Lewis Denton Rowe

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Five U. S. attorneys/CPAs convicted in Cayman-based tax evasion scheme

Three CPAs and two attorneys in the United States are awaiting sentencing for their involvement in an offshore tax evasion scheme that ran from 1996 to 2005 and helped approximately 75 U. S. taxpayers deprive the Internal Revenue Service of an estimated $20 million in unpaid taxes. The scheme's masterminds were paid a fee for their services that was typically equal to 30% of the tax evaded by their clients, stated prosecutors.The scheme included the use of shell companies in the Cayman Islands and Nevis, including a sham media entity and a sham insurer, that were managed by Cayman-based management firms Zephyr International Ltd., whose Managing Director was Lewis Denton Rowe, and/or International Corporation Services Ltd., which is the corporate management company of law firm Myers and Alberga, according to filings at the U. S. District Court for the District of Utah. Offshore bank accounts were allegedly provided by the Bank of Bermuda and Butterfield Bank, both in Cayman.

Cayman Islands: Lewis Rowe et al

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Cayman Islands into alleged money laundering by Lewis Rowe and Patrick Tibbetts regarding the Cash 4 Titles Ponzi scheme.

Bank of Bermuda sued again over alleged $300 million Ponzi scheme, two arrested

The Bank of Bermuda has been sued again over its involvement in the alleged $300 million Cash 4 Titles Ponzi scheme that operated in the United States, the Cayman Islands and the Bahamas. Barely a month after the bank was served with a class action lawsuit in Federal Court in Miami that was filed on behalf of victims, a second action was filed in Illinois on September 19, 2000.