Bermuda hedge fund implicated in alleged $30 million investment scam

By David Marchant

17 years ago

Topics

Keywords

Bank of Valletta Coadum Advisors Inc. Coadum Capital Fund I LLC Coadum Capital Fund II LP Coadum Capital Fund III LP

Exodus Equities, Inc. Exodus Platinum Genesis Fund Ltd. James Jeffery Mansell Acquisition Company LP Mansell Capital Partners III LLC Thomas Repke

[ 6 more... ] [ top 5 ]

A Bermuda hedge fund has emerged as a key component of an alleged $30 million fraudulent investment scheme.
Exodus Platinum Genesis Fund Ltd., which was incorporated in Bermuda on November 3, 2006, received at least $5.8 million of investor funds in an account at the Bank of Valletta, in Malta, even though the Fund was never operational, according to the Securities and Exchange Commission.

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