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November
2006
Insider Talking: November 9, 2006
The cold reality of life behind bars has persuaded former offshore banker Paul Morgan Jones to start turning over his assets to the Receiver of Cash 4 Titles, which perpetrated one of the biggest Ponzi schemes in history, operating from
September
2006
U. S. Judge incarcerates one ex-offshore banker for contempt, issues arrest warrant for another
A former offshore banker was taken into custody in the United States yesterday and an arrest warrant was issued for his Caribbean based former business partner after they were held in contempt of court. In addition, an order has been
August
2006
Offshore bankers told to pay-up or go to prison
Two former offshore bankers have been ordered to appear before a United States federal court in Illinois on August 31, 2006 to explain how they intend to pay a financial penalty of $7.2 million.If David Pollock and Paul Jones fail to show up, warrants for their arrest will be issued for contempt of court, stated U. S. District Judge Ronald A. Guzman in a judgment on August 3. Both are U. S. citizens, with Pollock currently residing in St. Lucia and Jones, a former bank examiner for the state of Ohio, living in Cape Coral, Florida, according to court records.
August
2005
Insider Talking: August 3, 2005
Banc Caribe liquidator & National Bank of Dominica settle litigation with Cash 4 Titles receiver; former house painter Russell Cline enters into plea agreement in Oregon concerning fraud and money laundering charges; and US authorities continue with attempt to seize assets of former Ukraine Prime Minister Pavlo Lazarenko.
February
2005
Newt Utopia: Newt Utopia: Latest Developments in Dominica, Bermuda and China
Dominica; Bermuda; and China – there’re coming.
August
2004
Banc Caribe Ltd.: Section 304 Petition
Section 304 Petition for Assistance in Insolvency Proceedings in Dominica by Marcus Wide, as the Foreign Representative of Banc Caribe Ltd., at the U. S. Bankruptcy Court for the Southern District of Florida.
April
2004
Banc Caribe and former principals lose key U. S. court rulings
A now-defunct offshore bank and two of its former principals have lost key court rulings in a fight for control of more than $5 million with the Receiver of a Ponzi scheme group known as Cash 4 Titles.
March
2004
Newt Utopia: March 31, 2004
Around the Caribbean Antigua is completely and totally Birdless 90% plus of those eligible to vote queued up in the rain to cast their ballot. People stood in lines for hours to make their mark and boy did they. It
December
2003
Banc Caribe investigation turns to Florida
Article based on an application to collect evidence – pursuant to a request for judicial assistance from Germany – that was granted at the U. S. District Court for the Northern District of Alabama on November 26, 2003. Individuals and businesses mentioned in the request for assistance include SouthTrust Bank, Ferdinand Hoischen, Jonny Franke, Banc Caribe Ltd., AIF Bank & Trust Ltd., American Investment & Finance Corp., American Investment & Finance Service Corp., Orion Technology & Commerce Corporation, Orion Technology, Handelsgesellschaft GmbH, and Pershing Securities Ltd.
December
2003
Germany: Ferdinand Hoischen et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Germany into Ferdinand Hoischen and Jonny Franke for suspected fraud and money laundering.
August
2003
‘Banc Caribe action has no adverse effect on our bank’, says NCB
Letter to the Editor of OffshoreAlert from National Commercial Bank of Dominica Regarding Banc Caribe.
July
2003
US court freezes assets of Dominica Gov’t-controlled bank
Nearly $5 million belonging to the government-controlled National Commercial Bank of Dominica has been frozen in the United States after an offshore bank client was found to be in contempt of court.The U. S. District Court for the Northern District of Illinois froze $4,793,472 at NCB’s correspondent account at the Bank of America in Miami, Florida on July 9, 2003.
April
2003
Offshore bank owner Ferdinand Hoischen arrested in Germany
An offshore banker and an associate have been arrested in Germany on charges of perpetrating an $82 million fraud against approximately 7,000 investors, most of whom are believed to be German nationals.Ferdinand Hoischen, 53, of Vetlanda, Sweden, and Jonny Franke, 49, of Pirna, Germany, were arrested on Monday, March 31, 2003, according to a source who is familiar with the investigation.
February
2003
Banc Caribe owner criticizes regulators
A part owner of the latest offshore bank to be closed down in Dominica has accused regulators of acting on incorrect information supplied by disgruntled management who had been fired only days before.
“The government has made a dirty deal with the old management,” said Ferdinand Hoischen, a German lawyer who beneficially owns Banc Caribe with Jonas Persson, of Sweden. “This is very political.”
August
2002
Insider Talking: August 31, 2002
European Federal Union Bank Ltd. falsely claims to be based in Antigua; Barbados Central Bank revokes license of Keywest Swiss Investment Bank Inc.; DIAK Bank’s Clifford Pitt fails in an attempt to quash a subpoena duces tecum; John Wayne Zidar is gound guilty of fraud and money laundering; US federal court approves IRS motion to serve John Doe summons on MasterCard International for investigation into tax evasion using offshore credit cards; Offshore bankers Julien Giraud and Brian Boeger have each been sentenced to 37 months in prison in the United States; and an auction of property belonging to Imperial Consolidated is due to take place in England.
August
2002
USA v. Brian Boeger: Criminal Judgment
Judgment in a Criminal Case in USA v. Brian Boeger at the U. S. District Court for the Southern District of Florida.
August
2002
Former offshore bankers Giraud and Boeger received 37-month prison terms
Former offshore bankers Julien Giraud and Brian Boeger have each been sentenced to 37 months in prison in the United States.Giraud was also fined $7,500 and they were both ordered to jointly and severally pay $194,000 in restitution.
November
2001
Four offshore bankers arrested, two more on the run
Four offshore bankers were arrested by United States law enforcement agencies in November and charged with money laundering.Two more have also been charged with money laundering but are still at large after warrants were issued but not executed.Those arrested were
November
2001
USA v. Julien Giraud et al: Criminal Indictment
Indictment in USA v. Julien Giraud and Brian Boeger at the U. S. District Court for the Southern District of Florida.
January
2000
Charles Homa ‘does not own Banc Caribe’, claims Managing Director
Letter to the Editor from Banc Caribe’s Managing Director, David Pollock, falsely denying that Charles Richard Homa was a shareholder of Banc Caribe.
November
1999
Insider Talking: November 30, 1999
Cayman Islands Immigration Board approves Ann Nealon’s work permit for Walkers law firm by a vote of two to one; Banc Caribe potential target for Cash 4 Titles victims; Antigua assures USA that William Cooper will be extradited; Scott Oliver leaves Lines Overseas Management; and Hundreds of Caribbean immigrants living in the US and residents of Dominica lose $1.2 million in investment scam.
