Ex-Loyal Bank CEO Gets Time Served For Offshore Tax Dodge

Law360, New York (January 24, 2019, 8:50 PM EST) -- The former CEO and head business officer of offshore Loyal Bank Ltd. on Thursday skirted further incarceration for helping a supposed stock fraudster evade detection by U.S. tax authorities, after a New York federal judge deemed his rough term of overseas jail time to be a sufficient deterrent.

Adrian Baron, 64, a citizen of the U.K. and Saint Vincent and the Grenadines, previously admitted to directing others at Loyal Bank to set up bank accounts for an undercover law enforcement agent, who posed as a U.S. fraudster involved in multiple stock manipulation schemes on the hunt for corporate accounts he could control...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS