LOM hit by triple dose of bad news

Life just keeps getting worse for offshore financial services firm Lines Overseas Management Ltd., which is headquartered in Bermuda and also has offices in the Cayman Islands, the Bahamas, and England.In June, LOM became a defendant in another civil complaint in the United States, this one concerning a $140 million investment fraud for which LOM allegedly introduced investors and provided at least one account, despite regulatory warnings about the scheme and unsatisfied judgments against its masterminds, one of whom was already an undischarged bankrupt when LOM allegedly became involved.