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

The prominent forensic accounting and consultancy firm Lewis B Freeman has been placed into receivership. So who is Lewis B Freeman.
This was the firm which was appointed receiver for Capital Blu Management, which is the Donavon Davis Jr. led forex trading outfit which ripped off its clients almost US$17M dollars.
The receiver in his last report in May 2009 had then indicated that it had only found approx. $500k and that a significant amount funds were spent on sleaze, booze, vacation and rental.

Lewis B freeman itself has now been placed into receivership as the authorities recently raided the firm trying to trace us$3.6m which is said to be held by the firm.
This is a stunning new development, and the question is can Capital Blu clients now throw in the towel at this stage.

Read more here.

http://www.law.com/jsp/article.jsp?id=1202434695199&pos=ataglance

Advertisements

760 Responses

  1. Despite the criticisms I have made about the bias and clear motive of the operators of this blog…..let me still congratulate you for keeping us informed with the latest developments including this one with Capital Blu…..congrats again.

  2. Our motives are clear, and that is to provide readers with details on all these “investment scams”, regardless of the scheme.

    We have others however, who would like for us to not expose the wrong doings of these firms, as they themselves fear being implicated in our ongoing campaign to bring all relevant information into the public forum.

    We will however continue to do what is right and expose all those who conspired to steal others hard earned cash, while at the same time ensuring that people are not duped again by the latest and greatest money making scam.

    If something is wrong with that, then I believe those who believe so, needs to get their heads examined.

  3. Yvonne’s dilemma – Millions lost on the market

    DESPITE AN ardent denial from Hands Across Jamaica founder and director, Yvonne Coke, regarding her involvement in unregulated financial schemes, The Sunday Gleaner has unearthed information implicating two of her four companies in a failed forex (foreign exchange) investment club worth more than US$30 million (J$2.7 billion).

    In a Sunday Gleaner article carried last week, Coke, denied that any of her companies – Hands Across Jamaica, Write Vision, E. Private Partners Members Club, Outstretched Hands Limited and Vision Increase SA Corp – was dealing in securities, taking deposits or carrying out any kind of monetary exchange.

    However, several club members have since come forward claiming to have invested millions of dollars in Coke’s investment scheme, Write Visions E. Partners Private Members’ Club, which promised monthly net returns of up to 18 per cent.

    http://www.jamaica-gleaner.com/gleaner/20091018/lead/lead2.html

    Who told her not to stick her head out Jay? The one floridian? Hardears like many others. Don’t want to pay? Make my day.

  4. “The board of directors have not received any funds (from the investor) or David Smith or Olint despite several requests and since April 2008,” the correspondence said.

    “Until April 2008, payments from (the investor) were regular, since then payments have ceased. This has caused great embarrassment to the board of directors,” the letter continued.

  5. Trinidad bound – Jamaican drug mules rush to the twin-island republic

    What a lot of drugs articles recently…hmmm

    http://www.jamaica-gleaner.com/gleaner/20091018/lead/lead1.html

  6. Mastercard? Big U.S.A Mastercard involed with these drug money launderers. Well I never…Senator, Congressman what you thinks of this?

  7. JN awards Mona School of Business scholar

    She said, “Before this silver lining, my sky was filled with grey clouds having me hoping and wishing for another cash plus or that it could have stayed afloat for a few more months.”

    http://www.jamaica-gleaner.com/gleaner/20091018/news/news5.html

  8. Car loans declines – Banks willing to lend, but borrowers shy

  9. Last Thursday, the group announced its new MasterCard Black credit card, offering US dollar chequing facilities and a quick payroll service at the launch of the Jamaica office at Devon House in St Andrew.

    http://www.jamaica-gleaner.com/gleaner/20091018/business/business3.html

  10. As the country’s leaders are wont to boast, Jamaica has a proud and enviable record of paying its creditors. But there comes a time when people have to face reality, put aside pride and sentiment and acquiesce to the pragmatic.

    Ehhhh???????

    http://www.jamaica-gleaner.com/gleaner/20091018/cleisure/cleisure1.html

  11. Olint victims come in all shapes, creed, gender and colours. It Red!

    China celebrates sixty big ones!

    http://www.jamaica-gleaner.com/gleaner/20091018/out/out1.html

  12. Time to ‘run wid it’

    The mind-boggling performances of our home-grown superstar, Usain Bolt, in Beijing last year and in Berlin this summer, have placed him on such a high pedestal as to make him Jamaica’s foremost ambassador throughout all of our history.

    His exploits, coming as they have done at a time of the most excruciating social, cultural and economic pain that has been experienced in his country for generations, should be made to serve as a motivating light for which we must reach in this, one of our darkest hours.

    After two years in the driver’s seat, that kind of approach and blame game is spent and, in any event, we do not witness that unworthy and unhelpful method being employed elsewhere.

    http://www.jamaica-gleaner.com/gleaner/20091018/focus/focus2.html

  13. Our country is at a serious crossroads, not only from an economic point of view, but from the values and attitudes we are teaching our children. We need to become a gentler society. The way we speak to one another, even the way we drive is aggressive. I would like to see us emphasising the importance of the simple things like saying ‘good morning’ or ‘thank you’ or holding the door for each other.

    We need to start the change now, before it is too late!

    May God bless our country.

    Don Wehby is Group Chief Operating Officer at GraceKennedy Limited.

    http://www.olintja.com/blog/archivebookmark.aspx?ID=466

  14. Again pointing to the video, Clyne said: “There’s cocaine being sold on your property.”
    Issa: “I can’t identify it.”
    DeMaria: “I see a table.”

    http://www.jamaicaobserver.com/news/html/20091017T190000-0500_161988_OBS_COURT_SEES_VIDEO_OF_ALLEGED_DRUG_USE__SEX_AT_HEDONISM.asp

    If there is a retailer then there is a wholesaler who brought it to Jamaica. I woder if how there is tape of a retailer if there might bbe tape of a wholesaler..sss.?h

  15. DeMaria: “We are going to find out where all that came from and we will report it to the Jamaican authorities. We will find out who was involved.”
    Issa: “If this is all in Jamaica, it’s a felony to witness a felony and not report it to the police.”

    http://www.jamaicaobserver.com/news/html/20091017T190000-0500_161988_OBS_COURT_SEES_VIDEO_OF_ALLEGED_DRUG_USE__SEX_AT_HEDONISM.asp

    Observer, you have the Jamaican Cabinet on them toes.

  16. She said there was even a special ‘pastors’ arrangement’ where ministers were encouraged to garner investments from their congregations, which would be invested under the name of the church.

    Morning Red PEeeeeeeeeee!

  17. Yvonne’s dilemma – Millions lost on the market

    I don’t want to burden you with my problems, but to say the financial situation is grave is an understatement. My members are not in any position to assist with any type of financing of payment as they have suffered gravely from the financial setback of the Foreign exchange trading debacle. Many have suffered from having investments in more than one club, not recognizing the link between most of the clubs and have been totally wiped out.

    My family and I have suffered in so much that even my car has been repossessed and while my personal debts pile up, I have had to strive to afford the bare necessities just to survive.

    I cannot honestly tell you that I will be able to pay you by a certain date anymore because everything upon which I had been depending has dried up. However, I am not unmindful of the debt and will as soon as I am able, do my best to make good on payment.

    I have not forgotten, but thanks for the reminder.

    Yvonne O. Coke

    http://www.olintja.com

  18. “Our country is at a serious crossroads….”

    what a freind we have in jeeesus…sing along always good to see people reurn to the fold.

    “We need to become a gentler society. The way we speak to one another, even the way we drive is aggressive. I would like to see us emphasising the importance of the simple things like saying ‘good morning’ or ‘thank you’ or holding the door for each other”

    We hear you loud and clear Mr. Wehby and are in agreement.

    However just a few brief points to be cognisant of:

    1. Many in the Diaspora (depending of geographies of course) have always lived in a ‘please and thank you’ society.

    Question: When they return to Jamaica they are not to be found in Leadership roles public or private….Why? think on these things.

    Is it that the big wigs want to ‘show off’ how well they have done without the need to have migrated? How can one measure SUCESS in a totaly corrupt and warped environment.?

    How are the people to judge those pats on the back?

    2. We need to become a gentler society…etc

    You have to be careful here Mr. Wehby…for when many of our citizens were gentle and polite others took it for weakness and like crab in barrel CAPITALIZED one what was really misunderstood as leniency or even pity at times.

    But NO. In most cases it was not reconised as such and opportunistic persons sailed to the Top.

    Now school fees are paid and food is on the table a plenty…lots of giggling and merryment but the question I think you are asking in your column today is…Having clawed to new heights…the top? The TOP of WHAT?

  19. Wantmymoney, Said: Despite the criticisms I have made about the bias and clear motive of the operators of this blog…

    Over the months that I have been blogging it became clear to me that many of the investors in these ponzi schemes clearly have a deficiency in the logic circuits of their brains.

    Think about it… many are/were willing to believe that the bloggers providing info to expose the scammers have ulterior motives… And yet they were willing to wholeheartedly believe the scammers and their claims of crazy returns backed by a continuous stream of lies. How is that possible? Does that make logical sense? 🙂

    The bloggers, that many of you keep accusing, are just a few guys that as Jay pointed out just came together to expose and provide information. There was no meeting, we just started blogging. This may surprise many… but… we do not know each other and we are located in different geographic regions of the planet 🙂

    When you guys make accusations about us, I get a big kick and start wondering if this dude or dudette is a nut 🙂

  20. Noco, and we do it for free. The prayer group supporters could never understand this. Everything many jagans see and experience is through money…sad very sad….cause you can buy and sell them open market.

  21. In paying tribute to Mr. Boxe, the NDM also accused the present Government of losing interest in pursuing justice on the issue and giving lip service to its promise of a Commission of Enquiry into the operations of FINSAC.

    During his budget presentation on May 6, Finance Minister Audley Shaw announced that the three man Commission led by retired judge Justice Boyd Carey would start hearings in July.

    A Secretariat was established on May 26 to oversee the affairs of the Enquiry however, it has yet to get underway.

    http://www.radiojamaica.com/content/view/22427/26/

  22. What is weird, and that is all it can be called from an apolitical person like me, is Floyd Seymour throwing in the towel and quitting leadership when he catches some genuine, honest questions about a money trail that has egregious conflicting stories attached to it.

    The public and press asked Floyd questions about something and all he did was duck, hide, tell several revised versions, blame others, then quit and blame everyone. Floyd, you weren’t cut out to be a politician if you cannot take this level of “heat” and it is why you never made it past your current level. I would refer you to the book “The Peter Principle”. For your sake, I hope you don’t need to read “Self-Defense For Dummies”

    http://www.tcijournal.com/index.php?idsub=1913&id=8

  23. “Leave me out of it please, because they all knew that we were not traders,” she said. When pressed on the point that the monies were actually paid over to a company registered in her name and therefore were paid to her, Coke said she needed to contact her lawyer before she could comment further.

    hahahah…excuse number 1 taken! The rest of the ‘PIGS’ scrambling…

  24. Your agent herein referred to as Write Visions e-Partner Club will exercise full agency rights to receive and place funds on your behalf and to make the necessary withdrawals and conduct all legal and any other business relating to the trading and return of your placement of funds with them.

    “My members are not in any position to assist with any type of financing of payment as they have suffered gravely from the financial setback of the Foreign exchange trading debacle. Many have suffered from having investments in more than one club, not recognizing the link between most of the clubs and have been totally wiped out.”

    …and conduct all legal and any other business relating to the trading and return of your placement of funds with them.

    …and conduct all legal and any other business relating to the trading and return of your placement of funds with them.

    http://www.jamaica-gleaner.com/gleaner/20091018/lead/lead2.html

  25. Anything from Major Neil Lewis lately? Anything from David Weir lately? anything from …….? and…? and…?

  26. Convener of FINSAC’d Extrepreneurs dead

    The commission, which comprises retired Justice Boyd Carey as chair, Charles Ross, Worrick Bogle, and Fernando DePeralto as secretary. will also examine the operations of bailout agency Finsac and whether it dealt fairly with delinquent borrowers and the disposal of confiscated assets.

    Last year, Prime Minister Bruce Golding announced plans to set up the Enquiry following complaints from borrowers about the harsh treatment meted out to them.

    http://www.radiojamaica.com/content/view/22427/26/

    Jay is that the same Sterling/Olint Charles Ross?

  27. Claudette Crooks, president of Money Masters Limited, was not amused when The Gleaner contacted her recently.

    The financial analyst was dismissive of the content of the email.

    “Anybody can send an email and circulate whatever garbage they want to circulate,” she said.

    Crooks argued that where she chooses to invest her money “is nobody’s business” but her own.

    “I would never have a discussion with a reporter as to where I invest my money and in addition to that anybody who wants to, in the context of Jamaica which is such a volatile economy, talk about people’s finances and expect people to validate what’s in an email must be crazy.”

    http://www.jamaica-gleaner.com/gleaner/20090227/news/news6.html

    Yvonne don’t follow that example.

  28. How is Chris Walker? is he still trying to block aid from coming to Jamaica??

  29. Prosecution – u have assembled all these new charges is it to drag out the oct 26 case ?….

    We NEED this case to start and finish NOW let the chips fall where they may…..

    Prosecution – u have had over 2 years now STOP dragging this out……this has been called the greatest ponzi scheme the caribbean has ever seen….. wrap it up like stanford…..

  30. In a sense, the Golding administration, having sown the wind, is reaping, as they say, the whirlwind. For in opposition, the Jamaica Labour Party (JLP), too often, framed government contracts and actions with which it disagreed in a context of corruption and held every such deal against the backdrop of the supposed disfranchisement of the ‘small man’.

    The Government must properly manage every penny of taxpayers’ money, saving every cent possible. There is a difference between this and national diminution.

    http://www.jamaica-gleaner.com/gleaner/20091019/cleisure/cleisure1.html

  31. Now more than ever before ordinary Jamaicans through the length and breadth of this nation feel unsafe, not just on the streets and as they go about their daily business, but in their homes. Worse, a growing number of Jamaicans no longer believe that the nation’s leaders are in charge.

    Nor do many Jamaicans any longer believe that their leaders possess the will, capacity or even the credibility required to take charge.

    We speak of the kind of leadership which, in pursuit of the maintenance of integrity and credibility would, regardless of the political consequences, inform Messrs Kern Spencer and Joseph Hibbert that they need to step away from Parliament. The kind of national leadership intent on doing the right thing, regardless.

    http://www.jamaicaobserver.com/editorial/html/20091018T210000-0500_162085_OBS_IN_NEED_OF_HEROES.asp

  32. Wantmymoney

    Nuh meck it look so. It’s heroes/heroine day.

    The easiest way to get money is sue a feeder. All have sued feeders so far have been promptly paid.

    Why not sue a feeder Wantmymoney?

    that what is in Turks has little if any bearing on matters…plus the American cases.

    Sue a feeder Wantmymoney then maybe you can reinvent as “gotmymoney”

  33. Sue the feeder’s before they run away with your money.

    Noco told you, John Doe, Jay, floridian and many others. This is not after the fact advice.

    Sue them NOW the window is closing. Some Reveolutionary Pators have already left.

    Don’t get caught holding the bag. Your pickney dem need the money.

  34. Don’t waste time and go watch a show at Carib…sue the feeders now. Do not waste time.

    don’t favour brand name and big wig…sue dem or you will NEVER see your money again.

  35. Times hard now. Nuh your hard earned money. God says there is time for you help yourselves.

    Sue them. the early birds will catch the worms.

  36. Some will say they are waiting on their trader…waiting on Smithy.

    Some will lie and say they are taking legal action against Smithy and nutten nuh go so…

    Sue the one you gave the money to.

    you nuh see ‘Strowly’ gone long time?

    SUE Dem quick…hurry.

  37. In need of heroes

    Monday, October 19, 2009

    Jamaicans should be forgiven if the celebratory mood on today’s National Heroes’ Day is muted compared to most such days past.

    The truth is that, for most people times are harder now than they have been for a long time.

    Job losses, wage freezes, a rising cost of living and the promise of worse to come pose a huge challenge on the economic front.

    http://www.jamaicaobserver.com/editorial/html/20091018T210000-0500_162085_OBS_IN_NEED_OF_HEROES.asp

    Prepare for the storm. Sue them and secure your money now.

  38. Floridian

    Wi nuh have no green card and wi nah guh commit suicide.

    Wi a guh live, laugh and love in Jamaica!!!!!.

    I am a bit tired of you trying to make Jamaicans living in Jamaica feel like worthless nothing ..

    . I know you are depressed but God man is there no point in time that your medication kicks in !!!!!.

    • I notice whenever you mention feeder club and/or filing lawsuit against feeder clubs, L&LL always pop his head up. Yet he has consistenly denied running a feeder club or have Olint investors piggy back off his account. :clap2:

      Something doesn’t add up here L&LL. What are you afraid of L&LL?

  39. From the tone of your comment it is evident that you are not depressed and that you are in jubilent mood living and laughing and loving Jamaica. Good for you! I would not want it any other way.

    Being tired of me? Can’t help you there. That is an internal matter for you.

    You going to sue a feeder club L&LL? What you think about that?

    Anyway if one does not want to get ‘depressed’ like me as you have put it then why hang around this blog. Go out in the sunshine and swim a Sea. It’s a holiday.

    While being ‘depressed’ as you put it I spent six weeks in Provo and swam every day. And by the way, I have lived and laughed 10 lifetimes in Jamaica and look forward to many more.

    Love Jamaica?…you better believe it. As far as I am concerned therein lies the whole point. To truly love and genuinely love Jamaica you must burn out the crablouse them who strive to selfishly &$*&! it up.

    BTW for FREE.

    Can you think of anyone like that?

    The other readers sure can…

  40. Green Card? Working on it. I wish I had a million to give to the likes of unno…Don’t let me ever run for leader. Manley would shame. Day one a fifty one way flight per day for all sodomite (the literal ones and the strait ones who live the mindset).

    Hell, we would not even need any investment once unno gone, the whole country would just start blossom and prosper from the weight of your presence being expelled from society.

    What a wieght would come of poor people’s backs.

    Young children in jamaica would not even know what the hell is teef and opportunist and hypocrite..

    Until such time though L&LL as you say…maybe you are on to something…that is to live with likes of you around I’m sure many peoplem have to use medication to stomach it.

  41. ‘Sue the feeder’ argument always brings certain people out of the woodwork….why them can’t move on and get on with themselves…h

  42. 1. What about those “pastors” who were going to learn forex trading, are they still learning or what?
    2. Many banks were saying they were planning to have some of their traders trained in forex, what became of that.
    3. Is MTI still proving forex trading.

    • Jay:

      They are still around, after all that is their only business now. In fact, they have theri sites on Trinidad now. I guess everyone in Jamaica knows about them now, thanks to the bad press on this blog (Thanks AML!). I often wonder what percentage of the Jamaican past students are actually using that training? What do you think Floridian? You were one of the MTI student from what I understand. 😉

      MTI’s 2-Day Onsite Class – 10/23/2009 @ 9am-5pm
      Location: Trinidad

      The 2 day onsite training class will be taught in Trinidad on Friday Oct. 23rd and Saturday Oct 24th of 2009, from 9:00 am EST through 5:00 pm EST. This class is Free for all MTI clients who have purchase The Ultimate Traders Package.

  43. @ MikeD great job there.

    I think we need to warn those persons that MTI is taking them for a ride.
    I have a few contacts in Trinidad who I will speak to concerning this new development.. It may be a little too late but hopefully will prevent others from being scammed.

    Thanks Mike.

  44. No No
    Mike D I have said it before I had $2000.00 for my mother in my OLINT account when we got the wait for nine months letter I cashed in on an insurrance policy and returned her $$$$ with 12%pa interest and that was the end of my liabilities.

    I happen to know that a lot of the feeder club operators had so much confidence in DS that they themselves were very exposed and had taken money from friends and family who have to be helping them out with food and gas money now.

    soooooo. I do not know how much sueing is going to help PLUS the lawyers that have been approached do not see these guys who operated the feeder club with much with MUCH and the work to prove that the contract does not say the liability finally sits with DS is too much if no money is anywhere to be found to pay the lawyer

    With that said whoever wants to sue

    • L&LL:

      What about Lewfam? Your buddies ( 😦 ) should have some serious assets that investors can go after? Right?

  45. SUE SUE SUE

    whatever makes you happy its was your money so grieve in your way

  46. Floridian

    Have a better day.
    nomally I do not read your entries the idleness of the day permitted me HOWEVER i will now return to my bussy schedule

  47. blocking too shocking..hehehe

  48. Patriot
    10/19/2009 2:56 AM
    I fully agree with this article and further suggest that such persons do exist in Jamaica before our very eyes, but are not yet activated because they believe the vast majority of people in the country are NOT YET WILLING TO FOLLOW on the correction course that we must take, either from HAVING PERSONAL INTERESTS IN AND BENEFITS FROM THE CURRENT SYSTEM or due to FEAR OF REPERCUSSION ……………….. Things may indeed have to get worse before this fear, which is now slowly turning to ANGER, will further turn to RESOLVE AND HEROISM…………. Our strong religious culture keeps on making us expect that people should do the right thing, but these people are just using our piousness to enrich and empower themselves and they will never do anything differently unless they KNOW THEY WILL BE HELD ACCOUNTABLE BY THE PEOPLE AND WILL SUFFER THE CONSEQUENCES ……… Give it a bit more time while confidence in our governance further deteriorates and you will see the next wave of Jamaican leadership heroes emerging………….. Who knows, perhaps this has already started with M-Central ???
    K
    10/19/2009 6:29 AM
    Politicians like Spencer anfd Hibbert have no shame, they are there to draw salary until they step through the prison doors.
    Wes MoLan
    10/19/2009 6:52 AM
    Thank you Editor. I see you fighting for Jamaica. It is noted and it warms my heart. Please continue your good work.

    jackfrankasphall@yahoo.com
    10/19/2009 7:03 AM
    Jamaica does have talent outsde the two partiis that can create better resust for Jamaica,it is a matter for us to put our feet in the water . At the cricket match yesterday in Trelawny every body was cheerful and happy.We are not able to get that type of spirit from the two parties. Half of the people did not vote in the last and a great number are not satisfied with party performance .If we as jamaicans just leave them let them do what they like our country will never get any better .Our must be seen to be running on principle or god help us at end result .

    Patriot Ed
    10/19/2009 11:58 AM
    Wes Molan,
    I would second your nomination. Indeed there are many heroes such as those out there who are ready to take up the fight to get our country back and if the authorities don’t gather them together into the system to make it work for us all, they will either act alone and be destroyed, or be gathered under alternative leadership to correct the situation. I also agree with more active selection process and ensuring that they are true to their promises after elections.
    As I suggested before, the most likely way to do this is to start by developing a critical mass of these Jamaican ‘heroes’ who are not afraid to HOLD EVERY ELECTED AND PUBLIC OFFICER ACCOUNTABLE FOR HIS OR HER RESPONSIBILITIES AND ACTIONS. They must be prepared to participate in civil disobedience by marching in LARGE BUT PEACEFUL DEMONSTRATIONS to gain support from the wider public and to continue until they get satisfactory results, regardless of how much they may personally suffer, or how long it will take. Patriots must neither be motivated by money, political power, nor personal glory, but just the interest of the country moving forward for betterment of ALL of our people. We should not look to topple any government, but to ensure that whoever is there does their work properly in our interest, otherwise we would just continue replacing one set for the same again, or perhaps worse.

    bogle
    10/19/2009 12:16 PM
    The problem is that some still think we need “heroic leadership”. If there is no heroic peopleship there can be no heroic leaderhsip, as leadership don’t come in a vaccum. We know Jamaicans can’t recognise good leadership when they see it, e.g. they rejected Marcus Garvey, because they don’t have the mind for it. They are the hapless folowers in Nietzsche’s Thus Spoke Zarathustra who cannot bring themselvs to stop being disciples, only wanting others to continuously lead them. Its a bit late in the day but at least the Observer editor now realises the prblem is bigger than just “eighteen years of PNP”.

  49. The fight for freedom may have been won and our rights may have been secured through the toil and sacrifices of those we proclaim as our national heroes but the price of freedom is eternal vigilance and the cause of justice can never end.

    Amid all the challenges and difficulties we face, look inside you and be strong and you’ll finally see the truth, that a hero lies in you.

    http://www.jamaica-gleaner.com/gleaner/20091020/lead/lead2.html

    The truth shall set you free.

  50. Is Deacon David smith a Don?

    The statement on crime made last week by Police Commissioner Rear Admiral Hardley Lewin is the most forthright by any commissioner as far as I can remember.

    Lewin was quoted by the Jamaica Observer as saying: “If we do not as Jamaicans collectively find the will to break the linkages between organised networks, our politics, businesses, communities, and I daresay the polices, then all our efforts at controlling crime will at best be like swimming against the currents.”

    Lewin blasted some politicians’ involvement with criminals for political benefit. Opponents are intimidated in order to try to win elections. But the hold on politicians by dons has reduced considerably. Dons now consider themselves more powerful than politicians and set their own agenda. In many cases, they help to meet some of the needs of the communities. While the politicians are unable to do much because of the economic downturn, the people look to the dons for assistance. Some dons garner their money from legitimate contracts with government, others from extortion and other forms of serious crime.

    http://www.jamaicaobserver.com/columns/html/20091019T210000-0500_162114_OBS_COURT_MATTERS__POLICE_AND_CRIME.asp

    To: David smith
    From: Bruce Golding (brucegolding@yahoo.com)
    11/28/2006
    David, I must express out thanks for your support in our efforts, especially toward the staging of our recent conference. It was a tremendous success and has significantly boosted our campaign. your assistance went a far way in making it possible. I had a brief word with Peter (Bovell) sometime ago and express the hope that we would be able to meet. i hope that we will be able to arrange to do that. Kindest regards, Bruce Golding.

    ——————————————————————————–
    http://www.olintja.com/blog/archivebookmark.aspx?ID=466

  51. I would recommend that Minister Bartlett visit some of the homes of the rural poor to appreciate fully why one single chair for his office, valued at $77,046, might seem exorbitant to those Jamaicans who don’t even own a decent plastic chair.

    I’m not sure if the prime minister recognises that there is growing cynicism – if not growing distrust – of his administration after only two years in office. Increasingly, the word on the street is “no better herring, no better barrel”, and the reason Mr Golding should be worried is that some of the talk is coming from persons who voted for his party in the last elections.

    http://www.jamaicaobserver.com/columns/html/20091019T210000-0500_162113_OBS_SACRIFICING_WHILE_SPENDING___THE_JLP_MODEL_.asp

  52. Jamaica is caught between a rock and a hard place. After 47 years of tinkering with political independence and playing around with the economy, the country is now at a crossroads with destiny. Never before in the history of this nation has the future looked so uncertain and fraught with perilous consequences.

    Lloyd B Smith

    Unfortunately, there are those like the proverbial ostrich who have buried their heads in the sand, while others see things through either orange or green spectacles. Then there are those who could not care a damn and are just doing their own thing, illegal or otherwise.

    However, there are those citizens who have the solutions to the island’s crises and want to implement them but are either alienated or forced through special circumstances or intimidation to stay on the periphery. For several decades, Jamaica has been a pressure cooker with some obvious release valves. Chief among these have been migration, religion, talk shows, entertainment, sports, gambling and general elections – a self-imposed two-party parliamentary system that gives voters the opportunity to change governments every five years. Of all of these, the first (migration) and the last (general election) have played the most pivotal roles in national development or underdevelopment.

    http://www.jamaicaobserver.com/columns/html/20091019T210000-0500_162123_OBS_RECIPE_FOR_REVOLUTION.asp

  53. Unfortunately, there are those like the proverbial ostrich who have buried their heads in the sand….

    Unfortunately, there are those like the proverbial ostrich who have buried their heads in the sand…..

    Unfortunately, there are those like the proverbial ostrich who have buried their heads in the sand…

  54. L&LL

    Get Busy. Careful I know a lot of people who get busy about nothing really significant. Then them say them ‘tired’ cause they work so hard.

    Get efficient is the more modern term.

    But if you want to get back to being busy from a break where to you choose to read me…what a way to use valuable free time…(aww I’m honoured)

    Suffice to say…if it’s is busy you want get to it! The World is watching and noticing how busy you get.

    Proceed.

  55. Mike D

    Good question….good talk. That’s a story and a half…Wait for the BBC Panorama nuhh?

    Suffice all who were there laughed when he (Martinez) called me an idiot when I challenged him….nuff laughing…anyway Panorama.

    Some big investment bankers were there and a lot of repeaters who are middlemen for Smith….hoging the front seats even while repeating….O what a Rat Race….in this ya Rat Raeyace…..some a bastard som e a ginnegog….heh

    Yes Mike D…seatbelt time? Or patience

    You know its best to know the answers before you ask a question…Rhetoric I believe? Let who fi ponder ponder….and who to dream up false answer dream up false answer.

  56. george watson
    10/20/2009 4:19 AM
    The future looks even darker for us; one alluded to in this column and reported in another section of this newspaper today. This is the article about more Jamaicans returning home. Among these are Jamaicans who will be those determined to live a lifestyle they have become accustomed to, even with their illegal status in the United States, and we well know what will happen here. More crime and more killings. The other downside for us will be less remittances flowing into the Island.
    In the meantime as this article says we look forward every five years to somebody from either the green or the orange party to save us, and when one side is in the other side either sabotages the other or refuses to support whatever concrete plans are put forward.
    The solution does not lie here and as Jamaicans we have to wake up and see this. We have to realize that there are certain forces at work in this country that are determined to maintain the status quo so that they can benefit from the chaos because they thrive on it (and these come from all walks of life – the journalists, the politicians, the hoteliers, the law enforcement agencies – right across the spectrum).
    Our answer does not lie in a Messiah or a new political party. We will survive only, with structures in place and sanctions for those who violate them. People must be accountable for their acts of omissions or commissions while in office – political or otherwise. Then we need honest people, like our Contractor General, who are determined to make them work, regardless of whom the transgressors are, and whether or not they are in political office. We are tired of the excuses. We need reasons for failures and we need less of these failures.

    Alert
    10/20/2009 8:14 AM
    Our Westminster system is unable to supply sufficiently qualified and effective men and women to run the executive of the government. It is obvious that the present administration is starved of the talent it needs to lead an efficient and effective government. This is not just a JLP problem, for this was also the case with previous administrations. It can be argued that there has not been an efficient nor effective administration since adult suffrage. It is obvious; the political parties by themselves are unable to field a cadre of competent men and women to staff the executive of the government. It is time now we move to separate the executive from the legislature. MPs were elected to represent there constituencies, free them up to do so and let us appoint qualified and competent persons to be cabinet ministries. Let us start the process of constitutional reform and separation of powers.

    mike b.
    10/20/2009 8:53 AM
    A mostly uneducated populace, well-armed, angry and hungery………Mmmmmmm a recipe for rebellion in deed. A revolution is another matter altogether. A rebellion does not always bring about a revolution.

    Are the Jamaican people close to rebellion? The answer is a clear YES. Are the Jamaican people poised for revolution? I think not. We are not sufficiently ripe in terms of our outlook on life to effect a revolution. We are not ready for revolution.

    What can result from a rebellion can lead to a revolution. The glue that would effect a revolution stemming from open rebellion would be a opportunistic LEADER. Will that leader step up to the plate? Maybe after open rebellion…yes. Maybe one will see the opportunity and seize it.

    We need a leader who can lead us. God, please send us a true leader, a true defender of us all!!!!

    Amen!!!

    Norm Edmonson
    10/20/2009 9:30 AM
    Mr. Smith accurately summarized in a single column the plight of our economy and our nation. His direct and precise assessment of where we are and where we are heading should be given immediate and serious attention because the future of our nation is in jeopardy.

    Obviously this is not the first time that he and others have expressed these grave concerns that obviously fell on deaf ears. The dreadful position that we are currently in does not provide us the luxury of ineptitude.

    The question is, are we going to take heed to these dire warnings, or are we going to continue pretending that all is well. Our Prime minister has no interest in addressing crime and the citizenry have failed to hold him accountable. Vigilantism is on the rise in the absence of a competent government, desperation grips the nation as we navigate through the minefields of despair. Logic has taken a backseat to fear, anger has replaced calm and reasoning, and the escape migrating routes are economically destitute.

    Mr. Smith and others have done their part in sounding the alarm. The nation is on fire, yet there are no fire trucks or emergency vehicles responding. It’s just a matter of time before we are all consumed by the flames.

  57. Sacrificing while spending – the JLP model

    HEART TO HEART

    With Betty Ann Blaine

    Tuesday, October 20, 2009

    Dear Reader,
    The Golding administration has to make up its mind which message it wants to send to the Jamaican people since it’s becoming increasingly clear that what we are getting are mixed messages and a lot of double speak.

    anthony todd
    10/20/2009 12:36 AM
    Well said Betty, as Joseph Hill of Culture puts it, “Too long in our little Ghetto (Jamaica) wrongs being going on, Let’s Protest”.

    The irony of politics! no matter which side or who it is, seem to have no regard for the suffering of people.

    There’s money in dem dere Hills, ( Cash Plus ) any relation? We should investigate. It’s too bad when the battlefields get red they have the means to be secured or take off to foreign

    Carbo
    10/20/2009 5:16 AM

    Betty-Ann, they do it because they don’t care and they’re NOT patriots. They really came to drink milk not count cows. In other words, they’re political pretenders, pharisees trotting out the principle of do as I say and not as I do. We are in big trouble. Jamaica is in big trouble. A coup has been staged and the seat of power is occupied by a political pretender. We have been given a six for a nine!

    May God have mercy on hardworking Jamaicans because our so called leaders are uncaring and wicked, they have no compassion for the poor.

    Keep safe,
    Carbo.
    tjeva2007@yahoo.com

    jumpy
    10/20/2009 6:17 AM
    It’s quite strange, the outcry we have been hearing about the extravagance of this Government.Strange because we know the mindset of Jamaican politicians, and hat is they are entitled.The majority of the men and women who enter politics in Jamaica do so with one thing in mind and that is , they are going to live “high on the hog” no matter what.They see this as an opportunity to exploit the Jamaican economy to their advantage.
    After being in opposition for 181/2 years and being critical of the PNP one woud believe these guys woud excercise some restraint in their extravagance but I guess they are making hay while the sun shines.
    I would like someone to delve into the spending of this Government , really dig deep and give us an ideaof whats going on.

