Gary McDuff

Texas based offshore investment promoter Gary Lynn McDuff has been indicted for alleged money laundering for the third time in 19 years at federal court in the United States. The latest indictment against McDuff was brought at the U. S.

A promoter with a long history of involvement in dubious investment schemes, which often involve offshore entities, has been accused of fraud by the U. S. Securities and Exchange Commission.Gary Lynn McDuff helped perpetrate a scam in which over $11 million was raised from approximately 105 investors, according to a complaint that was filed by the SEC at the U. S. District Court for the Northern District of Texas on March 26, 2008.

A United States national already under investigation in the United Kingdom for a fraud involving an offshore bank is being investigated in the U. S. for another apparent scam involving more than $10 million.The latest exploits of Gary Lynn McDuff, 51, of Deer Park, Texas, are outlined in a subpoena-enforcement action filed by the SEC at the U. S. District Court for the Northern District of Texas on March 10, 2006.

Another application for evidence has been filed in the United States as part of a criminal investigation by the Serious Fraud Office in the United Kingdom into an alleged $240 million investment fraud and money laundering. The latest application to

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Shinder Gangar and others for alleged investment fraud.

British criminal investigators have moved to subpoena bank records in the United States as part of an investigation into an alleged $240 million investment fraud.It is part of an investigation by the Serious Fraud Office into 11 people on both sides of the Atlantic who are suspected of money laundering and conspiracy to commit fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged investment fraud and money laundering by Shinder Gangar and others.

Two businessmen who previously helped to operate the now-defunct, scandal-ridden Overseas Development Bank & Trust in Dominica are involved in a new investment scheme in the United States. Terence de'Ath, a British national, and Gary Lynn McDuff, a citizen of the United States, are behind The Avenger Fund Business Trust, which was formed in Nevada on March 22, 2002. 

Investors Bank and Trust Ltd., formerly known as Overseas Development Bank and Trust Ltd., has been taken over by regulators in its home jurisdiction of Dominica.PricewaterhouseCoopers was appointed controller of the bank on August 20, 2002 because IBT was "insolvent" and "unable to meet its obligations", according to Prime Minister Pierre Charles.