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Articles Bahamas Dominica Featured Fraud Investment United Kingdom USAMay 7, 2008

Ex-UK accountants imprisoned for perpetrating offshore investment fraud

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17 years ago

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Bahamas Dominica Fraud Investment USA
United Kingdom
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Alan White Birkdale Properties Ltd. Cotswold Trading Ltd. Dobb White & Co. Emerged Market Securities
Equitable Suisse Trust Eryl Management Ltd. Investors Bank & Trust Kennemar Management Ltd. Lancorp Financial Group Middle East Holdings Ltd. Morris White & Co. Roberts Investment Ltd. Secured Clearing Corporation Shinder Gangar Terry Dowdell The Avenger Fund Vavasseur Corp. Willow Enterprises Ltd.
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Two United Kingdom-based former accountants have been sentenced to prison after being found guilty of perpetrating a $200 million investment fraud, in part through an offshore bank in the Caribbean.
Shinder Gangar, 46, and Alan White, 49, were each sentenced to prison-terms of seven-and-a-half years at Sheffield Crown Court, in England, on April 11, 2008, comprising six years each for conspiracy to defraud and 18 months each for conspiracy to corrupt a United States official, to be served consecutively. In addition, they have both been disqualified from being company directors in the UK for 12 years.