Jan Ward

Prosecutors in Canada say are likely to proceed with kidnapping charges against three men, including a Bahamas resident, despite the suicide of the person they allegedly kidnapped.Geoffrey Hamilton Warne, 41, who has been implicated in an offshore investment fraud, died

A man who was kidnapped earlier this year in a dispute over a fraudulently-operated offshore mutual fund has committed suicide.Geoffrey Hamilton Warne, 41, died at his home near Kingston, Ontario on October 4.

A Canadian businessman who offers unlicensed investment products and services through Bahamas-registered IBCs is under fire from a client who lost $50,000 in suspicious circumstances. David M. Voth's group received funds from Bahamas-registered Geebung Corporation in December, 1998 for investment in a scheme that offered a 25 per cent return per quarter for 12 months.

Offshore Alert has uncovered another dubious investment fund being promoted by The Harris Organization financial services group of Panama. The objective of the Washington Pacific Investment Fund is "to achieve a rate of return of 100% per annum" by investing in "mortgage backed securities and liens", according to a prospectus.

Finance Merchants Bank sells 'paper' banks for between $29,000 and $100,000 each, Imperial Consolidated Securities threaten litigation against individual members of the Bahamas Securities Commission, wheels falloff Bahamas-registered International Financial Privacy Association Ltd., liquidators for the Bank of Credit and Commerce International Overseas Ltd. announce third payout to creditors, First Cayman Bank creditors receive first dividend of 25 cents in the dollar.

International Financial Privacy Association's '6,000 square foot' office building fails to materialize, fraudulently-operated World Investors' Stock Exchange shamelessly targets the elderly, Imperium Bank offers double-digit annual returns, Cayman Islands Court of Appeal upholds decision to remove Chris Johnson and Nick Freeland as liquidators of local Cash 4 Titles firms, Eugene Chusid's Digital Commerce Bank, John Bourbon and Valia Theodoraki appointed heads of Cayman Islands Monetary Authority and Cayman Islands Stock Exchange, respectively; Nigel Scott Grant - sorting out fact from fiction on his Curriculum Vitae.