Michael Misick

Prosecution of Wegelin & Co. is good for the offshore world

February 4, 2012

If the U. S. Government's allegations against Switzerland's oldest private bank, Wegelin & Co., are true, i.e. that the bank actively encouraged and helped U. S. taxpayers conceal their assets from the IRS and, it would be logical to assume, their other creditors and victims, the bank represents the worst of the offshore world and it would be convincing evidence that the bank's managers at the time of the conduct were talentless morons.

Timothy Blixseth et al v. Gary Di Silvestri et al: Complaint

July 8, 2011

Complaint filed by Timothy L. Blixseth and Emerald Cay Ltd. against Gary Di Silvestri, Worldwide Commercial Properties Ltd., Angelica Morrone, Southaven Ltd., and Ital Swiss Investments Ltd. at the U. S. District Court for the Southern District of Florida.

Ex-TCI Premier Michael Misick owes $326,000 in legal fees, claims US law firm

June 30, 2011

Former Turks and Caicos Islands Premier Michael Misick, who was forced out of office in 2009 amid a corruption investigation, is being sued by a U. S. law firm that alleges it is owed $326,217 in legal fees.The fees were

Llewellyn Connolly et al v. Cem Kinay et al: Complaint

January 28, 2011

Complaint filed by Llewellyn Connolly, Dodgar Partners Ltd., Edward Razek, Ocean Villa 4 (D.C.) Ltd., Thomas Walker III, Beach Villa V. D.C. Ltd., Andrey Ivanov-Galitsyn, Villa 7 Dellis Cay Ltd., Estefano Isaias, Salinas on the Beach Ltd., Stephane Pictet, Sandrine Pictet, Thomas Singh, Upwey Ltd., Michael Topr, Ocean Villa 2 (D.C.) Ltd., Mikal Watts, Tammy Watts, and 313TW Caribbean Investment Ltd. against defendants Cem Kinay, Oguz Serim, O Property Collection USA, Inc., O Property Collection GmbH, ), O Property Collection TCI Ltd., Turks Development L.P., Turks General Partners Ltd., Turks (B.V.I.) Holdings Ltd., Turks Ltd., Dellis Construction Ltd., William Tacon as Receiver of Turks Development L.P. and Turks Ltd., Stephen Katz as Provisional Liquidator of Dellis Construction Ltd., Marjorie Kinay, Cenk Kinay, The SUU Hotels, Trinidad and Tobago Unit Trust Corporation, Mandarin Oriental Hotel Group International Ltd., Mandarin Oriental Management (BVI) Ltd., Mer Insaat, Halis Sumer and Avatar Real Estate Services, LLC at the U. S. District Court for the Southern District of New York.  

Insider Talking: August 26, 2010

August 26, 2010

Litigation that has been taking place in Florida over the last 22 months on behalf of victims of various get rich quick investment schemes that substantially targeted Jamaican nationals or their descendants in the Caribbean and the United States is

Ex-TCI Premier Michael Misick accused of fraud by rapper and music journalist

October 5, 2009

An offshore company controlled by disgraced former Turks and Caicos Islands Premier Michael Misick is embroiled in a legal battle with two business partners - one a rapper, the other a music journalist - for control of the publisher of

Whistleblower web-site trumps British secrecy by publishing TCI corruption report

July 19, 2009

The futility of the British legal system's obsession with secrecy in the age of the Internet was brutally exposed on the weekend with the publication of a long awaited final report by the United Kingdom Government into alleged corruption and

Ex-TCI Premier Michael Misick sued by victims of Ponzi scheme

June 14, 2009

Former Turks and Caicos Islands Premier Michael Misick is being sued in Fort Lauderdale by a physician who claims he was defrauded in a TCI based get rich quick scheme. Plaintiff Christopher Walker, a resident of Orlando, Florida, is seeking

Insider Talking: April 7, 2009

April 7, 2009

In the very first edition of OffshoreAlert in February, 1997, we referred to TCI as the "Totally Corrupt Islands" and commented that there was a presumption among knowledgeable businesspeople that TCI domiciled companies were "crooked until proven otherwise", prompting a

Insider Talking: February 13, 2009

February 13, 2009

On January 12, 2009, Bermuda and the USA signed a Mutual Legal Assistance Treaty, pursuant to which each country can formally apply to the other to obtain information for criminal investigations. The Bermuda Government lauded the agreement as "yet another

Allegations of corruption in offshore financial centers highlighted in report to UK Gov’t

July 7, 2008

A new report on British Overseas Territories by the Foreign Affairs Committee of the United Kingdom Government has highlighted evidence of corruption in the Turks and Caicos Islands, Bermuda and Anguilla. By comparison, the British Virgin Islands and the Cayman Islands emerged relatively unscathed. The Committee has recommended that the UK Government sets up a Commission of Inquiry to investigate corruption in the TCI, encourages the Anguillan government to establish an "independent inquiry" to look into corruption, and details the steps it has taken to ensure that allegations of corruption in Bermuda are "properly investigated".

Turks & Caicos Islands Legislative Council meeting ends in farce and acrimony

February 27, 1998

If there's nothing decent on television, residents of the Turks & Caicos Islands can always go and sit in on the local Legislative Council for their fix of high drama and farce.One of the better episodes of LegCo, as the elected body is known, came during a debate on The Companies (Amendment) Bill on December 4, 1997.