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Caledonia management ‘destroyed records’, ex-chairman involved in new firm

November 19, 2009
Insiders at Bahamas based financial services firm Caledonia Corporate Management Group appear to have destroyed corporate emails shortly before putting the massively insolvent and allegedly fraudulently operated company into voluntary liquidation, according to liquidator Anthony Kikivarakis, of Deloitte & Touche

Bermuda police recommend fraud prosecution of money manager Hans Black

November 19, 2009
Bermuda police have recommended that 55 year old Canadian money manager Dr. Hans Black be criminally prosecuted for allegedly defrauding a client of $6 million.Black, whose Montreal based Interinvest group reportedly manages over $2 billion from offices in Canada, Bermuda,

Pandora Select Partners LP et al v. Strategy International Insurance Group, Inc. et al: Judgment by Confession

November 5, 2009
Judgment by Confession in Pandora Select Partners, LP, Whitebox Convertible Arbitrage Partners, LP, Whitebox Hedged High Yield Partners, LP, Aviator Master Fund, Ltd., Aviator Overseas Fund II, Ltd., JMG Triton Offshore Fund, Ltd., JMG Capital Partners, LP, Longview Equity Fund, LP and Longview International Equity Fund, LP v. Strategy International Insurance Group, Inc., Strategy Real Estate Investments Ltd., Strategy Holding Company Limited, and Strategy Insurance Limited at New York State Supreme Court.

SEC v. Irwin Boock et al: Complaint

September 29, 2009
Complaint in U. S. Securities and Exchange Commission v. Irwin Boock, Stanton B.J. DeFreitas, Nicolette D. Loisel, Roger L. Shoss, and Jason C. Wong at the U. S. District Court for the Southern District of New York.

USA v. Allen Stanford et al: Criminal Indictment

June 18, 2009
Indictment alleging securities fraud and money laundering in USA v. Robert Allen Stanford, Laura Pendergest-Holt, Gilbert Lopez, Mark Kuhrt, and Leroy King at the U. S. District Court for the Southern District of Texas.

Troy Hogg Litigation: 2008-2009

April 23, 2009
Court filings, including copies of complaints and judgments, in nine cases brought at the Ontario Superior Court of Justice, in Sarnia and London, Canada in 2008-2009 against Canadian Troy Hogg, who later went on to form cryptocurrency firm Arbitrade Ltd. in Bermuda.

Canada seeks evidence from five Michigan residents for fraud trial

April 7, 2009
Canada has requested evidence from five residents of Michigan for a fraud and theft trial in Ontario. Details are contained in an application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance

Canada: Robert Waxman(3)

March 16, 2009
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Canada into Robert Waxman for alleged theft and fraud.

Canadian defrauded two Bahamas brokers of $29 m, alleges indictment

March 11, 2009
Canadian national George Georgiou has been criminally indicted in the United States for allegedly defrauding two Bahamas based broker dealers of at least $29 million in a securities scam. Georgiou, 39, masterminded a scheme that caused losses of "approximately $25

Redcorp Ventures Ltd. et al: Chapter 15 Petition

March 5, 2009
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Peter Gibson, as the Foreign Representative of Redcorp Ventures Ltd. and Redfern Resources Ltd., at the U. S. Bankruptcy Court for the Western District of Washington.

Proteus Capital Corp.

February 18, 2009
Letter from the Cayman Islands Monetary Authority to Cory Gelmon and Michael Gelmon, of Banyan Corporation, in Canada regarding 'Decision Notice - Proteus Capital Corp.'

Canada: Arvind Ratilal Chhatbar

February 9, 2009
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Canada into Arvind Ratilal Chhatbar for alleged fraud and corruption.

Ontario Securities Commission v. Biovail Corporation et al: Request for Assistance

January 21, 2009
Request for Judicial Assistance from Ontario Superior Court for the issuance of subpoenas requiring Joseph Stanley Hull, Richard Dyer, and Jack Davis to give testimony and produce documents for an enforcement action by the Ontario Securities Commission against Biovail Corporation, Eugene N. Melnyk, Brian H. Crombie, John Miszuk, and Kenneth G. Howling.

