Mexico

Newt Utopia on Cuban offshore structures, flight of physical assets from distressed regions and more

November 30, 2000

Make it a two way street please ... MLATs, Treaties, Memorandums of Understanding, Conventions Against Illicit Traffic, EU Council Directives, Basle Core Principles for Effective Banking Supervision... One way streets the lot of them, nothing more than wide boulevards leading

Spain: Raul Elizondo Chapas

November 17, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Raul Elizondo Chapas for alleged narcotics trafficking.

Omega Trust and Trading investment farce ends after six-year run

August 31, 2000

One of the longest-running investment farces ever ended this month when 19 people were criminally indicted in relation to a so-called 'offshore trading program' known as Omega Trust and Trading Ltd. The scheme has been going on since at least January, 1994 and has raised at least $12.5 million, according to an indictment filed at the US District Court for the Central District of Illinois on August 18.

Mexico: Jaime Berrones

July 18, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into Jaime Berrones for suspected involvement narcotics trafficking.

Mexico: Lynn R. Hawkins

July 6, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into narcotics trafficking that may involve Vera Vines and Lynn Hawkins.

A look at the dubious GTrade ‘stock exchange’ and its principal, Andy Mann

May 31, 2000

Nevis-based Hanver Trust Company boss Robin Cotterell, who was arrested on May 23 for allegedly laundering the proceeds of securities fraud, is also the chairman of a dubious Internet stock exchange, Offshore Alert can reveal. Cotterell has set up several companies and provided a number of services to the 'exchange', which is known as GTrade, and his firm may have even partially operated it in Nevis without a licence.

Mexico: American Airlines

April 26, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into alleged narcotics trafficking involving an American Airlines aircraft with the registration number of N-64AA.

Mexico: Mario Villanueva Madrid

March 8, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into Mario Villanueva Madrid, former Governor of the State of Quintana Roo, Mexico, for allegedly laundering the proceeds of narcotics trafficking by a cartel headed by Amado Carillo Fuentes, a.k.a. "El Senor de los Cielos".

Conferences cater to the shadier side of the offshore world

December 31, 1998

Mexico played host this month to two seminars organized by individuals and groups operating on the murkier side of the offshore world. Cancun was the venue over December 9-11 for the 'Offshore Wealth Summit', which was put on by Jerome Schneider, who is one of the most reviled figures in the offshore world.

Insider Talking: January 30, 1998

January 30, 1998

OffshoreAlert's unblemished track record when it comes to publishing exposes, despite letters threatening litigation; human cloning group touts Cayman and Bahamas as potential domiciles, who is disgrunted ex-Bank of Butterfield employee who criticized recently-retired chairman Sir David Gibbons?, Richard Black and Mike Cascio look to form new Bermuda insurance facility, possible bribery in the Turks and Caicos Islands, Cayman Islands Monetary Authority MD Neville Grant accepts no responsibility for collapse of First Cayman Bank, Global Private Banking magazine causes mirth by describing closure of FCB as an example of regulators "acting tough on miscreants", Cayman-based Oxford Advisors opens up office in Bermuda, 18 luxury homes in Bermuda sold for a total of $72 m in 1997, and what effect, if any, will the death of Charles Collis have on Bermuda Fire and Marine Insurance litigation? 

Cayman trust company caught up in money laundering case

June 26, 1997

AMEX International Trust (Cayman) Limited and Cayman International Trust Company Limited were innocently used to launder the proceeds of cocaine trafficking from Mexico to the US in the early 1990s, it has been alleged in a Texas court case. Jose Jesus Echegollen and Guillermina Chavez are accused of using a string of Cayman companies to help launder $30 million in cocaine proceeds which were transferred to Cayman from banks in the US and Mexico.

Mexico acts to curb offshore money transfers

March 24, 1997

The Mexican government has amended the country's tax laws to try to curb the massive outflow of capital being lost to the world's tax havens.

Mexico: Gabriel Azcarraga Garcia et al

March 15, 1996

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Mexico into Babriel Azcarraga Garcia, Guillermo Azcarraga Garcia, Maria Elena Azcarraga Garcia and Martha Azcarraga Garcia for allegedly defrauding their brother, Jorge Azcarraga Garcia.