Overseas Development Bank and Trust

Dominica regulators take over Investors Bank and Trust

August 31, 2002

Investors Bank and Trust Ltd., formerly known as Overseas Development Bank and Trust Ltd., has been taken over by regulators in its home jurisdiction of Dominica.PricewaterhouseCoopers was appointed controller of the bank on August 20, 2002 because IBT was "insolvent" and "unable to meet its obligations", according to Prime Minister Pierre Charles.

Abraczinskas and West sentenced, Giraud, Boeger and Requena plead guilty

May 31, 2002

Two offshore bankers have been given lengthy prison sentences in the United States for money laundering. The stiffest sentence was given to William J. Abraczinskas, who was sentenced on May 20 to 121 months in prison, three years of supervised release

Three offshore bankers plead guilty to money laundering

May 15, 2002

Dominica-based offshore bankers Julien Giraud, Brian Boeger and Rodolfo Requena have all pleaded guilty to money laundering offenses at Federal Court in Miami, Florida.Giraud and Boeger were both involved with Overseas Development Bank and Trust, while Requena is the former CEO of British Trade and Commerce Bank (in Receivership).

USA v. Leo Malcolm West: Defendant’s Sentencing Memorandum

May 1, 2002

Defendant's Sentencing Memorandum in USA v. Leo Malcolm West at the U. S. District Court for the Southern District of Florida.

Updates on cases against Giraud, Boeger, Downes, Butson and Nano

February 28, 2002

Following the convictions of William Abraczinskas and Malcolm West for money laundering only three months after their arrest, five more offshore bankers who were indicted in the same month must wait to see how the cases against them develop. Julien Giraud, of Dominica; Brian Boeger, of the United States; Richard F. Downes and Pamela Butson, who live in Spain; and Thierry Nano, formerly of St. Vincent & The Grenadines, all still have cases pending.

USA v. Malcolm West: Plea Agreement

February 8, 2002

Plea Agreement in USA v. Leo Malcolm West at the U. S. District Court for the Southern District of Florida.

Four offshore bankers arrested, two more on the run

November 30, 2001

Four offshore bankers were arrested by United States law enforcement agencies in November and charged with money laundering.Two more have also been charged with money laundering but are still at large after warrants were issued but not executed.Those arrested were

USA v. William Abraczinskas et al: Criminal Indictment

November 26, 2001

Indictment in USA v. William Abraczinskas and Leo Malcolm West at the U. S. District Court for the Southern District of Florida.

USA v. William Abraczinskas: Criminal Complaint

November 14, 2001

Criminal Complaint in USA v. William Abraczinskas at the U. S. District Court for the Southern District of Florida.