OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
ARTICLES

Golfer Jesper Parnevik and partners claim to be victims of advance fee fraud that caused losses of $150 m

June 05, 2012 by David Marchant

HIGHLIGHTS

  • Plaintiffs claim to have lost $2.18 m in fees and their real estate development to foreclosure
  • Convicted fraudster Michael Frank Burgess has allegedly offered prosecutors evidence of fraud at Innovatis Asset Management, which operates investment schemes in the Bahamas, Switzerland, & Guernsey

TOPICS

EMAIL ALERTS  

Get Free Alerts by Topic

NOT YET RATED  

246810

RELATED CONTENT

Professional golfer Jesper Parnevik is among three plaintiffs who claim to have suffered damages of more than $150 million after falling victim to advance-fee fraudsters, including convicted fraudster Michael Frank Burgess, who has allegedly offered criminal prosecutors evidence of fraud at Innovatis Asset Management, which operates investment schemes in the Bahamas, Switzerland, and Guernsey.

Please Subscribe to read this article or Sign In

The Best Offshore Reporting

For Less Than $2 per Day

$60

per Month

Unlimited
Access

The NEW OffshoreAlert Daily

Investigative Financial News

The sooner you learn of news that affects your business or assets, the quicker you can react. Our proprietary news and investigations will help you make better decisions in the cut-throat world of international finance.

  • Breaking News Affecting Offshore Financial Centers
  • Largest Searchable Database of Offshore Information
  • Blogs by Leading Industry Practitioners
  • Intelligence Not Available Anywhere Else

KEYWORDS

TOPICS

EMAIL ALERTS  

Sign-Up for eMail Alerts by Topic or Keyword

NOT YET RATED  

246810

OffshoreAlert encourages lively, open debate and asks that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.


POST A COMMENT

Text Only 2000 character limit
Greenberg & Co BVI Meta Data Ad

OffshoreConnect Free Sign Up

Stay informed & connected

  • Free Email Alerts on Breaking News
  • Free Access to Blogs by Industry Leaders
  • Free Contribute to Due Diligence Forums
MOST READ
MOST RATED
MOST COMMENTED
SEE MORE  

NEWS  

ALL FEATURED  
Cayman-based alleged fraudster accused of hiding $1.7 m
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.
LATEST NEWS  

 MLATS

SEE MORE  

 OFFSHORE COURTS

BERMUDA  
BRITISH VIRGIN ISLANDS  
CAYMAN ISLANDS  

OA BLOGS  

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

FORUMS MOST RECENT