Crila Investments Inc. et al: Chapter 15 Petition (Canada)

January 8, 2009
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Paul van Eyk, of Deloitte & Touche, as the Foreign Representative of Crila Investments Inc., CPI Plastics Group Ltd., Crila Plastics Industries Inc., CPI Plastics Group Inc., and CPI Plastics Group (Canada) Ltd., filed at the U.S. Bankruptcy Court for the Eastern District of Wisconsin.

Glitnir banki hf.: Chapter 15 Petition (Iceland)

November 26, 2008
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Iceland by Steinunn Guobjartsdottir, as the Foreign Representative of Glitnir banki hf., at the U. S. Bankruptcy Court for the Southern District of New York.

Michael Cannon v. Funds for Canada Foundation et al: Amended Complaint

September 18, 2008
Amended Complaint filed by Michael Cannon against Parklane Financial Group Limited, Trafalgar Associates Limited, Trafalgar Trading Limited, Appleby Services Bermuda Ltd. as trustee for the Bermuda Longtail Trust, Matt Gleeson and Sarah Stanbridge as Trustees for the Donations Canada Financial Trust, Funds for Canada Foundation, Gleeson Management Associates Inc., Matt Gleeson, Mary-Lou Gleeson, Martin P. Gleeson, Edwin C. Harris QC, Patterson Palmer, a.k.a. Patterson Palmer Law; Patterson Kitz, McInnes Cooper, Sam Albanese, Ken Ford, Riyad Mohammed, David Raby, Greg Wade, at Ontario Superior Court of Justice, Canada.

Insider Talking: September 8, 2008

September 8, 2008
Miami-based businessman Charles Intriago, who sold his anti-money laundering-focused company Alert Global Media, Inc. to New York-based supplier of AML technology Fortent in December, 2006 and continued to manage it before abruptly departing in late March, 2008, is preparing to launch a new business venture that will concentrate on asset forfeiture; Canadian national Wayne Wile, who has been accused of committing securities fraud along with the Cayman, Bahamas and Bermuda operations of investment group Lines Overseas Management, obtained a Cayman Islands Driver's License in a false name, according to the U. S. Securities and Exchange Commission; OffshoreAlert has obtained more information about companies and individuals involved with the Grand Island Commodity Trading Fund group of companies, which went into liquidation on June 17, 2008 - one month before its trading manager, R. Christopher Girvan, was arrested in Cayman on suspicion of theft, false accounting and fraud; Investment fraudster Keem Kalfon is at it again. His latest venture operates as 'The People's Money Center' from a web-site at www.peoplemc.com, which was established in June, 2007; and Despite all that has happened over the last 10 years in terms of legal gateways being implemented to allow foreign parties to obtain information about individuals and businesses operating in offshore financial centers, there is still a misconception among some residents of major countries that the secrecy and anonymity of their offshore transactions is enshrined in law.

SEC and LOM seek evidence from dozens of people in Bermuda, Canada and UK

September 8, 2008
Forty-seven individuals and companies in Bermuda, Canada, and the United Kingdom are being asked to provide evidence for a securities fraud civil action brought by the U. S. Securities and Exchange Commission against the Bermuda, Bahamas and Cayman operations of Lines Overseas Management, the group's President, Scott Lines, and its former President, Brian Lines.The witnesses include a stock analyst, newsletter writers, people who allegedly held shares in a nominee capacity for the Lines brothers, former employees of LOM, and officers and directors of two OTC BB-listed companies whose shares LOM allegedly manipulated, namely Sedona Software Solutions, Inc. and SHEP Technologies, Inc.

