Merrill Lynch

Mexico has requested information at Merrill Lynch, Bank One Corporation and Union Bank for a criminal investigation into alleged corruption. Details are contained in an application for the appointment of a Commissioner to collect evidence - pursuant to a request

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Ecuador into Jorge Ignacio Moran Rosero for suspected fraud and embezzlement while serving as Financial Administrative Manager of Canaciet.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Poland into alleged fraud and breach of warranty involving Elektrim B Corporation.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into Maria Karen Miyasaki Hara for alleged corruption while serving as Assistant Director of Intermediate Distilled Products at P.M.I. Comercio Internacional, S.A. DE C.V., a subsidiary company of Petroleos Mexicanos (Pemex).

Bermuda-based Security Capital Assurance Ltd., in which XL Capital owns a 46% stake, has been hit with a new wave of class action lawsuits. Already facing class action litigation brought on behalf of shareholders for alleged fraud, the latest lawsuits seek to recover damages on behalf of purchasers of municipal derivatives from January 1, 1992 to the present. The latest class action complaints - numbering three so far - were filed at three different federal courts in the United States from March 12 to April 23, 2008, with eight municipalities or cities and one university as the specimen plaintiffs.

London-based Merrill Lynch International has filed a lawsuit against a subsidiary of Bermuda-based bond insurer Security Capital Assurance Ltd. in an attempt to enforce guarantees of up to $3.1 billion.MLI, which is incorporated in England and Wales, filed a complaint at the U. S. District Court for the Southern District of New York on March 19, 2008. Defendants are XL Capital Assurance Inc., which is incorporated and based in New York and a subsidiary of SCA, and XLCA Admin LLC, as Trustee for seven trusts, which are all based in New York. MLI is seeking declaratory judgments that guarantees from XLCA are "binding and enforceable".

The Cayman Islands Monetary Authority wishes to advise that the following mutual funds have either been struck off the Companies Register of the General Registry or dissolved. However, they failed to satisfy the Authority's termination requirements. Effective 29th February 2008, the named funds have been removed from the Authority's register.

XL Insurance Ltd. has been named as a defendant in two class action complaints filed in December concerning shares worth $300 million that it sold in another Bermuda firm, Security Capital Assurance Ltd., which has been ravaged by the subprime mortgage meltdown in the United States.

An account at Cayman National Bank was used by an Italian family to help defraud a state supported Italian bank out of approximately US$576 million in a scheme that also involved bribing a judge to fix litigation, it has been

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Hugh Dickson, Stephen Akers, and Paul Billingham, as the Foreign Representatives of Basis Yield Alpha Fund (Master), at the U. S. Bankruptcy Court for the Southern District of New York.

Indictment in USA v. Phillip Bennett, Robert Trosten, and Tone Grant at the U. S. District Court for the Southern District of New York.

Article based on an application to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance from Hong Kong - that was filed at federal court in the USA on January 27, 2006. Individuals and businesses mentioned in the request for assistance include Cassandra Keung Yuen-Mun, PacificNet Ltd., American Stock Trust and Transfer, ViewTrade Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Depository Trust Company, and Federal Express Pacific Inc.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Hong Kong into Cassandra Keung Yuen-Mun for allegedly defrauding PacificNet Limited of approximately US$830,000 between November and December 2004.

Article based on an application to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance from Mexico - that was filed at federal court in the USA on June 8, 2005. Individuals and businesses mentioned in the request for assistance include Maria Leonor Parres-Murillo, a.k.a. Maria Burillo; Ana Elena Mendez Lecanda, Jorge Eduardo Burillo Azcarraga, Charles Bender, Merrill Lynch, and Bank of America.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into Maria Leonor Parres Murillo, a.k.a. Maria Leonor Parres de Burillo, for alleged fraud.

Merrill Lynch Bank & Trust (Cayman) is being sued for damages of at least $1 million concerning a trust established  by a deceased former Governor of the Philippines, Armando Gustilo. The complaint was filed by his daughter, June Gustilo, at the U. S. District Court for the Central District of California on November 24, 2004.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Peru into Jaime Fernando Bellido Romero and Jose Fernando Bellido de Lama for alleged money laundering, specifically concealing real and personal properties owned by Jose Enrique Crousillat Lopez Torres and Jose Francisco Crousillat Carreno.

A dubious insurer that is purportedly based in Costa Rica and headed by a British national has been ordered to stop doing business in British Columbia, Canada.Centennial Insurance Company A.V.V. S.A., d.b.a. CIC Insurance Company, had a cease and desist

An Argentina-based family is suing Merrill Lynch's operation in the Cayman Islands and New York for $1.3 million, alleging mismanagement of funds held in a trust. The beneficiaries of the Trust of Raquel Calles de Edelman claim that Merrill Lynch money managers in the Isle of Man lost that amount by altering the Trust's investment profile from "conservative" to "moderate to aggressive" without authorization.

ARGENTINA Good banks, bad banksElisa Carrió - leader of the Alternative for a Republic of Equals (ARI) party - warned the government in a letter that Merrill Lynch & Co. and Barclays Plc, two of the three banks picked by

An Austrian investment broker defrauded approximately US$50,000 from at least 20 of his clients, according to investigators.Dieter Pointner has been charged with theft and embezzlement at the Regional Court of Linz, in Austria and faces between six months and ten

A Cayman Islands domiciled fund has filed a class action lawsuit following the bankruptcy of medical finance firm DVI Inc., whose major shareholders include CIBC Trust Company (Bahamas) Ltd.The action was filed at the United States District Court for the

Nearly $5 million belonging to the government-controlled National Commercial Bank of Dominica has been frozen in the United States after an offshore bank client was found to be in contempt of court.The U. S. District Court for the Northern District of Illinois froze $4,793,472 at NCB's correspondent account at the Bank of America in Miami, Florida on July 9, 2003.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Austria into Dieter Pointner for alleged fraud and embezzlement.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Germany into Bodo August Schnabel and Ingrid Schnabel for alleged fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Brazil into allegations of money laundering, corruption, deviation of public funds and illegal trading in false securities involving Wagner Baptista Ramos and others.

