DPP advises police to charge World Wise operators
THE Director of Public Prosecutions (DPP) yesterday advised the police to charge the operators of World Wise Partners.
The DPP issued the advice after reviewing information presented from investigations by the Police Fraud Squad.
The charges to be brought are:
1) Operating an unlicensed securities business contrary to Section 7 of the Securities Act.
2) Operating as unlicensed investment advisors contrary to Section 8 of the Securities Act.
3) Fraudulently inducing persons to deal in securities contrary to Section 47 (a) of the Securities Act.
Yesterday evening, the police said that they were preparing arrest warrants for the World Wise operators, who are no longer living
in Jamaica.
“The police, with the assistance of overseas law enforcement, will be making strenuous efforts to locate the operators of World Wise Partners in order to officially lay the charges and bring them before the local court,” the police said in a news release.
World Wise Partners was one of the alternative investment schemes that folded a few years ago.
