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September 17, 2006
 
 
Oil tycoon Deuss at centre of fraud probe
 
Intro:
Controversial oil tycoon John Deuss has "temporarily" stepped down as chairman and chief executive of Bermuda Commercial Bank (BCB) due to an investigation into alleged money laundering and illegal banking.
 
Excerpt: "John Deuss has long been one of Bermuda's most intriguing, fascinating and reclusive residents," said David Marchant, of the Miami Offshore Alert newsletter. "He seldom grants interviews despite the often grand nature of his business activities. [It] only adds to the air of mystery that seems to surround him locally."
 
 

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