CARACAS, Venezuela (AP) — Venezuela’s opposition on Monday released an audio recording that it said contains a prominent member of the ruling party discussing political strategy with a Cuban intelligence officer.
Opposition lawmaker Ismael Garcia said the recording captures a phone conversation between state ...more »
KINGSTON, Jamaica — Former Cash Plus boss Carlos Hill this morning pleaded not guilty to fraud charges in the Home Circuit court.
Hill, who was charged in April 2008, is facing trial for fraudulently inducing persons to invest in the Cash Plus scheme.
He faces seven years behind bars, if convicted.
Hill was scheduled to go on trial a week ago. However, Hugh Wildman, former trustee in bankruptcy, and liquidator of Cash Plus, requested a delay.
Wildman told the court there were positive developments, which could benefit depositors as Hill intends to repay depositors who lost more than US$100 million in Cash Plus.
Last Friday reports emerged, suggesting that Hill has more than US$75 million within reach, paving the way for a possible pay out to Cash Plus investors.
The former Cash Plus CEO also promised that, on or before March 25, the Office of the Trustee in Bankruptcy would receive a bank letter, confirming that US$90 million has been blocked on behalf of the Trustee in Bankruptcy for repayment to lenders to Cash Plus.
Seven jurors have been selected today and witnesses will be called when the case resumes tomorrow.
POST A COMMENT
1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.
2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
4. Please do not write in block capitals since this makes your comment hard to read.