USA v. Kyriacou et al

  1. May 04, 2020

    Ex-Investment Manager Dodges Prison For Stock, Tax Crimes

    A New York federal judge on Monday declined to sentence a former investment manager with shuttered U.K. brokerage firm Beaufort Securities to prison for market manipulation and scheming to evade the Foreign Account Tax Compliance Act, citing reasons including the lack of actual loss in the case and the danger to inmates posed by the COVID-19 pandemic.

  2. March 04, 2020

    Feds Seek Prison For Ex-Investment Manager In FATCA Case

    New York federal prosecutors have argued that a former investment manager at the now-shuttered brokerage Beaufort Securities should serve time in prison after pleading guilty to violating the Foreign Account Tax Compliance Act as part of stock manipulation schemes.

  3. November 21, 2019

    Ex-Investment Manager Pleads Guilty To FATCA Fraud

    A former investment manager with shuttered English brokerage firm Beaufort Securities has pled guilty in a New York federal court to defrauding the U.S. by violating the Foreign Account Tax Compliance Act, according to the U.S. Department of Justice.

  4. April 02, 2019

    Peddler Of Shell Cos. Gets Time Served For Beaufort Fraud

    A New York federal judge on Tuesday declined to order further incarceration for the general manager of an affiliate of now-shuttered brokerage Beaufort Securities Ltd., deeming the nearly 14 months he's already served in his money-laundering case to be adequate deterrence.

  5. January 24, 2019

    Ex-Loyal Bank CEO Gets Time Served For Offshore Tax Dodge

    The former CEO and head business officer of offshore Loyal Bank Ltd. on Thursday skirted further incarceration for helping a supposed stock fraudster evade detection by U.S. tax authorities, after a New York federal judge deemed his rough term of overseas jail time to be a sufficient deterrent.

  6. December 17, 2018

    Bank Exec Seeks Time Served After FATCA Conviction

    The former CEO of the offshore Loyal Bank Ltd. asked a Brooklyn federal judge on Monday to let him avoid prison after he admitted helping a purported fraudster hide income from United States authorities in the first conviction under the Foreign Account Tax Compliance Act of 2010.

  7. September 11, 2018

    Feds Nab First-Ever FATCA Conviction With Bank Exec's Plea

    The former head business officer and CEO of offshore Loyal Bank Ltd. on Tuesday admitted to setting up multiple opaque bank accounts for a purported stock fraudster in order to evade detection by U.S. authorities in violation of the Foreign Account Tax Compliance Act, the first conviction of its kind.

  8. July 26, 2018

    Feds Notch 1st Plea Deal In Beaufort Fraud Investigation

    A Mauritius man with a law degree who made shell companies for an undercover agent in the Beaufort Securities fraud case admitted to money laundering in Brooklyn federal court Thursday and will face a potential sentence of four to six years behind bars.

  9. March 23, 2018

    Beaufort, Loyal Bank Execs Face More Charges In $50M Fraud

    A New York federal grand jury has returned a superseding indictment slapping four banking executives at Beaufort and Loyal Bank with more charges related to allegations they engaged in a $50 million securities fraud and money laundering scheme, saying their actions constitute conspiracy to defraud the United States.