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Cash Plus has over US$4B worldwide, say Police |
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Wednesday, 16 April 2008 |
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It has been ascertained that documents seized from the home of Cash Plus Limited boss Carlos Hill reveal the existence of more than US$4 billion deposited worldwide. The police have begun investigations to confirm the find and to determine the financial status and assets of the investment scheme. Hill is scheduled to appear before the Half-Way Tree Resident Magistrate's Court tomorrow on charges relating to fraudulent conversion of money provided by investors and conspiracy to defraud. Les Green, the Assistant Commissioner of Police, reported that investigations may have to be done throughout the Caribbean, Europe and the Far East to assess Hill's financial affairs.
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Wednesday, 16 April 2008 |
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Two teenagers, one of whom is the son of a People's National Party (PNP) councillor/caretaker, led the police to residential address in Stony Hill where more than 1500 "Cuban" light bulbs were found. The police from the St Andrew North Division report that they were conducting spot checks and stopped a Toyota Yaris motor car during operations at about 1:45 pm yesterday. While searching the teens, it was ascertained that the car in which they were travelling was stolen a few days earlier. The teens then accompanied the police to the premises in Stony Hill where the bulbs were discovered.
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Cash Plus CEO To Face Fraud Charges |
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Tuesday, 15 April 2008 |
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Cash Plus CEO, Carlos Hill, is set to be charged with fraud today. Hill, along with his brother Bertram Hill Cash Plus CFO, Peter Wilson are also expected to be charged today. The three were arrested last Thursday, following reports by the court appointed receiver that Cash Plus had no money to repay investors. The investigators from the Major Investigations Task Force, say investors had also reported that they were defrauded by the investment company.
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| Results 99 - 105 of 156 |
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The national carrier, Air Jamaica, is facing problems once again as U.S. Customs and Border Protection (CBP) officers at the Philadelphia International Airport found a little over nine pounds of cocaine and marijuana in eight packages aboard a flight on Sunday. The officers were alerted after...