|
|
|
|
|
|
By Matthew
Taylor
|
|
April 8, 2003
|
Public
warned to beware of fraudsters |
|
Intro: |
|
|
|
Police say
Bermudians have been conned out of thousands of dollars from
fraudsters offering dodgy overseas investments. They are warning the
public to be wary of hastily arranged seminars advertised by word of
mouth at hotels and private homes which have left locals ripped off
and unprotected by the law. Police spokesman Dwayne Caines said
people were being attracted by the high rates of return that were
promised. |
|
|
|
Excerpt: |
And business
newsletter Offshore Alert reported last week that two of the organisers of a 1998 investment conference in Bermuda have pleaded
guilty to tax evasion in the US. As part of their plea agreement,
Jeffrey S. Szuch and Shoshanna B. Szuch have agreed to testify
against other people involved in the Global Prosperity Group, also
known as the Institute for Global Prosperity, which organised a
conference in Bermuda in December, 1998 attended by more than 200
people. |
|
|
|
|
|
|
|
For complete story
refer to original source by clicking on logo
|
