International Bright Investment, Ltd.

The United States Department of Justice is conducting a criminal investigation into the collapse of a Costa Rica-based investment fund which collapsed with up to $50 million of investor funds missing.The existence of the investigation has been acknowledged in at least two letters sent this year from insiders to investors in The Genesis Fund Ltd., which is incorporated in Nevis.

An ordinary IBC in Nevis that operates as an unlicensed mutual fund has collapsed owing an estimated $50 million to approximately 1,100 shareholders.Approximately $100 million is believed to have gone into The Genesis Fund Ltd. but about half of it was repaid as interest payments, according to a client's representative.

The Genesis Fund Ltd. Equity Recovery Plan - September 24, 2002