United Kingdom

SHOWING:

3901 to 3950 of 4236 results
  

Sort By:

Search

Filter By:

Topics

show more show less

Jurisdictions

show more show less

Allegations

show more show less

UK SFO arrests ex-head of Imperial Consolidated (Japan)

February 17, 2004
A fifth person has been arrested in the United Kingdom by police investigating the collapse of the Imperial Consolidated Group. Japanese national Masao Imadzu was picked up this morning as he attended a breakfast meeting in Lincolnshire, England with former Imperial boss Lincoln Fraser and other business associates.

Three former Imperial Consolidated officers arrested in UK

February 7, 2004
Three former officers of the Imperial Consolidated Group have been arrested and released on police bail in the United Kingdom, Offshorealert has been told. Lincoln Julian Fraser, 32, and his boyfriend, David Norvel Willerton, 30, both of Binbrook, Lincolnshire, England; and Jared Bentley Brook, 34, of Grimsby, Lincolnshire, England, were all arrested and their homes raided on Tuesday, February 3, 2004, according to two sources. OffshoreAlert understands that they have not yet been charged.

UK Police raid homes of former Imperial Consolidated officers

February 6, 2004
Police in the United Kingdom have raided the home of suspected investment fraudster Lincoln Fraser, a former principal of the failed Imperial Consolidated Group. The raid on Orford Hall on the site of an old RAF Air Station in Binbrook, Lincolnshire, England took place on Tuesday, February 3, 2004, according to two sources.

Spain: CAFI SA et al

February 3, 2004
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Alberto Ortega Diaz, Fernando Heras Castan, Pedro Llorente Malo, Francisco Javier Munoz Ponce, David Santiago suarez, Manuel Diez Fernandez, Ignacio Jose Correa Sureda and Santiago Maroto Illera for alleged fraud involving Port Kenny Holding SL and CAFI SA.

Insider Talking: January 31, 2004

January 31, 2004
Lines Overseas Management has filed a lawsuit against the Bermuda Monetary Authority in an attempt to prevent the SEC in the United States from receiving information about LOM's clients; Two alleged participants in a massive investment fraud involving Evergreen Security, which was registered in the British Virgin Islands and managed in Florida, are to be re-tried after their trial for grand larceny in the first degree ended in a hung jury; How much does failed offshore hedge fund boss and accused $600 million fraudster Michael Lauer hate Christopher Byron, the New York Post columnist who exposed his activities at the Lancer Offshore Group?; Imperial Consolidated administrator Mazars Neville Russell has reported receipts of $6.48 million and payments of $4.57 million in the five months from June 10, 2003 to December 9, 2003 for the group's principal UK company, Imperial Consolidated Financiers Ltd.; On January 19, 2004 at the British Virgin Islands High Court, Allen Wheatley, former Financial Secretary of the BVI Government, and three accomplices pleaded guilty to corruption-related charges concerning the misappropriation of funds for telecommunications projects at the Terrance B. Lettsome International Airport; Canadian television firm CBC broadcast a fascinating documentary on convicted money launderer Martin Chambers on January 13, 2004, including hidden camera footage of the undercover sting operation that led to his arrest in the 'Bermuda Short' operation conducted by the FBI and RCMP a few years ago; A liquidator of First Cayman Bank, of the Cayman Islands, announced in December 2003 that he had paid out a third interim dividend of 15 cents in the dollar on November 21, 2003 to all admitted creditors in a distribution of approximately US$4.4 million; Eduardo Masferrer, former Chairman and CEO of the now-closed Hamilton Bank N.A., of Miami, Florida, has agreed to pay $960,000 in restitution for the benefit of the Federal Deposit Insurance Corporation and $40,000 in penalties and stay out of banking for an indefinite period; Grenada-domiciled IBC Joie de Vie Ventures Inc. closed for business after taking in millions of dollars from the public by offering returns of up to 100 per cent per year; U.K. attorney Christopher Stenning's Regalia Offshore Fund Ltd., which has an affiliate in the British Virgin Islands called The Regalia Fund Ltd., did not last long; A Canadian regulatory agency has issued a warning against a sham bank doing business as "Bermuda Credit Re-Insurance Bank Ltd."; The California Division of Corporations might want to look a little more closely at Gamboa Properties Inc. before renewing its status as an 'Active' company in the state; and Two Cayman Islands law firms announced they were merging with firms in other jurisdictions during January.

Imperial Consolidated victims sue Ansbacher for US$54 million

January 31, 2004
Nearly 500 victims of the Imperial Consolidated fraud have filed a lawsuit in which they seek to hold offshore provider Ansbacher responsible for their entire losses of over £30 million (US$54 million). The complaint was filed against Ansbacher (Bahamas) Ltd. at the Bahamas Supreme Court on January 30, 2004 by 486 plaintiffs located in several countries.

