Olint under US pressure

[DONOTvote]

Re: Olint funded the JLP, PNP





<span style="font-size: 14pt">These unregulated &quot;clubs&quot; paying investors 10%+ per month is clearly unsustainable. If the richest financial global institutions cannot do such a thing, how in heavens name can a couple of individuals in Jamaica succeed.

I think its basic pyramid selling and the people at the head know full well that &quot;enterprise&quot; will definately collapse as they run out of investors.It is all part of the the plan to make big money quickly, hide private profits around the world until you become bankrupt and only a few who got out quick when things were going well made a profit. As for the majority- THEY WILL LOSE EVERYTHING!
Jamicans who cannot afford such losses should never put one cent into such &quot;legal&quot; scams.</span>

[Tuff Gong]

Re: Olint funded the JLP, PNP

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Littleman</div><div class="ubbcode-body">Littleman says:
<span style="color: #660000">I think OLINT was a good opportunity for many Jamaicans, the main problem is/was that there was too much money being entrusted to one organization, that wasn't subject to review of its finances.

It would appear that too many of OLINT's customers invested far more than they should have, judging by a significant increase in health-stress related illnesses.</span>

Dr. Dudd said:
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">I dion't think that having an MBA usor even a PHD is evidence of an education I am aware that you attendde and graduated Campion and nkow of bachelors an MBA acheivements....
and i am really able to spell,irrespective of what others might say.
</div></div>

Littleman says:
<span style="color: #660000">Be careful Dudd, what you say here may well apply to yourself, as well. Also, it's not what others may say about your spelling, it's what they are reading from you.</span> </div></div>

LOL...you are<span style="font-family: 'Arial Black'"> mildly </span>chastising your <span style="font-family: 'Arial Black'">mentor</span>?

[evanovitch]

World Wise clients to get money


Following several months of anxiety, clients of the unregulated investment firm World Wise Partners Limited should begin hearing when pay outs will resume.

Clients have been nervous since the company halted disbursements in June after claiming it needed time to reorganise its operations.

Last month, World Wise announced it was downsizing its operations and would close accounts containing less than US$5,000.

Spokesman for the company Robert Collins told RJR News that starting Tuesday, clients can make requests on-line for pay outs.

He said within five days they will be informed when payments will be made.

Mr. Collins said priority will be given to those clients who have never made withdrawals from their accounts.

&quot;That is what we are trying to prioritize in that payment. Clearly we can't pay out 100% in one day so we have to schedule payments. So we're going to look and say that the smaller clients who have not received principal payments or have at least made back their principal on their investments, once we've gotten to that point then we can actually schedule other dates of payment where they can begin receiving their profits,&quot; said Mr. Collins.

The company has stated that it will be cutting back on clients until it obtains a licence from the Financial Services Commission.

New offices not opened but will not affect payments

World Wise said it is not yet in a position to open its new offices as the building is still being worked on and is not ready for occupancy.

The company said this will not affect the repayment of its clients.

&quot;The on-line portal will address in a very organized way disbursement, so the building being opened or not will not affect payments.

It's an area code but at the end of the day with modern technology we can actually facilitate our clients via our on-line portal,&quot; said Mr. Collins.

He said the new offices should be opened later this month.

World Wise which was situated on Ruthven Road recently relocated to premises on Old Hope Road.