New Zealand

USA v. Kim Dotcom et al: Criminal Indictment

Indictment in USA v. Kim Dotcom, Megaupload Limited, Vestor Limited, Finn Batato, Julius Bencko, Sven Echternach, Mathias Ortmann, Andrus Nomm, and Bram Van Der Kolk at the U. S. District Court for the Eastern District of Virginia.

Royal Ten Cate USA, Inc. et al v. TTAH Trust Company Limited et al: Complaint

Complaint in Royal Ten Cate USA, Inc., Koninklijke Ten Cate NV, and Ten Cate UK Limited v. TTAH Trust Company Limited, formerly known as Tiger Turf Americas Holdings Limited, and TT Investors Limited, formerly known as Tiger Turf International Limited, at the U. S. District Court for the Western District of Texas.

Lincoln Fraser and Jared Brook involved in new financial scandal

British conmen Lincoln Fraser and Jared Brook, who masterminded the $400 million Imperial Consolidated fraud that failed in 2002, are embroiled in yet another international financial scandal involving a group that has done business under several names, including EasyKard, Saphrau, Wharfside, Quatro and G4 Group.

Insider Talking: March 24, 2011

Alleged fraudster Michael Guard rises to the top at dubious Capital Conservator Group; The sordid tale of disbarred Bahamas attorney Jan Ward; Arnold Forbes claims he intends to sue Canadian broadcaster CTV for implicating him in an alleged investment fraud; Stanford University Professor Dr. Thomas Kenney accepts advisory role with dubious offshore investment firm Cedrus Investments; and Cayman Islands-domiciled Alacrity Capital Offshore Fund and related parties are sued in a dispute over administrative fees.

DGRP Management LLC et al v. Roland Bleyer et al: Complaint

Complaint filed by DGRP Management LLC, ESP Inc. and Riverside Premier Development LLC against Roland Bleyer, a.k.a. Roland Husner; Andrew Bacik, Christopher M. Dieterich, Robert Masud, Masud & Co., Hayman Private Equity LLC, Urban Hayman Holdings LLC and Urban Hayman JV LLC at the Circuit Court, Cook County, Illinois (Law Division).

Hiscox Insurance Company Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by Toby Wooldridge, as the Foreign Representative of Hiscox Insurance Company Limited, Baloise Insurance Ltd., City International Insurance Company Limited, Dowa Insurance Company (Europe) Limited, East West Insurance Company Limited, Fuji International Insurance Company Limited, KX Reinsurance Company Limited, Metropolitan Reinsurance Company (UK) Limited, Moorgate Insurance Company Limited, Nippon Insurance Company of Europe Limited, Polygon Insurance Company Limited, Swiss Re International SE, UK Branch, and Tower Insurance Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Insider Talking: May 12, 2010

Bermuda resident Eric Collins seemingly rues the day he agreed to serve as a director of Consensus Investments Ltd., which the SEC alleges was used to conceal insider trading in penny stock SHEP Technologies by Lines Overseas Management, Scott Lines,

Germany: Dierk Ernst et al

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Germany into Dierk Ernst, Friedrich-Wilhelm Patt, Klaus-Werner Sebbel, Josef Hobl, Hubert Benger, Georg Fritz, Stefan Volk, Andreas Ahlmann and Philip Prior for alleged tax evasion.

Sandy Rumble v. Robert Waterhouse et al: Order

Order in Sandy Rumble, d.b.a. Britannica Chauffeur Services, v. Robert Waterhouse, Godfrey Waterhouse, Nicolaas Jan Carel Francken, Phoenix Brokers, Inc., Main Street Brokerage, Inc., and Contractors Bonding Limited at the U. S. District Court for the Middle District of Georgia.

Ex-Bahamas resident Derek Turner sentenced to 20 years in prison

Former Bahamas resident Derek Turner was sentenced to 20 years in prison on February 17 - six months after pleading guilty to three counts of wire fraud concerning a high-yield investment scam.Turner, a 56-year-old New Zealand national, was also ordered to pay restitution of $55 million at his sentencing at the U. S. District Court for the Eastern District of New York. He immediately filed a notice of appeal against the judgment to the U. S. Court of Appeals for the Second Circuit.

Insider Talking: February 4, 2006

A U. S.-based professional organization for private investigators has revoked the membership of Cayman Islands-based PI William Claude C. Myles for “professional misconduct” and violations of its code of ethics; What is the going rate for climbing into bed with crooks to ‘throw' a liquidation so the bad guys can continue to profit at the expense of true creditors? Try £1,624 (US$2,870) per day!; A victim of 72-year-old serial fraudster Keem Kalfon, a.k.a. Chaim Kalfon, a.k.a. Chaim Chalfon, has set up a web-site at www.chaimchalfontaxevader.com following the collapse of his latest scheme, known as LifeStyle Master Inc.; Once again proving that there is no hiding place for financial criminals, no matter which country they flee to when looking for a rock to hide under, the U. S. Government recently arranged the deportation from Panama of accused fraudster David Alan Struckman, a co-founder of the Global Prosperity Group; and If Bahamas-based investment scam group Banakor Swisse is indeed behind several menacing telephone calls that have been anonymously made to OffshoreAlert's publisher over several months, as evidence indicates, it would not be the first time that the group has reacted crudely to an investigative journalist writing negatively about its fraudulent activities.

