Steven Shane Nichols

Two Bank of Bermuda clients who once ran an illegal gaming business from an office of Hemisphere Management before it was bought by Mutual Risk Management have gone on trial for another scheme.Lewis Denton Rowe, 75, and Patrick Thomas Tibbetts,

Alleged Cash 4 Titles Ponzi scheme insider Patrick Thomas Tibbetts, who is currently on trial for money laundering in the Cayman Islands, has been criminally indicted in the United States.Tibbetts, a 51 year old U. S. national who lives on

Two weeks after an article in the September 30th edition of OffshoreAlert about a Bahamas-based mutual fund - Olympia Fund - that invests in a business known as Cash 4 Titles, C4T's funds were frozen following criminal and civil action in the United States.The problems came with the arrest in Fort Lauderdale on October 15 of Michael E. Gause, who helps to run the underlying business in which the fund invests.