According to a news outlet in Turks & Caicos (TCI) ,The Sun, David Smith was released today from prison in the TCI. The former head of Olint was freed after completion of 10 years of imprisonment.

The ten year prison term represented 6.5 years to which he was sentenced in TCI and a concurrent 10 years for a conviction of money laundering in the US.

He was also sentenced to prison for 20 years for wire fraud in the US but he was discharged from extradition for the fraud charges in TCI which is a decision presently being appealed by the US.

In the event the decision is successfully appealed, David Smith will be rearrested.