An ordinary IBC in Nevis that operates as an unlicensed mutual fund has collapsed owing an estimated $50 million to approximately 1,100 shareholders.Approximately $100 million is believed to have gone into The Genesis Fund Ltd. but about half of it was repaid as interest payments, according to a client’s representative.
Articles Costa Rica Featured Fraud Investment Macau Panama St. Kitts & Nevis St. Vincent & the Grenadines USA Vanuatu Western SamoaOctober 31, 2002
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Arnold Mitchell Barbara Seibel Bill Murick Bob LaSpada Brian Patterson