    Minerva
    10/20/2009 6:39 AM
    “The Golding administration has to make up its mind…’ is an oxymoronic statement. if ever I heard one, since making up its mind seems to be one of the most difficult things for this government to do. The prime minister’s habit of fumbling and vacillating on important issues is causing a build up of anger and resentment towards him, which may cause the electorate to turn their backs on him.
    Jigga
    10/20/2009 6:53 AM
    Well said. I support your words 100%. I will never again vote for the JLP after my experiences within the last two years. I have never voted anything else but my experiences with them have taught me a very valuable lesson.

    watching
    10/20/2009 9:30 AM
    Thanks. I know from a long time that these politicians are dishonest.The problem with this country is that the politicians have no national pride.They are using the opportunity to fatten their pockets and also there friends. They must be careful as it seems that they forgot that Jamiacans dont take foolishesness too long.Especially if our children are hungry. How dare they freeze other workers pay and layoff some,what dem tek wi fah?

    To: David smith
    From: Bruce Golding (brucegolding@yahoo.com)
    11/28/2006
    David, I must express out thanks for your support in our efforts, especially toward the staging of our recent conference. It was a tremendous success and has significantly boosted our campaign. your assistance went a far way in making it possible. I had a brief word with Peter (Bovell) sometime ago and express the hope that we would be able to meet. i hope that we will be able to arrange to do that. Kindest regards, Bruce Golding.

  58. Startling revelations about ethanol deal
    Article Published: Sunday, October 18th, 2009
    By DURRANT PATE
    Senior Staff Reporter

    It has been revealed that the National Contracts Commission (NCC) was kept in the dark in a number of instances during negotiations between the Petroleum Corporation of Jamaica (PCJ) and Infinity Bio-energy for the sale of a shipment of dehydrated ethanol above market price.

    The Contractor General is of the considered view that the foregoing, when taken together, has disclosed what appears to be very serious issues and questions of national import, which it believes must be brought into the public view and which would warrant a full-fledged investigation.

    The documentation provided by NCC did not show why the PCJ was under an obligation to buy the ethanol from Infinity Bio-energy in the absence of a contract, but last month the parliamentary committee on Public Administration and Appropriations was informed that based on a series of emails exchanged between former PCJ chairman, Ian Moore and Infinity Bio-energy this gave rise to an obligation by the government to take the shipment of ethanol.

    Moore was fired by former energy minister, Clive Mullings who himself was later sent packing by Prime Minister Bruce Golding in his first Cabinet reshuffle.

  59. Set that one as anew thread Jay.

  60. Last year, Petrojam racked up a $7.7 billion loss, due in part to the government’s subsidy on the E-10 gasoline, which comprises 10 per cent ethanol and 90 per cent gasoline.

  61. Junior Bailey says:
    October 19, 2009 at 1:56 am
    This is even deeper than trafigura. $36MJA to US$17M. Jamaica must understand why the then Minister fired the chairman and why he was inturned fired. I think if we compare the 2 years of the present govt. and 18 of the PNP, coruption is more rampant now. The Prime Minister most take stock, he is going to make them carry down him and the government unless he is in on all this too.

    Reply
    Mark says:
    October 18, 2009 at 3:45 pm
    what a ting! same thing you march to Gordon House about its the same you are doing. But to be frank am not sure if mi sorry fi dem people, uno must hold public officers more accountable. We as a nation need to stop drive on cars top and bus windows for a meal and drink. Am sure most jamaican are not very happy with what they are getting now, but “never see come see as” my granny would say.

    Reply
    john says:
    October 18, 2009 at 6:21 am
    This is the same “ole same ole”. There is no transparency and if leave unattended this could be the worst corrupt administration in this hemisphere. Two years and you are faced with so much corruption. Roger Clarke did want about it in the last election campaign

    robert says:
    October 19, 2009 at 6:05 pm
    the green team did spend alot of money in order to get the power. What else do you all expect? someone of to pay, taxpayers money is eaiser to put your hands on….

  62. For the increasing number of citizens who view government with skepticism, the lack of forthrightness in the handling of the Joseph Hibbert and Christopher Coke cases is being regarded as evidence that when put to the test, our political leaders would always protect their own, even to the detriment of the national interest.

    To be sure, the irony of political leaders who inveigh against corruption when in opposition but fail to act decisively in matters that touch their supporters when in office is nothing new. What we, like many citizens, see as different this time is how fast the Golding administration is discarding its own mantra of anti-corruption – a call to action that resonated in the 2007 election campaign.

    http://www.sunheraldja.com/2009/10/mr-golding-must-act-now/

  63. Mark says:
    October 18, 2009 at 4:34 pm
    His he the Prime Minister or the Crime Minister, remember this “Jamaica needs and change now” well the change has come. Mi sorry fi dem poor, some will make while some will left by the way side. Too rich to be stress.

    Reply
    Edneisha Scott- Gordon says:
    October 18, 2009 at 12:01 pm
    I feel the same way.It is so blatant that these two individuals have run afoul of the law and yet total silence. The silence is deafening. The country is waiting with bated breath as to the outcome of these two incidents. Do you think they will ever have the moral authority to criticise the PNP, especially in the case of Dudus. The State is knowingly protecting an accused drug dealer and gun runner. Why not let him face the Courts , like everyone else. No wonder the country is like this. I for one, just live in Jamaica right now, because I can’t do any better. I could not care two hoots about their pronouncements. They are all power hungry, crooked politicians who fool the gullible and persons who cannot think for themselves.

    Reply
    jam 2 says:
    October 18, 2009 at 2:45 am
    Well said!!!!!! a flip flopper/ vascillator true to form as Mr. Eddie said………..I think what history will show is that all the grand pronouncements in the NDM era and the anti-corruption bandwagon he was advocating was a means to an end……………the raw pursuit of power…….

    Having gotten it amnesia sets in………. constional reform what???????? what corruption?????

  64. The silence has been broken. People have now begun to react to the social environment and the situation in the country these days. Their reaction is ranging from bitter disappointment to downright anger.

    http://www.sunheraldja.com/2009/10/the-silence-is-broken/

  65. British Courts Latest.

    Former Head Coach of Jamaica INSOLVENT and BANKRUPT.

    http://www.olintja.com/docs/John_Barnes.pdf

  66. John Barnes declared bankrupt by a Liverpool insolvency court• Former England winger will be discharged on 14 October 2010
    • Hearing takes place five days after his sacking by Tranmere

    http://www.guardian.co.uk/football/2009/oct/21/john-barnes-bankrupt-liverpool-tranmere

  67. Live and let live

    Is a big asset to this blog!…..very objective responses offered….

  68. Singing loved ones praises? Lord Jamaica. After 47 years we don’t see that game is up. Look at the mess it has gotten us into. singing ‘best and brightest’ and PR days done. It is only misleading and embarasing to the more advanced Jamaicans.

    Substance, actual results, Full transparency, Full accountabilty. Nor Public Relations for you and yours.

  69. All this myth about Bruce Golding being a great orator?

    Which mouldy woodwork veranda that comes from?

    Great orator by whose standards?

    Let him come on the TV and debate certain bloggers here if is a true title the faithful seek for him.

    John Barnes:

    On of the most spectacular goal ever seen against Brasil. Two time player of the year. England caps. Liverpool trophies.

    Sorry Bredda the politicks and Olint mash you dung.

    Usain:

    Take heed.

  70. Report Requested For : JOHN CHARLES BRYAN BARNES

    Report for Bankruptcy Case
    Individual Details
    Surname BARNES
    Forename(s) JOHN CHARLES BRYAN
    Title (Information Not Available)
    Occupation A PROVIDER OF MEDIA SERVICES
    Date of Birth (Information Not Available)
    Last Known Address 7 BARNSTON ROAD
    HESWALL
    WIRRAL
    MERSEYSIDE
    CH60 2SN

    Insolvency Case Details
    Case Name JOHN CHARLES BRYAN BARNES
    Court High Court Of Justice

    Type Bankruptcy
    Number 0005182
    Case Year 2009
    Order Date 14 October 2009
    Status Currently Bankrupt : Automatic Discharge will be 14 October 2010 See FootNote
    Case Description JOHN CHARLES BRYAN BARNES CURRENTLY A PROVIDER OF MEDIA SERVICES LATELY A FOOTBALLER OF 7 BARNSTON ROAD HESWALL WIRRAL MERSEYSIDE CH60 2SN

    Insolvency Service Contact Details
    Insolvency Service Office Liverpool
    Contact Enquiry Desk
    Address 2nd Floor
    Cunard Building
    Pier Head
    Liverpool

    Post Code L3 1DS – Click Post Code for Map of Office
    (The Insolvency Service is not responsible for the content of external sites.)
    Telephone 0151 236 9131

    http://www.olintja.com/docs/John_Barnes.pdf

  71. Nicole Haughton “Coached John Barnes for a month” I think Reggae Boyz have a new Technical director coming.

  72. The London based Economist Intelligence Unit (EIU) has delivered a bleak assessment of Jamaica’s economic prospects.

    It says the already strained fiscal position now appears increasingly unsustainable and conditions point to the risk of debt default, a position which the Government has denied.

    … will result in Jamaica paying $1.35 in debt for every $1 the country makes.

    It said that even in the event of a stronger global recovery, a rapid acceleration in Jamaican growth would remain hindered by the high costs associated with “pervasive crime” and by the heavy public-debt burden, which will continue to crowd out private investment.

    http://www.radiojamaica.com/content/view/22475/52/

  73. It’s time to STOP crime. Let it begin from the ‘top’.

  74. Extradited woman sentenced

    Meanwhile, a Jamaican woman, Yvette Scott-Patterson, who was extradited last year, has been sentenced to nearly six years in prison and ordered to pay US$110,000 in restitution for her part in a multimillion-dollar mortgage fraud scheme dubbed ‘Operation Whose House’.

    Extradited woman sentenced

    Meanwhile, a Jamaican woman, Yvette Scott-Patterson, who was extradited last year, has been sentenced to nearly six years in prison and ordered to pay US$110,000 in restitution for her part in a multimillion-dollar mortgage fraud scheme dubbed ‘Operation Whose House’.

    Extradited woman sentenced

    Meanwhile, a Jamaican woman, Yvette Scott-Patterson, who was extradited last year, has been sentenced to nearly six years in prison and ordered to pay US$110,000 in restitution for her part in a multimillion-dollar mortgage fraud scheme dubbed ‘Operation Whose House’.

    http://www.jamaica-gleaner.com/gleaner/20091021/lead/lead1.html

  75. Jay, what is restitution?

  76. Madoff adjusts to life in prison

    Life is very different for disgraced US financier Bernard Madoff, who was convicted of a $65bn (£40bn) fraud.

    http://news.bbc.co.uk/1/hi/business/8317899.stm

  77. It was not to be. Agents from the Federal Bureau of Investigation visited him on 11 December. The FBI agent asked him if there was a way to explain away the losses. “There is no innocent explanation,” Madoff told him.

    He told the FBI agent he was “broke” and expected to go to jail.

  78. John Doe (Investforlife)
    I am investor with interests in Stocks, Mutual Funds. I do not trade forex..
    I know money can be made in Forex but you can just as easily lose money.
    I am not associated with the FSC, BOJ, A Bank or in the financial sector.

    Jay
    I am not associated with any company in the financial sector.
    I am investor who has interest in real estate, the stock market and I do trade forex.
    ///////////////

    Nocotec?

  79. Jamaican labour broker convicted in US

    Viktar Krus and twenty-one other foreigners and U.S. citizens were indicted on January 13 this year for massive immigration-related fraud.

    Krus, the organizer and leader, was sentenced on July 17 to 87 months’ imprisonment after being convicted on conspiracy, visa fraud, and tax evasion charges.

    http://go-jamaica.com/news/read_article.php?id=13604

  80. To: DD,

    “case will be referenced for decades to come.”

    Are you referring to the CLICO crash, almost AIC crash, or the OLINT saga/mess?

    Where did everyone go wrong?

  81. Finance Ministry to disclose all consultancy fees

    Deacon?

    http://www.radiojamaica.com/content/view/22488/26/

  82. Dear Editors,

    I would be grateful if you would post this on your site as my last engagement with this man. I apologize for taking up important space with such trivialities:

    Re: Article in TCI Sun of Oct. 17 – Oct. 23

    Here we go again! Hayden-Boyce down in the gutter once more fabricating and distorting stories to try and sell his worthless newspaper. What a class act!

    http://www.tcijournal.com/index.php?idsub=1926&id=8

  83. GRAND TURK, Turks and Caicos Islands; Monday, October 19th, 2009 – Tenders are invited from the general Public for the purchase of Seven (7) 2007 Land Rover, Range Rover Hse.

    The vehicles can be viewed in the parking lot outside the Government Treasury in Providenciales during working hours from Tuesday the 20th October until Wednesday the 21st October 2009.

    http://www.tcijournal.com/index.php?idsub=1930&id=8

  84. It is understood that Barnes has been in touch with the Inland Revenue since the hearing to seek an agreement over unpaid taxes.

    http://www.olintja.com/docs/John_Barnes.pdf

  85. Delays for Deacon David Smith and freinds is not on the cards.

    Wantmymoney…you are aways in hurry to see a case start.

    http://www.jamaica-gleaner.com/gleaner/20091022/lead/lead1.html

  86. surgical strike?…On Gordon House?

  87. ID parade…C1-C9 …3:42 a.m Eastern.

  88. Cheer up L&LL….Sunny Days

  89. To: David smith
    From: Bruce Golding (brucegolding@yahoo.com)
    11/28/2006
    David, I must express out thanks for your support in our efforts, especially toward the staging of our recent conference. It was a tremendous success and has significantly boosted our campaign. your assistance went a far way in making it possible. I had a brief word with Peter (Bovell) sometime ago and express the hope that we would be able to meet. i hope that we will be able to arrange to do that. Kindest regards, Bruce Golding.

    http://www.olintja.com/blog/archivebookmark.aspx?ID=466

  90. From: Shalimar (shalimar@kasnet.com)
    To: David Smith
    David, thanks very much for your donation towards West Portland Christmas Treats. It will go a far way in helping to make these children feel the Christmas Spirit. I would like to use this medium to wish you and your family a healthy happy christmas and I am sure that 2007 will be better than 2006 for both you and I :-). Look forward to seeing you in Jamaica early in the New Year and remember that my house in portland is yours whenever you wish to visit http://www.villapointofview,com You can take a look and maybe it will entice you to come sooner. Blessings. Daryl.

    http://www.olintja.com/blog/archivebookmark.aspx?ID=489

  91. To: David Smith
    From: Audley Shaw (fitzalbert_2@ yahoo.com)
    7/30/07
    David, as promised, I’m sending you the JLP Manifesto for 2007. Thanks for everything including your companionship yesterday. Regards and compliments. Audley.

    From : Audley Shaw[mailto:fitzalbert_2@yahoo.com]
    Sent : 11/11/2006 11:01:13 AM
    To : dsmith@kasnet.com
    Cc :
    Subject : RE: fx trading
    It was a pleasure meeting you and your dear wife. I’m glad that you shared your knowledge and concerns with me. A friend of
    mine is keen on investing and would like to talk with you or better yet, he wants to meet with you if possible. He has asked me
    to fly over with him to see you when it is convenient to you. Please let me know.
    Regarding the Australian model of fx trading to help with public debt, is there any published information on it? Please let me
    know. I’d really like to learn more about it.
    Thanks again for our meeting as I now have a better grasp of the issues.
    I look forward to hearing from you.
    Kindest regards and compliments.
    Audley Shaw

  92. To: David Smith
    From: Charlene Robertson (cer@mail.infochan.com)
    9/20/2006
    It was a pleasure meeting with you. I look forward to returning with my family for a weekend. The folowing is my banking information:-
    National Commercial Bank
    Swift Code: JNCBJMKX
    54, Second Street
    Newport West
    Kingston 13
    Beneficiary: St. Thomas Education & “Development” Foundation 126 Third Street, Newport West, kingston 13. Beneficiary account number 396482711. YOUR SUPPORT WILL MAKE A MEANINGFUL DIFFERENCE TO THE JAMAICA LABOUR PARTY’S SUCCESS, Regards, James.

    “I can’t remember. I send hundreds of emails and I am not denying that I am aware or have knowledge or know David,” Robertson said.

    “I am not denying that there was contact.I am denying nothing but in terms of that specific, I can’t answer that.”

    Robertson added that it was quite possible that a request was made, but he would have to check his records.

    http://www.jamaica-gleaner.com/gleaner/20090213/lead/lead2.html

  93. STATEMENT ON BEHALF OF DAVID SMITH BY LORD ANTHONY GIFFORD QC, JACQUELINE SAMUELS-BROWN AND TOM TAVARES-FINSON, ATTORNEYS-AT-LAW

    David Smith wishes club members and the wider public to know that at all times his intentions and activities have been directed towards honestly fulfilling his obligations towards his members. He has not applied the funds of members to his own use.

    We have had full consultations with David and Tracey Smith and their local attorneys-at-law Barnett & Associates, during a visit to the Turks & Caicos Islands (TCI)

    “My name is Norman Bingham, Retired president and CEO of First Life Insurance Company in Jamaica.
    I currently reside in Jamaica but I am also a US citizen and seek membership in your club as a US citizen..”

    “I was recommended by Allan Eden-Hutchinson a friend of my nephew Courtenay Barnett who is an attorney-at-law residing in TCI.”

    If I am accepted I would be using my US address of course.

    http://www.olintja.com/blog/archivebookmark.aspx?ID=867

  94. Earings boy

  95. Six for a nine governance

  96. To: David smith
    From: Bruce Golding (brucegolding@yahoo.com)
    11/28/2006
    David, I must express out thanks for your support in our efforts, especially toward the staging of our recent conference. It was a tremendous success and has significantly boosted our campaign. your assistance went a far way in making it possible. I had a brief word with Peter (Bovell) sometime ago and express the hope that we would be able to meet. i hope that we will be able to arrange to do that. Kindest regards, Bruce Golding.

  97. Keep your eyes on the ball:

    David Smith is to return to court on October 26.

  98. That response was received recently but the justice ministry is not satisfied and insists on more details.

    According to the sources, the justice ministry requested information on the co-conspirators who are referred to in the indictment only ac ‘CC-1’ to ‘CC-9’.

    Right to anonymity

    The sources said the Americans responded by pointing to a ruling by the US Supreme Court which states that a confidential informant has the right to anonymity in circumstances where his or her life is in danger.

    That doctrine is called the ‘personal security exception’ and clarified an earlier US Supreme Court ruling that an accused person had the right to know the identity of his or her accusers because of the constitutional right of confrontation.

    As a result of the exception. US extradition warrants and grand jury indictments do not need to identify the informants.

  99. @Flordian,

    Please reduce the number of unrelated post to the Ponzi scheme on the blog.
    These lots of youtube link etc, offers nothing really to those who come here looking for information on the schemes.

    Thank you

    • Quite the opposite Jay,

      They’re showing us where a lot of the money invested in Olint went….

      You think TV ads free?!

    • @Jay
      You are absolutely right. Floridian is destroying this blog with his/her incessant posting of unrelated stuff. He is the perfect reason why some blogs end up being moderated 😦 You often have to scroll over pages of his postings until you get to the next relevant message.

      Stay on topic !!

  100. From: Audley Shaw fitzalbert_2@yahoo.com
    To: David Smith
    Saturday January 1 2007 4:43PM
    David, happy new year to you, your dear wife and family. I am still hoping to get the info on the fx trading by Australia in dealing with their debt problems. Also, I had given Daryl the necessary information to have the thing activated, and he advised me that he had sent you an email in that regard. I’m told you might be here next week. I would like to see you as I have two persons who would like to meet with you. Please let me know. Regards. Audley.
    dsmith@kasnet.com wrote:
    Hi Mr Shaw,
    Unfortunately I am just seeing your email, I will find out how you can get Information on the Australian Govts fx trading and let
    you Know.
    Also My schedule is a little crazy right now when I have a bit more time I will let you Know.
    Also Congrats on the mother of all conferences.
    God Bless
    David

  101. As soon as apost is unrelated I will let you know Jay.

  102. We not in the ‘keep Jamaican people backward’ Jay.

  103. The Prime Minister cany deny David Smith’s claim that he is a ‘protector’ …Audley shaw can deny the statement by deacon Smith that he too is a ‘protector.’

    Then we can hear a tape of ‘promises’ hahaha…made by Smith in Provo.

  104. Cynic

    At the point when the money was spent that way without the permission of Olint members it was not ‘invested’ money….it was stolen funds.

  105. Daniel St.Martin
    10/22/2009 10:55 AM
    Gray… Our “President” could probably be a better Prime Minister than Bruce. That’s the sad part.

    Jamaica has good leaders (not political leaders) in the truest sense of the word. The thing is… they are either criminal leaders (such as Prezi) or business/social/civil/religious leaders who have too much integrity to become politicians.

    Politics is a dirty dirty game. And until we hold the politicians accountable, not a damn thign is gonna change.

    Alfred Buckland
    10/22/2009 12:48 PM
    I am definately not proud of Bruce Goldings actions as Prime Minister
    of Jamaica, he is showing the alleged marriage of organized crimminals and politricks to be fact, by his time wasting tactics and
    seeming reluctance to extradite Dudus.The streets are representitive of the lower illeterate massives , It looks like they like things as they are now , otherwise they would be demonstrating and road-blocking as is done when they are dissatisfied. Golding must resign. There
    must be a constitutional provision to remove incompetent Politricksters from our leadership, especially when they smell of connections to unsavory elements.

  106. now unno a talk bout IMF. let me tell unno something de IMF is coming to yard because de leaders of yard no understand what dem a do, di mesage di IMF a bring it no easy to bring.

    Is like Floridian a run a big company, and a produce banana, now him have se 5,000 acres a land an him really need bout 1,000 workers to run all aspects of the business, boxing plant, delivey fi green banana’s, the factory dat produce di banana chips, even di sales men.

    Dis is what him need fi run him enterprise properly. But when unno look under di hood of him business unno see dat him a hire 10,000 people fi do what 1,000 can do.

    Now di advisor wid di emergency loan come fi help him and seah, ‘Floridian unno have fire 9,000 man and get unno self organize.’

    Now Floridian woulda tek di advice fire 9,000 man and bring di thing under control, but no one a de leader a yard a go do dis, no dem a cover up di truth, dem have BS dollar iniative, dem cause di good BOJ fi run all type a program, dem mek BOJ run CD business like crazy but dem no have di balls fi follow di advice of di money man>

    Well unno must realize dat Jamaica have too much government, and government no produce one blinking thing. Das right dem no produce one blinking thing, all dem do a use rule fi keep dembusiness in business.

    Lem mi explain.

    1) If unno meet Mr Stewart him frequent him hotels, him stay in dem.

    2) If unno meet Mr McConnell him drink him rum dat him mek at Appleton.

    3) If unno meet Mr. Levy him offer unno a piece of best dressed chicken.

    4) If unno meet Mr Phillips him give unno a piece of meat from national meats

    5) If unno meet Mr Orane him give unno a drink of Grace fruit punch

    6) If unno go a Mr. Benjamin yard unno see Guardsman a watch over di place

    7) If unno thirsty and unno ask Mr Mafood fi water him give unno a bottle of Wata.

    Now if di Minister health Mr. Spencer get sick him no go a KPH him run quick time to di private Tony thwaits wing and use him private insurance fi try get better.

    What happen Mr Spence him no really love KPH like how di man me mention love dem business.

    Now if unno look at Mr Tufton him no understand di sugar business, but him have brains and realize dat him should not be in dat business. and him a sell it out, cause it cost him 5 billion a year.

    If unno look at di petro chemical business is Petrojam dat a run dis and dem a use special deal from venezula and dem still a lose like 7 billion. and di tax payer a pay fi di to ratid. So what petrojam produce was 7 billion in loss., dem fire de CEO and board yet?

    Unno must see dat fi success to reach yard; yard haffa tek de medicine and mek some big changes in di size of di goverment and all di programs dem a waste money pon.

    dis is all di IMF a say,

    if a lady is big and fat and she want get slim and trim she haffa sacrifice, she haffa eat less and exercise more and quick time she will see dat di fat gone and all di man a look pon her.

    is di same ting wid yard, di man dem stand aside and look and se; di government need lose one whole heap a weight and get dem self in shape, den we will ask dem out. But me cannt handle dat one right now.

    Now de IMF a one brave man cause him a come and sit down wid di fat lady, Di IMF tell de fat lady, “Honey you are fat and ugly and in order to attract the type of man you want you need to change your diet and your exercise regime, if you have the self discipline to do this and to commit to this we will help you in any way.”

    Now das a brave man day tell a big fat Jamaican lady dat, cause she probabaly no want to hear dem things, she want di pretty forigen boys, wid di money but she really no want to change and mek herself beautiful so dem will come and ask her out.

    nuff said

  107. Who were the eyewitnesses again? A Jamaican?

    Office of the Attorney General – Michael Misick rape Allegation

    http://www.tcijournal.com/index.php?idsub=1932&id=8

    You want to know which Jamaican dem gave statement to help don’t you Jay?

  108. You think that one will make today’s Observer Jay?

  109. The Attorney General: Mr. Kurt deFreitas
    Undoubtedly the decision by the Attorney General, Mr. Kurt deFreitas, to not prosecute Michael Misick for the alleged rape of an American citizen, after a delay of 18 months since the incidence in question, will create quite a bit of speculation about how the incidence has been handled, and whether the many reports over the months about negotiations between the alleged victim and Misick’s attorneys were true or not.

    We may never know the truth.

    However, having an Attorney General who has consistently proven himself incompetent over the last number of years announce the decision does not really give the Country much confidence that the incidence has been handled properly, regardless of the underlying merits of the decision. Certainly the 18 month delay has been highly irregular.

    The Governor and FCO cannot delay much longer the supposed revamping of the Attorney General’s office without further destroying the public’s respect for authority and the rule of law in the Turks and Caicos Islands.

    The delay in addressing the many examples of incompetence by the Attorney General’s office however has now reached such an unacceptable length of time that at this point the public deserves an explanation as to why this Attorney General, who has presided over the massive, historic, corruption and abuses of the Misick government, was not replaced a long time ago.

    The public deserves an explanation.

    Respectfully,
    Editors@TCIJournal.com

    http://www.tcijournal.com/index.php?idsub=1933&id=8

  110. Attorney General Kurt DeFreitas said that eyewitness accounts and the complainant’s extensive lack of recall had “impacted adversely upon the prospect of conviction.”

    “The evidence included eyewitnesses present when sexual behaviour took place, including that which involved Mr Misick and the complainant.

    http://www.suntci.com/index.php?p=story&id=493

  111. “I can’t remeber”

    Girl, why report a rape when you have the memory of an elephant. What a waste of resources.

  112. He talked tough about school safety and said the parents of Garron’s attackers should be prosecuted.

    “It is my view that the courts should consider whether or not the negligence of the parents…

    He says 75% of the murders are linked to the multimillion dollar lottery scam which involves children as young as 10-years old.

    http://www.radiojamaica.com/content/view/22544/26/

  113. Can militia-style justice bring peace?

    BARBARA GLOUDON gloudonb@yahoo.com

    Friday, October 23, 2009

    THE REVELATION that members of the Mandeville business community have organised or are organising an armed response to the assault of criminals on their town, has been met with overwhelming approval from some quarters. The spirit of the response seems to be “We’re mad as hell and we can’t take it any more”, and “If the police cannot protect us, we will have to do it for ourselves.”

    http://www.jamaicaobserver.com/columns/html/20091022T190000-0500_162286_OBS_CAN_MILITIA_STYLE_JUSTICE_BRING_PEACE_.asph

  114. We know the economy does not work for our masses; that we do not produce and that we need a revolution – to try new things – as we have tried all the usual nostrums. Is PM Bruce up to this daunting task?
    The IMF is a stop gap as only we can help ourselves.

    We must produce, replace some imports and export to save our country. PM Golding (Bsc Econ U.W.I) must puke or get off the pot, and if the PNP has no good plan “we the people” must find bold leaders from among us.
    God created local economists in 1962 and placed them at UWI. Their liberal bias did not help the J$.

    Notions of sovereignty and subjugation clouded their analyses and we all imbibed it. We had our J$ and work was not on our agenda. We were free, free to starve – as Ethiopia starves now – and we are “boasie”, but so flippin’ poor we can’t send Africa a pot of food.

    http://www.jamaicaobserver.com/editorial/html/20091022T220000-0500_162304_OBS_EULOGY_FOR_THE_JAMAICAN_DOLLAR.asp

  115. That piece was placed on the Observer’s website as editorial by mistake. But for a few minutes a Jamaican patriot might have dreamed. If only for a minute………..

  116. Why not leave it there Observer?

    And release the chains off the backs of the Jamaican people if only for a few hours today…

  117. Pressed for further detail about the implications of the loss by the airline, director of the Jamaica Tourist Board, John Lynch, said the agreement would end early next month. He said at that time “a full accounting will take place”.

    According to the JTB director, the agreement with American Airlines was “probably one of the best investments” the country made.

    However, committee member Ronald Thwaites wanted Lynch to support his claim with figures. “I am Thomas, I need proof,” he insisted.

    Late last year, Tourism Minister Edmund Bartlett had said that despite putting up the money for the American Airline guarantee, the deal might not cost the country “one cent”.

    http://www.jamaica-gleaner.com/gleaner/20091023/lead/lead1.html

  118. Despite several questions from The Gleaner, neither Campbell, who had filed a $30-million law suit against FCIB in 2006, nor his attorney, K.D. Knight, would comment on whether a settlement had been reached.

    Last year, Campbell filed the suit against FCIB and its senior executive Sonia Christie, claiming the bank had breached confidentiality agreements by leaking account information to the Jamaica Labour Party.

    Christie, who was sent on leave in the aftermath of the scandal which rocked the party in 2006, is dead.

    http://www.jamaica-gleaner.com/gleaner/20091023/lead/lead2.html

  119. He sought damages of $30 million, just under $1 million shy of the $31 million the PNP had to return to Dutch oil trader Trafigura Beheer BV because of mounting public pressure.

    The scandal came to the fore in early October 2006 when then Opposition Leader Bruce Golding revealed that the PNP had received $31 million from Trafigura which, at the time, lifted and sold Nigerian crude for Jamaica.

    Golding also called for the resignation of the entire Government.

  120. The former England international is in the process of selling his luxurious five-bedroom property , which is reportedly valued at £650,000 (J$91 million).

    Barnes is also said to own a Lexus and a BMW vehicles and the Echo quoted an insolvency case spokesman, who revealed that they would be working to, “dispose of his assets and pay back his creditors.”

    http://www.olintja.com/docs/John_Barnes.pdf

  121. Having recovered from a sorry lapse and a display of poor judgement, Mrs Simpson Miller and her party have hopefully learned a salient lesson.

    To: David smith
    From: Bruce Golding (brucegolding@yahoo.com)
    11/28/2006
    David, I must express out thanks for your support in our efforts, especially toward the staging of our recent conference. It was a tremendous success and has significantly boosted our campaign. your assistance went a far way in making it possible. I had a brief word with Peter (Bovell) sometime ago and express the hope that we would be able to meet. i hope that we will be able to arrange to do that. Kindest regards, Bruce Golding.

    http://www.jamaica-gleaner.com/gleaner/20091023/cleisure/cleisure1.html

  122. We need to be in touch with our history, not just to romanticise, but to learn about ourselves! Yes, some of our ancestors fought against slavery and died, but others compromised and supported the system, and some fought to maintain it. There is no way a few thousand white people could have subjugated several hundred thousand black slaves without traitors in the mix. One of the reasons no slave revolt was ever successful in Jamaica was because most of the conspiracies were betrayed by “loyal” slaves.

    http://www.jamaica-gleaner.com/gleaner/20091023/cleisure/cleisure2.html

  123. It is not that we do not suffer or experience hunger or injustice; what is more important, however, is how we choose to respond to these circumstances that will define us as a people. People who insist on calling you poor show you no honour or respect. They are are, in fact, oppressors.

    http://www.jamaica-gleaner.com/gleaner/20091023/letters/letters1.html

  124. Mr. Golding, at no time in our history has such an opportunity presented itself to really change Jamaica for the better.

    For the sum is far greater then the parts.

    Address the nation on the Olint issue. It might seem terribly difficult but it can begin with one sime line,

    “I have a confession to make…”

  125. Nothing of john Barnes’ insolvency case in that great Jamaican sports magazine?

  126. Wantmymoney:

    What do you expect will happen on the 26th?

    Will he be tried and convicted or can we expect another “delay”?

  127. Look in ah youh crystal ball…..

  128. Jazz festival a tough sell

    DESPITE ASCRIBING “iconic” status to the annual Jamaica Jazz and Blues Festival, Jamaica Tourist Board Director (JTB) John Lynch tried unsuccessfully on Wednesday to convince a parliamentary committee that the US$500,000 (J$44.5 million) government funding for the event next year was necessary.

    “This is going to be a very hard sell to the people of Jamaica this time around,” said D.K. Duncan, a member of the Public Administration and Appropriations Committee (PAAC) of Parliament.

    “It is an iconic activity that we have. We need more of this sort of thing; it drives traffic,” Lynch added.

    “If the Government of Jamaica is investing so heavily in a project, the people need to know more about the project, what sort of cost does it take to put on, what are the benefits?”

    Lynch continued to defend the staging of the Jamaica Jazz and Blues Festival, pointing out that during the event, economic activity in Montego Bay was substantial. He said small hotel and restaurant owners reaped benefits from the festival.

    “Having the Jazz and Blues is a way to showcase the good things about Jamaica and it generates an enormous amount of publicity overseas that is beneficial to the destination,” he said.

    JTB executives were asked if the Government received audited accounts from the promoters and organisers of the festival.

    Lynch advised that there was no arrangement between Government and the promoters to provide audited statements of accounts. “That was never the agreement,” he stressed.

    Mi an mi neighbour……stealing fi …

  129. Batting for the staging of more events such as the upscale festival, Lynch asserted that it benefited the country.

  130. Dear John,

    I don’t listen to gospel music…the whole thing is a criminal scam.

  131. It has become ever so pointless this website . Look the bad talking of our political leaders and David Smith, Dont get me wrong i am sure they desire it ,but really how i s our constant complaining going to help us . Trust i more than anyone wants my money back and justice to prevail, but honestly i would not be surprised if next week the court case of David Smith is postponed for another six months , I will just like this whole Olint thing to come to end and but to rest it has been going on long enough.

