September 23, 2010
OLINT'S BOSS DAVID SMITH GETS 6 1/2 YEARS
• Pleaded guilty 'to protect wife' – lawyer
DAVID Smith was today sentenced to six-and-a-half-years in prison after he pleaded guilty to two counts of conspiracy to money laundering and two counts of conspiracy to the fraud in the Turks and Caicos Islands.
Oliver Smith (no relation), lawyer for the head of the failed Olint investment scheme, told the Observer a few minutes ago that his client’s decision to plead guilty was driven by his wife’s exposure.
According to the lawyer, David Smith’s guilty plea means that the three charges against his wife Tracy have been dropped and her right to travel has been reinstated.