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.

Insurance firms seek independent Trustee for AlphaStar Insurance Group

January 31, 2004
Three United States-based firms have asked a court to appoint an independent Bankruptcy Trustee for AlphaStar Insurance Group Ltd. to prevent further fraud. The current management of AlphaStar and 11 of its subsidiaries, which all filed for Chapter 11 bankruptcy protection in New York on December 15, 2003, cannot be trusted, it was alleged.

Ludgate Insurance Company Ltd.: Section 304 Petition

January 30, 2004
Section 304 Petition for Assistance in Insolvency Proceedings in the United Kingdom by Kenneth Randall and Alan Quilter, as the Foreign Representatives of Ludgate Insurance Company Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Energy Innovations Corporation: Section 304 Petition

January 23, 2004
Section 304 Petition for Assistance in Insolvency Proceedings in Canada by Mintz & Partners Limited, as the Foreign Representative of Energy Innovations Corporation, at the U. S. Bankruptcy Court for the Southern District of New York.

UK law firm sues Matrix International regarding apparent asset recovery scam

January 22, 2004
A British law firm has taken legal action against the operators of an asset recovery scheme that has targeted victims of the fraudulently-operated Imperial Consolidated Group. Pinsents filed a lawsuit against Matrix International (Management) Ltd., d.b.a. Matrix Investigations, and Barclays Bank Plc at the UK High Court on December 16, 2003.

Parmalat Capital Finance Ltd.: Section 304 Petition

January 20, 2004
Section 304 Petition for Assistance in Insolvency Proceedings in the Cayman Islands by Gordon MacRae and James Cleaver, as the Foreign Representatives of Parmalat Capital Finance Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

United Kingdom: Stephen Peter Rayment et al

January 16, 2004
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Stephen Peter Rayment and others for alleged fraud and corruption regarding the London Underground.

United Kingdom: Bernard Taylor et al

January 14, 2004
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into the alleged sexual assault of a minor by Bernard Taylor.

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.

Insider Talking: December 31, 2003

December 31, 2003
Investors who were defrauded in the Cash 4 Titles Ponzi scheme can expect to receive a dividend of approximately one-third of their recognized losses, according to Philip Stenger, the SEC Receiver responsible for administering claims; Four offshore companies and their registered agents have been trying to prevent their local regulator in the Turks & Caicos Islands from having access to their records; Also at the TCI Supreme Court, John E. Rutley Jr. has filed a lawsuit against Timothy Prudhoe, Christian Papachristou, Melbourne Wilson and Stephen Wilson, sued as and on behalf of the partners of McLeans law firm, formerly McLean McNally; Financial criminals operating in six offshore centers in the Bermuda-Caribbean region can breathe more easily next year with news that the Miami, Florida-based White-Collar Crime Investigation Team, is being disbanded on March 31, 2004 due to the withdrawal of funding by the United Kingdom government; The capacity of sales people for UK-based due diligence information provider World-Check to tell outrageous lies to potential customers in an attempt to secure a sale appears to know no bounds. FirstRand, the South African parent of Ansbacher (Cayman) Ltd., has agreed to pay 25 per cent of the amount being sought by the Irish government to cover the costs of an offshore tax investigation carried out by a panel known as the McCracken Tribunal, reported the Irish Examiner newspaper on December 19, 2003; and The Australian Securities & Investments Commission has obtained an interim order appointing a receiver over Queensland-based Comcash Australasia Pty Ltd., which it claims was operating an unregistered investment scheme in conjunction with SMC Corporation, of Dominica.

UK seeks evidence in Florida for terrorism investigation

December 31, 2003
Article based on an application to collect evidence for a criminal investigation into Larry Claxton, a.k.a. David Sangster, for suspected terrorism - pursuant to a request for judicial assistance by the United Kingdom - that was filed at federal court in the USA on June 25, 2003.

Belgium: Antoine Mekri et al

December 29, 2003
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Antoine Mekri and OXET Corporation Ltd. for alleged fraud.

AlphaStar files for Chapter 11 bankruptcy protection

December 21, 2003
Bermuda-domiciled AlphaStar Insurance Group Ltd. and 11 of its subsidiaries have applied for Chapter 11 bankruptcy protection in New York. The group is seeking breathing room while it seeks buyers for its assets, including policy-issuing subsidiary Realm National Insurance Company, for which AlphaStar "is no longer able to provide capital".

