Agency: FBI
Originator: FBI
From: STOY, THOMAS H.
To: DIRECTOR, FBI
Document date: 07/30/1963
Document type: PAPER, TEXTUAL DOCUMENT

## Page 1

Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Note).

DATE: 11-14-2017

JFK Assassination System

Date:

Identification Form

5/1/2015

Agency Information

AGENCY :

RECORD NUMBER :

FBI

124-10226-10413

RECORD SERIES :

HQ

AGENCY FILE NUMBER :

63-7985-118

Document Information

ORIGINATOR:

FROM:

TO:

TITLE :

FBI

STOY, THOMAS H.

DIRECTOR, FBI

DATE: 07/30/1963

PAGES:

31

SUBJECTS :

ISW, JHO, ADO, REVIEW, PLETTS INSURANCE CO., INTV,

CANCELLED CHECKS, PENSION FUND, AMERICAN A/O

OVERSEAS UNDERWRITERS, INC.

DOCUMENT TYPE: PAPER, TEXTUAL DOCUMENT

CLASSIFICATION : Unclassified

RESTRICTIONS: 4

CURRENT STATUS : Redact

DATE OF LAST REVIEW: 05/28/1998

OPENING CRITERIA: INDEFINITE

COMMENTS: INC A/T

v9.1

DocId: 32300133

Page 1

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## Page 2

Released, under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote).

DATE: 11-14-2017

MM 62-4956

FRED PHILLIPS of the Registrar General's Depart-

ment, (commonly called Registry Office), Nassau, Bahamas,

has been known to the reporting Agent for a number of years

and has always been most cooperative. He was furnished a

list of the various insurance companies, agencies and firms

described in report of SA WILLIAM F. HOOD, JR.,

January 31, 1963, at Chicago, in the case

entitled "JAMES

RIDDLE HOFFA; CHARLES W. BRAY; ET AL" (Bureau file 63-7893),

but found that only the

following were registered:

British International Insurance Company, Ltd.;

Tropical Holdings, Ltd.;

Jonsphilips, Ltd. together with Intercontinental

Life and General Insurance Company, Ltd., which

turns out to be a firm operated by

JOHN MICHAEL

KEARNEY.

FD 302's are set out concerning the registry of

these four firms.

PHILLIPS stated that during July 16-18, 1963,

he had attempted to make discreet inquiries among his

contacts in the pertinent law firms as to the true

ownership of these companies but had met no success,

probably because the firms are inactive and the files in

the law firms would not be accessible to his contacts.

STANLEY R. MOIR

gation Branch, Bahamas Police, upon being

Superintendent, Criminal Investi-

asked about

TAYLOR ALBURY, STEVENSON and MOREE, officers and directors

stated that they were all members of the extreme

left wing of the Progressive Llberal Party and that it

interviewed, the next edition of STEVENSON's paper,

"The

Herald" would doubtless have a big headline about the FBI

snooping around the Progressive Liberal Party. For this

reason, no direct contact with these people is contemplated;

It further being suggested that they are merely figurehead

officers in this firm which actually was run by JOHN MICHAEL

KEARNEY .

- COVER PACE -

63-7985-118

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## Page 3

Released under the John F. Kennedy Assassination Records Collection Act of 1992 (11 USC 2107 Note).

DATE: 11-14-2017,

MM

62-4956

Mr. FRED PHILLIPS of the Registrar General's

Department,

6,000 corporations listed in the Registry Office,

probably 75% of these corporations having been founded

the growing awareness

among

American investors and operators, of the tax advantages

offered by the Bahama Islands.

Mr. PHILLIPS further stated that approximately

half of these corporations are bona fide visibly operating

Mr. PHILLIPS stated that these reports consist

simply of any changes in officers, directors, capitali-

zation, etc. No reports are required as to operations,

finances, or employees or stock transfers.

Mr. PHILLIPS further added that there is a

statutory penalty of five pounds ($14.00) for each day

of delinquency in filing these reports, however, this

penalty is never imposed. Therefore,

Mx. PHILLIPS pointed

out, as to these 3,000 or so corporations whose operations

are not visible, and who do not file their reports, the

Registry Office

has only a list of incorporators, officers

and directors. Typically, such firms are incorporated by

an attorney whose fees run

from 100 guineas ($294.00) to

$600.00, the latter figure being that charged by STAFFORD

L. SANDS, the leading Nassau Attorney.

When such firms are thus founded through an

attorney's office, the stockholders, officers and directors

will invariably be clerical personnel of the attorney's

office and sometimes the attorney himself.

