THE fraud trial of former Cash Plus Boss Carlos Hill was today rescheduled in the Home Circuit Court.

The postponement was granted after the prosecution told the court that a related civil matter, which could affect the case, is scheduled for hearing early December in the Court of Appeal.

Hill’s $15-million bail has been extended to March 12, 2012 when the trial is expected to proceed.

Hill is facing the court on allegations that he fraudulently induced persons to invest in his Ponzi scheme, which could land him seven years behind bars if convicted.

The charge stems from the collapsed billion-dollar alternative investment scheme that Hill operated for five years up to 2008.

Hill, along with his brother Bertram and former Cash Plus executive Peter Wilson, is also facing charges of obtaining (money) by false pretense, conspiracy to defraud and fraudulent conversion in the Corporate Area Resident Magistrate’s Court.

However, the latter case has been adjourned indefinitely, awaiting the outcome of the former Cash Plus boss’s trial.

The three men were arrested and charged in April 2008 following complaints by several investors in the unregulated scheme.

Hill is also facing several multi-million dollar lawsuits from the scheme’s investors.