I Trade FX

USA v. David A. Smith: Affidavit in Support of Request for Extradition of David A. Smith

December 9, 2011

Affidavit in Support of Request for the Extradition of David A. Smith from the Turks and Caicos Islands to the USA in USA v. David A. Smith at the U. S. District Court for the Middle District of Florida.

Insider Talking: August 26, 2010

August 26, 2010

Litigation that has been taking place in Florida over the last 22 months on behalf of victims of various get rich quick investment schemes that substantially targeted Jamaican nationals or their descendants in the Caribbean and the United States is

TCI-based Ponzi scheme took in $220 m over 27 months, says liquidator

October 5, 2009

A Turks and Caicos Islands based Ponzi scheme that promised returns of up to 15% per month took in US$220 million from approximately 6,000 investors in a 27 month period from April, 2006 until it ceased operations in July, 2008.Of

Fourth fraud action against Cayman-domiciled Maydaisy Corp.

June 14, 2009

A fourth civil complaint in 11 months has been filed at federal court in Orlando by an investor claiming to have been defrauded in a Forex scheme operated by a Jamaican national using a Cayman Islands corporation.The latest action was

Investors scramble to recover up to US$1 billion as Caribbean Forex scams collapse

November 10, 2008

An epidemic of investment fraud is causing financial misery to victims who appear to be predominantly Caribbean residents and Caribbean expatriates living in the United States.Tens of thousands of investors are believed to have invested between US$650 million and US$1 billion over the last five years in more than two dozen unlicensed schemes, many of which promised returns of between 6% and 25% per month.