Wednesday, February 22, 2012
   
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Chairman's Address to ACOM General Meeting

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I join the sentiments expressed by our Meeting Chair, Jermaine Nicholas, in heartily welcoming each person here today. We have put in hundreds of man-hours to bring ACOM to where it is today... and we have done that in exactly one month.

I will delineate just one episode in our very brief existence that will unquestioningly validate the efficiency and effectiveness that your Steering committee has demonstrated. On February 3, 2010 two groups that had recently independently met with Dr. Christopher Malcolm held a combined Meeting in Kingston. The Meeting ended at about 9.30 pm.

Now watch this! That was Wednesday, February 3 between 7.00 pm. And 9.30 pm. In that Meeting the Association's Name was decided. The aims and objectives were enunciated. The macro strategy was articulated. The requisite group cohesiveness was demonstrated. Within 24 hours of that meeting, by February 4, ACOM had acquired multiple domains on the Internet covering both the long and short versions of our name. ACOM had built a website... yes you heard me right... we had built a website... ACOM had tied down a web-hosting contract... ACOM's website had been populated around the world-wide web... and yes... www.ACOMaction.com was live.

One of the motivations that drove that focused frenzy of activity was the harsh reality that the well-funded Price-Waterhouse-Cooper Guru Joseph Connolly and his impressive entourage of deputies, associates and legal counsels would be putting on one of the most expensive shows of its kind, on Monday, February 8... and ACOM had just been born... and did not even have the customary time to be weaned. We had to explode into action immediately... and explode we did.

As a matter of fact so explosive was our activity that on February 8, the Turks and Caicos Island's appointed Liquidator Mr. Joseph Connolly got the shock of his life when he realized that there was on the ground, in Jamaica, a group of Olint Members who, admittedly late in the day, had come together with an agenda to recover as much of our money as soon as possible and at the least possible liquidation cost, and that that group's agenda might in many ways operationally conflict with his.

On February 8 at the Jamaica Conference Center, Mr. Connolly did several notable things. First he told the minority of Olint Members that as a result of his seven (7) months of hard, back-breaking, pains-taking work he had identified a maximum of US$12,000,000.00 which was to be shared among a specially privileged class of Olint members called Secured Creditors... and that each so-designated Elite Olint Member will receive 3.8 cents out of every 100 cents of their net deposit to Olint.

Secondly, on February 8, Mr. Connolly declared to the overwhelming number of Olint Depositors who Connolly has styled as “Unsecured” that as a result of his seven months of hard, back-breaking, pains-taking work... he was going to be returning to us, zero cents out of every 100 cents of our net deposit in Olint.

When the average or mean position is calculated, Mr. Connolly and his Turks and Caicos entourage traveled to Jamaica at our expense to tell us that on average, he would be repaying every Olint Depositor, less than 1 cent of our net deposit in Olint. As a matter of fact, when one shattered, emotionally emaciated Olint Member to the cheers of the entire auditorium asked Mr. Connolly why he brought us here to tell us that he has nothing to give us... Mr. Connolly's response was, inter alia, “Would you have preferred if I had stayed in the Turks and Caicos Island and told you?” At that point hundreds of angry Olint members stormed out of the meeting.

However the third and arguably the most significantly notable thing that happened on Feb 8 is that Mr. Connolly appears to have abruptly changed course on what many of us believe to have been a full speed ahead quest for authority to extend his jurisdiction beyond Olint TCI to Olint Corp Jamaica and to Overseas Locket International (Panama). ACOM operatives attended the Feb 8 Meeting armed with a highly effective flyer to which Mr. Connolly referred on several occasions as he vehemently denied that he ever had any interest in Olint Corp Jamaica and Overseas Locket... the two entities that ACOM believes are likely to be directly or indir

