Category Archives: Frauds

Frauds related to BVI or British Virgin Islands companies or trusts.

Chairman of bankrupt IT Factory charged with hiding taxes through the BVI company

Tax authority of Denmark has charged Jensby, the former board chairman of bankrupt IT Factory, as well as his wife, with tax evasion. Company’s CEO Stein Bagger fled from authorities in 2008, after it became known that the company received … Continue reading

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U.S. authorities file charges against BVI company

On Tuesday, charges were filed by the state Attorney General’s Office, Pennsilvania, against Brian J. Murray, CEO of the defunct  Murray Insurance Agency and three other persons. They are alleged of insurance pyramid scheme, the accusations against them include criminal … Continue reading

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Congo government signs agreement with BVI company bypassing Canadian miner

Vancouver-based copper miner First Quantum Minerals Ltd. is planning to put the issue on one of the worst expropriations in the Canadian mining sector on the agenda to be discussed at the upcoming G20 summit. Its US$765mln Kolwezi Tailing project … Continue reading

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Australian actor accused of concealing income from BVI offshore companies

In the case of an Australian actor Paul Hogan, who had already been accused of defrauding the tax office by establishing loan scheme with an offshore company GB Film Finance registered in the British Virgin Islands, new allegations appeared against … Continue reading

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Deals with UK’s Portsmouth club investigated by the Premier League

It became known that the Premier League has used corporate investigators to unravel the ownership and control structure of the Portsmouth City Football club. In particular, the League tried to reveal the inside of the transactions in the course of … Continue reading

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Managing director of BVI hedge funds arrested in connection with K1 Group’s probe

Two more arrests were made in connection with investigation of K1 Group’s activities. According to Dietrich Geuder, the spokesman for the Wuerzburg Prosecutors’ Office, the managing director of the British Virgin Islands-based hedge funds K1 Global Ltd. and K1 Invest … Continue reading

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The owner of BVI-registered Allbury Ltd. claims E-Clear owes him £25m

The credit card processing firm E-Clear, whose chief executive Elias Elia was named as the person controlling BVI-registered company Allbury Ltd., collapsed a month after the collapse of Flyglobespan, after it was pursued through the courts by PricewaterhouseCoopers administrators. Mr. … Continue reading

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U.S. put hold on export licenses for BAE Systems

Upon investigation made into the network of BAE Systems companies, the U.S. State Department has placed a “temporary administrative hold” on weapons export licenses of BAE Systems or companies using BAE Systems’ products. This came when the BAE pleaded guilty … Continue reading

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New defendants in the legal dispute over ownership of Kasapa Communications Limited

Kludjeson International Limited (KIL), the company which issued a legal suit against a HK-based Hutchison Telecommunication Limited, accusing it of fraud, is currently in a legal showdown with institutions and personalities to win the ownership dispute of the mobile telecommunication … Continue reading

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Situation with Portsmouth club purchased by Al Faraj’s BVI company remained uncertain

Ali Al Faraj, the owner of the Portsmouth club affected by crisis, had cancelled his plans to appear in the UK for the first time since the takeover which took place in October 2009. The Portsmouth club is challenging the … Continue reading

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