Derek Turner may face additional fraud charges

U. S. prosecutors may rescind the plea agreement of a former Bahamas resident and bring additional charges after he apparently lied about the extent of his criminal activity.Derek Turner, a New Zealand national, pleaded guilty to three counts of wire fraud concerning an investment scam at the U. S. District Court for the Eastern District of New York on August 9, 2005.

Insider Talking: June 5, 2005

Offshore investment firm Lines Overseas Management, which is headquartered in Bermuda and has offices in Cayman, the Bahamas and England, claims to have spent US$2.75 million over the last two years on legal fees concerning two securities fraud investigations into its activities by the Securities and Exchange Commission; The International Financial Services Authority in St. Vincent & the Grenadines has revoked these Class I banking licenses: Horizon International Bank Limited, on April 4, 2005; Transglobal Bank Limited, on April 13, 2005; and Triton Capital Bank Limited, on April 13, 2005; How times have changed. On May 26, 2005, something happened that would have been unthinkable when OffshoreAlert was launched in 1997: the Cayman Islands Government issued a press release lauding its co-operation with U. S. authorities in clamping down on financial crime and disclosing that Cayman Islands Chief Justice Anthony Smellie; and OffshoreAlert has unearthed yet another red-flag concerning GISBeX, a Costa Rica-based stock exchange that purports to specialize in securities offered under Regulation S of the Securities Exchange Act in the United States and operates from a web-site at www.gisbex.com.

Sandy Rumble v. Robert Waterhouse et al: Amended Complaint

Amended Complaint in Sandy Rumble, d.b.a. Britannica Chauffeurs Services, v. Robert Waterhouse, Godfrey Waterhouse, Nicolaas Jan Carel Francken, Phoenix Broker, Inc., Main Street Brokerage, Inc., and Contracting Bonding Limited at the U. S. District Court for the Middle District of Georgia.

Sandy Rumble v. Robert Waterhouse et al: First Amended Class Action Complaint

First Amended Class Action Complaint in Sandy Rumble, d.b.a. Britannica Chauffeur Services v. Robert Waterhouse, Godfrey Waterhouse, Nicolaas Jan Carel Francken, Phoenix Broker, Inc., Mainstreet Brokerage, Inc., and Contracting Bonding Limited at the U. S. District Court for the Middle District of Georgia.

Pembroke Securities Ltd.: Section 304 Petition

Section 304 Petition for Assistance in Insolvency Proceedings in Australia by Anthony McGrath, as the Foreign Representative of Pembroke Securities Limited, HIH Insurance Limited, HIH Investment Holdings Limited, FAI Insurances Limited, FAI Leasing Finance Pty Limited, FAI Investments Pty Limited, First Mentor Group Pty Limited, FAI Home Security Holdings Pty Limited, HIH Casualty and General Insurance Limited, FAI General Insurance Company Limited, Lanlex No. 65 Pty Limited, CIC Insurance Limited, FAI Overseas Investments Pty Limited, FAI Traders Insurance Company Limited, and World Marine and General Insurance Pty Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Latvia: John Keith Fanello

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Latvia and the Ukraine into alleged fraud.

New Zealand: Bill Papple et al

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from New Zealand - for a criminal investigation into William Papple, Margarite Huia, a.k.a. Lee Papple; and Tina Marie West for suspected fraud.

New Zealand: Lakeland Wealth Creators et al

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in New Zealand into Lakeland Wealth Creators Ltd., WesPap Ltd., William Papple, Margarite Lee Papple and Tina West for allegedly perpetrating a $10 million investment fraud.

OffshoreAlert has ‘saved readers and clients’ from fraudsters

Dear Sir, While reading a recent edition of OffshoreAlert, I was somewhat surprised to read certain criticisms of yourself and the publication to which I wish to respond. Your publication has saved many readers and clients from unscrupulous operators and

Unlicensed fund ‘Orion International’ collapses

In a collapse that is strikingly similar to The Genesis Fund, a Dominica-based group also purporting to trade foreign currency has informed its clients that virtually all of their funds have been lost.Russell Cline, "Head of Trading" of Orion International, posted a letter on its web-site at www.orionfx.com in August, 2002 stating that "in excess of 90%" of pooled money had gone.

Former Imperial Consolidated insiders set up new investment scam

A new investment scam that has arisen out of the ashes of the failed Imperial Consolidated Group is being run along virtually identical lines, OffshoreAlert can reveal. Potential investors in a British Virgin Islands-registered firm doing business as 'Property International' are being offered annual interest rates of 18 per cent by Imperial's former management and promoters.

Imperial Consolidated administrator awaits results of geological survey in Argentina

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.

