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Guatemala requests records of accounts at Gulf Bank (Miami)

April 1, 2008
Article based on an application to collect evidence for an investigation into alleged bank fraud and money laundering - pursuant to a request for judicial assistance from Guatemala - that was filed at the U. S. District Court for the Southern District of Florida on March 11, 2008. Businesses mentioned in the request include Banco de Comercio SA, Organizadora de Comercio SA and Gulf Bank of Miami.

First Curacao International Bank depositor sues Central Bank for return of funds

March 24, 2008
An 'innocent' client of suspected money launderer First Curacao International Bank is suing the Central Bank of the Netherlands Antilles for refusing to release its funds. Scipio LLC, a Nevis corporation, has accused the regulator of improperly holding on to depositors' funds so that it can earn interest from them after closing down the bank in 2006 amid a criminal investigation in the Netherlands into whether FCIB was laundering the proceeds of a European-based Value Added Tax scam known as 'carousel' fraud.

Julius Baer Bank tries to shut down Wikileaks.org for publishing client records

March 11, 2008
An offshore bank is seeking to close down a web-site for whistleblowers that is currently displaying account records that were allegedly leaked by the financial institution's former Chief Operating Officer. Cayman Islands-licensed Julius Baer Bank and Trust Co. Ltd. and its Swiss parent, Bank Julius Baer & Co. Ltd., filed a complaint against the anonymous operators of wikileaks.org and the California company that hosts its web-site, Dynadot LLC, at the U. S. District Court for the Northern District of California on February 6, 2008.

Guatemala: Organizadora de Comercio, SA

March 11, 2008
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Guatemala into Banco de Comercio SA, Organizadora de Comercio, SA and their executives for alleged fraud and money laundering.

Another Grenada bank collapses in scandalous circumstances

March 10, 2008
Long after the scandalous failures of all of Grenada's more than 40 offshore banks with heavy losses to depositors, one of the jurisdiction's local banks has gone the same route, the principal difference being that, this time, the victims will include locals, not just foreigners. Capital Bank International Ltd., which began operating as a bank in 1988, went into receivership by order of the Grenada High Court on February 15, 2008 following an application from the Minister of Finance, Keith Mitchell, who is also the country's Prime Minister. David Holukoff, the Grenada-based Managing Director of Kroll Associates UK Limited, was appointed Receiver.

Julius Baer drops attempt in US court to force web-site to remove client records

March 10, 2008
After a roller-coaster 28-day ride of litigation and negative publicity, the Julius Baer private banking group has dropped its injunction application and claim for damages against an anonymously-operated web-site for whistleblowers. Bank Julius Baer & Co. Ltd., incorporated in Switzerland, and a Cayman Islands subsidiary, Julius Baer Bank and Trust Co. Ltd., filed a notice of voluntary dismissal without prejudice of its complaint against Wikileaks and wikileaks.org at the U. S. District Court for the Northern District of California on March 5, 2008. In doing so, the plaintiffs stated that they "may, at their option, later pursue their claims, including in an alternate court, jurisdiction or venue".

Brazil seeks records at Delta National Bank and Trust

February 11, 2008
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged money laundering - pursuant to a request for judicial assistance from Brazil - that was filed federal court in the USA on January 15, 2008. Individuals and businesses mentioned in the request for assistance include Roberto Egreja, Rubens Tadeu Wendler Rilgione, Marisa Gonçalves, Beverly Hills Offshore, Malawi Company Ltd., Merchant's Bank, Valley National Bank, and Delta National Bank and Trust.

Czech Republic requests account records at Chase Bank

February 11, 2008
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged credit card fraud - pursuant to a request for judicial assistance from the Czech Republic - that was filed at federal court in the USA on January 4, 2008. Individuals and businesses mentioned in the request for assistance include Ludvic Barta, and Chase Bank.

US Gov’t applies to seize alleged drug money at Global Bank of Commerce in Antigua

February 11, 2008
The United States Government has applied to seize funds in an account at the Global Bank of Commerce, in Antigua, that are allegedly the proceeds of narcotics trafficking. A forfeiture application against all funds on deposit at the Global Bank of Commerce held in the name of, or traceable to, Astra Holdings Inc. was filed at the U. S. District Court for the Southern District of New York on January 23, 2008. In the same application, prosecutors are also seeking to seize all funds on deposit at the Bank of Montreal, Canada, held in the name of, or traceable to, Humberto Jose Castro-Tirado, and the contents of Safe Deposit Box Number 214, in the name of Humberto Jose Castro Carrera, at Bank of America, 401 Lincoln Road, Miami Beach, Florida.

Portugal: Volodymyr Yermakov et al (Florida)

February 11, 2008
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Portugal into Volodymyr Yermakov, Ivan Ustych and Oleksiy Tsvelik for alleged fraud.

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.

