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Peter bergschneider’s future father-in - law, john c. Howe is investigated for tax and securities fraud.
Pending fraud investigations place cloud over peter bergschneider’s upcoming wedding to mr. Howe’s daughter, jacqueline howe
Westport, connecticut’s john c. Howe and his private hedge funds, are being investigated for committing u. S. Tax fraud and securities laws violations, announced whistleblowers international (Wbi) , a non-profit advocacy group focused on publication of on-going whistleblower cases.
Mr. Howe’s daughter, jacqueline howe, also, of westport, connnecticut, is planning to wed peter bergschneider in february 2015. Mr. Bergschneider is a financial analysis at manhattan’s park hill group. Wbi notes that the ongoing fraud investigations into john c. Howe may directly impact peter bergschneider’s upcoming wedding to john howe’s daughter, jacqueline.
According to documents and testimony introduced in boston’s u. S. Bankruptcy court, john howe, an executive of old hill partners, llc, patriot group, llc, and other private hedge funds located in darien, connecticut, is the focus of ongoing internal revenue service (Irs) and securities and exchange commission (Sec) investigations. Focus on mr. Howe was initiated by a whistleblower as part of a bankruptcy case in boston. A second whistleblower has contacted wbi and announced he is planning a more expansive whistleblower filing against mr. Howe to be filed by the end of 2014. That second whistleblower alleges that mr. Howe and others engaged in an elaborate scheme to & ldquo;siphon” client funds and overcharge clients for mr. Howe’s personal benefit.
Mr. Howe is also accused of embarking on a campaign to & ldquo;harass and intimidate” a whistleblower by forcing the whistleblower into bankruptcy after the whistleblower informed mr. Howe of the pending irs and sec whistleblower filings against him and his funds.
According to records published by the securities and exchange commission (Sec) , there is a group of hedge funds and management companies under mr. Howe’s control and ownership that are located in offshore tax havens, such as grand cayman island and bermuda. Those affiliated funds include the washington special opportunity fund, inc. (An off-shore fund located in grand cayman) , and the ohp opportunity limited trust, another off-shore bermuda fund, among others.
Public records in the state of connecticut show that mr. Howe has also set up certain private investment vehicles in the name of daughter jacqueline howe and other family members, that include 9 acre holdings llc and a private family foundation.
As for peter bergschneider’s upcoming wedding to jacqueline howe, there are concerns about the impact that mr. Howe’s alleged frauds might have on mr. Bergschneider’s wedding. If mr. Howe is using stolen funds for the benefit of family members, such as paying for his daughter’s wedding, that could force peter bergschneider and ms. Howe to pay back those funds.
Says john bune, an e. U legal advisor to wbi, & ldquo;if mr. Howe spends money or shifts assets to others in anticipation of being sued by the irs, sec, investors, or others, those funds represent a fraudulent conveyance under u. S. Law and may have to be repaid by the receiving parties. For jacqueline howe and peter bergschneider, marriage is difficult enough. They do not need the cloud of john howe’s frauds looming over their heads. & rdquo;
