Dutch regulator acts against offshore firms

The Netherlands Authority for the Financial Markets has issued a public warning against several offshore firms involved in a “fine wine” trading scam.
On January 23, 2003, the AFM advised investors “not to take up offers of securities” by Ocean International Marketing B.V., of Rotterdam, the Netherlands; Seed International Ltd., of the Cayman Islands; Cupidus.com Ltd. and Cupidus.com (Turks & Caicos) Ltd.