Swiss Asset Management

Former Grenada diplomat Eric Resteiner has been sentenced to serve 87 months in prison and pay restitution of $34 million for carrying out an investment fraud. In accordance with a plea agreement reached with the 48-year-old conman 15 months earlier, prosecutors had only asked for a prison-term of 71 months but U. S. District Judge Nancy Gertner considered that to be “inadequate punishment”. 

An American who is suspected of bribing the Prime Minister of Grenada for appointing him to a diplomatic position has pleaded guilty to unrelated fraud charges in the United States.Eric Resteiner, 46, pleaded guilty to five counts of wire fraud and two counts of mail fraud at a change of plea hearing that was held at the U. S. District Court for the District of Massachusetts on February 8, 2006. He is due to be sentenced on May 8. Under a plea agreement, the remaining 53 counts, including 18 regarding money laundering, which carry the harshest penalties, will be dismissed.

United States national Eric Resteiner has become the second former diplomat of scandal plagued Grenada in six months to be criminally indicted in the United States.Resteiner, once a General Ambassador for the Caribbean island, was indicted on 33 counts of

Criminal Indictment in USA v. Eric Resteiner at the U. S. District Court for the District of Massachusetts.

A United States national who was once appointed a 'Roving Ambassador' to the Caribbean island of Grenada has had a $30 million default judgment entered against him in the United States.Eric E. Resteiner, a one time resident of the Bahamas,

Former Bahamas resident Eric Resteiner has been accused of defrauding at least 50 people of $22 million in a civil lawsuit filed at the United States by the Securities & Exchange Commission. Many of the alleged victims were members of the Christian Science Church, according to a lawsuit filed at the US District Court for the District of Massachusetts on April 16, 2001.

Complaint in U. S. Securities and Exchange Commission v. Eric Edward Resteiner, Voldemar A. VonStrasdas, Miles M. Harbur, Charles G. Dyer, Resource F, LLC, and Bunker Hill Aviation, LLC at the U. S. District Court for the District of Massachusetts.