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David Smith faces longer extradition wait to US

Published:Monday | June 22, 2015 | 9:40 AM
Last week, a Turks and Caicos Islands judge approved David Smith's extradition to the US on money laundering charges. The judge did not authorise extradition on wire fraud charges

David Smith's extradition to the United States may take longer than initially anticipated.

Smith is the Jamaican convicted of running a ponzi scheme in the Turks and Caicos. 

Last week, a Turks and Caicos Islands judge approved his extradition to the US on money laundering charges.

The judge did not authorise extradition on wire fraud charges

The Associated Press is reporting that prosecutors in the British Caribbean territory say Smith hasn't complied with a 2012 court order to repay US$20.9 million.  

A hearing is set for tomorrow, and could lead to as many as eight more years in prison on the islands before he would be sent to the US.

Smith's defense team has applied to the islands' supreme court to reduce the amount owed.

However, that application is being opposed by the prosecutor and the attorney general.

Smith operated the Olint investment group that  bilked about US$220 million from investors across central Florida and the Caribbean.