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 Ex-TCI Premier Michael Misick sued by victims of Ponzi scheme
June 15, 2009
Former Turks and Caicos Islands Premier Michael Misick is being sued in Fort Lauderdale by a physician who claims he was defrauded in a TCI-based get-rich-quick scheme.
Full story >>
Cayman resident sues Bermuda Fund auditor & administrator over Madoff losses
June 15, 2009
A Cayman Islands resident has filed a shareholders' derivative complaint in New York against a Bernard Madoff-feeder fund that is domiciled in the British Virgin Islands. The Fund's Bermuda-based administrator and auditor are also being sued.
Full story >>
Millennium Bank investors bring class action against JPMorgan
June 15, 2009
A class action complaint has been filed against New York-based financial services firm JPMorgan Chase & Co. on behalf of victims of a $68 million fraud allegedly perpetrated by Millennium Bank, an offshore bank that was licensed in St. Vincent and the Grenadines.
Full story >>
First Fidelity Group (BVI) accused of bond fraud in US
June 15, 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.
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McGladrey & Pullen (Cayman) sued again over failed Lancelot Investors Fund
June 15, 2009
A second civil complaint in less than three months has been filed against Cayman Islands-based auditor McGladrey & Pullen regarding a failed offshore hedge fund.
Full story >>
Wells Fargo sues Walkers SPV for $3.5 m, alleges negligence in maintaining share register
June 15, 2009
Cayman Islands-based Walkers SPV Limited is being sued by Wells Fargo Bank NA, which claims that a failure to update the share register of a Special Purpose Vehicle has exposed it to damages of $3.5 million.
Full story >>
First Financial International Group (Cayman) sues software developer for $1 m
June 15, 2009
Cayman Islands-based First Financial International Group Ltd. is seeking more than $1 million in damages against a software developer in Oklahoma.
Full story >>
Fourth fraud action against Cayman-domiciled May Daisy Corp.
June 15, 2009
A fourth civil complaint in 11 months has been filed at federal court in Orlando by an investor claiming to have been defrauded in a Forex scheme operated by a Jamaican national using a Cayman Islands corporation.
Full story >>
Agora Group sues over TipsTrader.com
June 15, 2009
Five subsidiaries or affiliates of the Baltimore-based Agora group, which publishes investment newsletters and operates investment clubs that are pro-offshore, are suing a competitor for allegedly misappropriating their intellectual property.
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BVI seeks evidence from banks for investigation into ex-VP Bank clerk
June 15, 2009
The British Virgin Islands is seeking evidence from eight banks in the United States and Puerto Rico for a criminal investigation into a former banking clerk at VP Bank who allegedly stealing $180,000.
Full story >>
Netherlands seeks to identify person who threatened politician on the Internet
June 15, 2009
The Netherlands is seeking evidence from a Kansas-headquartered Internet Service Provider after a threat of violence against a Dutch politician was made on a web-site.
Paraguay seeks evidence at Citibank for fraud investigation
April 7, 2009
Paraguay is seeking information about an account at Citibank from which it is alleged that at least one withdrawal was made 12 days after the account-holder died.
Full story >>
Colombia seeks Bank of America records and BVI company information for corruption investigation
April 7, 2009
Colombia is seeking account records at Bank of America, in Miami, and information about a British Virgin Islands-domiciled IBC called Blackman Overseas Corp. as part of a criminal investigation into alleged corruption by a former mayor of the city of Armenia.
Full story >>
Panama seeks details about BankAtlantic account for fraud investigation
April 7, 2009
Panama is seeking information about an account at BankAtlantic in Miami as part of a criminal investigation into alleged fraud.
Full story >>
Canada seeks evidence from five Michigan residents for fraud trial
April 7, 2009
Canada has requested evidence from five residents of Michigan for a fraud and theft trial in Ontario.
Full story >>
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STAY CONNECTED
 
As offshore financial centers capitulate to US pressure, first steps are "crucial" to a successful tax evasion defense, says top attorney
Article, March 31, 2009 -- The days when U. S. taxpayers could rely on offshore jurisdictions to stymie tax investigations by the IRS are long gone, says a criminal tax defense attorney.
Global interest in OFCs “off the charts”
Press Release , March 26, 2009 -- OffshoreAlert Conference set for record numbers - attendees from 25 countries, major newspapers flock to event - a clear indication of the continuing interest in Offshore Financial Centers around the world and testament to the significance and global impact of the myriad of business transactions that is conducted in and through them.
'Hit the crooks who defrauded you hard and fast', asset recovery attorney advises victims
Article, March 24, 2009 -- The key components of a successful asset recovery attempt speed, aggressiveness, and experience. Every moment lost locating, freezing and repatriating assets back to the estate is money lost forever to the victims.
OFCs are "scapegoats" for the economic crisis, says pro-offshore ex-diplomat
Article, March 16, 2009 -- Major countries such as the United States and the United Kingdom are simply "passing the buck" by blaming Offshore Financial Centers for the global economic crisis and taking steps to close them down.
The 'New Reality': Swiss banks must stop assisting criminals, says attorney
Article, March 10, 2009 -- Switzerland should rely on the quality of its banking system to compete for business globally, not simply a willingness to turn a blind eye to illegal conduct.
"I detected Madoff scam in five minutes", Harry Markopolos tells '60 Minutes'
Article, March 2, 2009 -- Bernard Madoff whistle-blower Harry Markopolos said it took him "five minutes" of looking at records to suspect that former NASDAQ chairman was perpetrating a fraud and another four hours to mathematically prove it.
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CNN Video on Offshore Tax Havens
CNN's The Situation Room, which is presented by Wolf Blitzer, broadcast a piece on Offshore Tax Havens, with a specific look at Ugland House, home of Maples and Calder law firm, in the Cayman Islands, on Friday, July 25, 2008 and includes an interview with David Marchant, publisher of OffshoreAlert. 2:20
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