Liberty First Financial Services Corp.

An unregulated commodities trader who was involved with a Bahamas-based offshore firm accused last year of fraud has had similar allegations brought against him in the United States Robert L. Schillaci is a defendant in a civil lawsuit filed at the U. S. District Court for the Northern District of Illinois on November 21, 2002.

OffshoreAlert has received a complaint from a client who claims he is unable to redeem an investment made with Bahamas-registered Addison International Ltd., which is apparently run from the United States. The client, who is based in the U.S., claims that he placed $400,000 with Addison International in mid-1999 after the firm's principal told him: "If I don't return four per cent per month, you should fire me."