Republic Bank (Cayman) alleges fraud against client of e-gold

September 8, 2008
A Cayman Islands-licensed bank claims to have been defrauded of US$90,000 in a scam that was committed by unknown parties using a Nevis-domiciled, Florida-based Internet payment system known as e-gold.Details are contained in a civil complaint that was filed by Republic Bank (Cayman) Limited against John Does 1-5 and Account #5423633 at e-gold, Ltd. at the Circuit Court for the 11th Judicial Circuit, Miami-Dade County, Florida on August 4, 2008.

Dubious Barbados insurer sued twice in two days in US

August 4, 2008
A Barbados-licensed insurer whose dubious activities were exposed two years ago by OffshoreAlert was named as a defendant in two civil lawsuits filed over a two-day period at federal courts in the United States during July. Strategy Insurance Ltd. was sued at the U. S. District Court for the District of Utah on July 15, 2008 and at the U. S. District Court for the District of Nevada on July 16, 2008.

NuWave Ltd. et al v. Michael Farkas: Amended Complaint

July 31, 2008
Amended Complaint alleging fraud in NuWave Ltd., Castle Bridge Investors Ltd., Taiba Group Inc., Q Invest Inc., Therfield Holdings, and World Capita Communications Inc., formerly known as Skyway Communications Holding Corp. v. Michael D. Farkas, Atlas Capital Services LLC, Atlas Group of Companies LLC, The Farkas Family Foundation, Kenneth Bruce Baker, Red Sea Management Ltd., and Jonathan Curshen at the Circuit Court of the 11th Judicial District, in and for Miami-Dade County, Florida.

Europlan Financial Services, Ltd. et al v. Rene Hamouth et al: Complaint

July 9, 2008
Complaint in Europlan Financial Services, Ltd., as Trustee for Ormond Trust, and Deborah Richdale v. Rene Hamouth, True Product ID, Inc., Hamouth Family Trust, William R. Dunavant, Richard Specht, and Wilson W. Hendricks III at the U. S. District Court for the Eastern District of Pennsylvania.

Client’s $25 m trading loss caused collapse of financial group, says liquidator

July 2, 2008
A trading loss of $25 million by a Canadian client with a checkered past has emerged as the principal reason for the collapse of a Bahamas-based financial services group earlier this year.Caledonia Corporate Management Limited allowed 39-year-old Ontario resident George Georgiou to start trading without providing any cash or security of his own, instead lending him millions of dollars and pledging other clients' assets as collateral, which were subsequently sold to meet a margin call. As Caledonia's problems mounted, the firm's principals then siphoned off virtually all of its remaining assets for no consideration to new companies they created, managed and controlled, leaving behind a shell that had unaudited assets of US$269,113 and liabilities that management listed as US$57,391 but which, in reality, will include the full amount of Georgiou's trading losses.

France: Air Moorea

June 16, 2008
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in France into"involuntary homicide" regarding the crash on August 9, 2007 of a commercial aircraft registered to Air Moorea, a Tahitian airline, with the loss of all 19 passengers and the pilot.

Canada seeks evidence for investigation into investment promoter Laurie Parker

June 5, 2008
Article based on an application to collect evidence for a criminal investigation into alleged investment fraud - pursuant to a request for judicial assistance from Canada - that was filed at federal court in the USA on May 5, 2008. Individuals and businesses mentioned in the request for assistance include Laurie Parker, Global Online Direct, Inc., Michael Grassmueck, Grassmueck Group, Elizabeth Halle, Serge Halle, Johanne Gagne, Nada Skerl, Marta Skerl, Helen Skerl, Cathy Chong, Ritz Bartoli, and Geoffrey Winkler.

