Safety net broken - More Delta Capital investors left waiting as court records show massive financial gap
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Delta Capital Partners, the investment firm facing criminal charges in Jamaica for alleged regulatory breaches, had assets up to December 2023 that were valued at one-third of its over US$15.4 million or J$2.3 billion in liabilities, a financial disclosure foSafety net broken - More Delta Capital investors left waiting as court records show massive financial gap
Delta Capital Partners, the investment firm facing criminal charges in Jamaica for alleged regulatory breaches, had assets up to December 2023 that were valued at one-third of its over US$15.4 million or J$2.3 billion in liabilities, a financial disclosure form filed in court has revealed. Promissory notes accounted for US$14 million or approximately J$2.1 billion in the liabilities while “payables” accounted for US$1.4 million or J$227 million, according to a statement of financial position the company filed in court and obtained by The Sunday Gleaner. Read more
