FIBG ‘auditor’ has no CPA licence, co-owner indicted in US

Offshore Alert can this month report further disturbing revelations about the First International Bank of Grenada that make a mockery of the island as a legitimate financial centre.One of the most shocking discoveries is that the annual financial statement filed recently by the bank with regulators was signed by a former bankrupt with a criminal record who is passing himself off as a CPA.Nevada-based accountant Kenneth Nelson Craig had his CPA licence revoked in the US in 1996 after committing an appalling number of offences, including swindling three clients out of $81,000.Equally disturbing is news that one of FIBG’s owners, Roger V. Cagle, has been criminally indicted in New Jersey on charges of racketeering, bribery and conspiracy to defraud the United States.