Paul Sutta

Four people have been criminally indicted in relation to an alleged Ponzi scheme involving Grenada that investigators say defrauded at least 700 investors out of more than $39 million. Two of the main vehicles allegedly used in the scheme were Grenada-registered Rahab Trust and Management Company and Caribbean Merchant Bank, whose banking licenses were revoked last year.

A Venezuelan businessman who was CEO of Dominica-based British Trade and Commerce Bank before it was forced into Receivership has been charged with money laundering in the United States. Rodolfo A. Requena, 51, was arrested on November 13, 2001 after a sealed complaint was filed against him eight days earlier at the United States District Court for the Southern District of Florida, in Miami.