Ukraine: Khimservis PE
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Ukraine into officials of Khimservis Private Enterprise for alleged tax evasion.
Clients complain about Alianta International Credit Union
Clients of an unlicensed "offshore credit union" who claim they cannot redeem their investments believe that at least $100 million of total investor funds may be at risk.Much of the money that has gone into Alianta International Credit Union, a.k.a. Alliance International Credit Union, was invested by U. S. nationals, according to one group.
Belgium: Robert John Hart
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Robert John Hart for alleged fraud and money laundering.
Three convicted drug dealers own preferred shares in The Harris Organization
New evidence obtained by OffshoreAlert shows that THREE convicted drug dealers are beneficial owners of the British Virgin Islands-registered parent of The Harris Organization financial services group. The traffickers all own preferred shares, which purport to pay annual interest of 10% in the case of Wallace Stull and James Somerville, and 7% for Lawrence Boulanger.
USA: Alyn Richard Waage et al
Letter Rogatory to Costa Rica for the prosecution of Alyn Richard Waage, James Michael Webb, Lynn Waage Johnston, and Tri-West Investment Club and related entities, filed at the U. S. District Court for the Eastern District of California.
Insider Talking: September 30, 2001
How concerned is the Financial Times newspaper about being used to facilitate fraud? Not enough to stop publishing bogus valuations for the Cayman Islands domiciled Aristocrat Endeavor Fund. The FT is continuing to accept and publish sham Net Asset Values
Securities fraud lawsuit filed against Tri-West Investment Club
A securities fraud civil lawsuit has been filed in the United States against an investment firm that used addresses in the Bahamas and Belize while raising money in an alleged high yield investment scam. The action was filed by the SEC against Tri-West Investment Club, Alyn Richard Waage and Haarlem Universal Corp. at the U. S. District Court for the Northern District of California on September 6, 2001.
Insider Talking: June 30, 2001
The First International Bank of Grenada loaned $30,000 to the wife of Grenada's then chief regulator, Michael Creft, so that she could buy a car and another $50,000 to the then President of the Grenada Bar Association, Reynold Benjamin, according to a document sent to OffshoreAlert; Dean Cantrell and Marcel Deinnet snap up domains in names of countries in the Bermuda-Caribbean region, fraud complaint filed against 'offshore banker' Douglas Castle, 72-year-old convicted fraudster is back in business, SEC continues trend of failing to menaingfully punish accused fraudsters, First Ecom.com Inc. acquires half of First Ecommerce Data Services Ltd. that it did not already own, Antigua gaming outfit World Sports Exchange Ltd. sues County Savings Association over three checks that allegedly bounced, First American International Bank becomes latest offshore bank to be operated in Nevis without a license by Global Dominion Financial Services, and Latvia-based Paritate Bank appears to be in financial trouble.