Yank Barry

Complaint in Yank Barry, a former resident of the Bahamas now apparently residing in Bulgaria, v. Evander Holyfield and Holyfield Management, Inc. at the U. S. District Court for the Central District of California.

Bahamas based conman Yank Barry and his wife, Yvette, are being sued in the United States for allegedly failing to pay the full invoice to a company that installed a pool at their condo in Manatee County, Florida. Plaintiff Acme

Judgment in First Capital Investments Mercantile Inc. v. Global Village Market Holdings Ltd. and Yank Barry and in Global Village Market Holdings Ltd. and Yank Barry v. First Capital Investments Mercantile Inc. and Jay Gotlieb, by counterclaim, at Bahamas Supreme Court.

Bahamas resident Yank Barry will face a new trial on charges of money laundering and bribery following an adverse ruling by a federal appeals court in the United States.

A Florida based stock promoter with a checkered past has been served with a subpoena on behalf of the liquidators of collapsed Cayman Islands based stock broker SEGOES Services Ltd. Howard Gostfrand, of Miami Beach, and his Florida incorporated stock

No mention of SEC's securities fraud investigation in publicly-listed Lines Overseas Management's half-monthly letter to shareholders; Fraudster Maurice Lewis Mills loses a civil lawsuit that was filed against him by the Commodity Futures Trading Commission; Former offshore provider David Hampton Tedder indicted again; Former banker Mohamad Harajchi claims to have contributed $10 million to the Progressive Liberal Party to fund its successful general election campaign in the Bahamas in 2002; US Gov't tries to kick-start its stalled criminal action against Yank Barry and James Collins; Leadenhall Bank & Trust says its viability has not been affected by the loss of its MasterCard license and its legal dispute with former card administrator Axxess International over the return of millions of dollars of deposits to card-holders; and Axxess International appears to have gone out of business.

How absurd has the criminal case in Texas involving Bahamas resident Yank Barry become?; A recent land-mark opinion by the United States Supreme Court that effectively determined federal sentencing guidelines were unconstitutional has formed the basis of an appeal by jailed former offshore services provider Marc Harris against his sentence of 17 years in prison and a financial penalty of $26 million for fraud, money laundering and tax evasion; The Central Bank of Belize has warned that an entity calling itself 'Development & Holding Bank of Belize' is not licensed; In July, the Bermuda Monetary Authority also issued warnings about suspect or bogus companies claiming to have ties to the jurisdiction; The United States FBI is establishing an office in the Bahamas, reported the Nassau Guardian; On July 19, 2004, a United States podiatrist admitted to using an offshore bank and credit card account to launder money and evade New York City state and federal taxes on more than $300,000 in income, according to a press release from the office of Manhattan District Attorney Robert Morgenthau, which prosecuted the case at the state Supreme Court; Germain Bourgeois, the former investment manager of the University of Montreal Pension Plan, is suspected of receiving payments in return for "convincing" three parties to invest "hundreds of millions of dollars" in the Lancer Offshore group of funds; and A civil lawsuit has been filed at the Turks & Caicos Islands Supreme Court against a solicitor who was recently disqualified from serving as a company director in the U. K. by the Department of Trade & Industry for his part in a timeshare scam.

The U. S. Government has filed a motion asking a federal judge to sentence Yank Barry, an offshore promoter, and James Collins, a former Executive Director of the Texas Department of Criminal Justice. More than 28 months after they were both convicted of conspiracy, bribery and money laundering at federal court in Houston, Texas on August 20, 2001, Barry and Collins have still not been sentenced.

Nevis Premier Vance Amory seeks independence yet again, Panama ignores multi-million dollar frauds against foreigners but leaps into action when foreigners defraud locals of a relative pittance, U. S. helps BVI authorities obtain evidence against Canadian national Terry Turl, judgment for $2.7 million entered against David Rose, criminal proceedings in Texas against Yank Barry take another extraordinary twist, Towry Law seeks to recover £30 million defrauded from clients, Grenada intends to revoke license of Bank Crozier, Patrick English ordered to testify at trial of civil action involving the Bank of Bermuda, criminal action stated against Dnipropetrovsk, Ukraine branch of Parex Bank, Cayman prosecutors drop money laundering charges against Melvin Taves because of his age, and Banca del Gottardo files complaint in Switzerland against unnamed parties who alleged that it held accounts in the name of ousted Iraqi President Saddam Hussein, including one in the Bahamas. 

One of the most unusual criminal cases ever - involving Bahamas-based offshore promoter Yank Barry - has taken another bizarre twist. Barry's sentencing at the U. S. District Court for the Southern District of Texas has been delayed yet again because the court transcripts of the nine-day trial - which took eight months to produce - have been found to be inaccurate.

