USA v. Leo Malcolm West: Defendant’s Sentencing Memorandum
Defendant's Sentencing Memorandum in USA v. Leo Malcolm West at the U. S. District Court for the Southern District of Florida.
Change of Plea Hearing for Rodolfo Requena
A change of plea hearing has been set for May 9 for Rodolfo A. Requena, the former Chairman and President of Dominica-based British Trade and Commerce Bank who is charged with money laundering.Requena, 51, previously pleaded not guilty to one count of money laundering and one count of conspiracy to commit money laundering at the U. S. District Court for the Southern District of Florida.
USA: Tim Ray Sacora et al
Application for the issuance of Letters Rogatory by the USA regarding evidence in Costa Rica that is required for a criminal investigation into Tim Ray Sacora, Michael Wolf, Gibraltar Bank of Commerce, Banco Solidario de Costa Rica, Florida Secured Funding, and Senior Marketing Consultants Inc. for suspected fraud and money laundering.
United Kingdom: Kentaro Matsumoto et al
Application for the appointment of a Commissioner to collect evidence for a money laundering investigation in the United Kingdom into Kentaro Matsumoto and Illy Chakrabarty.
Belgium: Wazir Hussain Khan
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Wazir Hussain Khan for alleged money laundering by assisting illegal aliens to obtain employment contrary to Belgium law.
United Kingdom: Mohinder Singh Basra et al(2)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into Mohinder Singh Basra and Javaid Akhtar Chaudhary regarding the alleged laundering of the proceeds of narcotics trafficking.
United Kingdom: Mohinder Singh Basra et al
Application for the appointment of a Commissioner for to collect evidence for a money laundering investigation in the UK into Mohinder Singh Basra and Javaid Akhtar Chaudhary.
Brazil: Jose Samuel Benzecry
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into Marcos Marcelino De Oliveira, Jose Samuel Benzecry,Ourvoida Serruya Benzecry, Leonardo Dias Mendonca and others for suspected money laundering, smuggling, foreign currency evasion, and tax evasion.
United Kingdom: Paul Winter Morris
Application for the appointment of a Commissioner to collect evidence for a money laundering investigation in the United Kingdom into solicitor Paul Winter Morris.
Former BTCB CEO arrested in US & charged with money laundering
A Venezuelan businessman who was CEO of Dominica-based British Trade and Commerce Bank before it was forced into Receivership has been charged with money laundering in the United States.
Rodolfo A. Requena, 51, was arrested on November 13, 2001 after a sealed complaint was filed against him eight days earlier at the United States District Court for the Southern District of Florida, in Miami.
Hamilton Bank’s ‘unsafe banking practices’
Recently-unsealed court documents have thrown up allegations of money laundering and "unsafe banking practices" that led to the forced closure in January of Miami-based Hamilton Bank, which provided correspondent services to many offshore banks.
This activity included receiving deposits of approximately $1.9 billion per year via courier from Latin American countries without conducting any checks as to its legitimacy, it has been alleged.
Updates on cases against Giraud, Boeger, Downes, Butson and Nano
Following the convictions of William Abraczinskas and Malcolm West for money laundering only three months after their arrest, five more offshore bankers who were indicted in the same month must wait to see how the cases against them develop.
Julien Giraud, of Dominica; Brian Boeger, of the United States; Richard F. Downes and Pamela Butson, who live in Spain; and Thierry Nano, formerly of St. Vincent & The Grenadines, all still have cases pending.
State of Montana consultant found guilty of money laundering
A banking consultant whose firm is under contract with the Montana Department of Commerce to vet applicants for its Foreign Capital Depository Program has been convicted of money laundering.
William Joseph Abraczinskas, 38, was found guilty of one count of money laundering and one count of conspiracy to commit money laundering at the U. S. District Court for the Southern District of Florida, in Miami, on February 13.
USA v. Malcolm West: Plea Agreement
Plea Agreement in USA v. Leo Malcolm West at the U. S. District Court for the Southern District of Florida.
Still no action against Overseas Development Bank & Trust
A threatened winding-up application against Overseas Development Bank & Trust, of Dominica, had still not been filed by December 31, 2001.
Key Anti-Money Laundering Provisions of USA’s new Anti-Terrorism Bill
The new Anti Terrorism Bill that has been passed into law in the United States will make it more difficult for offshore entities to operate bank accounts in the U.S.Under the new law, all U.S. financial institutions must establish anti
Mohamad Harajchi sues Bahamas Prime Minister for libel
Suisse Security Bank and Trust chairman Mohamad Harajchi and the bank's CEO, Christopher Lunn, filed a civil complaint against Bahamas Prime Minister Hubert Ingraham in October, alleging that Ingraham defamed them in a public speech that he gave in Nassau.
