USA citizen Don Rowe in August 2011 filed a lawsuit in a Florida court against a number of persons including Joe Issa of Cool Corp who he has accused of money laundering activities for David Smith’s Olint corporation.
See court documents below.
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Warren's Blog 
Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. Money laundering is a crime if it is used to disguise the origins of illegally-obtained money, because the proceeds of a crime are made to appear legitimate. The methods by which money may be laundered are varied and can range in sophistication.
Joseph Issa relied on his complex web of companies to willfully conceal his money laundering activities. Joseph Issa’s MZ Holdings and USIMO Corporation apparently entered into a limited contractual arrangement with OLINT to provide certain vendor services to OLINT. MZ Holdings and USIMO bank accounts were used in connection with its OLINT vendor money laundering obligations.
MZ Holdings and USIMO are companies controlled by JI that are linked to David Smith’s OLINT scheme. David Smith plead guilty to 17 counts of Money Laundering and one count of Conspiracy to Commit Money Laundering. Mr. Smith was recently sentenced to 30 years in Federal Prison.
Attached below is a link to Official Liquidator’s Second Interim Report to the Supreme Court of the Turks and Caicos Islands. The report has exposed Mr. Joseph Issa’s money laundering activities as it relates to OLINT.
Very interesting report indeed! Is this the smoking gun that few noticed? In the Liquidator’s report below a few areas have been singled out for notice.
Click to access Liquidators_Second_Interim_Report_Highlighted.pdf
Ouch! Pressure!
My word, the document makes very interesting reading! As one talk show host in Jamaica likes to say, “keep your eyes on the Turks and Caicos Islands”. Well, I will just kick back and wait until more of the stuff hits the fan.
Based on the Official Liquidator’s Report, Joseph Issa controlled companies MZ Holdings and USIMO facilitated investors depositing/wire transferring their funds to Olint; facilitated redemptions by investors; and made payments on behalf of Olint.
The report further states that deposits to USIMO’s accounts were then consolidated and either sent to Olint or USIMO’s bank account based on Olint’s instructions. Perhaps some of the deposits received in Cayman “Butterfield Bank” were sent to Hallmark but this has not been confirmed by numerous teams of investigators. Deposits to USIMO’s accounts were then used to facilitate “money laundering” requests for encashments based on Olint’s instructions.
These statements are quite damning. The desert has certainly heated up for a particular individual. What Joey has done is not Cool at all!
Last week the Turks and Caicos Islands were abuzz about the arrest and subsequent release on bail of a former minister of government in the previous Michael Misick administration. Though an arrest was confirmed, the individual was not named.
This week there were reports of two other high profile individuals being arrested.
http://www.tcijournal.com/newsite/content/nov-10-2011-–-arrests-and-rumours-arrests-–-scope-malfeasance
Cool Pertoleum now for sale. Potential buyer is a family-owned American Company. The buyer is close to completion of its due deligence on Cool Petroleum.
Has Mr. Joseph Issa informed the potential buyers about this pending case in Broward County Florida? You do not have to be a C.P.A. to determine that USD $20M is quite a liability!
Has Mr. Joseph Issa informed the potential buyer about the related Jamaica Supreme Court case?
Has the potential buyer completed its due deligence on Cool Petroleum and Joseph Issa?
http://jamaica-gleaner.com/gleaner/20111007/business/business2.html
.
If and when ex-premier Michael Misick is charged, the Special Investigation and Prosecution Team (SIPT) will have problems getting him here from the Dominican Republic to face the charges if he refuses to return, since the United Kingdom does not have an extradition treaty with that Caribbean nation.
However, the United Kingdom does have an extradiction treaty with Jamaica.
Keep your eyes on the Turks and Caicos Islands!
http://www.suntci.com/index.php?p=story&id=2129
Chal Misick arrested and charged with money laundering on November 30th 2011 by the Special Investigation and Procecution Team (SIPT).
More money laundering related arrests in the pipeline. Keep your eyes on the Turks and Caicos Islands!
The desert is getting hotter and hotter!
http://tcweeklynews.com/chal-arrested-charged-and-bailed-placed-on-strict-curfew-and-restricted-p2525-1.htm
Is Mr. Joseph Issa about to through his Cool Corp employees and directors of USIMO Frederick March and Andrew Grant under the bus????
Click to access USIMO_Docs.pdf
I wish he would
Based on the OLINT Official Liquidator’s Report, Joseph Issa controlled company MZ Holdings facilitated investors depositing/wire transfering their funds to OLINT, facilitated redemptions, and made payments on the behalf of OLINT.
Click to access MZ_Holdings_Docs.pdf
I have a feeling the indictments for extradictions are going to be unsealed now.
Whitesand, what are you saying? That Muna Zein and Joey Issa have all the Olint money that was stolen?
Cool Corp Cayman Limited appears to be the largest share holder of MZ Holdings…. Cool is once again at the center of things….Keep your eyes on both the Turks and Caicos Islands and the Cayman Islands….
Now that the tide has changed will Joseph Issa be finally exposed swimming naked??? Based on the plethora of documents in the public domain, my bet is that he will be exposed very soon!!!
@ Floridian.
It appears as if MZ signifies Muna & Zein. Per the MZ Holdings docs linked above Muna Issa & Zein Issa-Nakash were the original share holders of MZ Holdings. Very intersting indeed!
JI’s name does not appear on the OLINT victim list. In spite of clearly being a co-conspirator of the scheme, JI has claimed to some that he is a victim.
If JI was truly a victim, would he not have filed a claim in the United States District Court Middle District of Florida?
Will JI paint a more truthful portrait later this week in Jamaica?
Very interesting indeed!
Click to access D_Smith_Judgment.pdf
The convicted fraudster who gave the Liberal Democrats their biggest ever donation has been arrested in the Caribbean after more than three years on the run.
Michael Brown was detained in the Dominican Republic earlier this week and his arrest, and possible extradition back to the UK, will reopen the controversy over the Liberal Democrats’ refusal to hand back the £2.4m donation.
http://www.independent.co.uk/news/uk/crime/convicted-lib-dem-fraudster-is-arrested-in-dominican-republic-6286304.html
you guys must get in contact with Peter Bunting and give these info(documents) to him………..facebook,phone, email
or visit his office in person with the evidence………and .maybe he will work out something with the US authorities
Well and interesting beginning now Smitty. You see forget about the double cross fro now the triple and quadruple cross going to sting.
