Graham Collis

Two US based plaintiffs claim they were defrauded in a captive insurance program operated from Bermuda.Details are contained in a civil complaint filed at the U. S. District Court for the Southern District of New York on December 24, 2008,

Insiders and privileged clients of investment firm Lines Overseas Management stood to profit from the alleged manipulation of a penny stock by LOM principals Scott and Brian Lines, according to a court filing by the SEC.These included directors such as Graham Collis and Susan Wilson, senior employees like CFO Malcolm Moseley; relatives of the Lines brothers, including two minors, and the manager of a local restaurant, Constanzo Di Meglio.

Shares of the parent company of Bermuda-based stockbroker Lines Overseas Management were listed for the first time on the Bermuda Stock Exchange on July 24.A statement that the shares had been approved for listing was made on July 20 without any prior public announcement that an application had been submitted.

Information Memorandum for LOM (Holdings) Limited, filed with the Bermuda Stock Exchange.

The saying 'There's one born every minute' was never more evident than during a recent interview OffshoreAlert conducted with an Arizona-based creditor of Gilbert Ziegler, the chairman of the fraudulently-run First International Bank of Grenada; The depths to which The Oxford Club's parent, Baltimore-based Agora Inc., will stoop to attract new business seemingly knows no bounds; In the book the Sovereign Individual, which is co-authored by Lines Overseas Management shareholders Lord William Rees-Mogg and James Dale Davidson, there is a paragraph on Page 188 that seems to advocate an illegal act when advising readers on asset protection; Although we published a list of shareholders for Bermuda-based financial services firm Lines Overseas Management last month, the identities of many of the beneficial shareholders was hidden through companies; We reported last month on an alleged fraud being committed by Threshold Insurance Services, which is an apparently bogus insurer being operated by The Harris Organization of Panama and being investigated by banking and insurance regulators in Florida. We learned this month that official records in Panama show that the company has now been dissolved; and Accounting firm Deloitte & Touche, which is liquidating First Cayman Bank, is still forecasting a pay out of 45 to 55 cents on the dollar.

OffshoreAlert has uncovered more evidence that casts a negative light over the claims of investment success of James Dale Davidson, whose business interests in Bermuda include Lines Overseas Management and Strategic Advisors Overseas.

Lawyer Graham Collis has been criticised by an American attorney for "a lack of co-operation" in the investigation of two U.S. businessmen accused of defrauding investors of millions of dollars.U.S. investigators into the failed New Jersey-based Sigma commodities group believe that "tens of millions" of dollars of funds were transferred out of the company to bank accounts in London and Bermuda shortly before it collapsed.Attorney William Horton, acting for the U.S. court-appointed receiver of the Sigma Group, which includes Bermuda-registered BTB Group Ltd, said he was "disgusted" at the lack of help given to the receiver by Mr. Collis, of Conyers Dill & Pearman, who represents BTB Group on the island.