  132. David Smith and his wife Tracy Smith were taken into custody by members of the Financial Crimes Unit on Monday, September 28, after detectives from that body said they discovered new evidence in their on-going investigation into financial irregularities by Smith.

  133. Smith was then slapped with additional charges, while his wife was charged for the first time during the investigation. The two appeared before the Magistrate’s Court on Wednesday, September 30, where Tracy Smith was granted bail, and is to return to court on October 26, while her husband was remanded by presiding judge Joy Joyner.

    Smith’s legal representative Oliver Smith has accused investigators of “deliberately parceling out the charges” against his client, saying that the latest round of raps were nothing new, but rather a clear case of “dribs and drabs” in an effort to have Smith remanded.

  134. Joseph Connolly, the liquidator appointed by the court to wind up OLINT TCI, said in a recent report that the company was not revenue-generating, since none of the $220 million invested by its approximately 6,000 clients was being traded in the global foreign exchange currency market as they were led to believe.

  135. Connolly noted in his report that in the first seven months of OLINT’s operation, no trades were conducted even though approximately $71 million and investors were provided with statements indicating that “gains on account” of approximately 10 percent per month were posted to their accounts.

  136. The Supreme Court on Thursday, October 1, granted bail to embattled principal of financial investment firm – OLINT – David Smith after his attorney Oliver Smith successfully argued against his client’s detention by the Magistrate’s Court.

  137. Who is paying Oliver Smith? Is he Pro Bono?
    The SOF should be investigated….

  138. Frozen Assets……….

  139. Waiting!

  140. Of course, my abiding concerns about DeFreitas’ professional competence and effectiveness are well documented.

    Therefore, I shall suffice to note here how incomprehensible and vexing it is that the British have retained this Attorney General who presided like a deaf, dumb and mute watchdog over the “endemic corruption” that compelled them to suspend our constitution and takeover the governance of our country. Is he a sacred cow…?

    Whatever the case, it behooves the British to appreciate that it is far more important for us to have confidence in his ability to manage the administration of justice in the TCI than it is for them to have confidence in his ability to consult in the abstract with authorities in the UK.

    But frankly, the time for press releases and explanations from this Attorney General has passed. It’s time now for him to either resign or be removed from office!

    http://www.tcijournal.com/index.php?idsub=1940&id=8

  141. In the suit, the liquidator is alleging that Cash Plus depositors trusted Hill and his co-accused to use their invested funds for a specific purpose but this was not done.

    http://go-jamaica.com/news/read_article.php?id=13685

  142. Allegation….

    Having financed the current governments’ election bid, the Jamaican police have not been allowed to objectively investigate David Smith and his family because of political interference from the ruling government.

  143. I can fearlessly speak out about the dishonesty of David Smith and the corruption of the Jamaican government because I live in freedom in the greatest democracy in the world. Further, I am not subject to political violence and intimation that silences most well thinking Jamaicans.

    /////////////////

    Not to mention attacks on the blogs…..

  144. I call on this honorable committee to: 1) Halt ALL bilateral aid to Jamaica 2) For the International Monetary fund (IMF), not to offer any loan assistance to a Jamaican government that is strongly influenced by this OLINT Ponzi scheme conspiracy.
    Bilateral and multilateral aid should be resumed when all American citizens have received restitution upon completion of the Department of Justice investigation into OLINT.

    I invite the U.S Senate Foreign Relations Committee to probe the facts outlined above which has led to fraud being committed on American citizens. In addition, I will be willing to send exhibits to illustrate the points that I have made. Further, I am willing to testify before the honorable Senate or Grand Jury to share these and other facts I have unearthed with the assistance of two private detective agencies.

    Thank you in advance for any possible assistance.

    Respectfully,

    Christopher Walker, MD, FACOG, FICS, FAACS

  145. Referring to the fog from the Riverton City landfill which sometimes envelops the Coperate Area, a United States Agency for International Development (USAID) corruption report on Jamaica last year says Jamaica is “covered by a blanket of corruption”. According to statistics from one 2006 study, an alarming 70 per cent of Jamaican youths between ages 18 and 25 acquiesce with corrupt practices, and 57 per cent justify “doing the runnings” as a necessity. A stunning 96 per cent of Jamaicans consider corruption to be pervasive in Jamaica.

  146. Wednesday, October 08, 2003

    WHITEMAN… any perception index that puts us below the midpoint must be a cause for concern

    JAMAICA has become more corrupt, according to the latest Transparency International Corruption Perception Index released yesterday, which shows that the island has moved downward two-tenth of a point than what it achieved last year.

  147. Why no investigationMr Golding??

  148. The report, which highlights corruption among politicians, gave Jamaica a score of 3.8 out of 10, down from last year’s score of a level four.

    A score of 10 indicates that a country is highly clean, while a score of 0 indicates that it is highly corrupt.

    This latest score has placed Jamaica 57th among the 133 countries surveyed and fourth among the seven Caribbean countries, which is topped by Cuba and Trinidad and Tobago — both countries achieving a score of 4.6 to tie at 43rd with Jordan. Belize, 46th, scored 4.3 followed by Jamaica, the Dominican Republic at 3.3 and ranking 70th and Haiti with a score of 1.5 and ranked 131.

    Jamaica shares ranking with Latvia.

  149. Stunning new developments:

    Jamaica scored 3.1 out of a maximum of 10 in TI’s 2008 Corruption Prevention Index.

  150. O.k., who is posting under Tafari Francis’s nick? I know it’s not the original Tafari, since he said about a week ago that he will no longer post on this blog. Whoever it is, please desist immediately; we do not want you to tarnish the good name of Tafari Francis, a reputation is work long and hard to establish on this blog. 🙂

  151. From: Brian Trowbridge
    To; David Smith
    1/12/2007
    David,
    Attached are Consolidated Audited accounts for fiscal 2005 and management account consolidated and broken down between Hallmark (the trust business) and Lochaven (the card business). Some things about 2006. we recieved a one time payment from MasterCard of $235,000.00 and I paid myself a bonus of $335,000.00. Let us get together on Monday or Tuesday. I would prefer if you did not share with Misick’s office for now but no issue with Jenny Douglas.
    Brian

  152. To David Smith
    From Gregory Hurd
    13/04/07
    So far there has been no let up in inbound wires, in fact there may be more than normal. As previously this moratorium is not working. David, you have to find a way to make the $ flow STOP so Jamaica can catch up with the SOF’s and ID’s.
    18/04/07
    To David Smith
    From Brian Trowbridge
    David, we really need to stop inflow of funds in the meantime no funds will be released for investment. B

  153. From: Brian Trowbridge briantrowbridge@lochhaven.tc
    To: David Smith
    Sent Friday 1/5/2007
    Subject: Hallmark
    David
    Further to our conversation earlier this week please find the Confidentiality Agreement attached.
    Please sign and fax, email or deliver back
    Just so you know the price is $6.5 ,ill which is 9 times 2007 earnings
    Regards
    Brian

  154. Just who exactly is Brian Trowbridge?

    http://www.olintja.com/blog/archivebookmark.aspx?ID=718

    You’ll be interested.

  155. From: Brian Trowbridge
    To:GregHurd; David Smith
    Subject: Re: new money moratorium
    Sent Wed 4/18/2007 7:44 AM
    David
    We really need to stop in flow of funds. In the merantime NO funmds will be released for investment
    B
    On Fri, 13 Apr 2007 08:44:52 -0600
    Greg Hurd gregoryhurd@racsa.co.cr wrote:
    So far there has been no let up in inbound wires, in fact there may be
    more than normal. As previously this moratorium is not working. David,
    you have to find a way to make the $ flow STOP so Jamaica can catch up
    with the SOF’s and ID’s.

    Greg & Jeannine Hurd

    Bosques de Doña Rosa

    Cariari, San Jose

    Costa Rica

    from the 4th Roundabout

    Turn right & go 100 meters

    to the white condo townhouses on the right

    Unit # 1

    P: 506-239-8619

    F: 506-239-8619 call first

    E: gregoryhurd@racsa.co.cr

  156. No fifth term, Panorama under you claut. Lock.

  157. Foreign ones: Ask you Jamaican crew to translate that one.

    Let’s take it up and skip a few notches. I’ve been waiting.

  158. Pray fi dem Deacon.

  159. you know what Deacon? Don’t Even pray for them. I going drop two ace one time.

  160. I thought this firm was trying to reinvent itself under a new name?

    http://www.swannlaw.tc/attorneys.html

  161. When the people who run English cricket took Sir Allen Stanford’s money and allowed him to park his helicopter on their lawn as he arrived amid a frenzy of excitement they said they had checked him out.

    They thought the tall Texan was perhaps a bit brash for their tastes, but solid and, perhaps most importantly, solvent.

    In Panorama: The Six Billion Dollar Man, we find out that Sir Allen was not at all as he seemed.

    More over, his story appears to be something of a metaphor for what has happened in the wider financial world in recent months – a lack of questions asked at the right time and then, suddenly, reality hits smack between the eyes like a full toss from a fast bowler.

    “The banking sector in Montserrat in particular was considered to be out of control,” he says of the climate at the time. “The overwhelming majority were not banks of the sort that the British government would have liked to have seen on the high street in Guildford.”

    Panorama obtained details of a secret 1990 Montserrat government report that warns of Sir Allen’s bankruptcy and raises suspicions that he may be involved in money-laundering on a substantial scale.

    We hear about Sir Allen’s close relationship with former prime minister Lester Bird and see how his banking empire bought up large tracts of the tourist paradise.

    In 1999, Allen made out a cheque for $3.1m to the US Drug Enforcement Administration, money which had originally been deposited with the Stanford International Bank by agents for the Mexican drug lord Amado Carrillo Fuentes.

    This is proof that Stanford International Bank did attract Mexican drug money – whether or not Stanford knew about it at the time.

    It is thanks to his close ties to former prime minister Bird that Allen Stanford became ‘Sir Allen’ in 2006 – for his “services to the community and economic development”.

    http://news.bbc.co.uk/panorama/hi/front_page/newsid_8025000/8025119.stm

  162. You still have to almost rub your eyes as if it was a very bad dream.”

    From: arawak45@hotmail.com
    To: julio.ramirez@sympatico.ca
    6/12/2007
    Say no more. T&CI is Jamaica made new again.
    Julio
    Attachment
    Subject: From today’s Wall Street Journal…

    Cost of Caribbean Crime Grows

    Drug Trafficking Exacts Social, Economic Toll,
    World Bank Reports
    By JOEL MILLMAN
    May 4, 2007; Page A9

    KINGSTON, Jamaica — Economists investigating the
    impact of crime in the
    developing world are yielding some harsh findings.
    The social and economic
    costs are growing and are compounded with each
    generation, feeding further
    cycles of violence. And America’s closest
    neighbors have it worst, the
    World Bank says.

  163. From: Greg Hurd
    To: Olint Corp;olint Corp;David Smith (Olint TCI)
    6/11/2007
    Only about 1,200 more ID’s to go and $1.8MM in funds requiring SOF

    Sincerely,

    Greg S. Hurd
    Vice President

  164. According to researchers, about 10 tons of cocaine
    transited Jamaica in
    2005, the most recent year for which data are
    available. At least twice
    that volume passed through Haiti and the Dominican
    Republic. Local law
    enforcement has been overwhelmed, spending scarce
    resources on patrolling
    rural areas and coastlines for traffickers.
    Narcotics wealth,
    the report says, is “undermining and corrupting
    societal institutions.”

    http://www.123people.com/ext/frm?ti=person%20finder&search_term=brian%20trowbridge&search_country=US&st=person%20finder&target_url=http%3A%2F%2Flrd.yahooapis.com%2F_ylc%3DX3oDMTVnbmVrYnBhBF9TAzIwMjMxNTI3MDIEYXBwaWQDc1k3Wlo2clYzNEhSZm5ZdGVmcmkzRUx4VG5makpERG5QOWVKV1NGSkJHcTJ1V1dFa0xVdm5IYnNBeUNyVkd5Y2REVElUX2tlBGNsaWVudANib3NzBHNlcnZpY2UDQk9TUwRzbGsDdGl0bGUEc3JjcHZpZANwc1RlSG1LSWNycEFrUUtMcGtJeEhrYktXODV4bzByaGlLY0FETXlK%2FSIG%3D11hos2g28%2F**http%253A%2F%2Fwww.hallmarktrust.com%2Fourservices.php&section=email&wrt_id=267

  165. When forming an International Business Corporation (IBC) or international trust, many people believe this should be in the same country in which they ultimately move or retire. This is a common misconception. Hallmark Bank & Trust Ltd. has access to global markets and thus while your international structure may be formed in the Turks & Caicos Islands, your assets may actually be located worldwide.

    Hallmark Bank & Trust Ltd. can also extend the following services to our clients:

    •Private Panama Foundations

    •TCI Hybrid Companies

    •Private Asset Management

    •Full-service Brokerage

    •International Mutual Funds

    •Loans and Mortgages
    •Full legal services through our associates law firm Swann, Trowbridge, McKnight

    http://www.swannlaw.tc

  166. Sleep tight.

  167. Panorama is aware of strong evidence that Sir Allen was a confidential agent of the DEA as far back as 1999 – the year he made out the $3.1m cheque to the DEA.

    Sources close to the DEA believe he worked with the agency, turning over details of money-laundering from Latin American clients from Colombia, Mexico and Venezuela and Ecuador, effectively guaranteeing himself a decade’s worth of “protection” from the authorities, especially the SEC.

    “We were convinced that Stanford’s bank attracted millions of narco-dollars, but it was very difficult to get the evidence to nail him,” sources told Panorama. “The word is that Stanford has been a confidential informer for the DEA since ’99.”

    Financial experts believe that many of the depositors in Sir Allen’s off-shore bank were ordinary investors attracted by high interest rates, but that its base in the Caribbean also attracted drug money.

  168. 7 months left to watch

    Last broadcast on Sun, 17 May 2009, 20:30 on BBC News Channel

  169. guys

    re the trial next week the prosecution did not sbmitted their paper work last month so we are at the same place where we were in August. next court date will be january 2010……..

    one full year of court date charges and more charges but noooooo trial

    is there anything we can do?….i want this game to end win loose or draw !!!!

  170. guys

    re the trial next week the prosecution did not sbmitted their paper work last month so we are at the same place where we were in August. next court date will be january 2010……..

    one full year of court date charges and more charges but noooooo trial

    is there anything we can do?….i want this game to end win loose or draw !!!!

  171. David Smith and his gang of thieves are breathing a sigh of relief!!!! NOT FOR LONG!!
    Truth be told, this is not over and OLINT investors are waking up to realize people like Brian Trowbridge, Jared Martinez, Joey Issa, Peter Bovell, Charles Ross were just some of those people who helped him to pull this damm thing off.

    They were so damm bold to steal people’s money but now they are running away like a herd of cows and are surrounding themselves with their legal team of deceptive hawks. Why not stand firm and take it like men!!! Damm whimps the whole lot of them.

    Just like Bernie in North Carolina, their fate is inevitable.
    Live and letlive.. fear not. Justice will not be as swift as compared to how Smith, Trowbridge , Martinez…. stole our money but it will be implemented in the very near future.
    2010- will be the year of reckoning and rebuilding for OLINT and the victims.

  172. Thanks L&LL, now you going send Wantmymoney into a tizzy, possibly over the edge.

  173. i always said not to expect much from cases in the islands. Sucess on the track is not some indication of development in other areas of a nation. in fact it represents the opposite. Think.

    Civil Rico laws in the U.S.A. will throw some people on their backs. Some will try to interfere even there. However when caught itefering there they will get….

  174. Same thing:

    SCORES OF students in western Jamaica are fast joining the ranks of scammers in the illicit, highly organised, multimillion-dollar lottery-scam operation, and many of the boys and girls are doing the scamming at school.

    http://www.jamaica-gleaner.com/gleaner/20091025/lead/lead1.html

    there are many well documented signs of a society in deterioration. Some of the signs can SEEM positive when taken in isolation. But the astute who have done the research know what is happening.

    The Australians in cricket, the Russians in tennis, eastern block basketballers, Jamaicans in track.

    But what about those who cant? They will have to stay…opportunity a scare scare commoditayyy in these times I say….

  175. She said her association understands that the children have become the breadwinners in some of the families.

    “So they, in fact, encourage them into it. The parents are saying that they are able to buy books and other things for school,” she said.

    In isolation some tenets seem positive but it is an indictment and a destruction on the whole. If teefing money is spent on something ‘positive’ e.g. school books then stealing (even for a bible tumping ten commander) becomes acceptable.

    Aclimatization….used a lot in the Olint crimes by co conspirators. jamaicans tell people they know people who have been murdered and robbed as if its just a passing comment. There are billions of people in theis World (no mistake ..yes billions as opposed to millions) who are in shock and disbelief that some many Jamaicans can make the statement.

    You have been systematically Aclimatized…right and wrong has become seriously blurred for you…..dem want sen you back…them nuh want you get no visa. You not a criminal so you ask Why? It is your state of mind that they want to avoid.

  176. According to Sutherland, the parents have lost their moral compass. She has called on the police and all the child-centric agencies to join with the NPTAJ to eradicate the scourge. “This thing is really an infestation,” she said.

    ‘infestation’ No Aclimatization of the whole.

  177. Even those opposed to Dudus credit him with keeping a level of order in west Kingston which has prevented some of the bloody conflicts which have cropped up in communities all across the island.

    http://www.jamaica-gleaner.com/gleaner/20091025/lead/lead3.html

    The foreigners want the ‘mindset’ and the culture out of their nations. So that is why visa hard to come by and cost so much money to apply for and all that.

  178. We can use coluor 9race card), creed. politics, religion, class but NO. It is the ‘mindset’ (basic concept of right and wrong) that the World is disgusted with.

    Attack in your frustration but when you are finished it will still remain a fact that the World is disgusted with the ‘mindset’. So you will live to be frustrated again.

    Because David Smith put money in your hand or paid for your campaign you will defend and protect him no matter the evil and injustice he does.

  179. But why do the parents allow their children to stop going to school and get involved with the lottery scam? “The Bible say the love of money is the root of all evil,” Maximus quipped.

    Rosalee Hamilton, guidance counsellor at Green Pond High School, said some parents will not speak about it. She revealed that her colleagues have confronted parents based on observations but they deny their children’s involvement. “Parents will not say either, even if they are aware,” Hamilton said.

    Why do Prime Ministers allow their donors to ruin the lives of so many?

    http://www.jamaica-gleaner.com/gleaner/20091025/lead/lead5.html

  180. Even in the best of times, Mr Nelson’s job is difficult and stressful and potentially deleterious to the holder’s health. These are not particularly good times. And Mr Nelson, unfortunately, is not in tip-top health. At the same time, though, Mr Nelson’s portfolio demands consistent and gruelling attention.

    We, therefore, repeat our suggestion that Delroy Chuck, whose talents are being under-utilised as speaker of the House, be assigned to the security portfolio. Mr Chuck, a lawyer and academic, has, we believe, the temperament and skills for the job.

    Terperament and skills? Polygraph? Off the mark Gleaner. It is about right and wrong. Where does a man’s ‘Right’ stand? and where does a man’s ‘Wrong ‘ stand.

    http://www.jamaica-gleaner.com/gleaner/20091025/cleisure/cleisure1.html

  181. In this regard Jamaican media are particularly lazy. But media here are held in somewhat higher regard than in North America and Europe, functioning with public collusion as something of an alternative Parliament and alternative court. Ironically, in North America and Europe, journalists, “speaking truth to power”, are right next to their favourite targets, politicians, at the bottom of the ranking of public confidence in the professions!

    A MORI poll in the United Kingdom is reporting that “politicians are now the group of professionals least likely to tell the truth, the public believes, while trust in business leaders has fallen to an all-time low”, following the global financial crisis.

    Only 13 per cent of people now trust politicians to tell the truth which means they are now the group people most mistrust, even more than last year’s least-trusted personnel – journalists.

    http://www.jamaica-gleaner.com/gleaner/20091025/focus/focus3.html

  182. Mark you, pollsters too are facing a decline in public confidence, according to the Harris polls in the US! Bear in mind how heavily media rely on public opinion polls for news and analysis!

    The media have powerful agenda-setting and framing roles. They strongly determine what the public thinks about and discusses (agenda setting) and how the public perceives the issues (framing). The sub-text of the Pickersgill interview is the pervasive media view peddled to the public of inherent corruption, evasiveness, and tendency to lie of politicians. But, as we have seen, in many countries the public thinks the same of journalists!

    http://www.jamaica-gleaner.com/gleaner/20091025/focus/focus3.html

  183. The media and politicians have more in common, besides low ratings in public confidence, than is generally understood. The late media scholar Timothy Cook introduced his book, Governing with the News: The News Media as a Political Institution, with the question, “Why don’t we call journalists political actors?” Cook went on to explain that the book “will develop, clarify, and refine a new model of the reporter as a key participant in decision-making and policy-making and of the news media as a central political force in government. It seeks to fill out an empirical theory of the news media as a political institution.”

    Cook cites Douglas Carter, who, 40 years before, in The Fourth Branch of Government, wrote, “The reporter is the recorder of government, but he is also a participant.” Cook devotes the entire Part Two of his own book to a careful elucidation of ‘The Media as a Political Institution’.

    http://www.jamaicaobserver.com/magazines/Business/html/20090612T040000-0500_153317_OBS_DAVID_SMITH_FEARS_FOR_HIS_SAFETY_IN_JAMAICA.asp

  184. the Gleaner

    With Bartlett’s ‘furniture scandal’ coming on the heels of the questionable expenditure on Mike Henry’s house, the Bruce Golding administration found itself smack in the middle of its first real morality debate since assuming office in 2007.

    What is beyond debate however:

    To: David smith
    From: Bruce Golding (brucegolding@yahoo.com)
    11/28/2006
    David, I must express out thanks for your support in our efforts, especially toward the staging of our recent conference. It was a tremendous success and has significantly boosted our campaign. your assistance went a far way in making it possible. I had a brief word with Peter (Bovell) sometime ago and express the hope that we would be able to meet. i hope that we will be able to arrange to do that. Kindest regards, Bruce Golding.

  185. That was compounded last Wednesday when the Public Administration and Appropriations Committee of Parliament was told that the Tourism Enhancement Fund (TEF) had spent millions of dollars to refurbish a community centre and repair roads in the East Central St James constituency.

    That is the constituency represented by none other than the tourism minister, Bartlett.

    Officials of the TEF argued that the expenditure was part of its outreach programme but were unable to tell the committee which other constituencies had been similarly treated.

    http://www.jamaica-gleaner.com/gleaner/20091025/lead/lead2.html

    Preach one thing practice another. Remind of Deacon David Smith.

  186. I predict that as the Internet, the rise of citizen journalists and other new media phenomena increase, newspapers will increasingly become an anachronism. In the ‘Twitter age’, people are getting information minutely. If you thought cable television had radically changed the news cycle, well witness what Twitter and the social networks are doing. People don’t need newspapers for news anymore. They get that in abundance from many sources.

    What people need more of is a contextualising of the enormous amounts of information which exist. People will need analysis; people will need others to help them make the connections, to help them to make sense of all the information out there, to help them to weave a tapestry.

    http://www.jamaica-gleaner.com/gleaner/20091025/focus/focus2.html

  187. John Barnes’ sorry plight

    DIANE ABBOTT

    Sunday, October 25, 2009

    Jamaican-born John Barnes was once an international soccer hero. But in the last few weeks his illustrious career has hit an all-time low. His career as a football manager came to an abrupt halt with his sacking by first division team Tranmere Rovers. And a few days later the tax authorities declared him bankrupt.

    http://www.olintja.com/docs/John_Barnes.pdf

  188. The commissioner, in going on the offensive last week, also stressed that crime fighting was not only a matter of effective policing. Endemic corruption in the wider society – in politics, the business community, civil society and the police force itself – were also to blame.

    He pointedly argued for a comprehensive plan from the political directorate to tame the crime monster, and this finger-pointing may very well explain the tension between the commissioner and an administration that is under pressure to bring crime under control as they promised during the 2007 campaign.

    The silence on the future of the commissioner is worrying for at least two reasons. First, the leadership of the police force must be united and confident in the authority of the police chief if they are to have any chance of reclaiming control of the streets that effectively has been ceded to criminal gangs and dons.

    Secondly, public disquiet about the link between the political establishment and organised crime will only grow louder if it appears that the commissioner is being forced out to give the administration greater political control over police operations.

    Admiral Lewin took over as the police chief in December 2007, on a three-year contract, replacing Lucius Thomas who resigned unexpectedly just a few months after the general election that brought the JLP to power after 18 years in the political wilderness.

    http://www.jamaicaobserver.com/columns/html/20091024T180000-0500_162434_OBS_SECURITY_TURMOIL.asp

  189. TODAY (Sunday) marks the 26th anniversary of the United States military invasion of Grenada – the smallest nation to have become such a victim of the enormous military might of superpower USA.

    It was unleashed by President Ronald Reagan under code name “Urgent Fury” six days after the People’s Revolutionary Government (PRG) devoured itself in a state of siege to essentially satisfy Washington’s cold war agenda against unproven threats from “international communism” in this region.

    http://www.jamaicaobserver.com/columns/html/20091024T180000-0500_162440_OBS_GRENADA_S___TH_INVASION_ANNIVERSARY.asp

  190. The link between politics, garrisons, crime and gangs is not a debatable topic. The public perception is damning, in spite of those who ritually cleanse their hands. In the absence of a truth and reconciliation activity, those “clean hands” are still stained with blood.

    Every day the media follows these stories without trying to connect any dots, and by so doing creates another escape valve as we seem to be saying, “Boy, I’m happy that is not me.” The impact of these interlocking series of events is unfortunate and can only hint that Jamaica’s preoccupation with such a wide array of “revolutionary freedom fighters” cannot be more carefully explored here.

    Oh what a tangled web we weave, when we try to convince ourselves that we are alright even though our democracy is falling head-first into a mighty torrent.

    http://www.jamaicaobserver.com/columns/html/20091024T180000-0500_162438_OBS_DEMOCRACY_IN_SPATE___BRIDGE_CLOSED.asp

  191. Things are falling apart

    Sunday Observer
    Editorial
    Sunday, October 25, 2009

    It is not the practice of this space to preach gloom and doom, but when we review the items that made the news last week, it’s hard not to do otherwise.

    hahahahahahaaha..haw haw haw . Sometimes you have to thank the Observer for the comic relief.

    You go Observer. haahaaa hehehee.

    http://www.jamaicaobserver.com/editorial/html/20091024T000000-0500_162474_OBS_THINGS_ARE_FALLING_APART.asp

    Deacon Smith they are distancing or at least pretending to distance….is it fast enough Deacon?

  192. Their thriving existence is possible because of the very same link between politics and crime that Police Commissioner Rear Admiral Hardley Lewin spoke about so cautiously two weeks ago.

    This is the link that is in part responsible for the easy passage of innumerable guns and ammunition through a Customs Department that, for all its technological advances, is still being undermined by corruption.

    This is the link that must bear significant responsibility for the blooming scandal that is our Government’s treatment of the United States’ extradition request for Mr Christopher ‘Dudus’ Coke to answer to charges of narcotic and arms trafficking. Surely this must be the greatest symbol of validation that young men, like the ones who shot up the Farm Primary and Junior High School, have embraced as an alternative to the proverbial straight and narrow.

    We shudder to think how much their refusal to at least pretend to be interested in doing the right thing on this one will cost us as a country.
    In the meantime, what do the rest of us do?

    Either way, it seems, our goose is cooked.

    http://www.jamaicaobserver.com/editorial/html/20091024T000000-0500_162474_OBS_THINGS_ARE_FALLING_APART.asp

    goose and ‘freinds’ cook long time….keep on giggling. We never had a problem with your giggling.

  193. what Deacon seh? , Something bout his lawyers laugh? But the joke nuh even crack yet. Patience Deacon.

  194. It is not the practice of this space to preach gloom [while the boss is at full operational strength] hahahahaahaa…

    and doom, but when we review the items that made the news last week, it’s hard? [impossible??] haaha…not to do otherwise.

  195. Killing the goose…

    ‘Jamaica driving our investment away,’ say returning residents

    The ARRR president also argued that many returnees are systematically cheated or scammed out of their money while trying to do business
    in Jamaica.

    One returning resident, who asked not to be identified, said she lost millions of dollars while trying to build a house in Jamaica. From her adopted country, she contracted a man to build a house, she said, but upon her arrival in Jamaica, the house was only half-completed and she was unable to recover the funds.

    “It was living hell,” she told Sunday Finance.

    While the aforementioned’s experience may seem, to many persons born and bred in Jamaica, like a case of gross irresponsibility on the part of the victim, according to LaTouche, it is very understandable.

    “Remember that when many returnees left here in the early days the only grills that we saw were the ones at GP (General Penitentiary),” said LaTouche.
    “They still believe that Jamaican people are innocent and honest.

    http://www.jamaicaobserver.com/magazines/Business/html/20091024T180000-0500_162447_OBS_KILLING_THE_GOOSE___.asp

  196. Bayliss’ husband was born in Jamaica and left after high school. Upon returning to Jamaica, although it was easier for him than her to assimilate, she said it has been difficult for him to marry his professional skills with the business culture here.

    “You ‘haffi hustle’ and let go some of your principles for the ‘runnings’,” said Baylis of Jamaica. “But I believe you must stand by your principles.”

  197. Letter – Know your Corruption Terms
    Dear Editors,

    Know your corruption terms.

    Today’s Lesson:

    Graft
    By: Wikipedia

    While bribery includes an intent to influence or be influenced by another for personal gain, which is often difficult to prove, graft only requires that the official gains something of value, not part of his official pay, when doing his work. Large “gifts” qualify as graft.

    http://www.tcijournal.com/index.php?idsub=1947&id=8

  198. Government not ready

    The consensus now is that the country’s application would not be heard by the lending agency’s board until the end of December this year, with draw downs, if any, taking place in January next year.

    After taking almost six months to determine that Jamaica needs IMF assistance, although the current account deficit zipped to US$3.1 billion or 21.0 per cent of Gross Domestic Product (GDP) in March of this year, the Government gave the country a September deadline, then moved it to October and subsequently to November.

    http://www.sunheraldja.com/2009/10/government-not-ready/

  199. “What Smith meant by that is not certain but in the Book of Jonah, God calls on Jonah to proclaim judgment to Nineveh, but Jonah resists and attempts to flee. He goes to Joppa and boards a ship bound for Tarshish. God calls up a great storm at sea, and the ship’s crew cast Jonah overboard in an attempt to appease God. A great sea creature, sent by God (many say a whale) swallows Jonah. For three days and three nights Jonah languishes inside the fish’s belly. He says a prayer which he repents for his disobedience and calls on God for mercy. God speaks to the fish, which vomits out Jonah safely on dry land.”
    http://www.jamaicaobserver.com/magazines/Business/html/20090212T230000-0500_146163_OBS_OLINT_INVESTORS_MUST_NOW_LOOK_TO_GOD___SMITH_.asp

    http://www.sunheraldja.com/2009/10/6071/

  200. ‘Value for money’ comment triggers questions

    The country also paid Infiniti Bio Energy $180 million to purchase two shipments of ethanol, which could have been purchased by JB Ethanol for $17 million less in order to provide the bankrupt company with cash flow needed to gobble up the country’s sugar assets. This resulted in the firing of the chairman of the Petroleum Corporation of Jamaica (PCJ), and contributed to the dismissal of energy minister, Clive Mullings.

    http://www.sunheraldja.com/2009/10/%e2%80%98value-for-money-comment-triggers-questions/

  201. Next, the Government must itself obey the laws of the land by separating itself from criminals who support it politically. Mr. Golding was formerly a champion against the links between politics and crime. He must be held to his election pledges.

    http://www.sunheraldja.com/2009/10/where-is-the-road-map-to-fight-crime/

    To: David smith
    From: Bruce Golding (brucegolding@yahoo.com)
    11/28/2006
    David, I must express out thanks for your support in our efforts, especially toward the staging of our recent conference. It was a tremendous success and has significantly boosted our campaign. your assistance went a far way in making it possible. I had a brief word with Peter (Bovell) sometime ago and express the hope that we would be able to meet. i hope that we will be able to arrange to do that. Kindest regards, Bruce Golding.

    http://www.olintja.com/blog/archivebookmark.aspx?ID=554

  202. This is a matter that must engage every well-thinking Jamaican. This matter raises the question of whether or not there is equality under the law in Jamaica.

    http://www.sunheraldja.com/2009/10/threatening-to-jettison-the-rule-of-law/

  203. jjvictoria
    10/25/2009 7:13 AM
    Mark, I was thinking the same thing when I read that she would be guest speaker at some University in Florida. Portia, please don’t embarassed the Jamaican people, it is not too late for you to cancel this engagement. You can tell them you have the DREADED FLU.

    John Barnes’ sorry plight

    DIANE ABBOTT

    Sunday, October 25, 2009

    warren
    10/25/2009 7:05 AM
    The last mistake he made was to have invested in Olint, which of course you know what happened.

    This is very sad, considering the white players less skilled and who were under achievers have made it big.
    I am not about to say its because he is black, I am just saying its really unfortunate.

    jjvictoria
    10/25/2009 7:40 AM
    Sorry, sorry, he will rise again. When ever you find your self on your face, never lay there waiting for someone to help, Sit up, get up and keep walking, on this journey you will find some success again.

    http://www.olintja.com/blog/archivebookmark.aspx?ID=468

  204. MP Abbott,

    Jamaican-born John Barnes was once an international soccer hero. But in the last few weeks his illustrious career has hit an all-time low.

    What For D? Pop John Barnes salad like that? horrid..

    And the tax referee U.K. was not alerted?

    Tweet….Red Card.

  205. this is one day before the oct 26th case and not one mention of it…..do u guys know something…..

    Another postponement??

  206. Live & let live

    this is a travesty of justice why is this case taking sooooooooooo loooooonnnnggg……is no one of the blog authors concerned abt this!!!!!!!!!!!!!!!!!!!

    we need this to go to trial once and for all!!!Prosecution u r dragging this out…….