Looks like the “damage control” agent who was hired was himself a fool who got caught….
More anon…get ready
Bruce gone..Holness could not cross it….gloves coming off now. For the first time friends. What was before is tame. So don’t grimace. You put names in black book? Fooolish…very foolish….
Jay, you ready for your blog to go metric? Patience…
Who Paid The Piper?
http://jamaica-gleaner.com/gleaner/20120108/news/news1.html
In a release to the media the G2K said it had begun a comprehensive assessment into the devastating loss.
“To see performing and organised members of parliament, ministers and party leaders like Dr Christopher Tufton and Bobby Montague lose their seats, a most rigorous examination is required all round. Something clearly went horribly wrong when those good leaders, and others like them, either failed to hold their seats or merely scraped through,” the release stated.
The G2K said the JLP should have carried out a most comprehensive assessment into the 32-28 seat win in the 2007 General Elections and implement a programme that would seek to mend gaps in the party’s machinery.
Read more: http://www.jamaicaobserver.com/news/JLP-needs-rigorous-exam–G2K-head#ixzz1iuJmepu5
Ha! Looking for the full hundred in the wrong direction?
Had the FSC regularly published a quarterly, one page, summary of the positions of the local commercial banks, as does the Central Bank of Belize, perhaps the approximately $75 million loss of depositors funds at the TCI Bank would not have occurred in the manner that it did.
It’s never too late to start.
We would strongly suggest that the TCI FSC start reporting publically on the institutions it overseas as one way to prevent the collusion, or the incompetency, that seems to have been present between regulators and local industry in the case of the TCI Bank.
Below is a sample of the report published by the Central Bank of Belize approximately 60 days after the end of each financial quarter. There is no reason why the FSC could not start today in making similar such information available to TCI citizens and residents.
(p.s. the public still awaits the results of any criminal investigation, spearheaded by the Attorney General’s office, into the events that led to the default of the TCI Bank.)
http://www.tcijournal.com/newsite/content/jan-9-2012-–-fsc-reporting-local-commercial-banks
Dudus’ lawyers seek new sentencing date
http://www.jamaicaobserver.com/news/Dudus–lawyers-seek-new-sentencing-date
Hmmmm…..new date for a song?
Waiting to see if rich countries ‘fry the big fish’ over corruption
It’s the turn of the developing world to watch how the west handles fraud and corruption at the highest levels
Good governance, transparency, accountability, democratic elections and the fight against corruption all rose to the top of the global development agenda in the 1990s, driven by organisations such as Transparency International. These efforts in a sense culminated in the 2003 United Nations Convention Against Corruption. In the 90s, much emphasis was laid on fighting graft from the top. “A fish rots from the head”, a Ghanaian saying goes, and so a raft of anti-corruption initiatives sprung up across the developing world, along with the shift to more liberal forms of political and economic organisation. No election manifesto was complete without the most determined exhortations with regard to corruption.
The fight has shifted from organisations to movements, from workshops on to the streets, from development practitioners to ordinary citizens – harder to measure but more difficult to ignore. Recent events in India, which has seen an unprecedented uprising against high-level corruption, are an indicator of this. The uprisings in the Middle East, too, have at their heart widespread public objection to graft among corrupt elites and to their conspicuous consumption.
In Kenya it used to be said: “Why hire a lawyer, if you can buy a judge?” Similarly, if you want to steal from a large number of people and get them to pay for it twice over – open a bank and rob it.
http://www.guardian.co.uk/global-development/poverty-matters/2012/jan/11/west-fights-corruption-development-world-watching
What is unindicted co-conspirator Joseph Issa up to these days?
“Time is longer than rope!”
In criminal law, a conspiracy is an agreement between two or more persons to break the law at some time in the future. Criminal law in some countries or for some conspiracies may require that at least one overt act must also have been undertaken in furtherance of that agreement, to constitute an offense.
There is no limit on the number participating in the conspiracy and, in most countries, no requirement that any steps have been taken to put the plan into effect (compare attempts which require proximity to the full offence). For the purposes of concurrence, the actus reus is a continuing one and parties may join the plot later and incur joint liability and conspiracy can be charged where the co-conspirators have been acquitted or cannot be traced. Finally, repentance by one or more parties does not affect liability but may reduce their sentence.
During a press briefing this morning, Bunting said, the state was gearing to take the profits out of crime by going after white collar criminals who rarely commit acts of violence themselves but recruit foot soldiers.
Does this mean that Security Minister Bunting is now finally ready to bring Mr. Joseph Issa to justice? JI has sought to thwait justice for quite some time and has styled himself as being “untouchable”.
Read more: http://www.jamaicaobserver.com/news/Don-t-exclude-untouchables—NIAL-urges-Bunting-#ixzz1n3ZKB4nu
“Our investigation involves investigators assigned to FID, who travelled back and forth to the United States under the Mutual Legal Assistance Treaty (MLAT), to collect critical evidence to bolster the cases, which were marshalled by legal officers and forensic experts, who played an important role during the trial of this matter,” the director of the FID said.
