USA v. Bruce Hawkins: Criminal Indictment
Indictment in USA v. Bruce Hawkins at the U. S. District Court for the Western District of Washington.
$3.9 m judgment entered against Prosperitas Internationale Credit Union
A default judgment for $3.9 million has been entered in the United States against a now-defunct 'credit union' domiciled in Panama and purportedly operated from Nevis that received proceeds from a securities fraud.The judgment was entered against relief defendant Prosperitas Internationale Credit Union at the U. S. District Court for the Western District of Washington on July 24, 2008 in a civil action prosecuted by the U. S. Commodity Futures Trading Commission. Prosperitas Internationale was served on October 12, 2007 through one of its officers, Bruce Hawkins, a resident of Gig Harbor, Washington, but never entered an appearance in the case, according to the CFTC.
Nevis firms sue alleged investment fraudsters
Four Nevis-registered firms who were members of a sham offshore credit union have filed a lawsuit alleging they were defrauded of approximately $3.7 million in a bogus foreign currency trading scheme.
Diamond Investment Group LLC, Index Management Systems LLC, Austin Enterprises LLC and Bonita Holdings LLC filed an action at the U. S. District Court for the District of Oregon on July 11, 2003.
Unlicensed offshore ‘credit unions’ offer high yield products to members
A United States firm has been forming IBCs in Panama and selling them to North Americans at a huge mark-up on the basis that they are "financial institutions", OffshoreAlert can reveal.At least five of the IBCs are currently offering investment products and services from web-sites hosted in Montana or the Bahamas even though none holds a license.
