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Cayman-based alleged fraudster accused of hiding $1.7 m

May 19, 2013 - Cayman Islands resident Dave Clark has been accused of transferring $1.7 million from a bank account in Cayman to one in Honduras in an attempt to keep it from the SEC, which is suing him for allegedly perpetrating a $300 million investment fraud.

IRS investigates clients of FirstCaribbean Int'l Bank for suspected tax evasion

May 01, 2013 - A judge in California has granted an IRS petition to serve a 'John Doe' summons on Wells Fargo Bank as part of a criminal investigation into suspected tax evasion by clients of Barbados-headquartered CIBC FirstCaribbean International Bank, for which Wells Fargo provided a correspondent account.

USA v. Elaine White et al: Indictment

April 10, 2013 - Indictment in USA v. Elaine White, Cullen Johnson, and Theodoros Grontis at the U. S. District Court for the Eastern District of Virginia.

USA v. Gary Lynn McDuff: Government's Trial Memorandum

March 14, 2013 - Government's Trial Memorandum in USA v. Gary Lynn McDuff at the U. S. District Court for the Eastern District of Texas.

USA v. Marco Delgado: Notice of Intent To Use Foreign Evidence

February 28, 2013 - Notice of Intent To Use Foreign Evidence in USA v. Marco Antonio Delgado at the U. S. District Court for the Western District of Texas.

USA v. Marco Delgado: Personal Data Sheet

February 27, 2013 - Personal Date Sheet in USA v. Marco Delgado at the U. S. District Court for the Western District of Texas.

USA v. Marco Delgado: Indictment

February 27, 2013 - Indictment in USA v. Marco Antonio Delgado, a.k.a. Marco Delgado Licon, at the U. S. District Court for the Western District of Texas.

USA v. Charles Huggins et al: Criminal Complaint

February 14, 2013 - Criminal Complaint in USA v. Charles Huggins, Christopher Butchko, and Anne Thomas at the U. S. District Court for the Southern District of New York.

Cayman judge puts Axiom Legal Financial Fund into Receivership

February 12, 2013 - Axiom Legal Financing Fund was placed into receivership today by Justice Angus Foster, sitting at the Grand Court of the Cayman Islands.

U.S. moves to seize $2.3 m of 'corrupt proceeds' at Butterfield Bank in Bermuda

February 08, 2013 - The United States Government has filed a complaint to seize funds held at Butterfield Bank in Bermuda that are linked with a former civil servant in Mexico who allegedly obtained over US$246 million through fraud and corruption.

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On Correspondent Bank Accounts ... the Achilles Heel of Offshore Banking
Dan Reeves
  If you blinked, you probably missed the news.  On January 29, 2013, a federal judge sitting in New York City authorized the IRS to issue a John Doe summons to UBS AG in Stamford, Connecticut for the correspondent bank records of Wegelin Bank of Switzerland and at least two other Swiss banks that nested their