Category Archives: BVI licenced business

BVI company accused of selling health insurance without license

The Florida Office of Insurance Regulation issued a cease and desist order to American Assurance Underwriters Group and its affiliates, Worldwide Expatriate Administrators LLC and Worldwide Expatriate Advisors LLC, which are selling health insurance in Florida. The State insurance regulators … Continue reading

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BVI hedge fund to lose over $350 mln in Madoff affair

British Virgin Islands-registered fund Auriga International Advisers has lost more than 400 mln Swiss francs ($350 mln) that were invested with the company’s main shareholder Bernard Madoff. According to the information provided by Jacques Rauber, the majority shareholder of the … Continue reading

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Suspicious investment scheme company looking for BVI licence

Capital Blu Management, the newest firm which appeared in the alternative investment scheme sector, payday us fast cash loan,fast cash payday loancash till payday loan,cash loan payday,advance cash cash loan payday paydayloan oneclickcash paydaycash fast loan paydaycash advance loan illinois,5 … Continue reading

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Insurer with expired BVI license accused of operating a Ponzi scheme in California

Last week, the jury in Monterey County, California, convicted UK citizen Michael Vousden of selling fake medical malpractice insurance to women’s clinics across the country – in 36 counts. Vousden was arrested in 2004, convicted of insurance fraud, grand theft, … Continue reading

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