A publicly-listed company in the United States whose subsidiaries include an offshore insurer is being sued in New York by investors who claim they were victims of a $50 million securities fraud. Strategy International Insurance Group Inc., whose shares are currently trading on the Over-The-Counter Bulletin Board at just six cents per share, misrepresented its assets and concealed “material negative facts” about some of its “principal executives and directors” in a private placement memorandum, according to the plaintiffs, who include investment funds in the British Virgin Islands and Cayman Islands.
Articles Barbados Bermuda British Virgin Islands Canada Cayman Islands Featured Fraud Insurance Investment Listed Securities Panama United Kingdom USAJuly 10, 2006
Parent of offshore insurer accused of $50 m securities fraud
16 years ago
TopicsBarbados Bermuda British Virgin Islands Canada Cayman Islands [ 7 more... ] [ top 5 ]
KeywordsAnthony Thompson Carlos Belgrave Edward Marvin Grushko Frank Ney Geoffrey Trew
Grupo Lakas Gus Enegren Howard Taylor Hugh Cottle Hugh Forrest John Forgach John Hamilton Judith Hamilton Julian Roberts Kapoor Chandaria Kevin Hamilton Lennox Gibbs Martin Eric Weisberg Martyn Simpson Nexxus One Philip Armstrong Philip Cottle Philip Nicholls Richard Freer Samuel Enegren Sandro Sordi Siricius Augustin Stephen Stonhill Strategy International Insurance Group United Insurance Company[ 25 more... ] [ top 5 ]