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Barbara Gayle, Justice Coordinator
Former Cash Plus Liquidator Hugh Wildman has now been retained by former Cash Plus boss Carlos Hill to represent him in the liquidation process of his companies.
Wildman, the former Trustee in Bankruptcy made the announcement today in the Home Circuit Court when he applied for Hill’s trial to be adjourned.
He told the court that his instructions were that there had been some developments from an ongoing process which should result in the depositors of the failed scheme being in an advantageous position in relation to benefits.
Following discussions with Director of Public Prosecutions Paula Llewellyn and Hill’s defence lawyers Valerie Neita Robertson and Deborah Martin, the case was set for trial next week Monday.
Llewellyn said she wanted Wildman to provide some real verification on Wednesday to show the sincerity of his client.
She also said the case was ready to proceed to trial and warned that if Crown witnesses do not cooperate she would be asking for warrants for their arrest.
Llewellyn said since Wildman was asking for a few more days to finalise certain arrangements which will benefit the depositors, the Crown was prepared to delay the matter until Monday.
Justice Paulette Williams in granting the adjournment expressed concern about the delay, pointing out that the case has been before the court since 2007.
Hill is charged with fraudulently inducing persons to invest in Cash Plus and fraudulent attempting to induce persons to invest the scheme.
Cash Plus went into liquidation in 2008.
About 40,000 depositors are owed approximately $10 billion.
Former Cash Plus Liquidator Hugh Wildman has now been retained by former Cash Plus boss Carlos Hill to represent him in the liquidation process of his companies.
Wildman, the former Trustee in Bankruptcy made the announcement today in the Home Circuit Court when he applied for Hill’s trial to be adjourned.
He told the court that his instructions were that there had been some developments from an ongoing process which should result in the depositors of the failed scheme being in an advantageous position in relation to benefits.
Following discussions with Director of Public Prosecutions Paula Llewellyn and Hill’s defence lawyers Valerie Neita Robertson and Deborah Martin, the case was set for trial next week Monday.
Llewellyn said she wanted Wildman to provide some real verification on Wednesday to show the sincerity of his client.
She also said the case was ready to proceed to trial and warned that if Crown witnesses do not cooperate she would be asking for warrants for their arrest.
Llewellyn said since Wildman was asking for a few more days to finalise certain arrangements which will benefit the depositors, the Crown was prepared to delay the matter until Monday.
Justice Paulette Williams in granting the adjournment expressed concern about the delay, pointing out that the case has been before the court since 2007.
Hill is charged with fraudulently inducing persons to invest in Cash Plus and fraudulent attempting to induce persons to invest the scheme.
Cash Plus went into liquidation in 2008.
About 40,000 depositors are owed approximately $10 billion.
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