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    US indicts 7 for alleged $20 m fraud involving Bermuda ‘reinsurer’

    mm
    By
    9 years ago

    Topics

    Barbados Bermuda British Virgin Islands Cayman Islands Fraud
    Gibraltar Investment Ireland Listed Securities Marshall Islands Serbia USA United Kingdom
    [ 8 more... ] [ top 5 ]

    Keywords

    Allied Provident Insurance Inc. Allius Ltd. Amalphis Group Inc. Andre Heyliger Arie Jan van Roon
    Derek Galanis Gary Thornley Hirst Gavin Hamels Gerova AB Holdings Ltd. Gerova Advisors LLC Gerova Asset Backed Holdings LP Gerova Financial Group (UK) Ltd. Gerova Financial Group, Ltd. Gerova Holdings Ltd. Gerova Management Inc. Gerova MN Holdings Ltd. Gerova Real Estate Holdings LP Gerova Reinsurance Ltd. Gerova WPB Venture Holdings LP Jack Doueck Jared Galanis Jason Galanis John Galanis Michael Hlavsa Net Five Holdings, LLC Noble Investment Company Limited Northstar Group Holdings, Ltd. Northstar Reinsurance Ltd. Rineon Group, Inc. Stansdale Group Inc. Stillwater Capital Partners, Inc. Stillwater Market Neutral Holdings LP WFM Holdings Ltd. Ymer Shahini
    [ 29 more... ] [ top 5 ]

    Highlights

    • Gerova Group comprised companies in Barbados, Bermuda, BVI, Cayman, Delaware, England, Gibraltar, Ireland and Marshall Islands
    • Gerova Group's officer in Bermuda was Andre Heyliger

    Related Content

    Seven people have been criminally indicted in the United States for an alleged securities fraud involving purported reinsurer Gerova Financial Group – a former Cayman Islands firm that moved to Bermuda – that brought them nearly $20 million in profits.

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