Insider Talking: May 7, 2008

May 7, 2008
Former Canada-based offshore services provider Peter Sabourin and related parties, including companies he controlled in the British Virgin Islands and the Bahamas, have been ordered to pay $1.77 million in compensatory and punitive damages, plus costs and fees, to the victim of an investment scam they perpetrated; Creditors of St. Vincent and the Grenadines-licensed Horizon Bank International Limited (in liquidation) took a massive hit at Bermuda Supreme Court on March 31, 2008 when Justice Ian Kawaley awarded damages of $20 million against the bank for conspiracy to defraud and breach of fiduciary duty in a civil complaint filed by Canadians Allen Walsh and Hans Taal; and Alleging fraud, segregation and false reporting violations involving $562 million in client funds, the U. S. Commodity Futures Trading Commission filed a complaint against Sentinel Management Group Inc. (in bankruptcy) and two of its former officers, Eric Bloom and Charles Mosley, at federal court in the USA on April 28, 2008.

Canada: Laurie Parker

May 5, 2008
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Canada into Laurie Parker for suspected fraud.

South Korea: Pak Ik-Jeong et al

April 19, 2008
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in South Korea into Pak Ik-Jeong, Choi Nak-Cheon, Pak Sun-Kyung and Jeon Cheong-Ja for allegedly operating a fake Korean branch of Cohen University and Theological Seminary in Seoul Korea.

Kent Carasquero et al v. Intrepid Global Imaging 3D, Inc. et al: Complaint

March 10, 2008
Complaint in Kent Carasquero, Leslie Lounsbury, Riverside Manitoba, Inc., and Tyee Capital Consultants, Inc. v. Intrepid Global Imaging 3D, Inc., Richard Specht, Rene Hamouth, Hamouth Family Trust, William R. Dunavant, and William R. Dunavant Family Holdings, Inc. at the U. S. District Court for the Middle District of Florida.

France: Robert Louis-Dreyfus

February 15, 2008
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in France into alleged forgery regarding an attempted acquisition by Jack Kachkar of the professional soccer club Olympique de Marseille from its owner, Robert Louis-Dreyfus.

Canada seeks extradition of imprisoned fraudster Anthony Bovio

January 4, 2008
A complaint has been filed to extradite a 59-year-old United States national to Canada to face charges that he defrauded and/or attempted to defraud 25 individual and corporate victims in British Columbia by selling them bogus interests in Krispy Kreme Donut franchises between January 1, 2001 and May 1, 2004. An extradition complaint was filed against Arthur Anthony Bovio, born on May 5, 1928, at federal court in the USA on December 11, 2007.

SEC v. Lines Overseas Management Ltd. et al: Complaint

December 19, 2007
Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Brian N. Lines, of Bermuda; Scott G. S. Lines, of Bermuda; LOM (Holdings) Ltd., of Bermuda; Lines Overseas Management Ltd., of Bermuda; LOM Capital Ltd., of Bermuda; LOM Securities (Bahamas) Ltd., of the Bahamas; LOM Securities (Bermuda) Ltd., of Bermuda; LOM Securities (Cayman) Ltd., of the Cayman Islands; Anthony W. Wile, a Canadian residing in Florida; Wayne E. Wile, a Canadian residing in the Cayman Islands; Robert J. Chapman, of Punta Gorda, Florida; William Todd Peever, of Vancouver, Canada; Phillip James Curtis, of Vancouver, Canada, and Ryan G. Leeds, of Boca Raton, Florida, at the U. S. District Court for the Southern District of New York.

David Rowe becomes latest ex-Grenada offshore banker to admit fraud

December 18, 2007
David Frank Rowe has become the latest in a long line of former principals of Grenada-licensed banks to admit his involvement in investment fraud in the United States. Rowe, 59, of Brandon, Mississippi, who was indicted as long ago as March 6, 2001, pleaded guilty to one count of wire fraud in a plea agreement at the U. S. District Court for the Northern District of California on December 11, 2007.

John Quinn: Chapter 15 Petition (Canada)

November 21, 2007
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Robert Hardie, as the Foreign Representative of John Francis Quinn, at the U. S. Bankruptcy Court for the Middle District of Florida.

United Kingdom: Michael Brown et al

November 14, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into an alleged investment fraud against former Manchester United Football Club chairman Martin Edwards.