Secured Clearing Corporation

Two United Kingdom-based former accountants have been sentenced to prison after being found guilty of perpetrating a $200 million investment fraud, in part through an offshore bank in the Caribbean. Shinder Gangar, 46, and Alan White, 49, were each sentenced to prison-terms of seven-and-a-half years at Sheffield Crown Court, in England, on April 11, 2008, comprising six years each for conspiracy to defraud and 18 months each for conspiracy to corrupt a United States official, to be served consecutively. In addition, they have both been disqualified from being company directors in the UK for 12 years.

A United States national already under investigation in the United Kingdom for a fraud involving an offshore bank is being investigated in the U. S. for another apparent scam involving more than $10 million.The latest exploits of Gary Lynn McDuff, 51, of Deer Park, Texas, are outlined in a subpoena-enforcement action filed by the SEC at the U. S. District Court for the Northern District of Texas on March 10, 2006.

Two British nationals have been charged with defrauding clients of companies in the Bahamas and England in a high yield investment scam.Shinder Gangar, 44, and Alan White, 47, were each charged with two counts of conspiracy to defraud at Leicester

Another application for evidence has been filed in the United States as part of a criminal investigation by the Serious Fraud Office in the United Kingdom into an alleged $240 million investment fraud and money laundering. The latest application to

British criminal investigators have moved to subpoena bank records in the United States as part of an investigation into an alleged $240 million investment fraud.It is part of an investigation by the Serious Fraud Office into 11 people on both sides of the Atlantic who are suspected of money laundering and conspiracy to commit fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged investment fraud and money laundering by Shinder Gangar and others.