Clover Asset Management

Florida resident receives 57 months in prison for offshore bank and tax fraud

July 19, 2017

A Florida-based client of Heritage International Bank & Trust in Belize and Clover Asset Management in the Cayman Islands has been sentenced to 57 months in prison and ordered to pay $1.5 million after pleading guilty to conspiracy to commit bank and tax fraud.

USA v. Casey Padula: USA’s Sentencing Memorandum

July 10, 2017

USA's Sentencing Memorandum in USA v. Casey Padula at the U. S. District Court for the Middle District of Florida.

USA v. Casey Padula: Plea Agreement

March 23, 2017

Plea Agreement in USA v. Casey Padula at the U. S. District Court for the Middle District of Florida.

USA v. Casey Padula: Criminal Information

February 23, 2017

Criminal Information in USA v. Casey Padula at the U. S. District Court for the Middle District of Florida.

Poulin and St-Cyr sentenced to 14 months in prison for money laundering

October 3, 2014

Canadian nationals Patrick Poulin and Eric St-Cyr were today each sentenced to 14 months in prison for participating in an offshore money laundering scheme - prison terms that were significantly less than U. S. prosecutors had been seeking.

USA v. Eric St-Cyr: Criminal Judgment

October 3, 2014

Judgment in a Criminal Case in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

Poulin bankrupt & disbarred, St-Cyr to divorce after money laundering convictions

September 28, 2014

Patrick Poulin has filed for bankruptcy and been disbarred in Canada and the Turks and Caicos Islands as a result of his conviction for money laundering in the United States, while the wife of co-defendant Eric St-Cyr has filed for a divorce, according to court filings ahead of sentencing this Friday.

USA v. Eric St-Cyr: St-Cyr’s Position on Sentencing

September 26, 2014

St-Cyr's Position on Sentencing in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

USA v. Eric St-Cyr: USA’s Position on Sentencing

September 26, 2014

USA's Position on Sentencing in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

USA v. Patrick Poulin: USA’s Position on Sentencing

September 26, 2014

USA's Position on Sentencing in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

Joshua VanDyk sentenced to 30 months in prison for offshore money laundering

September 5, 2014

Former Cayman Islands-based investment adviser Joshua VanDyk was today sentenced to 30 months in prison in the United States for his part in a money laundering scheme.

USA v. Joshua VanDyk: VanDyk’s Motion for Downward Departure

August 29, 2014

VanDyk's Motion for Downward Departure in USA v. Joshua VanDyk at the U. S. District Court for the Eastern District of Virginia.

USA v. Joshua VanDyk: USA’s Position on Sentencing

August 29, 2014

USA's Position on Sentencing in USA v. Joshua VanDyk at the U. S. District Court for the Eastern District of Virginia.

USA v. Patrick Poulin: Plea Agreement

July 11, 2014

Plea Agreement in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

USA v. Patrick Poulin: Statement of Facts

July 11, 2014

Statement of Facts in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

USA v. Patrick Poulin: Criminal Information

July 11, 2014

Criminal Information in USA v. Patrick Poulin at the U. S. District Court for the Eastern District of Virginia.

Eric St-Cyr admits Cayman/TCI laundering scheme, Patrick Poulin set to do same

June 30, 2014

Canadian Eric St-Cyr has become the second of three defendants to plead guilty to conspiracy to commit money laundering in a scheme involving the Cayman Islands and Turks and Caicos Islands, while the third defendant - TCI-based attorney Patrick Poulin - is due to plead guilty on July 11.

USA v. Eric St-Cyr: Statement of Facts

June 27, 2014

Statement of Facts in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

USA v. Eric St-Cyr: Plea Agreement

June 27, 2014

Plea Agreement in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

USA v. Eric St-Cyr: Criminal Information

June 27, 2014

Criminal Information in USA v. Eric St-Cyr at the U. S. District Court for the Eastern District of Virginia.

‘Plea Agreement Hearing’ set for money laundering defendant Eric St-Cyr

June 19, 2014

Canadian Eric St-Cyr looks set to become the second defendant to admit money laundering in a scheme involving Cayman Islands-based Clover Asset Management and Turks and Caicos Islands-based law firm Bishops Legal.

Investment adviser admits laundering ‘criminal proceeds’ through Cayman & TCI firms

June 16, 2014

Investment adviser Joshua VanDyk has admitted conspiring to commit money laundering with his former boss in the Cayman Islands, Eric St-Cyr, and a Turks and Caicos Islands-based attorney, Patrick Poulin. VanDyk faces up to five years in prison.

USA v. Joshua VanDyk: Statement of Facts

June 12, 2014

Statement of Facts in USA v. Joshua VanDyk at the U. S. District Court for the Eastern District of Virginia.

Cayman investment adviser Joshua VanDyk due to plead guilty

June 11, 2014

Joshua VanDyk, who was a Cayman Islands-based investment adviser until he was arrested in Miami three months ago after being indicted for money laundering, is due to plead guilty tomorrow at federal court in Virginia.