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Targets of alleged LOM fraud derided as “lambs” & “sheep” in recorded call, says SEC
March 7, 2010
A participant in an alleged securities fraud involving Bermuda-based Lines Overseas Management described potential victims – who included LOM's own clients – as "poor lambs" and "sheep", claims the United States Securities and Exchange Commission.
Full story >>
Stock promoter who caused collapse of Bahamas broker convicted of securities fraud
March 7, 2010
A 40-year-old Canadian stock promoter who defrauded two Bahamas-based stock brokers and others of more than $30 million has been found guilty of securities fraud in Philadelphia and faces a maximum sentence of 165 years in prison.
Full story >>
Offshore banker Johnny Johnson accused of fraud by SEC
March 7, 2010
Offshore banker Johnny Johnson, who has managed three offshore banks closed down by regulators in the Cayman Islands, Antigua and Grenada, has been implicated in another financial scandal.
Full story >>
Bahamas accountant Philip Galanis sued for $4 million
March 7, 2010
Bahamas-based accountant Philip Galanis is being sued for damages of $4 million regarding a personal guarantee that he provided for real estate construction loans that are in default.
Full story >>
Cayman accountant Theo Bullmore sues coin dealer for $170,000
March 7, 2010
Cayman Islands-based accountant Theo Bullmore, who made his name liquidating high-profile international businesses, is suing a Texas-based coin dealer for allegedly defaulting on a personal loan.
Full story >>
Fortis Bank (Cayman) seeks to recover $282 m in loans to real estate funder
March 7, 2010
Fortis Bank in the Cayman Islands has initiated litigation in Manhattan in an attempt to recover $282 million that is owed by a firm which specializes in issuing real estate loans.
Full story >>
Offshore hedge funds sue Porsche for alleged securities fraud
March 7, 2010
Hedge funds in Bermuda, the British Virgin Islands, the Cayman Islands and the United States are seeking undisclosed damages against auto manufacturer Porsche for an alleged securities fraud.
Full story >>
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BVI seeks evidence in Florida for theft prosecution of cruise broker
March 7, 2010
A British Virgin Islands-based businesswoman allegedly defrauded dozens of local senior citizens who booked a Caribbean cruise that was organized by the BVI Government.
Full story >>
Netherlands seeks to find and freeze assets of Jan-Dirk Paarlberg
March 7, 2010
The Netherlands has requested information in the United States as part of an effort to locate, freeze and seize the assets of a businessman suspected of laundering funds for one of the country's most notorious gangsters.
Full story >>
Poland seeks evidence in USA for fraud investigation into Elektrim SA
March 7, 2010
Poland has requested evidence in the United States as part of a criminal investigation into alleged fraud and breach of warranty involving Elektrim SA, a Polish holding company with interests in the telecommunications and power industries in the country.
Full story >>
Ecuador seeks evidence from Merrill Lynch for alleged fraud against pension fund
March 7, 2010
Ecuador is seeking information at Merrill Lynch in Miami as part of a criminal investigation into alleged fraud against a pension fund.
Full story >>
Portugal seeks evidence in North Carolina regarding extortion of Western Union and MoneyGram
March 7, 2010
Portugal has requested evidence from a witness in North Carolina as part of a criminal investigation into defendants who are accused of extorting over $340,000 from Western Union and MoneyGram offices in the United States, Canada and Europe through bomb threats made by telephone and over the Internet.
Full story >>
Mexico seeks evidence from Merrill Lynch for corruption investigation
March 7, 2010
Mexico has requested information at Merrill Lynch, Bank One Corporation and Union Bank for a criminal investigation into alleged corruption.
Full story >>
Ukraine seeks evidence from Wincand International Corp. in Delaware for smuggling investigation
March 7, 2010
Ukraine has requested information about a purported Delaware corporation called Wincand International Corporation as part of a criminal investigation into alleged smuggling.
Full story >>
Thailand seeks evidence from Milwaukee residents regarding theft of jewelry
March 7, 2010
Thailand has requested evidence from two residents of Milwaukee as part of a criminal investigation into the theft of jewelry worth over $4,000.
Full story >>
Mexico seeks information from Florida-domiciled Concorde America Inc. for money laundering investigation
Full story >>
Ecuador seeks evidence from International Finance Bank for fraud investigation
Full story >>
Panama seeks evidence from Wachovia Bank for check fraud investigation
Full story >>
Estonia seeks evidence in Atlanta for fraud inquiry
Full story >>
Czech Republic requests evidence from Spencer and Brothers LLC in Delaware
Full story >>
Turkey seeks evidence from Wachovia Bank for investigation into check fraud
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Czech Republic seeks evidence in case of 'Peter Kozma'
Full story >>
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STAY CONNECTED
 
OffshoreAlert Conference Recordings Now Available
Did budgetary constraints or your schedule prevent you from joining OffshoreAlert this past April in Miami Beach?
If yes, then you should visit our website's new On-Demand Webcast section, where you can purchase audio recordings from 13 sessions that took place at our 7th Annual OffshoreAlert Financial Due Diligence Conference.
Our audio recordings can be purchased on a per-session basis or, if you want to save money, you can buy the entire bundle and save over 45%. Sessions can be listened to immediately after purchase.
For a full list of the sessions that are available and for details on how to purchase the recordings, visit http://www.offshorealert.com/ondemand-webcasts.asp.
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CNN Video on Offshore Tax Havens
CNN's The Situation Room, which is presented by Wolf Blitzer, broadcast a piece on Offshore Tax Havens, with a specific look at Ugland House, home of Maples and Calder law firm, in the Cayman Islands, on Friday, July 25, 2008 and includes an interview with David Marchant, publisher of OffshoreAlert. 2:20
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