Innovative Financial Consultants

A trust promoter with a history of involvement in fraudulent offshore investment schemes has been sentenced to seven years in prison in the United States.Dennis Poseley, a former resident of Phoenix, Arizona, was also fined $175,000 at his sentencing at the U. S. District Court for the District of Arizona on June 29, 2006.

A businessman who has been involved with at least two fraudulent offshore investment schemes has been criminally indicted in the United States. Dennis O. Poseley was indicted on one count of conspiracy to defraud the United States at the U.