Verlin D. Swartzendruber, 58, has joined the growing band of Americans who have obtained Grenada passports under second names and started raising funds from the island with the lure of high returns.
Under his new name of Joseph Severin, Swartzendruber runs Grenada-registered Preferred Trust and Management Ltd, which raises money through continuous stock offering in various companies it manages.
Articles Banks & Trusts Featured Fraud Grenada InvestmentDecember 31, 2001
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Amtrade International Bank Cinnamon Hill Development Ltd. Joseph Severin National Commercial Bank Preferred Group Ltd.