McKeeva Bush

Cayman politician McKeeva Bush drops attempt to take evidence from UK Gov’t employee

Cayman Islands politician McKeeva Bush has withdrawn an application at federal court in Miami to compel evidence from United Kingdom government employee Larry Covington for a 'malicious prosecution' lawsuit that Bush is pursuing in Cayman against that jurisdiction's former Governor, Duncan Taylor; former Police Commissioner, David Baines; and current Attorney General.

State of Florida v. McKeeva Bush: Not Guilty Plea

Notice of Appearance and Written Plea of Not Guilty in The State of Florida v. William McKeeva Bush at the Circuit Court for the 17th Judicial Circuit, in and for Broward County, Florida.

FIFA Indictments Vindicate OffshoreAlert’s 2010 Conference

Allegations of fraud, bribery & money laundering in indictments against 14 individuals associated with soccer's world governing body FIFA unsealed last week would have come as no surprise to attendees of OffshoreAlert's annual conference in Miami Beach … five years ago in 2010.

Prosecution of Wegelin & Co. is good for the offshore world

If the U. S. Government's allegations against Switzerland's oldest private bank, Wegelin & Co., are true, i.e. that the bank actively encouraged and helped U. S. taxpayers conceal their assets from the IRS and, it would be logical to assume, their other creditors and victims, the bank represents the worst of the offshore world and it would be convincing evidence that the bank's managers at the time of the conduct were talentless morons.

Cayman’s McKeeva Bush Problem

The Royal Cayman Islands Police, which has been conducting a corruption investigation into Cayman Premier McKeeva Bush for nearly two years, has a dilemma. Even if there is sufficient evidence to warrant charges - should they be brought?

Brian Wight: Second Witness Statement

Second Witness Statement of Brian Francis Wight to the Royal Cayman Islands Police for an investigation into alleged corruption by McKeeva Bush.

Brian Wight: First Witness Statement

First Witness Statement of Brian Francis Wight to the Royal Cayman Islands Police regarding an investigation into alleged corruption by McKeeva Bush.

Insider Talking: September 4, 2005

For several weeks now, Cayman's two main newspapers, the Caymanian Compass and Cayman Net News, have been attacking each other in news articles and editorials. The animosity between the rivals has now spilled out into the legal system. At the

Insider Talking: January 31, 2004

Lines Overseas Management has filed a lawsuit against the Bermuda Monetary Authority in an attempt to prevent the SEC in the United States from receiving information about LOM's clients; Two alleged participants in a massive investment fraud involving Evergreen Security, which was registered in the British Virgin Islands and managed in Florida, are to be re-tried after their trial for grand larceny in the first degree ended in a hung jury; How much does failed offshore hedge fund boss and accused $600 million fraudster Michael Lauer hate Christopher Byron, the New York Post columnist who exposed his activities at the Lancer Offshore Group?; Imperial Consolidated administrator Mazars Neville Russell has reported receipts of $6.48 million and payments of $4.57 million in the five months from June 10, 2003 to December 9, 2003 for the group's principal UK company, Imperial Consolidated Financiers Ltd.; On January 19, 2004 at the British Virgin Islands High Court, Allen Wheatley, former Financial Secretary of the BVI Government, and three accomplices pleaded guilty to corruption-related charges concerning the misappropriation of funds for telecommunications projects at the Terrance B. Lettsome International Airport; Canadian television firm CBC broadcast a fascinating documentary on convicted money launderer Martin Chambers on January 13, 2004, including hidden camera footage of the undercover sting operation that led to his arrest in the 'Bermuda Short' operation conducted by the FBI and RCMP a few years ago; A liquidator of First Cayman Bank, of the Cayman Islands, announced in December 2003 that he had paid out a third interim dividend of 15 cents in the dollar on November 21, 2003 to all admitted creditors in a distribution of approximately US$4.4 million; Eduardo Masferrer, former Chairman and CEO of the now-closed Hamilton Bank N.A., of Miami, Florida, has agreed to pay $960,000 in restitution for the benefit of the Federal Deposit Insurance Corporation and $40,000 in penalties and stay out of banking for an indefinite period; Grenada-domiciled IBC Joie de Vie Ventures Inc. closed for business after taking in millions of dollars from the public by offering returns of up to 100 per cent per year; U.K. attorney Christopher Stenning's Regalia Offshore Fund Ltd., which has an affiliate in the British Virgin Islands called The Regalia Fund Ltd., did not last long; A Canadian regulatory agency has issued a warning against a sham bank doing business as "Bermuda Credit Re-Insurance Bank Ltd."; The California Division of Corporations might want to look a little more closely at Gamboa Properties Inc. before renewing its status as an 'Active' company in the state; and Two Cayman Islands law firms announced they were merging with firms in other jurisdictions during January.

First Cayman Bank loot used to pay off fraud judgment, claim liquidators

Part of the estimated $5.5 million allegedly looted from the First Cayman Bank/Gulf Union Bank group in 1997 went to satisfy a $1.75 million fraud judgment in the United States, according to the liquidators.The fraud had been committed by Sheikh Abdus Shimmy Qureshi and his now defunct Florida firm Escue Management Inc., it was alleged.

