Beth-Ann Bartlett

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UK Official Receiver declines to halt Grant-St. James bankruptcy

Since last month's story about clients of Nevis-based Global Dominion Financial Services being unable to redeem their investments, OffshoreAlert has discovered that the firm's head is an undischarged bankrupt in the UK.Nicolas Eugene Grant-St. James, 38, who was a clothes salesman prior to going into offshore services, was declared bankrupt at the High Court in London on June 16, 1998.

Global Dominion clients unable to redeem investments

About 200 people who invested more than $6 million through Nevis-based Global Dominion Financial Services are unable to redeem their investments, OffshoreAlert can reveal. One investor, a 39-year-old disabled woman residing in Washington State, is due to have her house repossessed on June 24, 2001 because she cannot meet her mortgage payments.