The Turks and Caicos Islands are once again fully open for business following the passage of Tropical Storm conditions from Hurricane Melissa. Experience Turks and Caicos, the destination’s exclusive tourism authority, confirmed that operations have resumed smoothly across all islands. Government officials issued an All-Clear notice, allowing for the full reopening of businesses, resorts, and […]
Above: David Smith By Alexander Britell David Smith, who led the OLINT Ponzi scheme in Jamaica and the Turks and Caicos Islands, has applied for parole, Caribbean Journal has learned. Smith is currently serving a 6.5-year sentence in Her Majesty’s Prison in Grand Turk, Turks and Caicos. Turks and Caicos Parole Board Secretary Teresa Williams […]
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 […]
