Sir Paul Scoon

A U. S.-based businessman has been sentenced to 34 months in prison for defrauding $1.2 million from clients of his offshore shell bank.Douglas Castle, a principal of Grenada-licensed Windsor International Bank & Trust, was also ordered to pay $1.2 million when he was sentenced on June 25, 2003 at the U. S. District Court for the Eastern District of Pennsylvania.

Two principals of a Grenada-licensed offshore bank whose directors included a former Governor-General, an ex-Prime Minister and two Justices of the Peace have been criminally charged in the United States. Noel E. H. Tait, a former staff dentist with the Department of Corrections in Washington D. C., and Douglas E. Castle were each charged with one count of wire fraud on January 30, 2003 at the U. S. District Court for the Eastern District of Pennsylvania.

Three people linked with an Irish-based reinsurer which Grenada-registered Windsor International Bank and Trust claimed was guaranteeing its high yield investments have been charged with conspiracy to defraud.Darren Louis Thomas, Leslie Gerald Hursey and David Graham Da Costa, of Merrion Reinsurance, were charged on July 19, 2001 at the City of London Magistrates Court, in England.

An offshore reinsurer run by people with links to the Dai Ichi Kyoto/Kobe Re/North American Fidelity & Guarantee scandal in the 1990s, which was partly based in Bermuda, is being investigated for fraud.Three principals of Irish-based reinsurer Merrion Reinsurance have been charged in the United Kingdom with conspiracy to defraud.Darren Louis Thomas, Leslie Gerald Hursey and David Graham Da Costa, of Merrion Reinsurance, were charged on July 19, 2001 at the City of London Magistrates Court, in England.

A Grenada-licensed bank founded by a dentist has been told to remove references on its web-site to a reinsurer that purportedly "guarantees" the bank's high yield investment products. Darren Thomas, a Director of Merrion Re, of Dublin, Ireland, told OffshoreAlert that references to the reinsurer on the site of Windsor International Bank & Trust had been "put there in error".