Gary Cobe

No mention of SEC's securities fraud investigation in publicly-listed Lines Overseas Management's half-monthly letter to shareholders; Fraudster Maurice Lewis Mills loses a civil lawsuit that was filed against him by the Commodity Futures Trading Commission; Former offshore provider David Hampton Tedder indicted again; Former banker Mohamad Harajchi claims to have contributed $10 million to the Progressive Liberal Party to fund its successful general election campaign in the Bahamas in 2002; US Gov't tries to kick-start its stalled criminal action against Yank Barry and James Collins; Leadenhall Bank & Trust says its viability has not been affected by the loss of its MasterCard license and its legal dispute with former card administrator Axxess International over the return of millions of dollars of deposits to card-holders; and Axxess International appears to have gone out of business.

The U. S. Government has filed a motion asking a federal judge to sentence Yank Barry, an offshore promoter, and James Collins, a former Executive Director of the Texas Department of Criminal Justice. More than 28 months after they were both convicted of conspiracy, bribery and money laundering at federal court in Houston, Texas on August 20, 2001, Barry and Collins have still not been sentenced.