Professional Consultants and Managers

$13.7 m award against perpetrators of offshore reinsurance scam

October 5, 2006

A $13.7 million damages award has been entered in a civil action in the United States against defendants from the United Kingdom, the Bahamas and Cyprus who committed a massive health insurance fraud using sham offshore reinsurers.

Court dismisses offshore insurance fraud indictment

November 4, 2005

A United States federal judge has dismissed a criminal indictment against all eight defendants who were accused of using several offshore reinsurers to commit a $45 million fraud.All 54 counts of conspiracy, fraud and money laundering against Michael Arthur Reeve,

Judge Lynn Hughes dismisses offshore insurance fraud indictment

November 4, 2005

A United States federal judge has dismissed a criminal indictment against all eight defendants who were accused of using several offshore reinsurers to commit a $45 million fraud.All 54 counts of conspiracy, fraud and money laundering against Michael Arthur Reeve,