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Stephen Botes: Chapter 15 Petition (South Africa)

December 7, 2005
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in South Africa by Anton Lohse, as the Foreign Representative of Stephen Anthony Botes, at the U. S. Bankruptcy Court for the Northern District of Texas.

United Kingdom: David Bampton et al (‘Fraud & Money Laundering’)

November 2, 2005
Application for the appointment of a Commissioner to collect evidence from Mikhail Entertainment Ltd., North West Business Bank, Theodore Kolb, Homer Walker, Carl B. Wilson Trustee, Riggs National Bank, DeAngelis Associates LLC, a.k.a. Dean Delis & Associates LLC; National City Bank, Kurt Kendig, Sitaram Patel, and Donald Cochran - pursuant to a request for judicial assistance from the United Kingdom - for a criminal investigation into David Bampton, Peter Rust, Wassim Soufan, and Imad Ajama for suspected fraud and money laundering.

Judge slams hedge fund fraudster for ‘abuse’ of court system

August 3, 2005
Investment fraudster Ian Renert has been severely criticized by a judge in the Bahamas, who accused him of “duplicity and dishonesty” and of abusing the legal system during four years of litigation.After defrauding investors in his offshore hedge funds, Renert then sought to mislead the judiciary in an effort to impede civil and criminal investigations into his activities by the Securities Commission of the Bahamas, the SEC in the United States and an unidentified U. S. law enforcement agency, stated Mr. Justice Lyons in a ruling on June 21, 2005.

UK litigation funding flops try again with new group called Strathmore

August 31, 2004
Former insiders of two U. K. litigation funding scams that collapsed with combined losses of nearly $500 million are behind a recycled version of the same scheme, OffshoreAlert can reveal. The new business - operating under the brand name 'Strathmore' - encompasses companies in the Bahamas, Canada, the United Kingdom and Africa.

Portugal seeks evidence in Texas for investigation into alleged fraud against Banco Espirito Santo

July 31, 2004
Article based on an application to collect evidence for a criminal investigation into suspected fraud - pursuant to a request for judicial assistance from Portugal - that was filed at federal court in the USA on May 17, 2004. Individuals and businesses mentioned in the request for assistance include Hassan Raef Hamze, Skyport Computers, Hanna Car Hendles GmbH, Manuel Carvalho de Sousa, Elie Hanna, Efax.com, J2 Global Communications, KBC Bank, Banco Espirito Santo, Bank Fuer Tirol Und Vorarlberg, and Bank One.

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.

Zambia: Frederick Jacob Titus Chiluba et al (Florida)

January 7, 2004
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Zambia - for a criminal investigation into Frederick Jacob Titus Chiluba, Xavier Franklin Chungu, Bede Mphande, Stella Mumba Chibanda, and Atan Shansonga for suspected corruption and theft.

Zambia: Frederick Jacob Titus Chiluba et al (Texas)

December 12, 2003
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Zambia - for a criminal investigation into Frederick Jacob Titus Chiluba, Xavier Franklin Chungu, Stella Chibanda, Atan Shansonga, Bede Mphande and Faustin Mwenya Kabwe for suspected corruption and theft.

Ian Renert abandons SEC action, starts up again in South Africa

November 15, 2003
Unlicensed fund manager Ian Renert has abandoned his defense of a $22 million securities fraud lawsuit in the United States and apparently moved overseas to start a new investment scheme.After more than two years of fighting an action filed by

Insider Talking: August 31, 2003

August 31, 2003
Fund manager Brian Paul Kuhn pleads guilty at the Grand Court of the Cayman Islands to several counts of theft of client funds; Switzerland investigates theft of financial data by computer hackers; HedgeWorld Limited closes Bermuda office and relocates its staff to New York; "Marc Harris stole your funds", investment fraudster tells clients; Bermuda-based Bank of Butterfield and Bank of Bermuda expand overseas; and career conman David Tedder is sentenced to five years in prison, fined $1.06 million and ordered to forfeit $2.7 million at federal court in the USA.

Hedge fund group receives Cayman license, seeks to profit from penny stocks

August 31, 2003
An offshore hedge fund has been set up by a group with an eye-popping record of profiting from trades in penny stocks whose issuers have collectively lost more than $1.2 billion. Cornell Capital Partners Offshore Ltd. was licensed as a mutual fund by the Cayman Islands Monetary Authority on July 1, 2003. 

Bankruptcy petitions filed against Imperial Consolidated founders

March 31, 2003
Bankruptcy petitions have been filed against Lincoln Fraser and Jared Brook, co-founders of the fraudulently-operated Imperial Consolidated Group, which collapsed owing more than $300 million. The petitions were filed at Grimsby County Court, England on March 7, 2003 and are scheduled to be heard on May 2, 2003, according to a court spokesperson.

Dozens arrested as FBI targets investment fraudsters at home and abroad

March 31, 2003
Dozens of people in the United States and six other countries have been targeted in a massive police clampdown on alleged perpetrators of high yield investment frauds. Some of the people targeted in the clampdown were: Charles Ellis Halvorsen, Christopher Michael Taylor, William Joseph "Bill" Herisko, Leonard Kalish, Seymour "Sy" Taub, Mario Piccolino, Elson Quon Lui, Nicholas Roblee, a. k.a. Nicholas Richmond, Linda June Eaton, Joseph Lawrence Finney, Raj Mallick, Ronald Gaopalelwe Mokwena, Jack Louis Schrold, William Bruce Harper, John Cocoman, Gregory Smith, Larry Taylor, Rebecca Taylor, James "Doc" McCall, Victor Carl Vaccaro, Robert Downing II, Thomas Patterson, Antonius Maria Heijnen, Rudolfo Nieto, Henry Young, Charles Judson "Judd" Strader, Marion "Bowden" Atherton, James Joseph Honse, Harry Livingston, Alexander Moorehead Sr., Mark Scott Petkovich, Kenneth Samuel Harrison, Rosemary O'Connor, Garrett Oldhouse, Pamela Weeks Clark, Kitten Otto, William Patrick Bailey, Peter Johnson, Harmondev "Hardev" Bal, George Rieg, Alok Basudev, Kevin McKee, Sendjer Shefket, Yen Lung Chen, Tom Hauser, Karl Kortmeyer, and Marius Vermaak.

