David Smith confesses....
It has come to our attention that ‘financial genius and top foreign exchange trader’ David Smith, CEO of the ill-famed OLINT organization, has recently started serving a 6 ½ year term in prison in the Turks and Caicos Islands. This is the result of pleading guilty to fraud and money laundering charges in the Turks and Caicos Islands. Smith also awaits extradition to the USA to face 23 charges of financial irregularity, relater to wire fraud and money laundering. It is alleged that he gained US $128 million through wire fraud. When are we going to hear of charges against David Smith and his fellow conspirators in Jamaica?
We can now breathe a collective sigh of relief that the wheels of justice have finally started to turn and that he is being punished for the lead role that he played in this massive financial scam. So many people, mainly Jamaicans in many parts of the world, including South Florida got sucked into this seemingly legitimate scheme that ‘guaranteed’ them sailing into a future of endless wealth for their families, only to have the wind knocked out of them. Some persons lost their entire life savings, houses, cars and friends while Smith jetted around the world and cruised the blue Caribbean Sea using trusting investors’ hard earned money.
It is all good that David Smith is going to spend a long time in prison for his sins but the bigger issue has to do with the investors’ money. There is no real joy here because the financially deprived investors are the ones who have been experiencing severe punishment since the checks stopped coming a couple years ago. Every effort must be made to find the money (if there is any left) and assets of all those involved in this charlatan’s scheme, so that innocent (although naïve) investors can even get back some cents (sense too) on the dollar for their investments. Sense – yes!! As our grandparents have taught us over the years, “If it sounds too good to be true, it usually is!!”
