First Nevisian defends itself in erroneous press release

A press release claiming it is the victims of a ‘smear campaign’ briefly appeared on the web-site (www.firstnev.com) of the First Nevisian stockbroking and corporate services group recently before quickly being taken off.
The release was in response to our article of March 31 that revealed the existence of an arrest warrant for First Nevisian’s boss, Keith King, in South Africa, where he is wanted for questioning in relation to fraud and forgery offences, that his Isle of Man company had lost a recent lawsuit brought by a former client and that King had been declared to be ‘not a fit and proper’ person to run a company in the Isle of Man.