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Caledonia's $22m 'road to ruin'
Anonymous
Posted: Saturday, August 13, 2011

Posted: 7/5/2010 2:59:12 PM

By: fred makon

For the two guys that helped in the wash trading for over a year,the heat is on.Being in Canada means nothing to the feds.time to retain a lawyer smarty pants.


Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 7/5/2010 1:18:45 PM

By: The Nassau Tribune

"A senior executive at a Bahamian broker/dealer has admitted that it used assets/funds against client wishes to fund other customers' margin loans for about 18 months before the appearance of the fraudulent 'pump and dump' scheme that caused the company's eventual $22 million collapse."

http://www.tribune242.com/business/07052010_Brokers_business_Page1-Lead


Anonymous
Posted: Saturday, August 13, 2011

Posted: 8/20/2010 7:00:18 AM

By: matt johnston

meanwhile Robert Dunkley the man who set up the omnibus account to circumvent Canadian laws and introduced GG to Caledonia, bewails having lost every penny he had while simultaneously "trying to open a Nassau pub"...?


Anonymous
Posted: Saturday, August 13, 2011

Posted: 7/15/2010 7:24:51 AM

By: vincent choo

There is still huge heat around this deal.There could be more charges laid as early as this fall.We all know GG didn't act alone he had many small puppets helping him.The longer it takes feo GG to be sentenced the better chance he is singing.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 7/5/2010 7:19:28 PM

By: Devon Howe

That is very true. However, some close associates of the convicted like the US and don't wan t their families to wonder why Florida is strictly verbotten. To avert this they are singing like birds and working many cities looking to put more fish in the net.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 7/5/2010 5:51:50 PM

By: David Marchant

Actually, Canada is a very crime-friendly country. The laws are stacked in favor of crooks and my understanding is that it is very difficult to extradite a Canadian national.


 

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