  207. anyone can be charged for anything…..and in DS case they will keep charging him and locking him up each time they get a new round of persons coming fwd with charges……

    But guess what….this has to be proved in court…..why why why why has the prosecution not presented a case after 2 years!!!!!!!! look at how fast Madoff and stanford were dealt with….

    prosecution again i ask u instead of tapping into people’s emails why don’t u put fwd a case!!!!!

  208. Gray
    10/25/2009 8:39 AM
    Religion again. And intrigue.
    The topics, themes and issues the Observer is promoting is a good technique to utilize feedback system for ratings. Abortion, religion, gay issues and the Dudus affair seem to be the issues of choice.
    But alas, the newspaper is too focused on entertainment instead of educating and informing the public. All it has suceeding in doing is to generate chatter to give the impression that the newspaper is connecting with the majority of the public. It is now evident that Wignall is acting on orders. Such a shame.

    On another note, the US wants Dudus alive. Lewin wants to deliver him alive. But there are forces that would prefer otherwise; the dark forces of the JLP will not deliver him alive, for there are too many names that will surface. There is too much at stake. Lewin has to go.
    BTW, where is Dudus?

    Dr. Sonia Lyn
    10/25/2009 8:49 AM
    Mr. Wignall: This is maximum nonsense. You continue to out do yourself to the point of becoming boringly boorish and even “piggish” to put it mildly. I believe you do these special focus on Portia to boost your readership without realizing how swiftly you are devaluing what is left of your reputation-already battered. Your constant spitefull and unnecessary attacks on her and her person are unnecessary-disgusting-although your facination with her “intellectual ability” seems to be working in her favor and not in yours. You are entitled to say your piece but, be mindful that others see you no better than Portia, intellectully or otherwise, they see you in lesser light. Do better than this, I know you can, but will you?

    Greg
    10/25/2009 9:18 AM
    I dont consider Portia the smartest person either. I find her constant criticism for the present JLP administration a big joke. Owing to the fact that her party was i n power for 18 years and has nothing to show for it. In addition to all the scandal which she was directly linked to and the poor judgement calls she made.

    However, I dont see the necessity of this article at this time. It appears to be written out of sheer hate and disgust. It makes one question your credibility.

    rick
    10/25/2009 9:18 AM
    mark why don`t you leave mrs simson miller alone and write about your god bruce golding? i think you have a phd permanent head damadge.

    jumpy
    10/25/2009 9:57 AM
    I can’t believe what I am reading. Mark Wignall is describimg Potia Simpson-Miller as a Ditz. IS this the same Wignall who in his many columns prior to Simpson-Miller’s ascendancy to the leadership of the PNP and by extension Prime Minister of Jamaica was singing her praises and actually capaigning for her to be elected President of the PNP.
    What is wrong with these hypocrites. I invite anyone who doubt me to access the archive of The Observer in the months before the PNP election of President.
    Mark Wignall is one of the biggest hypocrite in Jamaica or probably he had an ulterior motive.

    From: Don Creary
    To: Mark Wignall observemark@gmail.com
    31/01/07
    Mark,
    Look at the attachment. You have to zoom in to read it. Title: “Beware of charlatans and Ponzi Schemes”
    In the upcoming article it is important that we continue to bash Wynter and begin to differentiate between Olint, an investment club in the business of foreign exchange trading, and Cash Plus which is borrowing money from the public and issuing a promissory note, then investing the proceeds into various businesses including long term ones such as real estate development and hotels, etc.
    the big difference is when everybody 70% pulled their money from OLINT after the FSC fiasco, Smith had the liquidity to cash everyone out even with no money coming in, where would Cash Plus get the money from if all their “lenders” cashed in at the same time since precious little of their assets are liquid or generating cash? Short term money buying long term assets is what led to the meltdown of the financial sector in the 90’s and led to FINSAC. See todays paper where they just bought KES building for a bag from Hugh Scott and you will see my point. this is who the FSC should be targeting.
    Another big difference is the fact that earnings from Cash Plus is interest on a loan which is taxable yet depite their efforts to close down OLINT, no attempt has been made to regulate Cash Plus and collect the taxes from their “bankers.” On the other hand, capital gains on FX trading is currently not taxable under our laws.
    A common sense position to take is also this: If Cash Plus businesses are so viable why not borrow from a financial institution at under 20% local funds or under 12% US funds, instead of borrowing from the people of this country at 120%? That would make a world of sense if this was on the up and up. Even though Cash Plus issues a financial instrument, a promissory note, the people that give them money don’t have a charge or lein on any of the assets or businesses owned. If it collapses tomorrow the owner will have those businesses free and clear while the lenders, the small man with his life savings will be left sucking salt.
    We need to look closely at this one.

  209. Johndoe, jay, nocotec et all,

    Are u not in the least concerned that this trial keeps being postponed?????

  210. Floridian,

    You post and post and post all day all night…..as sirach, harbour shark etc…u don’t seem well at all

    three quarter of what u post has absolutely nothing to do with the thread….

  211. To: sharjani@coolcorp.com
    From: Don Creary (doncreary@gmail.com)
    CC: David Smith, Ayesha Creary, joseph Issa
    10/26/07
    Hi Sasha, David has agreed to a new monthly retainer of US$20,000.00 which will bring OLINT in line with my other clients. My November invoice will reflect this change. One Love. Don

  212. Taxes Brian Trowbridge. John Barnes. All the big guys sorting taxes.

    Al Capone? Prices only go up. Better to purchase early.

  213. Seer
    10/25/2009 11:13 AM
    How much did Portia’s detractors pay you for this article this time, Mark? Are you still the best journalist that money can buy? And I thought the UFO money had dried up? Must be another source!

    And it is only a classless newpaper that would allow anyone to constantly tear into another human being like this. But then again money cannot buy class.

    And has the fact that Portia was chosen over all of the ‘bright’ members of the Cabinet been lost on you, all?

    Perhaps the Trinis prefer a ‘dunce’ sincere person to ‘bright’ hypocrites. And for all his ‘brilliance’, do the Trinis even know the name Mark Wignall?

    Seer

    To: David Smith
    From: Don Creary (doncreary@gmail.com)
    1/24/07
    Hi David,
    Please find attached 2 articles that were on the front of the respective business sections today. Mark Wignall will have another very interesting piece on Sunday bashing Bunting for a letter he wrote under a jumbled name on Friday last. He will also share with reader some of the feedback he has recieved. Ayesha emailed you a ltter that was in yesterday’s Observer. i tried to call you about some quotes from you and Wayne but i didn’t get you. The feedback nere on the letter yesterday and the stories today have been very positive. After Sunday we move into Phase 2 with the differentiation between OLINT and Cash Plus. Please Give me a call. Blessings. Don

  214. Wantmymoney you are not the one. Be thankful. For the IRS breathing down your neck when you are a ‘ranks’ means no time for the blogs.

    Be thankful Wantmymoney that you are only marginally significant in this thing. Then shut up and wait for your so called ‘trial’.

  215. Wantmymoney

    Jay says:
    October 25, 2009 at 2:31 pm
    One hand can’t clap! You seem to asking throughout ‘what the government is doing’. What are you and the rest of society doing to assist in the fight against crime?
    Political parties will come and go and crime remain the same or get worst if citizens don’t play their part. Citizens aid and abet, they facilitate criminal activites with their attitudes and some times make it dfficult for justice to be served!

    http://www.sunheraldja.com/2009/10/where-is-the-road-map-to-fight-crime/

  216. Suppose I pay ‘your’ money Wantmymoney? You would still be on the blogs right?

    You want me pay you Wantmymoney? Or is something else you can never have that you want?

  217. Wantmymoney

    What parts exactly have nothing to do with the threads? Help us to understand what you mean exactly. All the many readers here ‘feel the same as you?’ help us explain exactly what does not fit.

  218. Pretendtowantmoney?

    We shudder to think how much their refusal to at least pretend to be interested in doing the right thing on this one will cost us as a country.
    In the meantime, what do the rest of us do?

    Do we struggle to maintain the remaining seams of social order, knowing that our efforts will ultimately be wasted within the context of our corrupt environment?

    http://www.jamaicaobserver.com/editorial/html/20091024T000000-0500_162474_OBS_THINGS_ARE_FALLING_APART.asp

  219. Wantmymoney

    Es usted parte de la familia?

    …the gang uses religion and family morals to recruit.

    http://www.jamaica-gleaner.com/gleaner/20091025/war/war1.html

  220. No not part of the family…..just want my money…..i figure u have a major part of everything that is happening….why is the prosecution delaying sooooo much…..

  221. Wantmymoney

    If the investforlife site and Floridian did not exist, would you have your money today…from Olint that is?

    You seem to give people power that in many reasonable minds, does not exist. If you understood how a Ponzi works I think it might diminish your optimism that there is a pot of gold at the end of Smith’s trial. Stop blaming others for what one might classify as an irrational decision to have invest in a get rich scheme…there is no money to be had… move on!

  222. Test,
    Have u heard me blame anyone? i have always taken FULL responsibility for my decisions – I BLAME NO ONE….I have lost a lot…..and no one forced me to invest with DS.

    Interesting though…..no one seems concerned that this PROSECUTION is DRAGGING out the case for the last 2 years…….the trial is tmrrw and no one is in the least concerned abt the fact that the prosecution did not submit their docs within the specified 30 days before…..

    • Wantmymoney, on October 25th, 2009 at 8:09 pm Said: ….”Have u heard me blame anyone?”

      Wantmymoney, on October 25th, 2009 at 5:42 pm Said: ……”i figure u have a major part of everything that is happening”….

      If that is not blaming others I don’t know what is.

      I have put the question to you before, but you choose to ignore the question: If DS is found not guilty tomorrow, will you see any of your money?

      FYI, the Stanford trial has not taken place as of yet (to my knowledge). BTW, I notice that the major beneficiary of the Madoff Ponzi was found dead at the bottom of his pool in Palm Beach….I guess the $7.2 Billion that he stole will not be of much use to him.

      http://money.cnn.com/2009/10/25/news/picower.reut/index.htm?postversion=2009102519

  223. No money? The settlements behind the scenes that not even Smith is aware of is phenominal. $$$ Galore. If you see the big grins. Go ahead and move on. More in the Kitty. Money is money it does not have to come from a scam like Olint. Cash Plus? Principal plus Interest plus sorry plus more. Do you get it?

    Smithy has given the asute a mighty tax free winfall.

  224. Wantmymoney

    You don’t want no case to move to fast. You want them pending as they are now. Are you daft? Go grab the money you have one minute. You never see them shows on T.V.?

    Money abound from Deacon’s little game more than he has ever seen. Wantmymoney?…Say thanks to the Deacon!

    ungrateful….

  225. Have you never seen the movie “The Sting?”

    you have ‘the con’ then you have the ‘double con’. the first set of con man think they are gods gift. After thedouble con they have lost money and also look like the idiots they are.

    Gleason, Redford….homework Wantmymoney. Trial?

    Why pay for the massuese that come twice a week due to distress you have suffered and your bad back? You want to pay for it yourself! Well I never….horse see wata nuh drink.

    Move on then Soldier. Government boots shall you wear.

  226. Always make sure the most powerful ace is in your hands. From before the start. 🙂

  227. Pull a dog by the ears? hmmm. Check the database. It might be rabid.

  228. Let the games begin.
    a big pig get lock up thrown in jail, charged at Half Way Tree courthouse, out on 1m dollar bail, travel documents seized and reporting to Fraud Squad daily. What the rest of you waiting on lock them up and try get back you money.
    The lifestyle and assets were just too much in your face. bright yuh see.

  229. Picower dead?

  230. http://www.thespoof.com/news/spoof.cfm?headline=s2i62176

    He and his wife headed a philanthropy, the Picower Foundation. The foundation closed when the Madoff fraud unraveled last December.

    http://www.guardian.co.uk/business/2009/oct/26/bernard-madoff-jeffry-picower

  231. Picower consistently said his charity and his own personal finances had suffered from Madoff’s crimes. But his withdrawals from Madoff’s fund were viewed with suspicion after the fraudster’s unmasking.

    The bankruptcy trustee sifting through the remnants of Madoff’s firm has taken an aggressive approach towards “clawback” from those to whom Madoff paid out gains.

    In August, Picower described efforts to force him to hand back money as a “paradigm of excess”, and his lawyers have said he was “in no way complicit” in corruption.

    http://www.thespoof.com/news/spoof.cfm?headline=s2i62176

    But Mr Picower’s legal team said their client was a victim, not a beneficiary, of the Madoff scam.

    http://news.bbc.co.uk/1/hi/business/8325338.stm

  232. Attorney Courtenay Barnett, who worked closely with Rodney on many cases, was stunned by the death of his colleague and friend.
    “I am indeed shocked by his passing, having only communicated with him three and five days before his death,” Barnett told The SUN.

    Rodney, who was a pastor of his own church, is survived by his wife Leila Rodney (formerly Lightbourne)a USA-based son Shane Rodney, who is quite an accomplished junior athlete, and a daughter, Shalya Rodney who is studying law in the USA.

    http://www.suntci.com/index.php?p=story&id=495

  233. Check the database. Would not want anyone to make a fool of themselves because they did not know better or were no advised properly.

    http://www.jamaicachamber.org.jm/milton_samuda.asp

  234. what’s up with Ingrid Loiten nowadays?

  235. OlintJA says the trial is on going for the next 2 or 3 days.

  236. Trial looms in alleged $3.65B Ponzi scheme

    I declare 2007/2008 the years of the Ponzi.

    The modus operandi were the same and those deceived where many pastors of many churches. No doubt church members were similarly deceived.

    More than 100 pastors and some other nonprofits lost over $20 million. Their attorney, Carolyn Anderson, has said they include around 20 ministers whose life savings were wiped out.

    http://www.smdailyjournal.com/article_preview.php?id=118676

  237. Taking a Ponzi scheme to a different level.

    Once again those being defrauded are staunchly supporting those that are robbing them.
    http://thegovmonitor.com/world_news/asia/china-uncovers-massive-ponzi-scheme-in-yunnan-province-12253.html

  238. US bans senior Kenyan official

    The US has imposed a travel ban on a senior Kenyan government official for obstructing efforts to rid the country of corruption.

    Johnnie Carson, the US state department Africa chief, said he was considering bans on three other officials – but declined to release any names.

    http://news.bbc.co.uk/1/hi/world/africa/8326186.stm

  239. Without revealing names, he described the politician as a “senior government official of influence”.

    He said the individual had “obstructed the reform process, failed to end the cycle of impunity and has been an obstacle in the fight against corruption”.

  240. Venezuela deports man in money-laundering case.

    Will Olint’s David Smith suffer the same faith, or will he sing and bring down his co-consipartors.

    http://www.google.com/hostednews/ap/article/ALeqM5gd8qdtzDSIf2ezCIqrtSm4hSwEhQD9BGBDB80

  241. Is it really D-Day or will there be another “delay”?

    Wantmymoney, hopefully as a conviction looms, he will say where he has the “pennies on the dollar” hidden.

    I wait to see what the TCI Sun will have on the issue. Hopefully news of a guilty plea and 50-60 years behind bars without the possibility of parole.

    I wonder what I will do with my “pennies on the dollar”…..umn…Buy myself a Porsche…..afterall, it is my money that I was greedy to work for and greedy to invest. So a Porsche, yeah…always wanted one.

    So as I stupidly hope for a guilty verdict (same stupidity that got me into this situation in the first place) I also hope that he will get whatever the maximum punishment is.

    To date he has not cooperated with investigators (although one can stretch the imagination and see why he wouldn’t). Judges typically do not like convicts who do not cooperate with the process and especially those who show no remorse.

    I think that our pompous friend is likely to demonstrate both. Then I will certainly get my wish of a lenghty proson sentence.

    And just in case it is not crazy enough to wish for these things (remember again all Olint investors are crazy to have ANY opinion) I also hope t hat his wife gets the same….A nice lenghts prison sentence.

    So good luck Mr. Ginal. With any luck (and it appears that the cards are stacked just right) you will be able to hold your baby when he is 60 years old.

  242. Mr. James of the firm James and Company was charged on August 14 by Fraud Squad detectives.

    He is accused of defrauding his clients of more than $20 million.

    Mr. James was under investigation for several months in a multi-million dollar real estate deal that went bad.

    The complainants, who are based overseas, made a report to the Fraud Squad in June after the attorney reportedly failed to refund them the US$230,000 they allegedly gave him.

    http://www.radiojamaica.com/content/view/22611/26/

  243. Kenya sleaze book sparks shop ban
    A new book about exiled Kenyan corruption whistleblower John Githongo is considered so potentially explosive that some major book shops in Nairobi are refusing to stock it.

    Author Michela Wrong’s expose looks set to cause further embarrassment to Kenya’s public servants amid public anger at continued allegations of high-level corruption.

    The title – It’s Our Turn to Eat – may evoke thoughts of sitting down to lunch or dinner for most readers around the world.

    But in Kenya, this simple phrase is filled with sinister meaning that symbolises the rot crippling the East African country.

    Right now, all of Kenya is in danger

    John Githongo
    For years Kenyans have referred to corruption by the euphemism “eating”.
    In the past, Kenya’s resources were known as the “national cake”, to be shared among its citizens by the government.

    Political power was seen as an opportunity, even duty, to “eat” as much of the national cake as they could, and share with those closest to them.

    http://news.bbc.co.uk/1/hi/world/africa/7911007.stm

  244. Provide proof or resign says Police Federation

    http://go-jamaica.com/news/read_article.php?id=13720

    Simple enough Green isa veteran he will provide evidence and proof I’m sure.

  245. Case put off until November 3, 2009. Lawyers need more time to review material

  246. Not long eh Wantmymoney? Just a little while…….November 3.

  247. Next week…as long as they get it on……we need it to start and finish…..and yes mi want some money back straight!!

  248. The 10 indicators which are used to rank countries are starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.

    Vaz said that Minister of Industry, Investment and Commerce, Karl Samuda, who provided Cabinet with the information from the report, sug-gested that the main areas requiring attention were the four indicators of registering property, paying taxes, trading across borders and enforcing contracts.

    Protecting investors? requires no attention?

    http://www.jamaica-gleaner.com/gleaner/20091027/news/news10.html

  249. One infamous firm turns into three firms. must have cost a pretty penny. Business must be good.

  250. Playing Devil’s Advocate:

    The Connolly report states the following:

    It is unlikely that there will be a distribution any time soon as there are still many more claims to be received, processed and verified. A determination will also have to be made as to their admissibility. This exercise is likely to be protracted and a considerable amount of time will have to be spent on the reconstruction of the financial records of Olint TCI as there is a dearth of information available.
    /////////////////

    I was wondering how the following could be reported with such certainty with only a “dearth of information available”………………………..

    No trades were executed during the first 7 months of operation even though approximately $71m was collected and investors were provided with statements indicating that “gains on account” of approximately 10% per month were posted to their accounts.
    /////////////////

    Both passages were taken from the same page of the report……

  251. Puppetmaster…I have found C1, 4 and 5 why are you blocking the rest?

    F…..

  252. @ Tafari,

    When PWC is done Olint investors will owe the liquidator.

  253. Jay:

    It certainly appears that way…..wow.

  254. Smith was accused of two counts of publishing a false statement, theft, three counts of obtaining a pecuniary advantage by deception, four counts of obtaining property by deception, evasion of liability by deception and consenting to or conniving with a corporate body to obtain a pecuniary advantage by deception.
    He was charged along with his wife for converting criminal property and concealing or disguising criminal property.
    Mrs Smith was charged with handling stolen goods where she allegedly handled $180,000 knowing it to be stolen.
    All of the charges were laid under the theft ordinance of the TCI.
    It was alleged that on or about October 15 2007, Smith published to John Wildish, a shareholder and director of the same company, false written statements of accounts.
    Those statements purported that the company had made trading profits for the period September 15 2007 to October 15 2007 and that the account balance for I-Trade FX LLC was $11,116,881.32.

  255. It was also alleged that between February 18 and 24 2008, Smith stole $4.6m belonging to Olint TCI Limited.
    It was also said that between January and May 2008, he dishonestly obtained for himself or Olint TCI Limited remuneration by purporting to undertake foreign exchange trading on behalf of Mark Allen and other members of the FX Millionaires Club Limited;
    also SGL Holdings Limited and TCI FX Traders Limited by lying that the monies invested would be traded on the financial markets and that such trading would result in substantial financial returns.
    Smith was also charged with dishonestly obtaining from TCI FX Traders Limited the sum of $180,000 after he lied to them saying that he had paid that amount to the Financial Services Commission on behalf of TCI FX Traders Limited.

  256. Does Olint TCI qualify as a multinational company?

    Is it still a club? How was all members notified of the liquidation? Does club members have access to all records like a regular investment club?

    Why does not PWC obtain financial records from Hallmark? Do we have a conflict of interest?

  257. http://www.tcweeklynews.com/default.asp?sourceid=&smenu=1&twindow=&mad=&sdetail=1610&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=2404&hn=tcweeklynews&he=.com

    She reminded the magistrate that Smith was on a strict $2,000 per week allowance but that has since been discontinued.
    She contended that since he has access to assets in other countries and no visible means of income here then it is more likely that he flee the TCI.
    Magistrate Joyner refused bail.
    An immediate appeal was filed in the Supreme Court by defence attorney Oliver Smith and Chief Justice Gordon Ward heard arguments by Ms Meloche and Mr Smith.
    Mr Smith said that his client no longer fears for his safety since he has been walking around free for months with no further threats.
    He said that the January statement about fearing for his safety has some vintage and reeks of desperation.
    He told the court that his client has bills to pay and is surviving on the good graces of friends and family since his wife is an administrative assistant at a local elementary school.
    Ms Meloche told the judge that the $2,000 weekly allowance was rescinded because it was granted conditionally and Smith did not adhere to the conditions.
    He was supposed to cooperate and supply information so that investors could regain their monies but he did not.
    She claimed that Smith planned to flee to a country where he cannot easily be extradited.
    The Chief Justice ruled that Smith is entitled to bail unless there is a good reason.
    //////////////////
    Hey Judge, I have a good reason……………….

  258. Ms Meloche requested that a curfew be enforced as an added bail condition but the judge disagreed.
    “It is an infringement of whatever rights he has left,” Justice Ward said.
    He said that would only lead to more allegations and unnecessary interference for the Smiths.
    ///////////////////////

    Is this Judge a Jamaican Olint investor?

  259. unnecessary interference……………………..

    unnecessary interference……………………..

    This judge needs to have her mouth washed with soap…..and bleach…..

  260. His

  261. My my, when people were getting their 10 % per month return (not you Tafari, you invest after everything crash 😉 ), David Smith was the great MESSIAH…now that no money nah run, he is a PARIAH….hmmmmm

  262. So Test:

    He is still the MESSIAH to you?

    It is the same with everything so why the stupid comment?

    Would you curse your wife while the marriage is going great or when you meet her in bed with your brother?

    I guess he should be a pariah when everyone thought he was trading and a mesiah when he is proven to be a thief. You guys are just so smart, I couldn’t stay away from this blog….What would I do without such wisdom?

  263. Latibeaudiere’s appearance before the commission was confirmed by Audley Shaw, the current finance minister, while Charles Ross, a member of the commission, later confirmed the other names.

    http://www.olintja.com/docs/SAM_invoice2.xls

  264. The Finsac enquiry, initiated by Shaw will assess the cause of the crash, and whether the debtors whose assets have been confiscated under the rescue programme have been fairly treated.

    To: David Smith
    From: Audley Shaw (fitzalbert_2@ yahoo.com)
    7/30/07
    David, as promised, I’m sending you the JLP Manifesto for 2007. Thanks for everything including your companionship yesterday. Regards and compliments. Audley.

    http://www.olintja.com/blog/archivebookmark.aspx?ID=463

  265. Ross says the hearings would begin early in November, four months after the initial July 1 date announced by Shaw.

    The commission delayed the start of the enquiry saying it needed time to review submissions; ascertain the allegations being made and alert the parties of the claims for appropriate response; and determine what persons and institutions would be called to give evidence.

    STERLING ASSET MANAGEMENT INTERNATIONAL LIMITED
    30 DeCastro Street
    Road Town
    Tortola

  266. ANDREW Holness, seen by some as a future leader of the ruling Jamaica Labour Party (JLP), has withdrawn has candidacy for party’s deputy leader, just a week after entering the race.

    Holness, who announced his decision in a news release Monday, said the contest was not in the best interest of the party at this time.

    http://www.olintja.com/docs/Andrew_Holness.doc

  267. Registered Agent Name & Address
    JIJ MANAGEMENT, INC.
    300 COLONIAL CENTER PARKWAY
    SUITE 300
    LAKE MARY FL 32746 US
    Address Changed: 10/08/2008

  268. Florida Limited Liability Company
    JIJ INVESTMENTS, LLC
    Filing Information
    Document Number L07000095915
    FEI/EIN Number 208570625
    Date Filed 09/19/2007
    State FL
    Status INACTIVE
    Effective Date 09/15/2007
    Last Event ADMIN DISSOLUTION FOR ANNUAL REPORT
    Event Date Filed 09/25/2009
    Event Effective Date NONE
    Registered Agent: Isaac Martinez

  269. When I move – you move
    Just like this……

  270. It is known that as at July 2008, Olint TCI maintained accounts in the Turks and Caicos
    Islands via Hallmark, but also had investors transfer money to the following:
     Astra– account maintained at Belize Bank International Limited in Belize
    City, Belize.
     Usimo – account maintained at Cayman National Bank Limited, Grand
    Cayman, Cayman Islands
    ////////////////And Panama…Oh you missed Panama…want the bank information again?

  271. There are large unidentified transactions, in particular $135M of unidentified
    redemptions and $13M in unidentified expenses and investments.
    //////////////////////
    Want a magnifying glass? Or a telescope?

  272. The investments in JIJ et al of $46M have not been confirmed
    //////////////
    JIJ, JIJ, JIJ, JIJ, JIJ, JIJ, JIJ

    Do you want me to spell J I J for you Mr. Connolley?

    J I J……

    Only 46m? Thought it was 129M…But I may be wrong.

  273. However, we can deduce from the claims received to
    date that the management of Olint did not distinguish between Overseas Locket, Olint
    Jam and Olint TCI. It appears from the statements that we have been provided, by
    claimants, that the individuals who invested did so into Olint and no distinction was made
    between the different legal entities. The investor statements include transactions with
    Overseas Locket, Olint Jamaica and Olint TCI. The transfer of jurisdictions and entities
    was hidden from the investors.
    /////////////////
    So how do we reconcile this Mr. Liquidator? Or do we wait until the 13 mil you have on hand is depleted?
    ////////////////
    Update No. 3 will read: To All Olint Investors. To date we have exhausted all frozen funds. We therefore have submitted papers to the court to withdraw our seervices as liquidator. Sorry, cannot use up any more resources on this case. Goodbye!

  274. Check this out folks……

    There is a further practical difficulty in that although Olint TCI received $1M from Olint
    Jam to open the account at Hallmark, it subsequently repaid to Olint Jam $24.5M by way
    of redemptions. Olint TCI received no money from Overseas Locket. In simple terms it
    appears that Smith attempted to transfer to Olint TCI the liabilities Olint Jam and
    Overseas Locket had to their members, but never transferred those companies’ assets
    (such as the credit balance in any bank or trading accounts). Only Smith or perhaps a
    future Liquidator of Olint Jam and Overseas Locket could answer the question of whether
    such assets existed.
    ////////////////////

    Either Smith had NO money on hand from Olint Jamaica when he arrived in Prove, orthose funds are dancing in Cayman? Belize? Bahrain? Wachovia? Oops! Did I say that?

  275. Can anyone spell JIJ?

  276. Further, there is evidence to suggest that some, possibly a majority, of the redemptions
    went to persons who had not invested in Olint TCI
    ///////////////////
    Good stuff Mr. Connolly. Or did Mr. Campbell prepare this report? Is that you Mr. campbell?

  277. The above table indicates that the value of the funds being invested in foreign exchange
    currency trading was relatively small compared with the $220M, which was deposited in
    the Hallmark-Olint bank account.
    //////////////////
    Leverage maybe? Or other trading accounts? Are you guys seeing the trees through the forest? The guy has at minimum two dollars hidden somewhere. That’s two dollars too much.

  278. It is also interesting to note that documents suggest a performance fee was paid to Market
    Traders Institute for managing the fund at FXCM. It appears that it was only when
    Smith stopped trading and relied on third parties did Olint TCI finally make a trading
    gain.
    //////////////////////
    Someone said on this blog that David Smith is smart and I am stupid…Wow. It appears so. Still giving him praises MikeD?
    Or is MikeD really Wyne Smith in Sheep’s clothing?

    By the way..hey Wayne? How ya doing? Not going to Provo any time soon? What are a couple little charges going to do to a rich con-man like you? See? Your brother has them right where he wants them……………

  279. A significant amount of funds were moved from Olint TCI’s account at I-Trade to JIJ, a
    Florida Corporation.
    It would appear that JIJ was a foreign exchange trading fund, which was managed by JIJ
    Management Limited. The Liquidation Team is in the process of obtaining the records of
    Olint TCI’s investment in JIJ.
    ////////////////
    How do we spell JIJ?

  280. Hey jij…We’ll find you

  281. Despite our efforts a only a relatively small percentage of investors have made claims.
    We are of the view that certain investors believe that Smith will be able to repay their
    investment and that claiming in the liquidation will somehow effect this pay out. Our
    opinion is that such a pay out is unlikely.
    //////////////////////
    Hey Wantmymoney:

    Your best hope is for twenty five cents when Connolley is done with this. I wonder if Connolley will give the Judge a kickback…………….or the TCI FCU even. After all, it’s a lot of money to share…..Everyone could get a small bite…

    TCI – Eating a food!

  282. My soapbox broke…Be back later.

    • Uh-oh…..are you sure that it’s only your soap box that is broken? Feel above your shoulders with both hands? Is there anything up there? Only a ball right? Well it’s filled with hot air 🙂

      Dude, JIJ, et al. has been cover ad nauseam on this blog. There are multiple threads showing the various links as it relates to the NFA report. Bwoy Tafari, consistent with your poor timing abilities, you are late to the party, as usual, with all that dated information posted above. AML was more than generous with reams of data on JIJ/Market Traders.

      Tafari, what happen to the “millions” of dollars that the Pigs or the Feeder clubs never turnover to David Smith? How will Connolly capture that as part of the final number? In fact, did all funds transferred from Pigs/Feeder Clubs sent to Olint accounts or diverted elsewhere? There are even rumors out there that you ran a feeder club and are now in hiding from that little island of yours. Is there any truth to those rumors. Did you turnover ALL the funds to DS?

      Yours truly
      Lil W(a)yne Smith 🙄
      Olint CFO

  283. SN’s..he was never a finalcial wizard ever…just a SN.

  284. you’re not going to believe this….

    I don’t believe it. Have you heard?

  285. Back to Olint,

    Mike D what an irony with the feeder/pigs? the one in New york can’t secure release on bond yet deacon get bail.

    Feeder’s in for some serious shock. Many have been conversing all kingd of rubbish with inexperienced lawyers. It going be a miserable wake up.

  286. Sure MikeD..whatever makes you feel better today. What’s your point again? Poor poor man….

  287. MikeD:

    Make a useful contribution……The person/s intended to get the message got the message. Go back inoto your little hole…

    Miked…Umhhmn….TCIFCU are you?……What’s your deal anyway?

  288. Wayne Smith:

    Remember the hello in the schoolyard? Nice car…….I heard that your brother is afraid to go back to Jamaica..Where is he headed? Belize?

    The trip was put off? Oh…….Get another boat then.

  289. I think DS will be able to pay out something whether its thirty or forty cents….maybe its wishful thinking….

    i don’t this liquidator to yam out anymore of the funds…

  290. Wantmymoney:

    Would you kill a cash cow?

  291. After the scathing statement from MikeD above (I did laugh though, That first paragragh…now thats some funny stuff there!).

    I almost hate to ask, for fear that it might have already been hashed over, but why has not wild willy Wayne Smith been arrested? If you send out a possy to round up the bank robbers, you dont just stop at the lead robber, you round up the whole nasty bunch. Can anyone tell me? -Ter

  292. lol…….reread it again….. had to laugh again 🙂

    -ter

  293. Tafari and want my money. Did you guys read carefully the Liquidator report.
    While only US$13M was reportedly being held in Olint accounts, Olint co-conspirators were doled out close to US$146M , during the time you guys were not being paid.

    Yow a deh so unno fi look, thats where the money is, follow the money trail.

  294. @Jay

    It is funny how Tafari and wantmymoney believe the same thing. Wantmymoney believes DS has money stashed away and will repay it if left alone… How much? 30 to 40%?

    Tafari believes DS has money stashed away because the crooks always do and he was not running a ponzi to just distribute money…he seems not to account for him running it to spend money lavishly… And so Tafari believes if that money can just be located or DS is made to reveal its location then he will get his money back.

    We can understand how they both became involved with a ponzi scheme…

  295. Noco

    What ponzi scheme? Mastercards?

    Devils advocate Nonco…run with your ‘ponzi’ but it can’t hold water.

    Those who say different don’t mean you any good. ‘Ponzi’ is a finite hope.

  296. The SN can’t do nothing..stall maybe.

  297. Nocotec,

    Pat urself on the back…well done…u r smartier than the thousands who invested in olint…..hip hip…..hooray for nocotec…..smile and take ur prize.

  298. hahaha…you’re compass turn in the wrong direction again.hhehe….going get more than singed now.

  299. pawn to king 4 let’s go.

  300. Do you want to get away?

  301. Deacon, your protector dem going wail…

  302. “The U.S. government is looking forward to the Jamaican government respecting their obligations under the treaty,” Patricia Attkisson, spokeswoman for the U.S. Embassy in Kingston, said Thursday.

    Coke’s lawyer, Tom Tavares-Finson, said his client has not been in touch with the local government and is not privy to the details of any discussions between the U.S. and Jamaica.

    http://hosted.ap.org/dynamic/stories/C/CB_JAMAICA_US_EXTRADITION?SITE=TXHOU&SECTION=HOME&TEMPLATE=DEFAULT

    Deacon David Smith you give Coke bach his money yet? You have the same lawyer so at least he has a direct line to ask that you pay back the money.

  303. but deacon how come in your case you get to talk to them when they come to Providenciales?

