the bar to prove libel is much higher than in JA.

    Quoting public information from speeches and from court rulings and filings is allowed. They are backed by the record and speak for themselves. Hopefully you will now restrict yourself to such info rather than wild unsupported allegations against others.

    Interesting… You can see how some investors get upset about any info they think is contrary to their current belief that they act irrationally… and usually against their own best interest.

    Consider how Harborshark, you are familiar with him too, right 🙂 … he is not pleased that alleged unfavorable info about one of DS’s lawyers has not been pointed out… Now why would you wish to help your opponent by pointing out possible shortcomings in his representation? 🙂 See how investors continually act irrationally because they do not like the info?

  223. @American Investor

    As I have pointed out before… some actions once taken lead to results that simply cannot be fixed to restore the original state. Investors should have been clamoring/demanding that Olint and DS and the UFOs face criminal investigation and should have filed lawsuits way back… Leaving it until this late in the game does not mean the original failure can be repaired.

    Instead of such action, some of the lawyers now suing UFO’s saw it fit at the time to to publicly support UFOs in newspapers and elsewhere. These are facts, inconvenient though they maybe.

    Think about this for a minute… DS took up residence in TCI. He has now been criminally charged in TCI with several serious criminal counts.What is the potential sentence if he is found guilty?
    His trial will wind its way through the TCI court system and if found guilty, he may file appeals up the chain… How long will this take? Suppose he is found guilty and sentenced… Suppose he got 20 years..

    Given the above… why do you think now is a good time for the JA authorities to pursue criminal charges against DS? Suppose he is sentenced in TCI… they should just put the file on a shelf and wait until he gets out of jail to bring him back so they can then start their case?

  224. John and Noco, as one who reads and benefits from the blog, I trust that you are taking the appropriate defamation advice or the blog may not be up for too much longer.

  225. A common trend among many investors is this belief that the reason they lost their money is because of corruption… DS or others were bribing the gov or newspapers or some such…

    I really do not get this idea. Across the entire fabric of JA society it seemed that a country and many in its diaspora went mad. There were so many influential people that they or their family members and friends invested that UFOs became like a living organism. This organism began to act and behave in a way to protect itself and extend its lifespan.

    Newspapers publishing favorable article or failing to publish critical articles that they might have… may have had some influence on public perception… but when was it that newspapers have not been like this… See the current criticism of the Observer… remember Manley’s, DK Duncan etc criticisms of the Gleaner…

    Newspapers have never been able to please everyone. It is the responsibility of the individual investor to determine the suitability of his/her own investments, not to base this on what they see in the media.

    With respect to political contributions, has anyone shown they led to any official government action in favor of Olint or DS etc… particularly since the exponents of this view seem to have decided that the then governing PNP was immune and it was the then opposition that was guilty. I am not saying there was none but I am hard pressed to see why there was a need for any such action when so many of the influential folks were vested and had an interest in their organism perpetuating itself.

  226. @labourite

    “John and Noco, as one who reads and benefits from the blog, I trust that you are taking the appropriate defamation advice or the blog may not be up for too much longer.”

    Certainly we have been and we will continue to.

    I am pleased to see your new position and glad to know that some of the wild unsupported accusations we have seen from time to time will now stop.

  227. Labourite, Said: John and Noco, as one who reads and benefits from the blog, I trust that you are taking the appropriate defamation advice or the blog may not be up for too much longer.

    LOL… all of a sudden you are now concerned about defamation… You were not concerned when you and your various nicks were making wild unsupported allegations against other parties… Now you would not mind seeing the blog suppressed for pointing out public information that appeared in newspapers and court documents and that some parties were only too happy with when such terms as legendary were being used to describe them 🙂

    Very funny… For example how come we did not see the same concern when Tafari made allegations against a JA lawyer turned liquidator… note that he never cited sources 🙂

  228. I advised the lawyer of the libel. It is for him to take formal action. He does not consider the blog as beneficial to the public as I do. You may still receive a writ on that one.

  229. @Labourite

    Now See what I mean about how investors fail to act in their own interest… have you actually read some of the publicly available pleadings… Maybe instead of pointing out what you perceive as libel, you should have used the posts to point out that it was cited that there were factual errors in court filings…

    At the core and a central tenet of what DS and Olint was doing was to try and make the scheme believable. By doing so he was able to attract a wide cross section of investors. Did he ever actually promise… and did he in fact pay out 10 % per month? He varied the returns monthly ranging some where from approx 6 to 18 % per month. This was central to the scheme as it made it more believable that he was trading FX and making variable returns.

    Look at the filing… What does the following sentence mean? “The nature of the ponzi scheme was that investors were promised 10 % per annum per month on their returns.

    Does the sentence make sense grammatically? Is it a factual recital of the facts? Is this not a core part of the allegations against Olint etc?

    In my initial posts I deliberately refrained from quoting any such errors I saw because doing so may serve to help the other side 🙂 I merely pointed out the fact that there were factual errors. Maybe I was wrong, but I thought I was being helpful and this that would have triggered the parties to go back and read the filing carefully. 🙂 At least that is what I believed a reasonable person would have done.

    Instead as many investors have continually done, the reaction is always to see anything perceived to be against them, not for its positive effect but as a negative attack.

    • @nocotec

      I have a question. Has DS been found guilty by the TCI court system? He has not as far as I know.

      Why did they order the liquidation of Olint TCI? Wouldnt this action prejudice any jury members that might be appointed, providing they have a similar system to the US. ( I know nothing about law, mine is more of medical and trading) Thank you for your response. -Ter

  230. Very funny indeed when unfavourable comments, with no public information to back up the claims, about one of DS’s former lawyers was only recently uttered I have seen no condemnations… I would not even repeat the careless statements.

    Oops! Oh but then again I wonder who posted it?

  231. So far as we have watched, there have been no convictions, or no official declaration of official proof, that Olint is offically a ponzi.

  232. @Ter

    No, DS has not been found guilty. His trial has not started yet. A corporation is a separate and unique entity from the share holders or owners. It it owes money and cannot pay it because it is insolvent, it can be forced into liquidation by its creditors.

    Since Olint is a separate legal entity from DS, action against it by its creditors can proceed. The fact that it owes more money to its creditors is factual. It is not opinion. Why should creditors be forced to wait until one or more of the corporations shareholders is tried, maybe convicted and exhaust appeals before they can get their money back?

    What possibly makes this confusing to you is that DS acted as if he and the corporation were one and the same and not separate entities.

  233. @Ter

    I am not a lawyer but the company and the individual are separate entities, and the jury will be instructed as such.

    The company went into liquidation because it was not able to fulfill its ‘obligations’ to its “investors”, creditors etc who complained to authorities and there were apparently questions about the “nature” of the business.

    In this case the court can order the company wound up “compulsory liquidation”.

    Let say it turns out that what really happened was that DS really did not do anything wrong. He was trading and he had massive losses, failed investments, poor business decisions, broker stole the money etc, then he would be okay but the business would still have “failed” and need to be wound up.

    The problem however is that is not what the liquidator apparently found. The liquidator statements seem to indicate that new investor’s money was paying old investors redemptions.. aka PONZI. There might be other concerns but the police would take care of that.

    Now in order to run the PONZI, it is likely that some fraud e.g misrepresentation, falsification of documents, conversion might have occurred. Then the PONZI could also be used to clean money, i.e. Money laundering. This could be why the OLINT principal faces fraud and money laundering charges.

    The court will now decide the fate of the OLINT principal given the charges against him. The public now has to wait on the court for the verdict.

  234. Funny, so many bright Jamaicans no investors. No hard feelings here. You all made a choice. Live with it.

  235. Thank you Noco and John for your time, very insightful.
    -Ter

  236. Jay, Noco & John, sound like you guys threw a stone in the pen, and hit a hog…… i hear squealing!

  237. @ noco (or nonco as dubbed by floridian and taffari :))
    I read the pleading from the reputable one and I was struck by the “quality”.
    @cynic
    Strange how all of a sudden this one poster get serious about libelous or potentially libelous statements.
    Very interesting. Is like u draw somebody outta hidding nonco.
    🙂 lol, hahahaa

  238. Interesting. Some good dialogue today. lots of legal opinion on libel etc. A young bright Jamaican could read today be fairly impressed and thankful for some of the knowlege passed down by the elders.

    Cynic, shame on you you should no better. (smile)

    Anyway let us clear up the innacuracies and rubbish contained therein. for it is not only our young who need to embark on a path of lifelong learning.

  239. Truth and Libel are like oil and water. Give me a moment.

  240. Does anyone know who wrote this.

    “The Honourable Audley Shaw served Jamaica in New York with very great distinction in the 1980s while he was a senior executive in the Jamaica National Investment Promotion (JAMPRO). During his experience there, he would have learnt to appreciate the value of financing to investment and the implementation of capital projects in Jamaica. It would be a surprise if a minister of Shaw’s sagacity and expertise did not have a deep appreciation for Cash Plus’ investments in Jamaica. It should be clear to Shaw that Cash Plus, is valuable and central to Jamaica’s development.”

    Please do not call any names….

    • I won’t call any names but one has always got to be careful of whom and what they defend, worse when the do it in writing. Being a to be a top flight member of the legal profession, I would have expected that people would no that you words can come back to haunt you.

  241. @John Doe

    Why no application to freeze OLINT funds?

    Rulings in courts that are released and rightly reported on are a public matter and can be commented on freely in a responsible way.

    John Doe all I can say to that is the same old vague mantra that olint investors got after Smith was only paying out to select investors and the masses of them had no ability to heed the advice “Think and check”

    The fact that an early Mareva Injucntion was denied in Jamaica and the what, where and why is now part of an USA DOJ investigation into corruption in Jamaica.

    Nocotec

    With respect to political contributions, has anyone shown they led to any official government action in favor of Olint or DS etc… particularly since the exponents of this view seem to have decided that the then governing PNP was immune and it was the then opposition that was guilty. I am not saying there was none but I am hard pressed to see why there was a need for any such action when so many of the influential folks were vested and had an interest in their organism perpetuating itself

    The main proponent of the view that he recieves favour from the Government is David Smith himself. his brother Wayne hobbles behind a close second.

    Although many in the judiciary are involved and although it is hurtful for us as Jamaicans to finally see for certain that we are easily bought for a few pieces of silver or as Garvey complained ‘for rice and peas’ it is hard for us to face it head on. Especially when the buyouts were not from the typical suspects, the poor uneducated masses but rather the high and mighty who for generations have certain rules. Namely ‘never show financial stress or display a cravind for money’ and ‘We are above in all aspects those sufferers in the ghetto’

  242. “The fact that an early Mareva Injucntion was denied in Jamaica and the what, where and why is now part of an USA DOJ investigation into corruption in Jamaica.”

    When was that injunction denied?

  243. @JD

    I am sure whoever said said it would love if they had a time machine to go back and change it 🙂

    Funny how time longer than rope 🙂

  244. i think I can assume here with some reasonable level of confidence that the libel talk was directed at me more than most. in fact one threated action almost went to deposition. I was eager and enthusiastic as a still am today. Sadly, that one went away and was replaced by action that was actually embarrassing to me as a Jamaican even though it came from an adversary. To have the United States Goverment laugh at fellow Jamaicans (considering the sacrifices of our ancestors) and their childlike tactics is hurtful to me. Especially at the top level!

    Anyway that was only one potential libel action. There have been many more in the past year.

    You see Noco,Jay, Ter, laboutite, john,etc Libel usually leaves the party when truth arrives.

    in London I was publicly accused of Libeling and Defaming the Gleaner et al for statements made last year. i was told boldly that I was “being looked for.” I found that strange as I had travelled to see my accuser of my own volition. I also offered my accuser all my contact details including my solicitors who were a stones throw away from the venue. All this to the amusement of a very supportive audience of Jamaicans.

    the fact is I had planned to attend the diaspora function in large part to question another gentleman in who’s honor the function was being held. As an honest person my intention to attend was placed on the blogs for all the world to see. Alas the honoree left the country and travelled 5000 miles telling the people he had a personal issue that required his immediate attention. I thought that reasonable at the time. His second in command was unable to answer the one question I put to her. After a delay in a dead silent conference hall she did the honorable thing and confessed that my question was a good one and that she would relay it to her superior as she had no answer for it.

    She is a honorable woman. I felt it for her and if i could have stopped the peals of laughter from the crowd I would have. She did well. And after all her boss chose flight when she did not.

    To my ” ‘surprise’ ” The gentleman was in the press the following day at a public function in Jamaica. i can only assume that the pressing personal issue had been attended to in full while flying over the Atlantic.

  245. Here is another quote. Who said this?

    “St Kitts and the Turks & Caicos Islands are laughing at us. They love to
    do business with successful Jamaicans who we run out of town”.

    Please, please no name calling..

    @N you are so right!

  246. @floridian

    You should agree that making a judgment on the appropriateness of the denial of a motion like a Mareva injunction order is difficult without full knowledge of the facts and circumstances available to the court.

    The decision to freeze an entity or persons worldwide assets is not something a court takes lightly. The court will normally need to see a very strong presentation displaying that the quality of the petitioner’s case is such that they will very likely prevail at trial. Otherwise a court could end of destroying the entity’s reputation and business with the entity ending up prevailing at trial. Remember if this was requested, this freeze injunction was being requested before a trial finding the party guilty.

    I also guess that the motion was being made without the other side being present with a chance to oppose it, which makes a court even more wary to grant the motion. It should be clear that commenting on the denial of such a motion in a vacuum would be very unfair. Courts routinely deny such motions so impugning or assigning a sinister motive to the court without direct knowledge of something improper is inappropriate.

  247. The Jamaican press reported on the meeting in Birmingham but not at all on the meeting in London.

    That said the Windrush journey seemed vindicated. That irks me.

    The ‘seminar’ series moved on to other locations in the diaspora, Canada, U.S.A. etc. The rules of who could attend were however changed and being ‘just’ a jamaican became a restriction for anyone to attend.

    Memories of the ‘passbook’ that the ANC publicly burned in South Africa come to mind.

    Of course the placing of restrictions on Jamaicans would not stop the agenda of asking them for money. the beggars also did so with an air that their sucess in the homeland was due to nothing more than merit.

    The participants were shown a two year old film that encouraged the diaspora of the time to invest heavily in the bauxite sector in jamaica which of course was failed at the time of the presentation.

    It might well have been some longtime English Governor speaking to the negroes of Jamaica telling them to just come alone quietly and behave. I was ashamed of what my country has become.

    Many of the jamaican diaspora in Britain came from very marginalised social classes back home. They spend large sums of money on and in Jamaica and tend to have a patriotism unrivaled in other diaspora geographies like New York, Toronto, Florida and certainly TCI where the diaspora falls into two seemingly polarised groups. The labourers and those ‘who claim to be above the law.’

    Some time later Jamaica’s honorable Prime Minister attended a diaspora meeting in TCI himself. He was introduced to the participants by Allan Hutchinson, himself involed in Olint and close to David Smith as the emails on olintja.com attest to.

    What I found strange was that the Prime Minister in jest I presume told the crowd he had not heard any bad reports about their behaviour on these Islands. Tracy Smith was one of the participants. Was he speaking to her?

  248. @JD

    Can you see why JA laws on libel are so antiquated? In the USA when you put yourself in the public such as by writing articles in the press, you raise the bar… See why… see how someone can “one day” make public statements of support for persons or entities and the “next day” are involved in lawsuits against the same persons/entities… see how this is makes a big difference than if the person keeps their opinions private and is out of the ‘public view’.

  249. A certain journalist said to me after he had done his own research “are you happy you are now vidicated?” I said I was never in need of vindication personally but was pleased if my ‘vindication’ made the jamaican public happy.

    I have always advocated that the Olint matter be brought completely into the open. Full transparency through the COURTS.

    that is one of the reasons I was enthused at the prospect of being sued for Libel.

    Obviously some other element does not share my wish for any OLINT matter to be heard in court or at least court in the United States of America.

    Their wishes will not come true.

    Why David Smith engaged politics and politicians in his crimes will be revealed in time. The list of police many of whom have money in politicians feeder accounts have not yet been made public.

    Wayne smith’s influence over the Jamaican tax department shall be explained in full. Comical that tax assesments in Jamaica for persons not domicled there will be scrutinised by the U.S IRS.

    There was never any ambushing here. The leader was given a courtesy call early days. He chose Smith et al.

    So the preliminary hearing in the island jurisdiction approaches. It’s been a while since I have seen Smithy.

    Lifebouy soap? (for non Jamaicans teacher used to wash out children’s mouths with it for cursing bad words)

    The battlefied will be in America. They are very thorough and concerned for issues of National Security off their coast.

    I think “Mutty” Perkins would approve as he ids oft heard quoting “ineliable rights” and such delite.

  250. Mutty you must be excited! The constitution of the United States with all it’s rights and freedoms in the pursuit of happiness! Shall meet face to face the Jamaican ‘best and brightest’ in all glory.

    Mutty you think the U.S.A can: ” K A R R E C K” the problem?

  251. When we going to get to those Brancourt emails?

  252. Yes “now is the hour of our discontent” I understand your position.

    So the hustings gets broader and wider and less organised as the time flies.

    You see Nonco it’s not an easy thing to stare calamity in the face. Hush.

  253. Red P where yu deh?

    Tell them it is never to late to repent and make ammends.

  254. On libel/defamation/etc

    You must first deny. One sentence that’s all for a start. “Take you marks…” heh heh heh.

  255. Nonco

    It’s kind of like the ‘principal’ and ‘interest’ argument.

    To deny ‘interest’ is to admit something else. Ready.

  256. @floridian

    With all the maneuvering… are the eyes still on the prize? What is/was the purpose of all of this? Is it to recover any remaining funds? Is it ensure the perpetrators are punished? Does it seem that some of these efforts are not focused and are all over the place? Is there significant money out there to recover? What are the chances of DS being charged in another jurisdiction outside of TCI until the TCI case concludes?

    At some point lawsuits cannot just be fishing expeditions but need to have credible cases against the parties or judges will eventually dismiss them. So far many allegations seem to be not much more than unsupported fishing expeditions.

  257. Patience Nonco. You now how the system works.

  258. @floridian

    Are we off on some sidetrack? Issues of defamation are not that complicated. Quoting someones public statements and or citing their public record made via the press or courts etc is not defamation… unless that person is alleging that they defamed themselves 🙂

  259. If a case is deemed ‘not credible’ then why do they run? it would suggest that aside from much lip service in truth they have concerns.

  260. Not far off from the learned O.J. “Telling ” the crowd he has been searching for me only to find that it was I who came to see him. The crowd thought it very funny.

  261. I’m sure Peter and Smithy would have loved to have seen the look on Chris Barnes’ face at that point.

  262. No sidetrack from my end. Not in need. Time Machine? Retract? No ….not needed either.

    What to do ehh Noco, John, Jay?

    Anyway the “vaunted” August 5th deh near. Saddle up.

  263. August 11th deh near tu.

  264. So to the ides of August. What a month! Happy Emancipendence and best wishes to all Jamaicans.

  265. Nonco? Perfect Storm?

  266. Mastercard seems to think so, and increasingly the Martinez clan.

    But then again. What do they know.

  267. @Tafari….

    We cueing up some audio for you… Reflections part 2

  268. @Jay

    Did you see the second quote?

  269. Very lively thought provoking discussions today. Its funny how this blog is suddenly being accused of libel, defamation etc, when all the information relating to a certain individual or individuals have been taken from publicly available documents or reports.

    When folks like Badman and other were calling names and making allegations without any supporting documents, links etc I hear very few persons crying foul.

    Well dem having a saying in Jamaica sey ” Cock mouth kill cock”.
    I think everyone knows what it means, if not try to figure itr out.

  270. Yes JD I did see that and I will draw readers attention to an article which was posted in the Sunday Herald. I think our readers should digest this stuff.
    We have not made any of this up, this is public information.

    This article was written back in 2006, almost three years.

    http://www.fscjamaica.org/publicinfo_files/bulletins/Sunday%20Herald%20response-Dec%20292006.pdf

  271. Why are u guys using the grammar of Allan Huttchinson now? hhahahaahaa

  272. …The experiences of these two entities illustrate that you can abide by the rules and achieve success.

    I love it Jay. Bring it on. A long time mi want us swim out into deep water. Can you remind the bloggers of the FSC board of directors again please? Smithy told me some interesting things face to face.

  273. I might even just show you how so family connections work aside from political ones.

  274. Bloggers know I always give the VERBATIM from Smithy.

  275. What about the Brancourt emails? Soon.

  276. @Jay

    When some of the letters an articles that were published in the local newspapers are examined… then compare this to the accusation that newspaper(s) were bribed which supposedly led to support of the UFO(s)… which led to people investing and losing their money…

    If we followed this to its logical confusion… we would need to ask about the motives off folks that wrote letters or articles in the papers castigating the FSC and supporting the UFO(s)… if the accusation is that journalists and newspapers were bribed to write essentially the same thing, It does beg the question… what was the difference between journalists and such writers? Were all the parties bribed? Or did the parties all just have vested interests as investors or as friends or family of investors? If none of the above, what is the common thread?

    Hmmm… what a tangled web…

  277. Noco Tangled web indeed. that’s why their is Clairol and comb.

  278. Question Nonco. does anyone other than yourself edit your comments? Does anyone write your comments for you? Does anyone insert their own words directly into your own work?

  279. @floridian

    Why do you ask? Do you think it does not read like me? 🙂

  280. “Many people have painted an idealistic picture of the egalitarian nature of African society, and while in general I agree with this portrait, the fact is that Africans do not always treat each other as equals. Industrilization has played a large role in introducing the urban African to the perceptions of status common to white society.

    N. Mandela

  281. Nocotec, how would we know unless we saw proof of the influence. hahahahahhahaahahaaa

  282. For God’s sake man let it go and if you really want to contribute to the newly emerging TCI use your talent to write about the things that really matter, and stop wasting space in the Net News.

    Here’s some old news for you — TCI’s are sick and tired of old time worthless politics and politicians.

    http://www.tcijournal.com/index.php?idsub=1544&id=8

  283. Certainly, Islanders yearn for an end to corruption and conflict–and to the suffering and ruin that has occurred because of them. Yet many are stymied. They do not know what steps to take and what principles to uphold in order that a new, vigorous and prosperous society be founded. Many have given up, thinking the prospect of true prosperity beyond reach and, therefore, unattainable.

    …The next principle, therefore, is a commitment to justice as the organizing axiom of society. No person, no matter whom he or she may be, is outside the law.

    http://www.tcijournal.com/index.php?idsub=1534&id=8

  284. Stanford receiver seeks clawback of $925 million from investors
    Published on Thursday, July 30, 2009
    http://www.caribbeannetnews.com/news-17972–4-4–.html

  285. test

  286. testing

  287. Blocking me Jay. What I hit a nerve as usual. rub some radian B in that and forget the sting.

    Ghestapo business again.

  288. Trouble Mounts For MasterCard, Hallmark Bank, David Smith, Jared Martinez And The OLINT Ponzi Scheme

    Published Jul 24, 2009

    Vandel Lyttle, an OLINT stakeholder has sued OLINT, David Smith, Wayne Smith and Jared Martinez for US$12.4 million dollars in the State Court of Florida.

    Mr. Lyttle alleges that David Smith, CEO of OLINT and the OLINT Corporation sent multiple wire transfers to the Martinez group based in Lake Mary Florida. This was done in order to evade the Jamaican and Turks and Caicos Islands (TCI) financial regulatory authorities who were investigating the business practices of David Smith.
    Mr. Lyttle stated that he never authorized OLINT to transfer his money to Jared Martinez or any of his companies.

