Clover Asset Management

A Florida-based client of Heritage International Bank & Trust in Belize and Clover Asset Management in the Cayman Islands has been sentenced to 57 months in prison and ordered to pay $1.5 million after pleading guilty to conspiracy to commit bank and tax fraud.

USA's Sentencing Memorandum in USA v. Casey Padula at the U. S. District Court for the Middle District of Florida.

Plea Agreement in USA v. Casey Padula at the U. S. District Court for the Middle District of Florida.

Criminal Information in USA v. Casey Padula at the U. S. District Court for the Middle District of Florida.

Canadian nationals Patrick Poulin and Eric St-Cyr were today each sentenced to 14 months in prison for participating in an offshore money laundering scheme - prison terms that were significantly less than U. S. prosecutors had been seeking.

Judgment in a Criminal Case in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

Patrick Poulin has filed for bankruptcy and been disbarred in Canada and the Turks and Caicos Islands as a result of his conviction for money laundering in the United States, while the wife of co-defendant Eric St-Cyr has filed for a divorce, according to court filings ahead of sentencing this Friday.

St-Cyr's Position on Sentencing in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

USA's Position on Sentencing in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

USA's Position on Sentencing in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

Former Cayman Islands-based investment adviser Joshua VanDyk was today sentenced to 30 months in prison in the United States for his part in a money laundering scheme.

VanDyk's Motion for Downward Departure in USA v. Joshua VanDyk at the U. S. District Court for the Eastern District of Virginia.

USA's Position on Sentencing in USA v. Joshua VanDyk at the U. S. District Court for the Eastern District of Virginia.

Plea Agreement in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

Statement of Facts in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

Criminal Information in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

Canadian Eric St-Cyr has become the second of three defendants to plead guilty to conspiracy to commit money laundering in a scheme involving the Cayman Islands and Turks and Caicos Islands, while the third defendant - TCI-based attorney Patrick Poulin - is due to plead guilty on July 11.

Statement of Facts in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

Plea Agreement in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

Criminal Information in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

Canadian Eric St-Cyr looks set to become the second defendant to admit money laundering in a scheme involving Cayman Islands-based Clover Asset Management and Turks and Caicos Islands-based law firm Bishops Legal.

Investment adviser Joshua VanDyk has admitted conspiring to commit money laundering with his former boss in the Cayman Islands, Eric St-Cyr, and a Turks and Caicos Islands-based attorney, Patrick Poulin. VanDyk faces up to five years in prison.

Statement of Facts in USA v. Joshua VanDyk at the U. S. District Court for the Eastern District of Virginia.

Joshua VanDyk, who was a Cayman Islands-based investment adviser until he was arrested in Miami three months ago after being indicted for money laundering, is due to plead guilty tomorrow at federal court in Virginia.