Kent Bascome

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A fool and his money …

July 17, 2004
Like lambs to the slaughter, scores of Americans and Canadians will be led to Bermuda in December for a financial culling arranged by an organization formerly known as the Global Prosperity Group. They are being lured to a seven-day conference on the promise that they will learn 'little-known' secrets about investing offshore that the wealthy of the world have hitherto selfishly kept to themselves, not wanting the ‘little man' to prosper.

Ex-janitor who ripped off Bermudians sentenced to 30 years in prison

July 31, 2003
A former janitor whose groups persuaded Bermudians to cash in their pension plans and invest in fraudulent 'get-rich-quick' schemes has received a 30-year prison sentence in the United States.John Wayne Zidar, 60, of Gardnerville, Nevada, orchestrated a Ponzi scheme that took in approximately $74 million from about 3,200 people in the United States, Bermuda and other countries.

Global Prosperity Group representatives agree to turn in clients to IRS

March 31, 2003
Two senior members of the tax evasion/investment fraud organization known as the Global Prosperity Group and the Institute of Global Prosperity, one of whom organized a conference in Bermuda in 1998, have pleaded guilty to tax evasion in the United States. Worryingly for tens of thousands of U. S. residents who are believed to be IGP clients, Margo E. Jordan and Shoshanna B. Szuch have agreed to co-operate with investigations into others in return for leniency.

Three convicted drug dealers own preferred shares in The Harris Organization

August 31, 2002
New evidence obtained by OffshoreAlert shows that THREE convicted drug dealers are beneficial owners of the British Virgin Islands-registered parent of The Harris Organization financial services group. The traffickers all own preferred shares, which purport to pay annual interest of 10% in the case of Wallace Stull and James Somerville, and 7% for Lawrence Boulanger.