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Wife sues Cash Plus boss for maintenance
Thursday, January 10, 2008
CASH Plus Limited boss, Carlos Hill, is being sued for large sums of money but not by investors in his controversial alternative investment scheme.
Hill's legal trouble is coming from his estranged wife Velma Hill, a resident of New Jersey in the USA, who is suing him for maintenance and her stake in properties the couple supposedly shares.
Hill was ordered by the Supreme Court on Monday to make interim payments of US$2,000 per month effective January 7, 2007 to his wife until the maintenance issue is resolved. That matter is set for case management conference on February 12.
Mrs Hill is also seeking, through the Property (Rights of Spouses) Act 2004, US$12 million from Hill who is busy this month with court cases to do with the troubled Cash Plus group.
Hill is due in court on January 23 in a case to determine whether his investment scheme should be regulated by the Financial Services Commission. The FSC has issued a cease and desist order against Cash Plus, following an earlier court ruling against the investment club.
The following day he is also due in court in his bid to prevent the National Commercial Bank from closing his company's 16 accounts with the bank.
Thursday, January 10, 2008
CASH Plus Limited boss, Carlos Hill, is being sued for large sums of money but not by investors in his controversial alternative investment scheme.
Hill's legal trouble is coming from his estranged wife Velma Hill, a resident of New Jersey in the USA, who is suing him for maintenance and her stake in properties the couple supposedly shares.
Hill was ordered by the Supreme Court on Monday to make interim payments of US$2,000 per month effective January 7, 2007 to his wife until the maintenance issue is resolved. That matter is set for case management conference on February 12.
Mrs Hill is also seeking, through the Property (Rights of Spouses) Act 2004, US$12 million from Hill who is busy this month with court cases to do with the troubled Cash Plus group.
Hill is due in court on January 23 in a case to determine whether his investment scheme should be regulated by the Financial Services Commission. The FSC has issued a cease and desist order against Cash Plus, following an earlier court ruling against the investment club.
The following day he is also due in court in his bid to prevent the National Commercial Bank from closing his company's 16 accounts with the bank.
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