Belgium: Paul Phserowsky
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Paul Phserowsky for allegedly laundering the proceeds of narcotics trafficking.
Belgium: Jean-Philippe Pecoraro et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Jean-Philippe Pecoraro, Jean-Noel Meinard, Guy De Backere, Albert De Bleecker, Carine Carpin and others for suspected involvement in narcotics trafficking and money laundering.
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.
France: Remains Discovered in Trigance
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in France into the alleged murder of Karl-Heinz Muche in Trigance, France, apparently by his daughter, Manuela Muche, with the help of her mother, Gertrud Muche.
Belgium: Sebastiano Di Luciano
Application for the appointment of a Commissioner to collect evidence for a criminal investigation by Belgium into Sebastiano Di Luciano, who was described as "an active member of an international criminal organization for money laundering".
Peru: Marco Antonio Ibarcena Dwozak et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Peru into Marco Antonio Ibarcena-Dwozak and Americo Antonio Ibarcena Amico for alleged corruption.
Peru: James Eliot Stone Cohen
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Peru into James Eliot Stone Cohen, Zwi Sudit Wasserman, Ilan Weil Levy and Rony Lerner for alleged corruption.
Another credit card processor subpoenaed by the IRS as part of investigation into offshore tax evasion
Total Systems Services Inc. has become the latest third party credit card processor to be ordered to turn over client records to the IRS as part of its offshore tax evasion investigation. An order allowing the IRS to serve a
IRS receives permission to serve subpoena on First Data Corp.
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.
Saddam’s Laundry: How western money managers ran the offshore network that bankrolled Iraq’s war machine
Switzerland, Liechtenstein, Panama and the Bahamas were key elements in the offshore shell company and money-laundering schemes that bankrolled Saddam Hussein for more than 20 years.And Saddam used the same offshore money launderers as Osama bin Laden. His offshore network hid the money skimmed from government oil sales and collected in kickbacks. It was used to pay for Saddam's secret agents and security forces, reward domestic and foreign friends, and buy arms during international embargos.
Lancer Receiver sues financial institutions for over $17 m
The Receiver of the Lancer Offshore group has filed a lawsuit against 26 financial institutions and other firms in an attempt to recover more than $17 million of allegedly fraudulent transfers.Defendants include companies from Bahrain, Bermuda, Canada, the Cayman Islands, Guernsey, the Isle of Man, Luxembourg, Monaco, Switzerland, the United Kingdom, and the United States.
Indosuez Eastern Europe Fixed Income Fund Ltd.: Section 304 Petition
Section 304 Petition for Assistance in Insolvency Proceedings in the British Virgin Islands by Stephen Akers and Terry Carson, as the Foreign Representatives of Indosuez Eastern Europe Fixed Income Fund Ltd., Clariden Eastern Europe Debt Fund, Ltd., and Safra Eastern Europe Fixed Income Fund, Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.
Parmalat SpA: Section 304 Petition
Section 304 Petition for Assistance in Insolvency Proceedings in Italy by Enrico Bondi, as the Foreign Representative of Parmalat SpA, Parmalat Finanziaria SpA, Parmalat Netherlands BV, Parmalat Finance Corp. BV, Parmalat Capital Netherlands BV, Dairies Holding International BV, Parma Food Corp. BV, Parmalat Soparfi SA, Olex SA, Parmengineering Srl, Panna Elena Srl, Centro Latte Centallo Srl, Eliair Srl, Newco Srl, Geslat Srl, Contal Srl, Nuova Holding SpA, Hit SpA, Hit International SpA, Parmatour SpA, Coloniale SpA, Lactis SpA, and Eurolat SpA, at the U. S. Bankruptcy Court for the Southern District of New York.
Belgium: Didier Meimoun
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Didier Meimoun for alleged fraud.
Investors sue Lancer Group service providers for $570 m
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
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.
Mikhail Khodorkovsky: ‘The richest crook in Russia’
A business group headed by Russia's richest man, Mikhail Khodorkovsky, who was arrested in October for allegedly defrauding the state of $1 billion, stashed money in offshore centers, including Switzerland, Luxembourg, the British Virgin Islands, the Seychelles, Panama and the Bahamas, according to Yelena Collongues-Popova, who worked for one of Khodorkovsky's associates. Lucy Komisar, a New York investigative reporter who is writing a book about the offshore banking and corporate secrecy system, interviewed Collongues-Popova. This is her story.
