U. S. dentist imprisoned for offshore bank fraud
US dentist Noel Tait, who operated a fraudulent offshore bank licensed in Grenada, has received a prison-term in the United States.
Grenada offshore banker receives prison sentence
A U. S.-based businessman has been sentenced to 34 months in prison for defrauding $1.2 million from clients of his offshore shell bank.Douglas Castle, a principal of Grenada-licensed Windsor International Bank & Trust, was also ordered to pay $1.2 million when he was sentenced on June 25, 2003 at the U. S. District Court for the Eastern District of Pennsylvania.
Offshore bankers plead guilty to fraud
A dentist and his accomplice who defrauded $1.2 million from clients of their Grenada-licensed offshore shell bank that was capitalized with just $300 have entered into plea agreements in the United States. Dr. Noel E. H. Tait and Douglas E. Castle each pleaded guilty to one count of wire fraud at the U. S. District Court for the Eastern District of Pennsylvania on March 14 and March 27, 2003, respectively.
Two more Grenada offshore bankers charged with fraud
Two principals of a Grenada-licensed offshore bank whose directors included a former Governor-General, an ex-Prime Minister and two Justices of the Peace have been criminally charged in the United States. Noel E. H. Tait, a former staff dentist with the Department of Corrections in Washington D. C., and Douglas E. Castle were each charged with one count of wire fraud on January 30, 2003 at the U. S. District Court for the Eastern District of Pennsylvania.
Insider Talking: November 30, 2002
The British Columbia Securities Commission has scheduled a hearing for December 10 11, 2002 to consider applications to vary asset freeze orders relating to accounts at the Bank of Montreal in Vancouver that were frozen in 2000 as part of
Insider Talking: June 30, 2001
The First International Bank of Grenada loaned $30,000 to the wife of Grenada's then chief regulator, Michael Creft, so that she could buy a car and another $50,000 to the then President of the Grenada Bar Association, Reynold Benjamin, according to a document sent to OffshoreAlert; Dean Cantrell and Marcel Deinnet snap up domains in names of countries in the Bermuda-Caribbean region, fraud complaint filed against 'offshore banker' Douglas Castle, 72-year-old convicted fraudster is back in business, SEC continues trend of failing to menaingfully punish accused fraudsters, First Ecom.com Inc. acquires half of First Ecommerce Data Services Ltd. that it did not already own, Antigua gaming outfit World Sports Exchange Ltd. sues County Savings Association over three checks that allegedly bounced, First American International Bank becomes latest offshore bank to be operated in Nevis without a license by Global Dominion Financial Services, and Latvia-based Paritate Bank appears to be in financial trouble.
OffshoreAlert is ‘an affront to the integrity of journalism’, says Windsor Int’l Bank & Trust chairman
Letter to the Editor of OffshoreAlert from Noel Tait, Chairman of Windsor International Bank and Trust Ltd.
Grenada bank with dignitaries as directors implicated in fraud
AÂ bank whose directors include an ex-Prime Minister, a former Governor-General and two Justices of the Peace has become Grenada's latest offshore financial institution to be implicated in fraud. A promoter and 'Honorary Director' of Windsor International Bank & Trust, Douglas E. Castle, is being sued in the United States for allegedly defrauding a client of $244,636.