On Tuesday we reported on the half a billion money laundering and fraud scheme that was taking place on the fourth floor of the Matalon Building in Belize City. As we have reported, the FBI sent directives to the Financial Intelligence Unit, to shut down IPC Corporate Services LLC; Titan International Securities, Inc.; Legacy Global Markets S.A.; and Unicorn International Securities over money laundering and fraud suspicion. The FBI believes, that the directors of the companies orchestrated a $500 million offshore asset protection, securities fraud, and money laundering scheme in Belize.
The news tonight is that two of the directors allegedly involved in the fraud where detained by Belize City Police. Love News was informed that Kelvin Leach, and Rohn Knowles, two directors of Titan International Security, along with a female, were picked up by police at the Phillip Goldson International Airport. Sources told us that the trio was attempting to leave the country en-route to Cancun, Mexico. Knowles and Leach are two of a group of six men who have been named in the scheme.
According to the FBI, a multi-count indictment was unsealed on Tuesday morning against six individual defendants: 70 year old US National Robert Bandfield; 51 year old Belizean Andrew Godfrey; 34 year old Bahamas Citizen Kelvin Leach; 29 year old Bahamas Citizen Rohn Knowles; 45 year old Canadian Brian De Wit, and 44 year old Canadian Cem Can.
The charges include conspiracy to commit securities fraud, tax fraud, and money laundering. We were made to understand that Bandfield is in the US under detention, while the others have Belize City Address. (VO STARTS)
Police officers and officials from the FIU office were all afternoon and night on Tuesday at the Matalon collecting documents and all necessary evidence to prosecute the individuals involved. Boxes upon boxers were being loaded into a truck and police pickup truck late on Tuesday night. We left there after 9pm and we were told that a ton of more documents were being prepared to be examined. All the documents collected are expected to the shipped to the United States.
So far we have been unable to get in contact with the director of the FIU, Eric Eusey, whom we were told was out o the country until Monday. Our Understanding is that none of the other men here in Belize have been arrested however, according to the FBI, the US Government will seek to extradite them.
We understand that the FIU is planning to charge the trio for failing to declare funds over $20,000 Bze to the authorities which would mean that each person would have had more than twenty thousand dollars with them. No one from the Belize Police Department would comment on the matter and so far we have been unable to get in contact with the director of the FIU, Eric Eusey, whom we were told was out o the country until Monday. We understand that the men have acquired the legal services of Attorney, Godfrey Smith.
Stock promoters, company insiders busted for alleged $290M ‘pump and dump’ scheme
Anthony Thompson, Eric Van Nguyen and Jay Fung allegedly worked with five company insiders to fool investors into buying worthless stocks, while inflating their own profits.
Jefferson Siegel/New York Daily News Stock promoter Jay Fung (left) appears in Manhattan Supreme Court on Thursday.
A “pump and dump” penny stocks scheme the cheated investors out of a $290 million led to the arrest Thursday of eight people, the Manhattan prosecutors said Thursday.
Three stock promoters allegedly conspired with five company insiders to hoodwink people into making worthless investment.
“These individuals ... are charged with using their positions as stock promoters and company insiders to inflate their own profits through fraud and deceit,” said Manhattan District Attorney Cyrus Vance Jr.
“We will not allow this kind of manipulation to occur in our markets,” he said.
The three promoters — Anthony Thompson, 38, Eric Van Nguyen, 30, Jay Fung, 40 — used websites they controlled to send email blasts promoting the penny stocks, Vance said.
The suspects worked five others to gained control of public shell companies with available shares and merged them with new, private entities, according to an indictment.
Jefferson Siegel/New York Daily News Anthony Thompson is another stock promoter who was allegedly part of the scheme.
The corporate insiders then issued millions of shares to themselves, associates, friends and family to pump up prices, according to prosecutors.
Once investors were duped, the suspects then liquidated, or “dumped” their own shares leaving the stock nearly worthless, the indictment charges.
Thompson of Bethesda, Md., Fung of Delray Beach, Fla., and Van Nguyen of Quebec, Canada, were hit with felony counts of criminal possession of stolen property, grand larceny and scheme to defraud.
Others indicted were Hanna Schmieder, 39, of Los Angeles, Kenneth Oxsalida, 59, of Sebring Fla., Joseph Dervalli, 54, of Pembroke Pines, Fla., Luz Rodriguez, 47, of Miramar, Fla. and Christopher Baleeiro, 31, of North Bay Village, Fla.
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