Russia: Russian Public Health Foundation(2)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into the alleged theft of medical equipment from the Russian Public Health Foundation.
United Kingdom: Roddam Quintin Twiss
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into an alleged 'prime bank' fraud and theft by Roddam Quintin Twiss.
Spain seeks evidence in USA for fraud investigation into CAFI Company and Port Kenny Holdings
Article based on an application to collect evidence for a criminal investigation into alleged securities fraud - pursuant to a request for judicial assistance by Spain - that was filed at federal court in the USA on February 3, 2004. Individuals and businesses mentioned in the request for assistance include CAFI Company, Port Kenny Holdings SL, IFX Ltd., Harris Trust and Savings Bank, Consultoria y Asesoria Financiera International SL, Credit Lyonnais SA, Wilfred Morgan, Sergio Ariel Lopez Crivogusov, Europa Marketing Advisory SL, Global Analysis, Alberto Ortega Diaz, Fernando Heras Castan, Pedro Llorente Malo, International On Line, Francisco Javier Munoz Ponce, David Santiago Suarez, Manuel Diez Fernandez, Ignacio Jose Correa Sureda, and Santiago Maroto Illera.
Spain: Enrique Emanuel Vecino Acosta
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Enrique Manuel Vecino Acosta, Ivan Recio Perez and Maximiliano Vecino Adami for alleged fraud.
Switzerland: Patrice Bondaz et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Patrice Bondaz, Eric Babecoff, Samuel Babecoff, Frobevia SA, Bhaqubhai Patel, Madhav Patel, Progico SA, Bernd Schmidt, and Soficogest SA for alleged fraud.
Bermuda Gov’t suspected of whitewashing alleged $1 b money laundering scheme
A James Bond-like tale involving allegations of corporate espionage, bribery, corruption, and a Bermuda Government whitewash of a suspected $1 billion money laundering scheme is unfolding in a U. S. court.
Among the cast of characters are Russia's Telecommunications Minister, Leonid Reiman; a Bermuda-based, so-called mutual fund in which Reiman appears to be the only investor and which he may have used to launder the proceeds of corruption, IPOC International Growth Fund Ltd.; IPOC's banker, fund administrator, custodian, and accountant, Bermuda Commercial Bank; IPOC's Bermuda representative and provider of various services, including directors and officers, Wakefield Quin; the firm appointed by Bermuda's Minister of Finance to investigate IPOC, KPMG Financial Advisory Services Ltd.; and Diligence LLC, a Washington, D.C.-based intelligence-gathering firm that is headed by a former officer of the U.K. Security Service known as MI5 and whose advisors include a former Director of the CIA and the FBI.
Spain: CAFI SA et al
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.
Legal battle for Terry Neal group’s gold and silver
A legal battle is taking place in Oregon for possession of gold and silver bars and coins that were seized during a raid on the offices of companies associated with offshore provider Terry Neal.
The United States Government is seeking to take permanent possession of the property, worth approximately $225,000 at current prices.
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.
Legal problems for Alexei Golubovich in Switzerland
Alexei Golubovich, longtime partner of Mikhail Khodorkovsky, is the target of legal action in Switzerland by his former associate Yelena Collongues-Popova and is being investigated by a Geneva judge on a charge of forgery.
Golubovich has not been indicted by Russian prosecutors, though they are interested in talking to the former Yukos finance director who has reportedly fled to London. However, he could be indicted by the Swiss.
Belgium: Antoine Mekri et al
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.
IRS co-operation led to $22 m loss for Swiss bank client, alleges lawsuit
A United States resident claims he lost $22 million as a result of the mis handled restructuring of his offshore account made necessary by Swiss banks agreeing to co operate with the IRS.At the center of the allegations are Bank
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.
Swiss financial consultant allegedly embezzled US$4.4 m
A financial consultant operating in Switzerland embezzled approximately US$4.4 million from his clients, it has been alleged.Marek Andrzei Hrycak, a 48-year-old Polish national, is currently in prison in Bern while a criminal investigation is carried out into his activities.
Switzerland: Ulrich Wymann et al
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.
Switzerland: Marek Andrzei Hrycak (‘Investment Fraud’)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Marek Andrzei Hrycak for alleged investment fraud.
Andersen chaos causes delay in $10 million payments
The Arthur Andersen group is in such structural chaos that a Bermuda-based mutual insurer for accounting firms has more than $10 million to pay out but does not know where to send it.Professional Asset Indemnity Ltd., of Bermuda, and its wholly-owned subsidiary, PAIL Vermont Insurance Company, of Vermont, is so confused that it has taken the matter to court.
Anthony Defries v. Swiss Partners Investment Network et al: Complaint
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.
USA v. Hellivesa Foundation: Forfeiture Complaint
Forfeiture complaint in USA v. Accounts at LGT Bank in name of 'Hellivesa Foundation' at the U. S. District Court for the District of Idaho.