I join the sentiments expressed by our Meeting Chair, Jermaine Nicholas, in heartily welcoming each person here today. We have put in hundreds of man-hours to bring ACOM to where it is today... and we have done that in exactly one month.
I will delineate just one episode in our very brief existence that will unquestioningly validate the efficiency and effectiveness that your Steering committee has demonstrated. On February 3, 2010 two groups that had recently independently met with Dr. Christopher Malcolm held a combined Meeting in Kingston. The Meeting ended at about 9.30 pm.
Now watch this! That was Wednesday, February 3 between 7.00 pm. And 9.30 pm. In that Meeting the Association's Name was decided. The aims and objectives were enunciated. The macro strategy was articulated. The requisite group cohesiveness was demonstrated. Within 24 hours of that meeting, by February 4, ACOM had acquired multiple domains on the Internet covering both the long and short versions of our name. ACOM had built a website... yes you heard me right... we had built a website... ACOM had tied down a web-hosting contract... ACOM's website had been populated around the world-wide web... and yes... www.ACOMaction.com was live.
One of the motivations that drove that focused frenzy of activity was the harsh reality that the well-funded Price-Waterhouse-Cooper Guru Joseph Connolly and his impressive entourage of deputies, associates and legal counsels would be putting on one of the most expensive shows of its kind, on Monday, February 8... and ACOM had just been born... and did not even have the customary time to be weaned. We had to explode into action immediately... and explode we did.
As a matter of fact so explosive was our activity that on February 8, the Turks and Caicos Island's appointed Liquidator Mr. Joseph Connolly got the shock of his life when he realized that there was on the ground, in Jamaica, a group of Olint Members who, admittedly late in the day, had come together with an agenda to recover as much of our money as soon as possible and at the least possible liquidation cost, and that that group's agenda might in many ways operationally conflict with his.
On February 8 at the Jamaica Conference Center, Mr. Connolly did several notable things. First he told the minority of Olint Members that as a result of his seven (7) months of hard, back-breaking, pains-taking work he had identified a maximum of US$12,000,000.00 which was to be shared among a specially privileged class of Olint members called Secured Creditors... and that each so-designated Elite Olint Member will receive 3.8 cents out of every 100 cents of their net deposit to Olint.
Secondly, on February 8, Mr. Connolly declared to the overwhelming number of Olint Depositors who Connolly has styled as “Unsecured” that as a result of his seven months of hard, back-breaking, pains-taking work... he was going to be returning to us, zero cents out of every 100 cents of our net deposit in Olint.
When the average or mean position is calculated, Mr. Connolly and his Turks and Caicos entourage traveled to Jamaica at our expense to tell us that on average, he would be repaying every Olint Depositor, less than 1 cent of our net deposit in Olint. As a matter of fact, when one shattered, emotionally emaciated Olint Member to the cheers of the entire auditorium asked Mr. Connolly why he brought us here to tell us that he has nothing to give us... Mr. Connolly's response was, inter alia, “Would you have preferred if I had stayed in the Turks and Caicos Island and told you?” At that point hundreds of angry Olint members stormed out of the meeting.
However the third and arguably the most significantly notable thing that happened on Feb 8 is that Mr. Connolly appears to have abruptly changed course on what many of us believe to have been a full speed ahead quest for authority to extend his jurisdiction beyond Olint TCI to Olint Corp Jamaica and to Overseas Locket International (Panama). ACOM operatives attended the Feb 8 Meeting armed with a highly effective flyer to which Mr. Connolly referred on several occasions as he vehemently denied that he ever had any interest in Olint Corp Jamaica and Overseas Locket... the two entities that ACOM believes are likely to be directly or indirectly potentially far more yielding of our hard-earned money than Olint TCI has been. We all would like to believe that Mr. Connolly is an honest man of integrity and so we not only believe that he never entertained ambitions of accessing Overseas Locket and Olint Corps, and more importantly, that he never will entertain any such ambitions, and instead, will leave that to the Association of Concerned Olint Members.
However what is not debatable is the fact that in exchange for the news that most of us could get back zero cents in the dollar and some of us could get back 3.8 cents in the dollar, Mr. Connolly has already billed you and me for in excess of J$54,000,000.00 As a matter of fact, Mr. Connolly has told the Olint Members that were elected to his Creditor's Committee that he Mr. Connolly, notwithstanding the funds that he has identified and that are yet to be recovered, he needs to get his hands on some raw cash immediately if he is going to be able to continue his discovery work.
So against that background, let us look at the aims and objectives and strategy of ACOM. When we say that we want to get back as much of our money as possible we mean just that. When Olint presented a member with statements covering the period ending May 31, 2008 and told that member that Olint owed him $50,000,000.00, guess what... he believed Olint. He believed David Smith. We believed David Smith. I invite each person here to day to think of the May 2008 credit balance that was reflected on your Olint Statement. That is the figure that you believed you were worth... that is the figure that your dependents were relying on to help purchase that house, or that car, or to take that long-awaited family vacation. And yes... that is the figure that the tax man has captured and has already begun sending letters to recipients of that May 2008 statement, asking or rather, demanding, their piece of the action. Therefore it is that May 28 statement and that may 28 statement alone that ACOM will be looking... and it is that Statement and that Statement alone that ACOM will be using to calculate what every member will be paid from whatever aggregate funds are recovered. And that brings me to the next related point.
When ACOM says that its aim is to recover as much of our money as possible, ACOM is categorically stating that we do not at this time know how much money is out there... but we sure as hell intend to find out. But ACOM's approach to discovery will be fundamentally different from that of Mr. Connolly. You see, my friends and brothers and sisters in distress, whether we like him or not, whether we believe he is this or that, the one human being that stands at the center of this entire fiasco is Mr. David Smith. Were it not for Mr. David Smith, there would have been no Olint. And, without prejudice to what Mr. Smith may or may not have done with our money, and without prejudice to whether or not Mr. David Smith may or may not have fabricated any, and/or all of his claims to monthly gains, and without prejudice to whether or not we now believe or do not believe that Mr. Smith initially or eventually operated a Ponzi Scheme... for all the reasons above, Mr. David Smith represents our greatest trump car in the orderly discovery and/or recovery of our money.
Therefore, unlike Mr. Connolly who has already concluded from his alleged world-wide investigations that Mr. David Smith is a criminal Ponzi Scheme Operator, ACOM has elected to embrace the Jamaican wisdom that admonishes us, “If yuh head in lion mouth, tek time draw it out”. Whatever Mr. Smith is, Mr. Smith is and the facts will be made very clear, very soon. But regardless of what Mr. Smith is or turns out to be, ACOM is going to do everything in our power to obtain the co-operation from David Smith in helping us to recover as much of our money as possible. Therefore ACOM reiterates that as at February 28, 2010 we are not in a position to know how much is the aggregate amount of money that is identifiable. But we sure as hell intend to find out... and we intend to do with the help of Mr. David Smith.
