John E. Greaves

Dominica-licensed Overseas Development Bank & Trust Ltd., which is run by John E. Greaves in Antigua, appears to be in financial trouble.Three separate judgments for a total of US$1.24 million were entered against the bank on January 29, 1999 by the High Court of Justice in Dominica.

Lines Overseas Management is standing by its Cayman-based salesman Scott Oliver despite the fact that a bank he is linked with is part of a major fraud and is operating illegally from Bermuda, where LOM is headquartered. LOM has decided not to fire him even though, five months after Offshore Alert caught him claiming in LOM marketing material to be 'an advisor to the International Exchange Bank of Bermuda', we have found that such a bank has indeed been operating illegally on the island.