Terry Lindon

Insider Talking: July 6, 2010

Nevis Court of Appeals issues bizarre ruling against Millennium Financial fraud victims and in favor of their alleged tormentor (Ian Scott, who is currently under indictment in California); in a separate action, asset planners in the US allegedly portrayed Nevis as the perfect place to hide money from creditors, according to a client who claimed to have been defrauded by those selling him the plan; The U. K. Serious Fraud Office suffers another reverse as a jury acquits former Imperial Consolidated principals Jared Brook and Lincoln Fraser on one fraud count and is undecided on another; and the SFO hopes to have better luck with recently-filed fraud charges against Terry Lindon and Giles Hutchinson, who were involved in an Imperial Consolidated spin-off known as Invaro.

UK police raid premises in Invaro investigation

Police in the United Kingdom have raided at least three premises as part of a criminal investigation into a group whose insiders include some of the most notorious offshore fraudsters of recent years.

Pension fund advised to write-off $125 m investment

A Japanese pension fund that invested 80% of its assets in a British litigation funding scam has been advised to write-off its $125 million investment. That was the recommendation of Hori Hiroshi Law Office, which the All Japan Liquor Merchants Association hired to look into the mess and advise how to proceed.

Fraud group cleans up in Invaro liquidation

About 80 per cent of all assets realized in the first 12 months of the liquidation of British litigation funding firm Invaro Ltd. have gone to a Canadian shell entity controlled by serial fraudster Bill Godley. That was the statistic that jumped out of the first report to creditors and members by liquidators Tony Murphy, Robert Horton and Henry Shinners, of Smith & Williamson, on July 21, 2005.

Insider Talking: February 28, 2005

Former Caribbean banker Thierry Nano, for whom there is an outstanding arrest warrant issued at the U. S. District Court for the Southern District of Florida in November, 2001, appears to be involved in a luxury yacht business based in the south of France; Surprisingly enough, given our focus on exposing hard-core, financial crime, OffshoreAlert's staff do not receive as many obscene telephone calls as you might expect; A spokesperson for the British Columbia Securities Commission told OffshoreAlert on February 8 that its staff had not applied for a contempt of court order against Lines Overseas Management at the British Columbia Supreme Court, as a BCSC panel had suggested in a ruling on an enforcement action on January 12, 2005; and Creditors of Terry Lindon who are seeking his assets in the wake of the collapse last June of U. K. litigation funding firm Invaro Ltd. ought to pay a visit to http://www.perfectplaces.com/vacation-rentals/a_Villa_Rentals/4314.htm, where they can see an advertisement for his villa in Machico, Madeira, Portugal, which is available for rent for $300 to $500 per night or $2,100 to $3,500 per week, depending on the season.

UK litigation funding flops try again with new group called Strathmore

Former insiders of two U. K. litigation funding scams that collapsed with combined losses of nearly $500 million are behind a recycled version of the same scheme, OffshoreAlert can reveal. The new business - operating under the brand name 'Strathmore' - encompasses companies in the Bahamas, Canada, the United Kingdom and Africa.

Imperial Consolidated spin-off Invaro to go into liquidation

UK-based financial services firm Invaro Ltd. is insolvent and intends to apply for voluntary liquidation, along with two associated companies, which are believed to be Wishsprite Plc and Medico-Legal Reports Ltd. An announcement about Invaro's demise was made yesterday - only ten weeks after an OffshoreAlert article raised concerns about Invaro's legitimacy and provided evidence of its links to the fraudulently-operated Imperial Consolidated Group.

Group with ties to Imperial Consolidated fraudsters forms new UK-based PLC

A financial services group with close ties to fraudulently-operated Imperial Consolidated and offering similar products has formed a new public limited company in the United Kingdom.Wishsprite Plc was incorporated on September 2, 2003 - 25 days after the formation of affiliates Wishsprite Financial Services Ltd., Wishsprite Investment Services Ltd., Wishsprite Legal Services Ltd., Wishsprite Marketing Ltd., and Wishsprite UK Ltd.

Whatever you do, don’t mention the $300 million fraud

OffshoreAlert has obtained details of yet another unregistered securities offering being carried out by former officers of the Imperial Consolidated Group, including ex-British policeman Gary Alexander Lyons. Anglo Canadian Securities Inc., which is based in Canada and the UK, is raising funds for a personal injury litigation product that is virtually identical to one previously offered by Imperial.