Granger Brewster Whitelaw

Granger Brewster Whitelaw, the founding CEO of one of Bermuda's first e-commerce companies, EOCnet.com, pleads guilty to a criminal misdemeanor in New York, arrest warrant issued for Canadian chartered accountant Steven Brown following fraud investigation in the Turks & Caicos Islands, Panama Attorney General Jose Antonio Sossa orders arrests of four journalists, liquidators of Bermuda-based Telecheck group complete liquidation, Imperial Consolidated (Bahamas) boss Bill Godley receives compensation of $65,000 per month.

Bermuda's e-commerce industry is barely out of the blocks but it has already suffered its first casualty with the failure of EBS Ltd., OffshoreAlert can reveal. EBS, which traded as EOCnet.com, ceased operations towards the end of last year only a few months after it was launched in a blaze of international publicity.