Offshore firms sued by Canadian receiver

Offshore companies in Belize and Panama were used by a group of fraudsters as part of a Canada-based scheme to commit fraud and money laundering, it has been alleged.Details are contained in a civil complaint filed on April 15, 2005 – and amended on June 7, 2005 – at the U. S. District Court for the Central District of California by A. Farber & Partners Inc., of Ontario, Canada, in its capacity as Canadian court-appointed Interim Receiver over the assets of Salim Damji, Strategic Trading Systems Instant White, a.k.a. STS Instant White, a.k.a. Strategic Trade Systems, a.k.a. STS Inc., JEM Holdings, a division of 1289629 Ontario Inc., Izmo Investments Inc., Shaffin Damji and Hanif Damji.