ACOM is however convinced that more money is available to us than Mr. Connolly has led us to believe. We have found apparent discrepancies in the statements from Mr. Connolly that relate to the existence of money. We have heard testimony from the attorney that claims to represent several Olint Depositors who have their eyes on the funds that many believe to be in the possession of the FBI after it was allegedly intercepted on its return journey from Jamaica, compliments of the bank of Jamaica, on the grounds that it was believed to be suspicious. Mr. Connolly refers to all that as lies.. lies … lies... Yet we do know that the FBI Agent Mr. Ramos publicly invited Jamaicans to come forward with evidence against Mr. David Smith and promised that if this is done, such persons wold be first in line to receive compensation after the case is disposed of. Attorney-at-law Professor David Rowe who practices in the USSA has come on RJR and corroborated this position. So Mr. Connolly may be right, or he may be wrong... but between those two possibilities, there is major investigative work for ACOM to do on our behalf.
ACOM is at a loss as to why Mr. Connolly would waste our money and our time and insult our intelligence to elect a Creditors Committee of the Unsecured Creditors who has unequivocally told there is nothing for us to get back... unless he had an undeclared ulterior motive fro doing so. The terms of his appointment as Liquidator do not require Mr. Connolly to appoint a Creditors' Committee. He may do so... if he considers it necessary. It would seem to an uninformed person that the wise, shrewd Connolly is carefully moving through a series of circumlocutory tracks to where we think he believes the treasure to be. ACOM wants that treasure for Olint members, if treasure there be... and that provides another major justification for the activities of ACOM.
Finally, among the causes for concern that justify the existence of ACOM and that will inform our forward movement is the conduct of the case against Mr. Smith in the Turks and Caicos Islands to date. ACOM has not as yet requested and obtained locus standi in the case, and so there may be some details that are hid from our eyes and from the eyes of the observing public. But without prejudice to that possibility, there are a few things that are incontrovertible. One is that Detective Assistant Supt. Mark Knighton, the head of the Turks and Caicos Islands Financial Crimes Unit has to date, repeatedly failed to produce any credible evidence to the court against Mr. David Smith, and this failure has been in large measure directly or indirectly responsible for the protracted delays. I will go one step further by saying that it is alleged, possibly by mischievous persons, and possibly not, that Detective Supt. Knighton has been aggressively soliciting persons to provide him with any evidence that could help him to convict Mr. David Smith. And whereas we have absolutely no means of validating that allegation, we have to admit that it appears to resonate with the observable reality that to date, Mr. Knighton has failed to produce credible evidence against Mr. Smith that would result in his being found guilty of criminal charges of the magnitude of those that we have been led to believe he is guilty.
As a matter of fact, on one occasion, the trial judge is on record as having threatened the Prosecutors that if they fail to put their act together by the next trial date, he would be throwing the case out.
And so, what happened at the next trial date? Well Mr. Mark Knighton and his team still could not get their act together, so what did they do? At that late stage they created 14 additional new charges against Mr. Smith, apparently in order to guarantee that even if the case on the first three was thrown out because of lack of prosecution, Mr. Smith would still be held on the basis of the new charges.
ACOM has therefore decided that the performance of the Prosecution on March 2 and Mach 3 will be carefully monitored and that no further delays on the grounds of frivolity and legal maneuverings and procedural genuflections will be tolerated. If the pattern in treating with this matter is perceived to be perpetuated on March 3, ACOM will be reminding the British Government that while Nero fiddles, Rome burns, and that more relevantly, “justice delayed is justice denied”
Finally, when ACOM says that it's objectives are to recover as much of our money as possible in the shortest time possible, we are alluding to the fact that 20 months have passed because no one has attempted to jump-start the process. The prosecutors in the Turks and Caicos have clearly been operating on a battery that at the very best, could be described as 'cold'. The Attorney General and Chief prosecutor in the Turks and Caicos Islands cannot possibly be expected to have our interests at heart. He represents the Crown... and the Crown represents its citizens. We are not citizens of the Turks and Caicos Islands. For this reason ACOM has already instructed its Attorney to take immediate steps to secure standing for us in all future deliberations that directly or indirectly involve our hard-earned money. ACOM has already taken steps and will continue to aggressively pursue the execution of our vested right to an early disposition of all charges against Mr. Smith, innocent or guilty, so that the way will be cleared for what matter most to us... the recovery and disbursement of as much of our money as possible in the shortest time possible.
ACOM is also guaranteeing all Olint Members that our efforts will be at the very worst, as effective as those of Mr. Connolly, but definitely not as expensive. In fact, even with the most generous injection of modesty, we must confess that we believe that our efforts will be more effective. This factor is critical in ensuring that as little as possible of what is left of your money will be used to pursue the recovery and effect the disbursement of your money.
I can say no more at this stage... because there is nothing else to say. So this is the conclusion of the whole matter.
ACOM is late... but we console ourselves that late is better than never.
ACOM has acquired a comprehensive grasp of the situation to date and is now armed with the questions to which immediate answers must be found and will be found expeditiously. Many of these questions have come from you our Members and most of them cover almost any question that you may wish to ask today. Today, we are stocked up on questions. In the days and weeks to come we will be unloading the answers.
ACOM is careful not to hold out any false hope of anything to embattled Olint Members. The members of the Steering Committee of ACOM to date have been energized by our common hope and our common expectation that better must come... but only if we go to it.
ACOM has to date demonstrated that it is a fighting fit lean mean machine. I have full confidence that after you have exercised your wisdom at the polls the elected leadership of ACOM will be eminently qualified and predisposed, not merely to pick up where the Steering committee has left off without dropping the baton, but to blaze down the anchor leg with a ferocity and tenacity of purpose that could be equaled only by the likes of our own Usain Bolt.
So again we thank you for your vote of confidence. We have acquired a state of the art website at www.acomaction.com and this will be our primary tool for the dissemination of information. But it would be remiss of me to end on any note other than this note. ACOM recognizes that there is not a 'tide', but a God in the affairs of men and that he holds our future in His hands. We therefore reverently submit all our plans and all our aspirations and actions to the Sovereign God of the Uniniverse who has in the past, and will in the future give us the power to make wealth. He knows the end to this drama from the very beginning. As we discover pieces to the puzzle, we consciously lean and depend on Him for His Divine guidance and gracious favor.