The bespectacled Stephens warned criminals that the FID would remain resolute in its attempt to deprive individuals of wealth gained from unlawful activities and further deter the use of the country’s financial sector as a conduit for money laundering.
http://jamaica-gleaner.com/gleaner/20120223/lead/lead1.html
Below are some money laundering transactions executed by Joseph Issa controlled companies USIMO and MZ Holdings:
04/12/2006 to 9/18/2007
OlintTCI redemptions to USIMO and MZ Holdings
Transfers: MZ holdings $39 million USD
Transfers: USIMO $33 million USD
Check,09/06/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdings, Jamaica,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(2,000,100.00)
Check,09/18/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdings, Jamaica,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(1,000,100.00)
Check,10/04/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdings re redemption,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(3,000,100.00)
Check,10/17/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdings re redemption,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(2,000,100.00)
Check,10/19/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,redemption tfr to MZ Holdings,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(2,000,100.00)
Check,10/27/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,redemption tfr to MZ Holdings,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(2,000,100.00)
Check,11/06/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdings,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(2,000,100.00),16,521.74
Check,11/20/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ holdings re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(3,000,100.00)
Check,11/29/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ holdings re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(3,000,100.00)
Check,12/05/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ holdings re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(3,000,100.00)
Check,12/14/2006,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdings re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(3,000,100.00)
Check,01/16/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo Int’l re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(3,000,100.00)
Check,01/22/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,01/24/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(2,000,100.00)
Check,02/02/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(3,000,100.00)
Check,02/07/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,02/20/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,02/28/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdings re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,03/08/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to MZ Holdinhgs re redemtions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,04/04/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tf rto MZ Holdings via Usimo International,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,04/12/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,redemption tfr to Usimo,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,04/20/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo re redemptions,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,05/09/2007,Olint TCI Corp Ltd.:Olint TCI Corporate:GP HTL in Trust #2-Olint Principal,tfr to Usimo from GP re redemptions,CLIENT FUNDS 1 – US$,Noble US$ Client 101349 (Olint),(4,000,000.00)
Check,05/29/2007,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to Usimo,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,100.00)
Check,05/30/2007,93398,Olint TCI Corp Ltd.:Olint TCI Corporate,tfr to GP to replenish reserve funds,CLIENT FUNDS 1 – US$,FCIB US$ Client 1291316,(4,000,000.00)
Source: OlintTCI bank statement 9/18/2007
Billions Lost – Money Stolen -$5b Swindled In Four Years
More than $5 billion in cash and kind has been swindled from individuals and organisations over a four-year period, between 2005 and 2009. However, this is the tip of the iceberg, experts say, as the majority of fraudulent transactions are never reported to the police for several reasons, including security concerns, embarrassment and promises made to repay.
Mr. Joseph Issa appears to made a rather stellar contibution to the statistics. When will the Jamaican authorities finally prosecute this ‘white collar’ criminal?
http://jamaica-gleaner.com/gleaner/20120304/lead/lead1.html
Allen Stanford Convicted In US $7b Fraud
HOUSTON (AP) — Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was convicted Tuesday on all but one of the 14 counts he faced for allegedly bilking investors out of more than $7 billion in massive Ponzi schemes he operated for 20 years.
http://jamaica-gleaner.com/latest/article.php?id=35719
FSC Executive Director Resigns
Executive director of Jamaica’s Financial Services Commission (FSC), Rohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon.
Hopefully his replacement will have the fortitude to fully investigate MZ Holdings, USIMO, and Joseph Issa for their involvement in the OLINT ponzi scheme.
http://jamaica-gleaner.com/latest/article.php?id=35724
Whhaaat! resigned. Never take abreak from the happenings for even a minute. Danville the editor and this Barnett person (he was weak anyway). Kept running “think and check ads”
Those ads STARTED after David Smith et al were exposed. It was like a “cover my ass” retrospectively.
Anyway half that story WILL still unfold.
Well Danville Walker won’t be going to FSC so who should head FSC…David Rowe?
hmmm,,,,
Barnett assumed his responsibilities in January 2009, as Jamaica was continuing to experience the impact of the proliferation of ponzi schemes. Under his leadership, the FSC intensified its efforts to identify suspected ponzi schemes and expanded its efforts to alert and educate the public about these scams, as well as refer matters to the office of the director of public prosecutions.
Read more: http://www.jamaicaobserver.com/news/FSC-head-resigns#ixzz1oOH25rWR
NO PROSECUTIONS = FAILURE.
Oh yes I forgot..it’s Jamaica. Failure is a measurement that is not recognized.
Local implications
3.Some are asking just who is financing the one who reportedly went into hiding and is supposedly seeking asylum. They say that investigation has implications for a matter now playing itself here. They say, however, that the old adage is apt as, “If you can’t ketch Kwaku, you ketch him shut”!
Keep you eyes on the Turks and Caicos Islands and the Cayman Islands!
Things are finally heating up! The question is whether or not it is still cool in Ocho Rios?
http://jamaica-gleaner.com/gleaner/20120322/ent/ent5.html
It is now quite obvious that the long arm of the law is finally reaching out.
Clawback!
It is not only getting hot in the Turks and Caicos, it it is also getting quite hot in the desert!
Keep your eyes on the Turks and Caicos.
Its not cool to take people’s money , hmm US$140m !
That goes a far way and buys a lot of gas.
Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. Money laundering is a crime if it is used to disguise the origins of illegally-obtained money, because the proceeds of a crime are made to appear legitimate. The methods by which money may be laundered are varied and can range in sophistication.
Joseph Issa relied on his complex web of companies to willfully conceal his money laundering activities.
It gets pretty interesting at about page 9 Section 2.5 of the below report: Collection and Payout Institutions.
Click to access Liquidators_Second_Interim_Report_Highlighted.pdf
The Director of Public Prosecutions (DPP) says her office has not ruled out the possibility of bringing criminal charges against confessed fraudster David Smith.
Paula Llewellyn has also claimed that her office has not yet proffered fraud related charges against Smith, because of the failure of complainants to come forward.
This is far from true. In fact numerous complaintants have come forward and have filed official statements with the Fraud Squad accusing Mr. Smith and his coconspirator Mr. Joseph Issa of wrongdoings.
It is time to stop pussyfooting around and move forward with bringing criminal charges against the individuals resposible for the scheme.
http://jamaica-gleaner.com/gleaner/20120415/lead/lead6.html
Jamaica, according to Llewellyn, assisted United States authorities under the Mutual Legal Assistance Treaty (MLAT) in investigating the case against Smith.
Will Miss Llewellyn now provide assistance to the authorities from other jurisdictions with the same level of zeal now that the complaints are related to MZ Holldings, USIMO, and Mr. Joseph Issa???
Time will tell!!!
Ms. Llewellyn the ball has been in your court for some time and we have been waiting patiently for you to make your move.
We certainly do not want to see you suffer any embarrassment due to “disqualification”.
The clock is ticking!
Fellow bloggers please focus on the money laundering trail that leads directly to Joseph Issa……..
