James Michael Hanks

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Allegations

Insider Talking: April 5, 2007

Former Bahamas-based money manager Martin Tremblay receives a 48-month prison sentence for money laundering, Richard E. Busch, Jr. is extradited from the Republic of Panama to Alabama to face securities charges, clients of Julius Baer Holding AG are being investigated by German tax authorities after a former employee in the Cayman Islands stole data and turned it over to the authorities, and Bermuda Stock Exchange-listed Ashby Corporation announces collapse of deal to sell Bahamas Film Studio to Bahamas FilmInvest International.

Former Harris Organization officer admits role in Millennium Fund scam

Bill Amos, a former officer with The Harris Organization financial services group of Panama, has pleaded guilty to one count of conspiracy to commit securities fraud in the United States. Amos, 49, whose full name is William Earl Amos Jr., admitted the charge last year and has already been sentenced, said a spokesman for the U. S. Attorney's Office in Alabama.