    Gilbert Smith a.k.a. Wayne Smith, a Jamaican national who was the CEO of OLINT Jamaica is named as one of the defendant’s in the lawsuit. Gilbert Smith is thought to be in hiding from law enforcement in Jamaica.
    The lawsuit alleges that the Smith’s and Martinez family engaged in racketeering, mail and wire fraud.
    Vandel Lyttle’s lawsuit appears to be the single largest claim against OLINT filed in US Court to date and will result in damages of US$38 million dollars being awarded if upheld by the Florida Court.

    Meanwhile a group of investors based in Florida have sued Hallmark Bank, MasterCard, David Smith, Wayne Smith, Michael Missick and the Martinez brothers in further racketeering related claims.

    Michael Missick, former Premier of the TCI was named in the Auld Commission of Enquiry Report as being engaged in significant corruption, bribery and fraud in the TCI. He is also named as a defendant in the lawsuit.

    The Florida based group of investors includes Wayne Gallimore, Eric Harrington, Dr. Henry Lowe, Steward Shand and Ivor Alexander, former managing partner of Myers, Fletcher and Gordon, Jamaica’s largest law firm.

    They allege that MasterCard Worldwide owes them millions of dollars because of being financially irresponsible in harboring, financing and promoting the OLINT Ponzi scheme which was run by Hallmark Bank and OLINT.

    OLINT distributed large sums of money on MasterCard Compass Debit Cards. In spite of the overwhelming evidence MasterCard Worldwide continues to have a close financial relationship with Hallmark Bank, which was the banking institution that accepted money for the OLINT Ponzi scheme.

    Attempts to contact Mr. Robert Selander, CEO of MasterCard for comments related to his company’s relationship to a Ponzi scheme were futile.

  289. Wow, Some folks did put in some really serious money.

  290. This is the link for that story. Note there is no author listed, so we cannot be sure who is behind the story.

    http://www.jamaicans.com/news/announcements/trouble.shtml

  291. Its hard to believe that someone or a small group of persons could place so much money in the scheme. If this story is true we are now beginning to see the extent of this fraud and the folks who were badly burnt

  292. By the way there is a link for his story at :

    http://www.jamaicans.com/news/announcements/trouble.shtml

  293. @jay

    That name appears multiple times with large investments on the lists at olintja. He appears to be a south florida resident, maybe pompano beach area…

  294. @N

    Some serious money… Once again you see the names… sad sad sad… the people that were scammed… Some things to note.

    1. This the problem that many could not deal with.. When people came and told them that Mr. X, Y and Z from Big organisation was in OLINT… and the money was sweet, resisting was difficult.

    2. The presence of some of these big names did more to sway people than any newspaper article… Peer Pressure and its relation to affinity fraud.

    3. Is WS hiding from anyone? and if so who from?

    4. Some names are interestingly apparently among the 78 or another list. They apparently do not appear on any public list… mmh

    5. Some of these persons where “investors” from 2006…

    6. The case against MasterCard is going to be interesting…

    7. Hopefully more Jamaicans will come forward. The embarrassment is all round. Embarrassment has been in my opinion one of the reasons why so few have come forward to the liquidator.

    Image is everything.. especially in certain circles in Jamaica.

    @AML, Floridian
    Do you have a copy of he documents for this latest case?

  295. @JD

    With the notable exception of C+, most of the schemes involved some claim about FX trading. A huge contributing factor was also a lack of sophisticated knowledge of Fx trading and the resulting probable gains. This failure to understand and grasp these concepts led to a total willingness to swallow these outrageous claims.

    Fx trading was presented as an exotic and new investment vehicle. And for almost all of these folks it was. These folks because of the high promised returns failed to educate themselves on the impossibilities of the claims.

    This is always a common thread in these scams. Think about it… Say you are employed as a street sweeper… you have been at it 20 years and as Dr King implored, you made yourself the greatest street sweeper ever. You have acquired great knowledge and expertise at street sweeping.

    Some day someone comes to you and asks you to invest in a new street sweeping venture. He is going to make oodles of money. He has a method. With this method he can use one person to sweep the entire city in one day. Do you believe you will invest? Of course not, because of your knowledge you know the claims are too far fetched to make sense.

    This venturing into areas of investment where the investor has no real understanding of the way the claimed returns are made is at the core of most investment scams. Some people will sweep the streets for a week and fall for the scam because they have developed no real expertise over that time. In fact as Pope wrote, a little knowledge is a dangerous thing. They are often even more susceptible.

  296. Hmmm… it appears the same law firm is involved in the filing of a number of these suits. It is curious why the plaintiffs do not consolidate and file one suit. There may be a good reasons why not, including that some folks may just want to go it alone.

  297. @N

    “It is curious why the plaintiffs do not consolidate and file one suit…”

    I was wondering the same thing….

    You right the “exotic nature” of the schemes. Check out this quote….

    “I tried doing business through partnerships,” he said. “My partnership experience was bad. I had no control over the operations. I did not understand the businesses I was in. I lost all my investments.”

    http://www.jamaicaobserver.com/magazines/business/html/20070220T200000-0500_119439_OBS_DR_HENRY_LOWE__TURNING_ACADEMIC_PURSUIT_INTO_BIG_BUSINESS.asp

    If you know better people do better…

  298. The more the names and caliber of some of the investors are revealed is the more it becomes unlikely that DS was bribing folks to achieve what he did… he had no need to… many of the folks he needed to bribe were either investors or their family and brethren were.

  299. @Nocotec , I am in total agreement.

  300. BTW where is Tafari ?

  301. @Nocotec

    I agree very unlikely. It was not needed

  302. I’m assuming that many people are waiting quietly by the side lines to see if these people are sucessful with there case against any one of these firms. If they are, I would think there would be a tidal wave of investors suing. Would lawyers be more willing to take a case on contingency?

    Like hallmark bank for example. I was going through my paperwork to file with TCI and some forms we had signed were with Halmark bank. I believe that Hallmark definitely helped to put a legitimate face on Olint. And by Sirach (thanks for the great article) article it seems others do as well.

  303. Will the GOJ go after these guys for back taxes.
    Well the US gove go after these guys who were pulling inUS$ 000’S per mth without making any income tax return.

    http://www.myersfletcher.com/content/faq.php

  304. Noco, may I be bold as to ask for a brief introduction of your background as a professional? Are you a paralegal, Lawyer, shade tree lawyer? If you are a lawyer, what is your specialty in law? Thank you. I hope I am not being to rude. -Ter

  305. @jay: Will the GOJ go after these guys for back taxes.

    With the current budget shortfalls, who knows? But then with the kind of people that invested who knows if there will be a great incentive to do so.

  306. The more the names and caliber of some of the investors are revealed is the more it becomes unlikely that DS was bribing folks to achieve what he did… he had no need to… many of the folks he needed to bribe were either investors or their family and brethren were

    hahhahahahahahaahahaha

    At least you show today that most genuinely doubt me until they see things with their own eyes. Listen, It’s not the latest case, their are many who do not use that lawyer, the list is incomplete (but the full list is available), Angry Americans who never been to Jamaica not playing…..shame on you Jay. You were blocking a lot of posts last night.

    Anyway for those who might want to start believing without seeing with your own eyes I suggest to start practicing for the courts. Believe me it’s going o be rough. Most if not all questions will be rhetorical. If you want to lie make sure it can hold up for a few hours on the stand.

    On the names. Naw don’t worry. The ‘surprise’ of certain revelations down the line is sweeter.

    Get the sugar, Get the water, get the smelling salts. A lot of brightalecs even on this blog going to come back down to earth.

    Doubt? You free.

    • On the blocking issue, its not true. I noticed that between last night and early this morning, some post that I wrote were not visible ie they did not make it online.

      It must have been a problem with wordpress, as I certainly was not blocking anyone.

    • Floridian,

      when you say court, you mean August 5th? or u mean a different court date?

      Just want to be clear…

  307. On taxes

    I would assume that any organisation in reciept of donations from the criminal would have done the proper due dilligence to ensure that the government was not defrauded of any taxes before accepting funds.

  308. Jay, on lawyers and Law Firms

    If a started Jamaica would be in an instant quandry.

    LET THEM THINK AND COME UP ON THEIR OWN RECOURSE.

    They have their oaths and licence and so many other things to consider.

    Smith does not have to take a stand for you to be properly introduced to him.

    V E R B A T I M

  309. @ter

    No, I do not consider the question rude. However I would rather not go into much detail about my background on a blog. Suffice it to say that because of my background and constant thirst for knowledge I have acquired considerably knowledge on a very wide range of topics.

    If you knew me personally you me personally you would find that you can seamlessly switch topics to totally different areas and I do not have to google my info… for example start talking about sports and unlike Tafari you would say… wow and I thought the dude was just a geek. 🙂

  310. @jay: Will the GOJ go after these guys for back taxes.

    With the current budget shortfalls, who knows? But then with the kind of people that invested who knows if there will be a great incentive to do so

    Nonco I don’t feel like going into the taxes part right now, maybe later. Suffice to say that if jamaicas tax department wants to exhuberantly run into a situation whereby the government (read people of Jamaica) get another bill to PAY then what can we do? Advise them?

  311. Another question for bloggers.

    1.Did persons (USA Citizens) who invested in Olint file tax return in the USA ?
    .
    2. Is it possible that some of those filing multi-million dollars could possible face the wrath of the IRS. Take for example, the latest alleged suit for over US$12.4M.

    How much did he invest and how much interest did he earn during overtime.
    If he is an American and paid no taxes on his “hidden” income from a offshore ” olint hedge fund aka ponzi” this lawsuit being in the public domain could have the IRS coming in asking for their fair share of the ” evaded taxes”.

    This is going to be rather interesting.

  312. Recall the guy close fambily to the Jamaican Diplomat Allan Hutchinson in TCI. hahahahahaha

    ‘I live in Jamaica but am an American’ hahhaahahaa

    Sometimes you have to laugh.

    Lawyers Jay? hahahahah Jamaican DIPLOMATS!

  313. Yes Jay interesting.

    The people with the full lists of everybody paid taxes. Is any more needed?

    So sit back and make no report. You free. For now.

  314. It must have been a problem with wordpress, as I certainly was not blocking anyone

    I’ll take you at your word Jay. No big deal. this is just a blog the real work well advaced and ‘locked’ long before the blogs get it.

    Anyway Sirach is the only one never blocked so the article came to the blogs.

  315. No Cynic not the preliminary hearing in TCI on August 5th the real deal mi a talk. When certain high society wives of Jamaica going to be shouting at home “What you mean I can’t go shopping in Miami!”

    hahahahahahaha

    • When Floridian….When???

      I keep hearing rumblings bout FBI, Interviews, Questioning, IRS, Subpoena, court, witness…..

      Think I read somewhere that this summer was the hottest summer in YEARS…..

  316. Red P

    “He thanked the Lord for his bounty of goodness, for His mercy and His concern for all men. But then he took the liberty of reminding the Lord that some of His subjects were more downtrodden that others, and sometimes it seemed as though He was not paying attention. the minister then said that if the lord did not show a little more initiative in leading the black man to salvation, the black man would have to take matters into his own hands. Amen.”

  317. Cynic, When? Smithy said himself it would be years. Trust in the king nuh. He also makes bold promises reguarding me. Let us see then nuh?

    A Promise is a comfort to a fool.

  318. How it did go again Cynic?

    Oh yes, “A fool and his money are soon parted.”

  319. Look like Vandel Lyttle was a “PIG”. I thought there was an issue about a 1 Million Olint Loan to this Lyttle fella. Maybe Floridian can shed some light on that

  320. Isn’t this rather interesting, it relates to the Stanford case. Lets watch how this plays out.

    http://www.2theadvocate.com/news/52037932.html

  321. Tracy Smith being sued all over. Her employer Mrs Hutchinson wife of Jamaica’s diplomatic representative tells process servers to leave her property.

    This is what Jamaicans have sadly come to expect from their diplomatic representatives.

    Loan to Vandel Lyttle. I suppose a lot of people have been known to beg and grovel to David Smith starting with the PM. So if you are one you’re in high company.

  322. ‘PIGS” oh dear you want to know about pigs. For what? To squeal?

  323. Better we look at ‘Whales’

  324. Pyramid/Ponzi schemes take Africa.

    Now who about this one, here the central back seems to be the regulator.

    Nyarugenge — The National Bank of Rwanda’s (BNR) investigations into the business practices of Questnet have revealed that the company is operating a money swindling pyramid scheme and could be involved in money laundering, The New Times has learnt.

    http://allafrica.com/stories/200907300063.html

    “These schemes exploit greed and gullibility. To enhance credibility, most such scams are well equipped with fake referrals, testimonials and information.” The Central Bank says that amounts dwindle steeply down as the pyramid slopes.

    This is the second time this year the Central Bank is warning the public to be cautious about the reappearance of pyramidal operations or get-rich-quick schemes in which people put their cash

    Sounds familiar ? 🙂

  325. It has always boggled many why Jamaican Diplomatic representatives do not support law enforcement while representing us overseas.

    Strange. Perhaps that was what Hutchinson was discussing in the PM’s ear on WI4 T.V. Turks and Caicos News this year.

    Why ‘Whales’ do what they do is much easier to understand.g

  326. Sounds familiar ?

    To some degree but Jay you have yet to put up an example of one involving the leadership of a country.

    Well. Stanford I suppose. To an extent.

  327. Madoff speaks from behind bar ” I am shocked I got away with this ponzi for such a long time .
    Video here
    http://abcnews.go.com/Video/playerIndex?id=8199736

    Story here
    http://abcnews.go.com/Blotter/Madoff/story?id=8195963&page=1

  328. http://americanpublicmedia.publicradio.org/terms/

    These people talk about copyright and then they try to steal it as their own.
    This stuff is almost written like an Olint/Olint TCI contracts.

  329. Is Rowe going to sue the other lawyer for using his work in public records?

    Is LexisNexis® and Westlaw(© Thomson Reuters) going to be sued for publishing and making money off other peoples copyright public information while not compensating the authors. Is it not the same that music and video people like to sue over “their” content?

    Do we have a fundament problems with copyrights and what is public?

  330. What Rowe says is “Freedom of Speech”?

  331. Do we have a fundamental problems with copyrights and what is public?

  332. Don’t forget about the fair use laws.

  333. For M. Rastafari!

  334. A nih UB 40m at Nikki Beach Dat!

  335. Ms Kidd Deans you neva know nuff dread out deh fi trim?

    Oh?

  336. Smoke and mirrors govt.

    Oh?

  337. Live up the site Jay.

  338. See you bredrin deh M.

  339. Lookout weekend

  340. Wiggy to dis

  341. How to Start a Mutual Fund or Other Investment Company

    http://www.sec.gov/divisions/investment/invcoreg121504.htm

  342. Mawnin ppl.
    Just a likl FYI, recently I received a notice from one of the two insurance brokers I deal with. The notice said that if I did not fill out the required kyc form for AIG they would not renew my covernote. I had at first refused to fill out the form as I thought it to be rather intrusive and wondered why the heck an insurance co would want all that personal info. I had not received any such notice from the other broker so I figured I was gonna go down to the demanding one and cancel my policy and give them a piece of my mind, after all I have been an a-one client since the early nineties. However, on the way there I stopped at the other broker and questioned them about what the first broker was doing and asked them under what ambit of law were they allowed to be so inquisitive into my private life. If supm can really go so? Surprise surprise.
    According to the broker. ALL insurance co.s have been mandated by the FSC to oblige their customers to fill out kyc forms that ask you not only where u live but also work/occupation, your trn no., whether married, single etc, all contact phones nos. etc. I asked the broker why this was so and if they did not think that it was and invasion of privacy. They said that they thought it was invasive but apparently the kyc’s are to be used to help flush out money launderers, eg how farmer x who grow yam in christianna owns an x6 etc.
    So, all u big dupes like 🙂 Noco, Jay and floridian 🙂 who have jag, x6, range, tundra, m3 and m5 all park up together, mi hope unnu can explain yuhself!! haha

    Peace

    • RedP:

      I still don’t get it. What is the connection between automobile insurance and money laundering? I have heard of some very ingenious schemes to launder money, but this is a new one for me.

      Come to think of it….. maybe people have been paying the entire premium in cash. Now, they get the maximum coverage on the X5, let’s say JA$500k, and then cancel the policy a few weeks later, and getting a “clean” refunded check from the insurance company for JA$490K. This of course can be replicated hundreds of times on various vehicles and my various individuals. Hmmmmmmm. To stop the practice, all FSC have to do is to stop insurance companies from accepting cash (BTW, they [Brokers] do accept US currency!!). Come to think of it, maybe I can get into the money laundering business like a few people I know of, who import those X5s into Jamaica…. 🙂

      The question is when Farmer X fills out this form and the form is turn over to the FSC, what do they (FSC) do with it?

  343. @ RedP,

    Long time we have not heard from you.
    Well that’s how it is these days everyone wants to know down to how many time a week you have sex.

    The problem in Jamaica is for the most part we know who these guys are ie druggist, launderers etc, but what happens , diddly squat.

    We know who are the guys evading customs duties, we know who are responsible for stealing two 40′ containers etc etc, and what happens diddly squat.

    The country reeks from corruption from top to bottom, and while I hope one day I will be told to “eat my words”, I am not hopeful that we have the will to cage this monster.

  344. By the way I own none of the above mentioned vehicles 🙂

    • @Jay

      That’s what you get (or don’t get) for NOT investing in a Ponzi Scheme of the likes of Olint, May Daisy, Higgins Warner, World Wise, et. al.! No Jaguar, X6, Range Rover, Tundra, M3 and M5 for Jay…too badmind and grudgeful. I told you you should have invested 🙂

  345. I just came across this forex exchange ponzi scheme
    Here is the link to the news article
    http://www.sdbj.com/industry_article.asp?aID=82324066.8012964.1810978.30523202.6600087.219&aID2=139297.

    I decided to check the fraudsters website and interestingly the site gave the red flags we have always spoken about which provides a indicator the the investment is a scam, in part it read ” With more than twenty (20) years of experience, we can offer you a fixed rate of return with no risk to your capital!

    Thats like saying hello, this is a scam.
    Link to the website.
    http://www.diversitycapital.co.nz/index-2.html

    I was looking to see if their main trader was the superman, but could not find any such reference.:)

  346. for example start talking about sports and unlike Tafari you would say… wow and I thought the dude was just a geek.

  347. New document on http://www.olintja.com website – see link here and scroll to the bottom.

    Well, its not all that new since the information has been banned about before.

    http://www.olintja.com/documents/documents.htm

  348. Jay:

    I see you are looking me up….Well i am a bit busy these days giving investment advice. I am also starting a ponzi. Hoping to be able to pay 20% per month for the first year. When the money runs low (or stops coming in) I plan to transfer a large sum to my friends in Florida. But I’ll be in a non-rxtradition part of the globe by then, not hoping I ran earlier.

    I will post the bank info on this blog so that all those who still believes in David Smith could send me the rest of their money.

    • Tha’s funny Tafari 🙄

      Wait, you want to bet me one million US dollars that YOU will be the first to invest in YOUR own Ponzi? Is there anything we can do to talk you out of investing?hahahahaha…..aaaaaaaaa

  349. @RedP

    The JA KYC rules are extremely invasive and I am not sure they are very effective. It seems like the attempt to halt money laundering etc is predicated on collecting information provided by the individuals who may turn out to be the launderers… Most successful investigations depend on collecting intelligence the person is not explicitly aware is being collected.

    The other problem is that ultimately there needs to be a prosecution or action taken based on the info gleamed. In a society prone to corruption it becomes a case where spreading enough money around to the right people and the person can avoid punishment.

  350. Can someone tell me if Hallmark Trust is a branch of Barcley bank and Royal Canadian bank? I thought it was.

  351. Red P

    What about the Church collection in cash? Know your customer?

  352. http://www.jamaica-gleaner.com/gleaner/20090731/business/business1.html

    Nocotec, the holders of the debt not ‘greedy’ when they hold out on the rates they want to recieve?

    Devaluation?

  353. @ Test you are right.

    Did you hear about the jingle mail , thats the landrover, prado, benz keys being returned in the mail to the dealer. 🙂

    To

  354. @ floridian, cash dont bounce!! 🙂

    Very thought provoking star. I am not in a position to comment about the possibility of money laundering at church. If it does happen all I can say is woe unto them.

  355. the truth is often an offence.

    http://www.jamaica-gleaner.com/gleaner/20090802/lead/lead4.html

    More problems for Baccra?

  356. EDITORIAL – Managing the economy post-Don Wehby

    Last week, at a farewell luncheon in his honour, Mr Wehby praised Mr Golding’s “decisive leadership” and said that once Jamaica pulled through the currency crisis, he would be recognised as the country’s “best prime minister”.

    http://www.jamaica-gleaner.com/gleaner/20090802/cleisure/cleisure1.html

  357. Currency crisis? Why not send for and old confidant, “The Worlds Greatest Trader?”

  358. Martinez, have’nt you seen that expensive football teams of lawyers don’t cut it. reinventing the wheel? Ask Smithy.

    Hundreds of thousands of US$ per month in fees? Of the people’s money? That’s not trading.

    Think and check.

  359. Muy “Rico”

  360. The light is really getting shone on the conspiracy between Martinez and David Smith.

    In fact, the discovery has begun and reveals that I-trade Fx has US $15 million dollars currently in their accounts.

    How much of this belongs to us the defrauded OLINT investors? Could it be 100%.

    My attorneys learned through the Walker-Martinez matter that there is money to be claimed against as opposed to money in the TCI which is already spoken for.

    My attorneys are trying to join with David Rowe Esq. and his legal team to make claims against the frozen US funds, Martinez assets and frozen assets which makes the OLINT pot worth over US$200 million dollars.

    Prof.Rowe if you or your associates read this blog many thanks to you for leading us all in the right direction.

  361. The light is really getting shone on the conspiracy between Martinez and David Smith.

    In fact, the discovery has begun and reveals that I-trade Fx has US $15 million dollars currently in their accounts.

    How much of this belongs to us the defrauded OLINT investors? Could it be 100%.

    My attorneys learned through the Walker-Martinez matter that there is money to be claimed against as opposed to money in the TCI which is already spoken for.

    My attorneys are trying to join with David Rowe Esq. and his legal team to make claims against the frozen US funds, Martinez assets and frozen assets which makes the OLINT pot worth over US$200 million dollars.

    Prof.Rowe if you or your associates read this blog many thanks to you for leading us all in the right direction.

    Reference:-

    SELECTED FCM FINANCIAL DATA AS OF
    May 31, 2009
    FROM REPORTS FILED BY
    June 30, 2009

    Customers’ Customer
    Futures Commission Merchant Date Net Capital Requirement Net Capital Seg Required Amount

    I TRADE FX LLC N NFA 05/31/2009 15,189,231 500,000 14,689,231 0 0

    I hope the Martinez legal team is ready to rumble.
    Go and check out Bondurant,Mixson & Elmore !!!

    • Nice to here the good news AI. What did you mean “Go and check out Bondurant,Mixson & Elmore !!!”? and What is the address for.”SELECTED FCM FINANCIAL DATA AS OF”

      Is David Rowe Esq. the lawfirm handling your case?

      I want to start taking action- Need anymore partners?

      -Ter

    • Sorry AI, read your statement again forget all of the questions before. I did go and look at Bondurant,Mixson & Elmore . Did your group have to put up significant amount of money to secure there services? Has the Rowe group joined in on the fight?

  362. More Civil RICO cases on Olintja.com.

  363. Oanda docs on olintja.com?

  364. “Hundreds of thousands of US$ per month in fees? Of the people’s money? That’s not trading.”

