Front Page Of The Indy

[When Skies Are Grey]

I see that two of the people involved in the company trading in the fake Viagra have been convicted and await sentencing. The other "Directors" of the company were acquitted on the basis that there was no case to answer for them.

 

Its interesting in the current regulatory climate that the "nominee" defence would hold up, but it obviously has. I wonder if this will have wider implications for CSPs.

[Lonan3]

They'll have to stiffen their resolve.

[ai_Droid]

I see that two of the people involved in the company trading in the fake Viagra have been convicted and await sentencing. The other "Directors" of the company were acquitted on the basis that there was no case to answer for them.

 

Do you think they came down too hard on them?

[slinkydevil]

Looks like a cock up to me.

[TerryMcCann]

You'd certainly hope there were stiff sentences handed down in cases like this

[slinkydevil]

Of course it all depends what you are caught doing. For example if you choked the Bishop you might go down for longer than if you spanked the monkey - although some animal rights bods may disagree.

[Minxie]

They must be hardened criminals

[ans]

They'll be up all night worrying about the sentence.

[Spartacus]

Fake Viagra eh?

 

The evidence will never stand up in court..

[cheesemonster2005]

I hope the court case will keep going for longer

[Gladys]

I see that two of the people involved in the company trading in the fake Viagra have been convicted and await sentencing. The other "Directors" of the company were acquitted on the basis that there was no case to answer for them.

 

Its interesting in the current regulatory climate that the "nominee" defence would hold up, but it obviously has. I wonder if this will have wider implications for CSPs.

Not read the report, although I will, because if it does allow some mitigation for 'nominees' (no such thing, I have always believed) it would be a very interesting development. Is it not more that the acquitted directors were not actively involved in the scam but took every step a reasonable, professional person acting in that capacity could be expected to take?

[cheeky boy]

I have met with one of the major players in this case and he's an absolute fucking 22 carat solid gold chancer

 

I imagined that with our "AAA" credit rating, dodgy types like this would be persona non grata over here

 

The whole case stinks of 1980s shady offshore SIB style front companies

 

Pretty stupid to whinge about hardworking immigrants undermining the economy when real damage could be done by a few flash twats like this

[Gladys]

Was he a player or a (disreputable) front man?

[R_ReaVeR]

I see that two of the people involved in the company trading in the fake Viagra have been convicted and await sentencing. The other "Directors" of the company were acquitted on the basis that there was no case to answer for them.

 

Its interesting in the current regulatory climate that the "nominee" defence would hold up, but it obviously has. I wonder if this will have wider implications for CSPs.

Not read the report, although I will, because if it does allow some mitigation for 'nominees' (no such thing, I have always believed) it would be a very interesting development. Is it not more that the acquitted directors were not actively involved in the scam but took every step a reasonable, professional person acting in that capacity could be expected to take?

 

From what I know, the "nominee" defence did not hold up, the case against the 3 CSP "nominee" directors/company secretary was dropped for another reason. Where "nominee" directors have not taken part in the "crime" and taken all reasonable steps, this has not prevented them being punished in the past by the IOM courts. Unfortunately certain CSP's will continue to bring the IOM under the spotlight for the wrong reasons, this not being the CSP in questions first court case and most certainly not its last.

[wideload]

probably one of the reasons behind them changing their name ever year or so.