I join the sentiments expressed by our Meeting Chair, Jermaine Nicholas, in heartily welcoming each person here today. We have put in hundreds of man-hours to bring ACOM to where it is today... and we have done that in exactly one month.
I will delineate just one episode in our very brief existence that will unquestioningly validate the efficiency and effectiveness that your Steering committee has demonstrated. On February 3, 2010 two groups that had recently independently met with Dr. Christopher Malcolm held a combined Meeting in Kingston. The Meeting ended at about 9.30 pm.

Now watch this! That was Wednesday, February 3 between 7.00 pm. And 9.30 pm. In that Meeting the Association's Name was decided. The aims and objectives were enunciated. The macro strategy was articulated. The requisite group cohesiveness was demonstrated. Within 24 hours of that meeting, by February 4, ACOM had acquired multiple domains on the Internet covering both the long and short versions of our name. ACOM had built a website... yes you heard me right... we had built a website... ACOM had tied down a web-hosting contract... ACOM's website had been populated around the world-wide web... and yes... www.ACOMaction.com was live.

One of the motivations that drove that focused frenzy of activity was the harsh reality that the well-funded Price-Waterhouse-Cooper Guru Joseph Connolly and his impressive entourage of deputies, associates and legal counsels would be putting on one of the most expensive shows of its kind, on Monday, February 8... and ACOM had just been born... and did not even have the customary time to be weaned. We had to explode into action immediately... and explode we did. 

As a matter of fact so explosive was our activity that on February 8, the Turks and Caicos Island's appointed Liquidator Mr. Joseph Connolly got the shock of his life when he realized that there was on the ground, in Jamaica, a group of Olint Members who, admittedly late in the day, had come together with an agenda to recover as much of our money as soon as possible and at the least possible liquidation cost, and that that group's agenda might in many ways operationally conflict with his.

On February 8 at the Jamaica Conference Center, Mr. Connolly did several notable things. First he told the minority of Olint Members that as a result of his seven (7) months of hard, back-breaking, pains-taking work he had identified a maximum of US$12,000,000.00 which was to be shared among a specially privileged class of Olint members called Secured Creditors... and that each so-designated Elite Olint Member will receive 3.8 cents out of every 100 cents of their net deposit to Olint.

Secondly, on February 8, Mr. Connolly declared to the overwhelming number of Olint Depositors who Connolly has styled as “Unsecured” that as a result of his seven months of hard, back-breaking, pains-taking work... he was going to be returning to us, zero cents out of every 100 cents of our net deposit in Olint.

When the average or mean position is calculated, Mr. Connolly and his Turks and Caicos entourage traveled to Jamaica at our expense to tell us that on average, he would be repaying every Olint Depositor, less than 1 cent of our net deposit in Olint. As a matter of fact, when one shattered, emotionally emaciated Olint Member to the cheers of the entire auditorium asked Mr. Connolly why he brought us here to tell us that he has nothing to give us... Mr. Connolly's response was, inter alia, “Would you have preferred if I had stayed in the Turks and Caicos Island and told you?” At that point hundreds of angry Olint members stormed out of the meeting.

