CAREIF Ltd has developed a strategy and unique business model which will help to empower and make the ordinary poor working class person, normally excluded from financial opportunity, much more successful in building wealth. This is primarily done through partnerships which are not regulated by the FSC. Our Joint Venture Equity Programmes give our partners ACTUAL OWNERSHIPS IN OUR REAL ESTATE DEVELOPMENTS. This offers our partners the greatest protection in how they spend their money towards building wealth. By this method our partners can control their risk exposure. CAREIF’s Agreements are simple and straight forward and it is our policy that all our partners must first read and declare that they understand the terms of the Agreements before signing. All our Agreements were prepared by Legal Council.

The FSC’s slander of CAREIF LTD is seen as prejudicial and will be met with the appropriate response if officials continue this trend. CAREIF will take the necessary actions against the officials who continue to break the Law by deliberately slandering good clean companies legally registered to do their businesses here in Jamaica in an attempt to deliberately get its partners disillusioned. This seems to be effected to cause a run on the company. CAREIF LTD has never had a problem with being regulated and has been proactive in approaching the FSC in finding a designation for our brand of real estate. We also have witnessed and have witnesses willing to validate that CARIEF from 2004 – to present has been in dialogue with FSC officials who have also received prospectuses on our company; detailed as well as condensed. So, for the FSC to say in public that they have no idea about the details of ‘these companies’ (of which CAREIF is included) or that we have never approached them is a blatant lie.

In documentary evidence received from the FSC themselves, the FSC did not indicate any issue with our Joint Venture Programme amongst a list of others presented to them on February 14, 2007. The FSC had a problem with CAREIF LTD sharing 30% of its profits with its Real Estate Investment Club. Our research indicates that to this date there is no legal reason or precedence as to why CAREIF could not. CAREIF nonetheless made changes to that agreement to eliminate the confusion on the part of the FSC. Additionally, FSC had a problem with our Equity Agreement which gives ownership in our Real Estate Developments to our Joint Venture Partners; CAREIF Ltd. made the necessary changes to that Agreement to which the FSC was notified.

CAREIF Ltd requested of the FSC, legal proof of their interpretation of our Agreements in question. The FSC presented a UNITED STATES OF AMERICA SUPREME COURT RULING, as proof of Jamaican Law. CAREIF nonetheless maintained the changes made to its fully disclosed contracts. CAREIF LTD has always presented full disclosure to its partners and has been available to answer any questions regarding our partnerships. CAREIF LTD does not make any weekly or monthly payment of high, unrealistic interest payments to any of our Joint Venture Equity Partners AS IMPLIED AND STATED BY THE FSC official who is either ignorant of the facts or deliberate in his attempt to mislead the public. CAREIF LTD has a web presence that offers opportunities to the public which are not Securities related as well as offers all its partners full access to officials and documentation regarding our various opportunities.

The FSC seems to also be hung up on particular terms and their interpretation of them. It (the FSC) does not have an exclusive on the term ‘equity’ and must refrain from implying that the use of the term is illegitimate in the transaction of Real Estate activities. In fact for the education of the FSC, the term equity as used by CAREIF Limited simply means ownership. Partners in ownership of our developments which are not regulated by the FSC.

LIES
The FSC presenters in a national radio broadcast targeted and smeared the businesses in what CAREIF LTD on its behalf, will openly and without reservation declare to be out right lies. No fancy words, just the plain truth. ‘The vendors of deceit’- to whom should this phrase apply? And to say that ‘the ultimate purpose of all these alternative schemes (having listed CAREIF as one) is to separate you (the investor) from your money’ is viewed with grave concern.

These representatives should be absolutely ashamed of themselves to try under the guise of concern for the Jamaican people, to stand there and obviously steer a more sophisticated investment population than they can seem to imagine, to the so called traditional investment schemes. The mud slinging as demonstrated by them, is reflective of their desperation to mislead the Jamaican people, like Judas Goats into traditional schemes which have not provided any financial comfort or windfall for those with millions invested. The interpretation of the message suggested that as long as the investment opportunity is registered with the FSC, regardless of whether the investor loses or not is the important thing and none performance in relation to investors capital is acceptable. The lame presentation with no factual substantiation is only another obvious statement that the leadership at the FSC has not placed the interest or the legal as well as God Given right of the Jamaican People to make their own decision when it comes to spending their own money, as their main concern. That is not just shameful but immoral and dishonest.

CAREIF is very elated at the recognition of our outstanding programmes available to many marginalized Jamaicans workers for the very first time in the history of this country. All our programmes give full disclosure as outlined on our website at www.careif.com. For The FSC , to tell the world that companies that operate websites is a signal of deceit is nothing but a sorry representation of what Jamaicans face in term of leadership at and in our public offices. The FSC officials continue to slander simply because no one has yet taken the obvious step to run them through the legal system. Its not permitted in any civilized society to just think you have the right to destroy other persons or their right to pursue legitimate activities. Until there are laws enacted to facilitate these new emerging businesses as being legitimate or suggest other wise, they; the FSC, should operate within the limits of the law in which they have been placed.

