First Ecom.com moves into oil and gas as losses mount

By David Marchant

23 years ago

Topics

Keywords

First Ecom.com Gasco Energy Inc. Gregory Pek Lines Overseas Management

E-commerce firm First Ecom.com, whose principal shareholders include the Bank of Bermuda, clients of Bermuda-based investment firm Lines Overseas Management and various offshore entities, is fast becoming a lemon of gargantuan proportions.
Faced with unrelentingly dire operating results, the firm took the drastic measure in May of announcing that it was using some of the $28 million of capital that it still has left to buy a Nevada-registered oil and gas exploration company called Gasco Energy Inc.

- You're only seeing part of this content
  
  To view the entire article or download the document, subscribe today.
  
  - Offshore Courts: 29,000+ court cases (Bahamas, Bermuda, BVI, Cayman Islands)
  - Investigative Articles: 4,500+ in-depth articles, including fraud exposés
  - MLATs - Criminal: 1,400+ MLATs on global criminal investigations
  - Ch. 15 - Insolvencies: Monitored daily
  - Foreign Discovery: Applications for foreign discovery filed in the USA, monitored daily
  - Regulatory Actions: Global regulatory actions, fines, and bans, monitored daily
  - And More: Criminal indictments, extraditions, winding-up petitions, and more
  
  Unlimited access for less than $3/day.
  
  Cancel anytime.
  
  SUBSCRIBE
- SIGN IN
  
  Forgot your password?

BECOME A SUBSCRIBER

Daily red flags in high-value international finance

Unlimited access. No contracts. Cancel anytime.