Lincoln Julian Fraser

Three former officers of the Imperial Consolidated Group have been arrested and released on police bail in the United Kingdom, Offshorealert has been told. Lincoln Julian Fraser, 32, and his boyfriend, David Norvel Willerton, 30, both of Binbrook, Lincolnshire, England; and Jared Bentley Brook, 34, of Grimsby, Lincolnshire, England, were all arrested and their homes raided on Tuesday, February 3, 2004, according to two sources. OffshoreAlert understands that they have not yet been charged.

Press Release by petitioning creditor Deighton International regarding bankruptcy orders against Lincoln Fraser and Jared Brook over debts associated with the Midland Grand Hotel in Morecambe, England.

Bankruptcy petitions have been filed against Lincoln Fraser and Jared Brook, co-founders of the fraudulently-operated Imperial Consolidated Group, which collapsed owing more than $300 million. The petitions were filed at Grimsby County Court, England on March 7, 2003 and are scheduled to be heard on May 2, 2003, according to a court spokesperson.