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Olint investors assured of non seizure of monies
Sep 8

Jamaicans who invested in the failed Olint investment scheme, are being assured that US authorities will not seize monies belonging to them.

 

The Association of Concerned Olint Members (COM) says it got the assurance from United States Deputy District, attorney Bruce Ambrose.

 

ACOM was concerned that its members could lose their monies, if former Olint boss David Smith is convicted on fraud and money laundering charges in the United States.

 

Chairman of ACOM, Godfrey Mcallister, says US authorities could seize assets belonging to Olint, if they had been tainted by money laundering.

 

However, he says, Jamaicans and other Olint investors are being assured that funds will not be touched, in cases where there are victims.

 

If Mr. Smith is convicted, the funds will go to Olint’s victims, who are registered with the US victim co-coordinator.

 

ACOM says there would be no discrimination against any victim, based on their nationality, or any other factor.

 



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