The purpose,

of course, being to obscure the true owners and operators

of the corporation. Mr. PHILLIPS stated that the incorpor

ating attorney, of course, will not furnish any information

as to the true

owners of the corporation, advancing the

attorney - client relationship as his reason.

• C-

- COVER RACE =

63-7985-118

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## Page 4

"Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote) .

DATE: 11-14-2017.

FD-302 (Rev. 1-25-60)

FEDERAL BUREAU OF INVESTIGATION

7/26/63

Date

Ltd. was organized October 16, 1961 with an authorized

capital of 10,000 shares at one pound each. The officers,

directors and subscribers are shown as follows:

President-Director LIONEL LEVINE, Nassau

Solicitor;

Vice President-Director BARBARA MARIAN GAMBLIN,

Nassau Clerk;

Secretary-Treasurer and Director ANN MARGARET

BUNTING, Nassau Secretary;

DOUGLAS

EUGENE: DUNCOMBE, Nassau Bookkeeper;

EUS TACE GORDON CHEE, Nassau Bookkeeper.

Each of the above owned one share.

Mr. PHILLIPS commented that the above people

are, to his knowledge, employees of the law firm of

STAFFORD L. SANDS in Nassau.

The articles and Memorandum of Association

contain. 48 "objects"

branches".

The remaining 47 paragraphs set forth various

powers to do business.

remain the para

corporation is shown as building 309, north side of Bay

Street, which MI. PHILLIPS observed is the law office of

a put a bored do te

The registered office of the

STAFFORD L. SANDS •

The file further shows that as of May 16, 1962,

following a meeting, the officers and directors are now:

President-Treasurer-Director JOHN T. RUDDY,

Nassau Executive;

Vice President-Secretary and Director JAMES W.

EAGAN, Denver, Colorado Executive.

7/16/63

On

Nassau, Bahamas

at

Miami 62-4956

File #

by

SA ALEX G. B. RADCLIFFE: jgm

Date dictated

7/22/63

This document contains nether recommendations nor conclusions of the FBI. It is the property of the FBI and is loaned to

your agency; it and its contents are not to be distributed outside your agency.

iy

63-1985-118

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## Page 5

Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote).

DATE: 11-14-2017

FD-302 (Rev. 1-25-60).

FEDERAL BUREAU OF INVESTIGATION

7/26/63

Date

Mr. FRED PHILLIPS of the Registrar General's

office, (commonly called the Registry Office), produced

the file on the Intercontinental Life and General Insurance

Company, Itd., which was organized June 14, 1962 with an

authorized capital of 1,000 shares at one pound each.

The subscribers were shown as:

ANNE MARIE BUNTING, Secretary Executive -

Nassau;

EUSTACE GORDON CHEE, Nassau Bookkeeper •

Each of the above,

according to the files,

subscribed for one share each.

The "objects" of the firm were detailed in

48 paragraphs, the first of which is

"To carry on the

business of an insurance company in all its branches",

the other 47 paragraphs setting forth other related

powers.

The officers and directors of the firm were

shows as:

President-Director HENRY MILTON TAYLOR;

Nassau company Director;

Vice President-Director PRESTON ALBURY, Company

Director;

Vice President-Director CYRCIL ST. JOHN

STEVENSON,

Nassau Company Director;

LYCIUS MOREE, Company Director of Nassau;

Secretary-Treasurer-Director JOHN MICHAEL

KEARNEY, Executive.

There were no entries subsequent to June 14,

1962.

On

7/16/63

- at

Nassau, Bahamas

File #

Miami 62-4956

by

SA ALEX G. B. RADCLIFFE: jgm

Date dictated

7/22/63

This document contains neither recommendations nor conclusions of the FBI. It is the property of the FBl and is loaned to

your agency; it and its contents are not to be distributed outside your agency.

15-

63-7985-118

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## Page 6

(Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Note).

DATE: 11-14-2017.

MM

62-4956

2.

Mr. PHILLIPS stated that the subscribers are

all employees of the office of STAFFORD I. SANDS, prominent

Nassau Attorney.

Mr. PHILLIPS further pointed out that the officers,

TAYLOR, ALBURY, STEVENSON and MOREE, are all prominent

members of the

progressive Libera. Party of the Bahamas,

adding that CYRIL ST

JOHN is publisher of the Nassa

Herald', the organ of that political party, and that

HENRY MILTON TAYLOR has operated several small tinancial

Instituttong connected with that political party.

