Okke Ornstein and Ties to the Marc Harris Organization
Saturday, June 23 2007 @ 05:52 AM EST
Contributed by: - The promotional brochure for The Tulip Fund says it best -
"President of Tulip and in charge of investment decisions is Okke Ornstein, who used to work as a journalist and television producer before starting Tulip. Ornstein became interested in ethical investment while producing a television series on the subject in the Netherlands, and has monitored it’s increasing popularity since." (Date: 31 October 2002)
Panama regulators act against Tulip Fund - Within 24 hours of being tipped off by KYC Alert, the Panamanian Securities Commission (La Comisión Nacional de Valores) has issued a warning against an unlicensed mutual fund with links to The Harris Organization. The Tulip Fund was registered as a legal entity in Panama on June 14, 2002 under the name of Tulip Universal Project S. A. and its registered agent is Maximiliano Hidalgo, who works for Marc Harris. The registered address of the firm is Balboa Plaza Building, Office 501, Balboa Avenue, Panama, Republic of Panama, from which Marc Harris was evicted in June for non-payment of $47,832 in rent.
The President of Tulip Universal Project SA is Okke Ornstein, a Dutch national who is the investment manager for the Tulip Fund. Directors of the firm are Ornstein, who is a friend and client of Marc Harris; Yanitza McClean (now Yanitza Ornstein) and Magali de McClean, who both work for Harris. The mailing address of the Tulip Fund is P. O. Box 6 1097 El Dorado, Panama City, which is registered to The Harris Organization, and its billing contact is Yanitza de Gonzalez, who is Marc Harris' long-time personal assistant. Faced with mounting debts and eviction from his commercial space, Marc Harris left Panama for Nicaragua earlier this year. His group now operates under the name of Mitchell Astor Gilbert Trust Company. (more)
One Flew Over the Tulip Field
Update on Okke Ornstein and the Tulip Fund:
$100,000 Reward offered by The Tulip Fund for the arrest and criminal conviction of OffshoreAlert's publisher after the fund's unlicensed activity was exposed by KYC News.
The Tulip Fund was registered as a company in Panama in the name of Tulip Universal Project S. A. but was never licensed as a collective investment scheme, causing the Panamanian Securities Commission to issue a warning against the company.
The Tulip Fund was operated by Dutch national Okke Ornstein and its addresses, officers and directors were all linked to the fraudulently-operated Marc Harris Organization, of which they were directors, employees or promoters.
In May, 2004, a U. S. court sentenced Marc Harris to 17 years in prison after he was convicted of money laundering and tax evasion. Ornstein denied that Tulip shares were being sold to the general public, even though The Tulip Fund's web-site openly solicited the public to buy "redeemable shares", advertised at Yahoo! and members of the public who responded to advertisements were sent a promotional brochure that, inter alia, discussed arrangements for "pension or education plans" to invest in the fund. Less than one year after formation, The Tulip Fund went out of business.
No. de Ficha: 418636
No. Documento: 358836
Nombre de la Sociedad: TULIP UNIVERSAL PROJECT, S.A.
Tomo: 0 Folio: 0 Asiento: 0
Fecha de Registro: 14-06-2002 Status: VIGENTE
No. de Escritura: 3536 Fecha de Escritura: 23-05-2002
NOTARIA QUINTA DEL CIRCUITO
Provincia Notaria: PANAMA
Duración: PERPETUA Domicilio: PANAMA
Status de la Prenda: (DEF-DEFINITIVA, PRE-PRELIMINAR)
Datos de 1a. Tasa Única
Boleta: 0 Fecha de Pago: 00-00-0000
Agente Residente: MAXIMILIANO A. HIDALGO A.
Datos del Diario
Tomo: 2002 Asiento: 60184
Moneda: DOLARES AMERICANOS.
Monto de Capital: 10,000.00
EL CAPITAL SOCIAL DE LA SOCIEDAD ES DE DIEZ MIL DOLARES, MONEDA DE CURSO LEGAL DE LOS ESTADOS UNIDOS DE AMERICA ($10,000.00) DIVIDIDO EN DIEZ MIL (10,000) ACCIONES QUE PODRAN SER NOMINATIVAS O AL PORTADOR DE UN VALOR NOMINAL DE UN DOLAR ($1.00) CADA UNA.
LA REPRESENTACION LEGAL DE LA SOCIEDAD LA TENDRA EL PRESIDENTE Y EN SU AUSENCIA LA OSTENTARA EL SECRETARIO, EN SU DEFECTO, EL TESORERO, O BIEN LA PERSONA QUE ELLOS DESIGNEN.
Título del Dignatario Nombre del Dignatario
PRESIDENTE OKKE ORNSTEIN
TESORERO MAGALI DE MCCLEAN
SECRETARIO YANITZA MCCLEAN
Nombre de los Directores
MAGALI DE MCCLEAN
Nombre de los Suscriptores
MAGALI DE MCCLEAN
Datos del Oficio
Quiebra o Fusión
Datos del Diario
Datos de la Escritura
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