CaribWorldNews, MIAMI, FL, Weds. July 1, 2009: A Caribbean-born, South Florida based surgeon is suing international credit giant MasterCard Worldwide for allegedly being a party to OLINT, an apparent ponzi scheme that emanated out of the Turks and Caicos Islands and Jamaica.
Dr. Christopher Walker, an Orlando, Florida surgeon, has sued the credit giant for money laundering, theft and racketeering. He claims that MasterCard Worldwide was at least partially responsible for his grave loss, suffered through OLINT.
OLINT`s David Smith has allegedly defrauded American and Caribbean nationals out of close to US$1 billion dollars.
Dr. Walker said he and his family lost US$2.4 million dollars and their loss has resulted in the financial ruin of his ailing father, a retired government worker.
Hallmark Bank and Trust issued the MasterCards and is based in the Turks and Caicos Islands. In 2007 Smith, the CEO of the Overseas Locket Corporation Turks and Caicos Islands (OLINT TCI), and Hallmark Bank and Trust TCI, reportedly made representations to Jamaicans that Hallmark Bank and Trust TCI was the banker for OLINT TCI and that Hallmark Bank and Trust TCI had a corporate affiliation with MasterCard Worldwide.
Walker claims Hallmark Bank and Trust TCI is a co-conspirator in a Ponzi scheme known as OLINT TCI and as such, so is Mastercard Worldwide.
He claims that while MasterCard did not sign the operating agreement between OLINT TCI and him, MasterCard Worldwide sustains Hallmark Bank and Trust TCI by virtue of its close financial relationship.
Dr. Walker says he is currently cooperating with Special agents from the F.B.I. and I.R.S. in the criminal investigation of Smith and he has submitted formal complaints to the US Securities and Exchange Commission, the US Treasury- Inspector General and to the US Federal Reserve.