Sir James Mitchell

British financial advisor Arthur Vann was yesterday sentenced to four years in prison in the U.S. for swindling 14 investors out of $3.2 million via a Cayman Islands hedge fund whose directors included Sandy Schwab, son of California-based billionaire discount brokerage pioneer Charles Schwab.

A claim by St Vincent &the Grenadines that it is serious about combating financial crime was dealt a blow on November 22 when it allowed suspected money launderer Thierry Nano to avoid an arrest warrant.Nano flew from the island on