USA v. Dimitri Maraletos: Plea Agreement
Plea Agreement in USA v. Dimitri Maraletos at the U. S. District Court for the Central District of California.
United Kingdom: Jared Brook et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into Jared Brook, Lincoln Fraser and others for alleged investment fraud involving the Imperial Consolidated Group.
Ex-Grenada banker Richard Hinkle admits fraud, faces up to 5 years in prison
The operator of a now defunct offshore bank faces up to five years in prison in the United States and a $250,000 fine after he admitted defrauding investors of up to $7 million in a high yield investment scam.Richard Henry
Court freezes assets of former Imperial Consolidated CEO
The High Court in the United Kingdom has issued an order freezing the world wide assets of Bill Godley, a former CEO with the Imperial Consolidated Group. It was entered on July 28, 2005 following an application by Imperial's administrators,
US indicts another Grenada offshore banker – Richard Hinkle
Yet another operator of a Grenada licensed offshore bank has been indicted in the United States.Richard Henry Hinkle, 39, was indicted on 19 counts of fraud and 40 counts of money laundering at the U. S. District Court for the
Insider Talking: March 31, 2004
A company formed by British investment fraudsters Lincoln Fraser and Jared Brook to disrupt the administration liquidation of their failed Imperial Consolidated Group, including perpetrating an asset recovery fraud against Imperial's investors, is about to go the way of most,
Imperial Consolidated’s assets frozen by US Bankruptcy Court
A U. S. Bankruptcy Court in New York has issued a preliminary injunction freezing the assets of the Imperial Consolidated Group in the United States. The injunction, issued in September, 2003, also prohibits "all persons and parties in interest" from
Hunt for Imperial Consolidated assets moves to the United States
The former Managing Director of Imperial Consolidated's offshore bank tried to remove its $500,000 security deposit with MasterCard International four months AFTER the bank went into provisional liquidation.
That is an allegation contained in a petition filed at the U. S. Bankruptcy Court for the Southern District of New York on February 7, 2003 by Marcus Wide, Provisional Liquidator of Imperium Bank.
Imperial Consolidated administrator awaits results of geological survey in Argentina
The results of an independent geological survey of 4.5 million acres of land in Argentina to which the Imperial Consolidated Group has mining rights are expected to be known by the end of August.
They will go a long way to determining the level of dividend creditors can reasonably expect, said a spokesman for Imperial's UK-based administrator, Mazars Neville Russell.
Grenada regulators extend control of Imperial Consolidated’s offshore bank
Grenada's Ministry of Finance has extended the control of its agent, PricewaterhouseCoopers, over Imperium Bank until June 9 while it prepares to shut it down permanently.Regulators also want to close the mutual funds that the bank administers but have been
Imperial Consolidated Group’s offshore liabilities estimated at $170 m
The Imperial Consolidated Group has offshore liabilities of approximately $170 million and has so far been unable to provide evidence to regulators that it has any substantial assets, OffshoreAlert can reveal.
Imperial has not even been able to produce any books, let alone assets, according to a source who is familiar with the current investigation into the group by Grenada's Ministry of Finance.
Grenada regulators take administrative control of Imperium Bank
The future of the Imperial Consolidated Group has been thrown into doubt after regulators in Grenada took administrative control of its offshore bank.
Imperium Bank cannot make any financial disbursements without the consent of PricewaterhouseCoopers, which is conducting a 15-day review of its books at the behest of the government.
Grenada acts against three offshore banks
Grenada's Minister of Finance, Anthony Boatswain, has publicly announced that a review is being carried out of three offshore banks: Imperium Bank, AvantGuard Bank and CornerStone International Savings and Investment Bank.
Arms dealer obtains asset freeze order against Imperial Consolidated Group
A Spanish court has issued an order that allows an international arms dealer and a related firm to freeze $8.5 million of assets belonging to the Imperial Consolidated Group.
The order was issued on March 8, 2002 by the Court of the First Instance, in Marbella against Imperial Consolidated Inc., of Delaware; Imperium Bank, of Grenada; and Consolidated Mining Corporation Inc., of the Bahamas.
Imperial Consolidated changes web-site and postpones deposition
OffshoreAlert's investigation into the Imperial Consolidated Group reached high farce in May when the firm gave a number of Pythonesque answers to questions that we submitted to its UK-based Public Relations firm, Luther Pendragon.
Perhaps the most comical response was a claim that it was prevented by UK law from disclosing the qualifications and experience of a 25-year-old man listed as General Manager of Grenada-based Imperium Bank.
Lincoln Fraser and Jared Brook resign from Imperial Consolidated
Three weeks after OffshoreAlert exposed their role in a failed hotel in England, Lincoln Fraser and Jared Brook resigned their positions with the UK-based Imperial Consolidated Group.
The resignations of Fraser and Brook as Chairman and Chief Executive Officer, respectively, of Imperial Consolidated was announced in a press release dated April 23.
Offshore criminal activity continues unabated in Grenada
Regulators in Grenada are continuing to allow banks belonging to the First International Bank of Grenada group to operate on the island despite FIBG's massive insolvency, we can reveal.
The National Commercial Bank of St. Vincent, which is government-owned, is also continuing to provide banking services despite having its UK assets frozen recently over the FIBG fiasco.
Insider Talking: May 31, 2000
International Financial Privacy Association's '6,000 square foot' office building fails to materialize, fraudulently-operated World Investors' Stock Exchange shamelessly targets the elderly, Imperium Bank offers double-digit annual returns, Cayman Islands Court of Appeal upholds decision to remove Chris Johnson and Nick Freeland as liquidators of local Cash 4 Titles firms, Eugene Chusid's Digital Commerce Bank, John Bourbon and Valia Theodoraki appointed heads of Cayman Islands Monetary Authority and Cayman Islands Stock Exchange, respectively; Nigel Scott Grant - sorting out fact from fiction on his Curriculum Vitae.