    What king of Special treatment dat Deacon?g

  304. It takes two to tango

    Friday, October 30, 2009

    There’s been a lot of talk lately about the so-called ‘scammers’, a grouping of mostly young people from western Jamaica who are making a killing – in every sense of the word – by conning Americans out of millions of dollars.

    According to the stories that have been carried in this and other sections of the press, these scammers dial up their unsuspecting victims, most of whom are elderly, inform them that they have been successful in a fictitious lotto and invite them to make a deposit with a view to releasing millions in prize money.

    These gullible targets send the money, only to realise after waiting in vain, that they have been conned. You’d think, with all the publicity, that people would not fall for this scheme by now. But no. According to the police, it’s still in its heyday.

    Millions of dollars are flowing into the island, at the invitation of children as young as 10, and in the inevitable squabbling over the ill-gotten gains, the murder rate has soared and hundreds of lives have been lost.

    The police, some of whom have joined the ranks of the scammers, are virtually at their wits’ end as far as cracking down on this phenomenon is concerned.

    For no amount of prosecution seems to be able to deter the growth of this brand of criminals.

    So maybe it’s time to start tackling the problem from the other side of the equation. As we understand it, the US Embassy has managed to recover and expatriate thousands of dollars to the ‘victims’ of the scam.

    As a strict matter of law, the money belongs to them, so restitution is in order.

    However, we wonder how deserving they are of the resources that are expended in the effort to have these monies returned.

    After all, they’re as much to blame for the murder and mayhem that attend the lotto scam as the young thieves here.

    But for their participation, the lotto scam would simply not be.

    Shouldn’t they be made to pay a price for their simplicity, their irrational, insatiable lust for more money to hoard in their twilight years?

    The resources that are being used to repatriate these monies might be better employed to programmes designed to further publicise and, by extension, dent this dangerous scam.

    Surely it cannot be beyond the State to come up with the appropriate legislative framework to address this problem which has so disrupted the social fabric of the society?

    What is needed is an innovative approach to the problem which acknowledges that in this unfortunate and dangerous game of greed and dishonesty, it takes two to tango.

    http://www.jamaicaobserver.com/editorial/html/20091029T200000-0500_162749_OBS_IT_TAKES_TWO_TO_TANGO.asp?offset=10#comments

    Derreck Clarke
    10/30/2009 9:50 AM
    Who is responsible for editorials like this being published? The writer of this editorial and this newspaper need to apologize to the public for their gross insensitivity and lack of common sense. The villians are using deceptive practices, fine tuned from years of experience to prey on the elderly. There is no justification for blaming the victims. After being scammed out of their money they are being accused of murder? This article is a disgrace and reflect very poor journalism integrity.

    Artemis
    10/30/2009 10:05 AM
    There’s something wrong in the thought process of anyone who advocates that victims of conmen should be punished. At most they are guilty of being naive and gullible. The conmen (and women) are greedy, manipulative liars who alternately flatter and intimidate their victims. They’re the ones who start the “Tango”, if they didn’t contact Americans there would be no tango at all.

    This editorial is pure foolishness imo. Jeesh.

    Lloyd
    10/30/2009 3:02 AM
    truly disappointed in this editorial. Another case of blame the victim. I do agree that some of these persons are simple-minded. But that isn’t a reason to rob them…which is what the scammers are doing. So you are saying that it is ok to prey on those with diminished capacities AND it’s their fault which caused to be a victim.

    And if you do watch the international news, you would’ve noticed that the scam is being publicised. However, these ppl still send the money, because some are under the impression that the scammers know where they live and are afraid of what might happen if they don’t comply.

    Concerned
    10/30/2009 4:07 AM
    So you want to punish the victim. What’s next? Locking up women who have been raped? After all, it takes 2 to tango.

    You cannot possibly be serious. The victims of scammers have suffered enough. Picking on them won’t help anything.

  305. Nocotec I am convinced you are an a$#0!+…I have stated many times that David Smith stole and spent money on Jamaican political campaigns, airplanes, casinos, white women…Guess I have said it all. Yet you insist on misrepresenting what I said.

    You have your motive and I have mine…By the way, still work for the bank? Well, you won…You were right all along…the guy was running a ponzi…..looptidydoo…..Dumb@$$

  306. Jay:

    I get your drift. Someone recently mentioned again that there is also the concern about the mini-ponzi schemes…Millions were never transferred to DS….

    This is quite an unholy mess…..

    Taking your advice Jay…following the money trail….I have no pre-conceived notions about where it will lead…But my eyes are wide open….

    Unlike your compatriot who has his eyes wide shut.

  307. @floridian

    Please refrain from lifting entire or substantially entire articles from other sites and posting it here. A brief quote, the link and your own thoughts are sufficient. You need to respect the rights of the copyright holders.

  308. Yeah…Floridian…It’s almost as if that last post you made was addressing out dear friend…

    Please respect the rights of the copyright holders……What’s wrong with you dude?

  309. TCI FCU:

    David Smith has requested assistance to leave the country. Check who visited him around September 18.

    He wants a boat…….

    Jamaican feeder club manager…..

    One million dollars….

    But the question is, where will he get the money to pay for the trip?

    One million Dollars…..???

  310. @wantmymoney: Pat urself on the back…well done…u r smartier than the thousands who invested in olint…..hip hip…..hooray for nocotec…..smile and take ur prize.

    Tafari: Well, you won…You were right all along…the guy was running a ponzi…..looptidydoo…..Dumb@$$

    Alas the mind of ponzi investors at work in similar fashion. 🙂

    It did not take smarts to know Olint was a ponzi scheme… Even a dumbass could have figured it out. You guys continue the same faulty thinking that got you in the mess in the first place.

    I just bought a cover for my phone online for less that $5. Before I did, I read the reviews. I skipped some because of poor reviews mixed in with good. Now I cannot say for sure whether the folks were correct in their bad reviews… But I was not willing to risk my $5 to find out.

    Yet with all the warnings from the regulators and many others, many of you guys were willing to put in hundreds of thousands of dollars, borrow money or your life savings… into a scheme with bad reviews mixed with glowing ones from other investors and folks with something to gain.

    The end result is the money is gone. An emotional attachment and belief that their will be money found and recovered to pay you back your money has you on a fool’s errand. The best that is left is to see justice served and the perpetrators get punished…

    • Good for u Nocotec,

      U r one lying piece of ….! pretending to have no agenda but yet spending some much time on the blog following something that u have no vested interest…..u are a liar!!! a liar who thinks he/she is so much better than the 15000 persons who invested in olint…..

  311. BREAKING NEWS!!

    Latibudere resigns as governor of the Bank of Jamaica

  312. Nocotec:

    You know what? Money there or not..what’s it to you? You REFUSE to answer that….

    WHy bother yourself so much?

    So the money is gone….or DS has a few dollars hidden….

    Or there is pennies on the dollar…

    Or all Olint investors are crazy….

    Or not….

    What’s it to you?

    Seems like you are the crazy one….

    • Nocotec

      what is it to you really…..i lost money and want to get back something…..i happen to believe that there is some money left behind.

      u said u have invested nothing yet u spend the last 2 years on the blog….u r either crazy or u r a liar or BOTH

  313. Bottom line is Nocotec, whether I get back every penny, or none at all, I may still be better off and earn more than you ever can….So what?

    Like minds at work…They are all crazy…..they invested in a ponzi….

    so we did….It was our money not yours…

    people who are scammed will generally hope to recover their money…..Well unless they stole the damn money….

    You are as sorry as you are stupid…..

  314. You seem to know everything…except that you come accross as a know it all….

    Look in the mirror dude….

    It doesn’t matter that I invested in Olint..I invested money that I could aford to lose….

    But learning that it was stolen irritates me….as it would any normal person….

    But you dude, …you have this disgusting condescending attitude…Your ego must really need to eat regularly….feed it.

    But it is time you realize that you are seen for what you are…..and it is certainly time that you see yourself for what you are and shut up….

    I stipulate that you are right…..Great. take YOR prize and run home to mommy…..Damn…you must have been abused as a child.

    ………………………..

    For all those who lost money to olint or any other scam, there is nothing to be ashamed of. And when idiots like Nocotec say that you were greedy and stupid (his words) just ignore the little man. It makes him feel good to be right about something…..

    So stroke his ego…everyone get on and tell him thanks….

  315. @ Tafari,

    Stanford investors hoping to get back around $0.20 on the dollar, in your case I think getting anything from DS is virtually hopeless.

    There is nothing to sieze and sell as is in the case with most of the other Ponzi’s.

    As I said, when the receiver is finish you will owe him, are you prepared for that.

  316. You even seem to want to decide how everyone should feel..

    You established the blog to warn people….Well people are warned.

    Thank you father….

    Damn you are irritating.

    We get it. DS was running a ponzi..

    he stole our money….

    We may never get a penny…

    You were right….

    All stipulated…Now let’s move on..

    Oh..I even stipulate that all ponzi investors are stupid and crazy and greedy and think alike…..

    Now that your ego is fed…..Whooptedooooooooooooooooooooooooooooooo.

  317. Jay:

    Again I agree with you….I think that he madoff folks made off better than most ponzi scammed.

    Read an article that seems to indicate that the Stanford investors may get even less than that.

    I am prepared for whatever…Just not prepared for DS to walk free….A lenghty jail term will be fine with me.

  318. @ Tafari,

    You said you invested what you could have afforded to lose, so why are you still here, isn’t time to move on.?

    Why are you still “looking” for the loot ?

    The two are not in sync.

    http://dealbook.blogs.nytimes.com/2009/10/30/stanford-receiver-hopes-to-recoup-15-billion/

  319. So you who did not invest should not move on…But those who lost should forget their money and move on..

    Who would you say has an interest in seeing this thing to the end?

    Hmnnn..the plot thickens.

  320. Never invested a penny in Olint….Blogging day and night about Olint.

    Invested, lost,…….Should move on….

    I will have to repeat this about ten times

  321. Have no interest in Olint..

    Did not invest

    Actually CREATED a blog to discuss Olint

    Still blogging years later

    But those who invested should move on…

    Jay. I can’t wrap my stupid greedy mind around that….

  322. @Tafari

    I used to enjoy stoking you up but then I realized you had serious mental issues. It is not funny when the other party has mental problems. You really should seek therapy to help you deal with your loss. The blog is here for your rants but it is not enough. Get some professional help to help you through this. It is quite clear that you are very disturbed… Get help before you harm yourself.

  323. Jay:

    Here is the scenario….

    David Smith has had no meaningful employment for the past few years…well, except running the scam.

    So, some of us are interested in making sure that this thief doesn’t walk out of prison and buys a new house, car, plane even with our money.

    So collectively we decided to do everything possible to track every penny hidden.

    If there is none, then there is none. But David Smith should be as poor as he has left some folks.

    Why are you still blogging about Olint Jay? Isn’t it time to move on?

  324. @Tafari

    The blog was not created to discuss Olint… It was created to provide information on the UFOs, mainly JA based UFOs. Olint was but one. On the old blog the primary discussion was around C+. On the 4 blog and on here several others were also discussed.

    The reason it seem like an Olint only blog to a newcomer like Tafari is that Olint ‘investors’ generally considered themselves superior to the other UFO investors. The folks in schemes like C+ were generally foolish because those schemes had no sustainable business model.

    To Olint investors, they were smart and superior because like Tafari has pointed out, those returns can be generated by astute FX traders… DS the great trader had a business model. Now people who felt smart and superior hate to be shown to be a sucker and been made a fool of… So Olint investors have tended to blog more…

    Many of them try to go to pains to show that they are smart… DS will see who he messed with or all kinds of other rationalizations. The non Olint guys have tended to do this much less and have seemed to deal with the loss better.

  325. @ Tafari read the title of this thread, then re-read your second to last post. 🙂

  326. Whooptedoooooooooooooooooooooo

  327. So Jay:

    Do you know about another scam out there? You should hurry up and warn the people….

  328. Know-it all said:

    The reason it seem like an Olint only blog to a newcomer like Tafari is that Olint ‘investors’ generally considered themselves superior to the other UFO investors. The folks in schemes like C+ were generally foolish because those schemes had no sustainable business model.
    /
    Dude are you for real? really? The Olint investors feel superior?

    Wow…..

  329. Did Tafari say that if seems like an “Olint only” blog?

    Dude you are loony….

  330. Nocotec:

    You resort to calling people crazy whenever you are challenged.

    You are truly a little man….

  331. Categories
    Capital Blu
    CAREIF
    Cash Plus
    Commentary
    F1 investments
    Flashback
    Forex
    Higgins Warner
    Interesting News
    Lewfam
    May Daisy
    Olint
    Real Investments
    Share Offers
    Stocks
    UFOs
    Variable Bonds
    World Wise
    /////////////////
    Most Read
    Stunning new development in the Capital Blu Forex Case !!!
    OLINT Feeder Club Members: File your claim against the respective Club
    Olint’s David Smith in Jail
    Olint’s David Smith arrested and charged for fraud
    OLINT’s David Smith Arrested again
    UFOs Time-Line
    End of the Road for I-Trade FX
    CashPlus Loot located !!
    OLINT Freeze remains
    NFA fines I Trade FX LLC $250,000
    ///////////////////////////
    OLINT Reports
    Gleaner: David lived it up
    OLINT Crash: Real!
    E-mail: Fake or Real?
    Olint Raid, Assets Frozen
    Verge of Collapse
    No Money No Deh
    Local Offices Closed
    David Smith – Interview
    I-Trade and the NFA
    How OLINT survived?
    More
    //////////////////
    Your stated purpose:

    About Us

    Real Investments for life looks at what is happening on the investments scene in Jamaica and the World

    We are also

    1. Interested in showing up investment scams for what they are

    2. Encouraging people to do careful due diligence before investing

    3. Providing useful information on how to make wise investment decisions.

    John Doe (Investforlife)
    I am investor with interests in Stocks, Mutual Funds. I do not trade forex..
    I know money can be made in Forex but you can just as easily lose money.
    I am not associated with the FSC, BOJ, A Bank or in the financial sector.

    Jay
    I am not associated with any company in the financial sector.
    I am investor who has interest in real estate, the stock market and I do trade forex.
    /////////////////////////////////

    Nothing on Nocotec…..But I digress….

    Would it not be fair to say that (among other things of course) this blog was created to discuss Olint? And if it wasn’t, it sure spent much time discussing Olint anyway……

    The creator of this blog (one of) spends much time calling people stupid and greedy…and crazy. Some warning.

    But this guy doesn’t state who he is (unlike the other two) because he is a bank employee…pretty high up too…..

    Waiting on some clarification Noco….will reveal all as soon as all is verified.

  332. How is that forex trading coming for you Jay? You are stupid and greedy and crazy to think that you will make money trading forex….It is gambling…you are stupid oh and greedy and crazy too…..LMAO here.

  333. The ministry has appointed Bryan Wynter as the new governor with effect
    from December 1.

    All backpedallers listen VERY Keenly. Mi have di ace dem. Who want call bluff go right ahead. always told you “image and substance are two different thing”

    Monitors seem to be alerting the fact that just today a laid the foundation to play a rude rude ace.

    Proceed as you will. You free.

  334. Mr. Lattibeaudiere was the co-ordinator of the technical team in the
    negotiations with the International Monetary Fund.

    .

  335. Six comments and not one of them can’t make it yet.

    Let mi try this way.

    Tafari:

    The most powerful ace? What could it be and why?

  336. Olint’s nemesis hired to deal with IMF?

    Was Sirach shortlisted? hahahahaa

  337. Jay,

    Please forward to the new BOJ Governor

    Forex Factor will be hosting representatives from Advanced Currency Markets (ACM) New York at

    EDEN GARDENS 39 Lady Musgrave Rd KGN 10 on

    · Friday Nov 6 at 6:00pm

    · Saturday Nov 7 at 1:00pm

    · Saturday Nov 7 at 4:00pm

  338. Thanks jay…i will have to visit!

  339. I believe in the forex market…..despite my losses i believe that u can still earn more than u lose….i will be there…..

    • ….I will be there……I wonder why I’m not surprise at that statement Wantmymoney! They say a sucker is born every day…well in Wantmymoney case he has been born many times over. A great believer he is…..cool.

      Being the fool I am I took refuge in that “little hole” that Tafari suggested I should get back in. Because of that, I miss all that back-and-forth with Tafari and Nocotec. I miss the popcorn moment. I am crawling out now Tafari, if that’s o.k. with you?

      Anyway, Nocotec, you have to take some responsibility for pushing Tafari over the edge. Yes, Nocotec, YOU push the guy. He came out of nowhere, tethering on the brink of insanity and whatever you did, he has been nudge over the cliff. The best you can do is to offer some financial compensation in the form of passing the proverbial collection plate. We will call it the Tafari resurrection fund to be used for antidepressant and other psychotropic drugs. Maybe it’s too late, but the least you can do to make up for unintended consequences.

  340. http://www.ziplaw.com/documents/sc_list_18_may_2009.pdf

    Is Olint Corp. Ltd. still in court with NCB?????

  341. @ Tafari ,re; Forex trading.

    Not making 10% per month if that’s what you are thinking. 🙂

    See Tafari, the about us information gives you all you need to know, and its public, so I trying to find out the relevance of copying the page and posting it here.

    Man seems like you really did not invest what you could have afforded to lose, as you seem pretty delusional to me.

    I sure hope you get back something so you don’t go jump off a bridge. 🙂

  342. @ Tafari some advise on investing.

    1. Research research research

    2. Read the financial of the company to plan to invest with, if none are available then I suggest you run like Usain Bolt.

    3. Diversification, diversification. Now that does not mean that you select only stock and bonds of different sector, while that is a sort of diversification you are still fully invested in a single economy. So if the economy tanks then so does your portfolio,

    4. In times like these there are many gems out their that are being sold well below net current assets or put another way, they are selling for less than price to book. If you look you could find some real bargains.

    5. Buying a stock of a good company for less than its worth limits your downside losses, and gives up the opportunity to make significant profits over time. You have to be willing to wait my friend, this is not 10% per month stuff:)

    5. Many have opted to keep their funds in cash, which may be a wise move but now that the economy grew by 3% last qtr it may be time to unleash\h some of that cash. ( I am assuming Olint did not take it all).

    Ok so there you have it a few tit bits that may allow you to move on past Olint.

    Good luck,

    @ Nocotec, we really need to help out this guy out. 🙂

  343. Jay, you have that IMf paper prepared by Wynter. I remember I posted it on your blog first.
    Put it up for examination nuh?

    Or you still have ‘relevance’ concerns?

    Over time a lot of statements made here and turning even the most loyal observer’s and doubting Thomases.

    Remember Jay, The IMF document was not the only ‘first’ a certain blogger put up here.

    Heed the words of the wise.

  344. IMF Staff report on Jamaica.

    Read page 3 carefully under key policy recommendations.

    https://www.imf.org/external/pubs/ft/scr/2008/cr08199.pdf

  345. Jay:

    Thanks for the advice dude…..However, my portfolio is well diversified. A small amount of my total investment (2% ) was invested with Olint and that doesn’t even include my 401K.

    I am also a medically retired veteran of the US armed forces with 60%. So your advice is late and un-solicited.

    You and Nocotec may need more help than I do…..

    • Tafari Francis, on October 31st, 2009 at 10:16 am Said:……”I am also a medically retired veteran of the US armed forces with 60%. So your advice is late and un-solicited.”……..

      Uh-ooooooh (again)….. Whooptedooooooooooooooooooooooooooooooo (sorry I had to borrow that one from you).

      I remember saying this about a week ago, and what did you do. You decide to abruptly leave the blog, only to reappear again. Soooooooooo Tafari, do you care to share with the rest your blog mates the nature of your medical condition that precipitated this medical “retirement”? I notice you use the word “retirement” versus “discharge”. It’s funny, if you ask any Jamaican that has been deported from the USA why he is back in Jamaica, he invariable would classify himself as a “returning resident” as oppose to that of a “deportee” 🙂

      The thing I don’t understand though is did you get your degree from Princeton before or after the discharge, hehe….retirement? 🙄

  346. Unregulated investment schemes, by their very nature, elude regulatory oversight, thereby
    posing serious challenges for the regulatory authorities in terms of how to prevent the spread
    and/or closure of their operations. The authorities have been pro-active within the mandate
    of the respective institutions, pursuing these schemes through the legal system and
    disseminating public advisories on an ongoing basis. The Financial Services Commission
    (FSC), which regulates the securities, insurance and private pension industries, continues to
    take actions authorized by governing law to prevent these “clubs” from offering securities in
    contravention of the Securities Act. Cease and desist orders have been issued and the FSC is
    supported by the Financial Investigation Division of the Ministry of Finance and the Public
    Service in cases where prosecution becomes necessary.

    To: David Smith
    From: Audley Shaw (fitzalbert_2@ yahoo.com)
    7/30/07
    David, as promised, I’m sending you the JLP Manifesto for 2007. Thanks for everything including your companionship yesterday. Regards and compliments. Audley.

    Man a Yard working as an ‘undercover’ agent!

    http://www.olintja.com/blog/archivebookmark.aspx?ID=463

  347. MikeD:

    What is the deal with you dude? What do you do for a living?

    This is a question you chose not to answer…….well apart from living in a cold damp basement……….

  348. MikeD:

    Make a useful contribution, will ya?

    • I guess no answers are forth coming on that medical retirement question, eh? Anyway, that was a rhetorical question since I already knew the answer. It was a mental condition which gave you that 60% pay for doing nothing. Yea you have a right to ask what I do for a living, since guys like you are getting paid by the US tax payers for doing nothing, well, unless you call that work for FX trading on your $1,000 account…hahahaaaaaa

  349. Corruption must be brought to light, says Shaw

    The finance minister said he would not pretend that the problem did not exist, as corruption was prevalent even in his own tax department.

    “It is a sad day that even in my own tax department, I am confronting the issue of illegal registration where titles are illegally being tampered with, leaves removed, illegal licence plates produced,” he disclosed.

    http://www.jamaica-gleaner.com/gleaner/20091031/lead/lead3.html

    Yvonne coke paid no attention to this blogs advice….tuck eeen …tax dept? worries coming for them who fall pray to misunderstanding of the rankings.

    From : Audley Shaw[mailto:fitzalbert_2@yahoo.com]
    Sent : 11/11/2006 11:01:13 AM
    To : dsmith@kasnet.com
    Cc :
    Subject : RE: fx trading
    It was a pleasure meeting you and your dear wife. I’m glad that you shared your knowledge and concerns with me. A friend of
    mine is keen on investing and would like to talk with you or better yet, he wants to meet with you if possible. He has asked me
    to fly over with him to see you when it is convenient to you. Please let me know.
    Regarding the Australian model of fx trading to help with public debt, is there any published information on it? Please let me
    know. I’d really like to learn more about it.
    Thanks again for our meeting as I now have a better grasp of the issues.
    I look forward to hearing from you.
    Kindest regards and compliments.
    Audley Shaw

  350. We note well Minister Shaw that cabinet Ministers who are olint bankiers for Seniopr police are not mentioned by you.

    see di…dem a galong deh….galong we feeling like relax today.

    Know when to hold em[‘….know when to fold em’ …know when to…

  351. Is there a MikeD on here? Oh…thought so…..

  352. MikeD:

    I guess an answer is not forthcoming on that long un-answered question, what is your purpose and what do you do for a living, and whose computer are you using?

  353. MikeD:

    I guess an answer is not forthcoming on that long un-answered question, what is your purpose and what do you do for a living, and whose computer are you using?…

    • Shit….they are closing library for the day; I guess I will have to answer the question tomorrow. Back to that unheated, cold and damp basement…. 🙂

  354. Drop the ace Mr. Belcher.

  355. Shaw also pointed out that there would be conditionalities imposed on the country, but that any demands placed on the economy were necessary steps that had to be taken to steer the country on a path of growth.

    Remember “It’s a new IMF”

    We have so much World Class we should be exporting them to support balance of payments.

  356. 🙂 Whaddup??

  357. Trowbridge and Smith- Co Conspirators in OLINT

    Brian Trowbridge, CEO of Hallmark Bank after extensive investigation has been found to be one of the major money launderers in the Caribbean today. Hallmark Bank was classified by the Financial Services Authority (FSA) in the United Kingdom as being a rogue financial entity for supporting and endorsing legal financial practices.
    Trowbridge an attorney by profession has developed a remarkable reputation in the under world for being an ace at establishing off-shore accounts and “shell “ corporations, all aimed at tax evasion. Indeed he has also been found to be linked to other less than honorable past financial entities such as: Lake Shore Asset Management and the now insolvent Horizon Bank.
    Trowbridge has regained notoriety by being a strong ally of David Smith, a felon who has been charged by the TCI Financial Crimes Unit with 26 charges of money laundering and fraud and for being the mastermind behind the OLINT Ponzi scheme which defrauded over six thousand investors, spread throughout the Caribbean, North America and the United Kingdom.
    Trowbridge’s specific role was to use his bank to receive incoming wire transfers from OLINT investors and also to send wire transfers to many third parties, such as JIJ Investments in Lake Mary Florida, USIMO based in the BVI and ASTRA based in Belize, all done without the consent of the OLINT investors.
    To date, criminal reports have been made to the TCI Financial Crimes Unit, US Federal Reserve and the US Securities and Exchange Commission regarding Brian Trowbridge. Investigations are ongoing but the facts thus far indicate that Trowbridge’s conduct was both criminal and conspiratorial.

    http://www.olintja.com

  358. Shaw takes out central bank governor

    It appears that central bank governor, Derick Latibeaudiere was fired because he refused to artificially reduce interest rates in order to soften the impact of the cost of servicing the country’s crushing $1.24 trillion debt.

    The IMF team, which is currently in the island, leaves on November 6, and the time table is for a technical agreement to be settled by November 20, as well as for the country’s application to go to the Fund’s board by the first week of December.

    The original deadline was September. This was subsequently changed to October and then to November and now to December because of the government’s inability to demonstrate how it will reduce the fiscal deficit in a credible way during the next three years.

    The central bank raised its benchmark rates by about 800 percentage points last year and hiked the cash reserve requirement, after investors rushed to the exit and chased the US dollar.

    These moves followed comments from the government that the global crisis would have had little impact on the Jamaican economy and further that going to the IMF was neither necessary nor appropriate, which led to its subsequent failure to adequate prepare the country.

    The government then sent a team led by the inexperienced then senator Don Wehby and financial secretary, Sharon Crooks, to conduct what it described as exploratory talks with the Fund. Crooks was abruptly relieved of her post for incompetence after the government missed its revenue targets and Wehby left for the private sector after his two-year contract ended.

    http://www.sunheraldja.com/2009/10/shaw-takes-out-central-bank-governor/g

  359. Shaw—OLINT
    Latibeaudiere-OLINT
    Brian Wynter–OLINT
    Ralston Hyman -OLINT

    ALL over olint emails etc. The list is unending. And not limited to others in these articles. The people read Poor people of Jamaica have been shafted.

    The Public Defender should sue the coinstituents of the ‘North Manchester person’ on behalf of the entire Country.

  360. Performance based testing…or hype based.

    Why not put ou tthe challenge. Demonstrate skills on a smaller scale.

    Get back all the money from Cash Plus, Olint, World Wise, May Daisey, Gareth Harris etc.

    Then take your throne as BOJ Head, or PIOJ head or Chamber of Commerce Head, or Minister of Finance or Prime Minister or DPP etc.

    Positions given out before perfomance so what the people expect?

  361. Jamaica needs a BOJ Head who has never used email.

    Jamaica sick of the chicianery and the BS…o.k so you run wid all the suffer money alright good for you…evrybody decent broke and all corrupt rich alright….enough already. Don’t you want us to stay so you can climb over our backs in your scramble?

    Our little Jamaican dollars going devalue as it sit in our accounts while unno laugh with all the US$…alright so what? enough already…

    So is run wid it…alright clap yourselves…enough already…

    Or should we just migrate?….Jamaica is sick of this sh….!

    Just curious: Which suckers back you going to crawl on as our replacement?

  362. We did not ask persons to state the reasons for their selections. However, I would like to suggest what some of those reasons could have been.

    ???????

    http://www.jamaica-gleaner.com/gleaner/20091101/business/business7.html

  363. The end is near!

    Dr. Walker is growing tired and weary of paying Rob Rawson and Sean Belcher for their propaganda machine. They did a good job and worked around the clock, but the money is running out and they need to find their next project to exploit.

    How about you Jay? What is next?

  364. olintja.com is DOWN!

    I cant believe it with all the reverse links Sirach, Floridan, AML, etc. have posted to it. I would say they link to it one of every 3 blogs. And the other 2 blogs have nothing to do with anything. So Jay, your blog is used only as a refferal station to olintja , nice.

  365. JoePublic
    10/31/2009 4:26 AM

    look around the truth is what you see…we all know how we got here as a society…and every well all know what to do if we want to reverse the trend…the question you should be asking is ” are we comfortable with the status quo or are wev eady to reverse the trend…
    Most Jamaicans are not ready for change my friend…they are simply not mentally prepared for a life without crime.

  366. Ms Meloche told the judge that the $2,000 weekly allowance was rescinded because it was granted conditionally and Smith did not adhere to the conditions.
    He was supposed to cooperate and supply information so that investors could regain their monies but he did not.
    She claimed that Smith planned to flee to a country where he cannot easily be extradited.
    /////////////////
    If things work out, DS will no longer be in the TCI……hey David, got that boat yet?

  367. MikeD, Sergeant, Turks and caicos police………….

  368. Promises to pay one million dollars for a late-night trip……I’ll take you up on that….”man overboard!”

  369. IT IS a fair bet that if a humble Polish immigrant called, say, Pawel Romanski had skipped bail after pleading guilty to raping a 13-year-old in Los Angeles 30 years ago, fleeing to France would have done him little good, and his fate, however unfair, would never have become a cause célèbre. Most of the time, international extradition is a boring business involving a lot of dull form-filling, after which wrongdoers are taken back to face justice.

    But add a dose of celebrity, a dash of politics, and sharply clashing cultural attitudes, and things change.

    His whereabouts were no secret: he was invited to Switzerland to receive an award at the Zurich film festival. Some suspect that the wily Swiss set a trap, hoping to placate America, which has been cracking down hard on Swiss tax shelters.

    The witness statement given by Mr Polanski’s victim still makes harrowing reading (though she has long since settled with him in a civil-law suit, and has supported his efforts to close the case).

    Criminal-justice authorities understandably want their reach to be global. But they make mistakes. Standing trial in your own country is likely to give you a better chance of dealing with such errors than if you are hauled into court abroad—assuming, of course, that you come from a law-governed and civilised country.

    https://investforlife.wordpress.com/2009/10/17/stunning-new-development-in-the-capital-blu-forex-case/#comment-21601

  370. His plane had left Venezuela, making stops in Trinidad and Tobago, Grenada, Barbados, and Santa Lucia before flying across the Atlantic to Sierra Leon.

    Upon their arrest in Sierra Leone, the defendants were tried there on drug trafficking charges, of which they were convicted on April 20, 2009. Thereafter, the Government of Sierra Leone transferred the defendants to American custody.

    http://samuellogan.blogspot.com/2009/04/dea-scores-extradition-victory.html

  371. Government is spending over $400 million on subsidy to airlines and tour operators to maintain airlift capacity on both scheduled and charter routes to Jamaica.

    Latest data from the tourism ministry show that government will have to cough up millions to pay for shortfall in AA deal. Up to July 31, operations from the Dallas to Montego Bay route was down US$1,065,823.59 while the Miami to Montego Bay route was down US$572,528.24.

    Under the agreement, American Airlines would retain the surplus if revenue exceeds operating costs, while the Government pays for shortfall if revenues fall below costs. Based on the figures, it seems the Government would have to absorb the cost of lost revenue to AA. In order to secure the arrangements, Jamaica Vacations was advanced letters of credit (LOC) amounting to US$1.5 million per gateway to American Airlines. The Tourism Enhancement Fund facilitated these sums.

    https://investforlife.wordpress.com/2009/10/17/stunning-new-development-in-the-capital-blu-forex-case/#comment-21608

  372. Waiting on the IMF … as public purse goes penniless

    INVESTORS ARE in a wait-and-see mode as they cautiously watch the Jamaican Government wobble towards an agreement with the International Monetary Fund (IMF) – its chosen cradle in the current economic storm.

    Without that agreement, the Government will face another crisis: lack of confidence.

    Wynter was probably the most vocal critic of the alternative investment schemes, like Cash Plus and Olint, which emerged in Jamaica in the last six years. In March 2006, the FSC issued a cease-and-desist order against Olint which it said had conducted securities or investment advice without being licensed to do so by the FSC.

    http://www.jamaica-gleaner.com/gleaner/20091101/lead/lead4.html

  373. no one else can list out the C’s? Unno lazy. then if I do is 5000 blackhawk all over me. Typical yard. Everyone want climb pon back crab inna barrel. No want pay only want credit for what you can’t do.

    Maybe the mood to see the mighty equipment again will come over me and let me f… it up yes.

    Tafari

    Play ace? You must don’t understand …for if you did you would not want it to play NO MATTER WHO YOU ARE.

  374. OLINTJA.COM DOWN

    ANYONE???

  375. Corruption! IMF! Olint! torture! Resignations!

    Which blogger is next?

    Mr. Belcher? Care to contribute?

  376. Who is putting pressure on whom? Corruption is like a pressurized can…you keep adding more corruption, it is bound to explode……………

  377. Is Davis Smith losing or gaining friends?

  378. “Olint TCI Nothing More Than a Ponzi”

    By way of comparison Cash Plus was estimated to have taken in J$28-32 billion dollars. Using an exchange rate of US$1 to J$70 that amounted to over US$400 Million but remember Olint Corporation Limited, Oversees Locket International Limited are not included in the US$200 million dollar figure.

    The liquidation order does not cover those companies. This is were some ‘investors’ now victims will have to look. JIJ investments is an also area that should be of interest but interests in Belize and Panama are worth investigating.
    //////////////////

    Wasn’t that you Jay?

  379. Jay:

    It appears that you think that lose and steal is the same thing….

    Jay, on October 30th, 2009 at 5:53 pm Said:

    @ Tafari,

    You said you invested what you could have afforded to lose, so why are you still here, isn’t time to move on.?

    Why are you still “looking” for the loot ?

    The two are not in sync.

    /////////////

    You know, I have lost money in stocks before…I don’t go looking for it.

    But when your buddy steals my money, well, that’s another story altogether.

  380. “JIJ investments is an also area that should be of interest but interests in Belize and Panama are worth investigating”……………..Your words Jay.

