Alan White

Ex-UK accountants imprisoned for perpetrating offshore investment fraud

May 7, 2008

Two United Kingdom-based former accountants have been sentenced to prison after being found guilty of perpetrating a $200 million investment fraud, in part through an offshore bank in the Caribbean. Shinder Gangar, 46, and Alan White, 49, were each sentenced to prison-terms of seven-and-a-half years at Sheffield Crown Court, in England, on April 11, 2008, comprising six years each for conspiracy to defraud and 18 months each for conspiracy to corrupt a United States official, to be served consecutively. In addition, they have both been disqualified from being company directors in the UK for 12 years.

Nine indicted for investment scam involving Bahamas IBC

March 9, 2007

Nine people have been indicted for fraud in the United States regarding an investment scheme that was perpetrated through a Bahamas shell company. The indictment was brought at the U. S. District Court for the Western District of Virginia on February 28, 2007 against Shinder Singh Gangar, 45, a United Kingdom national residing in England; Alan White, 48, a U.K. national residing in England; Birgit Mechlenburg, a.k.a. Gitte Mechlenburg, a resident of Massachusetts; Kenneth Mason, a U. S. national residing in Chicago, Illinois; Michael Hardesty, a U. S. national residing in Utah; Mark Smyth, a U. S. national residing in California; Gregory Smyth, 56, a U. S. national residing in California; Mary Dowdell, 49, a U. S. national residing in Charlottesville, Virginia and wife of Terry L. Dowdell, who is currently serving a 15-year prison sentence after pleading guilty to related fraud charges in June, 2004; and Rebecca Dowdell, 30, the daughter of Terry Dowdell and a U. S. national residing in Charlottesville, Virginia.

British accountants charged with offshore scam

November 17, 2005

Two British nationals have been charged with defrauding clients of companies in the Bahamas and England in a high yield investment scam.Shinder Gangar, 44, and Alan White, 47, were each charged with two counts of conspiracy to defraud at Leicester

UK SFO seeks evidence in Texas for investigation into alleged $240 m investment fraud

November 30, 2004

Another application for evidence has been filed in the United States as part of a criminal investigation by the Serious Fraud Office in the United Kingdom into an alleged $240 million investment fraud and money laundering. The latest application to

United Kingdom: Shinder Gangar et al (Texas)

November 2, 2004

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Shinder Gangar and others for alleged investment fraud.

UK SFO seeks US bank records in $240 m fraud inquiry

October 25, 2004

British criminal investigators have moved to subpoena bank records in the United States as part of an investigation into an alleged $240 million investment fraud.It is part of an investigation by the Serious Fraud Office into 11 people on both sides of the Atlantic who are suspected of money laundering and conspiracy to commit fraud.

United Kingdom: Shinder Gangar et al (Florida)

October 4, 2004

Application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged investment fraud and money laundering by Shinder Gangar and others.

Dobb White & Co. forced into liquidation

December 15, 2003

A United Kingdom-based accounting firm accused of fraud involving an offshore bank has gone into liquidation and its two partners declared bankrupt. Orders to wind-up Dobb White & Co., of Leicester and Nottingham, in England, and bankrupt Shinder Singh Gangar and Alan White were issued by the UK High Court on December 2, 2003.

$130 million judgment against securities fraudster

June 22, 2003

A federal court in the United States has entered a $130 million judgment against a businessman who perpetrated an investment fraud using several offshore structures. The judgment, entered on June 6, 2003 at the U. S. District Court for the Western District of Virginia, requires Terry Dowdell to pay disgorgement of $121.2 million, $8.6 million in prejudgment interest and a fine of $1 million.

Terry Dowdell pleads guilty to fraud

December 31, 2002

A business associate of the now-closed Overseas Development Bank & Trust Ltd., of Dominica, has pleaded guilty to 20 felony charges, including securities fraud, money laundering and wire fraud.The charges relate to a multi-million dollar fraudulent trading program that Terry L. Dowdell operated through his Bahamas-registered firm, Vavasseur Corporation, starting in 1998.

Former offshore banker David Taylor arrested in UK fraud investigation

October 31, 2002

The former General Manager of Overseas Development Bank & Trust, of Dominica, and three accountants in the United Kingdom have been arrested as a part of an investment fraud investigation.David Taylor was arrested and granted police bail in Leicestershire, England, in October, along with Shinder Singh Gangar, Alan White and Ian Collins.