Baron Abboud

Guardian Trust Company Limited has had its license suspended by the financial services regulator in Nevis - 11 years after OffshoreAlert first began exposing the trust company's involvement with criminals.

Nevis-licensed Guardian Trust Company Ltd. has provided records to the United States Internal Revenue Service for use in an investigation into alleged tax evasion by some of its clients who reside in Tennessee.

A United States national who was convicted of tax evasion-related offenses as recently as June 30th, 2006 is secretly involved with a Nevis-based trust company, OffshoreAlert can reveal. Until a few weeks ago, Charles Sigerseth, 66, of Missoula, Montana, was listed as the registrant for the domain name ‘guardiantrustcompany.com', which links to the web-site for Guardian Trust Company Ltd. 

A man who is under criminal indictment in the United States for alleged money laundering and fraud is no longer involved with Nevis-based Guardian Trust Company, said the firm's manager, Jessica Huggins. Even though one of Guardian's web-sites is still registered to Baron D. Abboud, of Omaha, Nebraska, Huggins said: "He no longer has anything to do with the company."

Eight defendants in a criminal indictment filed in Nebraska recently appear to be the latest victims of former Cayman banker John Mathewson's decision to help US authorities investigate his ex-clients.David Abboud, his brother Gene, son Baron and nephew Joseph, Susan Germer, United Imports Corp. (d.b.a. M. D. Electronics), G&A Distributing Inc. (d.b.a. Broadway Enterprises) and Infinite Electronics were charged on April 26, 1999 with 15 counts of Mail Fraud, 11 counts of Wire Fraud, seven counts of Unauthorized Reception of Cable Television Service, one count of Conspiracy to Commit Money Laundering, and 13 counts of Domestic Money Laundering.