Poland requests information from Delaware corporation for bank fraud investigation

December 11, 2007
Article based on an application to collect evidence for a criminal investigation into alleged bank fraud and forgery - pursuant to a request for judicial assistance from Poland - that was filed at federal court in the USA on November 14, 2007. Individuals and businesses mentioned in the request for assistance include Polmos SA, Ewa Wielochowska, InterCultural Corporation Donau-Dnepr, Jyske Bank A/S, Bank Gospodarki Zywnosciowej S.p.A., a.k.a. Bank BGZ SA; Sasky dvur s.r.o., and Franciszek Nowak.

Colorado regulators close down ‘offshore bank’

November 26, 2007
Colorado's banking regulators have closed down the state's last remaining 'offshore bank', claiming the institution is "hopelessly insolvent" and its managers untrustworthy. American Intercapital Holding, LLC, doing business as American Intercapital Depository & Trust and formerly known as American International Depository & Trust, was placed in "immediate involuntary liquidation" by an order of the Colorado Division of Banking's State Banking Board on November 19, 2007 immediately following an emergency meeting. State Banking Commissioner Richard Fulkerson has been appointed liquidator and Philip Feigin, a former Colorado State Securities Commissioner now working for the law firm of Rothgerber Johnson & Lyons LLP, as Deputy Receiver.

Poland: Polmos SA

November 14, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Poland into alleged bank fraud and forgery involving Polmos SA.

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.

US Gov’t seeks civil penalties of $162 m against Bank of Cyprus

November 11, 2007
The United States Government is seeking civil penalties of at least $162 million against Bank of Cyprus Plc for allegedly knowingly laundering the proceeds of securities fraud through branches in Cyprus and England.The bank faces five counts of money laundering

Florida bank records sought for alleged fraud

November 11, 2007
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 Portugal - that was filed at federal court in the USA on August 20, 2007. Individuals and businesses mentioned in the request for assistance include Bank of America, Washington Mutual, Commercebank, Carlos Nunez, António Maldonado, Manuel Rodriguez Rosas, Carlos Manuel Ascencao Ferreira, Domingos Quinta Figueiredo, Francisco Pereira de Amorim, and Caixa Geral de Depositos.

British Virgin Islands: IPOC International Growth Fund Ltd. et al

October 31, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the British Virgin Islands into IPOC International Growth Fund Ltd., Jeffrey Galmond, Michael Ludwig Rudolf North, Lapal Limited, Albany Invest Limited and Mercury Import Limited for allegedly laundering the proceeds of corruption by Russia's Minister of Telecommunications, Leonid Reiman.

Banque Audi Suisse (Miami) records needed for narco-trafficking inquiry

October 11, 2007
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged money laundering - pursuant to a request for judicial assistance from the Netherlands Antilles - that was filed at federal court in the USA on September 26, 2007. Individuals and businesses mentioned in the request for assistance include Maher Ayoub, Samer Ayoub, Banque Audi Suisse, and Rideau Center.

Brazil seeks account information from Sofisa Bank

October 11, 2007
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged money laundering and tax evasion - pursuant to a request for judicial assistance from Brazil - that was filed at federal court in the USA on September 5, 2007.Individuals and businesses mentioned in the request for assistance include Maria da Penh Bonini Brandao, Rubens Tadeu Wendler Riglione, Sofisa Bank, and Valley National Bank.

Israel seeks evidence from NY resident for fraud investigation

October 11, 2007
Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged fraud involving Yakov Schwartz - pursuant to a request for judicial assistance from Israel - that was filed at federal court in the USA on September 11, 2007.

IP addresses sought from AT&T for fraud investigation

October 11, 2007
Article based on an application to collect evidence for a criminal investigation into alleged bank fraud - pursuant to a request for judicial assistance from Portugal - that was filed at federal court in the USA on September 12, 2007. Individuals and businesses mentioned in the request for assistance include Volodymyr Yerrnakov, Ivan Ustych, Oleksiy Tsvelik, Caixa Geral de Depositos, Caixadirecta, and AT&T.

Mellon United National Bank (Miami) records sought for drug-trafficking investigation

October 11, 2007
Article based on an application to collect evidence for a criminal investigaion into alleged bank fraud, narcotics-trafficking and money laundering - pursuant to a request for judicial assistance from Spain - that was filed at federal court in the USA on September 26, 2007. Individuals and businesses mentioned in the request for assistance include Maria Luisa Vizcaino Bascones, Pablo Sanchez Garcia, Benito Rosal Lobato, Javier Sanclemente Castrillon, Alfonso Duran del Castillo, Gonzalo Contrarero del Castillo, Antonio Miranda Rojas, Javier Miranda Burgos, Grupo MFM-2001, Grupo Almira, SA, IN9 SA, Mazog SA, Inverin 2000, Mellon United National Bank, Banco Popular, Credit Suisse, and Luis Hernandez.

Spain: Maria Luisa Vizcaino Bascones

September 26, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Maria Luisa Vizcaino Bascones, Pablo Sanchez Garcia, Benito Rosal Labato, Javier Sanclemente Castrillon, Alfonso Duran del Castillo, Gonzalo Cantarela del Castillo, Antonio Miranda Rojas and Javier Miranda Burgos into alleged narcotics trafficking and money laundering.