Latin America Round-Up: November 30, 2001
Investigator finds links among different cases of corruption in Argentina The head of an anti money laundering commission in Argentina, Legislator Elisa Carrió, has linked apparently unconnected cases of corruption that have occurred during the past 15 years in a
Overseas Development Bank & Trust facing liquidation
An application may be made to wind up Dominica based Overseas Development Bank & Trust in the first week of December if it does not honor a demand for payment from a creditor, we have been told.Attorney Michael Bruney told
St. Vincent: Money Talks and Nano Walks
A claim by St Vincent &the Grenadines that it is serious about combating financial crime was dealt a blow on November 22 when it allowed suspected money launderer Thierry Nano to avoid an arrest warrant.Nano flew from the island on
Client seeks liquidation of Marc Harris firm, claims he is owed $1 million
A client of financial services provider Marc Harris has confirmed to OffshoreAlert that he is taking legal action in Panama in an attempt to recover an investment of approximately $1 million.An article was published in La Prensa newspaper in November
Bahamas regulators must go through courts to freeze assets, rules judge
The Bahamas Supreme Court dealt a blow to the local government's fight against money laundering by issuing a landmark ruling limiting the powers of the new Financial Intelligence Unit.In a decision dated November 27, 2001, Judge Anita Allen ruled that
Four offshore bankers arrested, two more on the run
Four offshore bankers were arrested by United States law enforcement agencies in November and charged with money laundering.Two more have also been charged with money laundering but are still at large after warrants were issued but not executed.Those arrested were
Americas International Bank is insolvent, used to launder fraud proceeds, says liquidator
Bahamas-based Americas International Bank Corporation Ltd. is insolvent and was used primarily as "a vehicle to launder funds" received from investment fraud, according to its liquidator.Accountant Clifford Culmer painted a bleak picture of the bank's activities in an affidavit filed with the Bahamas Supreme Court on November 19, 2001.
Netherlands: Giovannie M. M. de Jesus Van Ierland et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into Giovannie M. M. de Jesus Van Ierland and others for alleged narcotics trafficking and money laundering.
USA v. Julien Giraud et al: Criminal Indictment
Indictment in USA v. Julien Giraud and Brian Boeger at the U. S. District Court for the Southern District of Florida.
USA v. William Abraczinskas et al: Criminal Indictment
Indictment in USA v. William Abraczinskas and Leo Malcolm West at the U. S. District Court for the Southern District of Florida.
USA v. William Abraczinskas: Criminal Complaint
Criminal Complaint in USA v. William Abraczinskas at the U. S. District Court for the Southern District of Florida.
Latin America Round-Up: October 31, 2001
September 11 side effects on already slowing regional economy The attacks on the United States on September 11th will have profound economic effects, further slowing a world economy already growing at its lowest rate in a decade and speeding up
Terry Neal’s bank named as a relief defendant in stock fraud lawsuits
A Nauru-licensed bank that is operated from Nevis was used to launder most of the more than $30 million in profits from a fraudulent stock trading ring, it has been alleged.Exchange Bank and Trust, which is operated by Terry Neal's Nevis American Trust Co., has been named as a relief defendant in three of four related lawsuits filed by the SEC in the United States.
Americas International Bank goes into liquidation
Americas International Bank Corporation Ltd. has become the latest Bahamas-based private bank to stop operating.AIBC's shareholders passed a special resolution on October 11, 2001 that the bank, which was licensed on September 23, 1994, should go into voluntary liquidation.
Netherlands: Gursal Aslan
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into Gursal Aslan for allegedly laundering the proceeds of fraud by Robert and Lynne Schillaci.
USA: Alyn Waage et al
Amended Letter Rogatory from the USA to Costa Rica for the prosecution of Alyn Richard Waage, James Michael Webb, Lynn Waage Johnston and the Tri-West Investment Club and related entities, filed at the U. S. District Court for the Eastern District of California.
USA: Alyn Richard Waage et al
Letter Rogatory to Costa Rica for the prosecution of Alyn Richard Waage, James Michael Webb, Lynn Waage Johnston, and Tri-West Investment Club and related entities, filed at the U. S. District Court for the Eastern District of California.
Liquidated banks sue Cayman Gov’t over US$2.5 million ‘mistake’
Two Cayman banks that were closed down by regulators due to money laundering concerns have filed lawsuits against the government seeking the return of a mysterious US$2.5 million payment in 1997.
The litigation relates to the unusual circumstances in which Euro Bank Corporation, then a Class 'B' bank, obtained a rarely-awarded Class 'A' banking license on October 8, 1997.
Aruba: Farley Jie-A-Swie et al
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Aruba - for a criminal investigation into Pursi Jie-A-Swie and Farley Jie-A-Swieet for suspected money laundering and forgery.
Aruba: Pursi Tjew San Jie-A-Swie et al
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Aruba - for a criminal investigation into Pursi Tjew San Jie-A-Swie, Farley Hon Ping Jie-A-Swie, Gerrit de Rouw, Hon Wo Choy, Kong Hing Supermarket NV, Kong Hing Supercenter NV and Kong Hing Freezone NV for suspected money laundering.
