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Axiom Legal Financing Fund et al v. Timothy Schools et al: Re-Amdended Claim Form

May 21, 2013
Re-Amended Claim Form in JP SPC 1 and JP SPC 4, collectively doing business as Axiom Legal Financing Fund v. Timothy Schools, Rachel Hutson, David Rae, Alec Linsley, Dale Stephenson, Synergy IOM Limited, Check Mate Audits Limited, Synaxus Holdings Limited, Noble Finance Ltd., Sadira Limited, Loret Investments Limited, David Kennedy, Alan Hutson, Hut Consulting Limited, and First For Law Limited at the High Court in London.

Cayman judge reserves judgment in Axiom Legal Financing Fund receivership case

February 1, 2013
After hearing two days of evidence, Justice Angus Foster today reserved judgment on whether Axiom Legal Financing Fund should be placed into Receivership, as the directors and certain investors want, or should be allowed to continue under new management, which is being sought by a British group associated with the Fund's former principal, fraudster Timothy Schools.

Isle of Man FSC v. Louis Group Structured Fund PLC et al: Judgment

February 1, 2013
Judgment in Isle of Man Financial Supervision Commission v. Louis Group Structured Fund PLC, Louis Group Structured Capital Limited, LG SP Investments Ltd., Louis Group International (Europe) Limited, Louis Group SLN Limited, Louis Group (IOM) Limited and Louis Asset Management SA at the Isle of Man High Court.

Axiom Legal Financing Fund: Affidavit of Yolanda McCoy

January 24, 2013
Affidavit of Yolanda Banks McCoy, Head of Investments and Securities at the Cayman Islands Monetary Authority, In the Matter of Axiom Legal Financing Fund at the Grand Court of the Cayman Islands.

Three-way battle for control of Axiom Legal Financing Fund

December 22, 2012
A three-way battle has emerged for control of Axiom Legal Financing Fund, which was exposed as a fraud by OffshoreAlert two months ago. Proposals for receivership, liquidation, and restructuring are scheduled to be heard over two days at the Grand Court of the Cayman Islands starting on January 31, 2013.

Axiom Fund: Investors making one mistake after another

December 17, 2012
Investors in Axiom Legal Financing Fund have until Wednesday to try to block the appointment of KPMG's Kris Beighton and John Milsom as Receivers. Once KPMG is ensconced, it will be extremely difficult, perhaps impossible, to have them removed. For

SEC v. Sam Wyly et al: Michelle Boucher Deposition Transcript

December 7, 2012
Return of Letters Rogatory as to Michelle Boucher, including deposition transcript of Ms. Boucher as an attachment, in U. S. Securities & Exchange Commission v. Sam Wyly, Samuel E. Wyly, Louis J. Schaufele, III, Michael C. French, and Charles J. Wyly, Jr. at the U. S. District Court for the Southern District of New York.

George Davidson et al v. Khaldoun Moualem et al: Judgment

December 4, 2012
Judgment in George Davidson, Maureen Davidson, and Allendale Limited v. Khaldoun Moualem, Starmount Securities Limited, Martin Slowe Estates Limited, Martin Slowe, and Finer Homes Limited at the Grand Court of the Cayman Islands.

Timothy Schools: Threatening Letter to Conference Hotel

November 22, 2012
Letter on behalf of Timothy Schools sent to Manager of The May Fair Hotel, in London on November 22, 2012 warning of "the threat" posed by OffshoreAlert's publisher, David Marchant, and advising that the hotel could be "named" in legal proceedings against OffshoreAlert

Axiom Legal Financing Fund: The Lunacy Continues

November 20, 2012
In a letter to investors today, Axiom's directors stated that "We would encourage any party who has evidence as to wrongdoing with respect to the Fund to provide that information to the appropriate authorities." Yet, over three weeks ago, OffshoreAlert

Axiom fraud leaves offshore providers exposed to massive claims for damages

November 19, 2012
Offshore providers in the Cayman Islands, Isle of Man, and Switzerland face huge liabilities after allowing insiders to loot Axiom Legal Financing Fund of tens of millions of pounds. Those most at risk from being sued by Axiom's eventual liquidators appear to be DMS Group, JP Funds Group, BDO Cayman, and Ogier, all in the Cayman Islands; Turnstone Group, in the Isle of Man; and Portland Financial Management, of Switzerland.

Axiom Legal Financing Fund: Time for investors to take control

November 15, 2012
In their most recent letter to investors dated November 14, Axiom Legal Financing Fund's directors stated that an Extraordinary General Meeting will be held in December so that they can "present proposals regarding the continued management of the Fund". In

A message to investors of Axiom Legal Financing Fund

November 6, 2012
The bad news is you have been defrauded of your investment in Axiom Legal Financing Fund. The sooner you accept this, the quicker you can start taking steps to recover some of your losses. The good news is that the

Axiom Legal Financing Fund appears to be a Ponzi scheme

November 5, 2012
New evidence uncovered by OffshoreAlert indicates that the recently-suspended Axiom Legal Financing Fund is hopelessly insolvent as a result of self-dealing and fraud by insiders. The Cayman Islands-domiciled Fund, which has raised more than £117 million, appears to be a Ponzi scheme.