    Its called buying.

  365. Each one has lawyers so obviously they are not giggling. Ashley have lawyers too?

  366. The Oanda stuff not a giggling matter. i suppose Wednesday they will say they are not ready and continue to stall. Thankfully we have all the time in the World. Take your time. No rush.

  367. I heard that family was not too happy from the very beginning.

  368. Another lawsuit coming.

    If the information on olintja.com website is correct, it would appear that David Smith and Olint has another lawsuit coming.

    Guess who is the lawyer ?
    The document also has a number of typographical errors, which again shows the lack of attention to details coming from a prestigious lawfirm.

    http://www.olintja.com/docs/HarringtonEtAlComplaint-8%5B1%5D.2.09.doc

  369. You sure you read the originals Jay? Sure you are sure. When typos affect cases you can be the attorney general. (smile).

  370. Stickle for detail and don’t show for court. Good strategy hhahahahaaahaha

  371. Schoolyard logic. Never ends for some. You spelt Tracey or Tracy ah ah caught you.

    hahahahahahaahaha.

    They need to teach more law in general school.

  372. If the information on olintja.com website is correct…

    thanks for the tip. hahahahahahaahahaa

  373. What about the Oanda documents there Jay or you can’t find them yet?

  374. 4 million hits a week Jay.

  375. Mainly from those who make the point to say “i told people not to invest” and “(I through away money knowingly)…I only put in what I could afford to loose”

  376. @ Floridian I am not seeing the documents you have been alluding to in your previous post.

  377. <bIMF launches new online database of Financial Soundness Indicators.

    http://www.imf.org/external/country/JAM/index.htm

  378. Like riding a donkey we waited for this time August 5, 2009. Time will surely tell think you are in heaven or we living in hell?

  379. OH no through should have been spelt thru so that invalidates the statement. hahhahahahahahahaahah

    Lots of things you not seeing Jay. But listen serious no more jokes. If it is your intent to write a book on this all or become a credible journalist you have to learn research especially with basic reference work like court documents etc. You’ll get there.

  380. August 5 2009 is simply similar to an arrainment(sp) in the U.S.A.

    Smith will either say they are ready to proceed or ask for more time.

    It has puzzeled me that even trained Lawyers out of Jamaica seem to not understand this and see this date as of some particular significance.

    It is not a trial. He would not normally enter a plea before a trial begins.

    The evidence against Smith is overwhelming as is the evidence against others involved.

    There are many issues and cases civil and criminal across jurisdictions. The only place bought and paid for is Jamaica although attempts have been made elsewhere. There is pleading in some quarters and those stay low until the time.

    There will also be proceedings with smith that have less to do with Olint in and of itself such as the Belongership and his attainment of it in the British Territory.

    Hold Braniacs. Patience.

  381. A I am told the websites activty has grown exponentailly (again) in the past few weeks. We know you deh deh. Even if “You told everyone not to invest” and “You write off that longtime”

    Many of you have had a hard time coming to terms with reality. Try and free yourself from the mental slavery and anguish. Wipe your mouth for what spews out tends to diminish you and perpetrate a bad situation.

    we know you are ancy. We know you ‘want to know’ so you can smugly jump on a ‘winning’ side quickly and chat your prowess.

    Leave the colonial chains now. Put them down.

    For there will be no absolute winners in this.

  382. earlier this year in TCI a “prominent” (is there such a thing?) family from Jamaica gathered for a shouting and cussing match pointing fingers of blame on each other.

    You did not have to invest 5 cents. THE DAY YOU HEARD THE NAME OLINT YOU LOST.

    That is as true for David smith as it is for any other.

    Where you heard it matters little. I suppose smith heard it first in Panama.

  383. Some things money just can’t buy.

  384. Wasted term – MPs: a spoke in the wheel of good governance

    http://www.jamaica-gleaner.com/gleaner/20090802/news/news6.html

  385. The JLP in Opposition used to downplay issues of values and attitudes, stressing how those were being badly eroded by PNP mismanagement of the economy. If we only fixed the economy and gave people jobs and produced economic growth then some of the moral issues which worry us would be dealt with. That was the mantra that was taken up by certain influential voices in the media. But it was and is tragically short-sighted and misguided. Now JLP leader Golding himself has been saying some very profound things about how Jamaica’s fundamental problems are not economic or even constitutional, but cultural and moral.

    http://www.jamaica-gleaner.com/gleaner/20090802/focus/focus1.html

  386. World Wise boss gets time

    Attorney-at-law Christopher Townsend, who is representing Strachan, argued last Friday that Strachan had not been served with the claim form.

    http://www.jamaica-gleaner.com/gleaner/20090803/business/business1.html

    “had not bee served” Now that’s a strong defence there Jay! Yes stronger than spelling mistakes.

    Brilliant! Noncotec you representing Stachan?

  387. May I suggest that we have to change our attitude and values.

    http://www.jamaica-gleaner.com/gleaner/20090803/letters/letters1.html

  388. …the judiciary needs to be seen to be independent..

    http://www.sunheraldja.com/2009/08/the-government%e2%80%99s-blame-game/

  389. @floridian

    It apparently surprises you that in JA cases do proceed where the defendant has not been legally served. It does also happen in places like the USA. In many cases a process server just needs to sign an affidavit that the defendant was served.

    Some unscrupulous plaintiff’s and or their lawyers will be aware of this and proceed, particularly in one of 2 situations… when the defendant is difficult to serve or when he is difficult to serve and they think he will not put a defense.

    The result of this unscrupulous behavior is that the judge awards a default judgment in favor of the plaintiff. The defendant’s property is then subject to seizure or he has to come forward with a motion to set aside the judgment. This is the reason for the unscrupulous behavior. Do not believe it is rare.

  390. Dear All,

    Your money is gone. David used it to pay those smart enough to get out before the whole house of cards fell down. You should all do your best to make sure David goes to jail- then you should seek to recover your money from the people David paid it to. I suspect you will find a long list of politicians who made massive returns from this Ponzi scheme. They profited from a fraud and as such should return their gains to you.

    For once my fellow Jamaicans- stop talking and do something.

    Rgds

  391. @noco

    Does one have to select a law firm within the area that a person lives? What are the pro’s and con’s with me selecting a legal firm outside of the state I reside here in the US.

  392. @Ter

    No, you do not have to select a law firm in the area that you live. The obvious advantage of doing so is communication. You can more easily visit your attorney(s) if you wish to talk in person.

    More important is that your attorney(s) needs to be licensed to practice law in the the jurisdiction that he/she will bring the lawsuit. If you are bringing a suit in the USA, he/she has to be licensed in the state you will bring the suit. If in JA or TCI etc, he/she needs to be licensed in the country. If the attorney is not licensed in the jurisdiction he/she will need to retain an attorney licensed in that jurisdiction and bring the case via him/her as an adviser.

    Wherever you file the suit, you (your attorney) will also need to satisfy the court that the court has jurisdiction to hear the case. Generally, it is your area (state/country) of residence, the defendants area of residence or the defendants area of doing business. This is a not a complete list but the point is the court must have jurisdiction, so for e.g., you cannot just file the case in Australia because you feel the courts there will be most favorable to you.

    This means, generally, it is best for you to choose an attorney in the jurisdiction that you will file the lawsuit. They will usually be more familiar with the laws and procedures in that jurisdiction.

  393. @Ter

    No, you do not have to select a law firm in the area that you live. The obvious advantage of doing so is communication. You can more easily visit your attorney(s) if you wish to talk in person.

    More important is that your attorney(s) needs to be licensed to practice law in the the jurisdiction that he/she will bring the lawsuit. If you are bringing a suit in the USA, he/she has to be licensed in the state you will bring the suit. If in JA or TCI etc, he/she needs to be licensed in the country. If the attorney is not licensed in the jurisdiction he/she will need to retain an attorney licensed in that jurisdiction and bring the case via him/her as an adviser.

    Wherever you file the suit, you (your attorney) will also need to satisfy the court that the court has jurisdiction to hear the case. Generally, it is your area (state/country) of residence, the defendants area of residence or the defendants area of doing business. This is a not a complete list but the point is the court must have jurisdiction, so for e.g., you cannot just file the case in Australia because you feel the courts there will be most favorable to you..

    This means, generally, it is best for you to choose an attorney in the jurisdiction that you will file the lawsuit. They will usually be more familiar with the laws and procedures in that jurisdiction.

    • @noco

      Good golly miss Molly! That was a quick response. :-)Thanks AGAIN. Any recommendations for any law firms exceptionally talented for this particular situation with Olint?

      -Ter

  394. Ter and others….

    Note that when you retain an attorney or law firm in a matter like this, they will often hire private investigators (you pay) to find out info… In this case the PI will get 80 % plus of his info from reading this or the olintja blog. You can do the same and make the same brilliant discoveries 🙂

    As I have pointed out before… Note also that unlike the USA, the Caribbean liquidators have not been very aggressive. For example, compare to the Madoff, Stanford etc trustees. They sue for clawback… suits against brokers involved (like I-trade/Martinez etc)… spouses etc…

    So far the TCI liquidator has not indicated he will be pursuing such avenues. What does this mean to defrauded investors? Funds in the USA and elsewhere may not be pursued by the liquidator. Culpable or involved parties may not be sued by the liquidator.

    This means that the investors may have to bring their own suits against those parties. Further since the funds that result from such suits will Not be put into a general fund for distribution, it means any such funds recovered will go only to investors that have the resources to sue. This is a major letdown by the liquidator of those that are most devastated and cannot afford to sue.

    This is one major reason why individuals or group lawsuits may make sense against 3rd parties. However any funds recovered that can be shown to belong to Olint should be subject to an action by the liquidator for it to be turned over to the liquidator for general distribution to all investors.

    But before you get too excited by posts like that from American Investor above… remember that unless you win a suit or get a settlement against a firm with deep pockets… an expensive lawsuit can end in a Pyrrhic victory… the defendant may declare bankruptcy.

  395. Ter: Any recommendations for any law firms exceptionally talented for this particular situation with Olint?

    It is best if you do your own research. Many issues affect your choice, such as level of experience and expertise and fees Fees can vary very widely across a large range.

    E.g., a big law firm can have more experience or expertise but may be much more expensive than a small firm… and conversely the small firm may have more expertise in the area…. or they may not have enough expertise and you are penny wise and pound foolish because you end up losing the case and are still out the fees while losing your chance to recover money.

  396. Ter: Any recommendations for any law firms exceptionally talented for this particular situation with Olint?

    It is best if you do your own research. Many issues affect your choice, such as level of experience and expertise and fees Fees can vary very widely across a large range.

    E.g., a big law firm can have more experience or expertise but may be much more expensive than a small firm… and conversely the small firm may have more expertise in the area…. or they may not have enough expertise and you are penny wise and pound foolish because you end up losing the case and are still out the fees while losing your chance to recover money..

  397. @AI

    Sorry AI, read your statement again forget all of the questions before. I did go and look at Bondurant,Mixson & Elmore . Did your group have to put up significant amount of money to secure there services? Has the Rowe group joined in on the fight?

    -TER

  398. … the defendant may declare bankruptcy

    Criminal and civil work well together ehh Nocotec?

  399. Noncotec, why would a liquidator fail to get assets outside of a jurisdiction like TCI?
    What would cause that? Who would case that?

    Nonco, can a lawyer who gets paid for defending David Smith with OLINT funds have an injucnction brought against them because the OLINT funds are not Smith’s to spend?

    Nonco, what is “Queen for a day?”

    Thanks for the help.

  400. @floridian

    If the liquidator is not aggressive in filing lawsuits in countries outside TCI, he may fail to recover any such assets. Among reasons, it may be due to him not expending the effort or an inability to locate the funds.

    Yes and no to the 2nd question. The injunction can be brought against Olint. Ask the court to prevent any Olint funds from being used by the principals in their criminal trial since it is a conflict of interest as the defendant is being accused of defrauding Olint.

    The problem here is that the identified Olint funds are already frozen. There are probably funds in DS’s possession that rightfully belong to Olint. This would need a successful injunction against DS to freeze those funds.

    You can prevent defendant from using funds that belongs to you or Olint but you cannot directly prevent the attorney from collecting his money. In the US, in criminal cases like drug cases, there are federal statutes that limit the use of certain money to pay attorneys and prevent the attorneys from taking such money.

  401. @floridian

    If the liquidator is not aggressive in filing lawsuits in countries outside TCI, he may fail to recover any such assets. Among reasons, it may be due to him not expending the effort or an inability to locate the funds.

    Yes and no to the 2nd question. The injunction can be brought against Olint. Ask the court to prevent any Olint funds from being used by the principals in their criminal trial since it is a conflict of interest as the defendant is being accused of defrauding Olint.

    The problem here is that the identified Olint funds are already frozen. There are probably funds in DS’s possession that rightfully belong to Olint. This would need a successful injunction against DS to freeze those funds.

    You can prevent defendant from using funds that belongs to you or Olint but you cannot directly prevent the attorney from collecting his money. In the US, in criminal cases like drug cases, there are federal statutes that limit the use of certain money to pay attorneys and prevent the attorneys from taking such money..

  402. Thanks Nonco, What about “Queen for a day?”

    Can additional persons be charged stemming from initial indictments?

    Is this case a drug case?

  403. Nonco, If a DPP of a country is a memebr of olint would that be an endorsement?

    what about a judge?

  404. I hope the prosecution does not ask for more time again….they come to every date unprepared….enough waiting the truth needs to come out once and for all.

    Floridian,

    Do u think the prosec. will b ready ?

  405. For the TCI thing? I suppose both sides should be ready for it has been months. The prosecution in the U.S.A. is ready.

    Wantmymoney how the Oanda trading account look?

    Wantmymoney you think the British ready to deal with the Jagan Belonger issues on TCI?

  406. For the TCI thing? I suppose both sides should be ready for it has been months. The prosecution in the U.S.A. is ready.

    Wantmymoney how the Oanda trading account look?

    Wantmymoney you think the British ready to deal with the Jagan Belonger issues on TCI?

    Thje Edith smith first trial is close. She can default if she wants.

    More new cases again on olintja.com.

    But Wantmymoney if the prosecution in TCI seeks more time so be it. Don’t matter we either way.

  407. Wantmymoney prosecution or defense could tell us about “pray” for our money while sending a shipment of bicycles through Miami to their own…..

    No matter we.

  408. NFA fines Utah forex dealer member, Interbank FX LLC and its principal $225,000.

    http://www.nfa.futures.org/news/newsRel.asp?ArticleID=2326

  409. A new press release showing Charles Ross and Sterling being sued.(www.olintja.com) And Ross is the head of the commision of inqiry into FINSAC

    And none of the big media houses run that?

    hhmmm.

    At the next meeting of the Finsac inquiry shoulf Ross not be questioned? Should he not recuse hiself until he has been cleared at least?

    Let us see how Jamaica handles this one.

  410. Recently he bought out his partners..hmm time to run a one don shop like smithy.

  411. This is a rather interesting article.

    Keeping our promise to you

    http://www.jamaica-gleaner.com/gleaner/20090804/lead/lead3.html

  412. @jay …you say it too. Maybe the OLINT massive should send a barrage of complaints…

  413. CaPRi Reportst

    Informal Investment Schemes – January 2008 and more…

    http://www.jamaica-gleaner.com/features/2009/capri/

  414. B. Our Recommendations:
     The government should not offer any kind of bail-out or rescue package to investors
    or firms which lose money as a result of a collapse of any informal investment
    schemes.

    And Vice Versa Capri.

  415. @JohnDoe,

    Thats a lot of money for a “bonus” payment.

  416. Specter Law Would Let Investors Sue Fraud Accomplices ().

    You would never see a Jamaican politician coming up with something like this.

    http://www.bloomberg.com/apps/news?pid=20601103&sid=aez.SQHDhS0E

  417. MADOFF VICTIMS CRY FOUL

    (They feel they are being “screwed” twice)

    Angry victims of convicted Ponzi schemer Bernie Madoff are up in arms over as much as $250 million in legal fees they claim will be paid to Irving Picard, the court-appointed trustee overseeing the break-up of the fraudster’s fake investment firm.

    http://www.nypost.com/seven/08042009/business/madoff_victims_cry_foul_182883.htm

  418. Judge says receiver in Stanford Ponzi scheme can recover only investment interest.

    http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-stanford_01bus.ART.State.Edition1.3d11d4c.html

  419. Jay: Specter Law Would Let Investors Sue Fraud Accomplices

    You would never see a Jamaican politician coming up with something like this.

    I am at best ambivalent about such a law. It is asking that 3rd parties like attorneys, accountants, banks etc be held to a higher standard than the scam victims. In almost all of these scams the victims invest in schemes that are on the surface too good to be true… No other established entity is able to do the same thing. They fail to do their own due diligence.

    They then want to sue these 3rd parties for not doing the due diligence that may have protected them. Just consider the blog… every time someone asks a question should we demand detailed explanations as what the questioner will do with the answer?

    This is what they want 3rd parties to do… so if someone went to an attorney and asked him to prepare a contract the attorney should find out the details of what the person is, will or has been doing with regards to the contract matter… what if the person lies?

    Victims often cause greed to blind them while they make stupid decisions and then they want others, rather than the crook who has usually disposed off the money, to pay. Look at the lawsuits against Mastercard…. Does anyone seriously believe that Mastercard sat down with DS and conspired to defraud any Olint investor?

    Lawsuits should only be allowed to proceed against people that the plaintiff can show was part of a conspiracy to defraud. Not against people conducting legitimate business or providing services.

    Take Mastercard again… these folks were providing a legitimate business service… while we are at it, why don’t we also allow Lear Jet to be sued too for not checking where DS got the money? If the lawyer, banker, accountant etc knowingly engaged in a conspiracy, they should be held liable… it is the same reason why some would like to allow gun manufacturers to be sued when someone uses a gun to commit a crime like murder.

    These folks want to hold others liable for their own stupidity. They failed to ask the hard questions because of greed… but Mastercard should be held liable… or the attorney that drew up a contract… not unless they can show credible proof of a conspiracy or the suit should be dismissed.

  420. Deacon you nuh invite me to you church as guest preacher?

  421. Nonco,

    These folks want to hold others liable for their own stupidity. They failed to ask the hard questions because of greed…

    Oh dear the tables turned now we can say to the accomplices and santa’s little helpers “you know you should move on….don’t bicker”

    Right Nonco? No need to get knickers in a twist.

    Same old advice for the victims shall serve the accomplices well….or do the accomplices think they are special?

    hhahahahahahaaa

  422. Don’t expend any more stressed for the accomplices than you had done for the “stupid victims”

    Don’t stress Nocotec EVERYTHING has been taken care of….special request.

  423. Sit back and watch the fireworks show Nonco.

    Is Emancipendence time now.

  424. If Matercard ofr any Government or business or individual is in the clear Nocotec then allow them to bask in their confidence nuh?

    Don’t get them ancy.

  425. Magistrate Joseph Smith? know yourself.

  426. IN THE CIRCUIT COURT OF THE 9th
    JUDICIAL CIRCUIT IN AND FOR
    ORANGE COUNTY, FLORIDA

    CIVIL DIVISON

    CASE NO.:

    FRANCES CAMILLE ROSS, JOHN PATRICK ROSS, WINSTON JAMES HUNTER, BRIAN DUNN, MARK HENRY
    And SEAN BELCHER
    Plaintiffs
    vs.

    HALLMARK BANK & TRUST LTD., a foreign corporation, BRIAN TROWBRIDGE, a foreign citizen, MASTERCARD INTERNATIONAL INCORPORATED, a New York corporation, MASTERCARD INTERNATIONAL, LLC, a Delaware Corporation, DAVID SMITH, a foreign citizen, WAYNE SMITH, a foreign citizen, OVERSEAS LOCKET INTERNATIONAL CORPORATION, a foreign corporation, THE TURKS AND CAICOS ISLANDS INVESTMENT AGENCY, a foreign corporation, and MICHAEL MISICK, a foreign citizen, ISAAC MARTINEZ, a Florida resident, and JARED MARTINEZ, a Florida resident, JIJ INVESTMENTS, LLC, a Florida Corporation, I TRADE FX, LLC, a Florida Limited Liability Corporation, I-TRADE FX INTERNATIONAL, INC., a Florida Corporation, and PROFESSIONAL FOREX ASSOCIATION, INC, a Florida Corporation

    Defendants
    _____________________________________/

    http://www.olintja.com

  427. Land selling on Chaulk Sound? Michael Bovell?

    Oh?

  428. @floridian

    I suppose one of the major advantages of filing lawsuits in the USA versus in the Commonwealth is that if you lose you likely do not have to pay Mastercard’s attorney fees 🙂

    The British based rule seriously discourages frivolous suits while culpable defendants face a disincentive as they have to pay the planitiff’s fees.

  429. @floridian

    I suppose one of the major advantages of filing lawsuits in the USA versus in the Commonwealth is that if you lose you likely do not have to pay Mastercard’s attorney fees 🙂

    The British based rule seriously discourages frivolous suits while culpable defendants face a disincentive as they have to pay the planitiff’s fees…

  430. On the contrary Nonco the reason cases not so common in the Westminster style as in America is that it limits ‘other’ influences. Not even a former Governor of New york would want to get caught interfering.

    But in Jamaica let us say Magistrates and DPP’s and leaders answer to themselves and David Smith first and formost. Even confidential info can pass from a lawyer who has family connections to the FSC.

    “Oh sake and you see…by the dawns early light….”

    Pity the parts of the system the islands ran to adopt from the colinial masters while discaring the more positive ones.

  431. Plus it’s just more geographically and Politically central.

    hahhahahahaaa

    Miami and Ft. Lauderdale are important hubs to the Caribbean. Many Caribbean nationals have homes there and love to sent their children to school there and do banking as well as other things.

  432. Florida is a good place for Plane and boat servicing too.

    Ask Deacon yourself Nonco. Or any of the Dubai crew.

  433. Deacon? Indictment everlasting. Calling pastor and Bishop and Elder. Meeting.

  434. The casino say you backsliding Deacon. Them don’t get no business to even pay the a/c bill. Them lament how them want back “highroller.”

  435. Wait, Clovis

    Your cartoons come in the Sun TCI just like the Observer.

  436. Re: Specter Law.

    In the case of Madoff, Stanford and a lot of the other ponzi, is it not reasonable to assume that the “audtiors/accountants” were aware or should have been aware that these operations were ponzi in nature.

    A large firm would normally choose to use big accounting firms /auditors to do their books, so If I am running a small accounting firm and a guy like Madoff approaches me to audit or otherwise do accounting function for his multi-billion firm, should I become suspicious.

    Now I do not know for sure that either of the two presented audited financial statements to their clients( I would think they would).

    Now the function of a auditor is to review the accounting records of the firm being audited and produce a report which represent a general assessment of what they have seen based on the records presented to them(the auditor)

    We all know that good crooks can fix the books so that they can lead the auditor astray and therefore give their books a clean bill of health, even though things are not all above board.

    The accounting profession like most others are governed by ethical rules and guidelines and as a professional it is expected that one would follow these guidelines.
    “Investors( and I use the word advisably), look to the auditor to provide some guidance as to the operations of the firm by virtue of the fact that they have access to accounting records that the general public would not have access to.

    It is therefore the expectation of the investor, that if the auditor finds stuff that are not in keep in GAAP, IFRS or downright bad accounting practices, fraudulent activities etc, that they would squeal.

    The fact is I have rarely seen this happen( I am not saying it has never happened).

    Now if the auditor sees evidence to suggest fraud or other “criminal” accounting practices and ignores it, and gives the company accounts a “clean bill of health”, investors will no doubt have some renewed or continued confidence in the firm and thus will continue to invest.

