Offshore Alert can today disclose that Panama's most-hyped financial services group, known as The Harris Organization, is being run as a massive Ponzi scheme in which clients are being defrauded out of millions of dollars. The situation is so serious that The Harris Organization, which employs 150 people in Panama, is hopelessly insolvent, with net liabilities of at least $25 million, according to sources knowledgeable of the group's financial affairs.
Articles Banks & Trusts British Virgin Islands Featured Fraud Investment Marc Harris Money Laundering Narcotics Trafficking Panama St. Kitts & Nevis Tax Turks & Caicos IslandsMarch 31, 1998
The Harris Organization’s multi-million dollar Ponzi scheme
25 years ago
TopicsBanks & Trusts British Virgin Islands Fraud Investment Money Laundering [ 5 more... ] [ top 5 ]
Marc M. Harris et Cie SA et al v. David Marchant et al: Final Judgment, Findings of Fact and Conclusions of Law
August 10, 1999