United Kingdom: Kevin Dooley et al (Wisconsin)

December 16, 2003
Application for the appointment of a Commissioner to collect evidence from Fiserv Correspondent Services Inc. - pursuant to a request for judicial assistance from the United Kingdom - for a criminal investigation into "an alleged fraud scheme executed by a British solicitor, Kevin Dooley, and his firm".

Dobb White & Co. forced into liquidation

December 15, 2003
A United Kingdom-based accounting firm accused of fraud involving an offshore bank has gone into liquidation and its two partners declared bankrupt. Orders to wind-up Dobb White & Co., of Leicester and Nottingham, in England, and bankrupt Shinder Singh Gangar and Alan White were issued by the UK High Court on December 2, 2003.

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.

Pinsents pulls out of Imperial Consolidated scheme

November 30, 2003
A leading UK law firm has pulled out of a dubious asset recovery scheme after OffshoreAlert alerted them it was being organized on behalf of the crooks who were responsible for the loss of assets.Pinsents acted swiftly after being informed

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.

New Zealand: Bill Papple et al

November 6, 2003
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from New Zealand - for a criminal investigation into William Papple, Margarite Huia, a.k.a. Lee Papple; and Tina Marie West for suspected fraud.

Ex-BVI Gov’t minister Andrew Fahie investigated for money laundering

October 31, 2003
A United States federal court has granted a request for judicial assistance regarding a criminal investigation into a former member of the British Virgin Islands Government and his banking officer wife.The targets of the investigation are Andrew Alturo Fahie, 33, who was the BVI's Minister of Education & Culture until a change of government in June of this year, and his wife, Sheila E. Fahie, a.k.a. Sheila Fannie, Sheila Romney, 36, an officer with Banco Popular in BVI.

Anthony Defries v. Swiss Partners Investment Network et al: Complaint

October 29, 2003
Complaint alleging securities fraud in Anthony Defries, a citien of the United Kingdom residing in Virginia, as the principal beneficiary and beneficial owner of the assets of Laurasca Foundation, of Liechtenstein v. Swiss Partners Investment Network, of Switzerland; Swiss Partners Insurance Company SPC Ltd., described as a "Swiss corporation" with "principal offices in Cayman Islands"; Liechtensteinische Landesbank Ltd., of Liechtenstein; Karp & Grenauer PA, of Florida; Bank Julius Baer & Company Ltd., of Switzerland; Dexia PrivatBank Switzerland, of Switzerland; Rainer H. Moser, of Switzerland; Martin P. Egli, of Monaco; Simon Newson, of Switzerland; Benno K. Raeber, of Switzerland; Anthony B. Stelling, described a citizen of the United Kingdom residing in the Cayman Islands; Elfried Hasler, of Switzerland; Norman Oehri, of Switzerland; Joel J. Karp, of Florida; Raymond J. Baer, of Switzerland; Armin Weber, of Switzerland; Marcel Wieduwilt, of Switzerland; Sigrid Baur, of Switzerland, and Alfons Widmer, of Switzerland, at the U. S. District Court for the Eastern District of Virginia.

United Kingdom: University of North America

October 27, 2003
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into alleged fraud involving University of North America LLC.

United Kingdom: Athanasis Apostolopoulos et al(2)

October 24, 2003
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into alleged narcotics trafficking and money laundering by Athanasis Apostolopoulos and others.

OffshoreAlert Finds Claims About September 11 Terrorists in Database False, Findings to be Presented at Symposium, November 3-4

October 22, 2003
Claims that a British due diligence database provider had profiles of 15 of the 19 September 11 terrorists in its system before the attacks are false, an investigation by OffshoreAlert has revealed.The claims about Global Objectives Ltd., d.b.a. World-Check, which markets USA PATRIOT Act compliance solutions, have appeared in news articles, press releases and promotional literature distributed internationally.

British Virgin Islands: Andrew Fahie et al (Terrance B. Lettsome Airport Investigation)

October 6, 2003
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from the British Virgin Islands - for a criminal investigation into suspected fraud, theft, and money laundering by Andrew Fahie and his wife, Sheila Fahie, involving the expansion and improvement of the Terrance B. Lettsome International Airport.

Imperial Consolidated’s assets frozen by US Bankruptcy Court

September 30, 2003
A U. S. Bankruptcy Court in New York has issued a preliminary injunction freezing the assets of the Imperial Consolidated Group in the United States. The injunction, issued in September, 2003, also prohibits "all persons and parties in interest" from

Imperial Consolidated creditors can expect 11 cents in dollar

September 24, 2003
Unsecured creditors of one of the main companies within the Imperial Consolidated Group have been told to expect a dividend of approximately 11 cents in the dollar. That is the "estimated outcome" for parties owed money by Imperial Consolidated Financiers Ltd. as forecast by the firm's administrators, Philip Lyon and Steve Woods, of Mazars Neville Russell.

