Two United Kingdom-based former accountants have been sentenced to prison after being found guilty of perpetrating a $200 million investment fraud, in part through an offshore bank in the Caribbean. Shinder Gangar, 46, and Alan White, 49, were each sentenced to prison-terms of seven-and-a-half years at Sheffield Crown Court, in England, on April 11, 2008, comprising six years each for conspiracy to defraud and 18 months each for conspiracy to corrupt a United States official, to be served consecutively. In addition, they have both been disqualified from being company directors in the UK for 12 years.
Two British nationals have been charged with defrauding clients of companies in the Bahamas and England in a high yield investment scam.Shinder Gangar, 44, and Alan White, 47, were each charged with two counts of conspiracy to defraud at Leicester
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Shinder Gangar and others for alleged investment fraud.
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged investment fraud and money laundering by Shinder Gangar and others.
Two businessmen who previously helped to operate the now-defunct, scandal-ridden Overseas Development Bank & Trust in Dominica are involved in a new investment scheme in the United States. Terence de'Ath, a British national, and Gary Lynn McDuff, a citizen of the United States, are behind The Avenger Fund Business Trust, which was formed in Nevada on March 22, 2002.