Outing Offshore Scammers

Release Date: 14 October 1998

David Marchant, of Offshore Alert, will address the audience of Shorex '98 The International Money Show in London on 20 October 1998. An investigative offshore business journalist, David Marchant was expelled from Bermuda in 1996 for exposing sharp practices and incompetence. He is also due to stand trial in Florida next year where he will defend a $30 million libel lawsuit brought by Marc Harris - an American offshore provider based in Panama - whom he exposed at Shorex '97. At Shorex '98 he will tell the audience how they can avoid being swindled by offshore financial services providers.

Ordinary people collectively lose hundreds of millions of dollars each year in offshore scams, many of which are so audacious they are scarcely believable. Like the one where a group of conmen invented a country and sold bank licences and attorney's certificates for a hefty fee to gullible investors.