Crowne Guardian Bank

Two companies that at one time or another have been controlled by imprisoned offshore fraudster Terry Neal are plaintiff and defendant in litigation filed recently in the United States.One of them, Crowne Gold Inc., claims that the other, Nevis American Trust Company Ltd., was involved in a conspiracy to defraud it of at least US$2.5 million.

The U. S. Government has applied for summary judgment in its forfeiture complaint regarding gold and silver bars and coins seized during a criminal investigation into former offshore provider Terry Neal. The motion was filed at the U. S. District

A legal battle is taking place in Oregon for possession of gold and silver bars and coins that were seized during a raid on the offices of companies associated with offshore provider Terry Neal. The United States Government is seeking to take permanent possession of the property, worth approximately $225,000 at current prices.

Offshore services provider Terry Neal, who has been criminally indicted in the United States for alleged tax evasion, said he expects to be charged with further offenses. "In court, the IRS was quite open about the fact that they hoped to amend the complaint with which they have charged me to include all kinds of nefarious acts, as yet unnamed," he told OffshoreAlert. "Of course, the real reason for the government's angst has much more to do with my critical writing regarding IRS abuse as set forth in numerous published newsletters, magazine articles and my several books."

Letter to the Editor of OffshoreAlert from Morison Anderson LLC.