Argentine businessman used BVI firm to hide assets, allege creditors

By David Marchant

18 years ago

Topics

Keywords

Bansgrove Limited Beverages Holdings Corporation Capital International Securities Group Diego Hammerer Ernesto Kruger

Gerardo Hammerer Joel Magolnick Relau Sociedad Anonima Ricardo Fabre SBI Ventures Street Investment

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An Argentine businessman transferred ownership of his business interests in Florida into an offshore entity he controlled using bearer shares in an attempt to defraud creditors, it has been claimed.Details of the allegation are contained in a civil complaint filed at the U. S. District Court for the Middle District of Florida on June 26, 2006 by Ricardo Fabre, a resident of Buenos Aires, Argentina; Ernesto A. Kruger, a resident of Buenos Aires, Argentina; and Street Investment Inc., a Bahamas corporation, who claim they are owed more than $1 million in cash and securities.

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