However the third and arguably the most significantly notable thing that happened on Feb 8 is that Mr. Connolly appears to have abruptly changed course on what many of us believe to have been a full speed ahead quest for authority to extend his jurisdiction beyond Olint TCI to Olint Corp Jamaica and to Overseas Locket International (Panama). ACOM operatives attended the Feb 8 Meeting armed with a highly effective flyer to which Mr. Connolly referred on several occasions as he vehemently denied that he ever had any interest in Olint Corp Jamaica and Overseas Locket... the two entities that ACOM believes are likely to be directly or indirectly potentially far more yielding of our hard-earned money than Olint TCI has been. We all would like to believe that Mr. Connolly is an honest man of integrity and so we not only believe that he never entertained ambitions of accessing Overseas Locket and Olint Corps, and more importantly, that he never will entertain any such ambitions, and instead, will leave that to the Association of Concerned Olint Members.

However what is not debatable is the fact that in exchange for the news that most of us could get back zero cents in the dollar and some of us could get back 3.8 cents in the dollar, Mr. Connolly has already billed you and me for in excess of J$54,000,000.00 As a matter of fact, Mr. Connolly has told the Olint Members that were elected to his Creditor's Committee that he Mr. Connolly, notwithstanding the funds that he has identified and that are yet to be recovered, he needs to get his hands on some raw cash immediately if he is going to be able to continue his discovery work.

So against that background, let us look at the aims and objectives and strategy of ACOM. When we say that we want to get back as much of our money as possible we mean just that. When Olint presented a member with statements covering the period ending May 31, 2008 and told that member that Olint owed him $50,000,000.00, guess what... he believed Olint. He believed David Smith. We believed David Smith. I invite each person here to day to think of the May 2008 credit balance that was reflected on your Olint Statement. That is the figure that you believed you were worth... that is the figure that your dependents were relying on to help purchase that house, or that car, or to take that long-awaited family vacation. And yes... that is the figure that the tax man has captured and has already begun sending letters to recipients of that May 2008 statement, asking or rather, demanding, their piece of the action. Therefore it is that May 28 statement and that may 28 statement alone that ACOM will be looking... and it is that Statement and that Statement alone that ACOM will be using to calculate what every member will be paid from whatever aggregate funds are recovered. And that brings me to the next related point.

When ACOM says that its aim is to recover as much of our money as possible, ACOM is categorically stating that we do not at this time know how much money is out there... but we sure as hell intend to find out. But ACOM's approach to discovery will be fundamentally different from that of Mr. Connolly. You see, my friends and brothers and sisters in distress, whether we like him or not, whether we believe he is this or that, the one human being that stands at the center of this entire fiasco is Mr. David Smith. Were it not for Mr. David Smith, there would have been no Olint. And, without prejudice to what Mr. Smith may or may not have done with our money, and without prejudice to whether or not Mr. David Smith may or may not have fabricated any, and/or all of his claims to monthly gains, and without prejudice to whether or not we now believe or do not believe that Mr. Smith initially or eventually operated a Ponzi Scheme... for all the reasons above, Mr. David Smith represents our greatest trump car in the orderly discovery and/or recovery of our money.

Therefore, unlike Mr. Connolly who has already concluded from his alleged world-wide investigations that Mr. David Smith is a criminal Ponzi Scheme Operator, ACOM has elected to embrace the Jamaican wisdom that admonishes us, “If yuh head in lion mouth, tek time draw it out”. Whatever Mr. Smith is, Mr. Smith is and the facts will be made very clear, very soon. But regardless of what Mr. Smith is or turns out to be, ACOM is going to do everything in our power to obtain the co-operation from David Smith in helping us to recover as much of our money as possible. Therefore ACOM reiterates that as at February 28, 2010 we are not in a position to know how much is the aggregate amount of money that is identifiable. But we sure as hell intend to find out... and we intend to do with the help of Mr. David Smith.

ACOM is however convinced that more money is available to us than Mr. Connolly has led us to believe. We have found apparent discrepancies in the statements from Mr. Connolly that relate to the existence of money. We have heard testimony from the attorney that claims to represent several Olint Depositors who have their eyes on the funds that many believe to be in the possession of the FBI after it was allegedly intercepted on its return journey from Jamaica, compliments of the bank of Jamaica, on the grounds that it was believed to be suspicious. Mr. Connolly refers to all that as lies.. lies … lies... Yet we do know that the FBI Agent Mr. Ramos publicly invited Jamaicans to come forward with evidence against Mr. David Smith and promised that if this is done, such persons wold be first in line to receive compensation after the case is disposed of. Attorney-at-law Professor David Rowe who practices in the USSA has come on RJR and corroborated this position. So Mr. Connolly may be right, or he may be wrong... but between those two possibilities, there is major investigative work for ACOM to do on our behalf.