Business associated with Imperial Consolidated founders Lincoln Fraser and Jared Brook applies for permission to use a property on an old Royal Air Force base in England to store and test military equipment, Offshore Finance Authority of St. Vincent & the Grenadines revokes licenses of nine offshore banks, BVI Financial Secretary L. Allen Wheatley suspended from his duties after being arrested and charged with conspiracy to defraud, Bahamas International Securities Exchange reports net loss of $2.24 million for the 11 monthsended June 30, 2001, criminal action against Yank Barry drags on in Texas, British businessman Sean Quinn charged with US$3 million fraud in Barbados, former FIBG principals fail to comply with subpoeans, and the ego of Marc Harris apparently knows no bounds.

Bahamas-based businessman Yank Barry, who is a twice convicted criminal, will be the subject of an investigative Canadian television program due to air at 10 PM EST, Sunday, April 21, 2002.   Barry will be featured on CTV's 'W-Five' program, which is Canada's equivalent of '60 Minutes' in the United States.

Not even the courtroom presence of boxing legend Muhammad Ali could save offshore investment promoter Yank Barry from being convicted of bribery, conspiracy and money laundering in Texas. Barry, 53, who resides in the Bahamas and also spends time in Grenada, faces up to 70 years in prison and a fine of $2 million when he is sentenced, which is scheduled for November 19, 2001.

The long-awaited criminal trial of Bahamas resident Yank Barry in Texas on charges that he bribed a prison governor to secure a lucrative contract for his soy-based food firm called VitaPro is due to start on August 7, 2001 following previous delays; A look at OffshoreBanc.com; Kevin Mann, Registrar of Mutual Funds in the British Virgin Islands, has issued a Cease and Desist Order against Ian Renert's so-called Equivest Premier Holdings (BVI) Inc., which has been holding itself out to be an offshore mutual fund manager; Evergreen Security - details about creditors and how much they are owed; The 'New Utopia' farce continues; Bahamian Hubert Bowe is still trotting out press releases at www.alexandersworld.net claiming that he is about to "break ground" on a major development called Alexander's World; The last remains of FIBG's sham insurer, IDIC, disappeared recently when its web-site at www.idic-ec.org went off-line; The purchase of about 10 million shares in Manchester United PLC for some GBP28 million (US$40 million) by BVI-registered The Cuban Expression Company Ltd. - pushing its overall stake up to 6.77 per cent - caused quite a stir among business and soccer reporters in England; Further misrepresentation by The Harris Organization of Panama; and Paul de Weerd leaves his position as Superintendent of the Turks & Caicos Financial Services Commission.

Former Bermuda insurance boss John McGarrity resurfaces in the Bahamas, Turks & Caicos Islands regulators issue warning about Petro Funds, Bahamas resident Yank Barry goes on trial in Texas, default judgment entered in U. S. against American International Bank (in receivership), Bahamas union boss negotiates for employees of Suisse Security Bank & Trust, a private letter from FIBG principal Van Brink hints at corrupt payments to influential individuals in Grenada.

In an attempt to more accurately gauge the expectations of investors when they go offshore, we decided not to close last month's Internet poll on offshore investing but to keep it going indefinitely; Approximately 1,911 investors have filed claims totaling US$189.3 million, according to the latest report by the Receiver of the Cash 4 Titles alleged Ponzi scheme, which operated largely out of the United States, the Cayman Islands and the Bahamas; Controversial businessman Yank Barry, who hails from Montreal in Canada, has been given his passport back by Judge Lynn Hughes sitting at the U. S. District Court for the Southern District of Texas, where Barry is awaiting trial on eight counts of bribery, fraud and money laundering; The Panama Supreme Court has still not ruled on a dispute between The Harris Organization and La Comisión Nacional de Valores (National Securities Commission), which ordered the suspension of the financial services group's operations for operating without a license; The State of Washington Department of Financial Institutions Securities Division has issued a Cease and Desist Order against Grenada-registered Joie De Vie Ventures Inc., which Offshore Alert exposed earlier this year, and Arthur Kilner, d.ba. Kilner Enterprises Ltd.; and We recently contacted Bill Wallace, of Pannell Kerr Forster, in Nassau, to ask how his accounting firm was able to perform a competent audit of several Bahamas and Grenada-registered mutual funds operated by the Imperial Consolidated Group when the BVI-registered companies upon which the funds' solvency entirely depends do not appear to be audited.

Granger Brewster Whitelaw, the founding CEO of one of Bermuda's first e-commerce companies, EOCnet.com, pleads guilty to a criminal misdemeanor in New York, arrest warrant issued for Canadian chartered accountant Steven Brown following fraud investigation in the Turks & Caicos Islands, Panama Attorney General Jose Antonio Sossa orders arrests of four journalists, liquidators of Bermuda-based Telecheck group complete liquidation, Imperial Consolidated (Bahamas) boss Bill Godley receives compensation of $65,000 per month.

Global Village Market and the World Investors' Stock Exchange, Global Prosperity Group charges attendees $17,000 each for its get-rich-quick conferences, John Mathewson and the FBI, Cayman bank officer lived in home owned by client, says source; Harris Organization tries to subscribe to Offshore Alert, journalists seek information on Michael Ashcroft, Harris Organization officer Alan McAloon professes ignorance over Florida property ownership.