To: Anthony@Pacific who wrote (18287 ) 3/9/1999 7:38:00 AM From: Jetter Respond to of 122087
Morning, here's some interesting Offshore information... BE careful out there... :) Full text available at: offshorebusiness.com . The February 26 edition of Offshore Alert newsletter has uncovered evidence of stock manipulation on the NASDAQ over-the-counter market by entities associated with Mezzanine Capital, which is listed on the Bermuda Stock Exchange and whose minority shareholders include subsidiaries of the Bank of Bermuda and Lines Overseas Management. Among the numerous allegations is one that a shell company run by Mezzanine's management stole another company's financial statements from its fax machine and released them as its own, sending its stock price soaring so insiders could rake in profits. Several US-based companies are involved, including Uniforms for America, The Hartcourt Companies, XtraNet Systems and Net Voice Technologies. This month's Offshore Alert also contains more evidence about a multi-million dollar Ponzi scheme and general fraud that is currently being committed by First International Bank of Grenada, Fidelity International Bank, which is run out of St. Vincent; the International Exchange Bank, which is run out of Texas; the World Investors Stock Exchange, which is based in Grenada; and the International Deposit Insurance Corporation, a phony insurer recently closed down by the Nevis regulators. and there is details on the start date for Bermuda's most eagerly-awaited civil trial, involving the collapse and asset-stripping of Bermuda Fire & Marine Insurance by some of the island's best-known businessmen and companies. Full text is available at: offshorebusiness.com . Regards, Scott