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Switzerland: Kee Sien Lee

July 17, 2008
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Kee Sien Lee for alleged investment fraud.

Newt Utopia: Dominica’s financial services sector still a joke

September 7, 2006
DominicaThe financial services sector is still a farce. The International Financial Center building, built to offer high quality offices to the community, was completed just as the financial sector was gutted by regulations and scandals. When it opened, the only

Lion City Run-Off Private Ltd.: Chapter 15 Petition (Singapore)

March 15, 2006
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Singapore by Richard Whatton, as the Foreign Representative of Lion City Run-Off Private Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Derek Turner may face additional fraud charges

December 5, 2005
U. S. prosecutors may rescind the plea agreement of a former Bahamas resident and bring additional charges after he apparently lied about the extent of his criminal activity.Derek Turner, a New Zealand national, pleaded guilty to three counts of wire fraud concerning an investment scam at the U. S. District Court for the Eastern District of New York on August 9, 2005.

PayPal records targeted by IRS in offshore tax evasion investigation

October 26, 2005
The IRS has asked a U. S. federal court for permission to serve a “John Doe” summons on Internet money transfer firm PayPal Inc. as part of a clampdown on tax evasion using offshore credit and debit cards.“The records requested in the summons will identify the holders of bank accounts at, or payment cards issued by banks in, the listed jurisdictions, information which is not otherwise readily available to the Internal Revenue Service,” stated the IRS in its petition.

Missing in Action: Halliburton’s disappearing offshore subsidiaries

June 5, 2005
In the space of four or five years, Halliburton, the international oil services and construction conglomerate that is under attack for overcharging and underperforming in Iraq, has gone from reporting approximately 70 to 80 offshore subsidiaries in its annual SEC filing to just two, both in the Cayman Islands.Offshore networks had become a central part of Halliburton's management and financial strategy. When current United States Vice President Dick Cheney was CEO of Halliburton from 1995 to 2000, the company's offshore subsidiaries increased from nine to 44. By the year 2001, that had nearly doubled. Now most of them have gone missing!

Tradex Ltd.: Section 304 Petition

May 11, 2005
Section 304 Petition for Assistance in Insolvency Proceedings in Dominica by Marcus Wide, as the Foreign Representative of Tradex Ltd., at the U. S. Bankruptcy Court for the Central District of California.

IRS receives permission to serve subpoena on First Data Corp.

August 12, 2004
The world's largest processor of credit card payments has been ordered by a United States court to assist the IRS in its investigation into tax evasion using offshore accounts.First Data Corp. must turn over information about transactions by holders of American Express, Visa and MasterCard credit cards that were issued by or on behalf of certain offshore financial institutions.

Eric Resteiner extradited from Singapore to the US

June 21, 2004
Former Grenada diplomat Eric Resteiner has been extradited from Singapore to the United States to answer a 60-count criminal indictment for fraud and money laundering. Resteiner, who is a United States national, was extradited to the United States from Singapore, where he was arrested on February 11, 2004, after losing his fight against extradition proceedings. He made his first appearance at the U. S. District Court for the District of Massachusetts on June 18, 2004.

Investors sue Lancer Group service providers for $570 m

March 18, 2004
Eighty-six investors from 19 countries who claim to have invested more than $570 million in the Lancer Offshore Group have filed a lawsuit against its directors, administrator, auditor and prime broker. The three biggest claimants are all based in Montreal, Canada: Fondation Lucie et Andre Chagnon, a charity with a claim for $100 million; Bombardier Inc., the world's biggest train maker and third largest civil aircraft manufacturer whose pension fund has a claim for $68 million; and the University of Montreal's pension fund, with a claim for $67 million.

Citco slammed by Lancer Group Receiver

January 31, 2004
An offshore fund administrator has been accused of "impeding" the investigation in the United States into the $600 million collapse of the Lancer group of hedge funds. Citco Fund Services (U.S.A.) Inc. has refused to turn over records concerning BVI-registered Lancer Offshore Inc. and The OmniFund Ltd., which its Netherlands Antilles affiliate administered.

Switzerland: Ulrich Wymann et al

November 30, 2003
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Ulrich Wymann, Martin Wymann and Juerg Rothen for suspected investment fraud.

India: M. Gopalakrishnan

April 4, 2003
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in India into alleged bank fraud by M. Gopalakrishnan, an Executive director of Indian Bank, in Chennai, India; VR Chidambaram, R. Kumaraswamy, G. Balakrishnan and V. Rajkumar.

US court approves application to serve summonses on VISA International for tax evasion investigation

March 31, 2002
A California court has approved a request by the Internal Revenue Service for leave to file "John Doe" summonses on VISA International as part of an investigation into tax evasion using offshore credit cards. The order, issued on March 28, 2002, allows the IRS to examine the records of VISA credit or debit cards issued "by, through, or on behalf of banks or other financial institutions" in 31 offshore jurisdictions.

Newt Utopia: April 30, 2001

April 30, 2001
China I have business associates who travel regularly to China. I also work with Chinese businessmen who conduct a lot of business in the US. From both perspectives, the recent air crash incident involving the United States was most cumbersome,

Interclaim (Bermuda) freezes $200 m of assets controlled by callous white-collar criminals

March 31, 1999
Debt recovery firm Interclaim (Bermuda) Limited made international headlines recently after a series of daring legal manoeuvres in several countries against the type of heartless criminals who have become accustomed to getting away with their crimes.The company, which operates from Dublin, Ireland, has successfully frozen in the region of US$200 million of assets linked with Blair Down, a Canadian businessman who created his wealth by ripping off the elderly.

The colourful world of the promoters of The Harris Organization

May 31, 1998
One wrote a book describing Albania as a "fairy tale land" and promised he could show investors "how to double your capital at no risk", another sells seemingly dodgy insurance brokerage licences to the gullible, promising they are available within 72 hours to people with no qualifications or even a formal education who will be able to access the Lloyd's of London market; and another has written a book on prostitution showing where "balding, fat guys like your author" can find "Thai virgins".