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Cash Plus boss slapped with 9 charges

Crazypickney said
13:07 04/16 2008

Police are currently putting in place strong security measures for Carlos Hill's planned appearance in the Corporate Area Resident Magistrate's Court tomorrow. Carlos Hill, founder of Cash Plus Limited, his brother Bertram Hill, a director of Cash Plus Developments Ltd, and Peter Wilson, chief financial officer for Cash Plus, were all charged by investigators yesterday. Hill was charged under the Larceny Act with four counts of fraudulent conversion and four counts of obtaining money by false pretence. He is also charged under Common Law with one count of conspiracy to defraud. Bertram and Wilson are both charged under Common Law, each with one count of conspiracy to defraud. At a press conference at the police commissioner's Old Hope Road office, Assistant Commissioner Les Green said they were ensuring that security measures were in place for Hill to go to court. "To ensure appropriate security measures can be put in place, arrangements will be made for the first appearance to be made at Corporate Area Resident Magistrate's Court on Thursday. I again urge restraint by the public and thank them for this so far," he said. He said since the police searched Hill's premises among others last Thursday, they have identified some new areas for investigation. As a result yesterday morning the police searched another property outside the Corporate Area. Garwin Davis, a freelance journalist and public relations consultant for Cash Plus was arrested and charged after one of these operations by the Organised Crime Investigation Division (OCID). He has been charged with possession of a forged United States passport, forgery of a United States passport and false declaration. Davis, from Ocho Rios, St. Ann, is accused of travelling on the forged US passport with his photograph and bearing the name of Timothy Earl Mitz extensively especially during the period 1992-1995. The police are also investigating other persons, however Green declined to name them. Green said investigations so far have revealed that the company was operating a 'pyramid' scheme. The police say that it also appears that the company knew for a while that the scheme could not be maintained any longer. Investigators are still appealing for information about the accounts and transactions and as well as for investigators to come forward. "I would urge any person with information regarding these accounts and transactions or related activity to contact the Organised Crime Investigation Division (OCID) on 922-7052 or 811, 311," ACP Green said. He said it was essential for investigations to continue without any distractions so any assets could be identified and secured quickly. Complainants are also being encouraged to complete the form on the Ministry of National Security's website and post it to the Jamaica Constabulary Force, PO BOX 462, Kingston. Persons can also collect forms at the Commissioner's office at 101-103 Old Hope Road. Other collection sites will be released next week.