THE Association of Concerned OLINT Members says the United States Government has assured them that their investments will be returned to them if OLINT's head David Smith is convicted.

Smith was indicted in a Florida court last month for fraud and obtaining money and property from investors under false pretence.

In a release to the media head of the Association of Concerned OLINT Members (ACOM), Godfrey McAllister, said he was given an assurance by US Deputy District Attorney Bruce Ambrose that investors would be repaid if Smith was found guilty and his assets seized.

"Mr Ambrose has assured ACOM that it is only in cases where there are no victims that US agencies such as the DEA and FBI among others, are permitted by law to seize and keep the assets of convicted criminals. Mr Ambrose extended himself to assure ACOM that in the pending case against Mr Smith there are victims that all identified funds will go to if Mr Smith is convicted," McAllister said.

McAllister said that Ambrose also gave the assurance that no discrimination would be used against OLINT victims based on nationality or country of residence or if the victims have their own legal representation if Smith is found guilty.

ACOM represents at least 1,000 investors in the failed investment club.

Smith, along with businessman, Joseph Issa, OLINT and 11 other defendants are being sued by a US-based businessman Don Dowe for allegedly bilking OLINT investors of their funds.

Related Story:

US businessman sues David Smith, Joey Issa, OLINT, 11 others

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