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The OMK Company Trust also paid the education expenses of
petitioners’ grandchildren.
C. Investments in Ponzi Schemes
Minutes of the OMK Company Trust trustees meeting, dated May
29, 1996, state that the trust contracted with William Joe Little
(Little) of NTS to act as “Agent Trustee” to handle investments.
Little was also affiliated with Fountainhead Global Trust
(Fountainhead). During the course of his relationship with
petitioners, Little exploited their strong religious motivations
and convinced them that he was a “keen Christian”.
In February 1997, petitioners traveled to Grand Cayman
Island to attend meetings conducted by Little, Fritts, and Lewis
Rowe (Rowe) of Zephyr International Ltd. (Zephyr). The meetings
were to explain the NTS/Zephyr relationship and to promote
investing through an offshore entity. Little, Fritts, and Rowe
convinced petitioners that the proposed investments were sound,
that Little, Fritts, and Rowe were highly qualified and licensed
professionals, and that the “operation is completely legal,
honest, upright and is run by men of highest integrity. Only
these kind of men are so licensed under the authority of the
Caymanian government which operates under British law.”
As advised by Fritts, Little, and Rowe, petitioners
contracted with Zephyr to form Tamarisk Operations Ltd.
(Tamarisk), through which the OMK trusts invested $550,000.
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Last modified: May 25, 2011