Several other local businesses have also been linked by Offshore Alert to the scandal, including Bermuda Commercial Bank and/or its affiliates and the law firm of Wakefield Quin and/or its affiliates, including Roderick Forrest, Wakefield Quin's 'Senior Counsel, Corporate' who served not only as a director of at least five IPOC firms but also as vice president of IPOC International Growth Fund.

In addition, a US intelligence firm has agreed to pay $1.7 million in damages to settle an allegation that it corrupted KPMG's investigation into IPOC, according to Miami-based OffshoreAlert.

The newsletter said Diligence LLC, which settled the civil suit brought by KPMG, Mr. Butterfield and Mr. Morrison in June, had been accused of using bribery, deception, and computer hacking to obtain confidential information about the investigation into alleged money laundering by IPOC and 11 Bermuda-registered affiliates.