    Now if the company suddenly collapses after being given a clean bill of health why shouldn’t the auditor be liable, since he failed in his responsibility to the profession(maybe not his paying client) and the general investing public.

    (One can recall Andersen accounting firm and Worldcom.)

    What if a building inspector/structural Engineer is commissioned to inspect a building and he sees flaws or structural issues that could possible lead to the collapse of the building.
    He goes on to give his client a report indicating the building is safe and habitable and the public can rest assured that all is well.
    The Engineer in doing so is well aware that the firm which hired him has many other building and he has the opportunity to conduct similar inspection and make a tidy sum of money.

    Now a month after his report, the building collapses, who should be held liable.

    1. The building owners
    2. The Structural engineer/inspector
    3. Both.

    Food for thought.

    Now do not believe for one minute that I am saying the “investors” should not be held liable for his or her decisions, as the fact remains, ” If an investment sounds too good to be true, it probably is”.

  437. Re: Lawsuit against Olint/David Smith , are they worth it. ?

    With investors having waited so long to file these suits, what realistically are their chances of getting back their money.

    Its almost two years if not more that David Smith has stopped paying, so he has had time to move whatever little money that was left when he stopped paying to all parts of the world.

    @Nocotec,

    In cases likes these in the USA is not possible for the judge to ban the accused from using any computer that can access the internet so as to prevent the so accused from using the internet wire his money around,

    I am not sure how you would make it happen, but I am sure that could be achieved, eg by ensuring that the ISP provides him with no tools or contract that will allow him to access the internet.

    Does not prevent him from going to a friends house and do just that, but I am sure that the threat of a prison sentence of something of the sorts could be a deterrent.

  438. Carlos Hill continues to lose his fight with the liquidator.

    Former boss of the failed Cash Plus Group of Companies Carlos Hill has lost another round in his ongoing legal battle with the authorities.

    http://www.radiojamaica.com/content/view/20434/26/

  439. Jay

    Whoever fooled Deacon into thinking that the big man would always be in his corner was really cruel.

    The engineer who facilitates the bail is fooled too. No everyone is a boy to the big man. A lot are. But not everyone.

    What you want us to say? What can we? Sorry your a bwoy to the big man?

  440. Jay: In cases likes these in the USA is not possible for the judge to ban the accused from using any computer that can access the internet so as to prevent the so accused from using the internet wire his money around

    A judge has wide latitude to impose various conditions as a part of granting bail. However keep in mind this must always be balanced against the fact that the defendant has not been found guilty of the charge or has not exhausted his appeals.

    The person could be found not guilty, in which case you would have unreasonably denied the accused his/her liberty or some of its benefits. Also remember that being found not guilty is not the same as proof of innocence. It means the prosecution could not prove guilt beyond reasonable doubt to a judge or jury.

    The point is an accused defendant should not be treated as if he was already found guilty. It is probably better if the prosecution monitors such activity, at which point it may be an indicator of guilt and conditions can be imposed or bail revoked. In cases where there is great risk for the defendant to dissipate funds though, it would not be unusual for conditions to be imposed.

  441. @Jay

    Re Specter law

    Consider what you imply. An auditor receiving business should consider factors like the size of the contract and decide whether to accept the contract as its size may be an indicator of wrong doing.

    The structural engineer/inspector in your example as many other professionals will usually carry errors and omission insurance. This coverage is for cases where they make a professional error.

    Remember there is a huge difference in making a professional error than being part of a conspiracy. In the latter case the professional knows about the crime and aids or abets it.

    There are always legitimate cases where the professional should be held liable. This is why I say the plaintiff should be forced to provide credible proof of a conspiracy.

    Recall I said I am at best ambivalent in these cases. The reason is that, particularly in America, plaintiffs simply sue everyone they think has deep pockets. Probably 99 % do not have anything to do with fraud. They can do it because they usually do not have to reimburse the defendant for what can be huge legal fees incurred.

    In other words allowing such suits in the form Specter proposes is just license for plaintiffs to sue the 99% that had no role. There needs to be a higher burden to allow a suit.

    Keep down that road and then one can start to propose this… Say OJ was guilty in Nicole’s case… Should his attorneys be held liable for helping him get off? Why not? Should we require that every professional determine if his client is or has engaged in a crime or is breaching a contract or some such? What if he tried to and did not find the crime?

    Take the case of an auditor. Most people think that the auditor can always determine that fraudulent activity is occurring… They have never had an audit done. The auditor does not review every transaction. He reviews a representative sample. A sufficiently clever person can conceal the fraud for years. The auditor does not have to be in collusion.

    The reason people support these kinds of laws is because of prominent cases like Madoff. By the way his accountant was criminally charged. They are not aware of the 99% of the other cases where the plaintiffs just name everyone they think has deep pockets.

    Here is real example of what happens… Remember the real estate case that Test cited where the plaintiff sued because the seller did not inform the buyer that the business had lost its license… any reasonable purchaser would have done due diligence to ask for a copy of the license or often just go online to check…

    Typically what will happen is the buyer had a contract with himself and the seller… he screwed up and got screwed… however he will usually also sue folks like the title company or attorneys and others… the title company is just a neutral party providing services to facilitate the closing of sale…

    The first time anyone is on the other side of one of these ridiculous suits that force you to hire attorneys to defend yourself… often to ask to be dismissed… and sometimes the judge does not understand the case so he does not dismiss and forces additional expense to defend… At that point everyone changes their opinion on this issue.

  442. Nonco the auditor in the Olint issue was Duhaney Smith. Former financial controller of JMMB and co-worker of Smith.

    Other financial controllers who have been Olint members have passed comment privately in some in capacities as financial advisors (a unatural progression generally unique to Jamaica “Accountant to financial Advisor)

    I’m sure you will agreethat such persons (with all due respect) must be taken with a grain of salt and their associations past and present taken into consideration along with their advice.

    Ask the average finacial ‘genius’ about predicate acts and you will soon see what I mean.

    Nonco even O.J. has connections to Olint. Want to hazard a guess?

  443. Nonco

    Seeing as judges are not apt to understand and that as you claim ‘innocents’ have to spen then why not go back a few steps and say ‘thou shalt not steal’ for it causes problems.

    Tackle the problem at its foundations rigourously Nonco.

    Don’t start in the middle with ‘victims’ there was a conspiracy to defraud before there were ‘victims.’

  444. Nonco

    Perhaps any defendant or inplicated entity migh just simplify for the rest and make an abundantly clear public statement about their non-involvement in Olint.

    I mean you try for them as best you can. Given. Why not let them do it and stop having to pay legal and other fees out of pocket?

  445. Ladies and Gentlemen of the TCI, this is what real journalism should be here, not one sided political porridge

    http://www.tcijournal.com/index.php?idsub=1554&id=8

  446. The editor maintains that it will be soooooo looooooooong before we get anything moving on the criminal side that we should just move on and go civil lawsuits…

    http://www.tcijournal.com/index.php?idsub=1554&id=8

  447. Smithy/ Dea con

    Today do not forget Trowbridge and Hurd. Keep them in your mind always. Just a tip.

  448. From a ‘freind’

  449. You remember the directions to the place in Costa Rica? In case you have forgotten you can look it up on http://www.olintja.com. You won’t need it today but later.

    Good time to refresh your memories.

  450. Pursuing justice for Olint investors
    Published on Wednesday, August 5, 2009
    http://www.caribbeannetnews.com/news-18049–16-16–.html

  451. Smithy, A Sharp memory can be the Hallmark of one’s life.

    Ask lord Anthony Gifford. He will explain.

  452. @ AML

    No let up for Smith.

  453. @Jay

    What is interesting about the link posted by AML is its revelation for the unsophisticated and uninitiated about the way much of the press works.

    If you read the press release on olintja you will notice that the writer has substantially simply repeated the contents of the press release. There is little, if any, independent reporting.

    Now notice how some Olint investors have blamed members of the press for having been in collusion with DS. However notice that some of these folks seemed to have borrowed a page from him and are doing essentially the same thing. I wonder if they would also classify the results as bribery in this case or maybe it is nothing more than lazy journalism 🙂

    Look at the similarities:

    1. DS hired a PR firm… the PR firm got him favorable press articles, apparently through a conduit with at least one columnist substantially repeating his release(s).

    Some Olint investors have hired PR firms that have essentially got news websites to substantially repeat its press release.

    2. There were favorable articles about Olint and other UFOs, while being critical of the regulators, that appeared in JA newspapers. There is apparently evidence of contact between at least one columnist and agents of DS.

    Investor(s) in the UFOs were themselves also writing articles in the JA papers doing the same thing. Painting UFOs in a favorable light and being critical of the regulators to the point of eliciting a written response by the regulator.

    Do we know if there is anything sinister involved in any of these cases? Maybe but maybe not. There is not always a bogey man under the bed 🙂

    One thing with being an attorney and an investor is if you lose money, you at least have a chance to recover some or all of it by representing other victims or the defendant.

  454. @Nocotec,

    Well there is one attorney who is making the most of these lawsuits, as he seems to be the lead attorney for almost all the suits that I have seen filed.

    This particular attorney himself lost over US$1M to one of these ponzi schemes, so I guess he will soon recover a good portion of his funds. 🙂

  455. Judge slams SEC

    A federal judge in Atlanta has sharply criticized the U.S. Securities and Exchange Commission for what he described as a seven-year “relentless pursuit” of a Tennessee businessman and his lawyer partner while “studiously ignoring Bernard Madoff and the largest Ponzi scheme in American history.”

  456. Why I am not surprised that the prosecution was not ready today…..they have asked for more time!!!! after soooo long!!

    They r still hoping for Jamaicans to come forward….
    Jamaicans resisting because of the possible tax implications.

    This is too long though….the question is why? if it is that this case is so clear cut that DS is a thief and a ponzi….why does the prosecution need more and more and more time to prove it????……something doesnt add up.

    No one on this blog will agree though….as the agenda on the blog is clear cut.

  457. I wonder if that is a conflict of interest for that lawyer? He seems to be popping up everywhere…Including in NW Clarendon.

  458. Wantmymoney, Smithy said he had years to wait. So what’s wrong with waiting. October now.

  459. So time is there for Smith to think on civil cases. Let the prosecution do the accounting. Look Smithy ‘promised’ an audit from over a year. Right Nonco?

    Bob Marley sang one for that too, “…the waiting feel is fine..”

  460. Smithy Verbatim, ..”your money is with Hallmark Bank”

  461. What’s next? the August 11th London case.

    Somebody does not like the idea of david smith under oath at trial.

    Anyway back to school is upon us and by October Christmas will be around the corner.

    Good luck! hheheh

  462. Yes I thought August 11th was not leaving their minds. Clairvoyant?

    Britain`s Stone-casting sinners

    http://www.suntci.com/

  463. “While many drastic mistakes have been made, and certainly corruption was out of control at the highest level, some would say that these are understandable…”

    http://www.suntci.com/index.php?p=story&id=316

  464. Nonco

    What you think? Better for the Misick case and the FULL takeover by the British to be done foirst before the David Smith thing?

    And no. I did not plagerise those are my own words.

  465. Wantmmoney asked:

    This is too long though….the question is why? if it is that this case is so clear cut that DS is a thief and a ponzi….why does the prosecution need more and more and more time to prove it????……

    Why is it smithy was banking on ‘long’

    Why if it so clear cut the Smith is innocent do the innocent victims not have their money?

  466. When making the announcement, Washington Misick, Chairman of the Board of Directors for TCI Bank Limited said:

    http://www.suntci.com/index.php?p=story&id=307

    Same TCI Bank Smith was soliciting clients for in Jamaica?g

  467. Dr walker submits ammended papers?

    According to the information being present on http://www.Olintja.com , Dr Walker is being reported to have amended his lawsuit.

    One must note however that this document is a word file and thus could have been written by anyone.

    You can read and form your own opinion check the link here and go to August 4, 2009.

    We have seen in the past what appears to have been actual court documents, with stamped dates, however we have not seen the same on the last two “lawsuits”.
    (Is someone simply writing up these?

    http://www.olintja.com/

  468. Unauthorised internet banks

    http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/internet.shtml

    Hallmark Bank NA
    Hallmark Finance & Savings Bank (at hfshuk.50megs.com)
    Hallmark Trust Finance
    Hallmark Trust Finance Bank

  469. and a book containing prayers on how to become a millionaire and how to get protection against the law.

    http://www.radiojamaica.com/content/view/20466/26/

  470. Floridian

    I did not expect ur response to be otherwise…..this is totally UNACCEPTABLE for the prosecution to ask for more time AGAIN….but the persons on this blog are tooooo biased to admit this…..

    If it is soooooo clear cut that DS is a thief and a ponzi PUT UP THE EVIDENCE !!…..

  471. The Evidence lies in the fact that only selct persons get paid.

    Unacceptable? Mi look like the prosecutors or Judge to yu!

    Smithy people already dead so if you think that a gag order is appropriate to hide under then you are wrong.

    Deacon? I going come your church Sunday to see what you a preach and tape it. Wantmymoney want see the tape.

    the money go Hallmark and then JIJ what more you want to know Wantmymoney.

    innocent victims don’t have their money and Tracy and ‘Dave’ still live in them big house whe dem money never buy.

    My grandfather educated the former owner of that house when he nothing. Ask Messam if you think is a lie.

  472. The woman who bails David Smith now lived on the charity of my family for a while.

    Ask Northstar or Arthur Jones if you think is a lie.

    David Smith urinate on people as a child ask Edith Smith if you think is a lie.

    Evidence? If is that you in need of go find some for yourself den.

    Ready. hahhahahahahaaa

  473. Ask Smithy where the money for Lejeux disco went?

    Ask him who him buy the Black M5 from?

    Wantmymoney If you are in need of answers just ask him.

  474. I was a teenager at the time and I found the whole thing rather pathetic, especially the business of grown adults having to grovel to get either justice or a favour granted. ??????

    http://www.jamaicaobserver.com/columns/html/20090805T220000-0500_156834_OBS_OUR___TH_ANNIVERSARY.asp

  475. “I am very disappointed it has come to this, but my very life is at stake here and I must have a united team in the many battles that lie ahead,” Stanford told DeGuerin in the letter.

    US District Judge David Godbey in Dallas has refused to give Stanford access to his funds unless he can prove the money he seeks, $10 million, isn’t tainted by fraud.

    http://www.caribbeannetnews.com/news-18079–14-14–.html

  476. With the assistance of certain local residents, Smith relocated to the TCI where he is said to have made and bought influential friends

    http://www.caribbeannetnews.com/turks/turks.php?news_id=18049&start=0&category_id=37

    People for sale in 2009?

  477. Brian F. J. Trowbridge

    Brian F. J. Trowbridge, B.A., LLB, T.E.P. a graduate of the University of British Columbia Law School, a member of the Turks and Caicos Bar Association and a member of the Society of Trust and Estate Practitioners. Mr. Trowbridge is a Director, CEO and Chairman of Hallmark Trust Limited. He is also an attorney practicing in the Turks and Caicos Islands and a Barrister and Solicitor practicing in British Columbia. Mr. Trowbridge has written extensively on a variety of issues affecting the international finance industry and has over 30 years experience in practicing law.

    http://www.swannlaw.tc/attorneys.html

  478. Mr. Swann remains active in public service and has access to Government decision makers…

    http://www.swannlaw.tc/attorneys.html

  479. Cricket Pal, remember that term ‘access’

  480. “Only the absurd fictions of colonialism could advance such a notion with a straight face”

    “It is one crime to steal money and cover it up. But…”

    http://www.suntci.com/index.php?p=story&id=316

    “It meant a lot. The people were fighting for a change and it finally came. They wanted to be free,” Bennett, now 78, told The Gleaner.

    http://www.jamaica-gleaner.com/gleaner/20090805/news/news6.html

    Ironies.

  481. For eight years Bennett lived in Canada but was back in Jamaica for good in 1977. While he has observed infrastructural improvement, he says the country continues to lag in a vital area.

    “The biggest problem is education. Too much of the people are still illiterate. Is only education can turn this country around,” he said.

    http://www.jamaica-gleaner.com/gleaner/20090805/news/news6.html

  482. Priced at lower than it`s 2006 appraisal value. Don`t wait. This property won`t be on the market for long.

    The amount of ‘active’ holdings in TCI is amazing. These criminals had a host of lawyers in the plans. Should have added a few economists to the gang. A suppose the lack thereof was ‘greed’ right Nonco?

    Does not look bright in housing on other islands either with stokpiles of townhomes galore.

    Even criminals need to understand forward thinking.

    That’s what Nonco always tell the ‘VICTIMS’

  483. The SEC and an investors’ advocate objected to Janvey’s earlier fee request, calling it excessive because of the minimal recovery anticipated for Stanford’s victims. Rose Romero, head of the SEC’s Fort Worth, Texas, office, told Hittner at a hearing last week that Janvey’s billings equaled about $4,500 per hour.

    Wow, it must be great to be a “receiver”, the name aptly fits these guys, as the “receive” more than they are finding.

  484. Jay like how we have time till October (Is the 22nd or 26th or something like that Jay?) Let us know.

    Yeah like how we have time let us recap some of the more amusing lies of Deacon David Smith.

  485. Deacon David Smith said:

    “Many people have said that Smith had connections to the Misick government and that they had a mutually beneficial relationship. I asked Smith about that and he dismissed it altogether, stressing he was granted licences there to ply his trade and that was all,” said the Duke of Earl.

    http://www.jamaicaobserver.com/magazines/Business/html/20090612T040000-0500_153317_OBS_DAVID_SMITH_FEARS_FOR_HIS_SAFETY_IN_JAMAICA.asp

  486. So the facilitator Peter Bovell took Deacon David Smith to:

    http://www.misickstanbrook.tc/lawyers.html

  487. Deacon David Smith:

    he dismissed it altogether,

    So Deacon went to Prestigious Properties to buy? A Prestigious Property of course:

    http://www.prestigiousproperties.com/real-estate-agents.aspx

  488. So Deacon David Smith brought Michael Misick to Jazz fest and brought anagent of TCI Bank to set up olint members with commercial bank accounts there.

    This was supposedly to facilitate accessing your money from Olint.

    When making the announcement, Washington Misick, Chairman of the Board of Directors for TCI Bank Limited said:

    http://www.suntci.com/index.php?p=story&id=307

  489. So Deacon David Smith thought best to set up a foundation and have Jared Martinez hand him a blank piece of paper for all too see.

    Guest speaker Michael Missick, premier of the Turks and Caicos Islands, said that the foundation had his and his government’s support.

    and went on,

    “People matter, good people matter, and I am happy that this foundation has been established,” said Missick. “We appreciate the efforts of David and Tracy and how greatly they have contributed to the economy of Turks and Caicos in the short time they have been there. Jamaica’s misfortune is indeed the good fortune of Turks and Caicos having gained these model citizens.”

    http://www.jamaicaobserver.com/news/html/20071203T200000-0500_130017_OBS_OLINT_STARTS_FOUNDATION_WITH_US__M_TO_HELP_NEEDY_JAMAICANS_.asp

  490. I [Duke of Earl]asked Smith about that and he dismissed it altogether

    Maybe it was a Rhetorical Question Deacon David Smith.

  491. Deacon David Smith can you say, “The British are coming?”

    It should not be difficult. As easy as Saying, “they want me to run a seat in Chaulk Sound” or as easy as “On the island I can just walk up to the Premier at a bar..it’s great!”

  492. Deacon David Smith, how you and Tracy came to be Belongers again?

    How it go? Something like the children are under the Belongership rights of the parents or something like that?

    Tell the flock Deacon.

  493. Deacon, nuh you did promise bloggers something bout kick mi dung. Can’t see you?

    This sunday deacon? When? I’ve been walking up and dung Provo for weeks now. Mi alone.

    Vybz show? Pon mi ears mi deh deh.

  494. Wantmymoney, on August 5th, 2009 at 3:18 pm Said:

    Why I am not surprised that the prosecution was not ready today…..they have asked for more time!!!! after soooo long!!

    They r still hoping for Jamaicans to come forward….
    Jamaicans resisting because of the possible tax implications.

    This is too long though….the question is why? if it is that this case is so clear cut that DS is a thief and a ponzi….why does the prosecution need more and more and more time to prove it????……something doesnt add up.

    No one on this blog will agree though….as the agenda on the blog is clear cut.
    //////////

    Wantmymoney:

    I have not been able to confirm your information regarding the outcome of the arraignment in the TCI. But if what you say is correct, something doesn’t add up is right.

    I have had multiple conversations with members of the TCI FCU. And the one constant has always been that they are certain from the evidence they have, that David Smith was running a ponzi. They also indicated in the earlier days of the investigation that they had tond of documents to look at. However, more recently, their tone had changed and I got the impression that the evidence was overwhelming.

    Now it comes as a complete shock to hear that they are not ready. One would imagine that the defense would be in there complaining about discovery and begging for time – not the prosecution.

    But this is worth exploring. What evidence or lack thereof, would preclude the police who are “certain beyond doubt that this guy was running a giant ponzi scheme” from being ready to proceed to trial after having raided DS over a year ago?

    Could it have something to do with the anticipated prosecution of the former premier? I would imagine not since a conviction of David Smith, or even the information that could potentially be revealed in his trial, could only help the TCI police in any such prosecution.

    On the other hand, could it be legal maneuvering? Could the prosecution be accepting the continuance so as to finalize negotiations of a plea with the defense?

    Any attempt to negotiate a reduced sentence with David Smith would be unconscionable.I would certainly be opposed to any plea bargain in which DS gets a reduced sentence. Even if he produces whatever little of the money he has stashed, I think that the courts should send a message to those who aim to defraud others. He should get the maximum punishment allowed.

    Maybe they are waiting on a report from the liquidator to determine the exact scope of the fraud? Unlikely.

    Your sentiment that the TCI police is still hoping for Jamaicans to come forward so that they could peoceed with the case is, in my opinion, also quite unlikely.

    A prosecution that is not ready to proceed to trial after one year of investing, and after arresting the same person on two different occasions on charges related to the same case raises an eyebrow.

    Hopefully the reasons will be revealed soon. So you Wantmymoney, and I both want our money. But we will just have to wait a little longer.

  495. Wantmymoney:

    I saw your response to Floridian’s comment so I read your post again. Are you suggesting that David Smith is innocent? Floridian may have misunderstood you (like I now do).

    If you are suggesting that somehow David Smith was innocent, what is the answer to Floridian’s question? If David Smith is innocent, why do I not have my money and you yours?

  496. Tafari

    It does not perturb u that no one on this blog who claim to be objective and want truth have found NOTHING wrong with the prosecution asking for more time !!!!! Is there is is an alignment with this blog and the prosecution??

    I am simply asking the simple question why does the prosecution need more time again with sooo much overwhelming evidence – this does not make any sense.

    I keep hearing that they have so much on DS – lets just get to the bottom of this once and for all! the prosecution has had more than enough time and to come oce again ad ask for more time is UNACCEPTABLE.

    We need answers now – the trial is the vehicle for us to move forward and the prosecution is screwing up!

  497. Wantmymmoney, i understand your impatience but as I attempted to explain this morning, there could be any number of reasons why the prosecution would request more time. It might even be a reason favorable to Olint’s investors.

    With regard to the reason why bloggers here would take one position or another, you have to go back and read the old threads and come to your own conclusions.

  498. Also Wantmymoney, you didn’t answer my question. Are you auggesting that David Smith is innocent?

    I would like to know, if you are on a jury, and all the evidence is presented, including evidence that he still has MY money and won’t pay me, how would you vote?