SHODDY ACCOUNTING
Other matters arise. Could it be that the parties are unable to give an accurate accounting because intermediaries collected money that wasn’t handed over in full, if at all? This is the well-known ‘hungry man’ problem when doing collections of any sort: give hungry man yuh food fi carry, and things likely won’t go well. So it appears that not all the food arrived at the intended destinations.
Records clearly reflect that Mr. Joseph Issa ate quite alot! He has certainly gained alot of weight over the last six years.
http://jamaica-gleaner.com/gleaner/20120515/cleisure/cleisure3.html
The fraud squad is also stepping up its efforts to arrest persons who have been operating unregulated financial schemes, all of which, Supt Chambers said, have been shut down.
“That is something that we are giving some serious attention to. We have over 10 unregulated financial institutions that we will be looking now to get some directives from the DPP (Director of Public Prosecutions) as to how we advance from here,” he said.
“The (Carlos) Hill (Cash Plus) matter is in court; there is this (David) Smith matter as it relates to Olint, but there are others for which we have several complaints and we will be seeking guidance on the progression of these.
“All of them have shut down. People have lost money, people have made complaints and people have expectations, so we need to get some work done,” said Supt Chambers, who also confirmed that World Wise Investments was one of the 10 institutions listed for further probe, following numerous complaints filed against that company.
http://www.jamaicaobserver.com/news/Identity-theft-growing_11513510
Reliable sources have indicated that Mr. Joseph Issa, MZ Holdings, and USIMO are finally front and center.
It is not only getting hot in Turks and Caicos, but it is getting hotter and hotter in our local desert!
During a recent press briefing, Bunting said, the state was gearing to take the profits out of crime by going after white collar criminals who rarely commit acts of violence themselves but recruit foot soldiers.
Does this mean that Security Minister Bunting is now finally ready to bring Mr. Joseph Issa to justice? JI has sought to thwait justice for quite some time and has styled himself as being “untouchable”.
Read more: http://www.jamaicaobserver.com/news/Don-t-exclude-untouchables—NIAL-urges-Bunting-#ixzz1n3ZKB4nu
Mr. Joseph Issa, THE police have issued a warning for those who allow others to use their bank accounts to facilitate the movement of large sums of money.
Assistant Commissioner of Police (ACP) Devon Watkis said Jamaica is signatory to several international conventions, which seek to combat money laundering, and those people who allow their accounts to be used could face charges.
“All of those conventions bring some obligation on Jamaica and the financial system, which transmits to the responsibility of the individual citizen,” he said.
Read more: http://www.jamaicaobserver.com/news/-Don-t-let-others-use-your-bank-accounts–ACP-warns#ixzz1zZs5cDEh
Scammers all around
6. Stories are circulating that some of those who are trustees of the monies remitted to these shores by the gullible, in search of lottery winnings, are themselves scamming the scammers by holding on to the remitted funds, leaving the original scammers with no redress as they, fearing arrest, make no report.
Joseph Issa allegedly operated his scheme in a similar manner. He allegedly scammed the master scammer David Smith. Tracing is a hell of a remedy!
http://jamaica-gleaner.com/gleaner/20120816/ent/ent4.html
Extradition warrant for Jamaican wanted for bank robbery.
On Tuesday Mr. Edwards will face the Yallas Resident Magistrate’s Court to answer three counts of money laundering.
It appears that the Caymanian Police are serious about apprehending Money Laundering criminals.
http://rjrnewsonline.com/news/local/extradition-warrant-jamaican-wanted-bank-robbery
Time for business
Some say the business is little more than an attempt at money laundering. They say the loads of money collected over a period and channelled through a particular bank account, but which found its way into the personal coffers of the designated money holder, instead of the organisation for which it was intended, has to be accounted for, and hence the new development.
http://jamaica-gleaner.com/gleaner/20120906/social/social2.html
World Wise File Goes To DPP
FRAUD SQUAD investigators, who have for months been probing the operations of the failed investment scheme World Wise Partners, have turned over their findings to the Office of the Director of Public Prosecutions (DPP) for a ruling.
DPP Paula Llewellyn confirmed yesterday that late last month her office received “several files pertaining to World Wise”.
“Like with every file we get, we will go through them very thoroughly to determine if there is enough to mount a viable prosecution,” Llewellyn said.
http://jamaica-gleaner.com/gleaner/20121006/lead/lead4.html
The Joseph Issa / USIMO files have been turned over to the DPP for quite some time. When will have a ruling on this matter from the Office of the Director of Public Prosecutions?
We are aware of the fact that you must go through the files thoroughly to determine if there is enough to mount a viable prosecution. However, this process should not take years to be completed.
Not Cool Not To Procecute the Cool One!
Allen Stanford: From Billionaire to Inmate
When they first started the business, Davis said Stanford could do whatever he wanted on Antigua. He had the island’s chief banking regulator in his back pocket. In a bizarre twist, the two even sealed a bribery scheme deal by becoming “blood brothers,” cutting their fingers to mix their blood, according to Davis.
“To lose $1.3 million to someone that absolutely stole the money from me is just horrific,” Dorrell told CNBC’s “American Greed.”
Fellow investor Cassie Wilkinson, who along with her husband lost six-figures to Stanford’s treachery, agreed.
“The sentencing for crimes like this has become so big and so long that they’re comparing it to economic homicide, and really, that’s what it is,” she said. “Someone murdered the life that I knew, that I worked hard for. We were not born with money; we earned every single penny,” Wilkinson added
http://finance.yahoo.com/news/allen-stanford-billionaire-inmate-185652992.html
Did Joseph Issa and David Smith become “blood brothers?” Time shall certainly tell.
Senior Deputy Director of Public Prosecutions (DPP) Caroline Hay has resigned.
Hay will be heading to a local private firm.
She told The Gleaner that her resignation will take effect on January 31 next year, however she will go on leave at the end of December this year.
Hay joined the staff of the DPP as a Crown Counsel in 2003 and in 2010 rose to the rank of senior deputy DPP.
As a senior deputy DPP, she has prosecuted several high-profile cases including the murder of Ambassador Peter King.
