Netherlands Antilles

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into alleged fraud and money laundering by John Deuss, Martina Deuss and First Curacao International Bank.

A hedge fund group that has long been on OffshoreAlert's watch list amended its registration of securities totaling $459 million with the US Securities and Exchange Commission on January 8, 2009 to include updated performance and other financial information. For

US Senator John Kerry intends to look into offshore tax evasion; First Curacao International Bank to "start repatriating" frozen assets; UK Government commissions review of offshore financial centers' Condor Insurance sued in California; and US criminally indicts Raoul Weil, Chairman and CEO of UBS Global Wealth Management and Business Banking and a member of the Swiss bank's Group Executive Board.

Indictment in USA v. Bradley C. Stark at the U. S. District Court for the Northern District of Texas.

An 'innocent' client of suspected money launderer First Curacao International Bank is suing the Central Bank of the Netherlands Antilles for refusing to release its funds. Scipio LLC, a Nevis corporation, has accused the regulator of improperly holding on to depositors' funds so that it can earn interest from them after closing down the bank in 2006 amid a criminal investigation in the Netherlands into whether FCIB was laundering the proceeds of a European-based Value Added Tax scam known as 'carousel' fraud.

A Bermuda firm that specializes in health insurance is refusing to pay the medical bill for a three-year-old child who choked on medication, fell into a coma and was flown from the Netherlands Antilles to Miami for emergency treatment, it has been claimed. The insurer allegedly claimed that the treatment was "improperly authorized" and "unnecessary". Details are contained in a petition that was filed by International Managed Care Services Inc., a Florida corporation that was bought by Aetna last October, against Goodhealth Worldwide (Bermuda) Ltd. at the U. S. District Court for the Southern District of Florida on March 5, 2008. In its petition, IMCS is seeking the appointment of an arbitrator and to compel arbitration in Miami.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged money laundering - pursuant to a request for judicial assistance from the Netherlands Antilles - that was filed at federal court in the USA on September 26, 2007. Individuals and businesses mentioned in the request for assistance include Maher Ayoub, Samer Ayoub, Banque Audi Suisse, and Rideau Center.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands Antilles into Maher Ayoub and his brother, Samer Ayoub, for alleged narcotics trafficking and money laundering.

KPMG and Citco Fund Services in the Netherlands Antilles have been dragged back into litigation concerning a failed British Virgin Islands-registered hedge fund called Dobbins Offshore Ltd.A new lawsuit was filed against KPMG and Citco at the U. S. District Court for the Northern District of Texas on July 11, 2007 - nearly 13 months after they were dismissed on jurisdictional grounds from a previous action at the same court.

Accounting group PricewaterhouseCoopers has agreed to pay $22.5 million to settle claims regarding its audits of the fraudulently-operated Lancer Offshore group of hedge funds, which collapsed in 2003 with losses estimated at more than $400 million.

Complaint in Dan R. Waller, as Receiver for Dobbins Offshore Ltd. v. KPMG Accountants BV, formerly KPMG Accountants NV;  Citco Fund Services (Curacao) NV, Inter Caribbean Services Ltd., and Tortola Corporation Company Ltd. at the U. S. District Court for the Northern District of Texas.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Charles Van Renynghe de Voxvrie for alleged fraud, forgery and money laundering.

Bermuda based offshore banker and oil trader John Deuss looks likely to spend Christmas in a Dutch prison after he was remanded in custody for another three months on November 2nd.Deuss, who is being investigated for his suspected involvement in

The cold reality of life behind bars has persuaded former offshore banker Paul Morgan Jones to start turning over his assets to the Receiver of Cash 4 Titles, which perpetrated one of the biggest Ponzi schemes in history, operating from

Offshore banker and oil tycoon John Deuss has been released on $10 million bail in Bermuda - three days after his arrest as part of an investigation into alleged money laundering and other financial crimes.Deuss, a 64-year-old Dutch national who has resided in Bermuda since the 1970s, has agreed to waive extradition to the Netherlands, where he is wanted for questioning about alleged money laundering and other financial crimes.