ACOM is at a loss as to why Mr. Connolly would waste our money and our time and insult our intelligence to elect a Creditors Committee of the Unsecured Creditors who has unequivocally told there is nothing for us to get back... unless he had an undeclared ulterior motive fro doing so. The terms of his appointment as Liquidator do not require Mr. Connolly to appoint a Creditors' Committee. He may do so... if he considers it necessary. It would seem to an uninformed person that the wise, shrewd Connolly is carefully moving through a series of circumlocutory tracks to where we think he believes the treasure to be. ACOM wants that treasure for Olint members, if treasure there be... and that provides another major justification for the activities of ACOM.

Finally, among the causes for concern that justify the existence of ACOM and that will inform our forward movement is the conduct of the case against Mr. Smith in the Turks and Caicos Islands to date. ACOM has not as yet requested and obtained locus standi in the case, and so there may be some details that are hid from our eyes and from the eyes of the observing public. But without prejudice to that possibility, there are a few things that are incontrovertible. One is that Detective Assistant Supt. Mark Knighton, the head of the Turks and Caicos Islands Financial Crimes Unit has to date, repeatedly failed to produce any credible evidence to the court against Mr. David Smith, and this failure has been in large measure directly or indirectly responsible for the protracted delays. I will go one step further by saying that it is alleged, possibly by mischievous persons, and possibly not, that Detective Supt. Knighton has been aggressively soliciting persons to provide him with any evidence that could help him to convict Mr. David Smith. And whereas we have absolutely no means of validating that allegation, we have to admit that it appears to resonate with the observable reality that to date, Mr. Knighton has failed to produce credible evidence against Mr. Smith that would result in his being found guilty of criminal charges of the magnitude of those that we have been led to believe he is guilty.

As a matter of fact, on one occasion, the trial judge is on record as having threatened the Prosecutors that if they fail to put their act together by the next trial date, he would be throwing the case out.
And so, what happened at the next trial date? Well Mr. Mark Knighton and his team still could not get their act together, so what did they do? At that late stage they created 14 additional new charges against Mr. Smith, apparently in order to guarantee that even if the case on the first three was thrown out because of lack of prosecution, Mr. Smith would still be held on the basis of the new charges.

ACOM has therefore decided that the performance of the Prosecution on March 2 and Mach 3 will be carefully monitored and that no further delays on the grounds of frivolity and legal maneuverings and procedural genuflections will be tolerated. If the pattern in treating with this matter is perceived to be perpetuated on March 3, ACOM will be reminding the British Government that while Nero fiddles, Rome burns, and that more relevantly, “justice delayed is justice denied”.

Finally, when ACOM says that it's objectives are to recover as much of our money as possible in the shortest time possible, we are alluding to the fact that 20 months have passed because no one has attempted to jump-start the process. The prosecutors in the Turks and Caicos have clearly been operating on a battery that at the very best, could be described as 'cold'. The Attorney General and Chief prosecutor in the Turks and Caicos Islands cannot possibly be expected to have our interests at heart. He represents the Crown... and the Crown represents its citizens. We are not citizens of the Turks and Caicos Islands. For this reason ACOM has already instructed its Attorney to take immediate steps to secure standing for us in all future deliberations that directly or indirectly involve our hard-earned money. ACOM has already taken steps and will continue to aggressively pursue the execution of our vested right to an early disposition of all charges against Mr. Smith, innocent or guilty, so that the way will be cleared for what matter most to us... the recovery and disbursement of as much of our money as possible in the shortest time possible.

ACOM is also guaranteeing all Olint Members that our efforts will be at the very worst, as effective as those of Mr. Connolly, but definitely not as expensive. In fact, even with the most generous injection of modesty, we must confess that we believe that our efforts will be more effective. This factor is critical in ensuring that as little as possible of what is left of your money will be used to pursue the recovery and effect the disbursement of your money.
I can say no more at this stage... because there is nothing else to say. So this is the conclusion of the whole matter.

ACOM is late... but we console ourselves that late is better than never.

ACOM has acquired a comprehensive grasp of the situation to date and is now armed with the questions to which immediate answers must be found and will be found expeditiously. Many of these questions have come from you our Members and most of them cover almost any question that you may wish to ask today. Today, we are stocked up on questions. In the days and weeks to come we will be unloading the answers.
ACOM is careful not to hold out any false hope of anything to embattled Olint Members. The members of the Steering Committee of ACOM to date have been energized by our common hope and our common expectation that better must come... but only if we go to it.

ACOM has to date demonstrated that it is a fighting fit lean mean machine. I have full confidence that after you have exercised your wisdom at the polls the elected leadership of ACOM will be eminently qualified and predisposed, not merely to pick up where the Steering committee has left off without dropping the baton, but to blaze down the anchor leg with a ferocity and tenacity of purpose that could be equaled only by the likes of our own Usain Bolt.

