The company management arm of Cayman Islands law firm Travers Thorp Alberga passed off a falsified document as a "true" copy of a share register, thereby concealing the name of a client - Rani Jarkas - who was fleeing debts to a swindled customer, the IRS and others in the United States, OffshoreAlert can reveal.
Canadian fraudster George Georgiou learns the hard way about consecutive sentencing in the USA; We reveal the identities of insiders - past and present - at Georgiou's 401 Capital Partners Inc.; Cayman Finance shares office with fraudster-friendly law firm Thorp Alberga.
Manhattan District Attorney Robert Morgenthau has blamed one of his favorite punching bags - the Cayman Islands - for contributing to the economic meltdown in the United States.The 89-year-old, legendary prosecutor's latest missive about Cayman comprised an editorial headlined "Too Much Money Is Beyond Legal Reach, New York-based funds are abusing 'secrecy jurisdictions'" that was published by The Wall Street Journal on September 30, 2008.
A decision in the bitter legal dispute between the Cayman Islands Stock Exchange and its former CEO, Ann Nealon, is expected soon after the case was heard over June 28-29 before Chief Justice Anthony Smellie at the Grand Court of the Cayman Islands. The ruling is being eagerly awaited in both Cayman and overseas, where the decision by the government-funded CSX to bring a civil lawsuit against Nealon has raised many eyebrows.
The unfolding saga of moves by the UK to force its Overseas Territories to recognize fiscal offences in its mutual legal assistance laws is extraordinary in that it reveals the lengths that politicians, civil servants and businessmen will apparently go to lie or mislead the public when they think it is in their best interests to do so.It also underscores the importance of newsletters like Offshore Alert, which was launched in February, 1997 to provide clients with an independent and accurate source of information in a sometimes overly secretive offshore world where the truth is often difficult to find.
US depositors withdraw $14 million after losing confidence in Cayman Islands, John Jefferson Jr. seeks to sell his shares in Cayman fast-food franchises, mystery surrounds the awarding of a Class 'A' bank license in Cayman to Euro Bank Corp. following a $2 million payment, John Tugwell says he quit as Bank of Bermuda CEO for "personal reasons", Bermuda Gov't Minister Quinton Edness makes difficult-to-believe claim about why Police Commissioner was fired, Bermuda Governor Thorold Masefield takes the public for idiots, did Maples & Calder senior partner Tony Travers really receive $6 million in annual dividends?, profits of First Bermuda Securities revealed, Bermuda lawyer Lynda Milligan-Whyte turns $67,200 into $500,000 at First Bermuda Securities.