Offshore promoter Yank Barry convicted of bribery and money laundering
Not even the courtroom presence of boxing legend Muhammad Ali could save offshore investment promoter Yank Barry from being convicted of bribery, conspiracy and money laundering in Texas.
Barry, 53, who resides in the Bahamas and also spends time in Grenada, faces up to 70 years in prison and a fine of $2 million when he is sentenced, which is scheduled for November 19, 2001.
Antigua Government refutes claims about Eurofed Bank liquidation
Last month's lead article about the fight for the assets of Eurofed Bank prompted a representative of the Antigua government to send a letter of complaint to OffshoreAlert.Wrenford Ferrance, Antigua's Director of the Office of National Drug Control and Money Laundering Policy, has denied that the liquidation of Eurofed is being carried out in secret, as we have been told.
United Kingdom: Michael Tyrell
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Michael Tyrell.
Canada: Annick Bertrand
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Canada into alleged money laundering by Theodore Savoie and Louise Savoie.
Eurofed Bank depositors are ‘ill-informed’, says Antigua’s chief AML officer
Letter to the Editor of OffshoreAlert regarding liquidation of Eurofed Bank from Wrenford Ferrance, Director - Office of National Drug Control and Money Laundering Policy.
Aruba: Pursi Jie-A-Swie et al
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Aruba - for a criminal investigation into Pursi Tjew San Jie-A-Swie, Farley Hon Ping Jie-A-Swie, Gerrit de Rouw, Hon Wo Choy, Kong Hing Supermarket NV, Kong Hing Supercenter NV and Kong Hing Freezone NV for suspected money laundering of the proceeds of narcotics trafficking and forgery.
Brazil: Cayman Dossier
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Brazil into Paulo Salim Maluf (former Mayor of Sao Paulo), Caio Fabio D'Araujo Filho and Lafaiete Coutinho regarding the alleged sale of a counterfeit document known as the 'Cayman Dossier' in an attempt to discredit the President of Brazil, Fernando Henrique Cardoso, and other politicians.
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Miami expenses of Cayman officers helped seal Bank of Bermuda’s fate
Expense accounts and management reports handed over in discovery weighed heavily against the Bank of Bermuda (Cayman) in its fight to avoid United States jurisdiction in the Cash 4 Titles litigation.In one report, the Bank's management stated: "Miami continues to grow in importance as a location with potential business and we are now working with a number of relationships with a Miami presence."
Antigua Gov’t tries to seize Eurofed Bank assets
In secret court hearings held in Antigua, the island's government has been trying to seize all or most of the $76 million of assets recovered so far in the liquidation of Eurofed Bank Ltd., we can reveal.The government is claiming the assets under its anti-money laundering laws on the grounds that they are the proceeds of criminal activity by former Ukraine Prime Minister Pavlo Lazarenko, 48.
Daniel Danker sent to prison for investment fraud
One of the principals of a now defunct Grenada-registered bank has been sentenced to five years and 11 months in prison in the United States.Daniel G. Danker, 53, was also fined $50,000 and ordered to pay restitution of more than $20 million at the U. S. District Court for the Southern District of Indiana on July 15, 2001.
Florida court grants judicial assistance to Liechtenstein for money laundering investigations
Article based on two applications to collect evidence for separate criminal investigations into suspected money laundering - pursuant to requests for judicial assistance from Liechtenstein - that were filed at federal courts in the USA on June 14, 2001 and June 15, 2001. Individuals and businesses mentioned in the requests for assistance include Jorge Hugo Reyes Torres, Herbert Batliner, Helmuth Otto Wilhelm Eduard Stanisch, Enrico Clerici, Dresdner Bank (Switzerland) AG, Peter Niermann, Verwaltungs-und Privat Bank AG, Pablo Escobar, Juan Carlos Saavedra Molina, Eugen von Hoffen, Eugen Heeb, Maria Sanclemente, Angela Maria Narvaez, Rosa Elvira Muñoz, Nestor Gomez Mejia, Intercompany Management AG, Barex Shipping, Conus Shipping, Nomentana, Calcul Business Consulting, Cashcom Investments, Con Moto Stiftung, Brenner Stiftung, Ancestry Foundation, FSK Foundation, Von Langenburg Stiftung, Agnat Stiftung, Valauris AG, Langdon Shipping Ltd., Standex Shipping Ltd., Zundorf Unternehmens AG, LGT Bank, Citibank, National Financial Services Corp., and Pershing Securities Ltd.
‘Leave Imperial Consolidated alone’, pleads Jared Brook
Letter to OffshoreAlert from Imperial Consolidated Group principal Jared Brook pleading with us to stop exposing his fraudulently-operated Imperial Consolidated Group.
Switzerland: Vladimiro Montesinos
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Vladimiro Montesinos Torres, James Stone, Ilan Weil Levy, Zwi Sudit, Yury Khozyainov, Fernando Carulla, Rony Lerner and Mordechai Mintzer for alleged money laundering, bribery and embezzlement.