Insider Talking: October 31, 2002

October 31, 2002
In the wake of action taken by Swiss authorities against the Zurich based Sovereign Finance Group, which is being investigated for money laundering involving Russia and the Caribbean, regulators in St. Vincent & the Grenadines are taking action against Sovereign

Imperial Consolidated administrator awaits results of geological survey in Argentina

July 31, 2002
The results of an independent geological survey of 4.5 million acres of land in Argentina to which the Imperial Consolidated Group has mining rights are expected to be known by the end of August. They will go a long way to determining the level of dividend creditors can reasonably expect, said a spokesman for Imperial's UK-based administrator, Mazars Neville Russell.

Insider Talking: June 30, 2002

June 30, 2002
The Harris Organization financial services group has been evicted from its offices in Panama City for non-payment of rent; The revocation of the banking license of Baltic Bank Ltd. earlier this year by the Offshore Finance Authority of St. Vincent and the Grenadines has been stayed by Justice Brian Alleyne, sitting in the local High Court, according to a source familiar with the action; The battle for control of $6.5 million of frozen assets of a now-defunct, Dominica-based Ponzi scheme known as Stock Generation is dragging on through the United States District Court for the District of Massachusetts; Grenada Prime Minister Keith Mitchell and several other members of his Cabinet have received an award of $200,000, plus legal costs of $10,000, after winning a libel action brought against local journalist Stanley Charles, businessman and radio talk show producer Eddie Frederick and Grenada Broadcasting Network; The Central Bank of Belize has issued warnings about two entities that may be incorrectly holding themselves out to be licensed financial institutions: Trinity Savings Bank and Goldman & Stein; A Bermuda resident has accused the island's biggest law firm, Conyers, Dill & Pearman, of charging exorbitant fees for taking two trustees off her will, reported The Royal Gazette newspaper; A new date of July 15, 2002 has been set for the resumed hearing in the Bahamas of the appeal brought by the directors of Suisse Security  Bank & Trust Ltd. against the decision of the Central Bank revoking SSBT's licence; and The lack of concern shown by the operators of the Financial Times web-site for the financial well-being of its visitors continues.

France: Jean-Pierre Chariou et al

March 4, 2002
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in France into Jean-Pierre Chariou and others for the alleged production and circulation of counterfeit currency.

Insider Talking: November 30, 2001

November 30, 2001
Imperial Consolidated founders Lincoln Fraser and Jared Brook have been given additional time to wind up their business affairs before their four year disqualification as company directors in England and Wales becomes effective. A judge sitting at Blackpool County Court

Grenada licenses new FIBG and blocks FBI investigation into fraud

October 31, 2000
Grenada Prime Minister Keith Mitchell is being lined up as a potential defendant in a civil fraud lawsuit following the collapse of the First International Bank of Grenada. Depositors have vowed to take action against Mitchell after his government announced that it had granted a license to a new bank called First International Bank of Grenada 2000 Ltd.

South Africa: Dr. Wouter Basson

August 15, 2000
Application for the appointment of a Commissioner for a criminal investigation in South Africa into Dr. Wouter Basson for alleged fraud, murder, attempted murder, conspiracy to commit murder, possession of prohibited substances (Cocaine, Mandrax and Ecstasy) and "defeating the ends of Justice".

Insider Talking: February 29, 2000

February 29, 2000
Keith King and the Transglobal Investment Fund, Antigua PM Lester Bird seeks to have financial advisory lifted, Viktor Kozeny sued in the Bahamas, U. S. and Bermuda discuss new treaty, Quantum Trading offers suspiciously high returns, Mezzanine Capital in middle of pump and dump, and Michael Creft: From Manitoba Department of Highways employee to Grenada's chief offshore regulator

Details of allegations against Keith King in South Africa

March 31, 1999
Further information came OffshoreAlert's way recently about the nature of the allegations that led to the South African authorities issuing an arrest warrant against Keith Leslie King, the senior principal of First Nevisian, a Nevis-based stockbroking/corporate services group.We have obtained a document that originated from the Director of the Office for Serious Economic Offences in Pretoria dated May 15, 1996 that states: "This office is presently conducting an investigation into alleged fraudulent transactions in South African gilts (government and municipal stocks). The alleged falsification of stock certificates is an important element of the investigation.

Arrest warrant out for First Nevisian principal Keith King

March 31, 1998
Readers who are considering doing business with the First Nevisian stock-broking and corporate services group in Nevis might like to know there is a warrant out in South Africa for the arrest of its key principal, Keith Leslie King. They may also be interested to learn that he set up a firm in Nevis after being kicked out of the Isle of Man, where his company, City & International Securities, also recently lost a £45,000 ($72,000) lawsuit brought by a former client. A second lawsuit against City & International Securities and King personally is due to be tried soon in the Isle of Man.

Keith King: ‘Not Fit and Proper’

December 5, 1995
Isle of Man Financial Supervision Commission vs. Keith Leslie King - Notice of Direction - Isle of Man Financial Supervision Commission - December 5, 1995