Cash Plus-oops! I Mean Cash 'Negative'

[Blackstar*]

Re: Cash Plus-oops! I Mean Cash 'Negative'

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen_theFoodie</div><div class="ubbcode-body">mi nuh know how much she lass. after mi tell people nuh fi do sitten one time and dem guh dweet, mi nuh waan hear nothing bout it again. [img]/forums/images/%%GRAEMLIN_URL%%/whistle.gif[/img] sound harsh but mi lack the patience fi this kinda nonsense.

like mi also tell har nuh fi buy big house last year. 2 retired owl people nuh need big house for so many reasons. she guh buy it. [img]/forums/images/%%GRAEMLIN_URL%%/whistle.gif[/img]

all who cant hear muss feel.



[img]/forums/images/%%GRAEMLIN_URL%%/grin.gif[/img] </div></div>
I bet you never thought you would grow up to sound like your mother. LOL Anyway, I hope they didn't lose too much or else they might have to sell the house and move in with you. [img]/forums/images/%%GRAEMLIN_URL%%/wink.gif[/img]

[sistactry]

Re: Conspiracy to Defraud

<span style='font-size: 14pt'> <span style="color: #003300">Yes, me hear say dem find how much millions in overseas bank accounts!! </span> </span>

a good, a just hope de investors can and will get back some a dem money~~ [img]/forums/images/%%GRAEMLIN_URL%%/70388-shameonyou.gif[/img]

but a someting wha him did do arredy enoh, in USA, and go a jail fah...it look like him just go a Ja and get better wid him skills~~ [img]/forums/images/%%GRAEMLIN_URL%%/70394-bawlout.gif[/img]

[Dr.Dudd]

Re: That don't look like fraud to me.

Complex web of activities linked to Cash Plus
Tuesday, 15 April 2008
Investigators into the ongoing Cash Plus saga have uncovered a web of complex financial activities involving billions of dollars linked to Cash Plus boss, Carlos Hill.

"Documents found in the Cape (in South Africa, indicate) that a loan of US$1 billion had been secured in January 2008 on at least US$2.5 billion held in five accounts in Germany," said Assistant Commissioner of Police (ACP) Les Green who heads the Major Investigations Task Force.

He said the police are also trying to confirm whether bank guarantees, loan or letters of credit exit for the following; US$450 million held in Ghana or London, US$1 billion at ABM AMRO, $100million at ISH Bank, $3 billion in a bank draft from KAS Bank together with US40 million cash and US$10 million from HSBC.

He said all these funds were held in the name of Galina Trust Limited.

He told a press conference Tuesday that the money trail stretched farther a field to some major overseas financial hubs.

"Additional documentation has been assessed and these indicate that other significant sums and bank accounts may exist and are believed to be held in the Dominican Republic, British Virgin Islands, the United Kingdom, Holland, Spain, Kuwait, Spain and China," he said.

Investors to wait for money

ACP Green warned anxious investors that it will take time to confirm whether the funds actually exist and even longer to recoup the money on their behalf.

Carlos Hill was arrested at his Norbrook, St. Andrew home last Thursday.

Later that day, his brother Bertram and Cash Plus' Senior Director of the Investment Peter Wilson were also arrested.

Mr. Hill's arrest came on the heels of a major investigation into numerous complaints from Cash Plus investors about the financial affairs of the five year old company.

In the meantime ACP Green said investigators have identified new lines of investigations.

He said another police operation was undertaken Tuesday morning at an unnamed location outside the Corporate Area.

[Dr.Dudd]

Re: That don't look like fraud to me.

<span style='font-size: 11pt'> Look like if they did not mess with them they woulh hgav epaid th epeople without difficulty to me. You wait until the Jamaicanm people read all of this!!
What they expect him to do if all the banks shut him out the system with the assistance of the courts?? keep it under his mattrass?? </span>

[RichD]

Re: That don't look like fraud to me.

