A default judgment for $6.4 million has been entered in the United States against offshore investment firm Lines Overseas Management Ltd. and an offshore brokerage arm of the Royal Bank of Canada in connection with an allegation of banking and securities fraud.The judgment against LOM and RBC Dominion Securities, of the Turks & Caicos Islands, was entered at the U. S. District Court for the Southern District of Alabama on July 1, 2004 after they failed to defend a civil complaint after being served in December, 2001, according to court records.
Default judgment against Lines Overseas Management and RBC Dominion Securities
20 years ago
Topics
Bermuda Canada Fraud Grenada InvestmentKeywords
Albert Deane Bruce Gray Darren Eady David Rowe Francis Bean