New World Trust

Application by Richard A. Hayward and Susan J. Heath, sons of deceased Bahamas-based, British businessman Jack Hayward, individually and on behalf of certain other beneficiaries of the Lydhurst Settlement, the Lydhurst 1993 Settlement, and the Dunmaglass Settlement, to take discovery from Patricia Ruth Bloom, described as "Sir Jack's long-time partner" and executrix of his estate, regarding, inter alia, their father's "financial troubles" and "irrational" behavior involving his investment in English soccer team Wolverhampton Wanderers prior to his death for use in contemplated legal proceedings "in England or the Bahamas", filed at the U. S. District Court for the Southern District of Florida.

Indictment in USA v. Peter Rogan and Frederick M. Cuppy at the U. S. District Court for the Northern District of Illinois.

USA's Statement of Material Facts, including an affidavit from Matthew Gibbons, of Oceanic Bank and Trust Limited (Bahamas), in the case of USA v. Peter Rogan at the U. S. District Court for the Northern District of Illinois.

The Zurich Financial Services Group has accused PricewaterhouseCoopers (Bahamas) of failing to pursue claims against several parties who were involved in a failed offshore investment fund.It claims PwC has taken no legal action against the administrator or directors of the

Investors in a failed Bahamas-based investment fund have filed a lawsuit in the United States in which they are seeking to recoup $9.8 million of losses.The plaintiffs are investors in M. J. Select Global Ltd., which is in liquidation after suffering total losses of "at least $30-$40 million", according to the complaint.Several of the many defendants are based in the Bahamas, including M. J. Select Global Ltd., Oceanic Bank & Trust Ltd., Citco Fund Services (Bahamas) Ltd. and Lion Corporate Services Ltd.

Rampart Securities, a Canadian stock brokerage which is said to be owed at least US$2 million by Atlas Securities of the Turks & Caicos Islands, has had its "membership rights and privileges" suspended by the Investment Dealers Association of Canada; Regulators in St. Vincent have revoked the Class I international banking license of Maxi Bank Inc.; A Canadian crook who goes by the name of 'Sir Daniel Kingsley Lear' has been involved in a bizarre tax fraud trial in Manitoba, Canada; Four more people have been sentenced for their involvement in a $64 million fraud carried out in the names of Hammersmith Trust, Microfund and Luxor Capital Markets; Bahamas-based Oceanic Bank and Trust Limited has opened a marketing office in London, England; and La Comisión Nacional de Valores in Panama has launched investigations into the activities of Morrison Cross Financial Investment Ltd. and Britex International Ltd.