Olint boss fraud case yet again adjourned
Published:Tuesday | November 3, 2009 | 6:01 PM
The fraud trial of Olint Boss David Smith has again been adjourned in the Turks and Caicos Islands.
Mr Smith appeared in court today on 26 counts of criminal offences including theft, false accounting and uttering false documents in the TCI.
Oliver Smith, the lawyer for the former Olint boss, told The Gleaner/Power 106 News that the case was adjourned because of procedural changes.
The matter is again to be called up for mention on March 2 next year.
Mr. Smith says his client’s US$1 million bail has been extended.
The former Olint boss was first arrested in February then in June, and again in September after additional charges were laid against him in relation to the failed investment club.
In July last year, members of the Royal Turks and Caicos Islands Police Force, raided David Smith’s house and seized documents and computers.
A few months ago, Joseph P. Connolly, the liquidator appointed to wind up the failed investment scheme said there was not enough money to repay clients.