David Norvel Willerton

The United Kingdom Serious Fraud Office arrested five former insiders with the Imperial Consolidated Group during February. Lincoln Julian Fraser, 32; David Norvel Willerton, 30, who is Fraser's boyfriend; Jared Bentley Brook, 34; and one other person, believed to be a woman, were all arrested in Lincolnshire, England, on February 3, 2004. Three properties were also raided by police.

Three former officers of the Imperial Consolidated Group have been arrested and released on police bail in the United Kingdom, Offshorealert has been told. Lincoln Julian Fraser, 32, and his boyfriend, David Norvel Willerton, 30, both of Binbrook, Lincolnshire, England; and Jared Bentley Brook, 34, of Grimsby, Lincolnshire, England, were all arrested and their homes raided on Tuesday, February 3, 2004, according to two sources. OffshoreAlert understands that they have not yet been charged.

Michael Gilbert, who was severely criticized by a New Zealand judge in a recent court ruling (see separate story), is part of a reorganization that involves the Imperial Consolidated Group and companies with the prefix 'Alpha'.The firm that he is a director of changed its name from Imperial Consolidated (New Zealand) Ltd. to Alpha Equities Asia-Pacific (NZ) Ltd. on November 29, 2001.

Three weeks after OffshoreAlert exposed their role in a failed hotel in England, Lincoln Fraser and Jared Brook resigned their positions with the UK-based Imperial Consolidated Group. The resignations of Fraser and Brook as Chairman and Chief Executive Officer, respectively, of Imperial Consolidated was announced in a press release dated April 23.