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"> <span style='font-size: 11pt'> Look like if they did not mess with them they woulh hgav epaid th epeople without difficulty to me. You wait until the Jamaicanm people read all of this!!
What they expect him to do if all the banks shut him out the system with the assistance of the courts?? keep it under his mattrass?? </span> </div></div>so doc he is just a ligit businessman an is jus true the gov mess wid him di people a suffer?

[evanovitch]

Cash Plus PR consultant arrested

Cash Plus PR consultant arrested
published: Wednesday | April 16, 2008

As the Jamaica Constabulary Force continues its investigation into the financial affairs of Cash Plus' head Carlos Hill, a public relations consultant for the embattled investment scheme was arrested yesterday.

The Constabulary Communication Network reported that following an operation in Ocho Rios, St Ann, by members of the Organised Crime Investigation Division, Garwin Davis, freelance journalist and public relations consultant, was taken into police custody.

Davis was charged with possession of a forged United States passport, forgery of a United States passport and false declaration.

The police said Davis has travelled extensively, specifically between 1992 and 1995, on the forged US passport with his photograph which bears the name Timothy Earl Mitz.

[evanovitch]

Hill may have spread cash across continents

Hill may have spread cash across continents
published: Wednesday | April 16, 2008


Police investigators have revealed they will be seeking to confirm the existence of more than US$4.6 billion (J$326.6 billion) stashed across the globe, for which documentation was seized from the home of Cash Plus Limited boss Carlos Hill.

The Jamaica Constabulary Force (JCF) said yesterday, during a press briefing at the police commissioner's office in St Andrew, that it was continuing its investigation to determine the financial status and assets of the unregistered investment scheme.

The police said Hill is scheduled to appear before the Half-Way Tree Resident Magistrate's Court in St Andrew tomorrow to answer to charges relating to fraudulent conversion of money provided by investors and conspiracy to defraud.

Investigations abroad

Assistant Commissioner of Police Les Green told journalists that investigations may have to be conducted in Europe, the Caribbean and the Far East to assess Hill's financial affairs.

A number of materials and documents found at Hill's premises last Thursday showed more than US$4.6 billion lodged in various countries, in the name of Galina Trust Limited, which is registered in the Turks and Caicos. These funds, said Green, will have to be confirmed.

"I urge restraint regarding what appears to be vast sums of money as it will take time to confirm their existence," Green said.

"Additional documentation has been assessed and these indicate that other significant sums and bank accounts may exist and are believed to be held in the British Virgin Islands, UK (United Kingdom), Spain, Kuwait and China," he added.

Documents found at Hill's Norbrook, St Andrew, home also indicate that a loan of US$1 billion had been secured, last January, on at least US$2.5 billion held in five accounts in Germany.

Green said the case was developing into a complex and lengthy investigation that may take some time to conclude.

The police also found some 186 companies either directly linked to Cash Plus or which may be affiliated with Hill himself.

"These again will have to be carefully assessed," said Green.

He said the Major Investigations Taskforce, the Organised Crime Investigation Division (OCID) and the Fraud Squad are leading the investigations.

However, as the investigations progress, international police assistance will be sought.

Home raided

Last Thursday, police personnel from the OCID, supported by the Financial Investigations Division of the ministry of finance and the public service raided Hill's property.

Carlos Hill, his brother, Bertram Hill, director of Cash Plus Developments Limited, and Peter Wilson, believed to be the chief financial officer of the investment scheme, were arrested.

K. Churchill Neita, QC, one of the lawyers representing the three men, said the police press conference was "most inappropriate and irresponsible because it is calculated to prejudice the case of the persons on whom there is a presumption of innocence".

Last week, Cash Plus' court-approved co-interim receivership manager, Kevin Bandoian, revealed the investment scheme would not be able to make good on its promise to start making repayments to its approximately 40,000 lenders by April 14.

[Dr.Dudd]

Re: That don't look like fraud to me.

