Nevis American Trust Company

Terry Neal-related companies sue each other

March 9, 2007

Two companies that at one time or another have been controlled by imprisoned offshore fraudster Terry Neal are plaintiff and defendant in litigation filed recently in the United States.One of them, Crowne Gold Inc., claims that the other, Nevis American Trust Company Ltd., was involved in a conspiracy to defraud it of at least US$2.5 million.

Insider Talking: August 8, 2006

August 8, 2006

Lennox Gibbs is well-paid for his role in dubious penny stock Strategy International Insurance Group Inc.; Law firm Charles Russell and financial advisors Smith & Williamson, continue to be handsomely rewarded for their lmismanagement of the iquidation of Invaro Ltd.; and the US Senate Permanent Subcommittee on Investigations' 'Tax Haven Abuses: The Enablers, The Tools and Secrecy' is not without its humorous side.

Terry Neal tries to renege on sentencing deal

August 31, 2004

Former offshore services provider Terry Neal and three co-defendants have had their sentencing delayed pending a review of a U. S. Supreme Court opinion that federal sentencing guidelines are unconstitutional.

Legal battle for Terry Neal group’s gold and silver

January 31, 2004

A legal battle is taking place in Oregon for possession of gold and silver bars and coins that were seized during a raid on the offices of companies associated with offshore provider Terry Neal. The United States Government is seeking to take permanent possession of the property, worth approximately $225,000 at current prices.

Receiver appointed in Canada for assets of Exchange Bank & Trust

July 31, 2003

The Supreme Court of British Columbia has appointed a Receiver for US$20 million of assets belonging to two offshore banks, their clients and related parties - more than three years after freezing them.Following its appointment on June 16, 2003, KPMG Inc., in Vancouver, Canada, is seeking claimants for the funds, which were frozen in April/May, 2000 as part of an investigation into securities fraud.

Superseding indictment filed against Terry Neal

April 30, 2003

Offshore financial services provider and asset protection book author Terry L. Neal has been criminally indicted on tax-related offenses in the United States for the second time in three months.A 13-count superseding indictment was filed on April 23, 2003 against Neal, of St. Kitts and Oregon; and three associates, Lee. E. Morgan, of Oregon; James Fontano, of Nevada; and Aaron Young, of Oregon.

Terry Neal arrested on suspicion of tax evasion

December 31, 2002

Offshore services provider and asset protection author Terry Leroy Neal has been arrested and jailed in Oregon after a criminal complaint accused him of making false statements in his personal tax returns filed with the IRS.Neal was arrested on December 27, 2002—one day after a criminal complaint was filed against him at the United States District Court for the District of Oregon, in Portland, which is Neal's home-town.

Insider Talking: November 30, 2002

November 30, 2002

The British Columbia Securities Commission has scheduled a hearing for December 10 11, 2002 to consider applications to vary asset freeze orders relating to accounts at the Bank of Montreal in Vancouver that were frozen in 2000 as part of

Unlicensed Genesis Fund collapses amid fraud allegations

October 31, 2002

An ordinary IBC in Nevis that operates as an unlicensed mutual fund has collapsed owing an estimated $50 million to approximately 1,100 shareholders.Approximately $100 million is believed to have gone into The Genesis Fund Ltd. but about half of it was repaid as interest payments, according to a client's representative.

Terry Neal settles SEC lawsuit for $2.5 million

September 30, 2000

Nevis-based offshore financial services provider and author Terry Neal has been ordered to disgorge $2.3 million in "ill-gotten gains" and pay a $200,000 penalty to settle a civil fraud lawsuit in the United States. Neal, who is an American citizen, has also been barred from serving as an officer or director of a public company in the United States.