Of Jobs, Jobs, Jobs & David Smith Breaks His Silence.

Of Jobs, Jobs, Jobs & David Smith Breaks His Silence.
TATLER
By the www.jamaicaobserver.com
Monday, November 24, 2008

Credit crisis indeed! On Monday, the credit balance was US$1,000. By Wednesday morning US$318,000 was charged on the account with no transaction history detailing how the charge was incurred. When the customer asked ‘How come?’, the bank’s response was that they’d be conducting internal investigations. Hmmm, yet another case of ‘Same Way So’.

And you know things are a little iffy when granny gets quoted – foot nah stay mek body get hurt. The once best friend and dare we suggest largest holder of government bonds, is in ditch mode.

Mystery solved! It certainly wasn’t a cash transaction.

This one is, however, the stuff of legends for who would have thunk it possible to load ‘em up, lunch, juice and placards and position them in place to yell “blue murder” or was it “Jobs, jobs, jobs”.

He’s got them all in a tizzy, but when you’ve already been battered and bruised it’s best to stay below the radar.

A Bientôt!

PS Well the ever-so-long silence has now turned into a sudden apology: “Let me start by sincerely apologising to each one of you for the absolute lack of communication on my part with you the members of the club. This has definitely not been my desire but due to the money laundering allegations in the Turks and Caicos Islands directed at me, Olint TCI and TCI FX Traders it has been impossible for me to communicate with you”. The pity many have been bitching is that there’ll be no Thanksgiving shopping spree.
There’s more from the letter: “I want you all to know that I truly understand what each and every one of you is going through because my family and I are experiencing it also. I know there are many rumours out there that would contradict my last statement and that is exactly what they are, vicious rumours. I urge each and every one of you not to be blinded by the rumours and to weigh in your minds the things you hear and see them for how farfetched they are.”

PPS There is, however, LADS (life after David Smith) and it’s called Fiction and the location is the Market Place. More anon.

Battle for OLINT’s assets continues

Battle for OLINT’s assets continues
Tuesday, 18 November 2008
By radio Jamaica
Lawyers representing embattled head of the foreign exchange investment club Olint, David Smith, have applied to the High Court in Turks and Caicos Island to lift a freeze on the multi-billion dollar assets of OLINT.

The application was heard yesterday and the High Court is to rule on January 9, whether the freeze will be lifted.

Thousands of OLINT’s investors in Jamaica and abroad have been left in limbo since the authorities on the British dependent territory ordered a freeze of Mr. Smith’s assets in July.

The action followed a major raid on Mr. Smith’s offices by a joint team from the United States and the Turks and Caicos.

Officials on the Turks and Caicos Islands claimed then, that OLINT was involved in suspicious financial activities.

Several computers
and files were seized in the raid.

Mr. Smith has strongly denied the allegations and has assembled a high powered team of attorneys led by Lord Anthony Gifford to press the authorities in the Turks and Caicos to release his assets.   -