Liquidator takes control of Carlos Hill’s house
BY KARYL WALKER, Court/Crime Desk co-ordinator walkerk@jamaicaobserver.com
Thursday, June 18, 2009

CARLOS Hill, the embattled boss of the failed Cash Plus investment scheme, yesterday vacated the three-storey mansion he occupied at East Armour Heights, St Andrew, in keeping with an order from the court.

These books – License to Steal, written by Timothy Harper, and Greed INC, authored by Wade Rowland – were among items found yesterday by representatives of Cash Plus liquidator, Hugh Wildman, inside the East Armour Heights, St Andrew home shortly after it was vacated by former Cash Plus boss, Carlos Hill. (Photo: Karyl Walker)

Hill, who was given two weeks to vacate the property, failed in a last-minute bid Tuesday evening for more time in the luxury house when the Supreme Court rejected a bid by his attorney to get a further stay of an eviction notice which was handed down by Justice Roy Anderson.

Yesterday, Hill did not wait for staff from the National Solid Waste Management Authority to evict him from his former residence and instead hired two private trucks with loaders to remove his furniture, appliances and other personal effects from the house which is valued at approximately $40 million.

Hill was nowhere around as officers from the St Andrew North Police Division and representatives from the office of the receiver, Hugh Wildman, watched carefully as workmen loaded the trucks with his belongings.
The property is one of several which have been confiscated by the receiver in an attempt to acquire funds to repay out of pocket clients of the failed investment scheme who had invested millions of dollars in Cash Plus.

The other properties include two townhouses located at Cherry Drive and on Norbrook Drive; an apartment at Waterworks Mews and a property in Kencot, all in St Andrew; Mainland International at March Pen Road in Spanish Town, St Catherine and a property on Old Harbour Road, St Catherine.

The Supreme Court has ordered that all the properties by put up for sale. The real estate assets are expected to net at least $200 million.

Cash Plus crashed in April last year resulting in officers from the Organised Crime Investigative Division arresting Hill, his brother Bertram and former Cash Plus Chief Financial Officer, Peter Wilson.

All three were slapped with fraud and conspiracy charges.

Cash Plus has been placed in liquidation ever since the three were charged.

The company has, in the meantime, been slapped with lawsuits by several investors seeking to recover their investments.