John Roberts

Two Bermuda residents have been accused of breach of fiduciary duty in a civil complaint filed by American International Group Inc. at the Supreme Court of the State of New York, New York County, on March 26, 2008 Ernest E. Stempel and L. Michael Murphy are defendants alongside Maurice R. Greenberg, a resident of New York; Howard I. Smith, a resident of New York; Edward E. Matthews, a resident of New Jersey; John J. Roberts, a resident of Maryland; and Houghton Freeman, a resident of Hawaii. The causes of action are breach of fiduciary duty as AIG directors against Greenberg and Smith and, against all defendants, breach of fiduciary duty as fiduciaries of AIG, and aiding and abetting breach of fiduciary duty.

Bahamas-based attorney Anthony Thompson has emerged as a key player in another securities scheme by a group whose allegedly fraudulent activities were exposed in the previous edition of OffshoreAlert. Thompson is the sole officer and director of two offshore companies that beneficially own 43.8% of the common stock of Reliant Home Warranty Corporation, a Florida-registered, Canada-based “mortgage banking” firm whose shares are currently trading for six cents each on the Over-The-Counter Bulletin Board in the United States.