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A judge cited “persuasive” evidence from lawyer Evatt Tamine about billionaire Robert Brockman’s ability to engage in “sophisticated furtive behaviour to conceal his actions” as a reason why the latter’s criminal trial should go ahead. United States ...

A Supreme Court judgment against a Bermuda subsidiary of banking giant Credit Suisse will cost them some $600 million, the bank said in its first-quarter financial report today. The judgment relates to life insurance policies of a client of Credi...

Bermuda reinsurers are keeping a close eye on ballooning property insurance rates in Florida, downgrades to the state’s property insurers precipitated in part by insurance fraud and expensive litigation, all in the path of another above average hurri...

PwC’s Global Economic Crime and Fraud Survey 2022 highlights cybercrime as the biggest threat. Almost half of nearly 1,300 business leaders reported their organisations had experienced fraud or financial crime over the past two years. And 70 per cent...

An exempted Bermuda company linked to a Texan billionaire accused of a massive tax fraud has been named in a federal bankruptcy court in the United States. Joint liquidators of Point Investments Ltd have applied to the court in Delaware to have it re...

Police have urged the public to be wary of a suspected pyramid scheme operating under the name “Success Factory”. A police spokesman said last night that under the scheme, would-be investors are asked to join at one of four membership levels at a cos...

Credit Suisse Group has indicated that an appeal is coming after the Supreme Court decision that went against its Bermuda subsidiary, Credit Suisse Life (Bermuda). But it is facing other client allegations of a billion-dollar fraud perpetrated by ban...

A damning “indictment” of the business dealings of Credit Suisse bank follows a Supreme Court judgment in which more than half a billion dollars were at stake and where the court found fraud in policy accounts that the bank’s Bermuda subsidiary held ...

A man has been arrested in connection with a social-media scam that promised a quick return on a $1,000 deposit, police said today. But a spokesman added reports continued of people being fleeced despite repeated warnings for the public to be wary of...

Governments in the free world have a responsibility, literally, a fiduciary duty to their country to preserve and protect the nation and its residents. The Bermuda Constitution 1968 in Chapter 1, formally states: “Proctection: Of fundamental rights a...

A five-week long, $400 million lawsuit completed submissions on Friday with a lawyer claiming it was fully expected that Credit Suisse’s investment team was responsible for managing his wealthy client’s hundreds of millions of dollars in Credit Suiss...

A lawsuit pitting the former Prime Minister of Georgia against banking giant Credit Suisse’s Bermuda life insurance company and which has lasted five weeks is scheduled to finish today. In its final hours yesterday, proceedings were dominated by a ro...