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Parent of offshore insurer accused of $50 m securities fraud

July 10, 2006 by David Marchant

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A publicly-listed company in the United States whose subsidiaries include an offshore insurer is being sued in New York by investors who claim they were victims of a $50 million securities fraud.

Strategy International Insurance Group Inc., whose shares are currently trading on the Over-The-Counter Bulletin Board at just six cents per share, misrepresented its assets and concealed “material negative facts” about some of its “principal executives and directors” in a private placement memorandum, according to the plaintiffs, who include investment funds in the British Virgin Islands and Cayman Islands.
 

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A Message to Greg Fairley, Ashley Hurst & Anyone Else Thinking of Threatening Me
David Marchant
 British defamation law is among the most repulsive pieces of legislation that exists in the civilized world and I have nothing but contempt for attorneys who use it to try to bully responsible journalists into not writing about their clients