Alan McAloon

Marc Harris charged with criminal fraud in Panama, reports newspaper

September 30, 2000

Marc M. Harris, head of The Harris Organization financial services group, has been criminally charged with investment fraud in Panama, according to La Prensa newspaper.Current Harris Organization officer Ilka M. Barria and former employees Alan McAloon, Kenneth Taylor and Christine Ledezma have also apparently been charged.

Insider Talking: July 31, 1999

July 31, 1999

Global Village Market and the World Investors' Stock Exchange, Global Prosperity Group charges attendees $17,000 each for its get-rich-quick conferences, John Mathewson and the FBI, Cayman bank officer lived in home owned by client, says source; Harris Organization tries to subscribe to Offshore Alert, journalists seek information on Michael Ashcroft, Harris Organization officer Alan McAloon professes ignorance over Florida property ownership.

Libel trial judge asks: ‘Where is Marc Harris?’

July 31, 1999

The libel trial involving The Harris Organization financial services group of Panama and Offshore Business News & Research ended on July 30 with Judge Michael Moore asking: "Where is Marc Harris?" Harris was nowhere to be seen during six days of testimony even though he was the main subject matter of the March 31, 1998 Offshore Alert article that was being complained about.

Harris Organization/OffshoreAlert trial set to start on July 6, 1999

June 30, 1999

The civil libel trial between Offshore Business News & Research, Inc., which publishes this newsletter, and The Harris Organization financial services group of Panama will start at the United States District Court for the District of Southern Florida (in Miami) on July 6. After two postponements by the court because of scheduling problems, a definite date has now been set for the trial, which is scheduled to last for about one week.

Marc Harris says: ‘We’re cleaner than clean.’

March 31, 1998

David Marchant, the publisher of Offshore Alert, flew to the Bahamas on Wednesday, March 25 to meet with Marc Harris at the Radisson Grand Hotel in Cable Beach, near Nassau. Also present at the meeting were Larry Gandolfi, who is a salesman; Christopher Davy, head of computers; and Alan McAloon, head of trust services.

The Harris Organization’s multi-million dollar Ponzi scheme

March 31, 1998

Offshore Alert can today disclose that Panama's most-hyped financial services group, known as The Harris Organization, is being run as a massive Ponzi scheme in which clients are being defrauded out of millions of dollars. The situation is so serious that The Harris Organization, which employs 150 people in Panama, is hopelessly insolvent, with net liabilities of at least $25 million, according to sources knowledgeable of the group's financial affairs.