Turks & Caicos Banking Company

An investment fund of which Turks and Caicos Islands-based attorney Courtenay Barnett was identified in a corporate filing as "president" - a position he says he never held - has had its assets frozen as part of an investigation into a suspected $4.6 million Ponzi scheme.

Complaint in U. S. Securities and Exchange Commission v. Abatement Corp. Holding Company Limited, domiciled in the Turks and Caicos Islands, as defendant, and Brenda M. Davis, International Balanced Fund, as relief defendants, at the U. S. District Court for the Southern District of Florida.

A fourth civil complaint in 11 months has been filed at federal court in Orlando by an investor claiming to have been defrauded in a Forex scheme operated by a Jamaican national using a Cayman Islands corporation.The latest action was