VP Bank

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FCI Markets Inc.: Chapter 15 Petition (British Virgin Islands)

May 14, 2021
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Paul Pretlove, of Kalo (BVI) Limited, as the Foreign Representatives of FCI Markets Inc., described as part of "a group of Dubai-based forex trading companies ... known as Exential Group" that was found by a Dubai court to be "a Ponzi scheme disguised as a forex trading program" that defrauded investors out of more than $200 million, filed at the U. S. Bankruptcy Court for the Southern District of Florida.

VL Assurance (Bermuda) Ltd. et al: Chapter 15 Petition

April 12, 2021
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Michael Morrison and Mark Allitt, of KPMG Advisory, as the Foreign Representatives of VL Assurance (Bermuda) Ltd., Valor Group Ltd., and Valor Management Ltd., described as Bermuda companies that are part of a group that also includes companies in Barbados, Ireland, Liechtenstein, and the United States and which are "victims of activity perpetrated between 2013 and 2016 by Jason Sugarman - a former director of the VL Bermuda Debtor - and others, including Jason Galanis, that ultimately led to the insolvency of the VL Bermuda Debtors", filed at the U. S. Bankruptcy Court for the Southern District of New York.

U.S. tycoon Robert Brockman indicted for ‘$2B offshore tax fraud scheme’

October 15, 2020
US software tycoon Robert Brockman has been criminally indicted in California for an alleged $2 billion offshore tax evasion scheme involving accounts and entities in Bermuda, British Virgin Islands, Cayman Islands, Nevis, and Switzerland. In a related case, billionaire private equity boss Robert Smith agreed to pay penalties of $139 million to avoid prosecution.

USA v. Robert Brockman: Criminal Indictment

October 1, 2020
Criminal Indictment alleging conspiracy to defraud the USA, tax evasion, wire fraud, FBAR violations, money laundering, evidence tampering, and destruction of evidence regarding an alleged scheme to conceal approximately $2 billion of capital gains income and involving entities and accounts in Bermuda, British Virgin Islands, Cayman Islands, Nevis, and Switzerland, in USA v. Robert T. Brockman, of Houston, Texas, at the U. S. District Court for the Northern District of California.

Awendale Resources Inc. v. Citibank NA et al: Discovery Application (Russia)

December 27, 2017
Application by Awendale Resources Inc. to take discovery of Citibank NA, Standard Chartered Bank, Deutsche Bank Trust Company Americas, and Bank of America NA for use in legal proceedings in Russia against Plant of Hearing Aids "Ritm" OJSC, filed at the U. S. District Court for the Southern District of New York.

VP Bank applies to liquidate MVP Fund of Funds in the BVI

July 9, 2012
Liechtenstein-headquartered VP Bank has applied to have Luxembourg Stock Exchange-listed MVP Fund of Funds Limited placed into liquidation in the British Virgin Islands, where the Fund is domiciled, claiming it is owed US$9.5 million in outstanding loans.

British Virgin Islands: Kevin Sweeney (Alabama)

June 19, 2009
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from the British Virgin Islands - for a criminal investigation into Kevin Sweeney for the suspected theft of funds from his employer, VP Bank.

First Fidelity Group (BVI) accused of bond fraud in US

June 14, 2009
A British Virgin Islands domiciled IBC that operated as an investment fund before being forced into liquidation last year has been accused of defrauding a California corporation, causing its collapse.Details are contained in a civil complaint that was filed at

British Virgin Islands: Kevin Sweeney (Florida)

May 19, 2009
Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from the British Virgin Islands - for a criminal investigation into Kevin Sweeney for allegedly stealing from and defrauding his employer, VP Bank.

United Kingdom: Raymond Burraway

November 24, 2004
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into Raymond Burraway in the United Kingdom for allegedly defrauding the Bank of Nova Scotia and laundering the proceeds.

Insider Talking: May 31, 2004

May 31, 2004
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

Sandra V. Boylan et al v. Kevin McGeever et al: Complaint

October 22, 2003
Complaint in Sandra V. Boylan, Aidan J. Greaney, Paul A. Carnegie, Kevin Cleary, Dale Cochard, John R. Combes, Cynthia Crough, Robert Drake, Eddie Ewell, Ruth Frank, Daniel Zlotnick, Roger Gilmore, Jaime Hamame, Linda Hoitt, Jerry Holladay, Kenyield Limited, Curt Landberg, Helen Louros, Marlow, Davis & Byrd, Ltd., William D. McPeak, Mid America Capital Trust, Ida Ruth Morehouse, Stephen Schulte, Douglas Shortt, A. G. Skinner, Robert Stein, and Paul W. Vandermolen, Jr. v. Kevin McGeever, Douglas Johnson, James C. Sexton, Kenneth J. Adler, Liechtensteinische Landesbank, Gabriel Marxer, James McKiernan, Michael Miller, Raiffeissen Bank, Rudolf Ritter, and James C. Sexton, Jr. at the U. S. District Court for the Northern District of Illinois.

USA v. James Carroll Sexton et al: Criminal Indictment

July 22, 2003
Indictment in USA v. James Carroll Sexton, James Carroll Sexton, Jr., a.k.a. Jimmy Sexton; Rudolf Walter Ritter, and Egon Walter Fink at the U. S. District Court for the Central District of California.

Liechtenstein: Jorge Hugo Reyes Torres

June 15, 2001
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Liechtenstein into Jorge Hugo Reyes Torres and others for suspected money laundering and narcotics trafficking.

Insider Talking: April 30, 2001

April 30, 2001
Attorney David Hampton Tedder, 54, who has spent much of his career involved in offshore finance, including several dubious ventures, is no longer licensed to practice law in the United States. Records kept by the State Bar of California, where