David Smith, founder and former CEO of failed, alternative Investment Scheme - Olint TCI, was arrested on further charges in the Turks and Caicos Islands, today.
In an interview with Power 106 FM, Detective Seargent Willen Belliard of the Financial Crimes Unit (FCII) of the Royal Turks and Caicos Islands (TCI) Police Force, reported that the following additional charges have been levied against Mr. Smith:
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1 count of theft
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1 count of obtaining property by deception
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2 counts of money laundering
These four (4) charges have been combined with the previous eight (8) levied on Mr. Smith in February, 2009.
Mr. Smith has been granted bail in the sum of US $2 million.
It is not known if he was able to make bail today.
[Please use our Google Search section, entitled, "Search This Blog or the Web, Here" (it can be found to the left of our posts, and is the 5th section from the top), to search for our previous articles re Olint and David Smith.]
Gillian
Sources Include
1) Power 106 FM News at 5:00 p.m.
2) Article, "Jamaica Olint boss arrested again", vai Go-Jamaica.com
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