Intervest Capital Ltd.

Two British insurance consultants with close ties to Bermuda are being investigated for an alleged multi-million dollar fraud that could have as many as 40,000 victims in the UK and Europe. Former Bermuda residents Simon John Samuels, 44, and Charles Gordon-Seymour ran the failed Intervest Capital group, which was headquartered in Las Vegas and had a marketing arm in the UK.

Regulators might want to take a close look at Bermuda-based insurance management firm Sussex International Ltd. following the collapse by fraud over the last six months of an Antigua-registered insurer and another company based in Nevada.All three were run by Charles Gordon-Seymour, a discredited British businessman and former Bermuda resident whose ventures frequently collapse in suspicious circumstances with debts of millions of dollars.