Insider Talking: June 10, 2007

OffshoreAlert has previously reported about the incomplete and materially inaccurate disclosures of River Capital Group Inc., a Delaware corporation operated from Bermuda with a Barbados insurer as its principal subsidiary, in its filings with the SEC in the United States, where its shares are listed on the OTC BB; Marty Steinberg, the Receiver for the fraudulently-operated Lancer group of hedge funds, recently filed two more civil complaints at the U. S. District Court for the Southern District of Florida in an attempt to recover a total of $106,000 that he claims was illegally transferred out of Lancer to third-parties in 2003; An offshore reinsurer has taken action in the United States to enforce a judgment for US$347,576 it obtained against a U. S. firm at the Grand Court of the Cayman Islands; and Syrian-born arms dealer Monzer al-Kassar, an ex-business partner of the now-defunct, fraudulently-operated Imperial Consolidated Group, was arrested in Spain — where he lives — on June 7, 2007 after being indicted in the United States.