Category Archives: Illegal actions

Public Statement issued by BVI FSC

The BVI FSC issued public statement informing the public that Jim Morgan has never been an employee of the Commission or been authorized as its representative. The person is alleged to contact individuals via email, falsely purporting to represent the … Continue reading

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BVI FSC issued public statement on Global World Technology Limited

The British Virgin Islands Financial Services Commission has issued the Public Statement concerning Global World Technology Limited, to make the customers, creditors and general public aware that this company has never been registered in the British Virgin Islands, and never … Continue reading

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BVI FSC published statement on Forex Place Limited

The British Virgin Islands Financial Services Commission issued public statement No. 7 of 2013 concerning Forex Place Ltd. also operating as 4XP and located at www.4xp.com. The Commission informed by this statement that Forex Place Ltd is not and has … Continue reading

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U.S. businessman used offshore bank accounts in BVI for tax evasion scheme

A New Jersey businessman Sanjay Sethi pleaded guilty to using hidden offshore bank accounts in various jurisdictions, including the British Virgin Islands, to defraud the U.S. According to the information filed by the U.S. government in federal district court in … Continue reading

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BVI companies not recognized by Latvian court as Ventbunkers shareholders

ХудожникAt the end of February, the Latvian Supreme Court Department of Civil Cases did not recognize the British Virgin Islands-incorporated offshore companies Steropes Limited and Gyges Limited as Ventbunkers shareholders, after reviewing the claim by the Dutch company Yelverton Investment … Continue reading

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BVI company involved in illegal investor’s case

Thomas Elvin, accused of depriving investors of €177,000 and operating as an illegal investor between 2003 and 2005, is said to be the head of the company called Pear Shaped Resources. This fact was claimed in court, which was told … Continue reading

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Offshore Investment fund alleged of providing false information

Federal Judge has frozen the assets and suspended the operations of Cambridge investment fund, Locust Offshore Management LLC. The founder of the fund, Andrey C. Hicks, is accused of lying to investors about the existence of an operation in the … Continue reading

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Ex-UBS banker indicted for tax evasion services

икониThe U.S. Court has indicted former senior UBS private banker for selling offshore tax-evasion services to wealthy Americans. Martin Lack is a Swiss national who until 2003 oversaw UBS’s North America business for wealthy Americans placing their money in hidden … Continue reading

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Madoff Trustee to file new lawsuit against BVI-based feeder funds

The trustee Irving Picard, who is trying to recover money invested by victims of Madoff’s affair into his feeder funds, among which there were BVI-registered funds, was authorized by the U.S. Bankruptcy Judge to file a $975.5 million lawsuit against … Continue reading

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Satyam scam: UK and Singapore give response to CBI’s rogatory letters

The Central Bureau of Investigation (CBI) (India) has received a response from UK and Singapore authorities to the Letter of Rogatory (LOR) which concerns the so-called Satyam scam with the company Satyam Computers. According to the CBI official, who decided … Continue reading

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