The International Bank of Miami

Complaint in GDG Acquisitions LLC, a Florida corporation that is managed by Belize attorney Glenn D. Godfrey, v. The Government of Belize at the U. S. District Court for the Southern District of Florida.

Article based on an application to collect evidence for a criminal investigation into alleged corruption by former Guatemala president Alfonso Antonio Portillo Cabrera - pursuant to two requests for judicial assistance from Guatemala - that was filed at federal court in the USA on May 23, 2008. Individuals and businesses mentioned in the request for assistance include Alfonso Antonio Portillo Cabrera, Eduardo Arevalo Lacs, Enrique Rios Sosa, Sergio Hugo Cardenas Sagastume, Maria Eugenia Padua Gonzalez, Otilia Portillo Padua, Juan Jose de Leon Piñeda, Jose Armando Llort Quiteño, Credito Hipotecario Nacional de Guatemala Bank, Salomon Abraham Molina Giron, Corporacion Financiera Americana, Confia International Corp., Corporacion Electronica de Guatemala, Banco Bilbao Vizcaya Argentina, Audi Bank, Bank UBS Luxembourg NLU, Excell Life International, The International Bank of Miami, The Oxxy Bank Ltd., Oxxy Financial Corp., The Transcom Bank Ltd., Hamilton Bank, Riggs Bank, Bibliotecas  residenciales Para La Paz, and Mario Rolando Torres Marroquin.

ARGENTINA: Another look at real estate; BRAZIL: Violence in the Favelas; COLOMBIA: One Araújo replaces another; EL SALVADOR: The “other” transport taxes; GUATEMALA: Murder, corruption and politics; HONDURAS: New transparency law unsatisfactory; REGIONAL: Fine for Miami bank; The bank serves mainly the South of Florida, Central America and the Caribbean; and VENEZUELA: Poverty in wealthy countries.

The Government of Belize is being sued in the United States as part of a battle for control of the island's national telecommunications carrier that involves Michael Ashcroft, the former Treasurer of the Conservative Party in the United Kingdom. The lawsuit was filed at the U. S. District Court for the Southern District of Florida on February 16, 2005 - seven days after the Government seized control of Belize Telecommunications Ltd. from its majority shareholder, Belize Telecom Ltd., which is controlled by American businessman Jeffery Prosser, a 48-year-old resident of the U. S. Virgin Islands and Florida who owns multiple telephone, newspaper, banking and telecommunications assets in the Caribbean.

The latest phase of what is turning out to be one of the most extravagant offshore frauds ever involves the sale of shares over the Internet, supposedly to finance a 120-room luxury resort hotel in Grenada and an on-line casino. Investors in the resort project are "guaranteed" annual dividends of between 25-30 per cent, depending on the amount invested, even before anything has been built, while shareholders of the casino venture are promised 35 per cent annually.