PartnerRe to open office in Chile and Merrill Lynch sponsors Bermuda insurer.

Indictment filed by USA against Alvin Irwin Moss, Frederick John Collier, Avraham Zohar, a.k.a. Avy Zohar; Richard Titterington, Geoffrey L. Feldman, Sherrie-Lee Doreen Cave, Peter James O'Sullivan, Rosalind Rose, Wayne Budd, Thomas Montgomery Bayer, Robert Murray Bohn, Stacy Layne Beavers, Beverly Ann Moss, Jeffery Allen Moss, Larry Charles Moss, Michael Joseph Harkin and Michael Elliot Cole at the U. S. District Court for the Western District of Tennessee.

Enron Corp's Bermuda-registered captive, Enron Re Ltd., has assets of just $9.58 million to meet its liabilities, according to bankruptcy court filings. Creditors of the firm include Enron Corp., Enron North America, Risk Management & Trading Corp., European Finance Re and Harrington International Insurance Ltd.

Section 304 Petition for Assistance in Insolvency Proceedings in Bermuda by Malcolm Butterfield and Anthony McMahon, as the Foreign Representatives of Enron Re Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Aruba - for a criminal investigation into Pursi Tjew San Jie-A-Swie, Farley Hon Ping Jie-A-Swie, Gerrit de Rouw, Hon Wo Choy, Kong Hing Supermarket NV, Kong Hing Supercenter NV and Kong Hing Freezone NV for suspected money laundering.

Plans by the Bermuda Stock Exchange and a New York-based partner to develop a facility for the secondary market trading in the shares of hedge funds have ended in litigation.PlusFunds Ltd. filed two civil lawsuits at Bermuda Supreme Court on June 8, 2001, one against the BSX itself and another against a joint venture firm called BSX-PlusFunds Group Ltd.

Add B Anderson Jr. vs. Providence VJ #2 Investments Ltd. - Bermuda Supreme Court

Add B. Anderson, Jr. vs. V.J. #2 Investment Limited et al. - Bermuda Supreme Court

Application for the appointment of a Commissioner for a criminal investigation in South Africa into Dr. Wouter Basson for alleged fraud, murder, attempted murder, conspiracy to commit murder, possession of prohibited substances (Cocaine, Mandrax and Ecstasy) and "defeating the ends of Justice".

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Magda Medina Perez for alleged forgery and money laundering.

Ghazi Abdulla Nasir Al-saqabi vs. Merrill Lynch Bank and Trust Company (Cayman) Limited - Grand Court of the Cayman Islands

Bank of America N.A. (formerly NationsBank vs. Neasden Ltd. and Merrill Lynch Bank & Trust Co (Cayman) Ltd. - Grand Court of the Cayman Islands

Bermuda's most successful insurance investment partnership, between Marsh & McLennan (now J&H Marsh & McLennan) and JP Morgan, may be coming to an acrimonious end.The two giants of the investment and insurance sectors, who were responsible for the formation of companies such as ACE, EXEL and Mid Ocean, have fallen out, apparently over Merrill Lynch being preferred to JP Morgan in lucrative insurance deals involving companies JP Morgan helped set up, we have been told.

Anne Kast, the Bermuda-based investment advisor who runs the Bermuda Insurance Index Fund, may have been ruing the timing of a recent full-page advertisement in The Royal Gazette newspaper. In an effort to drum up business for the fund, which was launched last year at $10 and is now at $9.40, readers were treated to massively optimistic buy recommendations of Bermuda's insurance stocks from analysts such as Morgan Stanley, Prudential, Merrill Lynch and Warburg Dillon.

Offshore Alert's exposé on The Harris Organization last month has caused quite a stir, with journalists from several international media organizations showing an interest in following up the story.

Citibank, N.A. vs. Carlos Gomes et al. - Grand Court of the Cayman Islands

In the Matter of Merrill Lynch Capital Appreciation Company Limited II - Grand Court of the Cayman Islands

Information Memorandum for Aristocrat Endeavor Fund Ltd.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into Babriel Azcarraga Garcia, Guillermo Azcarraga Garcia, Maria Elena Azcarraga Garcia and Martha Azcarraga Garcia for allegedly defrauding their brother, Jorge Azcarraga Garcia.

Bermuda Commercial Bank and Merrill Lynch Asset Management yesterday signed a shareholders agreement to establish BCB Merrill Lynch Asset Management Ltd., which is expected to be incorporated as a local company by today.

In the Matter of Merrill Lynch Adjustable Rate Securities Portfolio - Grand Court of the Cayman Islands

In the Matter of Merrill Lynch Adjustable Rate Securities Portfolio - Grand Court of the Cayman Islands

The Bank of Butterfield has been caught up in a stock scandal that has hit some of Wall Street's best-known brokerage houses.One of the bank's clients - American Michael Morse - has been accused of ripping off brokers through a scam involving the technique of ‘short selling'.Butterfield was named as a defendant in a court action brought at Bermuda Supreme Court this week by giant US investment firm, Merrill Lynch.

Merrill Lynch, Pierce, Fenner & Smith Incorporated vs. Global Enterprises 1991 Limited a.k.a. Global Enterprises Limited et al. - Bermuda Supreme Court