Prosper International League

Insider Talking: November 10, 2008

November 10, 2008

Insureds of British Virgin Islands based Boston Life and Annuity Company Ltd. (in liquidation) have won an important legal victory in their attempt to recover $11 million they claim was defrauded from them in a scheme allegedly masterminded by US

Insider Talking: September 10, 2007

September 10, 2007

A jury in Texas has awarded 41 investors clients damages of $8.8 million, plus annual interest of 8.25% backdated to December 12, 2002, against Atlas Financial Group Ltd. and Atlas Private Trust Ltd., which collapsed in the Turks and Caicos

PILL resurfaces in Panama under new name

August 8, 2006

An offshore financial services group that wound down its Bahamas-based business following legal action by the United States Government has resurfaced in Panama and England under a new name.Prosper International League Limited, widely known as PILL, has dismantled its web-site at www.pill.net and morphed into Alliance Asset Management, which has a site at www.allianceasset.com.

Two more ex-Grenada offshore bankers convicted of fraud

February 4, 2006

The operators of yet another Grenada-licensed offshore bank have been convicted of fraud-related charges in the United States. Taansen Fairmont Sumeru, a.k.a. David Freeston, of Santa Barbara, California, and Jerome Harold Hall, a.k.a. JeRu Hall, of Fairfield, Iowa, were convicted jury of eight counts of securities fraud and nine counts of wire fraud at the U. S. District Court for the Central District of California on January 24, 2006. Sumeru was also convicted of conspiring to launder money and failing to file federal income tax returns for 1999 and 2000.

Sweden seeks evidence from PILL’s Pierre and Jay Gauthier for fraud investigation

May 31, 2004

Sweden has requested interviews of two officers of a multi level marketing scheme known as Prosper International League Limited as part of an investigation into an alleged Internet gaming scam. They have asked the United States authorities to obtain witness

Sweden: Roland Pfeiffer et al

May 20, 2004

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Sweden into Roland Pfeiffer, Monica Soderlund, Sten Astrom and Ulla Astrom for alleged illicit gambling.

Offshore banker implicated in investment fraud scheme

March 31, 2003

Offshore banker Clifford Pitt, who heads DIAK Bank, which is licensed in Grenada but appears to be managed in St. Vincent & the Grenadines, has been implicated in a fraudulent "high-yield" investment fraud. Pitt assisted Leon F. Harte and Norman Schmidt in a scheme to defraud Colorado-based individuals and institutions out of approximately $20 million, according to the U. S. Government.

AvantGuard Bank goes into liquidation in Grenada

May 31, 2002

Grenada licensed AvantGuard Bank and Trust Ltd. has gone into voluntary liquidation following a review of its operations by accounting firm PricewaterhouseCoopers, acting on behalf of Grenada's Ministry of Finance. Pierre Gauthier, a spokesman for the bank, told OffshoreAlert on

AvantGuard spokesman discusses possible liquidation

April 30, 2002

A spokesman for AvantGuard Bank and Trust has said it may go into liquidation whatever the outcome of recent action taken against it by regulators in Grenada.The administrative functions of AvantGuard Bank were taken over for an initial 15-day period by the Grenada Ministry of Finance at the end of April in a clampdown that saw similar action taken against Imperium Bank and CornerStone International Savings and Investment Bank.

Grenada acts against three offshore banks

April 27, 2002

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.

Antigua Gov’t tries to seize Eurofed Bank assets

July 31, 2001

In secret court hearings held in Antigua, the island's government has been trying to seize all or most of the $76 million of assets recovered so far in the liquidation of Eurofed Bank Ltd., we can reveal.The government is claiming the assets under its anti-money laundering laws on the grounds that they are the proceeds of criminal activity by former Ukraine Prime Minister Pavlo Lazarenko, 48.

PILL offers clients ‘no ID credit cards’ – 100% approved!

July 31, 2001

The Bahamas-based multi-level marketing group Prosper International League Ltd., known as PILL, has promised to review the wording of a new marketing initiative after OffshoreAlert pointed out apparent inaccuracies and misrepresentations.

Insider Talking: May 31, 2001

May 31, 2001

Ned Richard Hart, who was criminally indicted on February 23, 2000 along with Nevis based offshore provider Raymond David Finzer and Christian G. Cooper, pleaded guilty to one count each of fraud and money laundering on May 21, 2001 at

PILL’s Pierre Gauthier: ‘Referrals demonstrate customer satisfaction’

March 31, 2001

Letter to OffshoreAlert from Pierre J. Gauthier, MBA, CFP, Managing Director, Prosper International.

Prosper International – a look at its operations

March 31, 2001

Feature on Prosper International League Limited, a.k.a. PILL.

PILL is ‘dishonest organization’, claims client

February 28, 2001

Letter to the Editor of OffshoreAlert from Bill Anderson, a disgruntled client of Prosper International League Ltd., a.k.a. PILL.

Eurofed Bank goes into receivership

November 30, 1999

Antigua-registered Eurofed Bank Ltd. has been placed into receivership by the island's regulators over its suspected involvement in money laundering. Eurofed, which also has a banking license in Grenada, went into receivership on or around November 15 after being implicated in a scandal involving Pavlo Lazarenko, a former Prime Minister of the Ukraine.