DataBank International

More than two years of legal action involving parties related to Bermuda-based Mezzanine Capital has been wasted, with a US judge expected soon to rule that a lawsuit be moved from Federal to State court. Nevada-registered plaintiff Voice Media Inc., which has alleged racketeering against several defendants, intends to continue its civil action at the lower court, OffshoreAlert has been told.

A Bermuda Stock Exchange-listed company whose minority shareholders include subsidiaries of the Bank of Bermuda and financial services firm Lines Overseas Management is caught up in what appears to be a scheme to defraud investors on the NASDAQ over-the-counter market, Offshore Alert can disclose. We have uncovered an astonishing list of proven abuses and allegations of fraud and dishonesty against individuals and companies associated with Bermuda-registered investment holding company Mezzanine Capital Ltd., including its Chairman and President, Eric Chess Bronk, although we have found nothing to incriminate LOM or the Bank of Bermuda.