$20 MILLION SCAM PROCEEDS RECOVERED FROM SAMOA BANK

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WELLINGTON, New Zealand (RNZI, Aug. 27) – United States
prosecutors credit the Samoan government with helping recover more than US$20
million hidden in nine accounts in an Apia bank.

The ANZ accounts in Apia held money from an investment scheme
that operated out of Seattle, Washington.

Six defendants, including American Samoan William Cravens, have
either pleaded guilty or been convicted during a trial on charges of fraud and
conspiracy.

The defendants defrauded more than 3,000 people in the U.S. and
Canada of about US$76 million over a four-year period.

August 28, 2003

Radio New Zealand International: http://www.rnzi.com/ 

 

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