  499. All DS asked for was 9 months!! If all this (fight from da big man) wasn’t taking place WMM woulda have his money long time.
    Right WMM?

  500. Any word about the DS hearing? -Ter

  501. FAST CASH FOR MADOFF VICS

    Victims of Bernard Madoff’s Ponzi scheme will be advanced up to $500,000 under a new plan to speed up reimbursements

    http://www.nypost.com/seven/08062009/news/regionalnews/fast_cash_for_madoff_vics_183241.htm

  502. I seriously believe that this foolinish should come to an end and soon . It doesnt matter how much time is given jurisprudence will not prevail is just that only in jamaica and other backward economies that serves the benefit of the criminals. Therefore my amazingly loyal people even if it for closure on this whole debaucle called OLINt let us lobby for a swift end. The lack of action pains me. david is a teif , divvy up the scraps and lets sen on and nuh heng on.

  503. Wanymymney

    If something is UNACCEPTABLE to you then don’t accept it.

  504. the trial is the vehicle for us to move forward and the prosecution is screwing up

    which Trial Wantmymoney? There is no Trial in TCI concerning Olint.

    There are Trials elsewhere that Olint fraudsters try to default on but I know not of any trial in TCI.

    Let us know. With the state of journalism these days you could make things better.

  505. ter

    Court next in OCTOBER.

    • Good man Florida, thanks. More preparation? I’m confused as to the delay. If it is open/shut case why the delay? What your take. -ter

  506. Jamaicans resisting because of the possible tax implications

    What an Observation there Wantmymoney. We would then say people are stupid for their investments in Olint are transparent on the WWW. ?????

    So what is being implied? That they are sticking their heads in the sand while visable miles down the beach.

    Oh…I see. An insult to Jamaican’s intelligence.

  507. Tafari

    Deacon David Smith says he has nothing to do with Michael Misick. Deacon say he only got a license to ‘ply’ his trade. What trade is that? no license is needed for those things?

    So Deacon David Smith say very clearly that Shaw and Robertson come to TCI for a meeting with Misick. Deacon says very clearly that unknown to them Misick has invited Deacon to attend.

    Deacon?

  508. This environment of secret decision making and continual refusal to discuss basic issues is not one in which I can continue to invest.

    (Sounds like the lament of an Olint investor….dish out medicine when it suit you ….but can’t stomach your own prescription)

    http://www.tcijournal.com/index.php?idsub=1560&id=8

  509. Wantmymoney, open wide….is Sulphur Bitters….good for you.

  510. Construction has all but ground to a complete halt. Hotels are closing for an unprecedented amount of time and in unprecedented numbers. People are being laid off everywhere and even the political appointees are completely out of luck

    http://www.tcijournal.com/index.php?idsub=1559&id=8

  511. @Jay

    The amended lawsuit on olintja is significantly improved over the original. I still see a couple of issues but I am not being paid hundreds of dollars per hour… It is the job of the folks getting the money.

    If you notice most of the info in the lawsuits is available here or on Olintja.

    There is a separate issue that other olint investors should be paying attention to and exploring… But they did not invest with me… Either in the ponzi or as hired counsel or agent… And I am at the point where most of them, with very few exceptions, are too obnoxious… They should go find someone and pay to get their own help…

    By the way, due to an upcoming project I will likely be taking another or my sabbaticals soon.

  512. Wantmymoney look!

    Maybe the GOJ wants to put in a special person charged with getting to the bottom of the Olint saga and help the victims. Don’t resist Wantmymoney.

    Seems like the talk of the private-sector personality joining the Government is meeting more resistance than previously thought…..

    http://www.jamaica-gleaner.com/gleaner/20090806/ent/ent5.html

  513. Two executed as China fraud crackdown continues

    Maybe the West should start doing the same to slowdown this contagious virus of financial fraud.

    http://www.thenational.ae/apps/pbcs.dll/article?AID=/20090806/BUSINESS/708069956/1005

  514. Nocotec don’t be so sensitive man. You sounding like Lord Anthony Gifford now.

    Chin up Nocotec.

  515. Floridian:

    David Smith and Misick are two peas in a pod. It appears that the report missed a few of Misick’s deals with Smith. I wonder how that happened.

    From what I heeard, MIsick helped facilitate a huge transfer.

    Ply his trade? The two will be bunkmates in hell.

  516. No one has answered if the case is soo clear cut why is the prosecution asking for more time……..AGAIN!!!!

    Floridian,

    Do u care to answer?

  517. Wantmymoney, Tafari answered for you already.

    Tafari, nothing was ‘missed’ by the Commission. You should know better than that.

    Nocotec, we are gracious at this time. We shall continue forward in your memory. All for free!

    Surely your dissent and consistent advice for victims NOT to take actions against the conspirators will leave a void here on the blogs.

  518. Noncotec

    As Mercedes Benz said of inventing the car aibags, “Somethings are too important not to share.”

  519. Wantmymoney there are sooo many “why’s?” hold on to your bonnet all your “why’s” will soon be answered.

    Why did Deacon ask for nine months? so many “why’s”

    Like why rush? Deacon always told you to wait. Take a page out of deacon’s book.

  520. Interesting Floridian. We se seem to have forgotten the “nine months”. Has anyone been able to nail down exactly he wanted nine months? It seems as arbitrary now as it did then.

    What is the next court date?

  521. Floridian

    Can u answer the question or not….i guess not….is it that the prosecution has no case….i thought u shared ur full hundred with them.

  522. Wantmymoney….Ok. The prosecution has no case. I have a case for them. I can testify that the guy has my money and refuses to give it back. Just me. Forget the thousands of “investors”.

    Do you realize that the authorities has only 13 million dollars?

    Are you aware that the guy owes over one hundred million dollars?

    Do you know that people like Tafari and Wantmymoney does not have their money?

    Eh Wantmymoney? The money frozen can not even repay the folks who invested with Olint TCI. What prevents DS from paying the millions to Olint (Jamaica)? What “big man” is holding up that money?

    Nocotec. I eat my words tonight! These “investors” are really stupid! I bow before you Nocotec. You were right all along.

  523. I don’t even know the name of the prosecutor or the judge in TCI.

    Look just like the airbags you might find free info on http://www.olintja.com or here but other parts of the engineering have commercial value.

    Next court date is August 11th in London Tafari.

    Deacon specific thing is October 2009.

    Wantmymoney can give the date.

  524. Prosecutor? I’m above such Rangelling. You have to go up the ladder.

  525. Credit crisis! – Government of Jamaica slams rating agency for downgrade – Opposition says critique right on the money

    http://www.jamaica-gleaner.com/gleaner/20090807/lead/lead1.html

    Jamaicans under pressure. Time for Wayne Smith to stop chat the bag of lip service and pay the people their money.

  526. Wantmymoney

    Let us rest off the Deacon Smith olint thing till October. The country has more pressing issues. The S&P Ratings, the IMF and the Stern/Azan judgement that may have the country face a general election.

    Leave teefing deacon for the moment.

    Is only a mother could love him.

  527. Wantmymoney could you ever have forseen another David and Tracy Smith sponsored general election in less than 2 years?

  528. The degree of secrecy surrounding the hospitals contracts has been unprecedented with Ministers (Royal Robinson) even saying in the House of Assembly that the public could not be given the details. The possible involvement of Delroy Howell, the possible ownership interests by other prominent individuals connected to the Misick government, are all important pieces of information that have been and continue to be kept from the public.

    http://www.tcijournal.com/index.php?idsub=1564&id=8

  529. Tafari said:

    David Smith and Misick are two peas in a pod. It appears that the report missed a few of Misick’s deals with Smith. I wonder how that happened
    ______________________

    Floridian / Tafari:

    Where can we find the part of the commission report that deals with Misick and DS?

    -Söze

  530. Nocotec,

    Your contributions to this blog and for exposing the truth behind OLINT & David Smith can never be forgotten.

    You mentioned that you have another angle to approach dismantling the conspiracy.

    Please help those of us who cannot afford the big law firms to reclaim what is due to us and our respective families, especially our children.
    Before you depart on your vacation, please share with us your thoughts on how best to proceed as you indicated earlier.

    On behalf of ALL Olint investors, many thanks for your efforts thus far.

    • Thanks Noco?!

      What about Walker? Belcher? Rawson? Olint JA? Sirach? Floridian? They don’t get any love?

  531. @John,

    Nocotec has provided a number of responses to that question which was posed by other before, just go back and search and you will find them.

  532. This is something Nocotec has written about. Lawyers not wanting to take a case on an contingent basic if they believe payments may not be forth coming.

    http://www.chron.com/disp/story.mpl/business/6563818.html

  533. In a vault at RSRB in London.

  534. Evidence is not for all eyes. Especially those who seem to call for it’s revealation the most.

    Done nothing wrong? then you have nothing to worry about.

  535. Same thing.

    “I was not told my project was being investigated by the Commission. I was not told that consideration was being given to placing a stop on the project and at no time was I consulted or given a chance to make any comment or representation.”

    http://www.tcweeklynews.com/default.asp?sourceid=&smenu=1&twindow=&mad=&sdetail=1467&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=2404&hn=tcweeklynews&he=.com

  536. I think this blog is far more informative on the Olint issues than the Jamaica media. Here is the bit of news in the Jamaica Gleaner on the Olint Aug 5 case
    Olint boss for Court October 26
    Posted: 2009-08-07 17:36:47 (2 Comments)

    Olint Boss David Smith is to return to court on fraud charges in the Turks and Cacois Island on October 26.

    Mr Smith appeared in court two days ago when the matter was put off and his US$1 million bail extended.

    Mr Smith is on several counts of theft, false accounting and uttering false documents.

    He was first arrested in February and again in June after additional charges were laid against him.

    In July last year members of the Royal Turks and Caicos Islands Police Force, raided David Smith’s house and seized documents and computers.

    A few months ago, Joseph P Connolly, the liquidator appointed to wind up the failed investment scheme said there is not enough money to repay clients.

    According to Mr Connolly the only identified assets of Olint TCI is the money that was frozen by the authorities in the United States and Turks and Caicos.

    That money amounts to only US$13 million.

    This is several times less than what officials believe might have been invested in Olint.

  537. Killa

    North Korean style suppression of public information to continue to be the court order of that day was pure Dumb Luck.

    http://www.tcijournal.com/index.php?idsub=1565&id=8

  538. …puppet masters had approved it.

    Puppetmasters?

    If you don’t have co-equal inalienable rights enforceable by anyone against anyone without question at any time, then the individual rights of everyone are always in doubt anywhere. That’s because you then have the rule of men, who decide whether your rights are in the “public interest,” instead of the Rule of Law where individual rights are unquestioned and limited only by the enjoyment of the individual rights of other individuals.

    Under the Rule of Law, inalienable rights cannot be obviated by the “public interest” because the ONLY public interest is that all men and women co-equally enjoy inalienable rights at all times.

    http://www.tcijournal.com/index.php?idsub=1565&id=8

  539. August 7, 2009 – Random Thoughts on the TCI Scene – By The Torch
    By The Torch

    The Turks and Caicos Bar Association, if it even exists in any real sense, is a public disgrace. Its members routinely charge $5000 for 30 minutes of simple conveyancing of a house or land. They also typically charge $1000+ for a work permit renewal. This is literally less than 20 minutes work and it is not even done by the lawyer. It is done by a paralegal! The Torch himself was requested to pay a $5000 fee for a piece of form completion work he did in 10 minutes and filed at the government department himself.

    The Torch does not know what these legal opportunists charge if you want them to set up a corporation owned by a trust and an accompanying bank account. This must be a common client request in this jurisdiction. The Torch would guess at a minimum of $10000. Again, this is simple form completion for the corporation and boiler-plate word processing for the trust document. There is not even the art of opening the bank account anymore. TCI banks want the same disclosure as US banks. If you don’t make the disclosure, you don’t get the account. Yet these legal fees remain escalated far above their reasonable market levels – based upon actual expertise, effort and time expended. Instead, like many values under the TCI Doctrine of Unearned Privilege, they are based primarily upon hype.

    These fees and many more like them are possible only because of the completely unjustified, but still existent, Rule of Law reputation of the TCI. Lawyers can’t charge these fees in Cuba, Venezuela or Zimbabwe. Yet they get away with them here because of the fake “aura” of British Rule of Law.

    Say what you want about British Rule of Law (The Torch will certainly be doing so over this next few years of the Occupation.) but you cannot deny that it remains the primary “hard” business reason neophytes are suckered in here as prey for, amongst others, members of the Bar Association.

    Yet not a single one of these legal hucksters bothered to go to the Supreme Court on the day of the potential court order to continue the suppression of freedom of expression, the very basis of the Rule of Law upon which these opportunistic shysters base their predatory fees. The Torch challenges any officer of the TCI Bar Association to respond with information about the last time the Bar Association took demonstrable action as an organization to uphold any constitutional or social right of the individual upon which the members of the Bar actually rely.

    The TCI Bar Association joins Skippings, the Misick cabinet and the Non-Commissioner of Human Rights in the TCI Liberty Hall of Shame.

    If you intend to purchase a house in the TCI, you should be aware that with regard to property maintenance, there are three, and only three, options:

    1. You pay a small amount of money to a completely overpaid fellow or two, usually of Haitian origin, who are keen, hardworking, almost entirely without skills and possessing much less finesse. They will either screw up the job in hand or something next to it.

    2. You pay a large amount of money to a completely overpaid and dishonest TCI citizen bidness-man or ex-pat long-timer who will then do #1 above.

    3. You learn how to do the job yourself

    The Torch appreciates the situation report from Gordo Ward’s courtroom (TCI Journal; July 25, 2009 – Letter – Dumb Luck and Good Efforts) by the anonymous court reporter, but stands by his assertion (TCI Journal; July 24, 2009 – The Strange Case of Turk Kinay and How Dumb Luck Saved Civilization Again – By The Torch) that the only factor that prevented North Korean style suppression of public information to continue to be the court order of that day was pure Dumb Luck.

    In fact, the court reporter’s own information confirms The Torch’s assessment:

    1. Not a single member of the TCI Bar Association turned up off his or her own bat to defend the individual’s right to know what his elected public representatives are doing. They left our democratic rights to fate, knowing that the judge is required to make a decision based upon the evidence and arguments before him on that day.

    2. The Non-Commissioner of Human Rights certainly wasn’t there. Our individual rights are a complete crapshoot as far as she is concerned.

    3. Not a single member of the public media, which makes its living off the free flow of public information, was lawyered. They left our derivative rights to fate.

    4. Lawyer Monique Allen showed up, to her credit, only after being summoned by her husband, who was present in the court. Do you think she would have come had someone else hailed her? She was not there to begin with. Would she have come at all had she been in a meeting with a paying client? Pure luck!

    5. So abandoned were our individual rights that Gordo Ward took a 24 hour adjournment to consider whether a lot of people can go onto the Internet and see things that are there. What judicial courage! Pure Dumb Luck!

    All credit to those individuals who were at court. The Torch will stamp your Patriot Cards any time, but if they think they accomplished anything that was not pre-ordained, they do not understand the Brit Old Boy Network. They will now have an opportunity to observe.

    Gordo’s sole purpose that day was to find a way to recognize the Bloody Obvious without issuing a contempt citation to his FCO bud, the Blundernor.

    Accordingly (and most of this is from our court reporter), Gordo feigned intent to continue the gag order in order to assuage the Turk, whom the Blundernor’s contempt had truly screwed over; thrashed about for the Bloody Obvious; pretended to chastise those who told him the Bloody Obvious; adjourned for a day to discover the Bloody Obvious in an extremely judicial manner and then ordered the Bloody Obvious – almost as though the day before he was unaware of both the Internet and the Spy Catcher case.

    And no one but The Torch apparently noticed that Gordo didn’t summon the Blundernor to answer a contempt citation for his obvious and outrageous negligent behavior in violation of a court order.

    You don’t get your Harrod’s account as Lord and Lady Gordo by issuing contempt citations to your FCO buds! The Two Gordies had reached the judicial decision the weekend before and their FCO puppet masters had approved it. One Gordie would sell a judicial dummy and the other Gordie would apologize profusely for his contempt.

    The deal was so done and our individual rights and freedoms were temporarily allowed to prevail as a completely secondary and entirely fortuitous consequence of the Bloody Obvious and the sanctity of Lady Gordo’s Harrod’s account.

    Here’s a public service translation of Mario Hoffman’s lengthy August 6 statement: “Heck, the Brits are more dishonest than I am! I’m outta here until you fools elect your next local government. They’ll understand the value of a bribe. Oh yeah, I lied about the $50 million I’ve already invested.”

    The Torch notices that some guy has organized a third political gang, the motto of which is “People First.” Great! Just what is needed – another gang with clear-as-mud pragmatism as its goal and purpose. “People First?” As opposed to what – those farm animals that have been getting away with murder?

    Which people first? All people? Equally? If so, maybe this guy is a Journal reader and is onto something, though he couldn’t have found a less representative motto.

    However, let The Torch take a wild guess that it’s actually “People Like Me First.” Doesn’t this guy see yet what “TC Islanders First” and the Doctrine of Unearned Privilege have gotten the people of the TCI? The citizens and residents of the TCI are drunk with unearned privilege and this guy wants to sober us up with another shot.

    One more time – when you seek to subjugate some other class of people to what you perceive as your class of people, how can you complain or be surprised when some different class of people sneak in and subjugate your class of people?

    If you don’t have co-equal inalienable rights enforceable by anyone against anyone without question at any time, then the individual rights of everyone are always in doubt anywhere. That’s because you then have the rule of men, who decide whether your rights are in the “public interest,” instead of the Rule of Law where individual rights are unquestioned and limited only by the enjoyment of the individual rights of other individuals.

    Under the Rule of Law, inalienable rights cannot be obviated by the “public interest” because the ONLY public interest is that all men and women co-equally enjoy inalienable rights at all times.

    A noteworthy event occurred recently in the TCI Sun newspaper. It was almost as though the TCI is a society in which there has always been free and unquestioned availability of full information about the actions and statements of its politicians.

    The Sun published from the 1986 TCI Commission of Inquiry the entire unedited and agreed transcript of the tape recorded conversation made on or about December 16 1985 between Oswald Skippings and Luis Gravely. In this conversation, Oz incites Graveley to commit severe violence against several named TCI politicians of that era.

    Right there in the Sun were all of the old favorite Oz statements the PDM tribe would like voters to forget or, in the case of young unsuspecting PDM supporters, never know:

    1. “OK you need some dynie and stuff – some dynamite and stuff.”

    2. “If you going to do something Jack let it be people and not buildings.”

    3. “OK, my philosophy buildings gonna be here, people do things. My philosophy is a building can be here for a hundred years and does not do you anything”

    4. “Go ahead man and instill some fear – I mean something, you know.”

    Yeah, this is the same guy who now submits articulate socially conscious, albeit puerile and virtually meaningless, pieces to the Journal as though he is the font of all TCI political propriety and wisdom, instead of what he really is: a common ghetto thug who has been allowed so far to get away with incitement to murder.

    Ozzy, whose most recent submissions to the Journal have dealt with such issues as “negative and detrimental influences on the minds of our up and coming,” ,”political trauma,” and “scruples, principles and ethics,” then discusses with Graveley the use of a handgun with a silencer, the names of the individuals “to be stopped” through violence and also says, “I know that, I know that,” when he is advised by Graveley that Chief Minister Nathaniel “Bops” Francis, then 73 years old, was going to be hurt physically.

    Let The Torch be clear: A prominent TCI newspaper, no doubt with its own sordid political agenda in mind, has just published for all who care to read and think to the inescapable conclusion, agreed evidence beyond any reasonable doubt that the current Deputy Party Leader of the PDM political party incited the murder (What else could dynamite and a silenced handgun be used for – hurting their feelings? Just blowing off a leg?) of lawfully elected leaders of the Turks and Caicos Islands.

    And he has never been arrested or prosecuted for that crime!! He has not experienced jeopardy. And the common law of England and Wales has no statute of limitations on any arrestable offence.

    And now sections 44 and 46 of the Criminal Justice Act 2003, which came into force in the TCI in July 2007, allow for a criminal trial without a jury when there is evidence of “a real and present danger that jury tampering would take place” and where additional measures to prevent it would not fully succeed. Every single criminal jury trial in the TCI, past, present and future, fits this definition – due to the Culture of Unearned Privilege.

    The ONLY alleged legal stumbling block to Oz’s prosecution by the Brits in 1986 was that he could not receive a constitutionally fair trial. However, ironically, the real fear was not that Oz would be convicted unfairly. The evidence was overwhelming and the PNP tribe could not have bought the entire jury pool. The fear of the Brits was that Oz would be unfairly acquitted because the PDM tribe could buy at least one juror. In other words, it mattered not what evidence the Empire had. PDM’s would jury nullify and make the Empire look like the limp appendages they still are.

    Well, that stumbling block no longer exists!!! The Attorney General has been advised by the Sun that a crime has occurred. However, the Attorney General is taken legally to have this knowledge as it has been in the public domain for over 20 years. He cannot deny knowledge of it. There has to be another legal reason he continues not to act upon his knowledge of the crime.

    The Sun has now reminded that prosecuting authority of the prima facie evidence that exists of a serious crime having been committed by a prominent TCI politician.

    The Torch hereby advises the Attorney General that his only prior alleged obstacle to an indictment of Skippings no longer exists as of two years ago. Further, the impending creation of the Misick Star Chamber will remove any possible squirm room for this comatose Attorney General.

    The TCI has a Bishop that doesn’t recognize the sin of theft (The Torch, Journal, Random Thoughts, June 9) and a Human Rights Commissioner that doesn’t recognize a blatant human rights violation.(The Torch, Journal, May 20 and 23). What are the odds it has a Public Prosecutor that doesn’t recognize an incitement to murder when it has just punched him between his eyes?

    http://www.tcijournal.com/index.php?idsub=1565&id=8

    Deserves it’s own thread Jay.

  540. Two USVI police officers indicted and arrested on federal charges

    “Anyone engaged in such conduct should be on notice that such criminal conduct will be fully investigated and prosecuted by federal law enforcement and the US Department. of Justice,”

    They also face restitution and criminal forfeiture.

    http://www.caribbeannetnews.com/news-18121–19-19–.html

  541. Lawmakers return $87,800 in Stanford donations

    US politicians have returned $87,800 in donations from accused swindler Allen Stanford so far, according to the receiver trying to recover assets for the Texas financier’s investors.

    Over the past decade, Stanford’s firm, Stanford Financial Group, spent $4.8 million in lobbying Washington politicians, according to the Center for Responsive Politics, which tracks money and politics in Washington.

    Stanford, his political action committee, employees and members of their families also made $2.4 million in campaign contributions to federal candidates since 2000, the center said.

    http://www.caribbeannetnews.com/news-18119–14-14–.html

  542. A police spokeswoman said Mr Robinson was successfully extradited from the US on Thursday and arrived at Heathrow Airport on Friday.

    http://news.bbc.co.uk/2/hi/uk_news/england/west_midlands/8191117.stm

  543. Jay

    There’s and extradition treaty between Britain and the U.S.A.?

    How come trial by Jury going to be suspended in TCI Jay? What? Something wrong with Juries in TCI?

  544. Jay

    The Western Hemisphere is still months away from full public access to the BBC’s Panorama documentary on Allan Stanford/Lester Bird.

    Do you think the U.S. politicians who are returning ‘donations’ might have flown across the Atlantic to take a look at the documentary?

    Is there a documentary on Olint for Panorama to release?

    Any answers Jay?

  545. One always want’s to hope that Deacon David Smith was not donating to politicians and carousing with ‘lobbyists’ and having private connections to World Leaders.

