Tee to Green Golf Parks Inc.

A former business associate of Bermuda insurance executive Robin Spencer-Arscott has been sentenced to 57 months in prison in the United States for defrauding victims out of $10 million in an insurance scam. At his sentencing hearing on December 15, 2006 at the U. S. District Court for the Western District of New York, Steven D. Blumhagen received prison terms of 57 months for conspiracy to defraud the United States and 48 months for fraud, with both sentences to run concurrently. He had pleaded guilty on April 18, 2006.

The potential embarrassment that Bermuda avoided by not granting a license to Robin Spencer-Arscott's Resource Underwriters in 1997 has been hammered home by an SEC lawsuit filed in the United States.The man whom Spencer-Arscott claimed was providing Resource's $30 million start-up capital, New York State-based Steven Blumhagen, has been accused of masterminding a $12 million investment fraud.Steven D. Blumhagen and his wife, Susan, who are both 50, are defendants in a civil lawsuit filed last year at the United States District Court for the Western District of New York.