Following a long regulatory investigation that it went to extraordinary lengths to block through the courts, offshore financial services group Lines Overseas Management has been charged with securities fraud in a civil complaint that was filed yesterday by the United States Securities and Exchange Commission.
The defendants include LOM companies in Bermuda, where the group is headquartered; the Bahamas and the Cayman Islands, as well as LOM’s President and CEO, Scott Lines, and his brother, Brian Lines, who resigned as LOM’s president, effective July 1, 2005, as a result of the SEC investigation. The group’s chairman, Brian and Scott’s father Donald Lines, is not a defendant.
SEC files securities fraud complaint against Lines Overseas Management
17 years ago
Topics
Bermuda Fraud Investment Listed Securities USAKeywords
Anthony Wile Brian Lines Ian Park John Cooper Lawrence Isen