  381. Had a change of heart Jay? Why? Gimme more…speak from both sides of your mouth…It must be a cultural thing…

  382. And the “looking” has borne fruits, Jay. Just that the liquidator can’t touch (not yet anyway) money in Olint Jamaica’s name. As you so eloqquently pointed out, the TCI court order does NOT cover the other Olint companies.

    The trick now Jay is to be able to establish that the monies are indeed linked to Olint TCI. Over one hundred million dollars Jay.

    What do you think about that? So Wantmymoney may get back about 10 cents to the dollar…..Better than “pennies” right Wantmymoney?

    Now I ask the question, why did some on this blog try soooooo hard to get people to turn away from theie money?

    Anyone care to guess? How about you Mr. Belcher?

  383. This message contains graphics. If you do not see the graphics, click here to view.
    New Advanced Trading Strategies
    Learn How at Our Onsite Class

    Market Traders Institute will host Forex Onsite Classes in Trinidad throughout the month of November. Our next class will be held on:

    When: Wednesday, November 4th
    Where: Marriott Courtyard
    Port of Spain
    Forex Trading brought to you by the professionals of Market Traders Institute. This class is at no cost to you, and will provide you with a wealth of Forex knowledge. Market Traders Institute will give you all of the tools necessary to learn how to make money in the Forex market, from home!

    Only those who attend will be able to take control of their financial future with the Forex market. Trading the Forex is an easy way to make money from home with very little down. Let Market Traders Institute teach you the trading methods of professional Forex traders.
    How to identify market direction
    How to make trades without emotion
    Make High Probability Trades
    Clear and proper entry and exit strategies

    Trinidad Onsite Class Schedule
    All classes start at 6:00 PM and end at 8:00 PM

    Wednesday, November 4th, Marriott Courtyard, Port of Spain

    Wednesday, November 11th, Royal Hotel, San Fernando

    Tuesday, November 17th, Marriott Courtyard, Port of Spain

    Wednesday, November 25th, Royal Hotel, San Fernando

    Market Traders Institute, Inc.
    The World’s Oldest and most Trusted, Forex Educational Institution.

    Trinidad Tel: 868-222-2002 | 868-222-2003 Email: mtitrinidad@markettraders.com
    Jamaica Tel: 876-614-3617 | 876-614-3619 Email: mtijamaica@markettraders.com
    Market Traders Institute World
    Headquarters: 1-407-740-0900//////////////////////////

    You going JaY?

  384. Sergeant Belliard is that you?

  385. That MTI seminar in Trinidad will not be well attended. Trinidad has already been alerted to the deception and thievery of these guys.

    I hope they get locked up down there

  386. Jay they have to try and make money to pay out. no joke.

  387. Fort Lauderdale law firm sues founder; one partner says he had ‘no clue’ what was going on

    “His partner and friend, Scott Rothstein, 47, is accused of misappropriating investor funds. The firm and Rosenfeldt filed suit against Rothstein, and hired a former top federal prosecutor to investigate the allegations”

    “Property records show that last year alone, Rothstein bought a $6.45 million Fort Lauderdale home, a $6 million condo in New York and a $2.8 million oceanfront estate in Narragansett, R.I. He also has amassed an impressive collection of exotic cars worth millions: Ferraris, Bentleys, Rolls-Royces and a pair of 2010 Lamborghini Murcielagos — each worth about $400,000, records show.”

    http://www.sun-sentinel.com/news/broward/fort-lauderdale/sfl-rothstein-law-firm-b110109,0,4262229.story

  388. Predictions on the outcome of the case anyone?

    Hopefully the case criminal case will comclude this week. My crystal ball only works in hindsight so I have to wait until the jury is in…..Keeping my fingers crossed for a conviction and maximum sentence…

    Predictions/wishes anyone?

  389. selfprotector
    11/2/2009 6:24 AM
    The fact is, if you live in Jamaica you better be prepared to take care of yourself.

    1. 119 try calling your lucky if you get an answer (the number is backwards for a reason)

    2. Our cops are a sad joke (the only difference between them and the criminals is the uniform)

    3. Guns are power (in a country where gun control has been in effect for 40 years, every criminal is heavily armed and every “citizen” denied the right to defend themselves).

    after seeing so many innocent people i know killed by “the gunman” I am ready to take life. For all you church-mongers out there remember god never saved anyone. Power emits from the barrel of a gun.

    Haha. I agree to this

  390. Tomorrow will be a great day!!!

  391. Available material

    Dr Nigel Clarke, chairman of HEART Trust/NTA, said publicly available material linked the director of the company to Caribbean TVET Consultants Limited, a Grenadian company.

    The Grenadian firm reportedly provides technical, vocational education and training consulting, and other services in the Caribbean.

    In a release, Clarke said Dunn-Smith and Barnett maintained that they had not benefited from work carried out by the company. The two former executives have also said they neither owned shares in the Grenadian company nor were they directors.

    However, both women said they had been asked and had consented to be advisers to the company.

    “The board at this time has no reason to disbelieve Mrs Dunn-Smith or Mrs Clover Barnett, who have both served HEART faithfully and with dedication for 17 years,” the release stated.

    However, the board contended that the controversy caused by the voluntary publication of material suggested a particular relationship between the directors and the company, created room for doubt, undermined HEART and regrettably, the position of the directors.

    http://www.jamaica-gleaner.com/gleaner/20091103/lead/lead7.html

  392. Wantmymoney:

    nah….The day that the jury returns a guilty verdict and the Judge sentences our friend to 60 years with NO parole……That will be a great day.

  393. Concerned Jamaican
    11/3/2009 5:09 AM
    Mr Shaw this is not a political campaign face the facts with the Jamaican people and the IMF and other International Agencies we are running to on bended knees after we waste our money time and effort by not being truthful to our people.You give them false promises false projections in order to win. Now Your Lies Catch Up With You.What About Those billionaires who you have to repay for the election. Beg them to wait The Poor IS Hurting

    Jax
    11/3/2009 5:19 AM
    Does anyone listen to Shaw? This is the guy who defended the alternative investment schemes, and said that the economic recession was not going to affect us. You know the good old saying about empty vessels making the most noise….

  394. Johncrow seh…..put the money under the matress.

    I don’t hear you Nocotec….you at the bank?

  395. Mutty says, he ‘wished’ what Shaw has said could be true.

  396. NCB remains a strong and secure organization with a capital base that is currently the largest in Jamaica. The strategic pillars upon which the organization pursues its business objectives are Innovation, Expertise and Strength. The operating subsidiaries are: NCB Capital Markets Limited, NCB Insurance Company Limited, NCB (Cayman) Limited, NCB Remittance Services (Cayman) Limited, NCB Remittance Services (Jamaica) Limited, NCB Remittance Services (UK) Limited, N.C.B. Jamaica (Nominees) Limited, Mutual Security Insurance Brokers Limited and West Indies Trust Company Limited. The company also pursues its corporate citizenship activities through its philanthropic arm – the N.C.B. Foundation

  397. Company background; Hoffman and his associates are “gangster capitals” from the era of privatization of the economies of the old Soviet bloc. Hoffman owns and operates a holding company/bank called Istrokapital, holding 95%. It is based in Bratislava but has recently been registered offshore in Cyprus. The other two partners are Penta and J and T. Local media lists Hoffman as worth $750 million, with one partner, Peter Kellner as the richest man in Czech Rep/Slovakia at about $7.5 billion. All are secretive and little is written about them.

  398. Misick has cast this as a “green” project of sustainable tourist development. Examples of corrupt dealings. 1) a local entrepreneur—American with a “belonger” partner—had built two new villas for sale near North Beach; Misick forced sale to DevCo through threats of compulsory purchase. 2) The Windmills Plantation, a small scale luxury hideaway and the only development on the key asset of North Beach: owners resisted sale so Misick facilitated requisition of neighbouring lots while DevCo announced that they would destroy their business with encroaching buildings, cut off access through DevCo’s private property, and deny monopoly electrical power. The owners sold. 3) Crown leases held by belongers for family housing needs requisitioned in exchange for small payments and alternative lots created around the rubbish dump and existing power plant.
    ////////////////////

    So how did David get linked to that bank you ask?

    His buddy Misick maybe?……

    David says the money is safe….but is it?

  399. Was Olint money used here?

    This is the project (bear in mind the size of the island): 320 hectares of land; 130 condominiums; 75 luxury beach front residences, $7 million-up; an 18-hole golf course; five restaurants; two sports centres; a spa; a marina for 80 ocean-going yachts; conversion of the “puddle-jumper” airstrip to accommodate Lear jets; barracks for Chinese construction workers and then immigrant service labour; jetty for deep water access; paved highway to replace unpaved track from jetty to project. Construction of power station with monopoly of energy production for whole island; construction of water desalination plant. Estimated cost, $600 million.

    //////////////////

    David called it “an investment”.

  400. Keep your money under the Matress. Better to see it than to look in a passbook and can’t touch it.

    Nonco? …quiet.

  401. Saly Cay project on hold….Money lost?

  402. Hey Wantmymoney:

    Holding your breath?

  403. “As a matter of principle…hahahahahahahahahahahahahahaahahahahaaa

  404. So Derrick Latibeaudiere How olint 200 million go?

    Free to speaaak!

    HAWHAWHAWHAWHAWHAWHAWHAWHAW

  405. Does David Smith have money at the Atlantic Security Bank – Panama?
    Anyone out there can provide more insight.

  406. In all of this, he was aided and abetted by his then boss, Dr Omar Davies. We were never sure who was calling the shots. Indeed, at times Dr Davies seemed not to be governing Mr Latibeaudiere, whose fundamentalist economic theology appeared to remain immune to other policy perspectives from any source, local or international.

    http://www.jamaicaobserver.com/editorial/html/20091103T190000-0500_163094_OBS_MR_LATIBEAUDIERE__A_COSTLY_GOVERNORSHIP.asp

    DPP says she wishes she could clone herself thrice.

  407. Jay asks a trick question…ha ha ha ha

    Jay my dear friend, how cold DS have money in ANY bank? Remember, there is NO money to be had. There is only 13 million dollars left.

    So why are YOU looking, or asking, or wondering Jay?

    There is NO money. Give it up Jay.

  408. March 2, 2010. Wantmymoney, what’s going on dude?

    Did you know that David Smith could repay all Jamaica investors at any time? There is no court order barring him from dealing in Olint Jamaica funds…..Oh…what did you say? He mixed up the money? Well, better still. He could just say that the money he is using to pay for the boat ride is Olint jamaica funds.

    And he doesn’t have to worry about mis-appropriating those funds anyway. he will NEVER be brought up on charges in Jamaica.

    But Wantmymoney, do you know what? DS is betting on a short jail term after which he will have all the money (pennies on the dollar lol) to raise travel the world.

  409. The case was adjourned because of “procedural changes”……Could he be a little more vague?

  410. What is going on Mr. Belcher?

  411. http://www.go-jamaica.com/news/read_article.php?id=13988

    It would appear that Mr. Golding discovered this a few weeks ago, right?

    Wrong!

    IMF? Olint? Cash Plus? Anything to do with the firing?

  412. From: Audley Shaw fitzalbert_2@yahoo.com
    To: David Smith
    Saturday January 1 2007 4:43PM
    David, happy new year to you, your dear wife and family. I am still hoping to get the info on the fx trading by Australia in dealing with their debt problems. Also, I had given Daryl the necessary information to have the thing activated, and he advised me that he had sent you an email in that regard. I’m told you might be here next week. I would like to see you as I have two persons who would like to meet with you. Please let me know. Regards. Audley.
    dsmith@kasnet.com wrote:
    Hi Mr Shaw,
    Unfortunately I am just seeing your email, I will find out how you can get Information on the Australian Govts fx trading and let
    you Know.
    Also My schedule is a little crazy right now when I have a bit more time I will let you Know.
    Also Congrats on the mother of all conferences.
    God Bless
    David

  413. Boy, at 38 mil / annum who needs hyips?? Sheeesh Nutn like curry favour to full belly eeh?? Can I ask a stupid question?? Was Mr Lattibeaudierre’s contribution to Jamaica really worth that much?? Jay? Noco? flori? Noco are you Lattibeaudierre?? 🙂

    • RedP:

      How does Lattibeaudierre (sorry…Nocotec 🙂 )salary/perks stackup with those of Bill Clarke when he worked at Scotia Jamaica?

      What about the monthly $1.9 Million + Consulting contract that Mr. Aubyn Hill is getting from the present administration?

  414. RedP:

    I guess you noticed that Noco suddenly is unavailable…..

  415. There goes the village idiot!

  416. Let’s hear from David Smith’s Ex MP wife of Hayden Boyce

    CUTTING POVERTY ALLEVIATION IS MEAN

    http://www.suntci.com/

  417. Red Ppppppeee! how your email? How does Lattibeaudierre (sorry…Nocotec )salary/perks stackup with those of Bill Clarke when he worked at Scotia Jamaica?

    Nyam out lattibeaudiere yes! time for him to ‘Tell what he knows” CrimeStop

    But leave out ‘CORPORATE RAMMIE’

  418. Heads are rolling…………You want the IMF money? End corruption!

    What an impossible criteria….Oh! We could just print more money…That has worked out fine for us so far….

    Eh Noco?

    • Tafari:

      Why the sudden interest in all things Jamaican? You are not Jamaican; you don’t like Jamaicans, so why meddle in our internal affairs?

      Why don’t you monitor what’s taking place on your little island? We did not solicit nor welcome such intrusion in our private affairs, especially from someone that is ignorant of anything related to due diligence, financial matters or just basic economics. You time might be better spent trying to locate the hidden loot that you think DS has stashed away somewhere in higher land.

      Please continue on your medication…we all know what happens when you are non-compliant…don’t we?

  419. floridian check and some names never mention yet.

    Red P. Is what do them they think they are not seen clearly at the table by floridian?

    Set your bets.

  420. MikeD:

    You have proven yourself wrong so many times. I will moniter, meddle, blog, have “sudden” interest whenever, whatever, wherever I please little man.

    What “little island” is my little island? Didn’t even know I was from an island……

    You are such a dummy.

  421. Due dilligence MikeD? How did this guy end up making 38 mil/year? How did inflation in Jamaica become one of the worst cases in the WHOLE world?

    How did the police comissioner and prime minister take olint money? How is Jamaica ranked so high for corruption?

    Due dilligence? Do they allow you to use words like that in Jamaica?

  422. But wait…I want to take my medication before you answer……

  423. And MikeD:

    Some of my closest friends are Jamaicans…..

    Don’t like you, MikeD…..

  424. Don’t like thieves and corruption…how’s that MikeD?

    Seems there are alot of both in Jamaica…translate it how you wish.

  425. We could have this conversation all day mikey…

  426. Melinda
    11/4/2009 9:30 AM
    I have read the comments and I must say everyone of you amaze me. Everything going on now in the Bruce administration boils down to “PROMISES MADE DURING THE ELECTION”. Look at this, LeeChin, Cashplus, Olint and many more in the business fraternity gave the JLP millions of dollars to run campaign and I know that this must come with a price. Bruce is going through a crisis because he must get rid of all those placed in jobs during the PNP administration so that he can fulfill his promises. I am not going back in the past. I dont care what PNP did before and I concentrating what is happening now and I must tell Bruce that him don’t worth one poop and he is more than embarassed because everybody though he could have done a better than Portia. But guess what I am neither PNP nor JLP but Portia would have done a better job. I am quite sure we know for a fact that there are persons who are bright in the books but not bright in getting a job done and that is Bruce. Amen.

  427. The ‘new’h Observer blog is a riot. The articles are not even being read mostly the comments. Can’t teach an old DOG new tricks? Well done Jay.

  428. Tafari:

    This is how it works in a free market system. You are paid what someone else thinks you are worth. It is that simple. Someone within the Ministry of Finance signoff on that paid package. Now if he did not think the Governor of the Bank of Jamaica was worth that amount, it would not happen.

    I gave you two examples: Scotia pay package for its CEO and the money paid to a Government Consultant. If you want to believe that Derick Latibeaudiere’s salary was the driving force behind his dismissal, then you (as I has always maintained), is intellectually challenged….translation…..a buffoon!! The issue is an administration that is bankrupt of ideas and despite previous proclamations, is now made to eat their own words. What do they do, they use the oldest trick in the book, by shifting blame to the Governor of the Central Bank and/or the Police Commissioner. Let’s see, three Ministers of Security in the very short time span of 2-years? A Finance Minister that is clueless as what it takes to run that Ministry and soliciting ideas from a Forex thief on how to use Forex to balance the budget (kinda remind of you Tafari).

    You and I agree that corruption is rampant in Jamaica. What is debatable however is the relevance of such corruption to you, an outsider and peon? Although I can understand your motivation/burning desire to want to associate with us Jamaicans, I confounded as to what benefits you think you can derive from such alliances. Intelligence, my friend, is not gain by mere association, nor is it naturally acquired by the process of osmosis. It is, by default, something one is born with…yes, genetically gifted at birth. Bottom line, you are a lost cause. In fact, foolishly creating bogus academic credentials will not fit the bill either. Happy internet trolling 🙂

  429. Keep writing MikeD. The more you write, the more you show how stupid you are

  430. OlintJA says DS trial is ongoing.

  431. MikeD, on November 4th, 2009 at 11:39 am Said:

    If you want to believe that Derick Latibeaudiere’s salary was the driving force behind his dismissal, then you (as I has always maintained), is intellectually challenged…

    //////////////////Mike Dummy, did you read this?….

    Tafari Francis, on November 4th, 2009 at 8:28 am Said:

    http://www.go-jamaica.com/news/read_article.php?id=13988

    It would appear that Mr. Golding discovered this a few weeks ago, right?

    Wrong!

    IMF? Olint? Cash Plus? Anything to do with the firing?

    Again dude, you are some idiot.

    • Huh? Are we in agreement? The article you referenced clearly said this:

      …….”Mr. Golding told the House that the finance ministry did not initially say Mr. Latibeudiere was fired as not all the information regarding his contract was available at the time. “…..

      So, let me get this straight, first you fire the man, and then you LOOK for the reasons WHY you fire him? Hmmmmm, again, sounds like the way Tafari does things. Invest thousands of wind fall dollars from his medical/mental case with the Army and then a full year later, decided it was the opportune time to do his due diligence. Hahahahahah…aaaaaa.

      Tafari, when you invest with Olint in April of 2008, didn’t you know at that time, no one (except you of course) was putting money INTO Olint? I agree, that makes you a genius of the highest order……investing in a Ponzi scheme after it has already been declared dead. Hahahahaha…….aaaaaaa. Genius….I wish I was as smart as you….wait, I take that back!

  432. “You is ‘ intellectually challenged….Yes indeed “you is”

  433. http://www.go-jamaica.com/news/read_article.php?id=13984

    Is this a reliable publication ?

  434. MikeD:

    WZhat is your form of corruption? You strike me as a common thief…………

  435. this blog is no longer about olint and cash plus, this blog seems to be about the BOJ.

    They never had blogs in the days of the BOJ scandal did they? The out come might have been different if Siriach was on hand!!!!!

    But if one investigates, like the people on this blog do, they will come to realize that both David Smith and Tracy Smith recieved their business training at the BOJ while they were employed there in their formative years.

    When you really look at it, Olint business strategy does not differ that much from the BOJ business strategy. Both pay excellent returns, both run from telling the truth, however Olint does not have the ability to print dollars while the BOJ does. This minor difference is what has caused all the problem with this whole Olint matter.

    The BOJ can print money, while David and Tracey who worked at the BOJ must have figured they had the same ability as their former employee. This is the whole problem, do you not agree Floridia and Tafari Francis.

  436. Nocotec at work again…………..

  437. Ping

  438. Davies will not offer the Government any more help

    http://go-jamaica.com/news/read_article.php?id=14025

    jedidiah…not sure what you are asking. Tracey smith was at mico and air jamaica? …Cpould air jamaica print money in those days?

    Smith associated with le jeux..JMMB…Cast…loiten…and Moorlands Camp….church .

    Look pwerful people facing off on two major sides. Some other sides involved too. david and Tracey Smith largely redundant at this time. You play cards Jeddidiah?

  439. Certain ‘things’ not related? You think so? Ay bwoy. Poker champioships coming. You have a strong hand?

  440. We need some money…thats what we need!!!

  441. Has anyone heard from American investor (AI)? from Atlanta. I believe he was gathering together some mighty men to do battle with Halmark, Mastercard, Jamaica, and Olint. How has his quest been going. NOCOTEC, ARE YOU OUT THERE?
    -Ter

  442. Interesting developments at BOJ.

  443. Wantmymoney have we now moved from wanting money to needing it?

    Look money is the root of all evil we don’t need it. Listen this case is a good example you know how many are going to prison true ‘run down money?’

    • @floridian
      Look money is the root of all evil we don’t need it. Listen this case is a good example you know how many are going to prison true ‘run down money?’
      ———————————————————————————-
      Correction-
      The LOVE of money is the root of all evil.

  444. 38 mil/year….

    Even in Jamaica dollars ( what is it now? 5 thousand to 1 US?) that is quite a bit. Is anyone worth that?

    I wonder what secrets he has or what favors he did to earn that salary – plus other benefits.

    Hey MikeD, I’m moving to Jamaica. Talk to some of your friends… a crazy, no-due-dilligence doing, stupid, greedy Olint investor like me would FLOURISH in that country of yours.

    I wonder what my salary would be….2 trillion Jamaica dollars a week maybe?

  445. I am taking over the BOJ….With my credentials as an Olint investor, they might want to make me Prime Minnister…But nah. I’ll take the job at the bank. Then after investing in a few more fraudulent schemes, I could create a blog and “warn” people about the fraud in jamaica…..

  446. That’s JA$ 7,30769.00 per week

    Assuming JA$ 69 to the US, that would be about US $10590.00 per week. WOW! Someone please check the math…..How about you MikeD? You defended it…

    While many Jamaicans can’t buy a bread. The bankers and polititians using up international aid to live like kings.

    MikeD…I’ll be in Jamaica this week. You will see me at the press conference….

  447. @tafari
    @ 89:1usd, 38 mil is approx 427K/annum = 8211.usd/week

  448. http://www.olintja.com/blog/defaultacrchive.aspx

    What a list. Politicians, druggist, doctors lawywers, advertising execs, bankers….etc.

  449. WZhat (Tafari word) was the salary ofr Brazilian Football coach, René Simoes, when he coached the Jamaican Foot team?

    It was US$600,000 per annum + perks for what amounts to a part-time job!!! Why shouldn’t the Governor of the Bank of Jamaica make $427k per annum.

  450. Hallmark Trust Limited
    P O Box 656, Tropicana Plaza
    Providenciales, Turks & Caicos Islands

    OLINT TCI CORPORATION LTD. Updated: 5/8+E25/07
    BANK ACCOUNT(S)
    REFERENCE DATE DEBIT CREDIT US$ BALANCE

    Total: $0.00 $0.00 $0.00

    INVESTMENT ACCOUNTS
    DESCRIPTION DATE QUANTITY PRICE/SHARE US$ VALUE
    HTL Trust Acc’ts 5/8/2007
    – Corporate – HTL & Noble $10,185,104.50
    – HTL Trust Acc’t $0.00
    – FCIB CD # 10391928 $5,000,000.00
    – Noble HTL in Trust # 2 $5,185,104.50

    – Member Funds – HTL Trust Acc’t $42,597,260.45
    – Unidentified Member Reserve Funds $1,000,000.00
    – Source of Funds Required – NOT CR TO CLIENT $3,270,988.16
    – Total Member Funds $46,868,248.61

    – Redemption Offsets from Member Funds ($49,885,948.93)

    Transfers to Investments
    – Itrade FX 5/8/2007 60,098,412.16
    – Market Traders Institute 5/8/2007 2,000,000.00
    – TCI FX Traders 5/8/2007 40,000,000.00

    Total: $159,151,765.27

    TOTAL 5/8/2007 $159,151,765.27

  451. Very sad. Migration on the Rise. People with good jobs. Scramble to buy $US. Devaluation?

    Deacon you really did it to them. Hallmark Bank???

  452. People, people people, where is the lecturer?

  453. Conflicting reports….

    Trial ongoing

    Trial put off to March 2, 2010

    Which is it? Who is doing the reporting? BOJ?

  454. I genuinely miss the lecturer…I don’t know why, how, who, when, if, and I don’t have the psychosomatic analysis.

    Dear friends, can someone find the lecturer?

  455. Tafari

    Defense sought delay (Expected)

    March 2nd 2010 (Inquiry.)

    Trial Date? July 2010 (maybe.)

    18,000 claimants.
    )
    Price/Connely to eat out more and more (Predicted/expected)

    TCI and Jamaica are ISLANDS Tafari…ISLANDS what is it you don’t understand? What has Smith been told?

    Wantmymoney/Needmymoney what is it you don’t know about Islands and the runnings? No Ace…no pay.

    At least the Cash Plus people going to have a Christmas or so the liquidator said.

  456. Or so the liquidator said……………

  457. Most all of you will have to live looking at the very persons who took your life savings.

    Day in Day out for the rest of your days.

    You’ve been had…not just by Smith.

    • We been doing it for 2+ years now…matter of fact we weren’t satisfied with giving them our savings!

      We still giving them our money as we earn it!

  458. Dude you are cold………….

  459. as ice…

  460. Floridian

    This comment is not true

    Defense sought delay (Expected)

    The defense has not even gotten to that point as yet…. The prosecutor is still in the drag out and buy time mode ….

    The defense will start that next year PLLEEEEEAse stop giving people false hope by blogging lies

  461. Prosecution is ready…I told wantmymoney and everyone else here eons ago that the case in TCI is largely irrelevant.

    Island is Island….and buyland. defense and prosecution and ‘santa’s helpers’ do what ever they please. Them free.

    David and Tracy Smith et al don’t need no false hope from me. enough of that they get from their boss. Dem not short of that.

    plus dem have you riva…hope you stay around.

  462. Jay I have always called for the blog to be shut down. Not much hopes for the victims in that.

    Again I call. Shut it down Jay. Blinkers….better stakes.

  463. riva..a trial is right on time.. few weeks….for free.. on the house.

  464. Questions, questions….

    What of TCI FX Traders? Where is the pool of money apart from the 13 mil?

    Has the courts released the TCI FX funds?

    Who determines whether the liquidator keep going until all 13 mil is done?

    Is the judge sharing the loot with the liquidator?

    Any conspiracy to use up every penny? Could that include the police?

    Where was the 2000.00 per week coming from? And why would that guy be allowed to spend 200.00 per week of the stolen funds in the first place? Isn’t that court-ordered insult to injury?

    Why is DS still telling feeder clubs that he has the money put away for them?

    Why is DS not worried?

    Why is DS saying “just get me a boat to take me and my family away from here and I will repay the initial investment?

    Why are members of the TCI FCU blogging here anonymously?

    Why is Mr. Belcher not telling the people all he knows? (full hundred…)

    Where is the lecturer?

    Which bank is (was? lol) the lecturer associated with?

  465. who is the lecturer?

  466. Read the blog Wantmymoney….you are sure to come upon a lecture…usually very condescending lectures…..
    you know who……but I think you will find that since things are shaking at the bank, the lecturer may be a little reluctant to post…..

  467. This blog is DEAD! It is only used by TCI FCU.

    Is that where you work Jay???????

    Is this new police work???

  468. Wow….

  469. 10.Napoleon said (#4 Bus)
    October 21, 2009 at 8:52 am
    Wow! This blog is quiet…This could mean a number of things, including:
    /////////////////////////////////////////////////////////////////////////////////////////////////

    Some people change their blog name and make a post and turn around answer their own post. Wow…

    Don’t you know that the blog, like a woman, it has its cycle? Shop lock!

  470. Dear All,

    It would seem that wireless expressions/Olint Blog is GONE FOR GOOD

  471. Hey Mr. Belcher:

    An ace of spades..Oh the implications……..

  472. ttt

  473. Let us keep the conversation going…..

    Watching closely…..Like TCIFCU, like BOJ, like NCB, like members of the JA police and JA government ministers…everyone is watching closely.

    Don’t miss the forest through the trees…..

  474. Still more questions….

    Conspiracy?

    Who are the parties?

    What is the lecturer’s role? Did a man of his high stature use a mere blog to try to bring down Olint or is he a part of a much bigger conspiracy with millions spent to that end?

    What is the link? What is the link? Nancy, do you have any answers?

    Ace of spades?

  475. Mr. Chin:

    Why yuh nuh pat the people them? Mih bored!

  476. Another Ponzi Scheme bites the dust. This one ran by a prominent South Florida Attorney:

    $500 million and counting!

    http://www.sun-sentinel.com/news/local/breakingnews/sfl-rothstein-speaks-bn110909,0,1464992.story

    //////////////////////////////////////////////////////////////////////////////////////////////////////
    Federal agents seize Fort Lauderdale lawyer Scott Rothstein’s luxury property

    FORT LAUDERDALE – Federal authorities this morning seized yachts, sports cars and other luxury items belonging to Fort Lauderdale lawyer Scott Rothstein, who returned from a trip to Morocco last week to face a fraud investigation…….

    ………Rothstein, 47, has been accused by investors in an alleged Ponzi scheme (by selling them fabricated employment-discrimination settlements and then stealing their money) of stealing hundreds of millions of dollars ($500 million +) and by his law partners of crippling their firm, Rothstein Rosenfeldt Adler……..

  477. The big man not paying anymore so everything goes dead…no need to be the good samaritan of the fraud world anymore. Damn…even Floridian went to sleep….Didn’t know you were on the payroll Mr. Belcher. Damn damn damn……..I was right all along…Now that is why I got so deep under their skins…..

    Olintja.com…..May God Have Mercy On Your Souls!

  478. What the hell was this all about?!

  479. This whole thing is getting to be really ridiculous….The previous link that used to be OlintJA is now the facebook site for Sterling Asset Management….mi just tired of all this bull

  480. Interested:

    What are your interests? Do you want to hear about the conspiracy that exposed the Olint fraud?

    Do you want to know how the efforts of the banking industry actually provided cover to Olint?

    Do you want to know how many big men actually got money from David Smith even as late as June 2008?

    Do you want to know who Nocotec is?

    Do you want to know why Floridian suddenly went from the life of the blog to AWOL?

    Do you want to know why Olintja suddenly went dead?

    May God have mercy on your souls…………..

  481. @Tafari
    Send on the full hundred nuh? Or is more hot air and promises like floridian?

  482. @ tafari
    Many of us have been frustratingly reading the blogs for the last two years now almost just wanting to hear the truth and all now is just pure rumour, hearsay, innuendo and rhetoric. Soo, if you have the beans please spill them, if you dont then dont gwaan like you do please, it just frustrates ppl more, which we can do without. So beg u do, if u have full hundred, run wid it and start type.
    Peace

  483. It is odd how the main bloggers have disappeared since last week. Early Christmas vacation?? Whats going on Jay?

  484. It is odd indeed RedP.

    Is that the only thing you find odd?

    Never found it odd when I said that it was strange that the good samaritans were calling greedy, stupid, crazy, the same people they were going above and beyond the call of duty to help?

    Wasn’t that a strange irony?

    There is never smoke without fire RedP. So go back throughthe smoke. You are bound to find the blaze….

  485. You see RedP, as it turns out, it appears that David Smith was indeed using Peter’s money to pay Paul…

    But is that the whole story?

  486. I ask questions to make you think RedP……

    Do you want answers as a means to an end or just as gossip?

    But we should keep the conversation alive…shall we?

  487. @Tafari
    1. Some of us have accepted the loss, moved on but still desire to know the truth and see justice done. Hence we read the blog and put in our two cents now and then.

    2. Some have not accepted the loss, desire to know the truth and see justice done and hopefully regain some of what was lost. Hence they read the blog and put in their two cents now and then.

    3. Some seem to be here with a desire only to be heard, whether to mislead or not and to frustrate or not. Seeming to only post to boost their ego. Claiming to be in the know but never ever divulging info. The only thing displayed is their arrogance and pompoussity. Hence they read the blog and add there ninety eight cents.

    I fall in category one, I have moved on, I’ve managed near two years without the funds I placed in olint by God’s grace, but I still desire to know the truth. that’s why i am here. Not for gossip, not for an ulterior motive. Just a desire like MANY to know the truth and see justice done.

    I dislike smokescreens, parables, riddles and round the bush talk. If a man cant talk straight and shoot from the hip, he either has something to hide or nothing of consequence to say. My two cents. Let truth prevail.

    Peace

  488. My three cents have been said. There is only one ace to be dropped…..And I was only dealt the ace two weeks ago…..Nocotec.

    It has not been played because at this point it has no effect on the outcome of the game…But it will surprise EVERYONE who doesn’t already know….

    RedP, most of the information surrounding Olint is now public knowlege.

    The “players” of the blogs have tried time and time again to convince everyone that Olint’s money is ALL gone.

    But RedP, not all the money is gone. Money has been located that is linked to David Smith. The trick for the liquidator is to link the money to Olint TCI.

    For those in Jamaica who still believe in David Smith, it would be their hope that that link is NOT made or the money will be siezed and paid out to Olint TCI investors.

    For Olint TCI investors, the hope would be that the money is linked to Oint TCI so that a request could be made to the country where the bank is to retrieve the money….

    Notice the lines in the liquidator report where he eluded to David Smith making no distinction between both funds….While that may be true in some cases, it is the liquidator’s first card….or his second or third depending on your perspective…

    So my friend, you could sit there eyes wide shut or you can put two and two together….you will more than likely get four – everytime.

  489. And RedP….You nust have really hated this blog if you dislike smokescreens…..

    This blog IS a smokescreen….

    Did you ever read the reasons I was given when I questioned the motives?

  490. Anyone who questions the motive is labelled crazy, and delusional…ever wonder why?

    And how did Floridian suddenly die? This guy blogged daya and night…consistently and continuously….then Olintja went dead and this guy dissappears….But not before Nocotec dissapears a week before….

    Is it “mission accomplished” for those who worked tirelessly to undo these scams (especially Olint)? Or is it a mere coincidence?

    These questions are not games…thay are prods to make you think….

    • Tafari

      I am so glad u have brought some objectivity to the blog…..the blog authors are a set of LIARS!!!!!!!!!!

      They come on and lie every night saying they have no agenda…..liars!!!!!

      People mi feel DS have some money and mi nuh wha dem turks ppl tek it wey!!