Hay graduated from law school in 1994 and worked for one year at Myers, Fletcher and Gordon before she went into private practice.
In 2001 she entered the Government service as a legal officer of the Financial Crimes Unit now Financial Investigation Division.
She is the second senior deputy DPP to resign in less than a year.
Last year, Diahann Gordon Harrison resigned to take up post at Children’s Advocate.
DPP Paula Llewellyn needs to finally make an ascertainment that there is enough to mount a viable prosecution of Joseph Issa for the key role he played in the OLINT fraud.
If this cannot be achieved in a timely manner, then she too should resign, and save herself from potential embarassment due to recent developments.
Changes to Mutual Assistance Criminal Matters Act
The Jamaican House of Representatives on Tuesday approved changes to the Mutual Assistance (Criminal Matters) Act, which could have implications for the probe into Olint, a failed pyramid scheme.
The Turks and Caicos Islands was among several British colonies previously not covered under the arrangement which allows for cooperation under the Act, which have now been added.
The previous restriction meant Jamaica could not co-operate with the Turks and Caicos on certain criminal matters such as the taking of witness testimonies, the production of documents, searches and seizures, as well as the forfeiture of property, whether in relation to Olint or any other investigation.
The motion, brought to the Lower House of Parliament by Attorney General Patrick Atkinson.
Mr. Atkinson said it was “more desirable that the words United Kingdom be designated and the specific countries be named; Anguilla, Bermuda, the British Virgin Islands, the CAYMAN ISLANDS and Turks and Cacios Islands.
http://rjrnewsonline.com/local/changes-to-mutual-assistance-criminal-matters-act
Scammers using banks to launder ill-gotten gains
Head of the St James Police Superintendent Egbert Parkins has revealed that the police have uncovered a new trend where scammers have turned to staging parties as a means of getting their illicit funds into the formal banking system.
http://jamaica-gleaner.com/latest/article.php?id=40881
This trend is far from new!!! Some commercial banks clearly helped the “Cool Guy” to launder his ill-gotton cash gained from the role he played in the OLINT fraudulent scheme. Was it really cash from gas???
Former TCI premier Misick arrested in Brazil
TURKS AND CAICOS — Michael Misick former Premier of the Turks and Ciacos Islands (TCI) was arrested today at the Santos Dumond airport in Rio de Janeiro by the Brazilian Federal Police.
Neil Smith, Governer’s spokesman said Misick was arrested as result of an international arrest warrant issued by Interpol and further warrant issued by Brazilian Supreme Court, it was confirmed by the TCI Special Investigation and Prosecution Team (SIPT).
Misick faces a number of serious charges relating to corruption and maladministration in TCI, a British Overseas Territory.
“His arrest was sought in relation to an ongoing investigation by the TCI SIPT into issues arising from Sir Robin Auld’s 2008-09 Commission of Inquiry relating to alleged corruption and maladministration,” Smith said in a release to the media this morning.
The UK authorities are now seeking Misick extradition to the Turks and Caicos Islands.
http://www.jamaicaobserver.com/news/Former-TCI-premier-Misick-arrested-in-Brazil
Cayman Islands Premier arrested
Tuesday, December 11, 2012 | 8:54 AM
CAYMAN ISLANDS – The Premier of the Cayman Islands, McKeeva Bush, 57, has been arrested and is currently detained in police custody in connection with a number of ongoing police investigations.
Cayman Islands Television CITN has reported that, “Officers from the RCIPS Financial Crime Unit arrested Mr Bush at around 7:00 am Tuesday morning (December 11) at his home in West Bay.”
He has been arrested on suspicion of theft, in connection with financial irregularities relating to the alleged misuse of a government credit card, Breach of trust, Abuse of office and Conflict of interest, contrary to S13, S17 and S19 of the Anti-Corruption Law 2008 respectively in connection with the alleged importation of explosive substances without valid permits on or before February 2012.
Bush was due in Jamaica in a few days time to collect an honourary degree from a Jamaican University.
http://www.jamaicaobserver.com/news/Cayman-Islands-Premier-arrested
Premier’s arrest sends strong message, says Cayman business leader
Asked whether there would be any adverse reaction to news of the arrest, Duggan acknowledged that this was “not a great day for Cayman” which relies heavily on its reputation as an international financial centre.
On the other hand; he reasoned, “we can take something positive from it in that it clearly shows both locally and internationally that law enforcement in the Cayman Islands… will investigate every allegation that’s made against anybody whether an elected government member or anybody.”
That, he said, was a “very positive sign for the international community”.
http://rjrnewsonline.com/local/premiers-arrest-sends-strong-message-says-cayman-business-leader
Brazilian Federal Police have recently stated that Rio is not a “cool place” for big criminals to seek refuge and live peacefully.
http://www.tcijournal.com/index.php?p=84414&c=1
4 years in, Madoff trustee still pursuing assets
Madoff made no investments. Instead, principal was simply being paid out bit by bit to other investors.
Having to hammer home that reality — over and over — to disbelieving investors was one of the first major hurdles, Sheehan said. Win or lose, Madoff clients were only entitled to what they put in.
Investors who had reaped fake profits had to accept they had “someone else’s money,” Sheehan said. “We had no choice but to get it back.”
http://jamaica-gleaner.com/gleaner/20121217/business/business2.html
THE CAYMAN ISLANDS IS NOT A “COOL PLACE” TO LAUNDER FUNDS!!!
The Cayman Islands, a British Overseas Territory, has the highest number of hedge funds in the Caribbean and has historically attracted companies such as Bain Capital LLC and Medtronic Inc. (MDT) looking to lower their tax burden. The nation was home to 10,979 funds as of Sept. 30, up from 9,258 in 2011, according to the country’s monetary authority.
In a statement yesterday, the Cayman Finance trade association said it supported an investigation of the charges and that the political debate wouldn’t affect their industry.
“The financial services industry operates independently of the political arm of the legislature and any potential criminal charges against an individual do not impact the ongoing effective functioning of the government or the Cayman Islands Monetary Authority,” according to the statement.
http://www.bloomberg.com/news/2012-12-19/cayman-islands-premier-bush-removed-from-office-after-arrest.html
CAYMAN ISLANDS GOVERNOR APPOINTS NEW PREMIER
KINGSTON, Jamaica — The Britain-appointed governor of the Cayman Islands named Julianna O’Connor-Connolly as the Caribbean territory’s new premier on Wednesday, a day after the former leader was removed by a parliamentary vote over his arrest on suspicion of misconduct.
