Citigroup

Manhattan District Attorney attacks offshore secrecy domiciles

August 31, 2003

Manhattan District Attorney Robert Morgenthau has called for a ban on U. S.-based financial institutions from doing business with offshore financial centers that have "unreasonable secrecy laws".

Austria: Dieter Pointner

July 22, 2003

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Austria into Dieter Pointner for alleged fraud and embezzlement.

Costa Rica: Luis Enrique Villalobos Camacho et al

May 21, 2003

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Costa Rica into Osvaldo Villalobos Camacho, Luis Enrique Villalobos Camacho and Freddy Villalobos Camacho for allegedly laundering the proceeds of narcotics trafficking by Bertrand Henri St-Onge, Sandra Kerwin St-Onge, Luc St-Onge, Richard Rivers and Norman Denault.

Citibank (Bahamas) sued over distribution of dead client’s assets

April 30, 2003

Citibank (Bahamas) Ltd. is being sued in New York by three Italian nationals who claim they have been cheated out of more than $1 million.The dispute relates to the Estate of Carlo Palazzi, a client of Citibank's New York and Bahamas operations who died on May 13, 2000.Silvio Villa, Michelina Capasso and Pierangela Melis, all of Rome, Italy, claim that Palazzi made them his beneficiaries in a hospital bedside telephone call to Citibank just four days before he died.

Doubts raised about latest Imperial Consolidated spin-off

December 31, 2002

Citigroup has cast doubt on the legitimacy of a new investment scheme whose participants include two key players in the $345 million fraud perpetrated by the Imperial Consolidated Group.Edouardos Stamatiou and Robert Raven are involved in an attempt by United Financial Corporation S. A. to sell $110 million one-year Certificates of Deposit bearing annual interest of up to 14 per cent.

Latin America Round-Up: November 30, 2002

November 30, 2002

ARGENTINA Switzerland to investigate Menem's bank accountsSwiss judge Christine Junod will investigate whether beleaguered former president Carlos Menem had money in the country's banking system. Until now, Menem has escaped prosecution in spite of the fact that he has been

Colombia: Luis Antonio Acevedo Galindo

November 4, 2002

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Colombia - for a criminal investigation into Luis Antonio Acevedo Galindo for suspected money laundering.

Latin America Round-Up: October 31, 2002

October 31, 2002

ARGENTINA The bankers' parade Michael Smith, of HSBC, declared before judge Claudio Bonadío that bribes were somewhat customary in Argentina. Smith—a British citizen who has been only months in the South American country—was testifying in a new case of alleged

Annuity & Life Re extends credit facility

October 31, 2002

Annuity and Life Re, whose stock has plummeted from $26 to $4 per share this year, has reached an agreement with Citibank to extend its $49 million unsecured letter of credit facility into 2003.Under the agreement, Annuity and Life stated

Former bankrupt (x2) and scam victim touts forex scheme

September 30, 2002

A twice bankrupt businessman who once fell victim to a foreign currency exchange scam is promoting his own Forex scheme and telling participants it is "realistic" to expect monthly returns of four per cent.Maurice Lewis Mills, 37, operates Washington State-based Sterling forex LLC, which claims it has "fulfilled CFTC Compliance requirements to offer forex trading advisory services to U.S. Clients".

Italy: Marco Bourelly

September 9, 2002

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Italy into Marco Bourelly and Fausto De Berardinis for alleged bank fraud.

Italy: Mauricio Raggio et al

September 9, 2002

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Italy into Mauricio Raggio and Rocio Zaldivar Mercado for alleged money laundering regarding the proceeds of corruption by the former Secretary of the Italian Socialist Party Benedetto Craxi, a.k.a. Bettino Craxi.

United Kingdom: Kevin Dooley et al (Florida)

August 28, 2002

Application for the appointment of a Commissioner to collect evidence from Pinebank - pursuant to a request for judicial assistance from the United Kingdom - for a criminal investigation into "Kevin Dooley, John Silver and others for theft and conspiracy to defraud".

Netherlands: Antonius Johannes Maria Van der Stappen

August 7, 2002

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into Antonius Johannes Maria Van der Stappen for alleged bank fraud.

Latin America Round Up: May 31, 2002

May 31, 2002

Corruption in Argentina Since it was founded in 1999, the Argentinean Anti Corruption Office has handled 1,784 cases that generated 489 complaints but none of them has produced a sentence. The last index by Transparency International — which classifies countries

Germany: Jafaru Damulak

May 20, 2002

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Germany into Jafaru Damulak for suspected fraud.

USA v. Alvin Irwin Moss et al: Criminal Indictment

May 8, 2002

Indictment filed by USA against Alvin Irwin Moss, Frederick John Collier, Avraham Zohar, a.k.a. Avy Zohar; Richard Titterington, Geoffrey L. Feldman, Sherrie-Lee Doreen Cave, Peter James O'Sullivan, Rosalind Rose, Wayne Budd, Thomas Montgomery Bayer, Robert Murray Bohn, Stacy Layne Beavers, Beverly Ann Moss, Jeffery Allen Moss, Larry Charles Moss, Michael Joseph Harkin and Michael Elliot Cole at the U. S. District Court for the Western District of Tennessee.

United Kingdom: Kentaro Matsumoto et al

April 25, 2002

Application for the appointment of a Commissioner to collect evidence for a money laundering investigation in the United Kingdom into Kentaro Matsumoto and Illy Chakrabarty.

