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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...

A case with tentacles that reach into Switzerland, the Caucasus nation of Georgia, as well as the United Kingdom’s territories of Bermuda, the British Virgin Islands and Cayman Islands has lawyers for a Georgian plaintiff saying it is Bermuda’s law t...

Credit Suisse Life (Bermuda) was described as having “no role of substance”. That description came during the closing arguments of a case that has pitted a post-Soviet era oligarch and former Prime Minister of Georgia against the banking giant’s Ber...

An investment expert giving testimony for global banking giant Credit Suisse this week said it had been only days since he had been provided with and read a report that revealed that one of the bank’s own executives — later convicted of fraud — had r...

Georgian oligarch Bidzina Ivanishvili held a large equity position in an account outside Credit Suisse, the bank whose offshoot Credit Suisse Life (Bermuda) he is suing for the loss of $400 million over a call for payment for the same high-risk equit...