Markets

David Smith to Plead Guilty to $220M Fraud in Orlando Federal Court

By: Caribbean Journal Staff - March 29, 2011

David Smith, who led the failed investment scheme OLINT, will plead guilty to 23 charges in Orlando federal court. Smith, who began OLINT in Jamaican until moving it to Turks and Caicos (where he pleaded guilty to fraud and conspiracy charges last year), described OLINT as a private investment club that pooled investors’ money in foreign currency trading. Jamaican authorities raided OLINT’s offices in 2006, forcing the move to Turks and Caicos. According to U.S. prosecutors, more than 6,000 people from Florida, Jamaica, Turks and Caicos and throughout the Caribbean invested in his companies.

Popular Posts ian fleming villa with beach and green trees

American Airlines Begins New Ocho Rios, Jamaica Flights, With a Nod to James Bond 

Ian Fleming began writing the book that would become Casino Royale at his seaside villa in the town of Oracabessa, Jamaica in February 1952.  It was here on the outskirts of Ocho Rios that Fleming would forge the story of […]


A New All-Inclusive W Hotel Is Opening This Year in Punta Cana 

w punta cana

The first-ever all-inclusive W Hotel in the Caribbean is opening this year in Punta Cana, Dominican Republic, Caribbean Journal has learned.  The hotel, part of a broad expansion for parent company Marriott International, is on the list of expected 2024 […]


Why Grenada Is a New Caribbean Luxury Hotspot

beach house silversands

From its world-renowned chocolate to its pristine beaches to a region-leading focus on sustainability, Grenada is as fascinating and unique as destination as you’ll find in the Caribbean.  But in the last few years, the lush Eastern Caribberan island has […]


Related Posts virgin atlantic turks

Silver Airways Has a New Destination: Turks and Caicos

South Florida-based carrier Silver Airways has kicked off new nonstop service between Fort Lauderdale and the Turks and Caicos Islands, Caribbean Journal has learned.  The new service is launching from Fort Lauderdale to Providenciales is operating twice weekly, with flights […]


Ian Hurdle Appointed President of Turks and Caicos Real Estate Association

turks and caicos

Ian Hurdle, founder and director of The Agency’s Turks and Caicos office, has been appointed as the new president of the Turks and Caicos Real Estate Association. Hurdle is a leading figure in Turks and Caicos’ luxury market and that […]


American Airlines Is Adding More Daily Flights to the Turks and Caicos Islands

dragon cay turks hotels

The world’s largest airlines is making moves in the Caribbean again, with plans for a significant summer push that includes an expansion to the buzzy Turks and Caicos Islands.  Next spring, American will be ramping up its Miami-Providenciales route to […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You