The director of public prosecutions has ruled that the operators of World Wise Partners be charged after investigations were carried out last year.

The DPP ruled that World Wise be charged with: Operating an unlicensed securities business contrary to Section 7 of the Securities Act. Operating as unlicensed investment advisors contrary to Section 8 of the Securities Act and fraudulently inducing persons to deal in securities contrary to Section 47 (a) of the Securities Act.

The police say the operators of World Wise Partners are currently not living in Jamaica and as such, warrants are being prepared for their arrests.

The police said it will be contacting their overseas counterparts, and will be making efforts to locate the operators of World Wise Partners in order to officially lay the charges and bring them before the local court.

Last October, the Fraud Squad submitted findings from its investigation to the DPP.

In 2008, the Financial Services Commission labelled World Wise Partners an unregulated financial organisation that lured investors with the promise of huge dividends.