Gov. Duncan Taylor said O’Connor-Connolly was supported by a majority of governing party lawmakers and he was satisfied she could form a “stable, functioning government.”
May God Bless the Queen.
http://www.miamiherald.com/2012/12/19/3149062/cayman-islands-governor-appoints.html
Jamaica, Jamaica we are so far behind the rest of the caribbean its no longer funny. Politicians here in Jamaica feels they are above the law and that is about to change, be warned !
Enough is enough !
Sent from my BlackBerry® wireless device from LIME.
Argentina: Former minister sentenced to four years in prison
The unanimous ruling said Miceli was guilty of the “aggravated cover up” on an illegal financial maneuver and obstruction of justice for getting rid of a police report on the money bag.
http://jamaica-gleaner.com/latest/article.php?id=41952
Many politicians in Jamaica could potentially be found guilty of playing a role in the “aggravated cover up” of the OLINT ponzi scheme.
Failure thus far to prosecute Joseph Issa and David Smith in Jamaica is likely being viewed by REGINA as part of the “aggravated cover up”.
DPP Paula Llewellyn needs to finally make an ascertainment that there is enough to mount a viable prosecution of Joseph Issa for the key role he played in the OLINT fraud.
Partners in Ponzi scheme scam jailed
The court had previously heard people were falsely promised huge returns on their investments, with their cash then funneled through a front company, which had accounts at the Bank of Bermuda.
Montana State Auditors Office told how Bermudian businessman Curtis helped run the scheme. The Montana Commissioner fined Curtis $335,000 in November 2010.
The following month the Bermuda courts jailed him for 15 months for operating an unlicensed investment business.
Joseph Issa funneled OLINT ponzi scheme funds through his front company USIMO, which had accounts in Jamaica and the CAYMAN ISLANDS.
http://www.jamaicaobserver.com/news/Partners-in-Ponzi-scheme-scam-jailed
Do you really want to run?
The following two documents are scans of letters from Michael Misick who is currently in a Brazilian prision awaiting transfer to the United States and the Turks and Caicos Islands.
It should be remembered that law enforcement agencies in the United States, Jamaica, the Cayman Islands and the Turks and Caicos Islands are working together to address a large list of crimes commited cross-border in these four jurisdictions.
http://www.tcijournal.com/index.php?p=84432&c=1
A Meal Best Served Cold
I know “putting this sad era behind us”, “we’ll pray for you” and “forgiving and forgetting” are the catch phrases you would like to read and hear in the press and from the public, but my favorite saying right now is “Revenge is a meal best served cold.”.
We have had plenty of time to “cool off” and think things through here in the TCI, but forgive and forget?
I don’t think so.
Enjoy your time in Hell and keep those press releases coming, they really make my day.
http://www.tcijournal.com/index.php?p=84433&c=1
Enforce The Laws Against Scammers
Quite correctly, the Government has promised to bring these offences under the umbrella of the Proceeds of Crime Act, which allows for the civil recovery of property from persons who are deemed to be engaged in a criminal lifestyle, from which they accumulated the contested property. We, however, suggest a broader amendment to this act to make it easier, along the lines of Section 14 of the lottery scam legislation, for authorities to go after criminal proceeds.
Not Cool Not to Prosecute the Cool One!
http://jamaica-gleaner.com/gleaner/20130313/cleisure/cleisure1.html
DPP advises police to charge World Wise operators
The charges to be brought are:
1) Operating an unlicensed securities business contrary to Section 7 of the Securities Act.
2) Operating as unlicensed investment advisors contrary to Section 8 of the Securities Act.
3) Fraudulently inducing persons to deal in securities contrary to Section 47 (a) of the Securities Act.
Yesterday evening, the police said that they were preparing arrest warrants for the World Wise operators, who are no longer living in Jamaica.
Not Cool Not to Prosecute the Cool One!
http://www.jamaicaobserver.com/news/DPP-advises-police-to-charge-World-Wise-operators_13874239
McKeeva Bush formally charged
GEORGETOWN, Cayman Islands (CMC) — Former Cayman Islands Premier William McKeeva Bush has been formally charged with two counts of misconduct after he was arrested late last year.
Joseph Issa funneled OLINT ponzi scheme funds through his front company USIMO, which had accounts in Jamaica and the CAYMAN ISLANDS.
It should be remembered that law enforcement agencies in the United States, Jamaica, the Cayman Islands and the Turks and Caicos Islands are working together to address a large list of crimes commited cross-border in these four jurisdictions.
http://www.jamaicaobserver.com/news/McKeeva-Bush-formally-charged_13901704
Not Cool Not To Proscecute the Cool One!
Firing DPP must be an option
2. A number of legal scholars and observers are now calling for a review of the statute governing the Office of the Director of Public Prosecutions. They say recent happenings point to the need to address the tenure and possible clauses for termination of any appointee to that office, to make appointees more accountable and forestall possible maladministration and/or maladroit behaviour.
http://jamaica-gleaner.com/gleaner/20130321/social/social2.html
Cops seek World Wise Operators
The Jamaican police are seeking the help of their international partners to locate operators of the failed investment scheme, World Wise Partners, who Director of Public Prosecutions (DPP) Paula Llewellyn says must face fraud charges.
http://jamaica-gleaner.com/gleaner/20130326/lead/lead5.html
Worldwise has since lost over $800m worth of properties that was purchased using stolen money from Jamaicans. Between 2008 – 2009 the man had purchased just over $1b worth of property in Broward County and also a Range Rover and a Bentley.
Just last yr there were foreclosure on a number of his properties.
https://205.166.161.12/oncorev2/search.aspx?bd=1%2F1%2F1978&ed=3%2F26%2F2013&n=Strachan%2C%20Noel&bt=O&d=3%2F26%2F2013&pt=-1&dt=ALL%20DOCUMENT%20TYPES&st=fullname&vbt=M
Search each of the three tabs ( 1,2,3)
New anti-lottery laws to give police and DPP more power
Paula Llewellyn, DPP at a seminar on Mutual Legal Assistance and Finance crimes, called for her colleagues to be trailblazers in the prosecuting of accused persons.
