Jamaica Olympic Association (JOA) president, Mike Fennell says plans for the nation’s Olympic camp at the 2016 Olympic Games in Rio de Janeiro, Brazil from August 5-25 are going smoothly, as the JOA have already acquired a base for the camp, which will commence on July 24. The JOA boss told The Gleaner they will be holding two camps, one for athletes and another for the swimmers. But while the track and field representatives will use a Rio de Janeiro Naval Base (CEFAN), which is a physical education centre of the navy and the training site of several civil and military sports, swimmer, Alia Atkinson and diver Yona Knight-Wisdom, will decide on a location of their choice. “We have done a series of consultations with the coaches and officials from the JAAA and we have agreed on a camp at the naval base in Rio for athletics. We are also making another camp for the swimming people, Alia Atkinson and diver, Yona Knight-Wisdom, at a separate venue of their choice for pre-Olympic camp and both camps they commence on or about the 24th of July,” he said. However, pre-Olympic accommodations for the nation’s representatives in other sporting disciplines will be delayed until qualifications for these non-traditional sports have been secured. “When we know who have qualified we will make preparations for the final preparation, we won’t know fully until we sign off the qualification,” he said. “We know that as far as track and field is concern we have to wait until the trials are held at the end of June and we know the composition of who is going after the JAAA have make their selection. We have one swimmer and one diver, who have already qualify, we are hoping more will qualify because we have a number of other swimmers who are close to the qualifying standard and we are hoping for more of that. “We also have the fantastic news of a gymnast (Toni Ann Williams) qualifying and that was really tremendous. Unfortunately we didn’t make it in fencing but we are still awaiting the cyclist (Marloe Rodman) and he is pretty close to qualifying and we hope he reaches the standard, plus there is also a chance for a boxer. But we won’t know all of this until all the qualifying events have taken place,” he insisted.
EXCLUSIVE: A former estate agent who conned €1M out of Donegal investors to participate in a “Ponzi” scheme has been jailed for six years.This is just the latest con where people in Donegal have been cleaned out by crooks.The latest scamster is Eamonn Kelly, 48, who previously owned two RE/MAX Auctioneers franchises, told investors that they could make €15,000 profit on a €50,000 investment within six months, if they purchased sites he claimed he had identified in the UK. He maintained the sites were incredibly lucrative and that planning permission for a hotel was imminent for them.He subsequently used funds from later investors to repay profits to the early investors to encourage them to re-invest in the scheme.Kelly of Decies Road, Ballyfermot, pleaded guilty at Dublin Circuit Criminal Court to a number of sample charges of theft, one of producing a false instrument and one of forgery on dates between October 2007 and February 2010. He has no previous convictions.Detective Garda Seamus Padden told Mr Kerida Naidoo BL, prosecuting, that Kelly forged Mr Keane’s signature on a letter that was then sent to potential investors to encourage them to invest in a bogus property operation in Manchester.The letter stated that the solicitor was representing Kelly and that the estate agent acted as an advisor to Mr Keane. Mr Keane knew nothing about the letter.Kelly also provided potential investors with a bogus letter from the Ulster Bank in Crumlin, stating that he had €4.6m on deposit in an account there.Det Gda Padden said the scheme involved 25 different groups from Dublin, Wexford and here in Co Donegal, whose investments ranged from €10,000 to €100,000.Donegaldaily.com has been given the names of those conned here.Kelly told the investors that the sites could be purchased at cut prices and hotels could then be built on them which would in turn produce a significant short-term profit.Det Gda Padden told Mr Naidoo that the investors represented a “cross-section of society”, some of which used their recent redundancy to purchase the site, others used their savings, while others were “business people who have would have the means to survive” despite their financial loss.Kelly had paid commission to RE/MAX agents in both here in Co Donegal and Wexford to source potential investors but gardai accept that these estate agents genuinely believed that the operation was legitimate.He sourced the Dublin investors himself through his contacts with his local GAA club in Crumlin, friends and acquaintances.Det Gda Padden said the bulk of the funds, just over €1m, came from the Donegal investors.He said Kelly had paid back €410,000 to a small number of investors before he was caught. He added that €480,000 which he then held in three different bank accounts was frozen by order of the High Court upon his arrest.Det Gda Padden told Mr Naidoo that the scheme came to light after the bogus letter from Ulster Bank came to the attention of the bank. They contacted the gardaí. Kelly’s accounts were frozen and Kelly then presented himself voluntarily at the garda station.He made full admissions and said that he had started the scheme after he ran into financial difficulty following the property crash. He said he was under pressure to keep up to date with his €8,000 monthly mortgage repayments on three properties in Kildare, Dublin and Portugal.Judge Martin Nolan described the offence as a “classic Ponzi scheme” and said Kelly had used a reputable solicitor to convince investors that the sites in the UK would be turned into profit easily.He said that Kelly had been a decent man until he engaged in this activity and found himself “totally out of his depth”.Judge Nolan said Kelly’s crime “involved deception, severe losses to some and breaches of trust” before he imposed consecutive sentences totalling six years.The case was adjourned to allow the State time to consider what should be done with the money frozen in Kelly’s account.© 2011 donegaldaily.com, all Rights ReservedThe copying, republication or redistribution of donegaldaily.com Content, including by framing or similar means, is expressly prohibited by law.Follow us on www.twitter.com/donegaldailyFollow us on www.facebook.com/donegaldailySell anything on www.donegaldailyclassifieds.comANOTHER PONZI SCAM: CROOKED ESTATE AGENT TARGETED DONEGAL was last modified: January 12th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegal investorsponzi scheme