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<span style="font-weight: bold">News Source: OTGNR - </span>
<span style="font-weight: bold"> Confirmed : Cash Plus boss back in court today ( RJR )...</span>
Carlos Hill, former boss of the Cash Plus Investment Club, who is out on $15 million bail, is scheduled to appear before the Home Circuit Court on Monday. This will be his second court appearance since he was taken back into custody two months ago.When he faced the Corporate Area Criminal Court on November 16, prosecutors entered a nolle prosequi, moving the case to the Home Circuit Court.He later appeared before Mr. Justice Marsh, who offered him fresh bail.As part of the bail condition, Mr. Hill was instructed to report to the Organised Crime Investigation Division, every Monday, between six in the morning and eight in the evening.Mr. Hill willbe tried by a jury on an indictment that accuses him of fraudulently inducing persons to invest in the Cash Plus scheme.He faces seven years behind bars if convicted.The prosecutors also entered a nolli prosequi in the case against Mr. Hill's brother, Bertram, and former Cash Plus accountant, Peter Wilson.This means that the charges against the two men have been put on hold, indefinitely, pending the outcome of Carlos Hill's trial. The Hill brothers and Mr. Wilson were arrested in April 2008, following investigations into the operations of Cash Plus.Investors lost hundreds of millions of dollars in the collapsed scheme.
<span style="font-weight: bold"> Confirmed : Cash Plus boss back in court today ( RJR )...</span>
Carlos Hill, former boss of the Cash Plus Investment Club, who is out on $15 million bail, is scheduled to appear before the Home Circuit Court on Monday. This will be his second court appearance since he was taken back into custody two months ago.When he faced the Corporate Area Criminal Court on November 16, prosecutors entered a nolle prosequi, moving the case to the Home Circuit Court.He later appeared before Mr. Justice Marsh, who offered him fresh bail.As part of the bail condition, Mr. Hill was instructed to report to the Organised Crime Investigation Division, every Monday, between six in the morning and eight in the evening.Mr. Hill willbe tried by a jury on an indictment that accuses him of fraudulently inducing persons to invest in the Cash Plus scheme.He faces seven years behind bars if convicted.The prosecutors also entered a nolli prosequi in the case against Mr. Hill's brother, Bertram, and former Cash Plus accountant, Peter Wilson.This means that the charges against the two men have been put on hold, indefinitely, pending the outcome of Carlos Hill's trial. The Hill brothers and Mr. Wilson were arrested in April 2008, following investigations into the operations of Cash Plus.Investors lost hundreds of millions of dollars in the collapsed scheme.