The Marvin M. Schwan Charitable Foundation: 2005 Tax Return
The Marvin M. Schwan Charitable Foundation - 2005 Tax Return
UK gaming firm pleads guilty to racketeering in US
British gaming firm BETonSPORTS Plc has pleaded guilty to a federal racketeering charge in the United States, prosecutors announced yesterday.Under a plea agreement, BETonSPORTS will receive leniency in return for helping with the criminal prosecution of 14 co defendants, who
SEC v. Jonathan Curshen et al: SEC’s Closing Argument at Trial
SEC's Closing Argument at Trial of Jonathan Curshen in SEC v. Jonathan Curshen, C. Jones & Company, Carter Allen Jones, Timothy Miles, and Gaylen Johnson at the U. S. District Court for the District of Colorado.
SEC v. Jonathan Curshen: SEC’s Closing Argument
SEC's Closing Argument in a securities fraud complaint filed by the U. S. Securities and Exchange Commission against Jonathan Curshen at the U. S. District Court for the District of Colorado.
Costa Rica: Maria del Carmen Cruz Lizano(2)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Maria del Carmen Cruz Lizano for suspected fraud.
SEC v. Jonathan Curshen: SEC’s Proposed Findings of Fact
SEC's Proposed Findings of Fact & Conclusions of Law in the trial of Jonathan Curshen at the U. S. District Court for the District of Colorado.
Costa Rica seeks Miami bank records for tax evasion investigation into La Nacion
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax evasion - pursuant to a request for judicial assistance from Costa Rica - that was filed at federal court in the USA on January 30, 2007. Individuals and businesses mentioned in the request for assistance include La Nacion SA, Manuel Francisco Jimenez Echeverria, Javier Leon Longhi, Luis Javier Uribe Chaverri, Carlos Alberto Gonzalez Jimenez, Fernando Vargas Espinoza, all of Costa Rica, Capital Leasing Corporation Inc., a.k.a. Leasing Corporation; Cuscatlan International Bank & Trust Ltd., National Bank of Miami NA, Desarrollos Los Olivos SA, and Corporacion de Noticias de Guatemala.
Costa Rica requests Miami bank records for fraud inquiry
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance from Costa Rica - that was filed at federal court in the USA on January 4, 2007. Individuals and businesses mentioned in the request for assistance include Maria del Carmen Cruz Lizano, Intrade ABC SA, and Casino Central.
Costa Rica: La Nacion
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into La Nacion SA, Manuel Francisco Jimenez Echeverria,
Javier Leon Longhi, Luis Javier Uribe, Carlos Alberto Gonzalez, Fernando
Vargas Espinoza and Capital Leasing Corporation for suspected tax evasion.
Insider Talking: January 7, 2007
A Bahamas-based business operated by Mohamad Harajchi and his son, Michel Harajchi, that was exposed in the October 31, 2006 edition of OffshoreAlert has stopped accepting new business; Andreas Ihrke has agreed to be extradited from the United States to Germany, where he has been charged with fraud and falsification of documents; British newspaper The Daily Telegraph reported on December 23 that the U. K. Government “is set to announce within weeks an amnesty scheme for tax evaders who have stashed money in offshore bank accounts"; OffshoreAlert has uncovered a securities fraud complaint that was filed - and later dismissed - at the U. S. District Court for the District of Nevada in 2003 against a company that has featured prominently in the newsletter in recent months, Bermuda-based River Capital Limited; A Costa Rica-based brokerage firm has reached a settlement with the British Columbia Securities Commission after admitting to unregistered trading to B. C. residents; and Bancafe International Bank Ltd., which is the fifth largest unsecured creditors of bankrupt commodities broker Refco, with a claim for $204 million, had its operations closed by the Central Bank of Barbados, effective October 23, 2006.
Costa Rica: Maria del Carmen Cruz Lizano
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Maria del Carmen Cruz Lizano for alleged fraud while working for Intrade ABC SA. The application for the appointment of a Commissioner was denied by the U. S. Court because the attached request for assistance from Costa Rica contained no mention of Maria del Carmen Cruz Lizano and appears to be for an unrelated investigation, specifically a tax evasion investigation into La Nacion SA, Manuel Francisco Jimenez Echeverria, Javier Leon Longhi, Luis Javier Uribe, Carlos Alberto Gonzalez, Fernando Vargas Espinoza and Capital Leasing Corporation.
