John Amabile

Investment fraudster Eric Resteiner wants $5 million before he will turn over a video that allegedly shows him bribing Grenada Prime Minister Keith Mitchell, it has been claimed.Resteiner's apparent reason for demanding payment is that the release of the tape could put his safety at risk and the money will pay for a new identity and a security team when he completes an 87-month prison sentence in 2010.

Former Grenada diplomat Eric Resteiner has been sentenced to serve 87 months in prison and pay restitution of $34 million for carrying out an investment fraud. In accordance with a plea agreement reached with the 48-year-old conman 15 months earlier, prosecutors had only asked for a prison-term of 71 months but U. S. District Judge Nancy Gertner considered that to be “inadequate punishment”. 

Judgment in a Criminal Case in USA vs. Eric Resteiner at the U. S. District Court for the District of Massachusetts.

Grenada authorities have turned down the offer of a video tape showing their Prime Minister receiving a $500,000 cash ‘bribe' from investment fraudster Eric Resteiner, OffshoreAlert can reveal.They were notified more than 12 months ago by Resteiner's attorney, John Amabile, that a copy of the six-year-old tape still existed and that it could be obtained through a formal request for assistance to the authorities in the United States, where Resteiner is in custody awaiting sentencing for seven counts of mail and wire fraud to which he pleaded guilty earlier this year at the U. S. District Court for the District of Massachusetts.

Liechtenstein-based offshore provider Bryan Jeeves and his Jeeves Group of Companies have been named as defendants in more civil lawsuits alleging racketeering that have been filed at federal courts in the United States regarding South Carolina-registered Derivium Capital LLC; Ex-Bahamas resident and former Grenada diplomat Eric Resteiner is unhappy with the way a criminal action against him is proceeding at the U. S. District Court for the District of Massachusetts, where he is defending 42 counts of fraud and 18 counts of money laundering; and In a move that shames its counterparts in the United Kingdom, Japan and other countries in Europe and the Caribbean, the Hong Kong Securities and Futures Commission has reprimanded an investment broker and suspended its major shareholder and managing director for three years for “gross negligence” and “serious misconduct” in selling investment products connected with the Imperial Consolidated Group at a time when the group - which was based in the UK and Grenada- was widely known to be suspect.