Monthly Archives: February 2008

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

Posted in BVI licenced business, Court decisions, Frauds, Ponzi scheme | Leave a comment

The Iranian property magnate said to lose his BVI- and Cayman Islands- controlled financial empire

Property magnate Robert Tchenguiz, whose business empire is ultimately controlled by family trusts registered in the British Virgin Islands and Cayman Islands, has got in trouble over the past six months. He has lost hundreds of millions of pounds on … Continue reading

Posted in BVI Companies, BVI Trusts | Leave a comment

The first Adult Business to be listed on stock market

The adult magazines publishing group founded by Express owner Richard Desmond seeks a listing on the junior Plus Market, and if this will be provided it will be the first listing on the stock market for business working in the … Continue reading

Posted in Bankruptcy, BVI Companies | Leave a comment

UBS AG refuses to provide information to Indian authorities on illegal money transfers across Switzerland, BVI, and other locations

The Swiss bank UBS AG refused to co-operate with Indian authorities, to unravel a multinational trail of money transfers across Switzerland, New York, the British Virgin Islands and Pune, between Indian stud farm owner Hasan Ali Khan and a fugitive … Continue reading

Posted in British Virgin Islands, Investigation, Money Laundering | Leave a comment

Troubled poker network reaches agreement with BVI-registered Cintaly Holding Corp.

Last week, the troubled poker network Dynamic Gaming Systems (DGS) announced in a press release that it had reached an agreement for the ‘transfer of its network’ with Cintaly Holding Corporation, registered in the British Virgin Islands, but did not … Continue reading

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