    One always wants to hope that Deacon David Smith was flying around in private jets and haning around small islands…..and watching a lot of cricket at Sabina and in Antigua.

    One hopes that Deacon Smith was not trying to be the Hallmark od offshore ‘banking’

    For if so….It might seem to be a blueprint of Stanford for the Deacon.

    Can the Deacon be stripped? Oh yes the article above alludes to the fact that Bishops in TCI don’t see stealing as a sin.

    Carry on then Deacon.

  546. Was Smith’s orange shirt and orange Polo cap on that picture on olintja website a prediliction? Based on Stanfords current orange jumpsuit?

    I wonder.

  547. floridian, on August 8th, 2009 at 5:05 am Said:

    Jay

    There’s and extradition treaty between Britain and the U.S.A.?

    How come trial by Jury going to be suspended in TCI Jay? What? Something wrong with Juries in TCI?
    ///////////////////////////
    Floridian:

    It never occured to me that the TCI being British territory, your deacon can easily be extradited to the US for trial.

    I\nvestors all:

    We should certainly push for an indictment in Florida.

    Does anyone know what the max sentence is for the crimes he is currently charged with?

    This guy defrauded US citizens. If the corrupt officiials in JA won’t act, we should certainly make sure he pays in the US.

    I have a call to make.

  548. Now that the case has been moved to October , Olint investors once again are left asking many questions.
    1. Why the long wait to bring David to trial
    2. When he is finally before the court will he speak about his co-conspirators.
    3. Will he “give” up the loot for a lighter sentence, ie will he accept a plea bargin.

    The other question is, if the reciever has only recovered what was already seized or freezed, what has he really been doing for the last two months, and on what basis will he be paid.

    In the Madoff case, currently taking place, the lawyers are being paid for SPIC and NOT investors money, in the caribbean ponzi, the investor get screwed twice.
    Once by the fraudster and next from the receiver and lawyers brought in to “clean up” the case.

    Where is David Smith’s dream team of lawyers?
    Are they still in place?
    If not, did they get paid, for what and how much?
    Where did the money come from to pay them?
    Are the defrauded investors going to ask a judge to prevent David Smith law team from receiving any funds from David’s personal/investors account.
    If David Smith’s and Olint assets where frozen how did the dream team of lawyers get paid, and who authorized such payments. Was that obtained via a court order.

    If not was there any breach of the freeze placed on Smith’s/Olint accounts.?
    Shouldn’t the law fees that were paid(if they were paid), be returned and shouldn’t the receiver go after those lawyers.

    Well, Olint investors still have another 2 months to wait, for what I don’t know.

  549. I am very suprise that this blog did no report the latest new Re: The 5? Even to date nothing has been said? I am starting wonder if i made up the date in my head? What’s up? Slipping.

  550. Jr

    Months ago this blog was told that the 5th of August was not of any real consequence to the investors. Days before the Gleaner reported the October date it was blogged here.

  551. Ok, that missed me. Thanks. When is the new date?

  552. August 11th. London.

  553. What should concern the ECJ and the Parliament that would ultimately decide this issue are the lack of capacity of our parliamentarians to properly service their constituents, and the threat to their independence arising from their dependence on special interests for campaign and party financing.

    Campaign and party financing, long identified as a necessary area for reform, has inexplicably been left off of the present agenda for electoral review. The real concern of Jamaicans should be that their representatives are free from influence peddling that would neutralise their votes and ultimately hurt their interests.

    http://www.sunheraldja.com/2009/08/the-ecj%e2%80%99s-wrong-focus/

  554. I am confused!!!!! What will be happening Aug 11th in London????

  555. Ex-premier’s UK case August 11
    by VivianTyson
    Sun Senior Editor.

    Live&LetLive Sun TCI August 7th- 14th pick up your hardcopy today.

    Listen i hope your not back to get on my case I like to spend Sunday’s reading the various ‘rivalry’ in Jamaica’s two main newspapers. It is amusing.

    When Deacon trial start though…on the stand..hmm…In Jamaica time going to stand still and many bottom lips going to touch the ground.

  556. Deacon you have even me a feel some pity for them (for a moment). Help them Deacon…stop sell them the gow.

    Them won’t even make it past the first hurdle. Help them nuh Deacon? Oh gosh man…

  557. Carambola every Wednesday chess club. Deacon you want us to play a game of chess together and film it and put it on the blogs?

    Let me know.

  558. Inept police? Money changing hands? Cant trace a funds transfer? Need help from the FBI? Knighton to be replaced?

  559. Jamaican authorities won’t cooperate? Jamaican official with dirty hands? Money for silence? Lord Gifford upset? Wayne has money in his name in Caribbean territory? Arrest warrant to be issued?

  560. Real estate in Florida purchased with Olint funds? Pembroke Pines and Weston? Jamaican misister of Government scared? Sister shopping at Bloomimgdales in Boca Raton? Martinez should send the 40 mil back to TCI?

  561. In response on November 21st Olint asked NCB for an extension to March 14 2008, NCB believing that this period was too long agreed to extend until January 14 2008. On January 1, days before the extension period was going to expire Olint without any notice successfully applied ex parte (from (by or for) one party) injunction preventing NCB from closing its accounts until January 15th. An application inter parties (between the parties) came before Mr. Justice Jones on the 17th and 18th of March. He dismissed the application because he did not find that it gave rise to a serious issue. Olint appealed and on July 18th 2008 the Court of Appeal grated the injunction until trail.

  562. Don’t talk too loud? That is the lawyer? TCI Bank Ltd? Is thatt he one? SOF? NSA? We better end this conversation?

  563. Belize? Nah? Panama? Nah? Belize better?

  564. How much in Allegro resort? Want that money back? Over 10 mil? Much more than that?

  565. I gave the blog a break for a few days and no one has questioned why the prosecution has asked for more time again…..how many have they come and asked for more time???

    This is of no concern to anyone…. we keep hearing that this is such a clear case yet the prosecution still needs more time.

    JohnDoe,

    Can you perhaps suggest a reason why…….is this acceptable in ur opinion?

  566. Wantmymoney:

    Does it really matter how much time the prosecution wants? The Court in the TCI has no access to the stolen money that David Smith has hidden. To date they have managed to secure US $13 million.

    They have NO jurisdiction over funds moved around outside the TCI under Olint (Jamaica). The court’s juristiction (and as such the liquidation) pertains to Olint TCI ONLY.

    So, you need to ask David Smith why he won’t pay your money. You may have to go to Belize to do that though. I heard he is planning to make a run.

    One of the cops watching him was recently reassigned. Speculation is that David Smith may have made him an offer.

    Wantmymoney, if the courts does not have the money nor jurisdiction over the money, why are you waiting on the court?

  567. Wantmymoney:

    You should carefully read my recent posts……Questions! Read and re-read. What do you make of it?

  568. Wantmymoney:

    I wantmymoney, you want your money, we all want our money. But the court in TCI does not have our money. They don’t even have enough to pay the folks in the TCI.

    So what has your good christian brother done with the money? Do you understand how a ponzi works?

    The operator spends some, he gives some to his family, he bribes polititians with some, he buys property for good friends with some, he uses some to pay back old “investors” and he steals and stashes some.

    Our hope is in finding the little he has hidden. BUt the authorities in JA won’t help and the cops in the TCI are inept, and the liquidator is just trying to make a buck on the deal.

    So it is tough going. Your best bet is to call David Smith personally….oops! He is not answering his phone.

    If you go to the TCI to visit him, tell him I really need my money too…..

  569. Does it really matter how much time the prosecution wants?

    Tafari,

    My question is a simple one…..WHY ARE THEY REQUESTING MORE TIME AFTER HAVING OVER A YEAR!!!! if DS has committed these crimes let the justice system do its work….this is taking too long!

  570. There can be any number of reasons wantmymoney. ….

    Maybe the guy’s wife left him Aug 4th. Maybe they are working out a plea deal with DS. Maybe they found new evidence, maybe the police investigator had diarrhea, maybe they couldn’t get a witness to testify, maybe the Jamaica government suddenly decided to help, maybe maybe maybe….Who knows.

    Is your concern that DS is free for too long? Because as I said before, the court is NOT preventing him from paying you.

  571. As long as they don’t touch Tracey? I am concerned for my kids? Not going back to Jamaica? Wachovia? I hear you…..

  572. Mother has nothing to be worried about? really? You think so?

  573. I don’t think that the TCI has a “speedy trial” law. But DS wouldn’t want a speedy trial anyway. I think he needs another 9 months!

  574. Wantmymoney, on August 9th, 2009 at 6:08 pm Said:

    ………………………………….Tafari,

    My question is a simple one…..WHY ARE THEY REQUESTING MORE TIME AFTER HAVING OVER A YEAR!!!! if DS has committed these crimes let the justice system do its work….this is taking too long!

    ////////////////

    Did ou say if? I think that a court already ruled that he did. The liquidation is already ordered. The criminal trial has nothing to do with thye liquidation of the company. Well, except DS offers up money in exchange for reduced charges or a reduced sentence.

    The court has looked at the evidence and determined that the guy was running a ponzi. Why do you still say if?

    Olint TCI is no more. It is in liquidation.

    Wantmymoney, are you still in denial or just being the devil’s advocate to promote debate? because I can’t imagine you are that stupid!

  575. There is an old saying “Justice delayed is justice denied”. Well, I am being denied justice because in the meantime, this guy is having steak for dinner on my dime.

    Here is a man who has done not a single day of work in over three years and he is living good off people’s money….even now.

    So wantmymoney, maybe your anger and frustration is a little misguided.

  576. And misdirected!

  577. Interesting stuff.

  578. National Bank Of The Virgin Islands Limited , Wickhams Cay. Can I get a loan?

  579. A fully secured loan!

  580. And interest free too…..Oh! Make that a grant! I am a good student!

  581. In the USA, EU most private detectives have little or no trouble getting bank account information for clients. Their methods are highly illegal but we never hear of any of them getting prosecuted.

  582. In the USA, EU most private detectives have little or no trouble getting bank account information for clients. Their methods are highly illegal but we never hear of any of them getting prosecuted.
    Setting up the asset protection strategy in a jurisdiction with strong banking secrecy has got to be a cornerstone of the asset protection structure.

    Favorable bank secrecy laws generally call for civil penalties and the opportunity for criminal convictions if any bank employee, officer or director divulges any banking information or files, statements etc pertaining to any bank account or the bank account holder.

  583. Via Espana Panama. Hay un banco muy lindo ahi. What a beautiful place with beautiful little banks in Panama….OOPS!

    Hey DS, isn’t the lobby cute? The marbe is spotless! Nice!

  584. That’s a pretty little account. Wonder how much is im Belize………The layyers didn’t need to know that? Really?

  585. That’s a pretty little account. Wonder how much is im Belize………The lawyers didn’t need to know that? Really?

  586. Buju Banton:

    While them sleep me a patrol!

  587. Puppetmaster.

    The rape who was there who made satements on whose behalf etc. Set it.

  588. @wantmymoney.

    I have been extremely busy so I have been only looking inm little time to post.

    Re: delay again until October
    I am not surprised at all at the delay…. but let me make something clear…

    OLINT TCI is in liquidation…. Try and understand clearly what that means.

    While the OLINT boss being in court is related to OLINT TCI’s and TCI FX’s Liquidation, they can be viewed as two separate matters.

    Remember a failed business can be liquidated. Whether the business is legitimate or a PONZI or a front for Money Laundering is another issue. OLINT TCI the “Business” is being liquidator… contact the Liquidator and put in your claim.

    Simply put OLINT TCI the business is done… It crashed in late 2007.

  589. The OLINT PR claimed that OLINT Jamaica was customer care… not sure what that meant… but that is PR for you…

    One line of argument is that all funds were allegedly transferred from OLINT to OLINT TCI…. mmh… in 2006….

    In a July 2008 interview, the OLINT BOSS mentioned that some money was transferred to a JIJ investments, a company related to Martinez of I Trade FX

    ( AML did I get that right? is it ITRADE FX or I Trade FX?)

    There are other lines or argument to look at Pananma. Overseas Locket Investment was a Panamian Company but they were sort of blacklisted by some Panamaian Authorities…

    Interestedly the Martinezs seem to be back in Panama…. What that is about I am not sure… but it is interesting…

    Really people just need to talk to liquidator/receiver and if you are so inclined then join in the many lawsuits… filed against the OLINT Boss and related parties…

    Weigh carefully the Cost/Benefits though of a lawsuit at this time.. Nocotec has gone over the issues.. but talk to your lawyer…

    Again it is all about pick up the peices, ensuring that the perpretators are put in jail and not allow the enjoy any of the PONZI loot..

    BUT the only way that will happen is if people forget the shame and embarrassment and provide the TCI, liquidators with all the details they have

    @wantmymoney the real window of opportunity for OLINT investors was between Jan – June 2008… but alas they waiting instead of Acting…..

  590. John Doe

    BUT the only way that will happen is if people forget the shame and embarrassment and provide the TCI, liquidators with all the details they have.

    Better to clear with the United States. ‘Fantasy’ Island can be ‘strange’ at times.

  591. John Doe

    Elevator seems to be going in only one direction. Going Down.

  592. http://wiv4.wordpress.com/2009/08/06/jamaican-independence/

    Allan Hutchinson. You and your people get your Olint money yet?

  593. That WIV4 news report suggests that the delay was from which side? Defense or prosecution?

    Wantmymoney if David Smith and Tracy Smith are “sooo clearly hurried to be vindicated” then why do they want to slow things down?

    They want discovery and them and their family members run from service of process and ittergatories and run and run. Not behaviour that suggests an anxiousness to get going in court.

    People don’t let them fool you.

  594. My question is a simple one…..WHY ARE THEY REQUESTING MORE TIME AFTER HAVING OVER A YEAR!!!!

    Listen to the report Wantmmoney. Comprehension test.

  595. John Doe,

    a company related to Martinez of I Trade FX
    ( AML did I get that right? is it ITRADE FX or I Trade FX?)

    It is I Trade FX, they tend to use I-Trade FX which is not registered as a Fictitious Name or a company in Florida. I-Trade FX does not exist in NFA paperwork.

  596. It is further understood that Hughes was selected after the prime minister met stiff, almost violent, rejection of his first choice to replace Crooks.

    According to Sunday Gleaner sources, the prime minister had initially selected the head of a major state agency for the job, but this choice was rejected by private-sector leaders who baulked at the selection, claiming that the person did not have sufficient experience.

    “Not even assurances from the prime minister that senior technical officers would be added to the ministry was enough to get the private-sector leaders to accept that appointment,” the sources said.

    Both Golding and Shaw have made it clear that they want to strengthen the technical team at the finance ministry and a multi-national agency has reportedly given a commitment to lend two or three persons to Jamaica to provide some immediate support.

    http://www.jamaica-gleaner.com/gleaner/20090809/lead/lead5.html

    Are Olint/UFO’s victims going to get a specialized Technocrat? Maybe? In the ministry of Justice? RM Joseph Smith?

  597. Charles Ross? David Weir?

  598. Further, there had been no Olint or Cash Plus or any other widespread-financial-fallout phenomenon and, back then, favourable conditions existed in other countries for those who were of a mind and had the opportunity to ‘try their luck’ elsewhere. Independent Jamaica, he was sure, was about to venture deep into the economic unknown in circumstances in which, far from any programme or required sense of pause having been introduced to the citizens by the authorities, up until recently, persons at the highest level of government publicly entertained no fears for our fortunes in these troubled times.

    Farmer Joe was livid, but it was impossible to resist the urge to mention to him that he had been a star in the show that helped to put the present administration in place. He immediately brushed me aside by reminding me that, in our conversation with Harry last year, he had told us that we should not read anything much into that: he had been paid a reasonable sum and, in any event, he had a deep passion for acting.

    http://www.jamaica-gleaner.com/gleaner/20090809/focus/focus5.html

  599. Farmer Joe? Hello?

  600. I guess you could consider this to be one of the main ‘occupational hazards’ of offshore banking in the sense that the same culture of secrecy and opacity that legitimate businesses use to create their complex array of tax shelters can also readily be exploited to facilitate criminal corruption and money laundering if a particular individual, company or organisation has a mind to use the system in that way.

    http://www.tcijournal.com/index.php?idsub=1571&id=8

  601. Meanwhile, to be hurling insults at and casting blame on our current governor, HE Gordon Wetherell, in this context is so patently ignorant that I won’t even dignify this mischief with a comment.

    My fellow TCIslanders, please, let us get a proper perspective on this national crisis, and stay focused on what needs to be done to repair the damage done to our country!

    http://www.tcijournal.com/index.php?idsub=1570&id=8

  602. The committee even reported that a pro-government newspaper on the islands ‘radically misreported comments made during one of our [the committee’s] evidence sessions’ before going on to note that the same newspaper had, after their visit, published an advertisement that threatened opposition members who had written the committee in the course of their inquiry.

    http://www.tcijournal.com/index.php?idsub=1571&id=8

  603. However, as stated in this guide, the BBC has acquired On-Demand rights to offer television programmes only in Britain and not to anywhere else in the world. Offering downloads and Flash streaming over overseas networks would be expensive due to the large files sizes.

    We are aware of demand for an international version of BBC iPlayer and will let you know when we have more news. Alternatively, please contact your own country’s broadcasters to find out if they offer a similar service to BBC iPlayer.

    http://www.bbc.co.uk/iplayer/episode/b00kfrtv/Panorama_The_Six_Billion_Dollar_Man/

  604. Panorama
    The Six Billion Dollar Man
    John Sweeney goes on the trail of the dark side of banker Sir Allen Stanford.

    BBC One, broadcast on 11 May 2009

  605. Stanford chief ‘to plead guilty’ [What of FX chief?]

    Mr Davis, 60, has been charged with conspiracy to commit mail, wire and securities fraud, and conspiracy to obstruct a Securities and Exchange Commission investigation.

    http://news.bbc.co.uk/2/hi/americas/8148674.stm

    Predicate acts….

  606. Sugar price reaches 28-year high

    http://news.bbc.co.uk/2/hi/business/8193390.stm

  607. I-Trade FX which is not registered as a Fictitious Name.

    Again, why is so hard to register and pay $50 for it?

    Anyway the company is almost dead. They have not dissolutioned the company yet and they still have a NFA appeal. The NFA have not taken their registration away yet.

  608. @wantmymoney

    Do you realize that if there was a betting marketplace to bet against Olint investors… One would make a fortune simply by betting against them… anything an Olint investor believes, just bet the opposite.

    I see that it was DS asking for the delays and not the prosecution… so the thesis of your arguments was wrong again.

    • @ nocotec

      So, according to the newscast, is it reasonable for a delay due to “discovery”? Or is it a delay tactice? And if it is a stall tactic, then what would the most logical reason for that on the side of defence.

      I guess the cogs of justice grind slow, but they also grind very hard.

  609. Welcome back Noncotec! Don’t stay far. Very soon I’m sure in just a few hours you will speak to some new ‘evidence’.

    How that August 5th thing work Noco? Did the defense ask for discovery? Could they proceed without it?

    Good to have you back Noco.

  610. Noco no joke you know. Don’t go far I think some “poison dart” coming for the fraudsters later.

  611. The ‘best’ ‘evidence’ is to hear them in their own words speaking for themselves.

  612. Ter: So, according to the newscast, is it reasonable for a delay due to “discovery”?

    There is nothing unusual about the time DS’s case has taken so far. Especially in high profile cases, there are often delays lengthening the process. One of the things ‘good lawyers’ are able to do is use the rules to gain every advantage. If info was not turned over or turned over in the required time frame, it is not unusual to have the case postponed.

    Modern cases are not like watching Perry Mason where the defense or prosecution springs surprise evidence or a new witness in court. Each side has to be given a list of witness etc in advance in sufficient time so that they can research and develop a response. Failure to do so can result in the evidence etc being excluded or additional time given to the other side.

    The delay is often more extended than the additional time required because the case has to fit into the judge’s calendar… he has other cases that occupy his schedule so he has to fit each case into his schedule.

    Discovery is about each side getting info the other side has or may have in its possession. Failure to provide such info by the prosecution can later lead to the case being overturned on appeal.

    The bottom line is that nothing that has happened so far is unusual when compared to the way these things proceed.

  613. Which is why I said from the August 5th date was set earlier in the year that it’s significance to those waiting on their money from the Smith’s was not of much significance.

    But the Olint pricipals of the fraud don’t tell their faithful that.

    When Smith’s lawywers are confronted on Duke of Earl Observer reports that Smith has money all around the world the response is that that is ‘hearsay’

    Yet, the faithful hold on and the co conspirators play their roles.

    While they still can of course.

  614. Panama is the most stable jurisdiction offering banking secrecy. Countries like the United States and China have a vested interest in Panama’s stability because of the Panama Canal. The stability of the operation of the Panama Canal is critical to world trade and the economic health of the many countries including the US. The United States looks the other way with respect to Panama’s thriving anonymous banking business, in an effort to keep the peace.

  615. Panama has bearer share corporations, which are specifically designed to be anonymous. In fact, in Spanish they are called, “Sociedad Anonima” which means “Anonymous Company”. Panama banks have no problem opening bank accounts for these types of companies because they are an accepted norm in Panama. In fact, the most common corporation suffix is not “Inc.” or “Corp.” like in the rest of the world, but rather “S.A.” which is the short form for “Sociedad Anonima”. Panama is a gold mine for those seeking corporate and banking secrecy.

  616. Banesco Internacional (Panama) S.A.

    Es tu responsibilidad….Haslo…..Joseph P. Connolly appointed Official Liquidator on 2 June 2009,

    Puedes hacerlo. Tienes el poder!

  617. DS fed misinformation to Duke of Earl. Haha DS. Who is going to have the last laugh? You can’t throw us off. We will find every penny.

  618. You sure it was not the other way around?

    Noriega can be as anonymous as he wants Tafari. don’t forget that point.

  619. But while, the approximately $500,000 donated to the PNP is an open book for all to see, the figure for the PDM remains a mystery, as not even Hoffman himself was prepared to disclose the sum after breaking the news, directing the media instead to the PDM for them to give us the figure.

    http://www.suntci.com/index.php?p=story&id=319

    Deacon imitates Stanford and Hoffman?

  620. Art the mercenarie, the chief(FX Thief), NFA, CFTC, and the IRS.

    What more can the Olint saga entail? All coming to Olinja this morning.

  621. …this dichotomy so designed for our leaders to demand accountability but not to give it; to demand respect but not give it. In this vein, the plantocracy is alive and well with our political leaders, for the most part, taking on the role of “backra massas” and their cronies as privileged house slaves.

    http://www.jamaicaobserver.com/columns/html/20090810T210000-0500_157169_OBS_WHY_OUR_LEADERS_DO_NOT_LEAD.asp

  622. King continued, “In the terrible midnight of war, men have knocked on the door of the church to ask for the bread of peace, but the church has often disappointed them… In a world gone mad with arms build-ups, chauvinistic passions and imperialistic exploitation, the church has either endorsed those activities or remained appallingly silent. And those who have gone to the church to seek the bread of economic justice have been left in the frustrating midnight of economic privation. In many instances the church has so aligned itself with the privileged classes and so defended the status quo that it has been unwilling to answer the knock at midnight.”

    As King’s words continue to resonate almost 50 years after he spoke them, the question that keeps coming forcefully to my mind is, has the Jamaican church lost its conscience?

    http://www.jamaicaobserver.com/columns/html/20090810T200000-0500_157161_OBS_HAS_THE_CHURCH_LOST_ITS_CONSCIENCE_.asp

  623. I have a question about libel.

    On a published lawsuit, you lawyer is normally protected since his profession is a lawyer.
    Now on verified complaints lawsuit, do the person signing the complaint opens themselves to perjury and libel since what they are saying is suppose to be true?