  491. RedP:

    The blog is open…information is out there…You can look for yourself. Why do you need the “main” bloggers?

    You want to keep the conversation going? Keep talking. And when the finally shut down this blog (as they eventually will) find another forum…..

  492. Hmmm.. all interesting stuff. i wonder if my old suspicions of ppl being paid to post here are true. Say it aint so Jay, I’ve actually come to respect some of you. Would be disappointing indeed if that were really so.

    • RedP

      It makes perfectic sense i have always said these guys have CLEAR motives….move on, no money is there, u won’t get back anything….

  493. Stunning new developments indeed 🙂

  494. He added that there were several troubling issues surrounding the loans, including the lack of evidence of a loan agreement with the Bank, a matter which has attracted the attention of the Auditor General.

    http://www.caribbean360.com/News/Business/Stories/2009/11/05/NEWS0000009373.html

  495. Mr. Latibeaudiere also serves as Chairman of the Board of Directors of the Sugar Company of Jamaica (SCJ)[3] and its subsidiary companies. He is a member of the Board of the Jamaica Deposit Insurance Corporation (JDIC) and was appointed Special Advisor on Racing to Jamaica’s Minister of Finance and Planning. Mr. Latibeaudiere also served as Director of the country’s national airline, Air Jamaica.

  496. Dang!! Busy guy, maybe Noco deserved the 38 mil. after all. LOL Kinda reminds me of the guy they used to call “god”, Vin lawrence, was chairman of 21 govt. entities. Wonder how much he got paid? Musta been at least double. haha Boy this is truly a rich country I guess.

  497. Is that who he is?

  498. Olintja changed again RedP…..Tired of smokescreens?

  499. Dont have a clue who noco is, nor really care actually, just having fun.
    Vin Lawrence was a throwback to the old PJ patterson administration. PJ’s best buddy, a public servant with a heck of a lot of clout. Chairman of 21 statutary bodies the main one being the UDC which was at the center of the Sandals Whitehouse scandal for massive cost overruns and shoddy work and shady dealings. They used to call him “god” because of his near untouchable status. “God” was deposed by the current administration ala BOJ Govenor. Its all politics tafari, all BS politics. A never ending game in this country. Akin to stacking the senate in the states, when a new party comes to power here they clean house in most of the public ministries and put in the party faithful, regardless if they can do the job or not.
    Backward ass set of people we are. Thats why this country cannot move forward, we are awash in tribalism and corruption from the top right on down. In public and private sector. As a former minister once stated (not verbatim) “In Jamaica, he who plays by the rules gets shafted”.
    Unfortunately that is the first time I can recall a politician speaking the truth.

  500. RedP,

    I am still here brother, has not been blogging to much because I have been really tied up doing 2010 planning.

    Re: being paid to blog, ” nah man mi nuh inna dem tings deh”.

  501. Is the receiver screwing you?
    Westgate judge scolds lawyers over billing
    NEW YORK – A testy federal judge on Monday chided attorneys overseeing what’s left of a Saddle River man’s alleged Ponzi scheme, criticizing how high-priced lawyers and paralegals have billed for menial tasks such as delivering a letter to court.

    http://www.northjersey.com/news/business/69632992.html

  502. Dear RedP,

    I have read these blogs for the hope of understanding the extent to which this sordid affair extended BUT to no avail. Everyone on this blog have been throwing up smokescreens because everyone has their agenda…..

    I can tell tell you though that my dear mother once told me:

    The mother sucks the grapes of wrath and set the childrens teeth on edge…..

    No worries man….no good deed EVER goes unpunished….that is why Jamaica is MIRED in filth…..we have sown the wind and are reaping the whirlwind…..

    WE ARE ALREADY IN HELL

  503. Interested:

    Are you waiting for someone to come to your living room with a brochure? Even David Smith’s private emails were published online……More information has been made public than probably any other scam in history…..

    What else do you want? A translation? Are you not capable of computing the huge mass of information?

    Read it all, hear what is said and what is not said and develop your own perspective…..These blogs are a gold mine of information…….

    The TCI FCU and the FBI uses this blog……They told me so…….Think about that

  504. Jamaica is mired in filth because many Jamaicans are innately corrupt. It has become deeply rooted in the Jamaican culture to be vile, and immoral and corrupt.

    It is expressed in the music, the pasa pasa, the political corruption and the current recession.

    The few decent, hard working, simple, humble Jamaicans left may soon realize that to survive in that country they may have to grow fangs…..

    Then may God have mercy on your sould.

  505. @ Wantmymoney,

    So what have the authors of this blog done to be called lairs. Its not the first that we have heard that, but for the most part we have ignored that and will continue to do so.

    A blog is a open mode of communication which anyone can use, so if the TCI FCU, the FBI, the JCF or any other law enforcement official chooses to use it then so be it.

    Again we have no hidden agenda and do not work for law enforcement.

  506. This is hilarious.

    Higgins Warner provides investor update ?

    Below is a copy of an update which was said to have appeared on the Higgins Warner website.

    Update from Higgins warner

    From: Office of the President
    Subject: Confirmation that your file is complete
    To: “Treasurer of Higgins Warner Group”
    Date: Wednesday, 28 October, 2009, 10:40 AM

    Higgins Warner Group of companies accepts your file.

    Once I am able to start the payment process I will start to pay against this amount until the entire balance is paid.

    Once the funds are ready and I have Budget I will immediately starting doing bank wires and confirm the amount that is being send. You will receive your first bank wire no later than in 30 days, however at this time I still cannot confirm what the first amount will be until the loan from the Swiss are released which should be shortly.

    Now always bear in mind that this is a recovery process and what that means once you start receiving payments, until WFI start bringing revenues from advertisement sales in the
    US and Europe for 2010, until then you will receive a small payments every month until WFI starts permanent broadcasting on US and European networks as well as our merchandising line of cloths.

    “Sir Max Higgins”
    Emile Maxim St. Patrick Higgins
    President/CEO/Chairman

  507. You cannot commit on vague commitments. Is there a business plan? Are the people ready?

  508. Why do not anyone comment on Olint’s U.N. account?

  509. Just a curious question where is May Daisy?

    Bway this OLINT thing is strange ……

    I have seen the “missing funds”brought a lot of older people to their knees. If DS was not trading he will need to have many many more kids to bear the burden of the curse he has called down on himself and his children.

    If he was above board and the many people who vowed to distroy DS have been victorious then we will all see the outcome……..

    Tafari and Wantmymoney have you seen that PondiRiva have caught bloogers telling lies and they have not defended themselves.

    If note I say IF DS have the money I hope we will get it in time to ease the serious problem that is looming at BOJ under the lovely new governor Brian Wynter what a fantasy!!!! lol

  510. Can you read between the lines

    Some say a contingency plan is emerging and that it entails the targeted one and some of his cronies slipping quietly away to some place where there are no treaties.

    Read again and again, do you hear what I hear ??

  511. Why don’t you comment on Olint’s UN account AML?

  512. Jay:

    Have you met Nocotec? Do you know who he is?

  513. @ TF

    As JonDoe said a while back, we just kinda of got together on the net to deal with the inaccuracies and deception that was being spread on the net re the ponzi schemes.

    We do not know each other personally and really have no intention of seeking to know each other in person either. Thats not required for what we do here.

    Why is that important to you?

  514. Here is why Jay……

    Jay, on November 11th, 2009 at 6:45 am Said:

    @ Wantmymoney,

    So what have the authors of this blog done to be called lairs. Its not the first that we have heard that, but for the most part we have ignored that and will continue to do so.

    A blog is a open mode of communication which anyone can use, so if the TCI FCU, the FBI, the JCF or any other law enforcement official chooses to use it then so be it.

    Again we have no hidden agenda and do not work for law enforcement.
    ///////////////////////////

    How do you know Jay?

    You know Jay, you always struck me as a straight u kinda honest, decent, unconfrontational – basically decent guy. And no one seems to be able to tell who you are.

    But not so much your comrade. Nor Floridian for that matter. Floridian knows that I know who he is…and so does Nocotec.

    You, on the other hand, are a sort of enigma…..but because I believe in the decency of people, I take you at face value…..

    How do you know Jay? How do you know that “we have no hidden agenda and do not work for law enforcement” and how do you know who Nocotec is or works for if ” We do not know each other personally and really have no intention of seeking to know each other in person either”?

  515. Are you taking Nocotec at his word sort of like I took David Smith at his?

    Everyone has a scam Jay. …..

  516. And “johndoe”? The unknown? Do youknow who he/she is?

  517. ……..It was also alleged that between February 18 and 24 2008, Smith stole $4.6m belonging to Olint TCI Limited…….

  518. Why is it important Jay? Why is it important to you and Nocotec and Jondoe what people do with their money?

    You seem to have gone above and beyond the call of any good samaritan to set up this blog JUST to warn people, right?

    That and I have the title to Mars and Saturn..will sell them to you for 10% of your forex trading profits.

  519. @ Tafari.

    Haha – There is always information that does not get published on a blog, so we will keep it that way.

    You did not only take David Smith word for it, you gave him a ton of cash to trade on your behalf, not because he said he was a good trader, but because others say he was a good trader.

    You allowed yourself to believe something that was statistically impossible over a protracted period of time.
    You allowed yourself to be conned because you believed you could make a quick money and then get out, is that so?

    You feel victim to the PR machine which made you ignore all the warning signs.

    But then you invested what you could have afford to lose.

    My investment in this blog has been my time and knowledge, and even if Nocotec and JonDoe are not who I believe they are, my loss would be $0.00.

    I have however benefited significantly and have broaden my knowledge base, based on the information that have come up on this blog and I will continue to share with I have with anyone who is willing to listen.

    The benefit here is not monetary I may add 🙂
    RedP thats for you.

  520. The benefit here is not monetary I may add 🙂
    RedP thats for you.

    If u say so Jay. Its all good. 🙂

  521. Want to help the receiver (well he reads the blog himself), have him check out Atlantic Security Bank Panama !!
    🙂 Is that a treasure chest or what?

  522. They have offices in Cayman as well as Miami, apart from that which is in Panama.

    Tafari put your PI on this one and report back on what you found. 🙂

  523. Jay….what’s up dude? All you did was state information that is already public knowledge……You didn’t even attempt to address the question at hand…How do you knoe Jay?

    HOW DO YO KNOW? Or are you a part of the conspiracy?

  524. Tafari Francis, on November 12th, 2009 at 8:34 am Said:

    Here is why Jay……

    Jay, on November 11th, 2009 at 6:45 am Said:

    @ Wantmymoney,

    So what have the authors of this blog done to be called lairs. Its not the first that we have heard that, but for the most part we have ignored that and will continue to do so.

    A blog is a open mode of communication which anyone can use, so if the TCI FCU, the FBI, the JCF or any other law enforcement official chooses to use it then so be it.

    Again we have no hidden agenda and do not work for law enforcement.
    ///////////////////////////

    How do you know Jay?

    You know Jay, you always struck me as a straight u kinda honest, decent, unconfrontational – basically decent guy. And no one seems to be able to tell who you are.

    But not so much your comrade. Nor Floridian for that matter. Floridian knows that I know who he is…and so does Nocotec.

    You, on the other hand, are a sort of enigma…..but because I believe in the decency of people, I take you at face value…..

    How do you know Jay? How do you know that “we have no hidden agenda and do not work for law enforcement” and how do you know who Nocotec is or works for if ” We do not know each other personally and really have no intention of seeking to know each other in person either”?

  525. You are late Jay…….Months late. Atlantic Security Bank? Did you not read my posts months ago?

  526. Not monetary Jay? Well, is it just the satisfaction that you have saved the world (purely good samaritan type stuff) from these evil scammers?

    Really Jay? When you gonna make a bid on that planet I’m selling?

    Oh! I forgot…you and the crew are too smart for that…that’s for the “stupid” Olint investors, right?

  527. Jay, since you ad your pals are so committed to helping others (purely as a good samaritan sort of thing) why don’t you investigate and get back to me when you do?

    You guys are so full of ##it!

  528. Jay, on November 12th, 2009 at 11:25 am Said:

    @ Tafari.

    Haha – There is always information that does not get published on a blog, so we will keep it that way.
    ///////////////////
    We know Jay, we know!

  529. When are we going to see the government ministers and members of the opposition who facilitated the Olint scam and used Olint’s millions on their campaigns (and big cars) held accountable?

    Is the prime minister of Jamaica going to be asked to at least pay back the money? Or is it acceptable for the government to LITERALLY steal from the people?

    Does the liquidator have the balls to ask them to repay the money?

    Well, did they steal from Olint Jamaica or Olint TCI? And if the liquidator does not have the court ordered authority to ask for the Olint Jamaica money back, are we EVER going to see a court in Jamaica order the clawback from these government officials?

    The term “insult to injury” has a new meaning. It is difficult enough to know that you were scammed and taken for all you have. It is devastating to know that your own government officials spent your money.

  530. Tafari

    Let us say everything you say above is true. …….

    The question is did DS give the money to both parties as part of a scam or as party donation.

    If it was a part of the scam well you know the Gov is not going to go under for 10 thousand jamaica so we are dead in the water.

    If it was general beg and get donation for election Then we can asume that DS knows sombody in GOVt now who can be spoken to ………..

    How will it help us to implicate the govt as a criminal in the OLINT saga when the facts are not known

    The blame the Govt take side with PNP or JLP has never helped before

    Why dont we take the side of our MONEY or LOSS of same

    This blame the world is either complicating the issue or creating trap doors for DS to escape through

    Come on folks we might have been silly to give DS our money but do we have to let him get away with defrauding us!!!!!

  531. L&LL:

    David Smith was NOT trading FOREX. Any money given to ANYONE was stolen from someone.

    Do you really not get that?

    Isn’t receiving stolen property a crime in Jamaica? Guess not.

  532. Whta was the overcome of the court case from last wek .

  533. Justwanttoknow:

    Scroll up…..

  534. Hmm, olintja.com isn’t loading right now.

    The computers that run olintja.com are having some trouble. Usually this is just a temporary problem, so you might want to try again in a few minutes.

    ////

    Didn’t get paid so you just turn off the computer dude? Look man, that was quite a bit of money..did you not save any to pay the light bill?

  535. @ Tafari.

    You curse the blog owners here, but guess what, we are the only one left standing that is providing any information to Olint and other scammed investors.

    The bloggers have for the most part stopped posting and seems to have decided that its time to refocus their energies on trying to recover some lost ground.

    Its no doubt a difficult road ahead, but Jamaicans are resilient and will find a away out.

    One lesson that one must take away from this is that greed always end in disaster.
    In the 1990’s interest rates in Jamaica was as high as 44% per annum, which culminated in the 1990’s financial crises.

    The financial crises caused by the subprime market is another example how greed ends in disaster.

    The Ponzi crises in Jamaica and the wider Caribbean, was therefore a given. The only problem is here in the Caribbean most of the Ponzi operators are still free on the streets and still have access to their loot vs USA where many have been sent to prison.

    Caribbean nationals have for the most part remain silent in the public, as many are ashamed to admit they have been scammed. This has thus allowed the operators to make good their escape plan accompanied by their loot.

    Will we see any ponzi operator operator in prison, I don’t believe so.

    Stanford was “unlucky” to have been caught in the USA. hence we will most likely serve time.

  536. Yes Tafari got your response ti l&LL

    The money used to pay workers is that stolen money that should be returned to us

    riva

  537. I agree Jay…

    Is that your way of calling for an investigation to be opened in jamaica into the Olint scam?

    Thanks for keeping the blog open too. We need to keep the fire burning…for different reasons of course……………..

  538. Caribbean nationals everywhere:

    No matter what Jay and Nocotec says, there is nothing to be ashamed about if you were scammed.

    The ones to be ashamed are the scammers (and Jay and Nocotec).

    They use words like greed to make you feel ashamed….There is nothing wrong with investing. And if you happened to invest in a scam, please don’t fall for another scam as the operators of this blog are attempting.

  539. Capital & Credit Merchant Bank is regulated by the Bank of Jamaica and the Financial Services Commission. The Bank is an Authorized Foreign Exchange Dealer, and is also approved by the Development Bank of Jamaica and the EXIM Bank as an authorized lender. CCMB is a member of the Jamaica Deposit Insurance Corporation scheme (JDIC).

    Jay, what of that? Some things are not to be posted on the blogs, bright?

  540. @ Tafari.

    There is investment and their is speculation, though we sometime use them interchangeably, they are very different.
    Those who placed their money was involved in speculation and not investing, so their were really speculators.

    What of CCMB- I don’t understand the point that you are trying to make.

  541. Who helped David Smith with the running of his Ponzi scheme and will those persons be charged?

    http://www.latimes.com/business/la-fi-madoff14-2009nov14,0,2366083.story

  542. Of course you do Jay…Of course you do. You understand well.

  543. So you are suggesting Jay that these “greedy” “speculators” should be ashamed?

    And not file claims Jay? Or not attempt to expose the Jamaica government for refusing to charge David Smith and his cronies? Or not hope to get their money back? What should these “greedy investors” do or not do now Jay?

  544. Jaay:

    It is my guess that DS had no such computer programmers. Especially I saw evidence that the Jamaica FSC saw evidence of a ponzi during their raid.

    Why did they then go cold on the guy? Was it pressure from the government and police to let Olint alone?

    Ask Nocotec.

  545. The next great trade, when will it happen?

    http://www.newsweek.com/id/221924?GT1=43002

  546. We helped DS

    People including the PNP govt at the time warned us and we said go to hell and gave DS our money

    We dont trust Govt whatever they say we do the opposite and whatever goes wrong we blame them

    Mostimes we a right !!!!!

  547. I came across this post on a blog a few days ago. Interesting stuff. reminds me of a few posts on this blog////

    Prof. Johnson –

    You should be careful making a post like this, because it will almost certainly bring the banking industry shills out of the woodwork.

    As a public service to those who accidentally read the shills’ tripe, here is a brief shill-to-English translation dictionary.

    “Right now we need to focus on turning around the economy” = Give your money to the banks, right now.

    “counter cyclical policy” = Give your money to the banks, right now, and do not attempt to control how they spend it in any way. (After all, we are in the DOWN leg of the cycle, right? So right now, counter cyclical policy must mean lots of taxpayer largesse and relaxed regulation. Ironically, this is exactly the opposite of what Prof. Johnson and Prof. Rajan mean, but shills are masters of doublespeak.)

    “Let the banks earn their way out” = Subsidize the banks.

    “I haven’t seen any good alternatives” = The alternatives would reduce the power and wealth of the largest banks, which is unacceptable.

    “After we get out of the recession, …” = (Meaningless.) You can stop reading right there. Shills know that they can propose to do anything tomorrow because tomorrow never comes. By then, they will long since have slithered back under their rocks, because their services will no longer be needed. It is only during a crisis that any change is politically feasible, and since the banking industry’s only goal is to avoid that change, now is the only time you will hear from the shills.
    /////

    Remind you of anyone?

  548. I came across this post on a blog a few days ago. Interesting stuff. reminds me of a few posts on this blog////

    Prof. Johnson –

    You should be careful making a post like this, because it will almost certainly bring the banking industry shills out of the woodwork.

    As a public service to those who accidentally read the shills’ tripe, here is a brief shill-to-English translation dictionary.

    “Right now we need to focus on turning around the economy” = Give your money to the banks, right now.

    “counter cyclical policy” = Give your money to the banks, right now, and do not attempt to control how they spend it in any way. (After all, we are in the DOWN leg of the cycle, right? So right now, counter cyclical policy must mean lots of taxpayer largesse and relaxed regulation. Ironically, this is exactly the opposite of what Prof. Johnson and Prof. Rajan mean, but shills are masters of doublespeak.)

    “Let the banks earn their way out” = Subsidize the banks.

    “I haven’t seen any good alternatives” = The alternatives would reduce the power and wealth of the largest banks, which is unacceptable.

    “After we get out of the recession, …” = (Meaningless.) You can stop reading right there. Shills know that they can propose to do anything tomorrow because tomorrow never comes. By then, they will long since have slithered back under their rocks, because their services will no longer be needed. It is only during a crisis that any change is politically feasible, and since the banking industry’s only goal is to avoid that change, now is the only time you will hear from the shills.
    /////

    Remind you of anyone? Anyone at all?

  549. http://www.jamaicaobserver.com/magazines/Business/html/20091112T200000-0500_163706_OBS_OLINT_MEMBERS_STILL_IN_THE_DARK.asp

    Although Jamaica’s Financial Services Commission (FSC) deemed Olint to be unlicensed and so operating unlawfully, it has yet to unequivocally declare the David Smith-led operation a Ponzi scheme, with Smith
    far from proving himself a hotshot trader capable of continuously generating returns of 10 per cent per month.

    Since Smith’s arrest, after he moved Olint to the Turks and Caicos, the FSC has made no pronouncements on Olint, nor has the government for that matter. Olint’s liquidator has come the closest to giving an account of what transpired when he said: “The pattern of receipts and payments indicate that the main function of the Hallmark/ Olint account was to collect money from members (US$220 million) and then meet redemption requests from members (US$156 million). We can find no evidence in our analysis of the source and application of funds of any trading profits being received in the bank account to meet these redemption requests.”

  550. Olint: dead
    Olintja.com: Dead
    Floridian: Dead
    MikeD: Dead
    Johndoe: Dead
    Nocotec: Dead

    All at once!

    Jay: Well Jay still trying to provide cover and concealment. Right Jay?

  551. @Jay, on November 16th, 2009 at 7:13 am Said:

    @ Tafari. You curse the blog owners here, but guess what, we are the only one left standing that is providing any information to Olint and other scammed investors.

    I have been busy and just get to check in every now and then to read the rants of Tafari. It is like sport watching that dude twisting in the wind… He says he knows who I am but when RedP was having fun with me as ex BOJ gov, he asks RedP… Is that who nocotec is? LOL… Man that dude is funny… Everyone know he is full of BS except him. It is funny watching trying to figure out who I am 🙂 Bloggers who have been around long enough have a good idea what I do.

    If we made a blog hall of fame for idiocy… This guy would get top billing. Many people spouted the same nonsense on the blog… But he is pretty unique in that he continues to spout the same discredited nonsense after the facts came out. Previously I would respond aggressively to such nonsense but now it is after the fact and the pertinent info is now known… His rants are just like farts in the wind… obnoxious occurrences that quickly blow away 🙂

    Many folks ‘invested’ with Olint, C+ and the others for various reasons… Many, like Tafari, were just plain greedy and stupid. The brother of greed is selfishness. See how the dude, like others before him cannot understand how we can blog and not have an ulterior motive. Selfish people cannot get that concept…

    They are unable to comprehend that there are many many hundreds of blogs and sites on the internet like this one… providing useful information supplied by volunteers with no ulterior motive and nothing to gain but the pleasure of sharing what they know…

    He thinks the blog was created and that we supposedly blog to help people like him… No, that is and was not the purpose. Idiots bent on self destruction cannot be helped by a forum like this. The blog was created and I blogged to provide information so that those who wished could use it for their benefit. Not many did but that is the purpose of the blog. It provided info for those that wished to help themselves.

    Have you searched and Google returned Wikipedia? Info is edited and written by unpaid volunteers. In Tafari’s selfish world no such site can exist, those folks have ulterior motives 🙂

    Does any one use open source software like Linux etc… Open source software has countless programmers, manual writers, software maintainers, bloggers, forum participants etc… Many spending untold hours volunteering their services and knowledge for the benefit of the community and others. To selfish people like Tafari such concepts are alien.

    Take Ubuntu Linux which I use…
    “Archbishop Desmond Tutu further explained Ubuntu as follows (2008):

    One of the sayings in our country is Ubuntu – the essence of being human. Ubuntu speaks particularly about the fact that you can’t exist as a human being in isolation. It speaks about our interconnectedness. You can’t be human all by yourself, and when you have this quality – Ubuntu – you are known for your generosity.

    We think of ourselves far too frequently as just individuals, separated from one another, whereas you are connected and what you do affects the whole world. When you do well, it spreads out; it is for the whole of humanity.”

    Enough for today 🙂

  552. You lecture here…lecture to the Judge…You are going down!

  553. This guy is delusional…..

  554. Too stupid to know what sarcasm is…..Rants? Did you read your ast post dude?

  555. Too stupid to know what sarcasm is…..Rants? Did you read your last post dude?

  556. More questions
    Meanwhile, investors are asking several questions, including:
    • How did Olint’s money get washed in the name of TCIFX Traders Ltd?
    • Does Jacob Martinez have full power of attorney to order David Smith’s money in I Trade FX LLC
    • Who authorised the money transfer into JIJ Investments Inc?
    • Why has JIJ Investments Inc. not been registered with the NFA/CFTC as a CPO?
    • Why has JIJ Management Inc. not been registered with the NFA/CFTC as a CTA?
    • Was JIJ Investments, LLC, another vehicle to hide the US$60+ million, or to work this money that was funnelled from Olint Corp. to TCIFX Traders Ltd?

    http://csmenetwork.com/2/index.php?option=com_content&view=article&id=2409:olint-where-is-the-money&catid=126:csme-network-crime&Itemid=342

  557. Are there any Labourites left?

  558. nocotec have time arguing with idiots. Anyone still chatting so much sh///t at this stage is beyond redemption. That is why Robin Irie just look these days and don’t say much.

    As I said at the start of the year, everything that should be revealed has been. Can you believe what it would do to his sanity if this fool really discover that he is not fool but just really fool fool.

    Have you ever seen in the cartoons where the character walks off the edge and only start falling when he looks down? Don’t look down Maas Francis

  559. Robi Irie:

    Where have you been hiding? Good to have my fellow comrade back 🙂

    I don’t think Tafari Francis knows who you are. He does not know you are one of the original detractors. Look out, now he is going to label you as belonging to the delusional class. Poor Tafari……

  560. Hail Mike.

    I am spending some extended time on Jamrock just watching what a gwaan

  561. Has anyone info on what is happening with Wayne Smith? David and His lovely cohort in crime where arrested, but …..hmmm.. what ever happen to Wayne??

  562. Please indicate your wishes for final judgement on DS.

    -Life in prison

    -Death penalty (If that could happen, ………..if he were only in Texas)

    -With all the participant/investors/speculators participating, an endless birthday party style spanking tunnel? If your not from the US you probably wont know what Im talking about.

  563. I for one think, with risk of being called hartless and possibly barbaric, that he should serve life in prison WITH the possibility of parol,…. after castration via a piano wire and a 57 Chevy. Am I heartless?

    I appologize in advance for my crudness

    -Ter

  564. Crudeness. Maybe crudness realy is more correct.

  565. Really

  566. Ter:

    I feel your pain…

    RedP:

    Thanks for posting that article. Interesting stuff. Money is right under people’s noses in Jamaica. That makes things a lot clearer for me. I could understand why no investigation and no charges in Jamaica.

    Question is though, was there some agreement made with the polititians in exchange for those campaign donations?

  567. If that latest report is true, more questions are to be asked.

    Is this guy moving money around to spend on his lavish lifestyle?

    Is he still bribing polititians in Jamaica?

    Is he trying to pay bribe money in the TCI?

    Is he trying to trade to make up the tremendous amount of money he stole and spent on planes, casinos and bribing Jamaican polititians?

    Is he trying to pay out to those who are bringing cases against him?

    What does the Jamaican prime minister know?

  568. My “fellow comrades” this whole thing stinks. It still bothers me that Jamaicans are complaining to their police that this guy has their money and won’t pay.

    The Jamaican government knows that the guy has millions in brokerage houses right there in Jamaica and the police does nothing.

    Who is the bigger crook? David Smith or those making it possible for him to keep people’s money?

  569. Ter:

    Wayne Smith is in Jamaica. Probably facilitating the money transfer to those corrupt members of government.

    When the dam breaks, boy the whole damn country a go wet.

  570. http://www.jamaica-gleaner.com/gleaner/20090325/business/business1.html

    Ter:

    Check this out. Tell me what you make of it. Notice the date of the article.

  571. Pardon the “rants” folks, but how is this related to anything?

    http://www.sunheraldja.com/2009/11/lee-chin’s-lifeline/

  572. Who is who and who is who…does it really matter? Well, in your sace it does.

    Like I said, when the dam breaks……

  573. Floridian, Floridian, oh where art thou? Mr. Belcher, you are quite the double agent….

  574. Tafari Francis, on November 2nd, 2009 at 7:33 am Said:

    And the “looking” has borne fruits, Jay. Just that the liquidator can’t touch (not yet anyway) money in Olint Jamaica’s name. As you so eloqquently pointed out, the TCI court order does NOT cover the other Olint companies.

    The trick now Jay is to be able to establish that the monies are indeed linked to Olint TCI. Over one hundred million dollars Jay.

    What do you think about that? So Wantmymoney may get back about 10 cents to the dollar…..Better than “pennies” right Wantmymoney?

    Now I ask the question, why did some on this blog try soooooo hard to get people to turn away from theie money?

    Anyone care to guess? How about you Mr. Belcher?
    ////////////////
    Remember this post Mr. belcher?

    Now that your cover is blown and the money is being uncovered, how do you propose your good frirnd DS do the dance now? Should he put out a statement telling investors to “be patient” he will “come true”…(or through) ha ha….

    Interesting developments in the Olint case.

    Mr. Nocotec, any word from you Mr. lecturer? Or are you satisfied with just saying (among the rest of the bla bla bla) that Tafari is crazy and greedy and stupid?

    The dam a go break soon….

  575. Mr. Chin what a gwan? Having a little financial trouble? Call david Smith. He can bail you out.

    By the way, any of you mini-ponzis got paid over the weekend? The guy has 20 mil pocket change….Heard he has three cars and two drivers in the TCI….Sounds like life a go great for the guy while people a suffer…Not you Nocotec. Youa re not greedy and crazy and stupid…LMAO.

  576. Oh but you are well placed….How are your interests working out for you?

  577. Nuttin nah gwan in JA, so why has the Jamaica gov’t decided NOT to assist the TCI police and liquidator?

    Anyone?

    Damn I miss the double agent!

  578. Well just trying to catch up on whats happening. So David Smtih was able to take $20m by simply asking that the bank send the money, which the did.

    This is amazing, how lazy Olint investors have failed to secure a freeze on David Smith accounts, thus allowing him to take the little that he has left in Jamaica and move it to Panama.

    David Smith has one again made a fool out of his “investors”.

    TF – How did you not know this?
    How did you allow this to happen ?

  579. The question of mitive has aroused the greatest anger on this blog.

    And it has been discussed ad nauseam – by me anyway.

    But are we not to question the motives of those who claim that their only desire is to protect people from these heartless scammers?

    Some will tell you no. We should accept that they are who they are – just based on their word – just because they say so. They are right and have the right to say that anyone who questions their motive is crazy, or disillusioned, or just greedy and stupid.

    these same folks also tells you that if you accepted David Smith’s word, just because he said so, you are “stupid”.

    Again, these same people who rants and goes o from subject to subject with no apparant reasoning, tells you that you “rant” because you question their motive.

    Today I discovered how deep the river runs.

    And wow…it runs deep.

    At least one of the blog operators is an inside man. Anyone care to guess what “inside man” means?

  580. “One of the original detractors” has become a title that gives credibility, right MikeD?

  581. Jay:

    The joke is on the Olint investors, right?
    //////////////////
    You and your pals in the Jamaica government who refuse to assist investors by taking action against Olint are having a big laugh no doubt.

    This is amazing, how lazy Olint investors have failed to secure a freeze on David Smith accounts, thus allowing him to take the little that he has left in Jamaica and move it to Panama.

    David Smith has one again made a fool out of his “investors”.

    TF – How did you not know this?
    How did you allow this to happen ?
    ///////////////////

    We know why you and Nocotec have been trying to say all along that there is no money left. Nocotec even went as far as to say that the Jamaica government cannot launch any investigation because DS is already charged in the TCI. That was one of the red flags Jay.

    Why does the Jamaican authorities refuse to take action against DS? Could it be because they are in his pocket Jay?

    Your “fellow comrade” (words of the village idiot MikeD) Nocotec knows everything….and I mean that literally..He kows everything…He is not just a know it all…trust me, he knows – down to the penny – how much is where and who gets what.

  582. Hey Jay, some things don’t get written on the blog right? Tell me this one little thing though, why did you let it happen? You knew all along that the money was there. Your job is to expose the crooks, right? Your pal is the inside man…FSC big wig and all, right Jay? So what’s the deal? Why does the Jamaica government remain silent? Why can’t the police in Jamaica do a damn thing?

    Is it because stealing is not a crime in Jamaica? Nahh…that can’t be it Jay.

  583. I heard that the cops in Jamaica once shot a man for snatching a purse with JA $20.00.

    Yet a man steals more than a billion dollars, people from Clarindon to Kingston (more than 200 tolal) report it to the police and NOTHING happens.

    I heard that Nocotec said that the police should not be allowed to do a thing because people did not heed his warnings. Self righteous!

    So here we are. Told that all the money s gone – by Nocotec. While he knows that the money is right under people’s nose in Jamaica. Then the FSC says that they warned the brokerage houses not to release the money to DS while knowing that these brokerage houses would have to honor any request by DS.

    So why? because the river runs deep. Thats why.

  584. But Jay. laugh all you want now because when the dam breaks, nuff man a go wet…..

  585. This is amazing, how lazy Olint investors have failed to secure a freeze on David Smith accounts…..

    Jay Jay Jay. How much money did you get? Who is paying you? Nocotec?

  586. Jay, are you not the same Jay who said that it is useless to go after David Smith’s funds?

  587. Nocotec said:

    The bloggers, that many of you keep accusing, are just a few guys that as Jay pointed out just came together to expose and provide information. There was no meeting, we just started blogging. This may surprise many… but… we do not know each other and we are located in different geographic regions of the planet

    When you guys make accusations about us, I get a big kick and start wondering if this dude or dudette is a nut

    //////////
    Jay, on October 17th, 2009 at 10:56 am Said:

    Our motives are clear, and that is to provide readers with details on all these “investment scams”, regardless of the scheme.

    We have others however, who would like for us to not expose the wrong doings of these firms, as they themselves fear being implicated in our ongoing campaign to bring all relevant information into the public forum.

    We will however continue to do what is right and expose all those who conspired to steal others hard earned cash, while at the same time ensuring that people are not duped again by the latest and greatest money making scam.

