Hashtag: #InternationalCrime
SEC Charges Alleged Fund Fraudsters
The US Securities and Exchange Commission announced today [Dec.5] it filed a civil injunctive action in the United States District Court for the Southern District of New York charging two individuals with engaging in a fraudulent scheme which the Bermuda Monetary Authority and KPMG Bermuda helped to uncover. The men are charged with overvaluing illiquid... Read more of this article
SEC Thanks Bermuda Monetary Authority
The US Securities & Exchange Commission [SEC] has publicly thanked the Bermuda Monetary Authority for its assistance in uncovering an alleged multi-million dollar fraud being run by a New York hedge fund. British hedge fund manager Michael Balboa, 42, was arrested Thursday [Dec.1] in New York and charged with overvaluing the assets of the Millennium... Read more of this article
Victory for PwC Bermuda in Madoff Case
Judge Richard M. Berman of the US District Court for the Southern District of New York yesterday [Nov.29] dismissed claims brought against PricewaterhouseCoopers Bermuda and others by investors who put money into funds subsequently invested with fraudster Bernard L. Madoff [pictured]. Plaintiffs had sued PwC Bermuda and more than 60 other defendants... Read more of this article
Guerillas Kill Oil Firm’s Employees
The Kurdistan Workers’ Party, or PKK, killed three employees of Bermuda’s TransAtlantic Petroleum Ltd. in southeast Turkey late last week. TransAtlantic Petroleum, based in Hamilton, said the attack “appears to be an isolated event” in a statement issued today [Nov 28]. The incident took place at its Selmo field in southeast Turkey, said... Read more of this article
Three Bermudians Arrested In UK
On November 5th three Bermudians – two females and one male – were arrested at London’s Gatwick Airport after flying in from Barbados and allegedly being found in possession of what is believed to be a controlled drug. A police spokesperson said, “The Bermuda Police Service can confirm the arrest of three Bermudian Nationals... Read more of this article
Kevin Brown Sentencing Set For Dec.16
The sentencing date for 40-year-old Dr. Kevin Antario Brown on 21 charges related to sexually assaulting nearly a dozen patients at his Los Angeles practice has been pushed back to December 16. Convicted in August following a trial that lasted almost three weeks, he could face nearly 17 years in prison. The California physician’s sentencing was... Read more of this article
US Complaint Seeks Return Of $919 Million
Liquidators from the British Virgin Islands for Fairfield Sentry Ltd. and affiliated funds, which had been the largest feeder funds for Bernard L. Madoff Investment Securities Inc., have filed an amended complaint last week against the funds’ managers, including Fairfield Greenwich Ltd. and its local subsidiary Fairfield Greenwich [Bermuda] Ltd. The... Read more of this article
Bermuda Company Named In New Madoff Suit
The trustee liquidating Bernard Madoff’s defunct firm sued Somers Dublin Ltd., an Irish affiliate of HSBC Holdings Plc, along with its Bermuda subsidiary seeking $86.4 million. Trustee Irving Picard said he aims to recover “customer property” from companies that invested with Fairfield Sentry Ltd., a so-called feeder fund that placed money in... Read more of this article
Crime Stoppers Hails Jamaica Conference
With 16 gang-related murders since 2009, deputy chairman of the island’s Crime Stop Programme, Rafael Simons, has hailed the 32nd staging of the Crime Stoppers Training Conference in Montego Bay as a success. “The number of murders is unprecedented for Bermuda. Right now gang crime is the dominant crime. There is a lot of tit-for-tat gun... Read more of this article
Minister Meets With CeaseFire Documentarian
Minister of National Security Wayne Perinchief this weekend met with Zak Piper, Co-Producer of the acclaimed documentary, The Interrupters, and Ricardo “Cobe” Williams, a “violence interrupter” working for CeaseFire. A statement issued by Government said, “CeaseFire launched in West Garfield Park, one of the most violent communities... Read more of this article
Former Resident Dies “Mysteriously” In TCI
A Canadian businessman, sailor and athlete who lived in Bermuda in the 1990s has died in what are being described as “mysterious circumstances” in the Turks & Caicos Islands, a local newspaper is reporting. Mark Glusing, 41, [pictured at far right aboard his boat] was found in the ocean in the Leeward area of Provo on Monday morning,... Read more of this article
Bank Robber’s Bermuda Escape Plan
A suspect arrested in connection with a Chicago bank robbery was planning to flee to Bermuda after the heist according to the newly-unsealed criminal complaint. Kenneth Conley, who worked at a Windy City strip club is accused of robbing a suburban bank, allegedly arriving at work shortly after the robbery to repay $500 he owed another club employee... Read more of this article
