Senator Jeptor Ince advised seniors to borrow to invest in the CLICO disaster… Now cautions on need for financial regulations!

jepter ince CLICO barbados

“Mr. Ince, why don’t you tell us what returns you’ve achieved for your clients since you created the CLICO Balanced Fund in 2000? How did all those folks do who borrowed money from you to invest in your fund so you could put that money back into Clico? Huh? How did they do?”

from the BFP article People You Can Rely Upon: Pretty Ethiopian Orphans, Rich African Widows, CLICO Investment Bankers…

In our ‘Please just shoot me because this is so bloody unbelievable’ department…

Senator Jeptor Ince says “Despite the significant contributions that this growing non-banking financial sector can make to the development of our country, one still has to remain cautious in ensuring that the investor and customer alike are protected,”

Wuhloss!

This man is talking about protecting investors and customers!

He, Jepter Ince, who destroyed the life savings of countless old folks by advising them to invest in CLICO? He, Jepter Ince, who advised old folks to mortgage their home to borrow money to invest in the future?

Ince was appointed by now-dead PM David Thompson – probably to keep him quiet. Jepter Ince, the instant tourism expert.

Sometimes I need a stiff drink in the middle of the morning…

Strict rules for financial sector

from The Nation

Government is keen on welcoming new investment in the non-bank sector, but it will not be doing so at the expense of stringent regulations.

The Ministry of Finance and Economic Affairs and the Financial Services Commission will therefore be maintaining their vigilance of these financial institutions.

Parliamentary Secretary in the Ministry of Finance and Economic Affairs, Senator Jepter Ince, gave Government’s position on the issue yesterday during the official launch of microfinance company Axcel Finance Barbados at its McGregor Street, Bridgetown office.

“Despite the significant contributions that this growing non-banking financial sector can make to the development of our country, one still has to remain cautious in ensuring that the investor and customer alike are protected,” Ince said.

… read the full article at The Nation: Strict rules for financial sector

5 Comments

Filed under Barbados, Business & Banking, Corruption

5 responses to “Senator Jeptor Ince advised seniors to borrow to invest in the CLICO disaster… Now cautions on need for financial regulations!

  1. PLANTATION DEEDS FROM 1926 TO 2013 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    CLICO , do not invest in CLICO , many of what CLIOC holdings belong to PLANTATION DEEDS HEIRS, hers is a list
    fraud and PONZI need new cash all the the , take it lite
    1994 Property Transfer Tax on 13 Large pieces of Property costing millions , so CLICO could save all that money ,

    Todd Estates ?
    Wake field Plantation ?
    Hothersall Plantation ?
    Clifton Hall Plantation ?
    Lots 5,6,7 three lots in Wakefield Plantation Yard ?
    Pool Plantation ?
    Durham House ?
    Star Discount now Club Extreme Complex ?
    Rendezvous Supermarket ?
    Penrith ?
    Development land ?
    Love to see the clear titles for all this Senator Jeptor?
    Well we have an APP for that crook PONZI , invest in FRAUD, let the crooks come with bad advice , You Will have better luck going fishing ,
    Let them fall and then you see where they stand .

  2. BFP

    hello Plantation Deeds.
    Do you have one deed for one plantation?
    Does it show the theifing?

    Send BFP copies of the documents and an expanation.

    we will publish it.

    send to : barbadosfreepress@yahoo.com

    Robert

  3. Party Animal

    I got a call from someone about a year before the CLICO fiasco unfolded about coming to talk to me about investing in CLICO. I had a gut feeling about this, I told the Gentleman that I had no use Trinidad or CLICO, don’t bother to waste his time on me, Boy was I right…I am sorry I never took his name.

  4. Rastaman

    @party animal :I could give you a name.

  5. PLANTATION DEEDS FROM 1926 TO 2013 , MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS OF BARBADOS, BLPand DLP=Massive Fruad

    BFP Robert , check your mail , for 1926 PLANTATION DEED , We hope you post it , Bajan then can get a sample on this site , Remember the Fraud Squad have 90 % of what we have , Much more than what is needed to make an arrest , Sir Richard L .Cheltenham , Phd the lawyer on White Park road across from the High Court and CLICO