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"> <span style='font-size: 11pt'> Look like if they did not mess with them they woulh hgav epaid th epeople without difficulty to me. You wait until the Jamaicanm people read all of this!!
What they expect him to do if all the banks shut him out the system with the assistance of the courts?? keep it under his mattrass?? </span> </div></div>so doc he is just a ligit businessman an is jus true the gov mess wid him di people a suffer? </div></div> Well what laws did he break?

[Dr.Dudd]

Re: Hill may have spread cash across continents

That is after the 'reciever anmd him soleages take the assets for chicken feed, Ofcoursse they won't be able to pay??

[evanovitch]

hey doc

u memba di debacle re the marley estate? dat was classic indeed [img]/forums/images/%%GRAEMLIN_URL%%/wink.gif[/img]

[Dr.Dudd]

Re: hey doc

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body"> u memba di debacle re the marley estate? dat was classic indeed [img]/forums/images/%%GRAEMLIN_URL%%/wink.gif[/img] </div></div> You se it ??

[RichD]

Re: That don't look like fraud to me.

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"> <span style='font-size: 11pt'> Look like if they did not mess with them they woulh hgav epaid th epeople without difficulty to me. You wait until the Jamaicanm people read all of this!!
What they expect him to do if all the banks shut him out the system with the assistance of the courts?? keep it under his mattrass?? </span> </div></div>so doc he is just a ligit businessman an is jus true the gov mess wid him di people a suffer? </div></div> Well what laws did he break?
</div></div>

i dont know ..but if he hasn't broken any his money will be returned to him and he will be released.

[Dr.Dudd]

Re: That don't look like fraud to me.

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"> <span style='font-size: 11pt'> Look like if they did not mess with them they woulh hgav epaid th epeople without difficulty to me. You wait until the Jamaicanm people read all of this!!
What they expect him to do if all the banks shut him out the system with the assistance of the courts?? keep it under his mattrass?? </span> </div></div>so doc he is just a ligit businessman an is jus true the gov mess wid him di people a suffer? </div></div> Well what laws did he break?
</div></div>

i dont know ..but if he hasn't broken any his money will be returned to him and he will be released. </div></div> Never, once in recievership, they will destroy him.

[evanovitch]

Re: That don't look like fraud to me.

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"> <span style='font-size: 11pt'> Look like if they did not mess with them they woulh hgav epaid th epeople without difficulty to me. You wait until the Jamaicanm people read all of this!!
What they expect him to do if all the banks shut him out the system with the assistance of the courts?? keep it under his mattrass?? </span> </div></div>so doc he is just a ligit businessman an is jus true the gov mess wid him di people a suffer? </div></div> Well what laws did he break?
</div></div>

i dont know ..but if he hasn't broken any his money will be returned to him and he will be released. </div></div> Never, once in recievership, they will destroy him. </div></div>

who really cares wedda him get destroyed r not...wat about the poor people who try a ting an him was shegging dem all the while....granted,if it sound too good it really isn't ,but why was he allowed to even stawt this bizniz given wat him did go jail fah abroad...we have extradition treaty fi sen people go bak fi go jail so why we no use di said avenue fi kip up wid dem records...

di governing bodies should be ashamed of demselves fi mek dis reach dis far

[RichD]

Re: That don't look like fraud to me.

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"> <span style='font-size: 11pt'> Look like if they did not mess with them they woulh hgav epaid th epeople without difficulty to me. You wait until the Jamaicanm people read all of this!!
What they expect him to do if all the banks shut him out the system with the assistance of the courts?? keep it under his mattrass?? </span> </div></div>so doc he is just a ligit businessman an is jus true the gov mess wid him di people a suffer? </div></div> Well what laws did he break?
</div></div>

well seems liek they think he might have broken a few...

charged


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Carlos Hill was charged under the Larceny Act with four counts of fraudulent conversion and four counts of obtaining money by false pretence. He was also charged under Common Law with one count of conspiracy to defraud.
</div></div>