Spain

Indictment in USA v. Sylvia Hermann and Ali A. Yawar at the U. S. District Court for the Central District of California.

Certification that "bank statements, opening documents, and wire transfer records" for accounts associated with Juan Carlos Escruceria Gutierrez and his wife, Margarita Villegas Restrepo, were provided to the Central Authority in Spain pursuant to a request for judicial assistance, filed at the Southern District of Florida.

Court Docket regarding a request for judicial assistance from Spain for a criminal investigation into Juan Carlos Escruceria Gutierrez and Margarita Villegas Restrepo at the U. S. District Court for the Southern District of Florida.

In the wake of action taken by Swiss authorities against the Zurich based Sovereign Finance Group, which is being investigated for money laundering involving Russia and the Caribbean, regulators in St. Vincent & the Grenadines are taking action against Sovereign

Imperial Consolidated administrator Mazars Neville is warning victims of the Imperial fraud to be wary of approaches for money by Weddington Holdings Ltd., which may be an advance fee fraud.Weddington has been telephoning and emailing clients of Imperial and asking them for $2,500 each to purportedly fund an "Asset Recovery Program" outside of that being conducted by Mazars Neville.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Neil Edward Walker, James George Thomas Brooman, Ian David Cale, Irnraan Abid Karim, Barrie John Connor, Timothy Theobald, David Hodgson, Simon Morley, Craig Mark Ireland and Iftekhar Ahmed for alleged tax fraud.

United States' Response to Defendant's Factual Objection and Motions for Downward Departure in USA v. Richard F. Downes at the U. S. District Court for the Southern District of Florida.

Criminal Complaint in USA v. Sylvia Hermann, a.k.a. Sylvia A. Ilcken, at the U. S. District Court for the Central District of California.

Defendant's Objection to Presentence Report and Motion for Downward Departure in USA v. Richard F. Downes at the U. S. District Court for the Southern District of Florida.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Nicolas Spaccapietra, a.k.a. Jorge Morasso, for alleged fraud and forgery.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Lesvia Ugueth Pinilla Peralta, Elmer Gonzalo Valencia Jimenez, Yesid Espinosa Chia and Alfonso Rojas Ospina for alleged fraud and extortion.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into Antonius Johannes Maria Van der Stappen for alleged bank fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Colombia into Guillermo Ortiz Gaitan and members of his family for suspected illegal enrichment, narcotics trafficking and money laundering.

Basic details of warnings and actions by regulators around the world.

Yet another Grenada-licensed offshore bank has been taken over by regulators amid allegations of fraud and investigations by foreign police authorities.Salisbury Merchant Bank had accountant Marcus Wide, of PricewaterhouseCoopers, appointed as its controller on July 25 following an application to the Grenada High Court.

The results of an independent geological survey of 4.5 million acres of land in Argentina to which the Imperial Consolidated Group has mining rights are expected to be known by the end of August. They will go a long way to determining the level of dividend creditors can reasonably expect, said a spokesman for Imperial's UK-based administrator, Mazars Neville Russell.

Recently-filed warnings from securities regulators around the world.

A default judgment for $1.18 million has been entered in the United States against Grenada-licensed VistaBank Ltd. and its principal, Carl H. Lane.The judgment, comprising $835,537 in actual damages and $350,000 in punitive damages, was entered on March 7, 2002 at the United States District Court for the Eastern District of Virginia.

OffshoreAlert has received a letter from an Arizona based client of Grenada licensed Cornerstone International Savings and Investment Bank, which was taken over by the Grenada authorities on April 25, 2002 - AFTER the bank's principals had already disappeared without

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Spain - for a criminal investigation into Juan Carlos Escruceria Gutierrez and Margarita Villegas Restrepo for suspected narcotics trafficking and money laundering.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Alberto Ortega Diaz, Fernando Heras Castan, Pedro M. Llorente Malo, Francisco Javier Munoz Ponce, David Santiago Suarez, Manuel A. Diaz Fernandez, Ignacio Jose Correa Sureda and Santiago Maroto Illera for alleged securities fraud involving Port Kenny Holding SL.

Recently-filed warnings from securities regulators around the world.

A Spanish court has issued an order that allows an international arms dealer and a related firm to freeze $8.5 million of assets belonging to the Imperial Consolidated Group. The order was issued on March 8, 2002 by the Court of the First Instance, in Marbella against Imperial Consolidated Inc., of Delaware; Imperium Bank, of Grenada; and Consolidated Mining Corporation Inc., of the Bahamas.