Liquidated banks sue Cayman Gov’t over US$2.5 million ‘mistake’

Two Cayman banks that were closed down by regulators due to money laundering concerns have filed lawsuits against the government seeking the return of a mysterious US$2.5 million payment in 1997. The litigation relates to the unusual circumstances in which Euro Bank Corporation, then a Class 'B' bank, obtained a rarely-awarded Class 'A' banking license on October 8, 1997.

Insider Talking: January 31, 2000

Liquidators of First Cayman Bank reach settlement with former Cayman government minister McKeeva Bush, First Nevisian's Keith Leslie King testifies at civil trial in the Isle of Man, Jordan Bionda denies he is a fraudster, conman Keem Kalfon promotes his Global Heritage Asset Protection 'fund', attorney Julian Hall is declared bankrupt in Bermuda, Bermuda's international business sector voices concern over Government plans to introduce tougher new work permit rules for foreign workers, offshore crook Marc Harris compares himself to Albert Einstein, Florida judge orders Harris Organization to pay costs after losing a libel action against OffshoreAlert's publisher.

Insider Talking: March 31, 1999

Further incriminating evidence against Bermuda Stock Exchange-listed Mezzanine Capital, Lines Overseas Management has sophisticated computer software system installed, Marc M. Harris and his Panama bodyguards, 'The Invisible Investor' book provides a plethora of unintentional laughs, Nigerian fraudsters appears in Cayman Islands court, Florida-based scam seeks to take advantage of bona fide firms like Lloyd's Bank and Barclays Bank, Members of Cayman Islands Legislative Assembly shelve plans to award themselves huge pay increases.

Insider Talking: January 29, 1999

Cayman Islands Government award members huge salary increases, McKeeva Bush offers $200,000 to settle $1 million liability, according to First Cayman Bank liquidators; Antigua journalist Tim Hector continues to publish despite printing presses being destroyed in an arson attack, the dubious past of New Utopia conman Prince Lazarus Long, a.k.a. Howard Turney; First Nevisian Group forms Life Offshore Group of Companies, Barron's magazine rips into Agora's The Oxford Club.

Insider Talking: December 31, 1998

An interesting column was published in the Turks & Caicos Islands Free Press on November 26 in which Opposition MP Norman Saunders argued that the government must statutorily hold a General Election by February 17, 1999 when it would have ruled for precisely four years; Still in the Turks & Caicos Islands, where the strangest things often happen. New Chief Justice Richard Ground halted the trial of a man charged with two counts of possession of cannabis and possession with intent to supply after two jurors were seen getting into the same taxi as the defendant and the defendant's main witness following the end of the first day of the trial; Nowhere does a country's politicians have a more one-sided or forgiving relationship with God than in the Cayman Islands; The Cayman government has spent considerable amounts of tax-payers' money to take out a court injunction against the local Caymanian Compass newspaper to prevent those same taxpayers from seeing all or part of the monopoly agreement the government has with the much-reviled telecommunications carrier Cable & Wireless; As regular readers of this newsletter should be aware, we recently caught Lines Overseas Management salesman Scott Oliver lying to potential clients about his credentials by claiming he was on the board of advisors of the International Exchange Bank of Bermuda, which does not exist; and Grant Gibbons, who was Bermuda's Finance Minister until the UBP lost the General Election on November 9, has been appointed a founding director of a newly-formed holding company that intends to raise $1 billion for a life and annuity reinsurer.

Insider Talking: November 30, 1998

Apart from The Harris Organization of Panama, other financial services providers promoted by Florida-based attorney and offshore author Arnold Goldstein have less than distinguished records over recent years, OffshoreAlert can disclose; After responding to an advertisement in the International Herald Tribune that invited readers to call a Bahamas telephone number for details about obtaining an offshore banking licence without any qualifications, we were faxed details of various licences available; The Bahamas Government appears to have changed its mind about how it should privatize the Bahamas Telecommunications Corporation; The Securities Industry Bill, which will, inter alia, provide for the establishment of a Bahamas International Stock Exchange, was introduced to the House of Assembly this month; and the liquidators of First Cayman Bank try to collect $1 million from former Cayman government minister McKeeva Bush.

First Cayman Bank liquidators prepare to sue directors

The liquidators of First Cayman Bank have opened negotiations with the bank's directors and officers with a view to holding them financially accountable for their responsibilities. A lawsuit for negligence is also being considered against the bank's auditors. This and the fact that professional fees and disbursements totalling $1.16 million were incurred in the first 23 weeks of provisional or official liquidation were the highlights of the second report of FCB's liquidators, Ian Wight and Michael Pilling, of Deloitte & Touche, dated May 14.

Insider Talking: January 30, 1998

OffshoreAlert's unblemished track record when it comes to publishing exposes, despite letters threatening litigation; human cloning group touts Cayman and Bahamas as potential domiciles, who is disgrunted ex-Bank of Butterfield employee who criticized recently-retired chairman Sir David Gibbons?, Richard Black and Mike Cascio look to form new Bermuda insurance facility, possible bribery in the Turks and Caicos Islands, Cayman Islands Monetary Authority MD Neville Grant accepts no responsibility for collapse of First Cayman Bank, Global Private Banking magazine causes mirth by describing closure of FCB as an example of regulators "acting tough on miscreants", Cayman-based Oxford Advisors opens up office in Bermuda, 18 luxury homes in Bermuda sold for a total of $72 m in 1997, and what effect, if any, will the death of Charles Collis have on Bermuda Fire and Marine Insurance litigation? 
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