Portugal: Volodymyr Yermakov et al

September 12, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Portugal into Volodymyr Yermakov, Ivan Ustych and Oleksiy Tsvelik for alleged fraud.
michael-creft

Offshore bank bribed regulators and Prime Minister, says ex-chief regulator

September 10, 2007
Grenada's former chief offshore regulator, Michael Creft, has admitted that the fraudulently operated First International Bank of Grenada bribed regulators and Government members, including Prime Minister Keith Mitchell. Creft has also acknowledged that he committed perjury in support of FIBG's failed

Turkey: Sadettin Gorgulu

September 7, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Turkey into Sadettin Gorgulu for alleged forgery of a bank document.

Ex-FIBG insiders receive prison terms in Oregon

August 28, 2007
Eight years after their offshore scam was first exposed by OffshoreAlert, four former officers of the First International Bank of Grenada were sentenced yesterday to prison terms of between one-and-a-half and eight years.

USA v. Rita Regale et al: USA’s Sentencing Memorandum

August 22, 2007
USA's Sentencing Memorandum in USA v. Rita L. Regale, Douglas C. Ferguson, Robert J. Skirving, and Laurent E. Barnabe at the U. S. District Court for the District of Oregon. Editor's Note: This document is notable for its reference to testimony by Grenada's former chief financial services regulator, Michael Creft, in which he acknowledged bribery and corruption.

Portugal: Carlos Nunes et al

August 20, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Portugal into Carlos Nunes, Antonio Maldonado and Manuel Rodrigues Rosas for alleged fraud.

Wells Fargo Bank records sought by Swiss money laundering investigators

July 12, 2007
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 on May 3, 2007. Individuals and businesses mentioned in the request for assistance include Gyorgy Matrai, Pierre Schaefer, Limage Holding SA, Limage Southwest Holding Ltd., Wells Fargo Bank NA, Julius Baer Bank, Amas Bank, Banque de Patrimoines Prives, Ulf Juvel, and SMA International BV.

USA applies to seize $9 m ‘fraud proceeds’ from Bank Julius Baer (Guernsey)

June 10, 2007
The United States Government has applied to seize $9.75 million in allegedly criminal proceeds from two accounts at the Guernsey branch of Bank Julius Baer.The Government claims the money represents the proceeds of insider trading conducted by an employee of Credit Suisse in New York and an accomplice.

Argentina seeks records from Mellon United National Bank

June 10, 2007
Article based on an application to collect evidence for a criminal investigation into alleged money laundering - pursuant to a request for judicial assistance from Argentina - that was filed at federal court in the USA on May 22, 2007. Individuals and businesses mentioned in the request for assistance include Pablo Santiago Perez Brown, Isaac Daniel Benoliel, Juan Jose Marranti, Horacio Adolfo Rojo, Romulo Rafael Piccardo Silvestri, Julian Tsusinsky, Lautaro Roman Fernandez, Bernardo Mario Libman, Debora Benoliel de Libman, Roberto Edmundo Ale, Tulia Arturo Del Zappa, Diego Alejandro Cerboni, Patricio Guillermo Vergara Escudero, Mellon United National Bank, and Banco Meridian.

Brazil seeks records from BAC Bank and International Bank of Miami

June 10, 2007
Article based on an application to collect evidence for a criminal investigation into alleged money laundering - pursuant to a request for judicial assistance from Brazil - that was filed at federal court in the USA on May 29, 2007. Individuals and businesses mentioned in the request for assistance include Stereo Capital, Mario Alcides Toppi Ortigoza, Fabio Luiz Akar de Faria, International Bank of Miami, and BAC Bank.

Bank of America records sought for UK fraud investigation

June 10, 2007
Article based on an application to collect evidence for a criminal investigation into alleged securities fraud - pursuant to a request for judicial assistance from the United Kingdom - that was filed at federal court on May 1, 2007. Individuals and businesses mentioned in the request for assistance include Gordon O'Donnell, Nicholas Westin, Heritage Mergers and Acquisitions Ltd., Edos Inc., Bank of America, First Liberty Clearing LLC, Bank of Cyprus, TA Holdings Corporation, and Crown Noble TA, a.k.a. Crowne Noble TA.

UK seeks Internet records in US in probe of theft from Lloyd’s TSB Bank

June 10, 2007
Article based on an application to collect evidence for a criminal investigation into alleged theft - pursuant to a request for judicial assistance from the United Kingdom - that was filed at federal court in the USA on April 19, 2007. Individuals and businesses mentioned in the request for assistance include Andrejs Polujanovs, Lloyds TSB Bank, and Cox Communications.

Turkey: Beyond NY, Inc.

June 1, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Turkey into alleged credit card fraud.

Another ex-Grenada offshore banker goes to prison in U. S.

May 31, 2007
A United States national has been sentenced to 33 months in prison and fined $4.7 million for his role in a now defunct, fraudulently operated offshore bank on the Caribbean island of Grenada.The sentence was handed down to John Edward

Brazil: Stereo Capital et al

May 29, 2007
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into Fabio Akar, Stereo Capital,Mario Alcides Toppi Ortigoza, Fabio Luiz Akar de Faria and others suspected of involvement in an illegal money remittance operation.