Harris Organization Clients
Selected Clients of The Harris Organization - August 31, 2002
Victims sue Melvin Ford and The Forum
A civil lawsuit has been filed in the United States by victims of a failed Antigua-based investment scheme known as 'The Forum'.The lawsuit was filed at the US District Court for the Southern District of Texas on January 24, 2001 by 64 individual plaintiffs.
The fiasco surrounding the collapse of American International Bank and the dubious track record of William Cooper
Further information has come our way this month that sheds more light on the collapse of American International Bank and the fiasco that ensued after the same people who caused its problems attempted to transfer the business into another entity they controlled. It seems that American businessman William W. Cooper and his wife, who co-owned AIB, closed down the bank at the end of December, 1997 and transferred its business on January 2 to a new Antigua-registered entity called Overseas Development Bank Ltd.
Melvin Ford’s plan to buy American International Bank falls through
A proposal to buy American International Bank Ltd. that was put forward by a businessman with a history of operating shady schemes has fallen through, we have been told. AIB's receiver, Edward St. Clair Smith, is now believed to be trying to sell the insolvent bank to other interested parties for $3.5 million, according to a source.
The Harris Organization’s multi-million dollar Ponzi scheme
Offshore Alert can today disclose that Panama's most-hyped financial services group, known as The Harris Organization, is being run as a massive Ponzi scheme in which clients are being defrauded out of millions of dollars. The situation is so serious that The Harris Organization, which employs 150 people in Panama, is hopelessly insolvent, with net liabilities of at least $25 million, according to sources knowledgeable of the group's financial affairs.