Switzerland seeks evidence in Washington for investigation into advance-fee fraud
Article based on an application to collect evidence for a criminal investigation into alleged fraud - pursuant to a request for assistance from Switzerland - that was filed at federal court in the USA on December 19, 2002. Individuals and businesses mentioned in the request for assistance include Lothar Helmar Wilfried Trinks, Christina Kaiser, Detlef Spiess, a.k.a. Detlef Brettschneider; Rudolf Steiger, Menno Fischell, a.k.a. Wolfgang Fluck, Wolfgang Schlesinger, Wolfgang Burg, Wolfgang Fischell, Hans-Jurgen Nero, Wolfgang Zuburg, Rudi Dillmann, Sabine Doerre, Peter Bucher, Raoul Rossbach, a.k.a. Mike Foster, Louis Mayer, Dr. E. Mankwald, Philippe Le Boustier, Marco Barbieri, Iva Kampke, Jan Zwarts, Rudolf Steiger, Enrico Raimundi, Marina Zivkovic, a.k.a. "Maja"; Thierry Hurthin, Renate Josephs, Nezir Lekaj, a.k.a. Alberto; Jesenko Kresic, Joseph Reis, Corner Bank, Western Sierra National Bank, ABN AMRO, LZB Munchen, Liechtensteinische Landesbank, Migros Bank, US Overseas Bank & Trust Alliance Inc., US Overseas Private Investment Corporation, Bank of America, Banque IPPA & Associates, Hanover Investment and Management Corporation, Hanover Trust International Inc., Hanover Manufactures, Vermogensverwaltung Lothar Trinks, New York Investment Banking Corp., Hamilton International Capital Management Inc., MAAF Assurances France SA, AXA Assurances Luxembourg, MAAF Assurances France SA, and Internet Conten Service AG.
Investors in failed Cayman fund file fraud lawsuit
A lawsuit alleging fraud has been filed by multiple plaintiffs who say they invested approximately $79 million in three failed hedge funds, including Cayman Islands-domiliced Bristol Fund.
UK attorney awaits sentencing for offshore tax fraud scheme
A former attorney with UK solicitors Radcliffes Le Brasseur is still awaiting sentencing in the United States six months after admitting his part in a scheme to defraud the IRS using offshore structures.
Jeremy A. Franks pleaded guilty to one count of conspiracy to commit fraud at the U. S. District Court for the Southern District of Ohio on September 27, 2002 and was released on bail of $100,000.
Belgium: Global Security Management Association Inc.
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Belgium into Global Security Management Association Inc. for alleged fraud.
Luxembourg: Koenraad Spitaels
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Luxembourg into Koenraad Spitaels, Cesare Baudouin Bruzzese and others regarding armed robbery and theft.
Brazil: Improver International Fund Ltd.
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Brazil into British Virgin Islands-domiciled Improver International Fund Ltd. for suspected involvement in corruption, securities fraud, tax evasion and money laundering.
US court approves application to serve summonses on VISA International for tax evasion investigation
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.
Regulatory Warnings: March 31, 2002
Recently-filed warnings from securities regulators around the world.
Regulatory Warnings: December 31, 2001
Recently-filed warnings from securities regulators around the world.
Canada: Annick Bertrand
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Canada into alleged money laundering by Theodore Savoie and Louise Savoie.
Insider Talking: April 30, 2001
Attorney David Hampton Tedder, 54, who has spent much of his career involved in offshore finance, including several dubious ventures, is no longer licensed to practice law in the United States. Records kept by the State Bar of California, where
Luxembourg: Ulrich Kelnhofer et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Luxembourg into Ulrich Kelnhofer, Jean-Marie Georgenthum, Renzo Vittorio Zaccuti, Vuceta Radovic, Peter Weber, Franz August Mader, Herta-Eva Gentzel and Jacques Lamit for alleged fraud.
South Africa: Dr. Wouter Basson
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".
Austria: Gerald Walter Reisinger
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Austria into alleged fraud by Gerald Walter Reisinge.
Poland: Krzysztof Iwanczuk
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Poland into Krzysztof Iwanczuk for alleged misappropriation to the detriment of Rolnicza Spoldzielnia Produkcyjna.
Netherlands: Herman Lodewijk Gazan
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into Herman Lodewijk Gazan, a textile merchant, for alleged fraud, receiving stolen goods and tax evasion.
Aristocrat Endeavor Fund Ltd.: Information Memorandum, 1996
Information Memorandum for Aristocrat Endeavor Fund Ltd.
Graham Ferguson-Lacey relaxes ties with Bermuda
Controversial businessman Graham Ferguson Lacey, whose failed ventures are reported to have cost investors more than $400 million, is relaxing his business ties with Bermuda.An application has been made to move the domicile of the publicly-quoted Van Diemen's Company Ltd. from Bermuda to Luxembourg.
