Lancorp Financial Fund Business Trust

Texas based offshore investment promoter Gary Lynn McDuff has been indicted for alleged money laundering for the third time in 19 years at federal court in the United States. The latest indictment against McDuff was brought at the U. S.

A United States national already under investigation in the United Kingdom for a fraud involving an offshore bank is being investigated in the U. S. for another apparent scam involving more than $10 million.The latest exploits of Gary Lynn McDuff, 51, of Deer Park, Texas, are outlined in a subpoena-enforcement action filed by the SEC at the U. S. District Court for the Northern District of Texas on March 10, 2006.

Two businessmen who previously helped to operate the now-defunct, scandal-ridden Overseas Development Bank & Trust in Dominica are involved in a new investment scheme in the United States. Terence de'Ath, a British national, and Gary Lynn McDuff, a citizen of the United States, are behind The Avenger Fund Business Trust, which was formed in Nevada on March 22, 2002.