    If something is wrong with that, then I believe those who believe so, needs to get their heads examined.
    ////////////////

  588. TF – Did you pay the PI, I would not because he did a lousy job.

    DS has rubbed salt in your eyes by removing what he had left here in Jamaica.

    Did the Olint liquidator ask to have ALL David Smith assets frozen?
    Guess he missed that, but why?
    The man was charged with fraud and running a ponzi so why would he have access to proceeds of his ponzi in another jurisdiction.

    Was this a wire transfer ?

    Hmm there is a electronic record, TF go figure.

    He may have sent it to you, to cover the US$45K you invested @ 10% per mth.

  589. Jay I didn’t figure you for such a F@#$%^g idiot!

    The money in that other jurisdiction, Jamaica, is untouchable because you thieves in Jamaica, and by thieves I mean government ministers, courts and the police, are facilitating him.

    What 45k are you talking about? Is that how much he paid you to establish this blog to convince people he has no money left?

  590. The Olint liquidator acts under the authority of the TCI courts. He has no power in Jamaica and that is what you are banking on Jay.

    I have been saying it all along. Didn’t you hear me Jay? You and your pals tried too hard.

  591. Need to get their heads examined.

    Jay, your words. How about their concience?

  592. Do you not think that efforts were made to get the assets in Jamaica frozen? Nocotec blocked that effort right away.

    What is your role Jay? You don’t seem particularly intelligent, so what do you do for them? Are you Nocotec’s bagman?

    Now you are trying to make investors believe that all the money is moved, right Jay?

  593. You know Jay, I was asked not to mention the Jamaica 85 million because it might upset the powers that be in Jamaica. That the government was doing everything it could to help.

    Then I baited Nocotec and he said something that indicated he was privy to a transfer of information with a top level FSC person.

    Interesting stuff Jay.

    Don’t you think?

  594. Delusional TF, now I am convinced that you need to see a psychiatrist , your loss is taking its toll on you.

    Where Carlos Hill worldwide assets are frozen ??

    Hmm give your liquidator a call, as to get the David Smith asset frozen is not as difficult as you think.

    Go after David Smith asset not Olint TCI ….. Any lights coming on yet. 🙂

    I believe we have done more to help you guys that you have all done to help yourself.

  595. Lawd have mercy!!!

    TF a feel the bite things a get des!!!!

  596. Robin Irie, MikeD , Jay and Nocotec.. hail… I am still here… just very busy…

    The Ponzis falling one by one …

    Re the alleged $20 millon, I am sure we did get an excuse why there was no freezing of assets in Jamaica

    Remember NCB releasing a cheque too

    Tafari do you know the name Jason on the blogs?

  597. How much money did Carlos Hill give to your political parties?

  598. The TCI courts do not have jurisdiction over Olint Jamaica. The Jamaica courts do.

    Many reports have been filed against David Smith in Jamaica.

    To date, the Jamaica thieves, I mean ahhh Police and government. have done NOTHING. I have been saying that on the blog for months. Nocotec’s response has been, well TF you are crazy and stupid…the Jamaica courts can’t do anything while he is charged in the TCI.

    Remember that Jay?

  599. Cases were filed in Jamaica too, Jay. Do you remember that? Are you telling me that David Smith has the judges in his pocket too? Every one was dismissed Jay.

    Even the judges a thief in Jamaica mon.

    Irie vibes. Dem people a hungry in a Jamaica so things a gwan.

    The FSC raided DS office. Saw the evidence and then did nothing under pressure from the government.

    Seems DS has the whole lot a you in a him pocket.

    How much did you get Jay?

  600. Even those who were known to be close to david Smith were on here pretending to be him.

    The biggest fraud ever to hit the world is still being perpetrated. Damn! Even now!

    And then we call the scammed lazy……Laughable Jay. I see the irony.

  601. For an order:-

    (1) that my remuneration and/or fees, expenses, costs, disbursements and liabilities be allowed in the sum of $268,162.00 or such other sum as this Honourable Court deems just and that the same be authorised by this Honourable Court to be paid out of the assets of the Company and (in so far as they do not form part of those assets) out of the funds in the bank account in the name of Hallmark Bank and Trust Limited/Olint TCI Corporation Ltd at TCI Bank Limited;

    http://site.olinttciliquidation.com/

    ///////////////////

    That means another peny on the dollar removed. How many pennies before it is all over?

  602. Tafari Francis, on November 24th, 2009 at 7:39 am Said:

    Even those who were known to be close to david Smith were on here pretending to be him.

    That should read: …pretending to be ridiculing him……

  603. http://www.jamaica-gleaner.com/gleaner/20090325/business/business1.html

    FSC Executive Director Rohan Barnett said Monday night that he was looking into ways in which the clubs could be exempt from the Securities Act.

    “The FSC is exploring legislative amendments which will allow a specific class of entity to operate under strict guidelines, but which would not impose the full armoury of regulatory requirements that licensed entities are subject to,” the FSC’s spokesperson, Nadene Newsome, told Wednesday Business yesterday.

    Barnett on Monday night laid out some of the criteria that legitimate investment clubs would have to meet if they were to get the nod from regulators, including:

    Capping the membership of the clubs to no more than 20 persons.

    Requiring that all club members take part in investment decisions.

    Requiring that all members invest equal amount of funds.

    Prohibiting the payment of administrative fees to one club member.

    Placing a limit on the amount of funds that can be invested in any given year.

    ////////////

    So the FSC decided to legitimize the schemes in Jamaica? DAMN! What a gwan in Jamaica?

  604. Hey Nocotec? Is that being done under pressure too? Or is it just a way for everyone to eat a food?

  605. Jay:

    Mr. Campbell from the liquidator’s office is in jamaica (or was all week last week) trying. He apparently hit a brick wall trying. No luck in Jamaica for any effort to get at David Smith and his money.

    It is almost like he is superman in Jamaica. WoW. Hungry belly ah mek even the prime minister cover for a criminal.

  606. I think this discussion should be about which high ranking official in Jamaica did NOT take bribe money from Olint.

    That would be easier.

  607. Right – so got a forwarded email this morning. In the body of the email David Smith is writing about how everything the herald prints is a lie, not to believe he is moving money from jamaica – and how at the end of this everyone will get a big suprise.

    Really David?

    At this point even if everything he says is true – who the *insert choice word* is listening to and or believes him? Is he delusional?

    Smitty no one wants to hear your crap. Don’t email. Just shut up and be grateful for your continued freedom.

  608. it is really happening:

    Post the email. No one cares about what he says but it would be nice to see how the mind of this thief works. To know what he is hoping to accomplish by still hiding what is left of the money.

    I think you have it right when you say delusional. But it could be more than just that. Maybe he thinks that his folks will protect him. Probably use some of that IMF money to pay his creditors in exchange for keeping his mouth shut.

  609. Tafari Francis, on November 10th, 2009 at 12:38 pm Said:

    My three cents have been said. There is only one ace to be dropped…..And I was only dealt the ace two weeks ago…..Nocotec.

    It has not been played because at this point it has no effect on the outcome of the game…But it will surprise EVERYONE who doesn’t already know….

    RedP, most of the information surrounding Olint is now public knowlege.

    The “players” of the blogs have tried time and time again to convince everyone that Olint’s money is ALL gone.

    But RedP, not all the money is gone. Money has been located that is linked to David Smith. The trick for the liquidator is to link the money to Olint TCI.

    For those in Jamaica who still believe in David Smith, it would be their hope that that link is NOT made or the money will be siezed and paid out to Olint TCI investors.

    For Olint TCI investors, the hope would be that the money is linked to Oint TCI so that a request could be made to the country where the bank is to retrieve the money….

    Notice the lines in the liquidator report where he eluded to David Smith making no distinction between both funds….While that may be true in some cases, it is the liquidator’s first card….or his second or third depending on your perspective…

    So my friend, you could sit there eyes wide shut or you can put two and two together….you will more than likely get four – everytime.
    ///////////

    Hey Jay:

    Remember this post? The PI did his job well. The brick wall is in Jamaica.

    I asked, why establish a blog to save the world? That question really pissed you and your pals off.

    The original detractors eh?

    Question: Why?

    Answer: Just because we love everyone.

    Well, you couldn’t conceal your dissain for the Olint investors….Stupid? Lazy? Crazy? Greedy?

    That hardly seems the way to talk about the people you make such great sacrifice to save don’t you think?

  610. Whaappen to mi frien floridian?? Him float weh wid all dat hot air bout full hundred?? hmmmmm… Very odd.

  611. From: Colin Brown (cjb@cwjamaica.com)
    Sent: Tue 7/15/08 10:05 AM

    Nothing too new, cloudy and dark as what D-silver alluded to, what i cannot get is which part is cloudy whether it be olint/banks/or oanda. waiting on concrete info, not soup, gimmi couple days, i’m a little unsettled but not in my spirit, this thing I feel will pan out eventually. Just hang tight. I will not post anything negative, dont want to be responsible for mass hysteria, I will only post concrete and if its really bad I will only give heads up offline, too much spies.

    Hold Tight
    RedP

    Red Ppppppeeee! Don’t stick your head out. Why? Yvonne was warned right here and you saw what happened. You baclsliding? You believe Smithy get ratings in my World? Martinez? Blackwell?

    Red Ppppeee ! Better than that man.

  612. Everyone going bananas. You don’t think i get called to larger more challenging projects from time to time?

    Red P what about bible? Everyone must eat bread except floridian….poison preacher.hmmm

    What must Sirach come to tell you the Bible?

    Check the song “Tour” by Capelton.

    Anyway going back upo the hill (No You CYAN COME !)….setttle down and stop melt Gold and build your idol till mi come.

  613. Tafari

    let me lead you to what I think you seek.

    IP: 72.27.144.52

    OrgName: Cable and Wireless Jamaica
    OrgID: CWJM
    Address: 47 Half Way Tree Road
    Address: Kingston 5,

    Le tus see if you can WORK. A challenge to Impress. Who is the account holder name, address etc.?

    Don’t cheat and ask Jay. Demonstrate what you can do with the basics. See you get a start?

  614. Tafari

    hahaha…By the way I grade HARD. And time on assignments is important too.

  615. On full hudred

    If you know computers you might understand that there are all kings of limitations in terms of putting information here. E.g Simple file size.

    Additionally, the blocking. Crash bus is the most infamous offender. This blog suffers the condition as well.

    Red P and Kevin can tell you.

    Also if yo can’t understand basics like who runs this blog and where they etc. then how are do expect to undertand things like ‘interference in judicial process’ and all bigger things than that?. You will end up getting defensive and frustrated and take out your frustrations in the wrong corners and look like an idiot.

  616. Recall a message that was sent again and again.

    “Yardie best keep title under matress”

    Jack Mandora…

  617. Sovereign borrowers such as nation-states generally are not subject to bankruptcy courts in their own jurisdiction, and thus may be able to default without legal consequences.

    http://en.wikipedia.org/wiki/Default_(finance)

    Note: Although in the case of David Smith/Olint assets would otherwise be frozen (usualy Mareva injuction) this wa turned down by Jurists in Jamaica. This is noted as a cultural flaw and lack of understanding and may have to do with the buyability of persons in certain notorious jurisdictions where rule of Law is demonstably weak and sometimes non-existent..

  618. Former Finance Minister Dr Omar Davies (in photo at right) responds to questions on his first day before the commission of enquiry into the financial sector meltdown of the 1990s and the role of Finsac yesterday at the Jamaica Pegasus Hotel in Kingston. In the the photo at left Charles Ross (left), one of the three commissioners (what a damn joke…Mr. Olint as commissioner)

    http://www.jamaicaobserver.com/news/html/20091124T200000-0500_164456_OBS_OMAR_BLASTS_EX_BANKERS_.asp

  619. Davies is set to face questions until tomorrow, during which persons observing the enquiry will also be able quiz the former finance minister.

    How about quizzing Ross on OLINT and Sterling Tortola?

  620. You never know who might turn up and put some serious questions to Ross.

  621. floridian!! How was vacation on the mountain top?? Nuh worry, if the full hundred not up there I not interested in coming. 🙂

  622. The 20 million a start to show up on this blog…………Who else a get paid?

    So you are back on the job Floridian?

  623. Ever watched a movie and couldn’t tell who the crook is until well into the film?

    The writer of this script has done a great job. There are those among us who still believe that the “main” bloggers are honourable good samaritans.

    Plot and counter-plot. Great screenplay.

  624. larry, on May 30th, 2009 at 4:50 pm Said:

    When David Smith is arrested he will implicate major Jamaican officials. Some of them have red passports. Lord G has told him to talk. That will lead to a reduced sentence.
    /////////////

    Larry: Where are you?

    To date Wayne nah talk and the polititians dem a protect Olint in Jamaica.

    No one can touch David Smith or his money in Jamaica.

    No one.

  625. Red P

    Stay a ground den and build up idol with teefing gold….Christian like unno NUH short especially in Jamaica.

    Gwan preach pon sick people and collect money yes…soon the well will be dry…

  626. Who delays things again? While claiming ‘rush’ to clear what?

    I am in receipt of your email to the Attorney General dated 26 October, 2009 regarding the above captioned.
    It was actually a preliminary inquiry that was scheduled for 10/26/2009. DEFENSE requested an adjournment and it was rescheduled to March 2 and 3, 2010.

  627. OLINT FOUNDATION, EDITH SMITH, WAYNE SMITH

    Pursuant to Rule 1.2 Fla R Civ P,the BROWARD CIRCUIT COURT orders a mandatory case management conference to be held in the Chambers of Judge Krathen, room #105, Broward County Courthouse, 201 SE 6th Street Ft Lauderdale, Fla., December 11, 2009 at 10 AM.

    FAILURE OF A PARTY TO APPEAR MAY RESULT IN SANCTIONS.

  628. The Sunday Observer is expected to follow this one like how they report the John Issa/Reggie Cline show.

  629. just peeking in. notice that given enough time, the blame will go to everybody.

    there was a time when Jay and Nocotec was thought very anti Olint, and set up anti olint blog, now they are saying they work for Olint, then depends on how the wind blow, they will be claiming that they are affiliated to this or that by other bloggers

    when in truth, the payers to be blamed are David Smith and yourself ( greedy investor , who jumped at bullcrap story about sustainable 10% per month)

  630. I think you meant to spell that ‘Payor’.

    As for ‘greedy investors’ that’s a CLAWBACK issue.

    No mention of the ‘donations’ and those who jumped at ‘contributions’???

  631. keep ‘peeking’…

  632. You know cull,

    Trying the issue on blogs and calling citizens who can’t access their hard earned money greedy and selling a concept that committing criminal offenses mandates the responsibility on the victims….

    I mean really…that’s silly…(there is another ‘S’ word but I’m being polite).

    Everyone involved (and spectators) should want get ‘into the light’ at this point. Why not? Can there be a rational argument against FULL TRANSPARENCY AND TRUTH? Who would be against truth….it sets you free!

    Smith is quoted in newspapers by well know journalists as being anxious to clear his name and explain everything in detail.

    So the best place is in the courts where everything is in the light. As far as I know only rat bat and teef nuh like light. Even John Crow like light.

    So barring Rat bat and teef everyone else should encourage the proper forum in the courts to set things strait. Place hand on the Bible..tell the whole truth. Documents back your truth..no problem.

    Thousands of people can’t touch their money around the World. Jamaicans are good people always wanting the truth

    Let all information come out in the proper forum (the courts) Who got paid when where how and who’s money was used who ..you know? Assets beneficiaries..bankers etc etc etc. Everybody get a chance to publicly clear themselves …in their own words from their own mouths.

    Jamaica is proud nation I am sure that if there is a case of overpayment or false profits that Jamicans will rise to the occasion and repay anyone who has been shafted. We are a good people.

    There are no shortage of citizens assisting to HELP the Smith’s get into a forum to ‘clear’ themselves. Then why are ‘good’ or oytherwise ‘upstanding’ citizens avoiding service of process?

    Now it is distressing to see that Deacon David Smith and Tracy Smith are the ones holding things away from the truth of the courts. While newspapers are reporting the exact opposite of the above truth.

    Why report the exact opposite of the truth that any citizen can write to the authorities in TCI and get?

    More importantly what then in certain newsprint is also patently false?

    Well Rat Bat in shorter supply than teef. I suppose….

  633. Two foot Rat …when will you ever be in short supply?

  634. Hello,
    What was the outcome of the olint case the other day , could some body give me a clear of recent happnings

    • It was actually a preliminary inquiry that was scheduled for 10/26/2009. Defence requested an adjournment and it was rescheduled to March 2 and 3, 2010.

      Principal Crown Counsel/Criminal

      Source: TCI AG

      • Did the defence request extra time because of the new charges deliberately orchestrated by the prosecution right before the last court date?????

        Is a coincidence that everytime a court date is approaching there is another round of charges orchestrated by the prosecution

        We need to get this thing on once and for all…..STOP THIS STALLING!!!!!!!!!

  635. floridian I agree with you but will that day of the truth being told in court ever come this side of heaven?? Yuh right, there is an overabundance of two foot rat and two foot puss.

  636. looks like Mr. Smith will be enjoying another MERRY CHRISTMAS with his family and friends from the comfort of his home.

    who says crime doesn’t pay??

  637. @ the Cynic,

    Yes he took the money just before Christmas, send some to Panama and maybe is planning to spend a good “chunk a change” at the casino.
    Still living high off the hog and spitting in the face of investors , who are hoping that some crumbs will fall from the table for them to get.

    That new contract that people like TF rushed to sign was what David Smith used to make sure that the investors in Olint really got screwed.

    TF read ” How Olint stole your money and how he hatched his getaway plan.
    https://investforlife.wordpress.com/2009/06/01/how-did-olint-steal-your-money-and-how-david-smith-planned-to-get-away-with-it/

  638. justneedtheanswer

    The answer to your question is a few posts above yours. You were probably aware anyway.

    AML has a lot of patience for the hustings.

    Casino Jay? But nuh ace nuh play yet.

  639. Mike Gapes (Ilford, South) (Lab/Co-op): As part of its responsibilities over recent years the Foreign Affairs Committee has looked at a number of areas of the world. Last year, one of our reports highlighted the British overseas territories. We made a number of recommendations and criticisms, as a result of which the British Government established a commission of inquiry, under Sir Robin Auld, into the situation in the Turks and Caicos Islands. That led to recommendations for the suspension of the TCI Government and the reimposition of direct government from the UK.

    A number of communications have been sent to me and members of the Committee over recent weeks from people living in TCI. Some of them are concerned about the bubbling discontent within society.

    People ASSOCIATED WITH with the former Premier, Michael Misick, are lobbying and doing their very best to undermine the Governor, Gordon Wetherell, who was appointed last year.

    http://www.tcijournal.com/index.php?idsub=2097&id=8

  640. RE: FINSAC

    Can some genius, when you have a minute please explain to me how a man borrowed $480,000 and have it balloon to $7m?

    Please for my own understanding.

  641. Robin just read the report and I feel it for the man, honestly. Thats akin to investing with Olint at 10% per month.

  642. Tough times

    6. The credit crunch is now biting all and sundry, as more bills are going unpaid, with mortgages going into serious arrears, more cars being repossessed and banks shutting down cards for unpaid balances. Some say it’s a case of the Olint and Cash Plus; chickens coming home to roost!

    http://www.jamaica-gleaner.com/gleaner/20091126/news/news6.html

  643. Akin to OLINT Jay? You obviously do not know the devastation caused by the OLINT crew. BBC Panorama going to shock even you Jay? Unbelievable.

    Anyway take a look here:

    Whistleblowers report to the Journal that it now appears a review of the finances of the network points to between $5 to $12 million dollars having gone out of public coffers to support the propaganda cable TV channel during its short life, with hardly any documentation being present as to what the money went for, or to whom. Other credible sources report that millions of dollars of equipment, paid for by the pubic, has also now gone missing.

    http://www.tcijournal.com/index.php?idsub=2108&id=8

  644. Thanks Jay but what I really want to know is how does it happen?

    Whats the process?

    Isn’t the interest rate fixed for the life of the loan?

    Or is it that the loan wasn’t being service and hence incurred penalties?

    RedP whats your take?

  645. Pity the Nation

    By Lawrence Ferlinghetti

    Pity the nation whose people are sheep

    And whose shepherds mislead them

    Pity the nation whose leaders are liars

    Whose sages are silenced

    And whose bigots rule the airwaves

    Pity the nation that raises not its voice

    Except to praise conquerors

    And claim the bully as hero

    And aims to rule the world

    By force and by torture

    Pity the nation that knows

    No other language but its own

    And no other culture but its own

    Pity the nation whose breath is money

    And sleeps the sleep of the too well fed

    Pity the nation oh pity the people

    Who allow their rights to erode

    And their freedoms to be washed away

    My country, tears of thee

    Sweet land of liberty.

  646. The story is that the ambassador who was supposedly proposed for Kingston has now been assigned to Costa Rica, and there seems to be no rush to appoint a replacement. Some see a definite link between this and a certain request.

    http://www.jamaica-gleaner.com/gleaner/20091126/news/news6.html

  647. Jay? What happened to Observer’s comment section?

    • They say technical problems but its not true.
      Too much information being posted there that cannot be verified, thus making the observer liable for lawsuits.
      Its not like this blog that you can get away with making statements against people that may escape the public attention.

      The observer is widely read and hence they have a huge problem.
      Look for increase censoring taking place when it comes back up.

      • I have a different view on that. Remember Jay, the Observer comment section always had the comments reviewed (screened) before release, so it was easy for them to release only “sanitized” comments.

        I agree with you that too much was being said that clearly upset the people in power (especially our good friend the Finance Minister). The comment section, being one of the few (only) medium for the average Jamaican to express their views and the fact that it provides a pulse of the high level discontent on the island, was in all likelihood, of concern to “some”. These views I guess need to be silenced (maybe temporarily). It sure does not take weeks to institute a higher level of scrutiny of reader’s comments. Think about it.

        Maybe after the IMF loans are secured we will see the return of that comment section?

  648. @Jay

    The credit crunch is now biting all and sundry, as more bills are going unpaid, with mortgages going into serious arrears, more cars being repossessed and banks shutting down cards for unpaid balances. Some say it’s a case of the Olint and Cash Plus; chickens coming home to roost!

    GOLDINGSACKED!

  649. Mr. Belcher:

    How many lawsuits did you file against DS et al in Broward county courts?

    Who is paying the attorneys?

    Using DS money to sue DS? Trying to railtoad the people dem claims?

  650. The central bank remained above the fray, even though it was rumoured in the market that the stance taken by the banks to record, scrutinise and report the dealings of the investment schemes was at the Bank of Jamaica’s behest.

    The central bank’s voice was only heard once or twice when it issued notices reminding foreign exchange traders that such commercial transactions could be done only under licence by the BoJ, and in some circumstances by the FSC.

    Then at his November 19 quarterly monetary policy media briefing, central bank Governor Derick Latibeaudiere gave a precise signal of where he stood: any attempts by th schemes, he said, to convert and take funds offshore would not be allowed by the BoJ.
    //////////////
    Taken from news article…

  651. any attempts by th schemes, he said, to convert and take funds offshore would not be allowed by the BoJ.

  652. any attempts by th schemes, he said, to convert and take funds offshore would not be allowed by the BoJ.

    He gone now so what a gwan? Why was he kicked out? Was it so that Olint could move the money?

    Questions questions…

    • According to a lecturer at UWI going off the record he was removed because of something having to do with the IMF negotiations. So the rumour mill has it.

  653. Tafaristein

    You figured out who that IP address belongs to yet?

    Ask Jay then.

  654. Good morning all. Very interesting article.

    http://thegovmonitor.com/world_news/asia/16152-16152.html

  655. @Robin Irie
    As far as I know, yet I am no expert, banks down here do not allow you to “lock in” your loan at the going interest rate on signing of contract so if the rates skyrocket so does the size of your loan. Can anyone expound on this??

  656. Mawnin’ Red Ppppppeee!

    Giving thanks I’m sure. How does it feel to have been “GOLDINGSACKED!”

    • Whappen floridian? Yes it appears that the JLP is actually PNP jnr. LOL One a my friends who is a staunch labourite did not appreciate that point of view!! 🙂 hahahahahhaha And yes mi friend, giving thanks everyday regardless of what circumstance.

  657. Red P

    I hear that a man walked in to the Commission of Inquiry into FINSAC yesterday.

    So the man said , “Is this where I come to look about OLINTSACKED?

    So somebody, maybe Boyd Carey said, “No this is about FINSACKED”

    So apparently the man said, “How you mean? Nuh Charles Ross of Sterling Tortola that up there?”

    So the man got an answer, “Sterling Tortola is not in Jamaica.”

    But the man said, “but what about weir I deposited into Olint? No Sterling pon trafalgar Road?”

    Anyway I heard he was advised that OLINTSACKED will begin promptly….

  658. Red P

    If only the poor little JLP and the poor little PNP had anything to do withcontrolling the strings in the country. Who knows? Maybe things would be better for the people.

  659. RedP:

    What interest rate? The JUNK rate? Jamaica is one HUGE ponzi scheme..

    Ask Mr. Chin.

  660. Well actually, when you think about it, thats what govt bonds appear to be, dem tek from Peter to pay Paul. Dang!! Legalized ponzi to rah!!

  661. Deacon, Gifford lick up jamaican govt. for Milwood a Privy Coucil…chi ching…all legal costs.

    David ‘cash plus’ Wong Ken deh pon Davies case inside FINSACKED.

    When CARLOSACKED and OLINTSACKED come…..

  662. Breaking News !!!
    Gov to pay Ezroy millwood $7b !!! , So say the privy council.

    Laud a mercy we dead now. !!

    Will provide update later when I get confirmation on this story

  663. @floridian
    I am at times a conspiracy theorist and wouldn’t find it hard to believe that the JLP or PNP dont run things. Who, in your opinion, is the string puller?

    on another note I guess the Millwood led transit corp can now pay there back license fees. 🙂 Lucky him.

  664. Robin Irie, on November 26th, 2009 at 1:48 am Said:

    RE: FINSAC

    Can some genius, when you have a minute please explain to me how a man borrowed $480,000 and have it balloon to $7m?

    Please for my own understanding.
    Reply

    ———————————-

    ironic.. the figures seems stupid when it is Finsac, but if it was Olint and you invested $480,000 you could easily see how you would want to claim 7M today from David Smith.

    Short answer, Max your credit card, don’t pay see how much it reaches in a short time ( interest, penalty, late payment fee etc).

  665. Robin Irie:

    Read the link below and note the stated interest rate:

    The problem with a lot of business people during the 1990’s was the unfettered use of overdraft facilities at a number of banks to meet their basic business needs (payroll, etc.). These folks overdrew their accounts without much attention as to how they were going to pay back the funds…akin to what occurs with your average consumer use of credit cards. The problem was these “overdraft” funds attracted very high interest rates (> 60 %) during that time. Now if you keep overdrawing you account and fail to make no payment, it is very easy to rack-up large interest expense over time. I will go out on a limb and speculate that all these FINSAC individuals who are now claiming that the loans where only X, are totally ignoring their much larger overdraft facility amount, which is what got a lot of them in the financial mess they eventually found themselves in.

    There was a major “procedural” change in the 1990’s that required all Banks to treat overdraft amounts as a “standard” loan (something that was not being done at the time). This of course causes a number of banks to be out of compliance with their asset to loan ratio requirements (measure of liquidity?).

  666. Happy Thanksgiving.

    Source: The turkey, eagle, vulture, raven/crow(nevermore), and the sponge(somewhere on the reef). Did I miss the thief somewhere?

  667. Now you’re running a business. You do some divination or read the tea leave or whatever you do. You see where you can expand so you get a loan from the bank.

    The fine print said that if you fail to meet your payment then penalties will kick in. Interest will be calculated on a compound basis daily until you make good – interest fates used will be the BoJ base rate plus a few hundred basis point. You went ahead and bet the family house.

    You now find out that the divining rod or the tea leave miscommunicated to you and customers are cutting back on their consumption. you start making losses, what do you do in a market economy?

  668. Did the defence request extra time because of the new charges deliberately orchestrated by the prosecution right before the last court date?????

    Is a coincidence that everytime a court date is approaching there is another round of charges orchestrated by the prosecution

    We need to get this thing on once and for all…..STOP THIS STALLING!!!!!!!!!

  669. Do you go to the bank and try to renegotiate?

    Work out some payment plan?

    Close down and liquidate the asset?

    Sell the house and pay off the loan so you can keep the rest to downsize?

    put some money on Gov’t paper to partially hedge the interest rising?

    No you do none of those things because you are just a
    SME trying to make a living and you do not have the skills that the bigger heads have.

    Or you think the loans will be forgotten when the banks collapsed.

    You do not realise that the market hates ignorance a sloth and will brutally kill you off.

  670. So when I hear capitalist entrepreneurs asking about protection for borrowers I am thinking what the @#45 are these people on about? You make good business decisions and you are laughing all the way to the bank. You 4ked up and you pay the penalties – compounded even. Its the risk and reward principle.

    I heard betty ann blaine trotting out some horse shit on her radio program. Saying that after paying interest people cant afford to pay tax. Now anyone who studies accounts at Rapid College knows that the interest line comes above the profit line. If interest eliminates profit then there is not tax to pay. If you made profit then pay the damn tax. Employed people have no choice but to pay.

    • @Robin
      Bible says the borrower is a slave to the lender. I learned my lesson a long time ago. I took out a car loan in early 90’s, by the time I paid it off I paid 150% on top of the original price of the car. Since that experience mi stay far from the bank. It took me 10 yrs to build my house and am not fully completed but its comfy enuff, built out of pocket little by little. At one point I wanted to borrow some money so I could just gang the work and finish it. Just to facilitate all the requirements needed to retain the loan would have cost me 1 mil jmd. Not to mention the monthly payments hanging over your head for the next ten years. Mi seh is awright, mi will gwaan pokah pokah.
      If you can manage to avoid going to the bank, stay far from dem. Learn the difference between needs and wants. Basically, if I dont have the cash, I do without, except for bare necesseties.
      Peace

  671. thanks so much for that rant

  672. Rodney ????????

    Soon come.

  673. Dubai under scrutiny after debt payment delay

    Dubai’s financial health has come under scrutiny after a major, government-owned investment company asked for a six-month delay on repaying its debts.

    http://news.bbc.co.uk/1/hi/business/8381258.stm

  674. I wonder what Perkins thinks of this? or other commentators who said while everywhere was rapidly growing Jamaica was not?

    “After six years of rapid growth, the reputation of Dubai’s economy is now being questioned.”

    “It does come off as a little bit of a surprise,” said UBS Bank analyst Saud Masoud.

    “In our view, such a restructuring may be considered a default under our default criteria, and represents a failure of the Dubai government to provide timely financial support to a core government-related activity,” said Standard & Poor’s.

    Who the OLINT cap fit? Let them….

    http://www.jamaicaobserver.com/tools/todays_cartoon.asp

  675. Keep it under the matress? THINK AND CHECK…

    “More pension schemes will close in the coming years”

  676. when a headline reads, ” …was to big to fail..”

    Is that a hint that you should put your money in only the large institutions and if not charge a risk priemium for lending your money to the smaller ones?

  677. Old time people know best you know….Under Matress where you can see your money.

  678. Jamaica’s economic situation will get better – Scotia chief economist

    By Al Edwards

    Friday, November 27, 2009

    Jamaica’s woeful economic plight has been the subject of much discussion as the country waits with bated breath for the IMF to throw it a lifeline that will serve at best as a temporary panacea. During the course of this month, the three leading rating agencies, Standard&Poor’s, Moody’s and Fitch have downgraded Jamaica and recommended that it restructures. However, the Chief Economist of Scotia Capital Dr Warren Jestin does not see doom and gloom and believes that Jamaica can get out of its present predicament as the world economy recovers.

    “Jestin. the recovery in both the US and the UK will see improved tourism flows to Jamaica”

    US economic growth revised down

    The US economy grew by far less than originally forecast between July and September, according to revised official figures.

    http://news.bbc.co.uk/1/hi/business/8376589.stm

    The move by state-owned Dubai World to delay paying some of its debt shook the markets in Europe on Thursday and those nerves spilled over into Asia.

    http://news.bbc.co.uk/1/hi/business/8382103.stm

  679. This thread is getting too long, see new thread which should have been done since last sunday.

    https://investforlife.wordpress.com/2009/11/27/david-smith-withdraws-20m-from-local-accounts/

  680. Here another piece of financial bullshit

    “Many businesses that were viable at the interest rates in place became caught in an insolvency trap when they borrowed and the rates rose quickly, hitting 60 per cent and more in short order. No legitimate business model can deal with 60 per cent plus interest rates.”
    http://www.jamaicaobserver.com/letters/html/20091126T220000-0500_164596_OBS_PUZZLING_FINSAC_ENQUIRY_.asp

    He’s chatting shit! bank don’t fail due to high interest rates. Ask NCB, banks and insurance companies are among the largest holders Govt debt. when the interest rate skyrocket they make a killing.

    The real question it what the hell was NCB doing farming papaya? Or Workers Bank running hotels? Or Mutual Life hoovering up real estate including its two white elephants in New Kgn?

    Since the UFO have crash lets have a Finsac debate

  681. @Robin
    I would imagine that article would more refer to small business more so than banks. I can tell you that there is no way my biz can survive with loan rates that high unless ones profit margin is higher which would be surprising, and I’ll tell you this. If I did not own the property my biz is on I would have to close my doors, the way biz is now, there is no way I would be able to afford a mortgage or rent. Sometimes I wonder how other businesses with high overheads are surviving. When you speak to the salesmen from different suppliers they paint a grim picture. Not only are sales down by an average 50% over last year, their largest problem is collections and bounced cheques, and these are from long standing customers of good repute. These are tough times in deed. If one can manage to do without a biz loan or overdraft I would recommend to stay far.
    Peace

    • RedP

      The Finsac debate is into why the financial sector collapse and this man seem to be blaming the high interest rate policy.

      Your analysis is right though. The economy has contracted. Sales are down, so do you go out and borrow? No, you consolidate and if necessary contract the business but you do not go and bet the family house. You do not go and run up your credit cards.

      The point I was making was that there are good times and bad times in a business cycle. It is a Madman that borrows at 60% and turn around and complain. When rates reach that high you hold strain, contract, liquidate if necessary but you do not borrow! The very purpose of that rate is to discourage you from borrowing.

      I just want to see some of these very business people taking responsibility for making stupid and overly risky business decisions.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: