American Airlines has officially launched new nonstop service between Miami and Bimini, adding a new airlift option to one of the closest Caribbean destinations to the United States. The first Miami-Bimini flight touched down in South Bimini Airport on Saturday, and is operating three times per week, with flights on Mondays, Wednesdays and Saturdays. Even […]
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 […]
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 […]
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 […]
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 […]
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