So he set up an offshore financial institute so that people can set up offshore accounts in the guise of a financial loan from a offshore capital investment company.
In reality though it's just a way for CEO's/officers/insiders to skim money from the company while Welch gets his cut for supplying them with the B.S. loan and the offshore account.
The Oceanic Fund has over $200 million in assets available for approved transactions.
Gee I wonder how many shareholders he had to steal from by lying to them while he diluted the companies to death never putting any of the money back into the operations of the company. $200 million after he bought himself a mansion in the Bahamas.
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