British businessman Leslie Wingham has asked victims of an alleged multi-million fraud that he operated in Antigua for additional money to fund a so-called recovery effort. In a letter to "Investors and Agents of Accord Trading/Accord Insurance and EMRW" dated November 27, 2000, Wingham asked for at least $1,000 each from his victims.
As 51-year-old British businessman Leslie Wingham scours the world for places to park millions of dollars allegedly defrauded from clients of Antigua-based Accord Insurance, it is worth taking a look at his none-too-pretty business record over the years; We can report further news on Dominica-based British Trade & Commerce Bank, which acknowledged in our July 31 edition that it was experiencing liquidity and other problems due to having some of its assets frozen in Canada and because of an alleged credit card fraud against the bank; American Eric Resteiner, who bought Viktor Kozeny's luxury home in Lyford Cay in the Bahamas not too long ago, has vacated the property after failing to meet mortgage payments and is believed to be now living in either Switzerland or Cairo, said a source; We recently received another fax from 'Anne Gregory' of The Finance Merchants Group, which purports to sell offshore bank charters from a base in the Bahamas; and We reported last month on how DIAK Bank was being operated without a license in St. Vincent by 'minister of religion' Clifford Pitt and was offering depositors annual interest rates of 25-35 per cent. We have since learned that these rates are peanuts compared with the returns of five per cent per month or 90 per cent annually being offered for five-year certificates of deposits by its sister company, DIAK Asset Management Company Ltd.
The low-down on Imperial Consolidated's City UK Ltd., Antigua-based Accord Insurance goes to ground; and Mezzanine Capital's Eric Chess Bronk, complaints to SEC about clampdown on broker activities.
Bahamas-based Suisse Security Bank & Trust has replaced Eurofed Bank, of Antigua, as the banker for the fraudulently run Accord Insurance group, we have been told.SSBT's decision to provide banking services to Accord, which claims to offer its clients "guaranteed" interest of up to 50 per cent per month, raises serious concerns about its due diligence procedures.
The names of the new shareholders in the Bahamas International Securities Exchange are expected to be announced in January. A list of all 45 companies that submitted subscription applications for the recent $5 million private placement has been submitted for
Antigua-registered Eurofed Bank Ltd. has been placed into receivership by the island's regulators over its suspected involvement in money laundering. Eurofed, which also has a banking license in Grenada, went into receivership on or around November 15 after being implicated in a scandal involving Pavlo Lazarenko, a former Prime Minister of the Ukraine.
Regulators in Antigua have turned down an application for an insurance license by Accord Insurance, which sells dubious investment products to the public. Despite the rejection, Accord is continuing to operate from the island, where it maintains an office on the Third Floor of the Bancorp Building, High Street, St. John's.