Dutch investigators suspect offshore banker and oil trader John Deuss of being in charge of a criminal organization, his attorney told a Bermuda court yesterday.The revelation came during a hearing at which his attorneys were attempting for a second time to over-turn a Bermuda magistrate's decision to issue an arrest warrant for 64-year-old Deuss on October 2, 2006. Deuss has been in hiding since then and Bermuda police have appealed to the public for help in trying to locate him. The total area of Bermuda is just 21 square miles.

An arrest warrant has been issued for 64-year-old Bermuda resident John Deuss by the authorities in his native Netherlands, which are to seek his extradition from Bermuda so that they can question him about alleged money laundering at his bank, First Curacao International Bank NV, which is licensed in the Netherlands Antilles.

A British newspaper has reported that the reason why John Deuss controlled First Curacao International Bank NV had its offices raided recently was because it had become the bank of choice for United Kingdom nationals who were committing a type

Oil tycoon John Deuss has “temporarily” stepped down as Chairman and CEO of Bermuda Commercial Bank due to an investigation into alleged money laundering and illegal banking, BCB has disclosed. BCB's Chief Operating Officer, Timothy W. Ulrich, and a director,

Fund administrator Citco knew that Lancer Offshore was fraudulently valuing assets nearly two years before the fund collapsed but its sole concern was how to extricate itself from the $400 million insolvency, rather than warn investors and regulators. That is the most serious allegation contained in a civil lawsuit that was filed as long ago as January 14, 2005 at the U. S. District Court for the Southern District of Florida but kept sealed until February 21, 2006 due to concerns that its release may breach a court order prohibiting disclosure of certain information. It is supported by copies of extraordinary email exchanges between Citco's senior executives that were disclosed in discovery that Citco opposed.

The IRS has asked a U. S. federal court for permission to serve a “John Doe” summons on Internet money transfer firm PayPal Inc. as part of a clampdown on tax evasion using offshore credit and debit cards.“The records requested in the summons will identify the holders of bank accounts at, or payment cards issued by banks in, the listed jurisdictions, information which is not otherwise readily available to the Internal Revenue Service,” stated the IRS in its petition.

An offshore fund administrator in the Netherlands Antilles has been caught up in a second hedge fund scandal in less than two years.Citco Fund Services (Curacao) NV is a defendant in a civil lawsuit filed on June 9, 2005 by investors in Dobbins Offshore, which was registered in the British Virgin Islands. KPMG (Netherlands Antilles), as the Fund's auditor, is also a defendant. The plaintiffs include companies in the Cayman Islands, France, Luxembourg and Switzerland.

Please, EU - Newt was kidding!; Bahamas - Who's on $1.00 bill?; Dominica - What is going on?; the Netherlands Antilles; Structural Warnings for Offshore Business - Grenada & Belize.

In the space of four or five years, Halliburton, the international oil services and construction conglomerate that is under attack for overcharging and underperforming in Iraq, has gone from reporting approximately 70 to 80 offshore subsidiaries in its annual SEC filing to just two, both in the Cayman Islands.Offshore networks had become a central part of Halliburton's management and financial strategy. When current United States Vice President Dick Cheney was CEO of Halliburton from 1995 to 2000, the company's offshore subsidiaries increased from nine to 44. By the year 2001, that had nearly doubled. Now most of them have gone missing!

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from the United Kingdom - for a criminal investigation into "Kevin Dooley (now deceased), Trevor Prider and others for their involvement in and management of a massive investment fraud scheme resulting in the loss of millions of dollars to original investors".

