Robo Enterprises

Kentucky based former car salesman and offshore investment promoter David Graham Rose has pleaded guilty to 21 counts of fraud and one count of tax evasion. In a plea agreement at the U.S. District Court for the Western District of

More than six years after OffshoreAlert first reported about his activities, a notorious promoter of oil and gas-related investment schemes at offshore conferences has been criminally indicted in the United States. Former car salesman David Graham Rose, 58, of Bowling Green, Kentucky, was indicted on 15 counts of frauds and swindles, six counts of wire fraud, and one count of civil forfeiture at the U. S. District Court for the Western District of Kentucky on January 23, 2008. If convicted, Rose faces a maximum prison sentence of 440 years and fines of up to $5.5 million.

OffshoreAlert long ago exposed the fraudulent oil and gas-related securities offerings of Kentucky-based conman David Graham Rose, who raised a substantial amount of his millions of dollars at offshore seminars, including those organized by the now-defunct Global Prosperity Group, a.k.a. Institute of Global Prosperity.Now he has been exposed by his local newspaper, the Courier-Journal, in Louisville, Kentucky, which published more than a dozen, in-depth articles about Rose and his business empire over March 19 and 20, 2006.

Two prominent Bermuda businessmen were arrested at their offices on May 6 by police investigating the alleged theft of $145,000 from a development company. They are Arthur Jones, 52, who owns Bermuda's biggest realtor, Coldwell Banker JW Bermuda Realty, formerly

Deloitte & Touche has offered $32 million to settle a class action lawsuit filed on behalf of shareholders of the British Virgin Islands registered Manhattan Investment Fund who bought shares between October, 1995 and January, 2000. D&T's Bermuda office audited

Nevis Premier Vance Amory seeks independence yet again, Panama ignores multi-million dollar frauds against foreigners but leaps into action when foreigners defraud locals of a relative pittance, U. S. helps BVI authorities obtain evidence against Canadian national Terry Turl, judgment for $2.7 million entered against David Rose, criminal proceedings in Texas against Yank Barry take another extraordinary twist, Towry Law seeks to recover £30 million defrauded from clients, Grenada intends to revoke license of Bank Crozier, Patrick English ordered to testify at trial of civil action involving the Bank of Bermuda, criminal action stated against Dnipropetrovsk, Ukraine branch of Parex Bank, Cayman prosecutors drop money laundering charges against Melvin Taves because of his age, and Banca del Gottardo files complaint in Switzerland against unnamed parties who alleged that it held accounts in the name of ousted Iraqi President Saddam Hussein, including one in the Bahamas. 

A civil complaint alleging securities fraud has been filed in the United States against a firm whose unregistered shares are sold at offshore events.It is the latest in a long line of controversies surrounding Sunclear Energy Inc., its bankrupt affiliate

Letter to the Editor of OffshoreAlert from Randy Akers, President, Sunclear Energy Inc.

OffshoreAlert has received a letter from an Arizona based client of Grenada licensed Cornerstone International Savings and Investment Bank, which was taken over by the Grenada authorities on April 25, 2002 - AFTER the bank's principals had already disappeared without

An oil and gas company which was promoted as an investment opportunity at Institute of Global Prosperity conferences has filed for bankruptcy amid allegations of fraud.Robo Exploration Inc., a.k.a. Robo Enterprises Inc., filed for Chapter 11 bankruptcy protection at the United States Bankruptcy Court for the Western District of Kentucky on October 23, 2001.