So again we thank you for your vote of confidence. We have acquired a state of the art website at www.acomaction.com and this will be our primary tool for the dissemination of information. But it would be remiss of me to end on any note other than this note. ACOM recognizes that there is not a 'tide', but a God in the affairs of men and that he holds our future in His hands. We therefore reverently submit all our plans and all our aspirations and actions to the Sovereign God of the Uniniverse who has in the past, and will in the future give us the power to make wealth. He knows the end to this drama from the very beginning. As we discover pieces to the puzzle, we consciously lean and depend on Him for His Divine guidance and gracious favor.ectly potentially far more yielding of our hard-earned money than Olint TCI has been. We all would like to believe that Mr. Connolly is an honest man of integrity and so we not only believe that he never entertained ambitions of accessing Overseas Locket and Olint Corps, and more importantly, that he never will entertain any such ambitions, and instead, will leave that to the Association of Concerned Olint Members.

However what is not debatable is the fact that in exchange for the news that most of us could get back zero cents in the dollar and some of us could get back 3.8 cents in the dollar, Mr. Connolly has already billed you and me for in excess of J$54,000,000.00 As a matter of fact, Mr. Connolly has told the Olint Members that were elected to his Creditor's Committee that he Mr. Connolly, notwithstanding the funds that he has identified and that are yet to be recovered, he needs to get his hands on some raw cash immediately if he is going to be able to continue his discovery work.

So against that background, let us look at the aims and objectives and strategy of ACOM. When we say that we want to get back as much of our money as possible we mean just that. When Olint presented a member with statements covering the period ending May 31, 2008 and told that member that Olint owed him $50,000,000.00, guess what... he believed Olint. He believed David Smith. We believed David Smith. I invite each person here to day to think of the May 2008 credit balance that was reflected on your Olint Statement. That is the figure that you believed you were worth... that is the figure that your dependents were relying on to help purchase that house, or that car, or to take that long-awaited family vacation. And yes... that is the figure that the tax man has captured and has already begun sending letters to recipients of that May 2008 statement, asking or rather, demanding, their piece of the action. Therefore it is that May 28 statement and that may 28 statement alone that ACOM will be looking... and it is that Statement and that Statement alone that ACOM will be using to calculate what every member will be paid from whatever aggregate funds are recovered. And that brings me to the next related point.

When ACOM says that its aim is to recover as much of our money as possible, ACOM is categorically stating that we do not at this time know how much money is out there... but we sure as hell intend to find out. But ACOM's approach to discovery will be fundamentally different from that of Mr. Connolly. You see, my friends and brothers and sisters in distress, whether we like him or not, whether we believe he is this or that, the one human being that stands at the center of this entire fiasco is Mr. David Smith. Were it not for Mr. David Smith, there would have been no Olint. And, without prejudice to what Mr. Smith may or may not have done with our money, and without prejudice to whether or not Mr. David Smith may or may not have fabricated any, and/or all of his claims to monthly gains, and without prejudice to whether or not we now believe or do not believe that Mr. Smith initially or eventually operated a Ponzi Scheme... for all the reasons above, Mr. David Smith represents our greatest trump car in the orderly discovery and/or recovery of our money.

Therefore, unlike Mr. Connolly who has already concluded from his alleged world-wide investigations that Mr. David Smith is a criminal Ponzi Scheme Operator, ACOM has elected to embrace the Jamaican wisdom that admonishes us, “If yuh head in lion mouth, tek time draw it out”. Whatever Mr. Smith is, Mr. Smith is and the facts will be made very clear, very soon. But regardless of what Mr. Smith is or turns out to be, ACOM is going to do everything in our power to obtain the co-operation from David Smith in helping us to recover as much of our money as possible. Therefore ACOM reiterates that as at February 28, 2010 we are not in a position to know how much is the aggregate amount of money that is identifiable. But we sure as hell intend to find out... and we intend to do with the help of Mr. David Smith.

ACOM is however convinced that more money is available to us than Mr. Connolly has led us to believe. We have found apparent discrepancies in the statements from Mr. Connolly that relate to the existence of money. We have heard testimony from the attorney that claims to represent several Olint Depositors who have their eyes on the funds that many believe to be in the possession of the FBI after it was allegedly intercepted on its return journey from Jamaica, compliments of the bank of Jamaica, on the grounds that it was believed to be suspicious. Mr. Connolly refers to all that as lies.. lies … lies... Yet we do know that the FBI Agent Mr. Ramos publicly invited Jamaicans to come forward with evidence against Mr. David Smith and promised that if this is done, such persons would be first in line to receive compensation after the case is disposed of. Attorney-at-law Professor David Rowe who practices in the USSA has come on RJR and corroborated this position. So Mr. Connolly may be right, or he may be wrong... but between those two possibilities, there is major investigative work for ACOM to do on our behalf.

ACOM is at a loss as to why Mr. Connolly would waste our money and our time and insult our intelligence to elect a Creditors Committee of the Unsecured Creditors who has unequivocally told there is nothing for us to get back... unless he had an undeclared ulterior motive fro doing so. The terms of his appointment as Liquidator do not require Mr. Connolly to appoint a Creditors' Committee. He may do so... if he considers it necessary. It would seem to an uninformed person that the wise, shrewd Connolly is carefully moving through a series of circumlocutory tracks to where we think he believes the treasure to be. ACOM wants that treasure for Olint members, if treasure there be... and that provides another major justification for the activities of ACOM.

