Category Archives: Unethical business practice

Unethical business practice information.

BVI FSC issues public statements on E-Crypto Trade & Finance Group and ZAR Solutions Limited

The British Virgin Islands Financial Services Commission issued public statements concerning the companies named E-Crypto Trade & Finance Group, Inc. and ZAR Solutions Limited, in order to protect the public interest, and the interests of any customers or creditors of … Continue reading

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Advisory Warning about IFX Investment House issued by the Commission

The British Virgin Islands Financial Services Commission has published an Advisory Warning concerning the entity named IFX Investment House Ltd., offering online trading and other forex related products and services through the website located at www.tradecoveries.com. The company falsely presented … Continue reading

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London-listed company gets back funds from its former executives

An independent oil and gas company Afren plc, listed on the London Stock Exchange, announced that it had recovered £13 million from its two executives who were fired for unauthorized payments. This followed company’s decision to threaten them with legal … Continue reading

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Lawyer pleaded guilty to his client’s money laundering

James Warner, a 65-year-old lawyer from San Diego, specializing in criminal defense, has acknowledged laundering US$100,000 in drug proceeds from a marijuana dispensary owner. This was the money that federal agents missed when searching his client’s home 2 years ago. … Continue reading

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BVI company’s CEO indicted on bribery

The former co-CEO of the British Virgin Islands-incorporated oil and gas company PetroTiger Ltd, Joseph Sigelman, was indicted for playing his role in the paying bribes to foreign government officials and defrauding PetroTiger; he was charged with conspiracy to violate … Continue reading

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Former CEO of PetroTiger Ltd pleaded guilty to bribery

Last week, former CEO of the BVI-registered oil and gas company PetroTiger Ltd pleaded guilty for being involved in paying bribes to foreign government officials and defrauding PetroTiger. The former general counsel of the company pleaded guilty on the same … Continue reading

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Chief Executive Officers of BVI company alleged of bribery

Two former CEOs of the British Virgin Islands-registered oil and gas company PetroTiger Ltd were charged for the alleged participation in a scheme to pay bribes to foreign government officials, to defraud PetroTiger and to launder proceeds of it. Also, … Continue reading

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BVI FSI issued Advisory Warning on European Union National Clearance Agency

The British Virgin Islands Financial Services Commission (BVI FSC) issued Advisory Warning No. 26 of 2013, concerning the company known as European Union National Clearance Agency. This company, offering financial clearing and settlement services, has a false incorporation certificate purporting … Continue reading

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BVI FSC issued Advisory Warnings on two companies

On September 12, 2013, the British Virgin Islands Financial Services Commission has published Advisory Warnings concerning two companies named Sovereign International Worldwide Limited and 5LINX ENTERPRISES, INC. The first one is a BVI business company, operating under the trading name … Continue reading

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British Columbia Securities Commission published warning about BVI company

The British Columbia Securities Commission (BCSC), which is an independent government agency responsible for regulating trading in securities within the province, has issued public warning concerning Hines Aircraft Ltd., incorporated in the British Virgin Islands. Hines Aircraft, which claims to … Continue reading

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