USA v. Gilbert A. Ziegler et al: Second Superseding Indictment
Second Superseding Indictment in USA vs. Gilbert Allen Ziegler, a.k.a. Van Arthur Brink; Rita Regale, a.k.a. Rita Brunges; Douglas Ferguson, Robert Skirving and Laurent Barnabe, a.k.a. Larry Barnabe, at the U. S. District Court for the District of Oregon.
Germany: Hans-Ulrich Schafer et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Germany into Hans-Ulrich Schafer, Christian Zogg, Marianna Martin and Alfred Sturwold for alleged fraud.
Switzerland seeks evidence in Florida for investigation into derivatives scam
Article based on an application to collect evidence for a criminal investigation into alleged investment fraud - pursuant to a request for judicial assistance from Switzerland - that was filed at federal court in the USA on September 10, 2003. Individuals and businesses mentioned in the request for assistance include Northern Trust Bank of Florida, Markus Erich Haueter, Ulrich Habedank, Eyk Himmel, Stefan Jutz, Rocko Holdings Corp., Dinamica Directiva, Futop GmbH, and Dr. Sporri.
Swiss bank sues Florida receivables factoring firm
A Florida receivables factoring group which is being sued for $170 million by a Cayman Islands bank is a defendant in a new action brought by a bank in Switzerland. In a lawsuit filed on August 27, 2003, EFG Private
Switzerland: Markus Erich Haueter et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Markus Erich Haueter, Ulrich Habedank, Eyk Himmel and Stefan Jutz for alleged commercial fraud.
Australia: Roger Gregory Matson
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Australia into Roger Gregory Matson, his wife, Janette Matson; and their two children, Baron Matson and Matilda Matson for alleged fraud and money laundering.
Insider Talking: August 31, 2003
Fund manager Brian Paul Kuhn pleads guilty at the Grand Court of the Cayman Islands to several counts of theft of client funds; Switzerland investigates theft of financial data by computer hackers; HedgeWorld Limited closes Bermuda office and relocates its staff to New York; "Marc Harris stole your funds", investment fraudster tells clients; Bermuda-based Bank of Butterfield and Bank of Bermuda expand overseas; and career conman David Tedder is sentenced to five years in prison, fined $1.06 million and ordered to forfeit $2.7 million at federal court in the USA.
Insider Talking: 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.
US Gov’t obtains order to freeze assets of couple suspected of bankruptcy fraud
A United States court has issued an order allowing the U. S. government to seize $660,000 held in an account at Credit Suisse First Boston in Switzerland.In an order dated May 12, 2003, the U. S. District Court for the Eastern District of Washington ruled that the funds came from bankruptcy fraud by Robert Wayne Kersey and Vickie A. Kersey.
Lawsuit filed against Bank Leumi and former officers
The Swiss operation of Bank Leumi le-Israel and two of its former senior officers are being sued in the United States by a client who claims to have been defrauded of her life savings.New York resident Elizabeth Varabiev is seeking $1 million in actual damages and $3 million in punitive damages, plus legal fees. Defendants are Bank Leumi (Switzerland), its former CEO, Meir Gross; and its ex-head of private client banking, Ernst Imfeld, the latter of whom was fired in 2001 for alleged embezzlement.
Switzerland requests information about accounts at US banks for fraud investigation
Article based on an application to collect evidence for a criminal investigation into alleged fraud and money laundering - pursuant to a request for judicial assistance from Switzerland - that was filed at federal court in the USA on April 22, 2003. Individuals and businesses mentioned in the request for assistance include Gunter Tschudin, Gabriele Borjan, Raymond Schmitt, Luigi Piffaretti, Sidney Management Ltd., Scoote AG, Packaline AG, Lincoln Door SA, Tresor Line Inc., Lane Consulting Ltd., Kelly Pahl & Associates Ltd., James Larkin Pahl , Joseph Kelly, Jansons Solicitors, NAJA Establishment, General Surety Company Ltd., Harleysville National Bank and Trust Co., NationsBank, Charles Weaver and Michael Adkins.
Switzerland: Magstore.ch
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged computer hacking of a web-site at www.magstore.ch.
Netherlands: HR Hilber
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into HR Hilber into alleged bribery and tax fraud.
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.
Alleged cocaine trafficker laundered funds through Swiss and US banks, say investigators
Article based on an application to collect evidence into suspected narcotics trafficking and money laundering - pursuant to a request for judicial assistance from Switzerland - that was granted at federal court in the USA on November 14, 2002. Individuals and businesses mentioned in the request for assistance include Tullio Pezzana, Vincenza Pezzana Siracusa, William Pezzana, Nicola Di Stefano, Blackstone Universal Corp., Banca Del Gottardo, Anker Bank, and Amtrade International Bank.
Switzerland investigates convicted fraudster Jean-Claude Lacote for new suspected fraud
Article based on two applications to collect evidence - pursuant to a request for judicial assistance from Switzerland - that were granted at federal court in the USA on December 19, 2002 and March 10, 2003. Individuals and businesses mentioned in the request for assistance include Jean-Claude Lacote, Robert Sullivan, Bo Krusell, Pierre Baudry, Roger Baudry, Aldus Finance Ltd., Kredietbank, Banque Bruxelles Lambert, Glen Tiney, Detroit International Investment Inc., Basellandschaftliche Kantonalbank, and David Dubowski.
