olint

United States Government to Return Funds to OLINT Victims

David Smith Applies for Parole

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 …

Op-Ed: Corruption In the Caribbean

By David Rowe Op-Ed Contributor THE ARRESTS OF McKeeva Bush and Michael Misick in one-week span focused on the world of corruption in the Caribbean. The two most prestigious Caribbean offshore financial centres ended up with a pair political leaders in …

OLINT Investors Await Smith Sentencing

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 …

U.S. Investors Get Olint Priority

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 …

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

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 …

Jamaicans Still Buying into Financial Schemes

Jamaica’s FSC Senior Management Team Jamaica has been home to the high-profile OLINT issue, what some have dubbed the Caribbean’s version of the Bernard Madoff controversy. But according to the Jamaican Financial Services Commission, there are 64 unregulated investment schemes …