Mel Derutledge

Two dubious groups that have featured separately in exposés by OffshoreAlert appear to be business partners and have been jointly accused of perpetrating an advance fee fraud in a civil lawsuit filed recently in the United States. Certusia Reinsurance, whose operations include a Nevis-based insurer, and Nexxus One, whose operations include a Bahamas-based ‘securities' firm and a Swiss ‘trust' firm, are defendants in a complaint that was filed at the U. S. District Court for the Eastern District of California on May 1, 2007. 

A fraudulent reinsurer that was incorporated in Nevis but operated from the United States appears to have gone out of business amid a slew of lawsuits, including a judgment for $1.3 million. The telephone number for Certusia Reinsurance Company Inc.'s

Deloitte & Touche has offered $32 million to settle a class action lawsuit filed on behalf of shareholders of the British Virgin Islands registered Manhattan Investment Fund who bought shares between October, 1995 and January, 2000. D&T's Bermuda office audited