Proscecute the Cool One!
http://rjrnewsonline.com/local/new-anti-lottery-laws-to-give-police-and-dpp-more-power
COMPANY NAME: USIMO INTERNATIONAL CORP.
COMPANY NUMBER: 1054843
INCORPORATION DATE: 3 OCT 2006
AUTHORISED SHARES: 50,000.0000
CURRENT REGISTERED AGENT: TRIDENT TRUST Co. (B.V.I.) Ltd.
CURRENT REGISTERED OFFICE: Trident Chambers P.O. Box 146 Road Town Tortola VG1110 VIRGIN ISLANDS, BRITISH
http://www.icij.org/offshore/secret-files-expose-offshores-global-impact
Secret Files Expose Offshore’s Global Impact
A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega-rich the world over.
The leaked files provide facts and figures — cash transfers, incorporation dates, links between companies and individuals — that illustrate how offshore financial secrecy has spread aggressively around the globe, allowing the wealthy and the well-connected to dodge taxes and fueling corruption and economic woes in rich and poor nations alike.
“Everything is much more geared toward business,” David Marchant, publisher of OffshoreAlert, an online news journal, said. “If you’re dishonest you can take advantage of that in a bad way. But if you’re honest you can take advantage of that in a good way.”
http://www.icij.org/offshore/secret-files-expose-offshores-global-impact
DPP suited for Hollywood
Published: Monday | April 8, 2013
THE EDITOR, Sir:
What is becoming abundantly clear is that the director of public prosecutions, Paula Llewellyn, is very arrogant and is a little less than competent. She has made some very strange and questionable decisions. All men deserve justice, both the rogue unloved and the brother beloved.
I do not get the feeling that she is in search of justice. I think she should do the decent and honourable thing and go.
Jamaica is in a lot of turmoil because of the breakdown of the justice system. Ms Llewellyn could use her skills where they are best needed – in Hollywood. A comedy like ‘Yes, Prosecutor’, akin to that of Yes, Minister, would earn her instant fame.
P. LOGAN
Duncans, Trelawny
http://jamaica-gleaner.com/gleaner/20130408/letters/letters2.html
Michael Misick re-arrested in Brazil
PROVIDENCIALES, Turks and Caicos (CMC) – A Brazilian court has ordered the re-arrest of former Turks and Caicos Islands (TCI) premier Michael Misick.
The spokesman for the Governor’s Office, Neil Smith said that the Brazilian Justice Minister issued his decision to refuse Misick’s appeal against a decision not to grant him political asylum.
http://www.jamaicaobserver.com/news/Michael-Misick-re-arrested-in-Brazil
Michael Misick: Turks and Caicos premier facing extradition from Brazil
As premier of the Turks and Caicos Islands, he lived the life of a playboy millionaire – now he languishes in a steamy, cockroach-infested Brazilian jail cell. Matt Sandy reports on Michael Misick`s paradise lost.
“This arrest serves to discredit the idea that major international criminals can live peacefully and spend their dirty money in Rio,” said the city`s Interpol chief, Orlando Nunes.
Please take note “Cool Guy”!
http://www.tcijournal.com/index.php?p=84630&c=1
IRS targets FirstCaribbean’s offshore accounts
The Department of Justice said the IRS summons seeks records of FCIB’s United States correspondent account at the San Francisco-based bank, Wells Fargo NA and that the summons will allow the IRS to identify US taxpayers who hold or held interests in financial accounts at FCIB and other financial institutions that used FCIB’s Wells Fargo correspondent account.
Time to connect the dots……
http://jamaica-gleaner.com/gleaner/20130503/business/business1.html
Issa company accuses Blue Equity of ‘deception’
In granting the motion for temporary injunction, Judge Trawick found that Cool International would “suffer imminent and irreparable injury through irreversible loss of its equity position and subsequent revenue resulting from the recent sale of other corporate assets, permanent dilution, dissipation and waste of the company’s only remaining corporate assets following the sale of its shares, loss or damage of corporate records and loss of revenue”.
http://www.jamaicaobserver.com/business/Cool-Group-accuses-Blue-Equity-of–secret-plan-_14534034
The phrase “The pot calling the kettle black” is an idiom used to claim that a person is guilty of the very thing of which they accuse another.
As generally understood, the person accusing (the “pot”) is understood to share some quality with the target of their accusation (the “kettle”).
Fraudster Joseph Issa needs to hush up and stop the crying. The “payback” has begun.
Businessman charged for operating ponzi scheme offered bail
Cameron has been charged with operating as a securities dealer without a licence and fraudulently inducing persons to invest in his company, JLO Trading.
When will Fraudster Joseph Issa be finally charged? USIMO certainly operated as a securities dealer without a license.
http://www.rjrnewsonline.com/local/businessman-charged-for-operating-ponzi-schme-offered-bail
Quick action needed in prosecuting those involved in money laundering
O’ Neill , the Managing Director of Freeh Group International Solutions LLC highlighted the conviction of Allen Stanford and Jamaican David Smith who ran ponzi schemes for a number of years without detection.
He said those were failings on the part of the authorities in the Caribbean and the United States.
According to O’Neil, the time it took between prosecution and arrest meant that Stanford and Smith were able to deplete some of the ill gotten assets which resulted in less going back to investors.
http://rjrnewsonline.com/local/quick-action-needed-in-prosecuting-those-involved-in-money-laundering
Anti-money laundering, terrorism financing confab today
The conference will feature local and overseas speakers who are considered experts in their fields, from diverse backgrounds including regulatory bodies of financial institutions, law enforcement, and the judiciary. Minister of Finance and Planning Dr Peter Phillips will give the opening address and the keynote address will be delivered Robert E O’Neill, former US Attorney for the Middle District of Florida
Will there be a serious discussion about Mr. Joseph Issa’s money laundering activities?