Finally, among the causes for concern that justify the existence of ACOM and that will inform our forward movement is the conduct of the case against Mr. Smith in the Turks and Caicos Islands to date. ACOM has not as yet requested and obtained locus standi in the case, and so there may be some details that are hid from our eyes and from the eyes of the observing public. But without prejudice to that possibility, there are a few things that are incontrovertible. One is that Detective Assistant Supt. Mark Knighton, the head of the Turks and Caicos Islands Financial Crimes Unit has to date, repeatedly failed to produce any credible evidence to the court against Mr. David Smith, and this failure has been in large measure directly or indirectly responsible for the protracted delays. I will go one step further by saying that it is alleged, possibly by mischievous persons, and possibly not, that Detective Supt. Knighton has been aggressively soliciting persons to provide him with any evidence that could help him to convict Mr. David Smith. And whereas we have absolutely no means of validating that allegation, we have to admit that it appears to resonate with the observable reality that to date, Mr. Knighton has failed to produce credible evidence against Mr. Smith that would result in his being found guilty of criminal charges of the magnitude of those that we have been led to believe he is guilty.

As a matter of fact, on one occasion, the trial judge is on record as having threatened the Prosecutors that if they fail to put their act together by the next trial date, he would be throwing the case out.

And so, what happened at the next trial date? Well Mr. Mark Knighton and his team still could not get their act together, so what did they do? At that late stage they created 14 additional new charges against Mr. Smith, apparently in order to guarantee that even if the case on the first three was thrown out because of lack of prosecution, Mr. Smith would still be held on the basis of the new charges.

ACOM has therefore decided that the performance of the Prosecution on March 2 and Mach 3 will be carefully monitored and that no further delays on the grounds of frivolity and legal maneuverings and procedural genuflections will be tolerated. If the pattern in treating with this matter is perceived to be perpetuated on March 3, ACOM will be reminding the British Government that while Nero fiddles, Rome burns, and that more relevantly, “justice delayed is justice denied”

Finally, when ACOM says that it's objectives are to recover as much of our money as possible in the shortest time possible, we are alluding to the fact that 20 months have passed because no one has attempted to jump-start the process. The prosecutors in the Turks and Caicos have clearly been operating on a battery that at the very best, could be described as 'cold'. The Attorney General and Chief prosecutor in the Turks and Caicos Islands cannot possibly be expected to have our interests at heart. He represents the Crown... and the Crown represents its citizens. We are not citizens of the Turks and Caicos Islands. For this reason ACOM has already instructed its Attorney to take immediate steps to secure standing for us in all future deliberations that directly or indirectly involve our hard-earned money. ACOM has already taken steps and will continue to aggressively pursue the execution of our vested right to an early disposition of all charges against Mr. Smith, innocent or guilty, so that the way will be cleared for what matter most to us... the recovery and disbursement of as much of our money as possible in the shortest time possible.

ACOM is also guaranteeing all Olint Members that our efforts will be at the very worst, as effective as those of Mr. Connolly, but definitely not as expensive. In fact, even with the most generous injection of modesty, we must confess that we believe that our efforts will be more effective. This factor is critical in ensuring that as little as possible of what is left of your money will be used to pursue the recovery and effect the disbursement of your money.

I can say no more at this stage... because there is nothing else to say. So this is the conclusion of the whole matter.

ACOM is late... but we console ourselves that late is better than never.

ACOM has acquired a comprehensive grasp of the situation to date and is now armed with the questions to which immediate answers must be found and will be found expeditiously. Many of these questions have come from you our Members and most of them cover almost any question that you may wish to ask today. Today, we are stocked up on questions. In the days and weeks to come we will be unloading the answers.

ACOM is careful not to hold out any false hope of anything to embattled Olint Members. The members of the Steering Committee of ACOM to date have been energized by our common hope and our common expectation that better must come... but only if we go to it.

ACOM has to date demonstrated that it is a fighting fit lean mean machine. I have full confidence that after you have exercised your wisdom at the polls the elected leadership of ACOM will be eminently qualified and predisposed, not merely to pick up where the Steering committee has left off without dropping the baton, but to blaze down the anchor leg with a ferocity and tenacity of purpose that could be equaled only by the likes of our own Usain Bolt.

So again we thank you for your vote of confidence. We have acquired a state of the art website at www.acomaction.com and this will be our primary tool for the dissemination of information. But it would be remiss of me to end on any note other than this note. ACOM recognizes that there is not a 'tide', but a God in the affairs of men and that he holds our future in His hands. We therefore reverently submit all our plans and all our aspirations and actions to the Sovereign God of the Universe who has in the past, and will in the future give us the power to make wealth. He knows the end to this drama from the very beginning. As we discover pieces to the puzzle, we consciously lean and depend on Him for His Divine guidance and gracious favor.

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