Offshore Alert has uncovered evidence that a widely-publicised scheme to build a new offshore tax haven called New Utopia off the coast of the Cayman Islands to, inter alia, compete with Bermuda in offshore insurance appears to be an elaborate advance fee fraud.
That allegation is supported by the fact that the public is currently being urged to order New Utopian currency by sending off funds to an Antiguan bank that we exposed as a fraud last month.
Articles Caribbean Bank of Commerce Cayman Islands Fake Nations Featured Fraud Investment USADecember 31, 1998
Topics
Cayman Islands Fake Nations Fraud Investment USAKeywords
Adam Starchild Caribbean Bank of Commerce Cayman National Howard Turney Lazarus Long