The Marvin M. Schwan Charitable Foundation: 2004 Tax Return
The Marvin M. Schwan Charitable Foundation - 2004 Tax Return
Community Bank of Florida records sought by Costa Rica criminal investigators
The authorities in Costa Rica are seeking records from the Community Bank of Florida, in Miami, for a criminal investigation into alleged embezzlement, aggravated corruption, and illegal enrichment. Details are contained in an application to collect evidence - pursuant to
Eight arrested as U. S. targets Costa Rica gaming operation
Eight people have been arrested as the United States continues its onslaught against offshore Internet gaming operators that target U. S. residents. The arrests were made in California and Costa Rica on July 26, 2006 following the unsealing of a criminal complaint at the U. S. District Court for the Northern District of California in which the defendants were charged with conducting an illegal gambling business, money laundering conspiracy, and conspiracy to conduct an illegal gambling business.
Offshore gaming firm hoists white-flag after legal action by US Gov’t
A British Internet and telephone gaming firm has decided to effectively put itself out of business in order to comply with a restraining order issued by a federal court in the United States, even though it has no physical presence there.BETonSPORTS Plc has dismantled its numerous web-sites and, on August 11, 2006, announced that it was closing down its “US facing” operations, comprising offices in Antigua and Costa Rica, “as soon as practicable” because they were no longer “viable”, with the loss of approximately 800 jobs. “The Directors are taking steps to ensure that the Company will not knowingly accept any wagering transactions from US based customers,” stated the firm, virtually all of whose revenue and profit came from U. S.-based clients.
Manufacturera Calo investigated by Costa Rica authorities
Article based on an application to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance from Costa Rica - that was filed at federal court in the USA on July 27, 2006. Businesses mentioned in the request for assistance include Manufacturera Calo SA, Firmerich, SA, and BSJ International Bank & Trust Company Limited, d.b.a. BAC of Florida Bank.
Costa Rica investigates Banco Solidario directors for alleged bankruptcy fraud
Article based on an application to collect evidence for a criminal investigation into alleged bankruptcy fraud - pursuant to a request for judicial assistance from Costa Rica - that was filed at the U. S. District Court for the Southern District of Florida on July 25, 2006. Individuals and businesses mentioned in the request for assistance include Banco Solidario de Costa Rica SA, Jose Alberto Schroeder Leiva, Greene Orville Gordon, William Rojas Quesada, Ivan Francisco Duarte Blanco, and Pacific National Bank.
Costa Rica: Carlos Eduardo Monge Herrera
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Rafael Ernesto Roberto Lara, Carlos Eduardo Monge Herrera, Olger Chavez Miranda, Edgar Enrique Chacon Vega, Guillermo Francisco Vargas Salazar, Jorge Arturo Alvarado Cerdas and Ana Isabel Fuentes Ramirez for suspected embezzlement, bribery and illicit enrichment.
Costa Rica: Manufacturera Calo SA
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Manufacturera Calo SA for suspected fraud.
Costa Rica: Banco Solidario de Costa Rica SA
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Banco Solidario de Costa Rica SA, Jose Alberto Schroeder Leiva, William Rojas Quesada for suspected fraud to the detriment of Orville Gordon Greene.
US indicts offshore gaming operators
The United States Government has continued its onslaught against the offshore gaming industry by indicting a British firm and several of its alleged employees and agents.The indictment against BETonSPORTS Plc and related parties was brought at the U. S. District Court for the Eastern District of Missouri on June 1, 2006 and sealed until July 17 so arrests could be made.
Ex-Grenada banker Richard Hinkle admits fraud, faces up to 5 years in prison
The operator of a now defunct offshore bank faces up to five years in prison in the United States and a $250,000 fine after he admitted defrauding investors of up to $7 million in a high yield investment scam.Richard Henry
Newt Utopia: St. Kitts & Drug Trafficking
St. Kitts: Noel Heath and Glenroy Matthew finally extradited to USA; Costa Rica: New tax bill on its way to becoming law; Anguilla: New laws passed dealing with insurance, protected cell companies and mutual funds; Dubai: Dubai International Financial Centre issues first hedge fund license.
USA v. Michael Enrest Zapetis, Sr. et al: Criminal Indictment
Indictment in USA v. Michael Enrest Zapetis, Sr., Karen Carazo Zapetis, Richard Joseph Solomon, William Allen Broughton, Clifton Fred Lees, William L. Clancy, John E. S. Kramar, Peter Ivan Greengrass, Richard William Peterson, and Anthony John Hicks at the U. S. District Court for the Middle District of Florida.