Ukraine: Serhji Valerii Paronov et al

February 19, 2002

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Ukraine into Star-Soft Ltd. (Director: Serhji Valerii Paronov; Manager: Oleh Ilarii Pylypets; Chief Accountant: Nataliya Mykhailo Dzyubak) for alleged misappropriation of state funds.

Enron Re has assets of just $9.58 million

January 31, 2002

Enron Corp's Bermuda-registered captive, Enron Re Ltd., has assets of just $9.58 million to meet its liabilities, according to bankruptcy court filings. Creditors of the firm include Enron Corp., Enron North America, Risk Management & Trading Corp., European Finance Re and Harrington International Insurance Ltd.

Enron Re Ltd.: Section 304 Petition

January 18, 2002

Section 304 Petition for Assistance in Insolvency Proceedings in Bermuda by Malcolm Butterfield and Anthony McMahon, as the Foreign Representatives of Enron Re Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Latin America Round-Up: November 30, 2001

November 30, 2001

Investigator finds links among different cases of corruption in Argentina The head of an anti money laundering commission in Argentina, Legislator Elisa Carrió, has linked apparently unconnected cases of corruption that have occurred during the past 15 years in a

Australia: Robert Flavel

November 14, 2001

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Australia into the alleged importation of cocaine into Australia aboard marine vessels Tvareg and Maeva Chiqui in January and December 1998, respectively.

Aruba: Pursi Tjew San Jie-A-Swie et al

September 12, 2001

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Aruba - for a criminal investigation into Pursi Tjew San Jie-A-Swie, Farley Hon Ping Jie-A-Swie, Gerrit de Rouw, Hon Wo Choy, Kong Hing Supermarket NV, Kong Hing Supercenter NV and Kong Hing Freezone NV for suspected money laundering.

Florida court grants judicial assistance to Liechtenstein for money laundering investigations

July 31, 2001

Article based on two applications to collect evidence for separate criminal investigations into suspected money laundering - pursuant to requests for judicial assistance from Liechtenstein - that were filed at federal courts in the USA on June 14, 2001 and June 15, 2001. Individuals and businesses mentioned in the requests for assistance include Jorge Hugo Reyes Torres, Herbert Batliner, Helmuth Otto Wilhelm Eduard Stanisch, Enrico Clerici, Dresdner Bank (Switzerland) AG, Peter Niermann, Verwaltungs-und Privat Bank AG, Pablo Escobar, Juan Carlos Saavedra Molina, Eugen von Hoffen, Eugen Heeb, Maria Sanclemente, Angela Maria Narvaez, Rosa Elvira Muñoz, Nestor Gomez Mejia, Intercompany Management AG, Barex Shipping, Conus Shipping, Nomentana, Calcul Business Consulting, Cashcom Investments, Con Moto Stiftung, Brenner Stiftung, Ancestry Foundation, FSK Foundation, Von Langenburg Stiftung, Agnat Stiftung, Valauris AG, Langdon Shipping Ltd., Standex Shipping Ltd., Zundorf Unternehmens AG, LGT Bank, Citibank, National Financial Services Corp., and Pershing Securities Ltd.

Liechtenstein: Juan Carlos Saavedra Molina et al

June 14, 2001

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Liechtenstein into Juan Carlos Saavedra Molina and others for the alleged laundering of the proceeds of narcotics trafficking.

Latin America Round Up: May 31, 2001

May 31, 2001

Panama is on a new "black list" Getting genuine and trustworthy information vital if one wants to make smart investing decisions is going to be harder from now on in Panama. Eight journalists have been convicted of criminal libel in

Latin America Round Up: April 30, 2001

April 30, 2001

Argentina Finally, Argentinean Central Bank boss Pedro Pou was replaced on Wednesday, April 25th, by Roque Maccarrone, former President at Banco de la Nación and Banco Río. The move followed a parliamentarian investigation that found irregularities in the way Pou

Italy: Marino Carpino

November 15, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Italy into Marino Carpino for attempted fraud.

USA v. Mack Obioha et al: Motion for Letters Rogatory

August 9, 2000

Defendant Obioha's Motion for Issuance of Letters Rogatory in the case of  'USA vs. Mack Obioha et al' at the U. S. District Court for the Eastern District of California.

Russia: Industrial State Enterprises of St. Petersburg

June 2, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into alleged corruption and fraud involving Industrial State Enterprises of St. Petersburg.

Denmark: Peter Dennis Jorgensen

April 18, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Denmark into Peter Dennis Jorgensen or attempted fraud.

Poland: Krzysztof Iwanczuk

February 7, 2000

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Poland into Krzysztof Iwanczuk for alleged misappropriation to the detriment of Rolnicza Spoldzielnia Produkcyjna.

Bank waiver letters gain popularity in the Bahamas

November 30, 1999

SG Hambros in the Bahamas is considering asking both US and Canadian clients to sign waiver forms authorizing the private bank to release account information to the authorities in these two countries if the need ever arises, we have been

‘Caribbean Bank of Crooks’

November 30, 1998

Offshore Alert can this month reveal further details about an Internet bank in Antigua that is perpetrating a fraud so crude that it illustrates why the island has developed such a poor reputation in the offshore world. The fraud is all the more disturbing because the bank's legal representative in Antigua is Steadroy Benjamin, who is a Senator for the ruling Antigua Labour Party and is the Deputy Speaker of the Antiguan House of Representatives.

United Kingdom: Gerhard Martens et al

March 25, 1996

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into an alleged advance fee fraud by Gerhard Martens and others.