U.S. Investors Get Olint Priority

By: - April 26th, 2011

Federal Court in Orlando, Fla.

U.S.-based investors will receive first priority in the Olint case, according to the U.S. Government, and the deadline for filing claims to recover money from David Smith’s failed ponzi scheme has been extended. Victim-witness specialist Elizabeth Medina said investigators needed more time to review the claims. “The federal government is continuing to investigate the operations of all these entities and is working to recover funds to return to injured investors,” she said. [Jamaica Observer]

Jamaica

Manatt Commission Set to Report May 16

Lawyers in the Manatt-Dudus Commission of Enquiry in Jamaica made their final submissions yesterday as the commission prepares to present its report by the May 16 deadline. The report centers on two main questions — whether the extradition of Christopher Coke was handled correctly, and, if so, who will be held accountable. [Jamaica Observer]

Jamaica

Jamaica Reports Increase in Cruise Ships

There was a nearly double-digit increase in the number of cruise ship arrivals to Jamaica during the winter, according to Minister of Tourism Edmund Bartlett. “The stage is now set for yet another remarkable year of performance in terms of arrivals and foreign exchange earnings,” he said. The total increase was 34,954 visitors to the […]

Jamaica

More Extradition Controversy for Jamaica

Jamaican Tony Ashman, who was slated to be extradited from Jamaica to England to face a murder charge, has been detained for more than 60 days without being extradited. Now, pressure in the country, led by the opposition People’s National Party, is mounting to expedite the request. Ashman was released last week on a Supreme […]

World Bank: Jamaican Crime Reduction Could Mean 5 percent Increase in Growth

 If Jamaica can reduce its crime rate to the level of Costa Rica, it could see a 5.4 percent increase in gross domestic product, according to the World Bank’s World Development Report for 2011. “Indirect costs — associated with stress and trauma, time off work due to violent incidents, and lower productivity from injury or […]

Jamaica to Tap Chinese Coffee Market

 The Jamaican Government is moving to broaden the market of Jamaica’s high-end Blue Mountain Coffee, as the first 16,500 kilogram shipment of Jamaican green bean coffee was sent off on its way to Hangzhou, China. Last year, the Hangzhou Coffee and Western Foods Association signed a memorandum of understanding with Jamaica’s Ministry of Agriculture and […]

Jamaican Government Temporarily Cuts Fuel Taxes, Staves Off Protest

 If Jamaica can reduce its crime rate to the level of Costa Rica, it could see a 5.4 percent increase in gross domestic product, according to the World Bank’s World Development Report for 2011. “Indirect costs — associated with stress and trauma, time off work due to violent incidents, and lower productivity from injury or […]

U.S. Firm Manatt, Phelps and Phillips Mum on Commission Evidence

 A conference room at the firm’s office The ongoing commission examining efforts by Jamaica’s leaders to lobby the United States concerning the requested extradition of Christopher “Dudus” Coke could hinge on whether U.S. law firm Manatt, Phelps and Phillips, which is at the center of the enquiry, will produce evidence. The firm has not said […]