British accountants charged with offshore scam
Two British nationals have been charged with defrauding clients of companies in the Bahamas and England in a high yield investment scam.Shinder Gangar, 44, and Alan White, 47, were each charged with two counts of conspiracy to defraud at Leicester
PayPal records targeted by IRS in offshore tax evasion investigation
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.
The Marvin M. Schwan Charitable Foundation: 2003 Tax Return
The Marvin M. Schwan Charitable Foundation - 2003 Tax Return
Newt Utopia: Fiber optic offers the Bahamas a bright future
The BahamasYes, it still considers itself an offshore financial center. The Bahamas offers a number of attractive features if 1) You don't live in the US, 2) You don't live in the EU, 3) You don't mind spending twice the
Insider Talking: September 4, 2005
For several weeks now, Cayman's two main newspapers, the Caymanian Compass and Cayman Net News, have been attacking each other in news articles and editorials. The animosity between the rivals has now spilled out into the legal system. At the
Costa Rica seeks records from BSJ International Bank in Miami
Article based on an application for the appointment of a
Commissioner to collect evidence for a criminal investigation into alleged check fraud - pursuant to a request for judicial
assistance from Costa Rica - that was filed at federal court in the USA on August 18, 2005. Individuals and businesses mentioned in the request for assistance include Rafael Angel Montero Montero, Importadora Ram SA, and BSJ International Bank & Trust Company Limited.
Costa Rica seeks evidence from BSJ Int’l Bank in Miami for fraud inquiry
Article based on an application for the appointment of a
Commissioner to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial
assistance from Costa Rica - that was filed at federal court in the USA on August 18, 2005. Individuals and businesses mentioned in the request for assistance include Vladimir Gonzalez Quiros, Equipos de Hotel Equihotel S.A., Tienda International de Productos Sensacionales, SA, BSJ International Bank & Trust Company Limited, and BAC Florida Bank.
Investment fraudster receives 37-month prison term
One of the key figures in an offshore investment fraud has been sentenced to 37 months in prison and ordered to pay restitution of $124 million.Robert W. Boyd was sentenced at the U. S. District Court for the Middle District of Florida on August 22, 2005 for his role in the operation of Evergreen Security Ltd., an unlicensed investment fund that was incorporated in the British Virgin Islands but largely operated from the United States and the Bahamas.
Costa Rica: Vladimir Gonzalez Quiros
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Vladimir Gonzalez Quiros for suspected fraud.
Costa Rica: Rafael Angel Montero Montero
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Rafael Angel Montero Montero for suspected fraud.
Costa Rica probesalleged inheritance fraud
Article based on an application to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for judicial assistance from Costa Rica - that was filed at federal court in the USA on July 19, 2005. Individuals mentioned in the request for assistance include Marco Jimenez Carmiol, Maria Hernandez Quesada, Zuria Maria Vargas Alfaro and Ingrid Vargas Bolanos.
Suspected fraudster arrested in Florida, faces extradition to Costa Rica
The authorities in Costa Rica have filed an extradition complaint against a 36-year-old United States resident who is being investigated for perpetrating an alleged advance fee fraud.Details are contained in filings at the U. S. District Court for the Southern District of Florida, where an extradition complaint against Kenneth Alexander Maduro Herrera was filed on July 13, 2005.
Costa Rica: Marco Jimenez Carmiol
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Marco Jimenez Carmiol, Maria Hernandez Quesada, Zuria Marra VargasAlfaro and Ingrid Vargas Bolanos for alleged fraud related to the forging of a signature on a will and last testament of Rene Gomez Alfaro, thereby depriving Viviana Nissen Barrientos of her inheritance.
Offshore firms sued by Canadian receiver
Offshore companies in Belize and Panama were used by a group of fraudsters as part of a Canada-based scheme to commit fraud and money laundering, it has been alleged.Details are contained in a civil complaint filed on April 15, 2005 - and amended on June 7, 2005 - at the U. S. District Court for the Central District of California by A. Farber & Partners Inc., of Ontario, Canada, in its capacity as Canadian court-appointed Interim Receiver over the assets of Salim Damji, Strategic Trading Systems Instant White, a.k.a. STS Instant White, a.k.a. Strategic Trade Systems, a.k.a. STS Inc., JEM Holdings, a division of 1289629 Ontario Inc., Izmo Investments Inc., Shaffin Damji and Hanif Damji.