Trinidad & Tobago: Namcaran Singh et al

September 23, 2003
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Trinidad & Tobago into Namcaran Singh, Cosmas Bonaparte, Horace Blake, Robert Paladino and others for alleged corruption.

Bank syndicate owed $183 million by Trenwick Group

August 31, 2003
A syndicate of banks led by JPMorgan Chase Bank is the biggest creditor of ailing Bermuda-based specialty insurer Trenwick Group Ltd., with an outstanding claim of $183 million at August 20, 2003.The syndicate also includes Wachovia Bank, Credit Lyonnais (New York), Dresdner Bank (New York and Grand Cayman), Fleet National Bank, The Royal Bank of Scotland, ING Bank (London), Citibank, The Bank of Nova Scotia, State Street Bank and Trust Company, and Mizuho Corporate Bank.

Client complains about Whitherspoon Seymour & Robinson

August 31, 2003
A business which operates from addresses in the United States has been accused of ripping off a Hong Kong-based client through the sale of an offshore bank charter.Whiterspoon Seymour & Robinson Inc. received $41,980 from the client in November, 2002 for a shelf bank called European Securities Bank Ltd. that was purported to be licensed in Fiji. The funds were sent to WS&R's account at PNC Bank, 500 First Avenue, Pittsburgh, Pennsylvania.

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. 

Clients complain about Alianta International Credit Union

August 31, 2003
Clients of an unlicensed "offshore credit union" who claim they cannot redeem their investments believe that at least $100 million of total investor funds may be at risk.Much of the money that has gone into Alianta International Credit Union, a.k.a. Alliance International Credit Union, was invested by U. S. nationals, according to one group.

United Kingdom: Mikael Khan et al

August 26, 2003
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into alleged benefits fraud by Mikael Khan and others.

Goldsmith Investments Limited

August 14, 2003
Public Announcement about Goldsmith Investments Limited by the British Virgin Islands Financial Services Commission.

Uniworld Global Management Ltd.

August 13, 2003
Public Announcement about Uniworld Global Management Ltd. by the British Virgin Islands Financial Services Commission.

Stirling Cooke Brown Insurance Brokers Ltd. goes into administration

July 31, 2003
After the loss of a major lawsuit, Stirling Cooke Brown Insurance Brokers Ltd. has gone into administration in the United Kingdom.Paul Evans and Dan Schwarzmann, of PricewaterhouseCoopers, were appointed joint administrators on July 17, 2003 - nine days after a judgment in a U. K. High Court action filed by Sphere Drake Insurance.

Liquidators seek to depose former New Cap Re boss

July 31, 2003
The liquidators of New Cap Reinsurance Corporation (Bermuda) Ltd. have been granted a request for judicial assistance by a United States court.The decision on July 8, 2003 by the U. S. District Court for the District of Connecticut allows liquidators John McKenna and Gareth Hughes to depose Udayan Ghose.

Insider Talking: July 31, 2003

July 31, 2003
Police in Bermuda have carried out raids on several offices on the island, including those of law firm Appleby Spurling and Kempe, looking for documents as part of a criminal investigation, reported The Royal Gazette newspaper on July 22, 2003; A Canadian Alliance MP wants Canada to investigate the possibility of annexing the idyllic Turks and Caicos Islands, reported the National Post, of Canada, on July 15, 2003; A court in Zurich, Switzerland, has sentenced Greek businessman Panagiotis A. Papadakis to 23 months and 16 days in prison for fraud, according to a newsletter published by the International Chamber of Commerce's Commercial Crimes Bureau; Former janitor John Wayne Zidar, 60, who orchestrated a Ponzi scheme that took in approximately $74 million from about 3,200 people in the United States and elsewhere, including Bermuda, was sentenced to 30 years in prison on July 28, 2003 at the U. S. District Court for the District of Western Washington; Mazars Neville Russell, the administrators of the Imperial Consolidated Group, have recovered relatively few assets for distribution to its clients and creditors, if a recent filing with Companies House for England & Wales is anything to go by; Just 15 months after they were formed, voluntary applications have been made to strike off two companies that were set up by former senior officers of the Imperial Consolidated Group to carry on in business as IC was collapsing after defrauding investors of $345 million; and A publicly-traded firm in the United States has written off its entire $1 million investment with Omnicorp Bank, which was closed down by regulators in St. Vincent last year but only after the bank's depositors were asked to convert their CDs to preferred shares in a highly dubious U. S.-registered, Canadian-based firm called Solara Ventures.