  624. http://www.olintja.com Are those tapes of Jared Martinez?

    What about tapes of David Smith and what about the tapes of Brian Trowbridge?

    When?

  625. In this audio clip from a video, Mr. Martinez did his own video. In the beginning, oh how so much stuff has changed. Remember your words.

    http://www.olintja.com

    hhahahaahahhaaaahaha

    Release the Trowbridge stuff hhahahahahahahaaa release the David Smith ‘meetings’ hahahahahahhahahaahahaa

  626. To all former and prospective clients of ITRADEFX.com: I, as a GENUINE former employee of this wretched regime, will give you the real deal Holyfield about this shameless house of cards.
    Before I commence with my rant, I would like to say that you, “QPX”, are nothing but an apologist for a rogue band of snake oil salesman, pure and simple.
    For starters, the workplace environment alone was enough to make every women’s rights advocacy group, trial lawyer, and governmental regulatory body sharpen their fangs. I’ve seen sexual harassment, favoritism, and chauvinism to the highest degree go unchallenged out of fear. Bottom line: If the authoritarian figure’s who behave in this manner treat their own in this way, what makes you think they would care about you and your money?
    Second, instead of helping people, I was encouraged to withhold, over blow, and distort the truth about the high risk of Forex to credulous novices with stars in their eyes. It would be fair to say that those clients were the main source of our income; For this reason, is it any surprise that they concentrate their marketing efforts in third world carribean islands? Connect the dots.

    Damn

    Put up the Smith tapes (I know you have them) make some big bwoys shiver.

    Why wait?

  627. @AML

    Is that the total address…http://www.olintja.com/docs/ARI_MEDIA_GROUP-8110_09-2.doc

    When I click it, I got a “page not found”

  628. ter
    click the last link.

  629. Another Deputy Financial Secretary Paul Lai who is in charge of taxation has tendered his resignation,

    http://go-jamaica.com/news/read_article.php?id=11599

    How is that? He has to finish taxing Olint ‘members’ even the ones non domiciled in Jamaica who have paid taxes already overseas.

    Finish what you and (Wayne Smith) start man. Don’t try run until you face the cases.

  630. This prophecy has already been fulfilled; however, the continuation of the work of Jesus Christ has been mandated to His church. This is not an assignment that has been delegated only to pastors and ministers, but to all those who are servants of Christ. It would indeed be a sad indictment of us, the body of Christ, if this is applicable to us: “.they are for a prey and none delivers, for a spoil and none says restore.”

    http://www.jamaicaobserver.com/columns/html/20090811T230000-0500_157271_OBS_WHO_WILL_HEAR_.asp

  631. Dear Editor, I disagree with the notion that crime is high in Jamaica because of poverty. The blame must be laid at the feet of our powerful and corrupt politicians. They incorporated and supported, both directly and indirectly, ALL branches of crime and corruption to attain and retain power.

    http://www.jamaicaobserver.com/letters/html/20090811T230000-0500_157289_OBS_POVERTY_NOT_RESPONSIBLE_FOR_CRIME.asp

  632. Floridian, can you please tell me what happened today… i thought today was the day?

  633. Red P I see the ‘4’ bus sputtering the same s….!

    I blocked long time but let us bring some clarity.

    The next date for DS/OLINT in TCI is the 26th not 29th Oct.

    That letter from lewfam is rubbish. The major does not mention the investigations in the U.S.A. etc. He is aware because he’s IMPLICATED.

    He claims money is on the ‘traders’ (David Smith) platform. Not FXCM, OANDA or I-TRADE so the Majors victims should ask him to clarify.

    Take Lewfam to court. You gave them your money. Get it back.

    Paying lawyers to ‘keep an eye’ by Lewfam is asinine as well as non-christian. Whose money pays for such counsel? It’s not paid for from any ‘gains’ of that you can be sure. so it is likelybe Lewfam members money. Which is good in a way because it shows Lewfam has your money. Do you have yours?

    Less than tewo days after claiming to have shown ‘proof’ that all the money was intact David Smith was offered the chance to do it in person by logging in to his trading platforms on the spot.

    He could do that right NOW over one year after the first offer. don’t hold your breath.

    Worldwise and Maydaisy and Olint not bringing up their websites. Ingrid Loiten not coming to Ja for
    Christmas to hold a mass meeting for the faithful.

    They have your money spending every day and driving Range and all the bells and whistles.

    Back to school blues for the faithful.

    Remember, God helps those who help themselves.

  634. Jr any member of any of these schemes who just sits and waits has no ‘day’ coming.

    The Brits were moving all around today. I have not heard of the case in London. Soon you will hear.

  635. Yesterday, I received a fair number of calls wondering if there was any news from London regarding former Premier Michael Misick’s appeal at the High Court. He is appealing a loss in a case where he is hoping to prevent the British from moving forward with the Order in Council and the necessary corrective actions needed to clean up the mess that he has made here in the Turks and Caicos.

    The last word I received was that the oral arguments were scheduled to be at 10:00am on Wednesday morning, London time.

    We should receive some word on the proceedings by mid day Eastern time today.

    http://www.tcijournal.com/index.php?idsub=1577&id=8

  636. The National Insurance Board (and the funds it is supposed to manage), hundreds of Immigration Issues, Government Ministers’ involvement with the establishment and workings of TCI Bank, and the Hospitals construction and management contracts, are just four of the many, many issues that have been left dangling for YEARS because of the lack of investigative resources. These four issues alone involve HUNDREDs of millions of dollars of public money and must be resolved.

    http://www.tcijournal.com/index.php?idsub=1577&id=8

  637. BREAKING NEWS – 08:30 EDT – August 12, 2009 – Michael Misick Loses Appeal
    Michael Misick has lost in his attempt to appeal a previous decision by the High Court in London.

    His case questioned the validity of the Order in Council that will partially suspend the Constitution of the Turks and Caicos Islands and allow the British to begin to restore some semblance of good governance to the Turks and Caicos Islands.

    Misick has no further avenue of Appeal.

    We anticipate there will be a press statement from the Governor’s office today

    http://www.tcijournal.com/index.php?idsub=1580&id=8

  638. One small step. Work can begin.

    The people of Jamaica congratulate the people of TCI in their struggle for ‘freedom’

    All the best.

    We are sorry that through ‘facilitators’ Jamaican deacon Pirates were brought to your beautiful land to bring it into disrepute.

    We endeavour to correct this injustice to you the people of TCI and crave your support while we correct this problem and restore you to a the place you were before these crimes.

  639. In the Vernacular:

    While we KARREC i’

  640. David Smith, in his address, spoke of the motivation for his philantrophy, saying that he was inspired by Joan Duncan, the founder of Jamaica Money Market Brokers, where he worked for 10 years.

    Deacon, I knew Joan Duncan. Joan was a friend of mine. Deacon you’re no Joan Duncan.

  641. Where everybody? At the meeting?

  642. @floridian

    You forgot the funnies symbol in your post….

    A return to direct rule by the empire is not a good result of some supposed struggle for freedom. It is to be noted that this guy could have been removed at the ballot box had they so chosen previously.

    Look at the commission report… DS did not introduce corruption to TCI… at best he would have taken advantage of the state of affairs that already existed.

  643. AML: I have a question about libel. On a published lawsuit, you lawyer is normally protected since his profession is a lawyer. Now on verified complaints lawsuit, do the person signing the complaint opens themselves to perjury and libel since what they are saying is suppose to be true?

    This is the kind of question that should be asked of a lawyer for the specific instance.

    Generally libel or slander is defamation of someone by another person. Libel is generally written or published defamation, slander is verbal. Libel and slander is generally separate in British derived common law jurisdictions… in others there is no distinction, it is just libel.

    Defamation does not occur if it is the truth that is said or published or caused to be said or published. Note however that anyone can sue anyone. The outcome is not just dependent on the truth of the statements. In a trial, it is dependent on what a jury believes which is influenced by many factors.

    An important concept in defamation is that the info has to be disseminated to a 3rd party… so if say you cuss the person or write and send the false publication only to him, that is not defamation. If you cause it to to be disseminated to others then there can be grounds for defamation. That is the issue with a complaint that becomes public.

    Perjury is applicable if you make or give false statements to the court… there are other cases which are not directly to the court… such as to some law enforcement agencies.

    In the absolute, perjury or defamation does not occur if the statements are true. In reality the opposite outcome is possible on either side dependent on what a judge or jury can be convinced to believe.

  644. Welcome back Noco!

    A freedom from tyranny. Is not the only island in need of emancipation from that.

    Nonco yu deh a di press conference?

    Justice is paramount. If a foreigner gives it to you it’s still Justice. If your own can’t give it to you….

    Enough said?

    I’ve said it before PR campaigns can’t change perception…well not the perceptions of the well educated for instance in the first World. You want a positive perception? Then CHANGE the reality. Talk of CHANGE while IMMEDIATELY moving in the same corrupt way almost before you began……nuff said.

    The Deacon/Misick/Facilitators issue was not the beginning of Jamaica’s embarrasment in TCI?

    You of all know that Nonco.

  645. Floridian
    I thank for your posting. I live in Canada and Lewfam has my money. Should I get a lawyer in Canada to sue or should I contact a lawyer in Jamaica. Honestly I am so broke I don’t even know how I am going to afford a Lawyer. Getting back my money from Lewfam would put food on the table and a place to live.

  646. Killa,

    Try get a group then. Have a lawyer write him and see where he stands. My UFO proceeded to tell me how connected and protected he was. But mi? Mi rancid.

    Sick a dat.

  647. Killa when I used to tell you guys that these UFOs were all ponzis and the principals crooks… you guys used to accuse me of among other things of trying to treat you like pickney. But if you ears hard, you will feel.

    The unfortunate thing for you guys is that some things when broken cannot be fixed. When you give a crook your money…. despite being warned… you don’t just ask him for it and he gives it back. He/she has usually spent most of it, hidden it or otherwise done bad things with it.

    To try to get it back the remainder is expensive or you need cooperating law enforcement to help. Even when you get lawyers and pay the huge fees. you will be lucky to get back a significant portion. Best you can hope is he has assets that can be located and sold.

  648. Does anyone know about the outcome of the trial of DS on August 5th?

  649. the investigators are still looking NOTHING HAPPENED!!!

  650. The case was postponed, apparently to Oct 26. DS’s lawyers apparently asked for more time to look at some of the prosecutions evidence…

  651. Question,

    For persons asking about the “trial” of DS, what are your expectations ie what do you all expect to get out of the case.
    Are people expecting him to tell where the loot is so it can be recovered?
    Or are people really looking forward for a conviction and a long jail term?

    I am just curious

  652. Nocotec

    Apparently when the Defense asks for time (until Oct 26th 2009) that can now be spun to mean “nothing happened.”

  653. Saying ‘It Was All Fake,’ Madoff’s CFO Pleads Guilty to 10 Felonies

    NEW YORK (CN) – Bernie Madoff’s CFO pleaded guilty Tuesday to 10 felony counts, including conspiracy, securities fraud and falsifying records, for his role in helping Madoff pull off his $64 billion Ponzi scheme. “It was all fake. It was all fictitious,” Frank DiPascali Jr. said in court.

    http://www.courthousenews.com/2009/08/11/Saying_It_Was_All_Fake_Madoff_s_CFO_Pleads_Guilty_to_10_Felonies.htm

    Will DS plead guilty in court?

  654. Lewis: Woman lost resort to Allen Stanford

    http://www.denverpost.com/headlines/ci_13038254

    (Boy Stanford really fool up d people dem. DS nearly fool up man a yard too 🙂

  655. All day, my blackberry was ringing with calls and flooded with emails. I heard from people in North Caicos, Middle Caicos, Grand Turk, South Caicos, as well as from all over Provo.

    Not one person, not one person who contacted me or with whom I spoke, was sad because of the decision in London. The Country was in a state of Joy. The only additional sentiment they expressed was now an anxiousness to move forward as quickly as possible.

    To the international community and press, I would say, do not let a few associates of Michael Misick attempt to misrepresent our perspective and our feelings. I would say over 90% of the local population is looking forward to now rebuilding our Country and is anxious to say good bye to this long, long nightmare.

    Other than those who have a similar interest as Michael Misick to try and avoid the consequences of their criminal actions from these recent years, I know of no one who is not happy that finally we can move forward.

    http://www.tcijournal.com/index.php?idsub=1583&id=8

    Chucks, Emancipation from physical slavery was long ago. Since then oppressed people have faced a myriad of injustices.

    Yesterday had little if anything to do with Colinial powers and imperialism and racism as is spun by many and no doubt will continue to be spun in certain corners.

    Yesterday was a victory against mental slavery, the legacy of apprentiship and Bakkra teefing ways and corrupt system.

    It showed that the future generations in islands like Jamaica and elsewhere can have hope and solace in the fact that there are people who dispite their small numbers stand for Justice.

    They are not selective in terms of race or politics.They are human beings.

    Of course there are persons who have material and othe rinterests in maintaining the status quo that has existed since the Emancipation Declaration. No need to explain that here. Most bloggers here understand that cornucopia all too well.

    Decency claims no particular colour, class or creed.

    Sadly nastiness does not either.

    The dissent and antics are expected but not necessary to identify yourselves. You have been identifiable all these years even if you thought you were not.

    Again, On behalf of Jamaica I congratulate the people of the TCI in thier brave and admirable quest to free themselves from MENTAL SLAVERY.

    Perhaps this awakening might spread to others close buy…..sorry I mean close by.

  656. In a statement on Wednesday, TCI Governor Gordon Wetherell welcomed the decision in the Court of Appeal to dismiss the appeal in the legal challenge brought by Misick.

    http://www.caribbeannetnews.com/news-18180–37-37–.html

    An Ethiopian is pleased, the TCI islanders are happy….Seems only ‘select’ Jamaicans remain uneasy with the turn of events.

    If you have nothing wrong then you have nothing to worry about.

  657. Don’t you agree Deacon?

  658. Deacon you can’t help your ‘protectors’ that you usually shout about?

    http://www.jamaica-gleaner.com/gleaner/20090813/business/business1.html

    Not even a year has passed since you ran your beak about who and who and who give you ‘protection.’

  659. Country still waiting on a denial of Smith’s claims in that regard.

  660. When they send the world’s best after you, you learn to write good code. Hey Bushmaster and Puppetmaster, you know anything about the attacts against wirelessexpressions.

  661. @ Jay re DS trial

    Just looking for the absolute truth to come out. The full 100 and nutn less.

    Peace

  662. Are people expecting him to tell where the loot is so it can be recovered?
    Or are people really looking forward for a conviction and a long jail term?

    Hey Jay: What would be your guess?

  663. We welcomed the visit of Mr Michael Foot to visit the Territory on 9-12 August 2009 as part of his Independent Review of British Offshore Financial Centres.

    The TCI authorities are fully committed to sound regulation of the financial services sector and to meeting internationally agreed standards of regulation, cooperation and transparency. We believe that this provides the only basis for sustainable long-term development of the sector. As a small and vulnerable jurisdiction, we also see Mr Foot’s Review as an opportunity for ensuring that policies framed by the UK Government and international community are well informed and evidence-based

    …co-operate productively with our international partners. This is an industry where reputation is everything. It is important that the international reputation of the TCI financial services sector is based soundly on fact. If the TCI financial services sector is to succeed we must ensure that the laws and the implementation of the law stands up to international scrutiny.

    http://www.tcijournal.com/index.php?idsub=1587&id=8

  664. …co-operate productively with our international partners.

    …co-operate productively with our international partners.

    …co-operate productively with our international partners.

  665. @ Floridian

    You said- “Deacon, I knew Joan Duncan. Joan was a friend of mine. Deacon you’re no Joan Duncan”

    That line sounded soooo familiar! Then I remembered. Vice president debate between Dan Quayle and Loyd Bentsen. Here it is on youtube-

    Excellent! -Ter

  666. Nocotec SAID on August 12th

    The case was postponed, apparently to Oct 26. DS’s lawyers apparently asked for more time to look at some of the prosecutions evidence…

    Floridian said on August 13th
    Nocotec

    Apparently when the Defense asks for time (until Oct 26th 2009) that can now be spun to mean “nothing happened.

    Floridian and Nocotec PLEEEASE stop leading the readers into a false sense of security. Up untill monday the 10th August the prosecution had not submitted their case to the defense WHICH THEY MUST DO 30 days before court day under the TCI laws.

    If you can prove otherwise I will consider my source of info in TCI a ‘fraud”

    SOOOO we have not gotten to the defense stalling tactics as yet we are still in the prosecution stalling phase……. 14 months later !!!!!!

  667. ‘Sources’ in TCI? hahhahahaaa

    Many “sources” in TCI don’t know the first piece of truth about Olint..

    This is not Hutchinson’s patty shop.

    You seem (live&letlive) to follow the line of Duke of Earl in making it seem Deacon and Tracy are anxious to get going inside courtrooms.

    Then why the running away from service of process?

    The re[port of WIV4 news is posted on this thread. Look again. Any G Sat student from Jamaica could comprehend it.

    Have you read the interrogatories of Bette Smith on these blogs. She says in her capacity as a director of Olint Foundation that the foundation was never funded. She never said that in 2007 for the benefit of Olint members. Only in 2009! (Talk about leading people into a false sense of security)

    How could Nocotec and I lead the readers into a false sense on security? The false sense of security in the Smith clan. Pay the people what is owed (their money) and the people will THEN take their true sense of security and leave the Smith’s and their cronies and their utterly boring lives alone.

    The defense asked for more time. This was done by asking the prosecution to present them with files of evidence. That is not mandatory. If the hearing had continued the evidence would come out on court.

    Our children in Jamaica have not been doing so well in English language the past few years.

    Live&LetLive please don’t add to Jamaica’s problems.

    If you can’t get a grasp of the TCI proceedings then you will be out ‘to pasture’ on the indictment in the United states. So many additional defendants and linkages there. The TCI thing concentrates on only one!

    If any of you want to follow the real deal that is coming you have to catch up faster.

    Deacon nuh mus know the evidence? his trading record to start? The payoff’s and who fits where when and how?

    The person that provides him bail must confidently know the evidence?

    Why not ask them live&letlive?

    Northstar is a short walk for me but perhaps you would like to give your TCI ‘source’ one more try Live&letlive.

  668. One more thing we have been (I know bloggers agree wholehearted) in David Smith et al’s STALLING phase for years.

  669. Up untill monday the 10th August the prosecution had not submitted their case to the defense WHICH THEY MUST DO 30 days before court day under the TCI laws.

    So what? Up untils years ago David Smith has my money to pay and has not done so.

    Let Deacon learn to wait just like he taught his members.

    Do unto others……Some things are just so sweet they are worth waiting for. You know what I mean Deacon.

  670. last year deacon laughed at the courts and said ‘five years’ I told Deacon to put down 15. Three ‘electoral terms.’

  671. The recent decision of the United Kingdom’s Court of Appeal is welcome and provides the way to allow the Governor to suspend the TCI’s Constitution and to begin the hard work of recovery of the Turks & Caicos Islands.

    I continue to maintain that for the past six years the TCI Constitution was in fact suspended by this outgoing Government and it applied only to certain stakeholders in the Country. There was no justice for all.

    http://www.tcijournal.com/index.php?idsub=1588&id=8

    Guest speaker Michael Missick, premier of the Turks and Caicos Islands, said that the foundation had his and his government’s support.

    “People matter, good people matter, and I am happy that this foundation has been established,” said Missick. “We appreciate the efforts of David and Tracy and how greatly they have contributed to the economy of Turks and Caicos in the short time they have been there. Jamaica’s misfortune is indeed the good fortune of Turks and Caicos having gained these model citizens.”

    http://www.jamaicaobserver.com/news/html/20071203T200000-0500_130017_OBS_OLINT_STARTS_FOUNDATION_WITH_US__M_TO_HELP_NEEDY_JAMAICANS_.asp

  672. Jamaica’s misfortune is indeed the good fortune of Turks and Caicos having gained these model citizens.”

    What a utterly callous statement coming from an associate of the Ja Govt.

    Talk about he people of Jamaica being SHAFTED.

  673. Was Don Wehby a success at the Ministry of Finance?

    http://www.jamaicaobserver.com/magazines/Business/html/20090813T220000-0500_157387_OBS_WAS_DON_WEHBY_A_SUCCESS_AT_THE_MINISTRY_OF_FINANCE_.asp

    Next week the Observer should ‘grade’ David Smith another Bruce Golding ‘rising star’ and financier.

    Congrats on the ‘mother of all conferences” hahhaahaahaahaaaa

    • Don Wheby has failed miserably in government. Pure talk he has.

      Where is the sale of Air Jamaica?
      Where is the legistlation to cap the debt and the deficit?

  674. Callous? Charles Ross made to head Commission of inquiry into finsac?

    Edith Smith confered with national honors?

    Put Christopher Zacca in for Wehby….no wait put David Weir as Minister of Finance.

  675. Jamaica’s direct foreign investments are expected to grow according to Industry and Commerce Minister Karl Samuda, despite an International Monetary Fund report saying the opposite.

    http://www.jamaica-gleaner.com/gleaner/20090814/lead/lead6.html

    Remittances plunge – Flow dips to three-year low

    http://www.jamaica-gleaner.com/gleaner/20090814/business/business1.html

    ??????

  676. Floridian:

    Here is what I don’t understand. Folks are complaining about being led into a false sense of security on the blog, about the court process taking too long, about anything which shifts blame from the real culprit.

    Why are these folks not complaining about David Smith stealing their money?

    Is is that there still are people who believe that “due diligence” by the big man is holding up their payments?

    And if they believe that, what is the source of David Smith’s power?

    Or is it just good old homegrown stupidity as Nocotec suggested?

  677. None of answers you put forward are correct.

    Tafari, ‘those’ persons are co conspirators and people who made off with innocent investors money. They are not interested in justice.

    They will have an interest in it in due time. Trust mi.

  678. live&letlive:
    Floridian and Nocotec PLEEEASE stop leading the readers into a false sense of security. Up untill monday the 10th August the prosecution had not submitted their case to the defense WHICH THEY MUST DO 30 days before court day under the TCI laws.
    If you can prove otherwise I will consider my source of info in TCI a ‘fraud”

    You chose to ignore my explanation of the process here:
    https://investforlife.wordpress.com/2009/07/19/reflections-one-year-later/#comment-19330

    And my use of the words apparently here due to the fact that I do not have direct access to court room transcripts of the proceedings.
    https://investforlife.wordpress.com/2009/07/19/reflections-one-year-later/#comment-19383

    On the other hand based on your posts you seem to have access to DS or people close to him. It may explain the reason you seem particularly sympathetic to him and his cause. Curious…

    Unless DS decides to cooperate at some point… or the prosecution discovers assets and the court orders them seized and distributed to investors… the case will have a bearing on justice but little on the recovery of funds. The liquidation proceedings has much more relevance as to whether investors recover funds…

  679. Curious? Nocotec?

    We differ there. Blatant perhaps?

  680. long time OlintJA hasn’t been updated with a SLEW of info.

    Floridian, what happened to the AM update that was supposed to happen?

  681. Nocotec:

    ….”On the other hand based on your posts you seem to have access to DS or people close to him. It may explain the reason you seem particularly sympathetic to him and his cause. Curious…”…..

    You are slipping mon…who do you think was playing the part of DS on the Olintja blog sometime ago? In fact, DS was feeding him information in realtime during the exchange took place 😉

    In fact, I think Live&LetLive is aligned with or associated with LewFam!! (reading between the lines)

  682. I don’t know ask them nuh? I suppose some info won’t be public until the Case starts.

    A lot of things go on supposedly go on through the sites ‘contact us’ feature. Some of it get’s sent to me but I’m sure it’s not all.

