Terry Neal agrees to turn in clients

Terry Neal has become the latest United States-based offshore provider to turn in his clients to criminal prosecutors in return for a lenient sentence.Two months after shell bank promoter Jerome Schneider pleaded guilty to one count of conspiracy to defraud the U. S. government, Neal pleaded guilty to a similar charge yesterday at federal court in Oregon. Neal, who was based in Portland, Oregon and St. Kitts & Nevis, faces up to five years in prison and a maximum fine of $250,000 when he is sentenced on July 12, 2004.