Search Result for: "robert di pano"

By Robert Di Pano United States authorities are now seeking restitution and asset forfeiture from failed OLINT Ponzi schemer David Smith after his 30-year prison sentence for wire fraud and money laundering was announced Aug. 11. US Federal District Court Judge Mary Scriven ordered Smith to pay $55.6 million to OLINT victims. Smith has also […]

By Robert Di Pano Caribbean Ponzi schemer David Smith, whose OLINT scheme defrauded investors across Florida and the Caribbean out of over $220 million, has been sentenced to 30 years in federal prison in the United States by Judge Mary Scriven. “Judge Scriven was severe on David Smith after characterizing his Ponzi scheme as being […]

Above: Federal District Court in Orlando, Fla. By Robert Di Pano David Smith, the mastermind behind the Caribbean-based Olint Ponzi Scheme that bilked investors out of over $220 million, will be sentenced Aug. 11 in United States District Court in Orlando, Fla. Smith pled guilty March 28 to 23 counts of wire fraud, conspiracy to […]