MI. PHILLIPS stated that he understands that

MI. KEARNEY is an American citizen and has operated

several firms in Nassau recently.

16

63-7985-118

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Page 6

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## Page 7

Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote) .

DATE: 11-14-2017

FD-3,02 (Rev: 1-25-60)

FEDERAL BUREAU OF INVESTIGATION

7/26/63

Date

FRED PHILLIPS of the Registrar General's Depart-

ment, (commonly called the Registry Office), Nassau, Bahamas,

furnished a file relating to Tropical Holdings, Ltd. which

showed that this name was assumed after an extraordinary

been received in this file.

The file shows that Ventrues, Ltd. was incorporated

March 8, 1957 with an authorized capital of 1,000 shares

at one pound each. The subscribers and directors are

shown as:

President-Treasurer and Director PETER DONALD

GRAHAM, Nassau Attorney;

Secretary and

Director JOLANTA MARIA GRAHAM,

Nassau Economist and Secretary;

DIrECtOr DAISY MARGARETTA BETHEL, Nassau Secretary;

EDITH LUCRETIA GRAHAM, Nassau widow;

IDA POPLOWSKI, Nassau widow.

one share of stock.

Each of the above persons were shown as owning

MX. PHILLIPS commented that each of the above

persons is either connected with the law office of PETER

DONALD GRAHAM or is related to him, adding that the

registered office of the firm is located in the Rootes

Building where MI. GRAHAM maintains his office.

The "objects" of this firm are set out in 39

and pledge securities and obligations

and brokers in such securities.

7/16/63

Nassau, Bahamas

Miami 62-4956

On

at

_ File #

by

SA ALEX G. B. RADCLIFFE: jgm

Date dictated

7/22/63

This document contains neither recommendations nor conclusions of the FBI. It is the property of the FBI and is loaned to

your agency; it and its contents are not to be distributed outside your agency.

17

63-7985-118

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## Page 8

Released under the John F. Kennedy Assassination Records Collection Act Of 1992 (44 USC 2107 Mote) .

DATE: 11-14-2017,

FD-302 (Rev: 1-25-60)

FEDERAL BUREAU OF INVESTIGATION

Date

7/26/63

Mr. FRED PHILLIPS of the Registrar General's

Department, (commonly called the Registry Office),

129924

Bahamas, furnished a file on the British Inter-

nation&l Insurance Company, Ltd., which was organize

January 26, 1960 with an authorized capital of 1,000

shares at one pound each. The officers, directors and

subscribers are shown as:

President and Director STAFFORD LOFTHOUSE SANDS,

Nassau Attorney;

Vice President-Treasurer and Director BARBARA

Nassau Clerk;

Nassau secretary;

MARY CATHERINE MALONE, Secretary;

YVONNE ARANHA, Secretary.

Each of the above held one share of stock.

The last entry in this file was a report of

an extraordinary meeting held July 18, 1961 wherein an

additional 249,000 shares of stock were created, making

a total of 250,000 shares at one pound each. Also it

was shown that following this meeting, DOUGLAS EUGENE

DUNCOMBE was elected Secretary replacing EILEEN HART DE

GREGORY •

The articles and Memorandum of Association

contained 48 paragraphs or "objects", the first of which

is "To carry on the business of an insurance company in

The registered office of the firm is building 309, north

side of Bay Street, which is the office of STAFFORD SANDS,

prominent Nassau Attorney, according to Mr. PHILLIPS,

who also pointed out that

all the names appearing in the

file are those of employees of Mr. SANDS.

7/16/63

Nassau, Bahamas

Miami62-4956

On

File #

by

SA ALEX G. B. RADCLIFFE: jgm

_ Date dictated

7/22/63

This document contains neither recommendations nor conclusions of the FBI. It is the property of the FBI and is loaned to

your agency; it and its contents are not to be distributed outside your agency.

18

63-1985-118

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## Page 9

Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote).

DATE: 11-14-2017.e

MM 62-4956

Superintendent W. G. BAILEY of the Criminal

MILTON KEARNEY's business

continental Companies was

W. G. ELCOCK, owner of the

Hampshire House.

Mr. BAILEY stated that ELCOCK is a fugitive

from the United Kingdom being wanted there on a fraud

charge which is not extraditable. MI. BAILEY stated

that no cooperation could be reasonably expected from

ELCOCK.

Efforts were made to contact ELCOCK during

July 17 & 18, 1963.

late July 18

and did not wish

63-7985-118

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