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Former offshore insurance officer flees US despite monitoring device

A suspected fraudster who has worked in the insurance industry in Bermuda and the Bahamas has gone on the run again despite being fitted with an electronic monitoring device.John Keith McGarrity was fitted with the monitoring device after being arrested

John McGarrity arrested in Texas

John Keith McGarrity, who is a former insurance officer in both Bermuda and the Bahamas, was arrested on May 31 in Houston, Texas after entering the United States on a fake passport, according to a US regulatory source.   A bond hearing was held on Friday, June 1 and we do not yet know whether he was released or remanded in custody.

Insider Talking: March 31, 2001

Former Bermuda insurance boss John McGarrity resurfaces in the Bahamas, Turks & Caicos Islands regulators issue warning about Petro Funds, Bahamas resident Yank Barry goes on trial in Texas, default judgment entered in U. S. against American International Bank (in receivership), Bahamas union boss negotiates for employees of Suisse Security Bank & Trust, a private letter from FIBG principal Van Brink hints at corrupt payments to influential individuals in Grenada.