{"id":17974,"date":"2012-02-14T09:45:03","date_gmt":"2012-02-14T14:45:03","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=17974"},"modified":"2012-02-14T10:41:46","modified_gmt":"2012-02-14T15:41:46","slug":"bahamas-based-business-named-in-fraud-case","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/02\/bahamas-based-business-named-in-fraud-case","title":{"rendered":"Bahamas-Based Business Named In Fraud Case"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-17982\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"fraud\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/02\/fraud.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/02\/fraud.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/02\/fraud-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/>ATLANTA (CN) &#8211; A married couple claim in Federal Court that a broker took them for $125,000 with the promise he would use it to get a $500 million &#8220;bank guarantee.&#8221;<\/p>\n<p>Terry and Judy Kane claim the broker, Michel Galarneau, used fraudulent documents purporting to be from HSBC bank and promised to produce a $500 million bank instrument to trick them into handing over $125,000 to put into an &#8220;escrow account.&#8221;<\/p>\n<p>The Kanes sued Galarneau, his Bahamas-based business Oasis Group of Companies, and his partner John Diak. Also named as defendants are Atlanta architect David Hauseman and his companies The Hauseman Group and Tilghman Development Company.<\/p>\n<p>The Kanes say Galarneau, a Canadian citizen, and his partner John Diak, who has &#8220;fled&#8221; to South America, claimed they could produce bank guarantees to help investors fund projects, in exchange for an upfront fee.<\/p>\n<p>&#8220;In October 2010, the plaintiffs were approached by defendant Galarneau under the guise that Galarneau could and would produce a bank instrument in the form of a &#8216;bank guarantee&#8217; or a &#8216;stand-by letter of credit&#8217; from HSBC bank in England or Hong Kong,&#8221; the complaint states. &#8220;The instrument would be usable for the purposes of monetization for a period of one year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A married couple has launched a lawsuit against a broker with a Bahamas-based business, claiming he ripped them off $125,000. <\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[83,151,247],"class_list":["post-17974","post","type-post","status-publish","format-standard","hentry","category-business","tag-banks","tag-court","tag-fraud"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=17974"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17974\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=17974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=17974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=17974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}