Nicolas Grant-St. James

A 30 year prison sentence and $30 million financial penalty has been handed out to a 69 year old fraudster who owned and operated a Nevis based offshore group with former offshore providers Nigel Scott Grant and his son, Nicolas

Seven years after his investment scheme was exposed by OffshoreAlert, a United States national who owned and operated a Nevis based offshore group in conjunction with offshore providers Nigel Scott Grant and his son, Nicolas Grant St. James, has been

Government's Trial Brief in USA v. Charles Nolon Bush at the U. S. District Court for the Western District of Washington.

More than six years after his St. Kitts & Nevis-based financial services group was exposed in OffshoreAlert for its involvement in fraudulent investment schemes and sham offshore credit unions, Charles Nolon Bush is in custody in the United States after being extradited from Poland.

Two corporations formed in Florida by former Nevis-based offshore financial services provider Nigel Scott Grant did not last long; OffshoreAlert has previously reported about the propensity of Bahamas Supreme Court judge Jon Isaacs to issue rulings that are favourable to suspected crooks, particularly those accused of narcotics trafficking; The All Japan Liquor Merchants Co-operative Association filed a civil lawsuit at Tokyo District Court, in Japan on August 17, 2006 against Credit Suisse, Haruo Kusakabe, who was a Vice President, Private Banking of Credit Suisse at the time of the incident at the heart of the action, and investment broker Fabio Takeshi Sunago; The liquidators of offshore stockbroker SEGOES Services Ltd. have obtained a court judgment for US$3.9 million against the firm's principal director, John Kaweske, Jr.; and Ohio Attorney General Jim Petro filed a motion at the U. S. District Court for the District of Southern New York on October 3 requesting that the State Teachers Retirement System of Ohio be appointed lead plaintiff in a securities class action lawsuit filed in August against Scottish Re Group Ltd.

OffshoreAlert has previously reported about the long-running battle between Taiwan and China for influence in the Caribbean in which impoverished countries receive sizeable financial assistance in return for officially recognizing - or refusing to recognize - Taiwan as a country, depending on who is offering the most attractive deal; The Central Bank of Belize issued a warning about United eXchange International Bank on December 1, 2005; Richard Fogerty and James Cleaver, as joint official liquidators of Bancredit Cayman Limited (in liquidation), have filed two civil lawsuits in the United States in an attempt to collect $2.34 million of allegedly unpaid loans that were issued to customers of the banks; Why did First International Bank of Grenada founder Gilbert Allen Ziegler change his name to Van Arthur Brink in June, 1998?[ Florida-based attorney Nigel Scott Grant and his son, Nicolas E. Grant-St. James, who previously established and, in at least one instance, operated sham credit unions in St. Kitts & Nevis, are back in business together, this time onshore; and Kenneth Krys and Christopher Stride, of RSM Cayman Islands, were appointed as Joint Provisional Liquidators of PFA Assurance Group, Ltd. on September 19, 2005 following an investigation by the Cayman Islands Monetary Authority.

Affidavit of Christopher E. Allen of Tony S. Dutson, as Trustee of Diamond Productions International and NW Atlantis, Inc. v. Charles Nolon Bush, d.b.a. Cornerstone Institute, at the U. S. District Court for the Western District of Washington.

Another civil complaint alleging fraud has been filed in the United States against a United States national who once helped operate the Nevis based Global Dominion Group.The latest complaint against C. Nolon Bush, d.b.a. Cornerstone Institute, of Kitsap County, Washington,

Global Dominion Fund, which was part of a now-defunct Nevis-based financial services group, is being sued for fraud in the United States. GDF, an affiliate company called Hooliman Trust and their controller, C. Nolon Bush, were added as defendants on November 21, 2003 to a lawsuit filed three years earlier at the U. S. District Court for the District of Utah.

Anglo American Bank has had its banking license reinstated by the Grenada International Financial Services Authority; Nevis-based offshore provider Robin Cotterell recently established an insurance company called Old Pacific Insurance Ltd.; Former Lines Overseas Management (Cayman) salesman Scott Oliver has popped up in Costa Rica as President of 'Somerset, Tighe and Campbell', which describes itself as a firm of "professional investment advisors" at its web-site at www.offshorecostarica.com; Inter Caribbean Business Management/Global Dominion Group in Nevis, which has been accused by at least one client of not redeeming her investment, has left Nevis and also closed down its web-sites; and Vladislav Popovic, the director of Richard & Partners, which is accounting firm Pannell Kerr Forster's representative in Montenegro, has confirmed that his firm has never carried out any auditing work for Montenegro-licensed Goldstar Commercial Bank AD, as claimed by the bank's principal, Gerardo Rodriguez Reynante, who is based in Uruguay.

OffshoreAlert can today confirm that the man who runs Global Dominion Financial Services in Nevis, whose approximately 200 clients are unable to redeem investments of more than US$6 million, is currently an undischarged bankrupt in the United Kingdom.   Former clothes salesman Nicolas Grant-St. James was declared bankrupt in the UK High Court on June 16, 1998 (Case number 2849 of 1998) and is due to be discharged, by expiry of time, in nine days time on 16 June 2001.

About 200 people who invested more than $6 million through Nevis-based Global Dominion Financial Services are unable to redeem their investments, OffshoreAlert can reveal. One investor, a 39-year-old disabled woman residing in Washington State, is due to have her house repossessed on June 24, 2001 because she cannot meet her mortgage payments.

Letter to the Editor of OffshoreAlert from Nicolas Grant-St. James regarding Inter-Caribbean Business Management.

The manager of a Nauru-registered bank that appears to be operated illegally from Nevis said he did not realize he was doing anything wrong and will take steps to correct the matter. Dennis L. Shollenburg also said that a lawsuit that has been filed against him and others in the US by plaintiffs alleging investment fraud involving his previous bank had not been served on him.