Articles Bermuda Canada Imperial Consolidated Invaro Panama United Kingdom USAApril 30, 2005

    Insider Talking: April 30, 2005

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    19 years ago

    Topics

    Bermuda Canada Panama USA United Kingdom

    Keywords

    Anthony Murphy Bill Godley Chancery and Leadenhall Christopher Davy Donato Carucci
    First Atlantic Commerce Gary Lyons HSBC Bank Bermuda Imperial Consolidated Insider Talking Invaro John Murtagh McLean & Kerr Nigel ONeill Smith & Williamson Strathmore Administration Services Timothy Babuin
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    The biggest creditor in the bankruptcy of Christopher Davy, who was once a senior officer of the tax evasion group The Harris Organization, is none other than the IRS; the dubious liquidation of Imperial Consolidated spin-off Invaro Ltd.; and Canadian Timothy Ryan Babuin receives an eight-year prison sentence for a telemarketing scam against mainly elderly people that ended up causing huge losses for the Bank of Bermuda and Bermuda-based credit card processor First Atlantic Commerce.