Cash plus 3 return to court in Sept
THE case against Carlos Hill, his brother Bertram and Cash Plus executive Peter Wilson was set for further mention when it was called up in the Half-Way-Tree Resident Magistrate’s Court this morning.
The men are to return to court on September 20.
They are charged with obtaining money by false pretence and conspiracy to defraud.
Hill is charged separately with fraudulently inducing persons to invest. He will be tried in the Supreme Court on that matter
All accused were present in court this morning.
The men are facing charges stemming from the collapse of the multibillion-dollar alternative investment scheme, Cash Plus.
They are out on bail.
The men were arrested and charged in April 2008 following complaints by several Cash Plus investors.
The complainants reported that they invested a total of $30 million in the scheme.