Global Asset Partners Ltd.

A default judgment for $3.9 million has been entered in the United States against a now-defunct 'credit union' domiciled in Panama and purportedly operated from Nevis that received proceeds from a securities fraud.The judgment was entered against relief defendant Prosperitas Internationale Credit Union at the U. S. District Court for the Western District of Washington on July 24, 2008 in a civil action prosecuted by the U. S. Commodity Futures Trading Commission. Prosperitas Internationale was served on October 12, 2007 through one of its officers, Bruce Hawkins, a resident of Gig Harbor, Washington, but never entered an appearance in the case, according to the CFTC.

A sham offshore ‘credit union' that was controlled by the now-defunct, fraudulently-operated Global Prosperity Group received $3.8 million from a United States-based investment scam, it has been claimed.Prosperitas Internationale, described as “a purported ‘credit union' purportedly operating out of Nevis”, has been named as a relief defendant in a complaint for a permanent injunction that was filed by the U. S. Commodity Futures Trading Commission at the U. S. District Court for the Western District of Washington on August 1, 2007.

Bahamas-domiciled Global Asset Partners Ltd., which described itself as "a private asset management company located in The Bahamas", has had its assets frozen in the United States.The freeze order was issued after a lawsuit was filed against the firm by the SEC at the US District Court for the Southern District of Florida on September 28, 2001.