Insider Talking: June 5, 2005
Offshore investment firm Lines Overseas Management, which is headquartered in Bermuda and has offices in Cayman, the Bahamas and England, claims to have spent US$2.75 million over the last two years on legal fees concerning two securities fraud investigations into its activities by the Securities and Exchange Commission; The International Financial Services Authority in St. Vincent & the Grenadines has revoked these Class I banking licenses: Horizon International Bank Limited, on April 4, 2005; Transglobal Bank Limited, on April 13, 2005; and Triton Capital Bank Limited, on April 13, 2005; How times have changed. On May 26, 2005, something happened that would have been unthinkable when OffshoreAlert was launched in 1997: the Cayman Islands Government issued a press release lauding its co-operation with U. S. authorities in clamping down on financial crime and disclosing that Cayman Islands Chief Justice Anthony Smellie; and OffshoreAlert has unearthed yet another red-flag concerning GISBeX, a Costa Rica-based stock exchange that purports to specialize in securities offered under Regulation S of the Securities Exchange Act in the United States and operates from a web-site at www.gisbex.com.
Genesis Fund investigation leads to eight arrests
Five people in California and three others in Costa Rica were arrested in May for allegedly swindling hundreds of investors out of tens of millions of dollars from 1994 to 2002 in an offshore investment scam.The arrests followed an 83-count indictment - unsealed on May 13, 2005 - at the U. S. District Court for the Central District of California concerning an unlicensed investment fund known as the Genesis Fund.
Latin America Round-Up: April 30, 2005
CHILE: Money Laundering in Post-Pinochet Times; COLOMBIA: Uribe On the Spot; COSTA RICA: Lucky Calderón Under House Arrest; MEXICO: New Developments in Casablanca Operation; URUGUAY: No Sentence For the Peirano Brothers, Yet; VENEZUELA: Phony Numbers At the Forex Counter.
Insider Talking: March 31, 2005
Three former senior officers of The Harris Organization, which defrauded clients out of tens of millions of dollars before collapsing in 2002, are back in business in Panama. Lawrence George Gandolfi, 65, a.k.a. Larry Gandolfi Christopher Glover Davy, 60, and
Jailed penny stock fraudster secretly behind Costa Rica-based Reg-S exchange
A notorious penny stock swindler currently in prison for fraud is secretly behind a Costa Rica-based Internet 'stock exchange', OffshoreAlert can disclose.
Harold Bailey Gallison Jr., a 47-year-old U. S. national, controls the Global Internet Stock Brokerage Exchange, trading as GISBeX, through nominees, including his 74-year-old mother.
GISBeX: Listed Issuers
GISBeX: Listed Issuers, their management and service providers (past and present) - February 28, 2005
Latin America Round-Up: November 30, 2004
ARGENTINAIs he coming back? There is a lot of talk in Argentina about whether former president Carlos Menem is about to return from Chile or not. Former Senator Héctor María Maya, now one of his lawyers, announced recently that he
Canadian regulator acts against purported Costa Rican insurer Centennial Insurance
A dubious insurer that is purportedly based in Costa Rica and headed by a British national has been ordered to stop doing business in British Columbia, Canada.Centennial Insurance Company A.V.V. S.A., d.b.a. CIC Insurance Company, had a cease and desist
Utah church-goers claim scam after being offered returns of 100% per month
Church-goers in Utah are among investors who claim they were defrauded out of $2.5 million after being promised "guaranteed minimum" returns of 100 per cent per month.The "promised" returns should have come to more than $300 million in a 12-month period, according to a civil lawsuit that was filed at the U. S. District Court for the District of Utah on November 15, 2004.
USA v. Thomas E. McMurrain: Extradition Affidavit
Affidavit in support of request for extradition from Panama in USA v. Thomas E. McMurrain at the U. S. District Court for the Northern District of Georgia.
United Kingdom: Shinder Gangar et al (Texas)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Shinder Gangar and others for alleged investment fraud.
Latin America Round-Up: October 31, 2004
COSTA RICADisgraceThe head of the Organization of American States, Miguel Ángel Rodríguez, was detained and put under house arrest following his resignation just two weeks after starting the job on October 15th. He has been accused of taking a bribe
