Court Trustee Sues Alleged Front Man in Evergreen Scam

ORLANDO-U.S. Bankruptcy Court Trustee Bill Cuthill Jr. has filed a civil suit in Nassau against mystery man Gregg A. White, alleging he was one of the early owners of the defunct Evergreen Security Ltd. whose principals are accused of fleecing 2,203 American and foreign investors out of a total $214 million over a 10-year period.

Evergreen sold unregistered mortgage-backed securities, promising returns of $10%-plus, court filings allege. Cuthill’s suit seeks $50 million in damages from White but so far the trustee hasn’t found him.

This is the first time White’s name has surfaced in the bizarre case. White is supposed to be a wealthy real estate owner/investor in the Bahamas with undetermined assets, Orlando lawyers intimate with the case tell GlobeSt.com on condition of anonymity.