The fraud case against David Smith, the former head of the failed Olint investment club, was today adjourned in the Supreme Court in the Turks and Caicos Islands.

When contacted, his lawyer Oliver Smith told our new centre that the case has been rescheduled for September 23.

However, Smith declined to provide any details on today’s hearing.

Efforts to get information from the Royal Turks & Caicos Islands Police were unsuccessful.

When the case against the former Olint boss was heard on May 11, a preliminary hearing was held in a Magistrate's Court.

At that time, head of the Financial Crimes Unit in the TCI, Detective Assistant Superintendent Mark Knighton told our news centre that the magistrate had ruled that the matter should go the Supreme Court for further examination.

David Smith is on a total of 30 fraud-related charges.

He’s alleged to have lost billions of dollars in investments by club members in his unregulated scheme.