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    Bahamas mail-drop firm raises capital in illegal offering, then folds

    Bahamas-based mail-drop firm ASAP Services Ltd., which only 10 months ago was selling unregistered shares that valued the tiny firm at $135 million, has collapsed after four years in business.
    Visitors to the firm’s web-site at www.asapbahamas.com are greeted with an announcement stating that “as of August 31, 2001, A.S.A.P. Services, Ltd. is officially closed for business”.