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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. Assistant Commissioner of Police, Les Green, who is the head of the unit, said that their investigations will now be focused on Hill's overseas business interests. This as investigations revealed that Cash Plus isn't the owners of several high profile real estate properties for which they had claimed ownership. Green also asking anyone who might have information regarding the property or assets owned by Cash Plus to contact the police. The Cash Plus International Group of Companies, which includes Cash Plus Ltd. was founded in 2002 by mortgage banker Hill after serving time in jail in the U.S for similar charges to the ones he now faces.
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