Civil complaints have been brought against parties from nine countries, including former Sotheby's Chairman Alfred Taubman, in an attempt by the Receiver for the failed Lancer Offshore group of hedge funds to recover allegedly fraudulent transfers. Among the defendants in two actions filed at the U. S. District Court for the District of Florida this month are companies from Bermuda, Canada, Isle of Man, Netherlands Antilles, Jersey, Kuwait, Switzerland, the United States and the United Kingdom.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged narcotics trafficking - pursuant to a request for judicial assistance from the Netherlands - that was filed at federal court in the USA on January 13, 2005. Individuals and businesses mentioned in the request for assistance include Rogelio Gregory Koeiman, Faina Edwards Castillo, and Ocean Bank.

Another lawsuit has been filed against the Citco Group concerning its administration of the Lancer group of hedge funds, which collapsed in 2003 with a net insolvency estimated at hundreds of millions of dollars. The latest complaint was filed at the U. S. District Court for the Southern District of Florida on January 11, 2005 by Marty Steinberg, as court-appointed receiver of Lancer Offshore Inc., and The OmniFund Ltd., both of the British Virgin Islands.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into Rogelio Gregory Koeiman for alleged narcotics trafficking and money laundering.

The SEC's Receiver of the Lancer Offshore Group has filed a civil complaint against the hedge funds' former auditors. Marty Steinberg, in his capacity as court-appointed receiver of Lancer Offshore Inc. and The OmniFund Ltd., alleges professional malpractice and gross negligence in an action that was filed at the U. S. District Court for the Southern District of Florida on December 2, 2004.

Article based on an application to collect evidence for a criminal investigation into murder - pursuant to a request for judicial assistance from the Netherlands Antilles - that was filed at federal court in the USA on September 2, 2004. Individuals mentioned in the request for assistance include Mervin Alberto Antonio Richardson, Oswald Julian Philips, and Aldry Jacobs.

Total Systems Services Inc. has become the latest third party credit card processor to be ordered to turn over client records to the IRS as part of its offshore tax evasion investigation. An order allowing the IRS to serve a

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands Antilles into Mervin Alberto Antonio Richardson, a.k.a. Bucky Richardson, for suspected burglary and murder of Oswald Julian Phillips, a.k.a. Rocky Phillips.

Article based on an application to collect evidence for a criminal investigation into alleged tax evasion - pursuant to a request for judicial assistance from the Netherlands Antilles - that was filed at federal court in the USA on July 22, 2004. Individuals and businesses mentioned in the request for assistance include Joao Estavano Mendes Neves, Teresa Marie Dos Santos, Plantage Mendes NV, Trees & Flowers NV, d/b/a Cactus Entertainment, and Wachovia Corporation.

A United States court has imposed a $5,000 fine on a taxpayer for every day that he fails to turn over records of his Bahamas trust to the IRS.If John F. Eulich, of Dallas, Texas, has not produced them by September 15, 2004 - 30 days after the start of the penalties - the fine will be increased to $10,000 per day.

The world's largest processor of credit card payments has been ordered by a United States court to assist the IRS in its investigation into tax evasion using offshore accounts.First Data Corp. must turn over information about transactions by holders of American Express, Visa and MasterCard credit cards that were issued by or on behalf of certain offshore financial institutions.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into Joao Estavano Mendes Neves, Teresa Maria Dos Santos, Plantage Mendes NV and Trees & Flowers NV, t.a. Cactus Entertainment, for suspected tax fraud.

Ian Renert and his unlicensed Bahamas-based investment fund group receive $1.5 m in penalties in securities fraud action, London-based barristrer Lawrence Jones in messy legal battle with former fiancée, Keith King and the Dominican Republic's Central Bank, AT&T Corp. sues the Bahamas Tourist Office for an allegedly unpaid bill of $104,361, Royal Bank of Scotland refused to explain massive exposure to the Cayman Islands, civil complaints filed in the Turks and Caicos Islands against Professional Capital Ltd. and Intalco Management Ltd., US Government obtains order allowing it to seize $2.6 m of narcotics trafficking proceeds held at Barclays Bank (Bahamas), US Government applies to seize 55-feet catamaran passenger ferry called 'The Preference' moored in St. Vincent and the Grenadines, and Netherlands Antilles-domiciled Overseas World Marketing NV sues Motivational Marketing Inc. in Florida.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Fernando Lopez and others for alleged bank fraud.

