Global Financial Advisors Network, LLC

Accountants in the Cayman Islands and the British Virgin Islands have been accused of conspiring with Miami-based law firm Greenberg Traurig and others to swindle one group of clients in favor of another in a scheme involving two offshore insurers - BVI-based Boston Life and Annuity and Bancroft Life & Casualty, of St. Lucia.

Complaint in Leo Ford and Boston Life and Annuity Company Limited v. KPMG LLP, Belmont Insurance Management Ltd., Kris Beighton, Casey McDonald, Andrea Douglas, Bancroft Property & Casualty, Ltd., a.k.a. Bancroft Life & Casualty Ltd. and Bancroft Life & Casualty ICC, Ltd.; Greenberg Traurig, P.A., Greenberg Traurig, LLP, Jerome Hesch, Bradley Barros, Philip Sigel, Global Financial Advisors Network, LLC, and Association Benefits Group, Inc. at the U. S. District Court for the Southern District of Florida.

Offshore insurer Bancroft Life & Casualty and its principals, Miami tax attorney Phil Sigel and Delaware insurance advisor Brad Barros, have been accused of perpetrating a massive tax shelter fraud against its customers, the IRS and regulators in St. Lucia.

Counterclaim by Intercontinental Management, Ltd. d/b/a Intercontinental Captive Management Company, Ltd., Intercontinental Management Ltd., The Roberts and Patton Law Firm, John R. Patton, George Thomas Roberts, and Nigel Bailey against Phil Sigel, Brad Barros, Loren Cook, Andrew Watson, Gail Sigel, Nicholas John, The Bancroft Trust, Association Benefits Group Inc., Global Financial Advisors Network LLC, and Stuart Anolik, at the U. S. District Court for the Western District of Pennsylvania.