Growth Fund Partnership

A New York Stock Exchange-listed creditor is attempting to wind-up a Nevis-licensed offshore insurer that cannot pay its debts despite having an audit that shows shareholders' equity of over US$250 million.Infineon Technologies AG, which is incorporated in Germany, filed an action at the St. Kitts & Nevis High Court on August 30, 2006 in which it is seeking the court's permission to present a winding-up petition against Condor Insurance Limited, which is controlled by Harvey Thompson Milam and his wife, Joycelyn T. Milam, of Ocean Springs, Mississippi.

An unlisted investment fund claiming to have $9 billion of assets but operated from a private residence in Florida is suing an offshore insurer based on an island that purports not to license such firms.Florida registered Growth Fund Partnership Inc.

An unregulated investment fund claiming to have $9 billion of assets but operated from a private residence in Florida is suing an offshore insurer based on an island that purports not to license such firms. Florida-registered Growth Fund Partnership Inc. is claiming breach of contract and fraud against Nevis-registered Condor Insurance Ltd. regarding a financing deal.