First Nevisian

Insider Talking: April 30, 2004

April 30, 2004

Ian Renert and his unlicensed Bahamas-based investment fund group receive $1.5 m in penalties in securities fraud action, London-based barristrer Lawrence Jones in messy legal battle with former fiancée, Keith King and the Dominican Republic's Central Bank, AT&T Corp. sues the Bahamas Tourist Office for an allegedly unpaid bill of $104,361, Royal Bank of Scotland refused to explain massive exposure to the Cayman Islands, civil complaints filed in the Turks and Caicos Islands against Professional Capital Ltd. and Intalco Management Ltd., US Government obtains order allowing it to seize $2.6 m of narcotics trafficking proceeds held at Barclays Bank (Bahamas), US Government applies to seize 55-feet catamaran passenger ferry called 'The Preference' moored in St. Vincent and the Grenadines, and Netherlands Antilles-domiciled Overseas World Marketing NV sues Motivational Marketing Inc. in Florida.

FN Group’s Redmond Capital files action against Canadian firm

July 31, 2002

Florida-registered Redmond Capital Corp., which is controlled by The FN Group (formerly First Nevisian), of Nevis, has filed a civil lawsuit in Canada in which it is seeking $150,000.The action was filed on July 15, 2002 at the British Columbia Supreme Court against Vancouver-based 584956 B.C. Ltd., which is controlled by Byron Loewen, Gary Mazzei and Gerry Caul.

Insider Talking: October 31, 2001

October 31, 2001

More has become known about the re branding of the First Nevisian Group, which is now known as The FN Group, and the partial move from Nevis to the Dominican Republic, where its "strategic partner" is H. E. Partners, which

The FN Group refuses to comment on mystery offering

August 31, 2001

OffshoreAlert has come across a $10 million note offering in which The FN Group, formerly known as the First Nevisian Group, acts as the arranger, dealer and registrar and controls the two guarantors.We understand that the group has used its discretionary investment authority to put some of its clients' funds in the offering, which has led to at least one complaint.The issuer is Nevis-registered Global Power Supplies Inc., whose notes range from 30 days to three years and bear interest of 9 to 10 per cent per year.

First Nevisian group opens up in the Dominican Republic

July 31, 2001

The First Nevisian stockbroking and corporate services group, which is now known as The FN Group, has opened an office in the Dominican Republic, where it plans to relocate much of its business from Nevis.And the official line is still that Keith King "retired" from the group two years ago, even though he is listed as the administrative contact for its new Internet domain name of 'thefngroup.com', which was only created 12 months ago on June 20, 2000.

Insider Talking: October 31, 2000

October 31, 2000

Midasco Gold Corp's dubious offshore private placement participants, Turks & Caicos Islands regulator issues warning against Orion Bank & Trust, Canadian lawsuit filed against Bermuda-based investment firm GulfStream Financial Ltd., prospectus for Bermuda Money Funds identifies long-deceased Bermudian attorney as its chairman, Better Business Bureau in Costa Rica angered by Harris Organization's false claim to be a member, New Utopia scam keeps going and going, superseding indictment brought against Nevis-based offshore provider Robin Cotterell.

Keith King in legal setback in the Isle of Man

August 31, 1999

Keith King, the head of the Nevis-based First Nevisian corporate services/stockbroking group, has suffered a setback in his latest court battle in the Isle of Man with a former client, Virginia Anne Callow. King's inactive Isle of Man company, City & International Securities, is suing Callow for US$39,717 and £13,409 (approx. US$21,695), claiming the amounts are debit balances on personal trading accounts.

Details of allegations against Keith King in South Africa

March 31, 1999

Further information came OffshoreAlert's way recently about the nature of the allegations that led to the South African authorities issuing an arrest warrant against Keith Leslie King, the senior principal of First Nevisian, a Nevis-based stockbroking/corporate services group.We have obtained a document that originated from the Director of the Office for Serious Economic Offences in Pretoria dated May 15, 1996 that states: "This office is presently conducting an investigation into alleged fraudulent transactions in South African gilts (government and municipal stocks). The alleged falsification of stock certificates is an important element of the investigation.

Insider Talking: January 29, 1999

January 29, 1999

Cayman Islands Government award members huge salary increases, McKeeva Bush offers $200,000 to settle $1 million liability, according to First Cayman Bank liquidators; Antigua journalist Tim Hector continues to publish despite printing presses being destroyed in an arson attack, the dubious past of New Utopia conman Prince Lazarus Long, a.k.a. Howard Turney; First Nevisian Group forms Life Offshore Group of Companies, Barron's magazine rips into Agora's The Oxford Club.

First Nevisian defends itself in erroneous press release

May 31, 1998

A press release claiming it is the victims of a 'smear campaign' briefly appeared on the web-site (www.firstnev.com) of the First Nevisian stockbroking and corporate services group recently before quickly being taken off. The release was in response to our article of March 31 that revealed the existence of an arrest warrant for First Nevisian's boss, Keith King, in South Africa, where he is wanted for questioning in relation to fraud and forgery offences, that his Isle of Man company had lost a recent lawsuit brought by a former client and that King had been declared to be ‘not a fit and proper' person to run a company in the Isle of Man.

Nevis government supports First Nevisian boss despite arrest warrant

April 30, 1998

The Nevis government has thrown its support behind the First Nevisian stockbroking and corporate services group after Offshore Alert revealed last month that there is a current arrest warrant in South Africa for its main principal, Keith Leslie King, in relation to fraud and forgery charges and that he was kicked out of the Isle of Man by regulators. We have not heard from King or the Nevis government since we ran our article last month.

Arrest warrant out for First Nevisian principal Keith King

March 31, 1998

Readers who are considering doing business with the First Nevisian stock-broking and corporate services group in Nevis might like to know there is a warrant out in South Africa for the arrest of its key principal, Keith Leslie King. They may also be interested to learn that he set up a firm in Nevis after being kicked out of the Isle of Man, where his company, City & International Securities, also recently lost a £45,000 ($72,000) lawsuit brought by a former client. A second lawsuit against City & International Securities and King personally is due to be tried soon in the Isle of Man.