The scam committed by Morrison Cross Financial Investments, which fleeced investors while operating as a stock broker in Panama without a license, has entered a new phase; Justice Ephraim Georges, sitting in the Antigua High Court, has apparently recused himself from legal hearings relating to the liquidation of Eurofed Bank after an objection by attorneys acting for former Ukrainian Prime Minister Pavlo Lazarenko, who considered that the judge's partiality was compromised by his son being employed by PricewaterhouseCoopers, which is liquidating the bank; On February 12, 2002, a Dallas County Grand Jury in Texas returned 24 indictments against Cameron O. Bailey relating to the sale of unregistered securities, namely Certificates of Deposit issued by Cambridge International Bank & Trust, of Grenada, and promissory notes issued by Omne Srl; As Julien Giraud waits in custody in Florida for the start of his trial on money laundering charges, his wife Lyn has been writing letters of outrage to the local press in their native Dominica, protesting at the arrest of her husband in Puerto Rico last November while he was traveling with Dominica's Finance Minister, Ambrose George; OffshoreAlert has previously reported on stock scams and other frauds perpetrated by firms linked with Bermuda Stock Exchange-listed Mezzanine Capital; and Complaints are starting to be made publicly by people who have either bought shares from, or have been approached about buying shares by, Goodman Hart Associates, Morgan Paris & Company and/or St. James & Company, who have been promoting two stocks particularly heavily: AdRentaCar Inc. and Spantel Communications Inc.

Following the convictions of William Abraczinskas and Malcolm West for money laundering only three months after their arrest, five more offshore bankers who were indicted in the same month must wait to see how the cases against them develop. Julien Giraud, of Dominica; Brian Boeger, of the United States; Richard F. Downes and Pamela Butson, who live in Spain; and Thierry Nano, formerly of St. Vincent & The Grenadines, all still have cases pending.

Recently-filed warnings from securities regulators around the world.

Recently-filed warnings from securities regulators around the world.

Michael Gilbert, who was severely criticized by a New Zealand judge in a recent court ruling (see separate story), is part of a reorganization that involves the Imperial Consolidated Group and companies with the prefix 'Alpha'.The firm that he is a director of changed its name from Imperial Consolidated (New Zealand) Ltd. to Alpha Equities Asia-Pacific (NZ) Ltd. on November 29, 2001.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Pedro Morillas Casas and others on suspicion of forging documents and committing tax offenses.

Four offshore bankers were arrested by United States law enforcement agencies in November and charged with money laundering.Two more have also been charged with money laundering but are still at large after warrants were issued but not executed.Those arrested were

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Italy into Armando Cultrera, Vincenzo Cultrera, Carmela Cultrera, Roberto Cultrera, Isabella Albergo, Franco Giardano, Sonia Bonazzi, Loredana Capuano, Roberta Papini, Gianna Laura Boccaforno, Ettore Ragozzini and Mirella Tromba for alleged fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Czech Republic into Jan Langsadl, Isidoros Busuttil and Shirley Lee Busuttil for alleged embezzlement regarding a limited liability company called Global Journey.

Application for the appointment of a Commissioner for a criminal investigation in Spain into Lesvia Ugueth Pinilla Peralta for alleged fraud and extortion.

The Spanish newspaper El Mundo published several articles yesterday and today about a business relationship (turned sour) between the Imperial Consolidated Group, which has offices in the UK, the Bahamas, Grenada and other countries, and Monzer al-Kassar, a Syrian national who has been described in various media articles over the years as one of the world's largest arms dealers and whose clients, according to El Mundo, include suspected terrorist Osama Bin Laden, whom the US believes was involved with the World Trade Center bombing.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Raul Elizondo Chapas for alleged narcotics trafficking.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into William John Poole for alleged fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into suspected narcotics trafficking by Kenneth Roy Simmons and others.

Application of the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Margarita Vega Almenares and Dalila Rivas Vegas for alleged aggravated battery.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Monzer al-Kassar, Omar a-Ahmad Bourmerched, Kamal Abdul Gawad Chazoul, and Mohamed Gadhan for attempted murder.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Monzer Mohamed Al-Kassar, Kamal Abdul Gawad Ghazoul and Mohammad Gadhan for the attempted murder of Elias Awad.

Indictment in USA v. Kim Schmitz, a.k.a. "Kimble"; Ivy James Lay, a.k.a. "Knight Shadow"; Claude Oliver Bilak, a.k.a. "Killer"; Joshua Neil Freifield, a.k.a. "Legend"; Michelle Lillian Goodzuk, a.k.a. "Killerette"; Enoch John White, a.k.a. "Sonny", a.k.a. "Phone Stud"; Ted Anthony Lemmy, a.k.a. "Speed Master"; Leroy James Anderson, a.k.a. "Major Theft"; and Frank Ronald Stanton, Jr., a.k.a. "Mystery", at the U. S. District Court for the Middle District of North Carolina.