Boy them sey trouble doan set like rain and for OLINT investors this is so true. The latest development comes from the fact that the Turks and Caicos Bank is going into liquidation. Yes OLINT had US$10M tied up in it.
The decision by the courts to close down Turks and Caicos Bank (TCI Bank) means that funds from investors in the foreign currency trading outfit Olint are entombed in that bankrupt entity and now subject to the process of liquidation, adding further drama to this protracted affair.
It was hard before to receive their investments, now we wonder just where this will end.