USA v. Alvin Irwin Moss et al: Criminal Indictment

Indictment filed by USA against Alvin Irwin Moss, Frederick John Collier, Avraham Zohar, a.k.a. Avy Zohar; Richard Titterington, Geoffrey L. Feldman, Sherrie-Lee Doreen Cave, Peter James O'Sullivan, Rosalind Rose, Wayne Budd, Thomas Montgomery Bayer, Robert Murray Bohn, Stacy Layne Beavers, Beverly Ann Moss, Jeffery Allen Moss, Larry Charles Moss, Michael Joseph Harkin and Michael Elliot Cole at the U. S. District Court for the Western District of Tennessee.

Insider Talking: January 31, 2002

Less than a month after they were taken down as a result of an OffshoreAlert investigation, references to Grenada-registered Euro Caribbean Bank have been reinstated on the web-site of the 'Stock Exchange' of the sham country known as the Dominion of Melchizedek; Caribbean Media Corporation, which operated the Caribbean News Agency, popularly known as CANA, has suspended operations; Another web-site that has shut down, albeit for different reasons, is that of Prosperitas Internationale Credit Union at www.prosperitasinternationale.com; Vanuatu-domiciled International Seminars Ltd., which organizes offshore seminars at which get-rich-quick schemes are promoted, is operating under a new name - Global Wealth Education Ltd.; John Bourbon resigned as Managing Director of the Cayman Islands Monetary Authority, effective January 16, 2002 - 18 months after taking up the position, citing "personal reasons"; An ex-SEC officer is critical of his former employer in a book he has written about how the stock markets and the Internet are used to commit fraud against the unsuspecting public; Clyde Hood, the 67-year-old retired electrician from Mattoon, Illinois who persuaded thousands of people from all around the world to collectively send him more than $12 million by offering a return of 5,000 per cent in 275 days, has been sentenced to serve 14 years in prison; A web-site has been set up to raise funds to defend Kenneth R. Weare, of Belize-based J&K Global Marketing, against an SEC lawsuit filed on April 10, 2001, even though the case has ended without the defendants or their legal representatives ever putting in an appearance; The Isle of Man government has granted an online gaming license to Action Online Entertainment (IOM) Limited, which is the fifth firm to receive such a license; Imperial Consolidated is blaming its lawyers for its loss of a libel lawsuit in New Zealand, in which the judge determined they had fabricated documents submitted as evidence and questioned the legitimacy of their investment products; and Justice Hugh Small, sitting at the Bahamas Supreme Court, issued an order on December 20, 2001 that the voluntary liquidation of Americas International Bank Corporation Ltd. be continued but under the supervision of the court.

Imperial Consolidated loses lawsuit, accused by judge of backdating documents

Imperial Consolidated, whose operations include an offshore bank and offshore mutual funds, has lost a defamation lawsuit that it brought in New Zealand against a former broker. In a judgment in the High Court of New Zealand on December 18, 2001, Judge William Young ruled that defendant David Frederick Stewart was being truthful when he criticized the group on a web-site.

Reorganization continues at scandal-plagued Imperial Consolidated

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.

Imperial Consolidated changes web-site and postpones deposition

OffshoreAlert's investigation into the Imperial Consolidated Group reached high farce in May when the firm gave a number of Pythonesque answers to questions that we submitted to its UK-based Public Relations firm, Luther Pendragon. Perhaps the most comical response was a claim that it was prevented by UK law from disclosing the qualifications and experience of a 25-year-old man listed as General Manager of Grenada-based Imperium Bank.

Imperial Consolidated: Prior debts of principals and more regulatory problems

The Chairman of the Imperial Consolidated Group was threatened with criminal action in England in 1996/97 after being accused of breaking the terms of his bankruptcy, we can disclose. Even then, it took Lincoln Julian Fraser many more months to settle a debt of GBP22,000 (approximately US$32,111) to Lincolnshire-based creditor Heckford Advertising.

Omega Trust and Trading investment farce ends after six-year run

One of the longest-running investment farces ever ended this month when 19 people were criminally indicted in relation to a so-called 'offshore trading program' known as Omega Trust and Trading Ltd. The scheme has been going on since at least January, 1994 and has raised at least $12.5 million, according to an indictment filed at the US District Court for the Central District of Illinois on August 18.
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Imperial Consolidated Group’s links to High Yield Investment Programs

Offshore Alert has obtained documents which implicate the Imperial Consolidated Group in the sale of investment programs purporting to offer guaranteed returns of as much as 30 per cent per month. In one program, Imperial Consolidated offers to pay a return of 9.25 per cent per month while simultaneously paying a 40 per cent commission to brokers who introduce investors.

Imperial Consolidated Group launches new offshore credit card

Bahamas-based Imperial Consolidated Securities, which has had several scrapes with regulators over the way it promotes its mutual funds, has launched a new offshore credit card with an aggressive promotional campaign that repeats claims that its funds guarantee returns of up to 18 per cent per year. "The Imperial Consolidated HINT MasterCard can be used like a regular credit card but the card offers superb advantages when used in conjunction with Imperial Consolidated mutual funds," states promotional literature.