Michael Day

Miami expenses of Cayman officers helped seal Bank of Bermuda’s fate

July 31, 2001

Expense accounts and management reports handed over in discovery weighed heavily against the Bank of Bermuda (Cayman) in its fight to avoid United States jurisdiction in the Cash 4 Titles litigation.In one report, the Bank's management stated: "Miami continues to grow in importance as a location with potential business and we are now working with a number of relationships with a Miami presence."

Bank of Bermuda (Cayman) officers fired over handling of client accounts

March 31, 2000

Three officers of the Bank of Bermuda (Cayman) have been fired following an internal investigation into the bank's handling of accounts controlled by allegedly crooked client Michael Gause. The Bank of Bermuda confirmed that it terminated the employment of Michael Day, Marc Vanmarsenille and David Spohr on December 8, 1999 following their suspensions a month earlier.

Three Bank of Bermuda officers suspended as part of Cash 4 Titles investigation

November 30, 1999

Three officers of the Bank of Bermuda (Cayman) have been suspended on full pay pending an internal investigation into the bank's links with an alleged criminal. The bank suspended Michael Day, Marc Vanmarsenille and David Spohr shortly after one of its clients, Michael Gause, was arrested in Florida on October 15.

Irish authorities seek confidential bank information on Charles Haughey in Cayman

May 28, 1997

The authorities in Ireland were waiting anxiously this week to see if the Grand Court of the Cayman Islands will give them permission to interview Cayman bankers and auditors who may have information about alleged illegal payments to former Irish Prime Minister Charles Haughey.