Janis Marshall

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Allegations

Unregistered offering in the name of Bahamas mail-drop firm

Bahamas-based A.S.A.P. Services Ltd., which provides mail-drop and 'virtual office' services, is conducting an unregistered share offering that values the four-year-old firm at $45 million.Investors are being solicited to invest in a "pre-IPO" offering of five million shares - said to represent 11 per cent of the firm's common stock - at $1 per share.

Insider Talking: August 31, 2000

Granger Brewster Whitelaw, the founding CEO of one of Bermuda's first e-commerce companies, EOCnet.com, pleads guilty to a criminal misdemeanor in New York, arrest warrant issued for Canadian chartered accountant Steven Brown following fraud investigation in the Turks & Caicos Islands, Panama Attorney General Jose Antonio Sossa orders arrests of four journalists, liquidators of Bermuda-based Telecheck group complete liquidation, Imperial Consolidated (Bahamas) boss Bill Godley receives compensation of $65,000 per month.