Criminal Indictment in USA vs. Michael Arthur Reeve, John Anthony Claro, Jack H.M. Ferguson, Milton Doke Wilkinson, Gary I. Hoskie, James Arthur Glidewell, and Euan David McNicoll at the U. S. District Court for the Southern District of Texas.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Italy into Calisto Tanzi, Fausto Tonna, Luciano Del Soldato, Maurizio Bianchi, Lorenzo Penca, Claudio Pessina, Gianfranco Bocchi, Gian Paolo Zini, Giovanni Bonici, Stefano Tanzi, Franco Gorreri, Domenico Barilli, Giovanni Tanzi, Paola Visconti, Francesco Giufreddi, Luciano Silingardi, Fabio Branchi, Angelo Ugolotti, Donatella Alinovi, Claudio Baratta and Alberto Maurizio Ferraris for alleged bankruptcy fraud and related crimes regarding Parmalat SpA.

An offshore fund administrator has been accused of "impeding" the investigation in the United States into the $600 million collapse of the Lancer group of hedge funds. Citco Fund Services (U.S.A.) Inc. has refused to turn over records concerning BVI-registered Lancer Offshore Inc. and The OmniFund Ltd., which its Netherlands Antilles affiliate administered.

A Florida-based firm which processes card transaction payments has been ordered to turn over its records to the IRS as part of an investigation into offshore tax evasion using MasterCard, VISA and American Express. An order issued on September 11, 2003 at the U. S. District Court for the Southern District of Florida allows the IRS to serve a "John Doe" summons on Credomatic of Florida Inc., of Brickell Avenue, Miami.

Application for the appointment of a Commissioner to collect evidence from Fiserv Correspondent Services Inc. - pursuant to a request for judicial assistance from the United Kingdom - for a criminal investigation into "an alleged fraud scheme executed by a British solicitor, Kevin Dooley, and his firm".

A New York resident is suing a Swedish controlled offshore casino group for allegedly failing to honor a $1 million prize that she won in a contest.Susanne Uebler claims that Oriental Casino, which is licensed in the Netherlands Antilles and

More than $600 million of the $1.15 billion invested in the Lancer Offshore group of hedge funds from 1995 to 2002 may be lost.The initial report of Lancer's receiver, Marty Steinberg, acting for the SEC, showed that investors put in

Fund manager Brian Paul Kuhn pleads guilty at the Grand Court of the Cayman Islands to several counts of theft of client funds; Switzerland investigates theft of financial data by computer hackers; HedgeWorld Limited closes Bermuda office and relocates its staff to New York; "Marc Harris stole your funds", investment fraudster tells clients; Bermuda-based Bank of Butterfield and Bank of Bermuda expand overseas; and career conman David Tedder is sentenced to five years in prison, fined $1.06 million and ordered to forfeit $2.7 million at federal court in the USA.

USA's Motion for Downward Departure in USA v. Jack Kronis at the U. S. District Court for the Western District of New York.

The United States government has filed a forfeiture complaint against an offshore bank account that it claims contains some of the proceeds of an advance fee fraud that cheated more than 400 people out of at least $60 million.The action was filed on February 23, 2003 at the U. S. District Court for the Northern District of Florida against a bank account in the name of Nevis-registered Rosie Capital LLC at Euro Bank Corp. (in liquidation), of the Cayman Islands.

Eight days before it was due to make a minimum payment of $350,000 towards its 2002 purchase of an ecommerce company, a group controlled by Bermuda-based oil magnate John Deuss has sued the seller. Transworld Payment Solutions NV and First Curacao International Bank NV, which owns Bermuda Commercial Bank, filed a civil complaint at Bermuda Supreme Court on February 21, 2003.