Capital Conservator » Asset Protection

MAXIMUM SENTENCE FOR BETONSPORTS FOUNDER GARY KAPLAN

Wed, 04 Nov 2009 12:34:56 +0000

Gary Kaplan, the founder of the offshore gambling firm BetOnSports, has been given the maximum prison sentence of 51 months for “conspiring” to break racketeering laws in the US, among other violations. Kaplan has been in jail since March 2007, and has already agreed to hand over around $44 million to US Authorities which the Justic Deparment calls “proceeds” from his gambling activities.

http://www.reuters.com/article/internetNews/idUSTRE5A24IS20091103

DELAWARE AND CITY OF LONDON IN TOP 5 SECRETIVE TAX HAVENS

Wed, 04 Nov 2009 12:28:10 +0000

Delaware, the City of London and Luxembourg have been rated among the most secretive tax havens in a report by campaigners for financial transparency. The Financial Secrecy Index, or FSI, was created to measure the secrecy of offshore financial centers by measuring how much privacy each jurisdiction offered and how willing they were to co-operate with foreign tax authorities. In a surprise to many, the number 1 tax haven in the world was a US state.

http://en.mercopress.com/2009/11/03/delaware-cayman-islands-and-london-city-among-most-secretive-tax-havens

”RICH LIST” TYCOON REFUSED BAIL FOR £111M WALL STREET FRAUD

Wed, 14 Oct 2009 14:56:42 +0000

A business tycoon who invested in the Miss World competition and was even included in the Sunday Times Rich List faces a lengthy jail sentence after conviction for his part in a $175m wall street share fraud. Trevor Baines, a millionaire several times over, collapsed in an Isle of Man court and received medical attention after a judge refused him bail.

http://www.telegraph.co.uk/news/uknews/crime/6319458/Miss-World-investor-faces-jail-for-111m-Wall-Street-scam.html

TRUSTEE ORDERS FREEZE ON ACCOUNTS OF FORMER MADOFF CLIENT

Thu, 08 Oct 2009 14:04:56 +0000

The trustee for Madoff’s gigantic ponzi scheme, Irving Picard, has asked courts for an immediate freeze of assets related to Stanley Chais, a former Madoff client. The move comes after Mr. Chais, seeking access to his funds, accused Mr. Picard of attempting to seize his assets before proving in court that he had the right to take it. He cited a secret letter sent by the trustee to Goldman Sachs, ordering it to freeze Mr. Chais’s account there.

http://dealbook.blogs.nytimes.com/2009/10/02/madoff-trustee-orders-freeze-on-money-managers-accounts/

DELAY DOES LEGAL LIMBO IN MONEY LAUNDERING CASE

Thu, 08 Oct 2009 12:56:04 +0000

Republican Tom DeLay danced the cha-cha and the tango on TV, but he’s tiptoeing through a legal web as his criminal case crawls through the courts in Texas. The former U.S. House majority leader who’s competing on ABC’s hit show “Dancing With the Stars” was indicted four years ago on charges of money laundering and conspiracy allegedly connected to 2002 state legislative elections. His case now hinges on how an appeals court rules on legal questions raised by DeLay’s two indicted associates.

http://www.google.com/hostednews/ap/article/ALeqM5gKkz_l4DFFNpSKBiKfG8iHiN7ItQD9B33H080