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    Bermuda Gov’t suspected of whitewashing alleged $1 b money laundering scheme

    A James Bond-like tale involving allegations of corporate espionage, bribery, corruption, and a Bermuda Government whitewash of a suspected $1 billion money laundering scheme is unfolding in a U. S. court.
    Among the cast of characters are Russia’s Telecommunications Minister, Leonid Reiman; a Bermuda-based, so-called mutual fund in which Reiman appears to be the only investor and which he may have used to launder the proceeds of corruption, IPOC International Growth Fund Ltd.; IPOC’s banker, fund administrator, custodian, and accountant, Bermuda Commercial Bank; IPOC’s Bermuda representative and provider of various services, including directors and officers, Wakefield Quin; the firm appointed by Bermuda’s Minister of Finance to investigate IPOC, KPMG Financial Advisory Services Ltd.; and Diligence LLC, a Washington, D.C.-based intelligence-gathering firm that is headed by a former officer of the U.K. Security Service known as MI5 and whose advisors include a former Director of the CIA and the FBI.