Drillships Ocean Ventures Inc.: Winding Up Petition
Winding Up Petition In the Matter of Drillships Ocean Ventures Inc. at the Grand Court of the Cayman Islands.
Drillships Financing Holding Inc.: Winding Up Petition
Winding Up Petition In the Matter of Drillships Financing Holding Inc. at the Grand Court of the Cayman Islands.
Solicitors Regulation Authority v. Alan Hutson et al: Judgment
Judgment in Solicitors Regulation Authority v. Alan George Hutson and Rachel Mary Hutson at the Solicitors Disciplinary Tribunal.
White Sail Shipping Ltd. v. Horndom Ltd.: Claim Form
Claim Form in White Sail Shipping Limited v. Horndom Limited at the British Virgin Islands High Court.
Marlborough Trust Company Ltd. et al: Regulatory Penalties
Public Notice by Guernsey Financial Services Commission announcing regulatory penalties against Marlborough Trust Company Limited, Marlborough Nominees Limited, Nicholas Robert Hannah, Adrian Bradley Howe, David Charles Enevoldsen, and Benjamin John Tustin regarding Arch Guernsey ICC Limited.
Navig8 Pool Inc. v. Tadema Shipping & Logistics Inc.: Liquidation Application
Liquidation Application in Navig8 Pool Inc. v. Tadema Shipping & Logistics Inc. at the British Virgin Islands High Court.
Navig8 Pool Inc. v. Taleveras Petroleum Trading Ltd.: Liquidation Application
Liquidation Application in Navig8 Pool Inc. v. Taleveras Petroleum Trading Ltd. at the British Virgin Islands High Court.
Axiom Fraud: Solicitors Regulation Authority v. Christopher Hale: Judgment
Judgment in Solicitors Regulation Authority v. Christopher Hale at the Solicitors Disciplinary Tribunal.
Unicorn Worldwide Holdings Ltd. et al v. Gail Alison Cochrane: Claim Form
Claim Form in Unicorn Worldwide Holdings Limited, Glen Moar Properties Limited, Ballaugh Holdings Ltd., Bridge Properties (Arena Central) Ltd., and Specialty Finance Ltd. v. Gail Alison Cochrane at the British Virgin Islands High Court.
Simetra Global Assets Ltd. et al v. Patrick Cunningham: Petition for Judicial Assistance
Petition for Judicial Assistance in Simetra Global Assets Limited and Richcroft Investments Limited v. Patrick Cunningham at the U. S. District Court for the Southern District of New York.
US indicts 7 for alleged $20 m fraud involving Bermuda ‘reinsurer’
Seven people have been criminally indicted in the United States for an alleged securities fraud involving purported reinsurer Gerova Financial Group - a former Cayman Islands firm that moved to Bermuda - that brought them nearly $20 million in profits.
USA v. $1.8 m in Sberbank of Russia Account: Forfeiture Complaint
Complaint to Forfeit $1.8 m in a Sberbank of Russia Account at Deutsche Bank Trust Company Americas at the U. S. District Court for the District of New Jersey.
BHP Billiton Marketing AG v. Glory Wealth Shipping Service Ltd.: Injunction Order
Injunction Order in BHP Billiton Marketing AG v. Stuart Mackellar, in his capacity as liquidator of Glory Wealth Shipping Service Ltd. (in liquidation), at the British Virgin Islands High Court.
British swindler Tim Schools settles £108M Axiom Legal Financing Fund fraud complaint
British fraudster Timothy Schools has settled a fraud complaint that was filed at the High Court in London by the Receivers of Cayman Islands-domiciled Axiom Legal Financing Fund on behalf of investors who were swindled out of £108 million.
JP SPC 1 and JP SPC 4: Order Approving Litigation Settlement
Order Approving Settlement with Timothy Schools, Dale Stephenson, Noble Finance Limited, Sadira Limited, Loret Investments Limited, Claire Schools, Solis International Foundation, Sophie Schools, Kellie Schools, Lisa Schools, Sara Stephenson, Kompali AG, Sarin International Foundation, Midus Assets LLC and Monty Holdings Limited In the Matter of JP SPC 1 and JP SPC 4, doing business as Axiom Legal Financing Fund, at the Grand Court of the Cayman Islands.
