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Any whiff of offshore funds has become a political liability.
Electronic banking is providing easier access to untaxed offshore funds.
It also said 2.5 million acres were owned by private and offshore funds.
As people rushed to invest, offshore funds were set up as well.
His I.R.A. would have invested through the offshore funds, they said.
Wealthier individuals may be interested in offshore funds, which are not regulated by American authorities.
Offshore funds, not covered by American regulations, offer higher-risk investments, including bets against the market.
Cameron replied: "I own no shares, no offshore trusts, no offshore funds, nothing like that.
The next year, Appalachian lost nearly 21percentt, according to the U.S. Offshore Funds Directory.
I have no shares, no offshore trusts, no offshore funds, nothing like that.
Other than offshore funds, the big theme of the hearing was confusion.
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