Monthly Archives: August 2007

SEC files civil fraud charges: BVI investment partnership – one of the biggest customers defrauded

The U.S. Securities and Exchange Commission (SEC) filed a fraud charges against Sentinel Management Group Inc., for Chapter 11 bankruptcy protection. The cash management firm working in the U.S. futures industry is accused of violating the Investment Advisors Act, by … Continue reading

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Banker alleged of making fraudulent deals through a BVI-registered hedge fund

An Austrian national Michael Berger that was pleaded guilty to charges of securities fraud in a Manhattan court in 2000 connected with his Internet stock market deals and  went fugitive in March 2002, last week was cought in Austria. Before … Continue reading

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BVI Hedge fund Dobbins Offshore Ltd case: KPMG and Citco Fund Service back in court

KPMG and Citco Fund Services in the Netherlands Antilles have been involved into litigation regarding a failed BVI-registered hedge fund, Dobbins Offshore Ltd. On July 11, 2007, nearly 13 months after KPMG and Citco were dismissed on jurisdictional grounds from … Continue reading

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BVI-registered Performance Investments turns out to be large-scale financial scam

Performance Investments Products Corp., a company registered in the British Virgin Islands and owned by Michael H.K. Liew, appeared to be in the centre of a noted story that finished with the failure of financial scam. In this scam, lots … Continue reading

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Advanced Medical Optics Inc. criticized by its major shareholder ValueAct Capital (BVI)

The attempt by California-based Advanced Medical Optics Inc. to purchase Bausch & Lomb – an American eye care company which is one of its main business rivals – is now under question. BVI-registered ValueAct Capital, which is a major shareholder … Continue reading

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The British rock-star accused of avoiding taxes by registering his property on BVI companies

Since the British Revenue & Customs Authority started to get from the banks the details of their customers’ accounts in offshore jurisdictions, many offshore schemes have been revealed. Probably these schemes were planned and used illegally to avoid taxation. In … Continue reading

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Financing of the luxury boat registered on the BVI company is to be investigated

In the middle of July the details of the financing of luxury cruiser of Rene Rivkin have emerged which would lead to the trustee of his bankrupt deceased estate recovering millions of dollars from a bank account in Jersey. In … Continue reading

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