CAREIF LTD has the proof and evidence that not only are these two being dishonest, but the law being used to justifying the witch hunt is not even Jamaican. The FSC has a fundamental problem with CAREIF LTD for offering to pay to its non-investors cash allotments to the tune of 30% of its profits. CAREIF LTD has also made arrangements to give back to the community some 25% of its profits when declared. Why would the FSC without legal precedence bad mouth such an enterprise. Could this just be a ploy to chase another rapidly growing enterprise out of Jamaica? The People of Jamaica must ultimately decide, not the FSC.

FIVE AREAS OF UNTRUTH
There are five (5) areas in which the FSC is withholding important information from the public that I would like to address. Firstly, the presence of the Stock Exchange representative, and the alleged shameless declaration that its ok for our people to lose their money as long as the entity is registered with the FSC, is another clear demonstration that government must clean its house of persons who will continue to destroy legitimate business in their own covert self interest. A government agency is not by any stretch of the law to be involved in discrimination of one group against the other. For the FSC to bring in the Stock exchange in a debate of this nature without bringing in the Legitimate Businesses being targeted is merely a smokescreen to legitimize their deceit of the Jamaican people. Before the FSC can call on any private company to expose it strategies, the FSC must show that it has the integrity to protect peoples business. Giving away ones business logic is not prudent, its foolish. That’s the main reason there are still laws against industrial espionage in most developed countries.

The second dishonest declaration or the lack of an honest one is that the FSC has been forthright with the people of Jamaican in the subjective way they go about licensing their dealers. These dealers have no education or training under the present curriculum as sanctioned by the FSC, to understand or handle the business as practiced by many of the companies named in their presentation. We understand that it is difficult for a Government with its bureaucracy to keep up with the speed of changes in business, but that is your job. One can’t side step the issue by broad brushing all new entities and planting it in the mind of the people that all of us are suspect. That is both negligent and irresponsible.

The other very important thing is that while some companies can afford the fees charged, there are significantly larger numbers of persons who would like to apply buy can’t. Why? Because while these FSC Representatives think its okay to pay five million because these companies pay out high returns to their investors. Most applicants can’t. This is yet another deliberate impediment placed to restrict the market. Why should a dealer need to SHOW $5,000,000.00 to be registered? The very same reason the FSC is trying to lock down legitimate business that promises so much for Jamaica and the region as a whole. They also love to use the USA as a point of law and reference. Then why not adapt the same licensing practice of the Americans, where it’s not about how much money you have to show? The fact is that it has no real bearing on one’s professionalism in delivering the services. So here again is another block and stop policy of a Government Agency which will ultimately hurt the people of Jamaica and the national economy. Can Jamaicans continue to stand by and have their opportunities restricted because some bureaucrat believe they are above the law. Making false accusations is against the law. Just in case some persons have forgotten.

Third on their list of holding back on full disclosure to the Jamaican PEOPLE is that there are exorbitant costs and fees associated with investments that go to the FSC as well as having to be handled through an independent dealer. These fees cuts slam into the profits of a company AND THEREFORE THE AMOUNT OF MONEY AVAILABLE to their investors. This cost can in fact cripple a small company in delivering in the short run to its investors. Having a job at a government office does not give anyone the right to lie to the Jamaican People. That happens simply because they; employees of the state in managerial positions, continue to believe they have the right to deny us our God-given right and because we as a people continue to allow ourselves to be bullied and browbeaten into poverty by seemingly caring employees of the state. The FSC is trying to trap millions of dollars by bringing businesses traditionally not under their jurisdiction under their control. It’s that way until they can find a way stopped from being locked out of other peoples business. Those millions if not billions go to the investors. Their plan to force companies into the public domain is all about them making money and boosting the crippled stock exchange. They always say follow the money trail. Could the FSC be spending millions of the peoples money without just cause? And in terms of honesty, does having a company registered with the FSC, offer an investor any real protection from loss? We ALREADY KNOW THE ANSWER, NOOO!!!!!!!!!! They clearly said it themselves on their own program.

The fourth lie being told to the Jamaican people is that companies that are not publicly traded should and or must make public their books. It’s understandable if the company is seeking to register on the stock exchange where they have no real obligation to pay dividends as long the company wants. They should allow the public to scrutinize their books. When a company borrows from their investors, that relationship must be between the borrower and the lender. When a Bank makes a loan is it predicated on the borrower making public his or her personal or financial profile? Absolutely not! Under the law a registered company is legally treated as an individual for just reason. Any information regarding the projections related to any investment in which an individual is to become involved should be disclosed if that investor deems it necessary and the business think its prudent to the success of a coming together of both parties. In many countries the board of Directors and or Management of a company is legally allowed to withhold information even from investors if they believe that information could lead to a demise of the business. As long as its in the interest of the investor and the success of the business a company is allowed to have its business kept private. While the FSC is obviously trying to find its own footing, it should legally and morally refrain from deliberately marginalizing legitimate businesses.

Fifthly there are existing laws in Jamaica which guide and govern the legal operation of companies. They clearly state what is legally allowed. The Companies Act is not without merit. What has been happening is that the FSC seem to be wiping their muddy feet all over those laws. If any company breaches these laws, than the law will take the appropriate action. The FSC needs to be truthful and honest in its presentation to the Jamaican people.