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U.S. Justice Department Aided Prosecutors in Bermuda Fund Fraud Case
By Brian Monroe
printThe U.S. Justice Department provided "significant" information to British Virgin Islands prosecutors in a fraud case involving a multi-billion dollar investment fund with alleged connections to Russia's telecommunications minister. IPOC International Growth Fund Limited of Bermuda pleaded guilty Wednesday to perverting the course of justice and filing false and misleading information regarding the source of a $40 million security deposit that fund officials gave to the Supreme Court for the Eastern Caribbean in 2004 as part of a lawsuit. In a sentencing hearing Thursday, Supreme Court Justice Indra Hariprashad-Charles ordered that government officials confiscate from the fund the $40 million...
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