  683. I don’t suppose evidence of the human trafficking would ever come out to the public. That is serious stuff.

  684. @MikeD

    I was being kind… just letting him know it is obvious 🙂

  685. The Bible is a good book to read to get ideas.
    There is a story in the book of Genesis which tells of a famine in Egypt. Prior to that there was a time of plenty. The leader Pharaoh was advised by Joseph to build barns during the time of plenty and store the excess corn to prepare for the famine which eventually came. People from as far away as Canaan came to Egypt to but corn.

    Jamaicans for the most part ha a ‘show off’ mentality. In the good times we splurge and show off. Feast today, famine tomorrow. Here is good advice be it financially, food, products – Save during the time of plenty. Do not waste. I heard a saying ‘wishful waste makes woeful wants.
    When money is a plenty invest instead of buying bigger and better and painting the town red. There are some people in this present society who used to splurge big. One little calamity and they face disaster. “The fool and his money soon part.’

    http://www.jamaicaobserver.com/columns/html/20090812T200000-0500_157325_OBS_WHAT_IS_OUR_NEXT_MOVE__.asp

    from Barbara in the Observer. What a true talk Barbara. We still thankful that we put up enough to pay lawyers and all Indian chief so that the ‘big wigs’ do not get away. Many have not. That is sad. find a Unity then….or corner dark just like the ‘Big wigs’

  686. This is what happens to your money when you get greedy and stupid… first the crook steals it, then the legal crooks steal some more…

    Janvey wants to pay himself and the more than 100 lawyers and consultants he has hired to work the case. But his requested share of the pie is 34 percent of the $81.1 million of cash on hand the receiver has under his control in a bank account, according to court records. While investors will be fortunate to get back just pennies on the dollar, the attorneys could walk away with millions.

    The agency complained that Janvey is employing too many high-priced lawyers, including nine partners at Baker Botts and six financial consultants from FTI Consulting who were charging at least $500 an hour. SEC lawyers also took issue with a bill from FTI charging $280 an hor for photocopying and creating shipping labels and binders.

    See article at:

    http://www.msnbc.msn.com/id/32419014/ns/business-us_business/

  687. Can someone enlighten me as to this talk of “Human Trafficking? What proof is there? or is it just rumors?

  688. Nocotec how much Madoff charging nowadays? $1000 per hour? $2000?

    Liquidators will be liquidators. Justice is not about only Liquidators Courts police and criminals….deeper than that.

  689. nanco!

    I see MLC is abandoning his Buy hold and prosper mantra. What do u make of that? He seems to be selling all his assets at rock bottom prices. Has hr been swimming with no clothes on?

  690. Nocotec

    You want the truth?

    The full hundred will not come out here or any blog.

    If it is the full hundred that is sought I would bet on only two outlets for it (barring buyouts which are common) to come out fully no favours.

    1. The American Courts

    2. The BBC’s Panorama.

    A book can be written but at this time only with real names substituted and that would be boring.

    Some of the most powerful and nefarious people in politics, business and church are involved.

    Time will tell. Release dates for any of these ‘full hundred’ outlets must take in to consideration a variety of issues not least of which are General Election dates is several jurisdictions.

  691. @ RSI,

    I see as more re-aligning his portfolio and moving back to his core business.
    Buy and Hold is far from being dead!

  692. RSI: I see MLC is abandoning his Buy hold and prosper mantra. What do u make of that? He seems to be selling all his assets at rock bottom prices. Has hr been swimming with no clothes on?

    It is easy to become confused about the buy and hold strategy. This is something that works well for an individual or a company. An individual or company like Buffet’s Berkshire Hathaway can choose to buy stocks/companies and hold for the long term through the ups and downs.

    It may not work well for a mutual fund implementing the strategy. This is because the mutual fund is made up individual investors who may cut and run. To meet these redemptions, the mutual fund is forced to liquidate its holding at the most inopportune time… while the stocks are at their lows.

    This has a cascading effect as performance now suffers even more… which causes even more redemptions…

    There is nothing wrong with buy and hold but if you own or are running a mutual fund with that strategy, in times like now you can take a major beating. Note also that a lot of MLC’s problem were not related to the fund but to his need to raise cash for his other businesses.

  693. In its ruling, the court said the Duvalier family had failed to prove that the money, blocked since 2002, was of legitimate origin.

    It added that the Duvalier family had diverted public funds into the Swiss accounts through a Liechtenstein foundation which was tantamount to a “criminal organisation”.

    http://www.jamaicaobserver.com/tools/breakingnews/bnm.asp?bn=2248

  694. PROVIDENCIALES, Turks and Caicos Islands; Friday, August 14th, 2009 – “My fellow Turks and Caicos Islanders, my days in office as your Premier and as the Representative in Parliament for all the people of Long Bay Hills are almost over, as I have every reason to believe that the much talked about coup that the Government of the United Kingdom has been planning for the Turks and Caicos Islands is about to be executed, but I assure you that my days of service to my country, will never be over.

    http://www.tcijournal.com/index.php?idsub=1591&id=8

  695. Following the decision in the Court of Appeal in London on 12th August and on the instruction of UK Ministers, I have today signed a proclamation, published in the Gazette, which brings into force the Order in Council suspending parts of the Turks and Caicos Islands constitution.

    With immediate effect, Ministerial government and the House of Assembly are suspended meaning that Cabinet will no longer exist and the House of Assembly is dissolved and Members’ seats are vacated. The constitutional right to trial by jury is also suspended with immediate effect. In accordance with the Order in Council, this will be for a period of two years, subject to extension or abbreviation as necessary. During this period, the Governor will be responsible for the government of the Turks and Caicos Islands.

    http://www.tcijournal.com/index.php?idsub=1592&id=8

  696. After a long and frustrating period of waiting and delay, we can finally move ahead together towards a fresh start for the Islands. Our goal is to make a clean break from the mistakes of the past by establishing a durable path towards good governance, sound financial management and sustainable development. Our guiding principles will be those of transparency, accountability and responsibility. I believe that most people in the Turks and Caicos will join with me in welcoming these changes.

    http://www.tcijournal.com/index.php?idsub=1592&id=8

    Those Jamaicans so vehemenetly upposed to transparency just keep on sucking salt through a wooden spoon.

    Welcome to Britain Deacon.

  697. HOUSTON, USA (Bloomberg) — R. Allen Stanford’s court-appointed receiver asked a judge to sanction a Florida woman, who uses the Texas financier’s name and has two out-of-wedlock children by him, for selling a mansion the receiver hoped to seize to repay investors.

    Stanford receiver Ralph Janvey said he wants US District Judge David Godbey to find Rebecca Reeves-Stanford and her Florida attorneys in contempt for selling a $3 million house in May, after she learned Stanford’s assets were being sought to repay investors allegedly swindled in a $7 billion Ponzi scheme.

    http://www.caribbeannetnews.com/news-18222–14-14–.html

  698. LONDON, England (AFP) — The local government in the Caribbean territory of Turks and Caicos was ordered to be suspended following a long-running wrangle over alleged corruption, the British Foreign Office said.

    The move came five months after the premier of the eight-island tax haven resigned to make way for a unified government following a probe which found systemic corruption among the ruling elite.

    http://www.caribbeannetnews.com/news-18224–37-37–.html

  699. Turks and Caicos Governor enforces Order in Council suspending parts of constitution

    http://www.caribbeannetnews.com/turks/turks.php?news_id=18221&start=0&category_id=37

  700. It added that the Duvalier family had diverted public funds into the Swiss accounts through a Liechtenstein foundation which was tantamount to a “criminal organisation”.

    Was not Lewfam doing wire transfers through a Liechtenstein bank?

  701. It is strange that as a society, that we have lived under such fear of our leaders, and our civil servants for this long a period of time.

    http://www.tcijournal.com/index.php?idsub=1596&id=8

  702. Can’t you hear them lamenting: “How did we lose it all? How did anyone figure it out? We are soooo smart, and they are so stupid…how could they see through it?”

    http://www.tcijournal.com/index.php?idsub=1595&id=8

  703. Once a dependency of Jamaica, the islands become a crown colony when Jamaica gained its independence in 1962.

    http://news.bbc.co.uk/2/hi/uk_news/politics/8202823.stm

  704. Floridian
    I cannot follow all of your points but i am asking two simple questions
    question 1 Did the prosecution submitt the discovery documents 30 days before the trial?.

    question 2 Did you want them to proceed with the trial without the prosecutons case and half way through the trial DS lawyers start to bawl TRAIL BY AMBUSH!!!?

    It is obvious you you your not as silly as I m to have given your money to DS,why do you want this thing to slip through loop holes

    I see that your friend Notec says I am from the Lewfam camp …..Please tell him I am from the mimoney camp

  705. Live&LetLive

    I am not privy to anything outsidewhat is shown to the public in deacon’s TCI case.

    I suppose the prosecution would do what they must legally do 30 days before October 26th.

    The case in the United States (the criminal one) is what sparks my interest and shpuld the interest of many others (not only the victims and not only Deacon)

    AMBUSH? The only ambush I am aware of is the Ambush perpetrated on the victims.

    loop holes? Not in America ….BABY.

    Lewfam? Can’t comment there. Limited interest but empathy for those victims.

    Camp? The only camp I know about in this is Morelands founded by the Wildish’s and Deacon Smith being a ‘councellor’ there.

    When Deacon faces certain music then I suppose the choice to Live & Let Live becomes his to make.

    Anybody seen the pictures of Saleem Lazarus on http://www.olintja.com? Was that the opening of a hotel on Provo? Was Deacon there?

  706. Proponents of ‘loop holes’ in America get spanking even if them big and large.

  707. Worse if America want to cut them down to size from longtime. Long before Olint was ever dreamed of.

  708. Breaking News!

    Bolt runs a new world record 9.58s

  709. Saleem Lazarus

    http://www.jamaica-gleaner.com/gleaner/20080113/social/social1.html

    Saleem Lazarus: Helping to create the JLP new class of technocrat

  710. Jay: Bolt runs a new world record 9.58s

    Here is something that will upset a lot of Jcans… nocotec again goes against the common beliefs 🙂

    Just about everyone in that 100m race was doped. The amazing thing is that Bolt is such a freak of nature that if no one ever took Performance Enhancing Drugs (PED) he would still be world record holder.

    This is another one of those situations (like the UFOs) where the application of logic gives a conclusion without doubt. Here is just one example of this logic…

    Victor Conte of Balco fame and the Clear… along with Ja coach Trevor Graham and a couple others had created a project called Project World Record. Remember him, he worked with among others Marion Jones (multiple Olympic medalist) and Tim Montgomery then 100m world record holder. They believed that they could make any top 10 athlete break the world record.

    When he fell out with Tim Montgomery, the next Project World Record subject was Dwain Chambers. Dwain Chambers was later banned for 4 years. Know him? He was in the Berlin 100m race with Bolt.. He was now only able to finish 6th.

    The race for the first time ever had 7 people in the same race 10.00 secs or better. PEDs are akin to creating a Class 0 in high school track. Or running Class 4 (non dopers) with Class 1 (dopers). If nobody doped, the race would almost always have the same finish order every time. Doping creates the same finish order for the dopers, just in a faster time.

    While you celebrate, just prepare not to get devastated and disappointed if/when these guys test positive in the future.

    • Nocotec:

      Tell me if my assumption is correct; are you saying there is a “new” CLEAR? If so, your comments, just like the back… UFO-related ones will be met with as much or even greater skepticism and vitriolic “push back”…..BTW, I agree with you!!

      Bolt ran that race with very little energy expended. At the rate he is going one can expect sub 9.4 soon.

  711. @MikeD

    Yes there is at least one new ‘Clear’. Note that the 3 fastest runners of all time finished 1, 2 3 in this race. Also note that in 1988 in Seoul, Ben Johnson did 9.79. At the time blowing away the then record by similar margins.

    Further note that with the exception of the current 3 fastest to date… everyone below 9.80 later tested positive or was implicated for PEDs.

    Note also that like Tim Montgomery & Leroy Burrell etc… there are incredible coincidences that of the 6 billion people in the world… most all the top performers are concentrated among a couple of coaches…

    Note also that Carl Lewis tested positive for trace elements of legal but banned stimulants but the the US officials said the amount was not enough to enhance his performance so he was not sanctioned… is the point of PED’s not to use them and get rid of them from the body in time for competition? How then is a trace concentration not significant…..

    Now compare to the 5 Jcans that just tested positive for legal but banned PEds…. this drug is present in cough medicine… what a huge coincidence that all 5 got a cough at the same time and decided to to use the same cough medicine… Note also that some were Bolt’s training partners with the same coaching staff… and then note that PED’s are usually done with and are an integral part of the coach and staff training regimen.

    Should I go on… with the notable exception of Ben Johnson and Bolt… the 100m record has usually been lowered by 0.01 to 0.02 secs every 2 1/2 to 3 years… in fact the largest drops outside Bolt and Ben have been 3 times by 0.05…

    Logic dictates the answer.

  712. Perkins, “I have never earned a penny from such corrupt practices”

  713. Perkins, “The corruption that they talk about in Turks and Caicos is probably childs play to..”

  714. The commission of inquiry found that a Slovak developer, Mario Hoffman, had availed Misick of loans and other incentives amounting to $6m (£3.6m) in exchange for Salt Cay, a former pirate base island at the eastern end of the chain.

    While direct rule is largely welcomed on the islands, the Royal Navy has stationed a supply vessel in the deep channel between the Turks and Caicos. In seeking to reassure citizens there yesterday, Governor Wetherell said he was committed to holding free and fair elections by July 2011.

    Quoted from above article

  715. Does this remind you of the JA churches and the ponzi schemes?

    Investing in the gospel of getting rich
    Even in recession, preachers in ‘prosperity’ movement draw crowds, cash

    http://www.msnbc.msn.com/id/32432565/ns/us_news-the_new_york_times/

    • Although I know that there are Biblical principles concerning prosperity, some of these guys are a bit much. 2Peter Ch 2 comes to mind. But then who am I to judge.

  716. Following my statement of 14 August 2009, I am glad to announce the following nominated Members of the Advisory Council all of whom are Belongers.

    Mr Joseph Connolly
    Ms Edith Cox
    Mr Theo Durham
    Mr Carlton Mills
    Mr Eugene Otuonye
    Mrs Doreen Quelch-Missick
    Mr John Smith

    http://www.tcijournal.com/index.php?idsub=1607&id=8

  717. @ Nocotec.

    “We have considered all the evidence and we find that based on the evidence, the prohibited substance was not a substance that is on WADA’s prohibited list and therefore we found that there were no anti-doping violation that occurred pursuant with section two of the Anti-doping Act and therefore we were unable to impose any sanction on the athletes,” Gammon said. JADCO, he added, was in possession of the written ruling.

    JADCO also argued that “all four athletes were found with 4-Mehtly-2 Hexanamine in their urine samples which was reported as an Adverse Analytical Finding by the WADA accredited laboratory in Montreal, Canada and that this substance is considered by WADA as being of similar chemical structure to Tuaminoheptane, which is listed as an example of a stimulant in the WADA 2009 prohibited list international standard”.

    http://www.jamaicaobserver.com/sports/html/20090811T000000-0500_157212_OBS_ALL_CLEAR____BUT.asp

    Although intended by Eli Lilly to be used as a nasal decongestant, methylhexaneamine has been marketed by certain companies as a dietary supplement in combination with caffeine and other ingredients, under trade names such as Geranamine and Floradrene, to be used as an OTC thermogenic or general purpose stimulant.

    Methylhexanamine was implicated as a stimulant used by several Jamaican athletes in 2009. JADCO, the Jamaican anti-doping panel, was unable to determine whether it was prohibited by the rules.

    http://en.wikipedia.org/wiki/Methylhexanamine

    Note that the substance is found in a few dietary supplements that are being used by athletes….I think it is being proposed for the 2010 Wada’s banned substance list.

  718. Athletes should not be on diets/speed. A balanced diet, yes, but not on a weight loss diet.

  719. @ramacan

    It appears you missed the point.

    The point about one or more ‘Clear’ is that these guys are using Performance enhancing drugs (PED) that are not currently on the banned list and also very likely unknown. They are also likely using designer PEDs.

    Notice how rare it is now to see positive tests, only the dummies use drugs on the banned list. If you are using a PED on the banned list, you better mix it with something like a cleanser such as an unknown diuretic.

    The fact that a drug is not currently on the list but is later added does not change the point I am making that they are on PEDs. As a comparison when Bonds was on steroids breaking the home records in baseball, steroids were not yet banned in baseball.

    These designer drugs are not very difficult for a scientist with the requisite knowledge to create. It is like how you have several anti-cholesterol drugs in the class of statins, like Lipitor, Crestor. They all have the same function but you have to know the specific compound to test for.

    These PEDs are akin to plastics… plastics can be designed to have different properties by changing the Carbon Carbon bonds and how many Carbon atoms are in the molecule. The steroids are the same way, they can start with a known steroid and add or subtract another chain… and kaboom you have an undetectable new steroid that is anew PED….

  720. @ramacan

    There is a important point that was highlighted as part of your post….

    ……”that this substance is considered by WADA as being of similar chemical structure to Tuaminoheptane, which is listed as an example of a stimulant in the WADA 2009 prohibited list international standard”…..
    Correct me if I’m wrong, but chemically, the “substance” in question closely mimics a ban product and hence in all likelihood, has nearly the same properties/outcomes as the ban substance. These athletes are not ingesting these supplements for their nutritional value, but for the “boosting” effects that the product offers. I wouldn’t be surprised if it makes the WADA list in the very near future (as outlined in post).

    What is interesting is the degrees to which today’s athletes (Athletics, Baseball, etc.) have convince themselves that if you are not taking “something”, it puts them at a disadvantage. This has pretty much put a cloud over every major sports and raises questions about the integrity of every record breaking events moving forward!

  721. @Nocotec

    thanks for the ped lesson but u missed the point of my post…….it was to show the disagreement between JADCO and its disciplinary committee, hence the reason for quoting the 1st & 2nd paragraph.

    Many discussions have taking place on methylhexanamine over the past couple of years about the similar chemical composition to substance(s) on the banned list. OTC dietary supplements with methylhexanamine as an ingredient are sold in many countries, some brands have it clearly listed as an ingredient on the label and others dont. This was a concern for athletic associations in a couple countries and that is the reason it was proposed that WADA includes it on the 2010 list since some athletes including bodybuilders who purchased these OTCs would cross reference the ingredient listing with the banned list and deem it ok to consume and would test positive because of similarities with substances on the banned list…..since it is well known that it is similar in chemical composition to substances on the banned list then why not include it.

    I AM NOT SAYING THIS IS THE CASE WITH THESE ATHLETES.

    http://www.hellenicathletes.com/news.php?news_id=552

  722. @ramacan

    I think I see the points.

    There is a lot of professional jealousy against the JA athletes particularly from the US guys. After the Balco scandal, the technological edge has now shifted to JA for the time being.

    By the way if you read the comment from Dwain Chambers in the local JA paper (Gleaner, I recall) after the race… you will see he uses the same terminology I had described… recall I said he was the next Project World Record of the Conte Group… note how he describes trying to beat Bolt as Project Bolt.

    I would not be surprised if all 8 finalists in the 100m were on PEDs. It is not my intent to single out the JA athletes as being alone. I also do not wish to go into too much detail of what I think and how I believe they are accomplishing what they are doing.

    This is the internet and a search will locate these posts. As you saw with the Olint saga, the private eyes simply use this and olintja to get much of their info to piece the stuff together.

    I believe if I was hired to proof what they are doing, I could accomplish the task in 6 months. I could outline how I would do it and why I believe I am correct in my thinking but choose not to. But there are enough clues that these guys can get caught but the same is applicable in many of the other programs too.

  723. A Vogue cover girl has won a precedent-setting court battle to unmask an anonymous blogger who called her a “skank” on the internet.

    In a case with potentially far-reaching repercussions, Liskula Cohen sought the identity of the blogger who maligned her on the Skanks in NYC blog so that she could sue him or her for defamation.

  724. Switzerland will hand over details of about 4,450 UBS bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.

    http://www.reuters.com/article/newsOne/idUSLJ59987220090819

  725. I have been pretty busy over the last couple of days so have not had time to post.
    Nocotec, I see you are trying to stir up a ants nest here re PED’s 🙂

    I would not venture to suggest that anyone is or is not using PED’s and as you have rightly pointed out, its possible for them to use drugs that are not currently on the banned list, or those that are not yet detectable.

    What’s the reason for the suspicion on drug use?
    Is it the fast time that these guys are running?
    Is it due to the fact that in the past the sports has been tainted with drug users?.

    Whatever the reason , I hope for the sake of sports that these guys are all clean.

    There are times in sports when one person comes along that turn the world of a particular sports on its head, Bolt appears to be that guy.

  726. Take a look at this rather interesting article and pay close attention to the graphs.

    http://freakonomics.blogs.nytimes.com/2008/08/21/usain-bolt-its-just-not-normal/

  727. @RSI

    We read some of the same stuff albeit at different sites… I read the same articles earlier.

  728. Jay: What’s the reason for the suspicion on drug use?
    Is it the fast time that these guys are running?
    Is it due to the fact that in the past the sports has been tainted with drug users?.

    Jay, all of the above and plus others. The NY Times graph is interesting. As I said earlier… I believe if no one ever used PEDs, Bolt is a ‘freak of nature’ and would still be world record holder. His speed over 100m for his height is incredible.

    If there were no PEDs ever used, the graphs in the article would be the same… the Y axis would simply be shifted left to indicate that mean times over the 100m is less…. and almost all the same people would be on the graph.

    When it is ‘our guy’ we have to be careful that we don’t let logic take a back seat… this is what led to the demise of the UFO investors… a willingness to believe that ‘our guy’ is capable of doing what no one else has ever done.

    There are numerous illogical clues in the performances… note I am not just referring to Bolt or Jcans. The ability to move from never being sub 10 secs to sub 9.6 in about a year… is well… Such rapid changes usually mean something different was added to the equation… consider that he was actually sub 9.6 in Bejiing, the ease up was the diff.

    Bradman did not suddenly start making centuries, double centuries and triple centuries…

    Here is another clue… recall Marion Jones… I remember at the time stating that she is on PEDs… why? It was illogical to believe that her boyfriends, baby dads etc in the same sports are on PEDs and she was not.

    Now consider that athletes in the 2 main Ja track clubs are using drugs with similarities to banned substances… these folks did not get them from the local pharmacy… this is how you get a ‘Clear’… use or develop a drug with similar but different chemical structure to the known enhancers… is it logical to believe that training partners with the same coaching staff are not engaged in similar behaviors?

    If these performances are not PED enhanced… then my brain is PED enhanced 🙂

  729. I would like to focus on Bolt right now, and its not about “our” guy.

    Since the age of 15 bolt has been a sort of a wonder kid, and as you watch his progression he has gotten better and better as an athlete.

    He did not in 2008 suddenly become a fast guy, as he has show tremendous abilities for quiet sometime now.
    If he started taking PED from age 15, then I guess his handlers would have done a darned good job in avoiding detection of the last 8yrs, which logically makes little sense to me. ( I dont the the Jamaican coaches are that smart 🙂 )

    I will never swear for anyone as many have dissapointed us in the past but in the end they have all been caught as drugs testing capabilities has gotten better.

    See IAAF Profile on bolt.

    http://www.iaaf.org/news/athletes/newsid=36356.html

    <