Miles Harbur

Former Grenada diplomat Eric Resteiner has been sentenced to serve 87 months in prison and pay restitution of $34 million for carrying out an investment fraud. In accordance with a plea agreement reached with the 48-year-old conman 15 months earlier, prosecutors had only asked for a prison-term of 71 months but U. S. District Judge Nancy Gertner considered that to be “inadequate punishment”. 

An American who is suspected of bribing the Prime Minister of Grenada for appointing him to a diplomatic position has pleaded guilty to unrelated fraud charges in the United States.Eric Resteiner, 46, pleaded guilty to five counts of wire fraud and two counts of mail fraud at a change of plea hearing that was held at the U. S. District Court for the District of Massachusetts on February 8, 2006. He is due to be sentenced on May 8. Under a plea agreement, the remaining 53 counts, including 18 regarding money laundering, which carry the harshest penalties, will be dismissed.

Liechtenstein-based offshore provider Bryan Jeeves and his Jeeves Group of Companies have been named as defendants in more civil lawsuits alleging racketeering that have been filed at federal courts in the United States regarding South Carolina-registered Derivium Capital LLC; Ex-Bahamas resident and former Grenada diplomat Eric Resteiner is unhappy with the way a criminal action against him is proceeding at the U. S. District Court for the District of Massachusetts, where he is defending 42 counts of fraud and 18 counts of money laundering; and In a move that shames its counterparts in the United Kingdom, Japan and other countries in Europe and the Caribbean, the Hong Kong Securities and Futures Commission has reprimanded an investment broker and suspended its major shareholder and managing director for three years for “gross negligence” and “serious misconduct” in selling investment products connected with the Imperial Consolidated Group at a time when the group - which was based in the UK and Grenada- was widely known to be suspect.

Former Bahamas resident and Grenada diplomat Eric Resteiner is considering entering into a plea agreement with federal prosecutors in Boston, where he has been indicted for alleged investment fraud. Details of a possible deal were contained in a joint filing by the U. S. Attorney's Office and Resteiner's counsel at the U. S. District Court for the District of Massachusetts on December 2, 2004.

Former Grenada diplomat Eric Resteiner has been extradited from Singapore to the United States to answer a 60-count criminal indictment for fraud and money laundering. Resteiner, who is a United States national, was extradited to the United States from Singapore, where he was arrested on February 11, 2004, after losing his fight against extradition proceedings. He made his first appearance at the U. S. District Court for the District of Massachusetts on June 18, 2004.

United States national Eric Resteiner has become the second former diplomat of scandal plagued Grenada in six months to be criminally indicted in the United States.Resteiner, once a General Ambassador for the Caribbean island, was indicted on 33 counts of

Former Bahamas resident Eric Resteiner has been accused of defrauding at least 50 people of $22 million in a civil lawsuit filed at the United States by the Securities & Exchange Commission. Many of the alleged victims were members of the Christian Science Church, according to a lawsuit filed at the US District Court for the District of Massachusetts on April 16, 2001.