Swiss asset manager accused of fraud and money laundering
Article based on an application to collect evidence for a criminal investigation into alleged money laundering - pursuant to a request for judicial assistance from Switzerland - that was filed at federal court in the USA on February 20, 2003. Individuals and businesses mentioned in the request for assistance inlcude Claudio Boscaro, Santo Maesano, MTB Bank, HBO-Casa Cambiaria SA, OPM Trust and Consult, and Symphonia Suisse.
Arrest warrants issued for directors of UK/offshore-based investment group
Two businessmen whose investment group includes an offshore IBC that was held out to the public as an investment fund have had arrest warrants issued against them in the United States. British national Sendjer Shefket, 43, and U. S. citizen Yen Lung Chen, 51, have been accused of operating a high yield investment scam.
CFTC sues forex firm whose ‘head’ trader’ was a house painter
A federal judge in Oregon has frozen the assets of several parties accused of operating an alleged foreign currency trading scam headed by former house painter Russell Cline and with ties to the Caribbean island of Dominica.
Insider Talking: April 30, 2003
Nevis Premier Vance Amory seeks independence yet again, Panama ignores multi-million dollar frauds against foreigners but leaps into action when foreigners defraud locals of a relative pittance, U. S. helps BVI authorities obtain evidence against Canadian national Terry Turl, judgment for $2.7 million entered against David Rose, criminal proceedings in Texas against Yank Barry take another extraordinary twist, Towry Law seeks to recover £30 million defrauded from clients, Grenada intends to revoke license of Bank Crozier, Patrick English ordered to testify at trial of civil action involving the Bank of Bermuda, criminal action stated against Dnipropetrovsk, Ukraine branch of Parex Bank, Cayman prosecutors drop money laundering charges against Melvin Taves because of his age, and Banca del Gottardo files complaint in Switzerland against unnamed parties who alleged that it held accounts in the name of ousted Iraqi President Saddam Hussein, including one in the Bahamas.Â
Ukraine: Pavel Lazarenko et al (2003)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Ukraine into Pavlo Ivanovych Lazarenko, Mykola Ivanovych Agafonov, Petro Mykolayovych Kyrychenko and Igor Oleksandrovych Polozhentsev for alleged embezzlement.
Switzerland: The Swiss Federation for Artificial Insemination(2)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into The Swiss Federation for Artificial Insemination for allegedly engaging in unfair competition.
Switzerland: The Swiss Federation for Artificial Insemination
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into The Swiss Federation for Artificial Insemination for allegedly engaging in unfair competition by inducing suppliers of bull semen in the United States to breach contracts with one of SFAI's competitors.
Switzerland: Gunter Tschudinet al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into alleged fraud, theft and money laundering by Gunter Tschudin, Gabriele Borjan, Raymond Schmitt and Luigi Piffaretti.
Offshore accounts used for bribes, claim prosecutors
A businessman has been charged under the Foreign Corrupt Practices Act after allegedly using offshore companies and bank accounts to pay bribes totalling more than $20 million.
James H. Giffen, 62, Mamaroneck, New York, was arrested at John F. Kennedy Airport on March 30, 2003 on charges of making unlawful payments to two senior officials of the Republic of Kazakhstan.
Switzerland: Claudio Boscaro et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Claudio Boscaro and Santo Maesano for alleged fraud, forgery and money laundering
Endovasc Ltd. Inc. v. JP Turner & Co. LLC et al: Second Amended Complaint
Second Amended Complaint in Endovasc Ltd. Inc. v. J.P. Turner & Co. LLC, KCM Group LLC, The Keshet Fund LP, Keshet LP, Nesher Ltd., Talbiya B. Investments Ltd., Balmore Funds SA, David Grin, LH Financial Services Corp., Laurus Master Fund Ltd., Laurus Capital Management LLC, Celeste Trust Reg, Patrick Power, John Clark, Abraham Grin, Talbiya Ltd., and Keshet Management Inc. at the U. S. District Court for the Southern District of New York.
Centre stops writing credit enhancement business
Zurich Financial Services has announced that its subsidiary group of companies, Bermuda-based Centre will no longer write new credit enhancement business."The structured finite risk insurance and reinsurance business of Centre, however, will continue to be a core function of the Zurich Group," stated a press release dated December 4, 2002.
Switzerland: Lothar Trinks at al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Lothar Trinks and Christina Kaiser for alleged fraud, embezzlement, disloyal management of business, forgery of documents, and money laundering.
Switzerland: Jean-Claude Lacote et al(2)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Switzerland into Jean-Claude Lacote and others for suspected fraud, forgery and money laundering.
Latin America Round-Up: November 30, 2002
ARGENTINA Switzerland to investigate Menem's bank accountsSwiss judge Christine Junod will investigate whether beleaguered former president Carlos Menem had money in the country's banking system. Until now, Menem has escaped prosecution in spite of the fact that he has been
