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    Offshore firms laundered proceeds of alleged $1 b Ponzi scheme, claim plaintiffs

    Several offshore-based parties have been named as defendants in two new civil lawsuits that were filed recently by alleged victims of what they claim was a $1 billion Ponzi scheme.
    They include legal entities and individuals based in Gibraltar, Hong Kong, the Isle of Man, Liechtenstein, St. Lucia, St. Kitts, St. Vincent & the Grenadines, and the United Kingdom.