Gibraltar Permanente Assurance

The Receiver for Merrill Scott & Associates, which operated from the Bahamas and Utah, has obtained a temporary restraining order against a break away group set up by some of the firm's former principals. The order was issued at the

A United States court has appointed a receiver for and frozen the assets of an offshore investment group that has been accused by the SEC of operating a Ponzi scheme that took in at least $25 million. David K. Broadbent was appointed receiver on January 23, 2002 for the defendants in a civil lawsuit that had been filed eight days earlier by the SEC at the U.S. District Court for the District of Utah.