Apr 23, 2003 (The Australian Financial Review - ABIX via COMTEX)
The principals in the Evergreen financial scheme are facing court in the US. Many Australians lost money in the venture. Two companies, Evergreen International Spot Trading and First Equity, are alleged to have operated as a front. Investors were lured with the promise of large financial returns. The fraud was revealed after the collapse of World Trade Centre buildings in New York, where the company had its offices. The perpetrators disappeared with over $US110 million. Several executives from the ...