Bank of Bermuda sued again over alleged $300 million Ponzi scheme, two arrested

By David Marchant

24 years ago

Topics

Keywords

Aileen Bodden Cash 4 Titles Charmaine Christian Christopher Wetherhill Edward Drummond

Garry Nappe Global Debit Card Ltd. Hemisphere Directors Ltd. Hemisphere Management Hemisphere Secretaries Ltd. HSBC Bank Bermuda James Smith Jan Lee Nelson Landmark Trust and Investments Ltd. Lewis Denton Rowe Mark Richards Michael Gause Mutual Risk Management Patrick Tibbetts Philip Stenger Richard Homa World Ventures Ltd.

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The Bank of Bermuda has been sued again over its involvement in the alleged $300 million Cash 4 Titles Ponzi scheme that operated in the United States, the Cayman Islands and the Bahamas.
Barely a month after the bank was served with a class action lawsuit in Federal Court in Miami that was filed on behalf of victims, a second action was filed in Illinois on September 19, 2000.

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