Cases / Trading, forex & commodities
David A. Smith
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Overseas Locket International Corp (OLINT), OLINT TCI Corp Ltd, I-Trade FX LLC
- Industry
- Foreign currency (forex) trading investment clubs
- How investors were recruited
- Began as a currency-trading 'club' among friends that spread by word of mouth; promoted by clergy from church pulpits in Jamaica and by a pastor in Windermere, FL
- Pitch & red flags
- Led investors to believe their money was invested in forex trading "earning 10 percent per month on average"; he was not actually trading their funds
Pitch phrases from this case
Source
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