William Scott Dohan

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Jurisdictions

Allegations

David Gilliland pleads guilty to investment fraud, turns on his co-defendants

A guilty plea has been entered by one of the defendants in an alleged $95 million investment fraud in which funds were allegedly laundered through the Bank of Bermuda in the name of an Antiguan 'paper' bank. Benjamin David Gilliland, of Memphis, Tennessee, pleaded guilty on August 22, 2000 to one count each of conspiracy to commit wire and securities fraud and conspiracy to commit money laundering.

US criminally indicts 11 in alleged $95 million investment fraud

The US government has criminally indicted 11 people, including four attorneys, for an alleged $95 million investment fraud in which money was partially laundered by an Antigua-based 'paper' bank called 'AMPAC Bank and Trust' that maintained accounts with the Bank of Bermuda in Bermuda.