Search Result for: wire fraud

6 results found.

United States Government to Return Funds to OLINT Victims

Above: David Smith By the Caribbean Journal staff The United States government plans to compensate investors who lost money to the OLINT Ponzi scheme operated by Jamaica’s David Smith. The scheme was first operated in Jamaica and subsequently in the […]

US Virgin Islands Senator Indicted for Alleged Role in Bribery Scheme

Above: the legislature building in Charlotte Amalie, St Thomas, USVI By the Caribbean Journal staff A federal grand jury in St Thomas has indicted US Virgin Islands Sen. Alvin Williams, Jr with operating and participating in a criminal enterprise that […]

Former Haiti Teleco Official Convicted in Miami for Money Laundering, Bribes

Above: the Federal Courthouse in Miami By the Caribbean Journal staff Jean Rene Duperval, a former director of international relations for Haiti’s state-owned Telecommunications D’Haiti SAM, has been convicted by a federal jury for his role in a scheme to […]

Inside David Smith’s OLINT Sentence

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 […]

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 […]

Durandis: Crunching the Numbers on Haiti’s National Education Fund

By Ilio Durandis CJ Contributor WHAT IS likely one of the most important tariffs on any sector in the Haitian society was imposed on the Haitian Diaspora shortly after the inauguration of Haiti President Michel Martelly in May 2011. The […]

This BVI Resort Just Began Its Reopening