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Thursday, September 23, 2010

DAVID SMITH (OLINT) PLED GUILTY

DAVID Smith was today sentenced to six-and-a-half-years in prison after he pleaded guilty to two counts of conspiracy to money laundering and two counts of conspiracy to the fraud in the Turks and Caicos Islands.

Oliver Smith (no relation), lawyer for the head of the failed Olint investment scheme, told the Observer a few minutes ago that his client’s decision to plead guilty was driven by his wife’s exposure.
According to the lawyer, David Smith’s guilty plea means that the three charges against his wife Tracy have been dropped and her right to travel has been reinstated.

4 comments:

  1. Wassup Kizzy,
    what is really going on with these Jamaican artistes? lat night I was visiting my cousin who lives next door to Twin of Twins recording studio in Red Hills, and one of the Twins did threaten to beat one poor girl senseless, as he berated her in front of the whole neighborhood. It seems the Twins learned this from their friend Bounty Killer, and they will soon join him in jail, did you ever wonder why these so called “gangsta” artistes so tuff around women? What did their Mothers do to them to be so violent and hate females so? We need you expose these guys the way you did the battymen.

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  2. N twins of twins alwayz a mek fun a Bounty. It must be stressful in the music bizniz n not everybody can handle stress. So many of them take a little "stimulant" 2 keep them awake 2 party all night 5,6 nights a week.The groupies throw themselves at them n wen the men want 2 let them go they don't want 2 go. Point in case Kadeem...so blame drop both sides of the fence. The women need 2 stop following the hype 2

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  3. Will the JLP return the $1 Billon stolen from Jamaican investors and given to them by DAVID SMITH (OLINT) for the election?

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  4. @Dr Suss obviously not!! Both political parties seemingly have a real lack of genuine integrity and ethics.Carlos scum was very generous with his political donations also..

    Olint ruthlessly swindled billions much the same way Carlos "magician" Hill did and yet we have not even been able to prosecute and serve justice to either of these bastards in jamaica.

    ...this even as the liquidator of Cash minus drags his ass, acts the fool and gourges of whatever money, however little thats available.

    Who audits the liquidators of cash plus???

    ..when will jamaican wake up and finally accept that the devastation to our economy brought about by the sudden evaporation of billions is only now taking its toll? A economy with such a small GDP as jamaica simply wouldn't absorb such a massive shock without certain devastating ripple effects..morgage defaults, loan defaults, projects collapsed, much more unemployment,less consumer spending, etc etc

    It was s abundant lack of confidence and trust in our jamaican banking cartels and their lust for super ROE and enormous interest rate spreads, that contributed to such a mass exodus of capital!

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