Capital Blu Principals found Guilty !!!

David Smith Guilty – Usa

Donovan Davis – Guilty – Usa

Noel Strachan– Not yet tried

Not one of these guys ever tried in Jamaica where most of the fraud was committed.

An Orlando jury concluded last week that Damien Bromfield of Ocoee and Donovan Davis Jr. of Palm Bay had misled investors, stole their funds and otherwise violated federal commodities laws through their Central Florida-based firm, Capital Blu Management LLC.

Thanks to the poster for this link.

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.

Capital Blu CEO charged for fraud

Investforlife has just received news that Capital Blu CEO , Donovan Davis Jr, has been charged for fraud in Florida.

It has been reported that Mr Davis at times would blow, over US$40,000 in one night in a gentleman’s club.

In addition we are receiving word that he would travel on a regular basis via charter flights.

We will update this post as soon as we have more information, so stay tuned.