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Old 13th Jan 2009, 10:46
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Desert Diner
 
Join Date: Dec 2005
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My google skilz found this little gem from the Jamaica Gleaner:

Under Section Three of the the Money Lending Act and Money Lending (Prescribed Rates of Interest) Order of 2007, there is only provision for the recovery of loans that carry an interest rate below 40 per cent per annum in a court of law. This is far below the super interest rates many of the current investment schemes have been offering to their lenders - between 118 per cent and 120 per cent per year on principal amounts that start from a minimum of $100,000.
High-risk investors have no legal backing

So basicaly, under Jamaican law, its your fault for forcing them to give you such a high return on your investmetn
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