Tri-West Investment Club

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    Insider Talking: December 31, 2002

    UK-based Capital City Finance Limited, which was formed on August 20, 2001 as a spin-off from the Imperial Consolidated Group, is three and a half months overdue with the filing of its annual return with Companies House for England and Wales; If clients of St. Vincent-licensed Omnicorp Bank needed further evidence that they are being taken to the cleaners by the bank's management, there has been plenty of it recently; Investment fraudster Tracy Calvin Dunlap, Jr. was sentenced to 27 years in federal prison on December 19, 2002 at the United States District Court for the Middle District of North Carolina.; Steve Saemmler Klein, who operates a dubious Belize-based offshore group known as Grupo CAT, has apparently gone missing; and Alyn Richard Waage, 56, of Canada, and James Michael Webb, 40, of California, were extradited on December 19, 2002 from Costa Rica to Sacramento, California to face numerous federal charges relating to the Tri-West Investment Club, an Internet-based investment fraud scheme that allegedly netted more that $60 million.

    Insider Talking: September 30, 2002

    The Imperial Consolidated fraud has taken a further turn for the bizarre with the distribution in September of several press releases, masquerading as news stories, by a newly incorporated British company called Matrix International (Management) Ltd., whose commercial address is

    British Columbia Securities Commission declares Tri-West fraudulent

    The British Columbia Securities Commission has found that Tri-West Investment Club, which operated from addresses in Belize and the Bahamas, committed investment fraud.In a ruling dated October 23, 2001, the Commission ruled against the Club, Haarlem Universal Corporation, Jason Kingsley, Mark Goldman, Alan Richards, Alex Harlem and John Byron. The Commission is scheduled to rule on sanctions on November 9 after giving the parties an opportunity to respond to the ruling.

    USA: Alyn Waage et al

    Amended Letter Rogatory from the USA to Costa Rica for the prosecution of Alyn Richard Waage, James Michael Webb, Lynn Waage Johnston and the Tri-West Investment Club and related entities, filed at the U. S. District Court for the Eastern District of California.

    USA: Alyn Richard Waage et al

    Letter Rogatory to Costa Rica for the prosecution of Alyn Richard Waage, James Michael Webb, Lynn Waage Johnston, and Tri-West Investment Club and related entities, filed at the U. S. District Court for the Eastern District of California.

    Securities fraud lawsuit filed against Tri-West Investment Club

    A securities fraud civil lawsuit has been filed in the United States against an investment firm that used addresses in the Bahamas and Belize while raising money in an alleged high yield investment scam. The action was filed by the SEC against Tri-West Investment Club, Alyn Richard Waage and Haarlem Universal Corp. at the U. S. District Court for the Northern District of California on September 6, 2001.

    Tri-West courier arrested while carrying $4.5 million

    Tri-West Investment Club, which raised approximately $50 million from more than 6,000 people by promising monthly returns of ten per cent, has stopped payments after its founder was arrested in Mexico.Alyn Richard Waage, 55, was arrested carrying $4.5 million in cashiers' checks and money orders after he landed at Puerto Vallarta on a leased Lear Jet in April, according to international press reports.

    Canadian regulator acts against Tri-West Investment Club

    The British Columbia Securities has issued a Temporary Cease Trade Order against an offshore investment scheme run by Tri-West Investment Club that offers "risk-free" annual returns of up to 300 per cent. The Order relates to Tri-West Investment Club, its President, Jason Kingsley; Haarlem Universal Corp., its founder, Alex Haarlem, Alan Richards and Mark Goldman.

    Regulators take action against Tri-West Investment Club

    Regulators in Texas have issued a Cease and Desist Order against Tri-West Investment Club, which appears to have been operated from the US but also maintained an address in the Bahamas. In an Order issued by the Texas State Securities Board on July 10, 2000, the principal address for the club is listed as East Bay Shopping Center, East Bay Street, Suite A-216, Nassau, the Bahamas.