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Foreign con artists are using stolen credit card information to try to get money by ordering expensive champagne, china and crystal from stores in Bermuda. Police yesterday warned local businesses and members of the public to be vigilant for the scam...

NEW YORK (Bloomberg) - HSBC Holdings plc asked a judge to dismiss a $9 billion lawsuit by the trustee liquidating Bernard Madoff’s firm, saying he is not allowed by law to bring such cases on behalf of the confidence man’s former customers. Irving Pi...

LONDON (Bloomberg) Geoffrey Stuart Pearson, the former chief executive officer of a Bermuda-based investment company at the centre of a fraud scandal, was sentenced to a year in prison for making misleading statements about its assets. Pearson, 63, w...

LONDON (Bloomberg) - Bermuda-based Alpha Prime Fund Ltd and Senator Fund SPC, two funds sued along with HSBC Holdings Plc by the trustee liquidating Bernard Madoff’s firm, filed so-called cross claims against HSBC to try to recoup damages they incurr...

NEW YORK (Bloomberg) - Investors in Fairfield Sentry Ltd., a feeder fund for Bernard Madoff’s Ponzi scheme, asked a judge to withhold approval from Irving Picard’s $4 billion settlement with bankrupt funds related to the Fairfield Greenwich Group, wh...

NEW YORK (Reuters) The court-appointed trustee and others seeking money for Bernard Madoff’s customers were paid $318.4 million through the end of March more than the sum available to be paid out to the victims. Trustee Irving Picard said he has reac...

A director of a company that allegedly had its funds stolen by David and Antoinette Bolden admitted that company rules were made verbally and recorded in a “sloppy” fashion. Jason Bagg insisted nonetheless that large banking transactions at the centr...

The trial of David and Antoinette Bolden on finance company-related theft charges was delayed yesterday because a member of the jury was sick. The couple, from Hamilton Parish, are accused of stealing more than $360,000 from Emerald Capital Internati...