When will this money launderer finally be charged and prosecuted?
http://www.jamaicaobserver.com/business/Anti-money-laundering–terrorism-financing-confab-today_15341293
App aimed at analysing suspicious transactions coming in a few months
THERE are over 400,000 suspicious transactions executed each year in Jamaica, according to financial investigators.
At the same time, a former United States prosecutor urged the banking industry to report all suspicious transactions.
That way investigators will have more resources to uncover money laundering, says Robert O’Neill, the former US attorney who is now the managing director of Freeh Group International Solutions, a global risk management firm.
When people have all the trappings of wealth and the good lawyers and accountants, they find a way to slow down the process,” he said.
Mr. Joseph Issa is a prime example of this.
http://www.jamaicaobserver.com/business/App-aimed-at-analysing-suspicious-transactions-coming-in-a-few-months_15351100
Ponzi squeeze – House revises Security Act in bid to attract more investors
THE DECISION by the House of Representatives yesterday to amend the Securities Act to clamp down on unauthorised dealing in securities will make Jamaica a more attractive destination for investors, Finance Minister Dr Peter Phillips has said.
“In our present circumstances, I dare say especially with the examples of recent Ponzi schemes in the Caribbean – not only in Jamaica – the Caribbean and Jamaica do not have a good reputation as a safe haven for securities. This (bill) will strengthen it (the reputation) considerably,” Phillips said.
http://jamaica-gleaner.com/gleaner/20131211/lead/lead1.html
Madoff-related fraud to cost JPMorgan $2.5 billion
JPMorgan Chase to pay steep price for not reporting Madoff fraud suspicions: $2.5 billion
Federal authorities announced that the nation’s largest bank will add to its other costly financial woes by forfeiting a record $1.7 billion to settle criminal charges alleging it turned a blind eye to the Madoff fraud, plus pay an additional $543 million to settle civil claims by victims. It also will pay a $350 million civil penalty for what the Treasury Department called “critical and widespread deficiencies” in its programs to prevent money laundering and other suspicious activity.
The bank failed to carry out its legal obligations to guard against money laundering while Madoff “built his massive house of cards,” George Venizelos, head of the FBI’s New York office, said at a news conference.
Butterfield Bank Cayman also failed to prevent Joseph Issa from laundering funds related to USIMO and OLINT. This story is far from over.
http://finance.yahoo.com/news/madoff-related-fraud-cost-jpmorgan-060928100–finance.html
UPDATE: Misick unable to meet bail condition after application accepted on appeal
The bail application of former Turks and Caicos Islands (TCI) Premier, Michael Misick, which was rejected by the Magistrate’s Court in Grand Turk earlier Tuesday, was accepted on appeal in the Supreme Court later in the day.
However, according to reports out of TCI, Misick has been remanded into custody in Her Majesty’s Prison in Grand Turk because he was unable to meet the bail conditions Tuesday evening.
So Mr. Michael Misick and Mr. David Smith are both remanded into custody in Her Majesty’s Prision in Grand Turk. Old friends together in the same prison. Too bad it’s Mr. Smith who still has a lot of singing to do.
Mr. Joseph Issa may have recently figured out by now that this story is far from over. After all he is a CPA and should know that it will be all about the numbers. Watch the Turks and Caicos!
How is it that a rich, white Jamaican can rob the Jamaican people, even members of the government, his family and friends – of so much money and no one does anything about it ?
The Con Man and His Mentor
“I think David Smith is just a pawn,” says Janice Holness, executive director of Jamaica’s Financial Services Commission, interviewed at her office in Kingston. “Smith is a crook and got what he deserves, but there are bigger fish. He’s taking a fall for these people, including Jared Martinez.”
http://www.bloomberg.com/news/articles/2015-05-11/currency-con-man-says-he-got-by-with-some-help-from-famous-friend
Why is Smith still taking the fall for Big Fish Joseph Issa?
Why is it that the DPP still refuses to prosecute Mr. Joseph Issa?
COMPANY NAME: USIMO INTERNATIONAL CORP.
COMPANY NUMBER: 1054843
INCORPORATION DATE: 3 OCT 2006
AUTHORISED SHARES: 50,000.0000
CURRENT REGISTERED AGENT: TRIDENT TRUST Co. (B.V.I.) Ltd.
CURRENT REGISTERED OFFICE: Trident Chambers P.O. Box 146 Road Town Tortola VG1110 VIRGIN ISLANDS, BRITISH
http://www.icij.org/offshore/secret-files-expose-offshores-global-impact
Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. Money laundering is a crime if it is used to disguise the origins of illegally-obtained money, because the proceeds of a crime are made to appear legitimate. The methods by which money may be laundered are varied and can range in sophistication.
Joseph Issa relied on his complex web of companies to willfully conceal his money laundering activities. Joseph Issa’s MZ Holdings and USIMO Corporation apparently entered into a limited contractual arrangement with OLINT to provide certain vendor services to OLINT. MZ Holdings and USIMO bank accounts were used in connection with its OLINT vendor money laundering obligations.
MZ Holdings and USIMO are companies controlled by Joseph Issa that are linked to David Smith’s OLINT scheme.
Are we again going to allow foreign press to push this issue!
The International Consortium of Investigative Journalists Presents
The Panama Papers
https://panamapapers.icij.org/
Mr. Joseph Issa relied on his complex web of companies to willfully conceal his money laundering activities. Mr. Joseph Issa’s MZ Holdings and USIMO Corporation apparently entered into a limited contractual arrangement with OLINT to provide certain vendor services to OLINT. MZ Holdings and USIMO bank accounts were used in connection with its OLINT vendor money laundering obligations.
MZ Holdings and USIMO are companies controlled by Mr. Joseph Issa that are linked to David Smith’s OLINT scheme.
COMPANY NAME: USIMO INTERNATIONAL CORP.
COMPANY NUMBER: 1054843
INCORPORATION DATE: 3 OCT 2006
AUTHORISED SHARES: 50,000.0000
CURRENT REGISTERED AGENT: TRIDENT TRUST Co. (B.V.I.) Ltd.
CURRENT REGISTERED OFFICE: Trident Chambers P.O. Box 146 Road Town Tortola VG1110 VIRGIN ISLANDS, BRITISH