Carlos Hill Walks Free As Fraud Case Collapses

A judge earlier today ordered jurors to return a not guilty verdict in the fraud case of Cash Plus boss Carlos Hill.

As reported by the Observer prosecutor Adley Duncan told Justice Chester Stamp that the prosecution was offering no evidence against Hill.

“I have looked at the case and decided that based on the evidence that we have, we cannot prove the case against him,” Duncan said.

Carlos Hill was charged with fraudulently inducing persons to invest in Cash Plus, which collapsed in 2008 with more than $10 billion for over 40,000 investors.

According to the prosecutors, it would have been difficult to prove fraud against Hill because people from within the organization would have been needed to testify but none came forward.

Leave a Reply

Notify of