Portland Financial Management Group directors accused of ‘hampering’ liquidation
Secretive Delaware firm Treadstone Corporate Services LLC and two British nationals - Anthony Smith and Timothy Eddolls - who helped swindle investors in Cayman Islands-domiciled Axiom Legal Financing Fund have been accused of 'hampering' the liquidation of three investment firms in England that, like Axiom itself, appear to have been operated fraudulently.
Flame S.A. et al v. Industrial Carriers, Inc. et al: Memorandum Opinion
Memorandum Opinion in Flame S.A., domiciled in Switzerland; Glory Wealth Shipping Pte Ltd., domiciled in Singapore; and Noble Chartering, Inc., domiciled in the British Virgin Islands, v. Industrial Carriers, Inc., domiciled in the Marshall Islands; Vista Shipping, Ltd., domiciled in the British Virgin Islands; and Freight Bulk Pte. Ltd., domiciled in Singapore, at the U. S. District Court for the Eastern District of Virginia.
Axiom founder Timothy Schools received £81 m of £108 m swindled from investors, claim Receivers
British attorney Timothy Schools and entities he wholly or partly beneficially owned received £81 million of the £108 million that was swindled from investors in Cayman Islands-domiciled Axiom Legal Financing Fund, the Fund's Receivers have claimed in an amended complaint filed at the High Court in London.
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Alan Hutson et al
Defense of Alan Hutson, Rachel Hutson, Hut Consulting Limited, and First for Law Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Axiom Legal Financing Fund v. Timothy Schools et al: Claire Schools Freezing Order
Worldwide Freezing Order against Claire Schools and Solis International Foundation in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Axiom Legal Financing Fund v. Timothy Schools et al: Amended Complaint
Amended Particulars of Claim in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Axiom Legal Financing Fund conspirator Portland Financial goes bust
Portland Financial Management Group, which helped Tim Schools defraud Axiom Legal Financing Fund and launder the proceeds, has collapsed amid regulatory problems and substantial debts. The group's principals, Anthony Smith, Tim Eddolls and Connie Rodrigues, now operate under new names:Â Prestige Financial Management, Cavendish Financial Management, Corbus Portfolio Solutions, and Corbus Private Clients.
Hugh Montgomery v. Portland Financial Management (UK) Ltd. et al: Complaint
Particulars of Claim in Hugh Montgomery v. Portland Financial Management (UK) Limited, Timothy David John Eddolls, Anthony Paul Smith, and London Property Holdings Limited at the London High Court.
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Kennedy
Defense of David Kennedy in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Rae
Defense of David Rae in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Rachel Hutson
Defense of Rachel Hutson in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Timothy Schools et al
Defense of Timothy Schools, Dale Stephenson,Synergy IOM Limited,Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, Loret Investments Limited in JP SPC 4 and JP SPC 1, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Cayman judge sanctions Axiom Receivers to take action in Canada, Isle of Man and Switzerland
A Cayman Islands judge has authorized the Receivers of Axiom Legal Financing Fund to take legal action in Canada, the Isle of Man, and Switzerland in an attempt to recover assets for investors, including an application to remove Andrew Andronikou as administrator of British law firm Rohrer & Co.
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Synaxus Holdings
Defense of Synaxus Holdings Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
Axiom Legal Financing Fund: Order Sanctioning Actions
Order sanctioning actions by the Receivers In the Matter of Axiom Legal Financing Fund at the Grand Court of the Cayman Islands.
London High Court freezes assets of Timothy Schools over Axiom investment fraud
The assets of British attorney Timothy Schools and related parties have been frozen in England by the receivers of Cayman-domiciled Axiom Legal Financing Fund, who are also suing them for £110 million, alleging misappropriation of investors' funds.
Axiom Legal Financing Fund: Receivers’ First Report
First Report to investors from Receivers of Axiom Legal Financing Fund, June 27, 2013.
British law firm owes Axiom Legal Financing Fund £61M, says administrator
Insolvent Ashton Fox Solicitors owes failed Cayman Islands-domiciled Axiom Legal Financing Fund "approximately £60.8 m" but that is only an estimate "due to the paucity of the Company's accounting records", reported the law firm's joint administrator on May 15.
Axiom Legal Financing Fund et al v. Timothy Schools et al: Re-Amdended Claim Form
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.
British attorney Steven Goodman claims he is owed £25M by now-defunct Tangerine Investment Management
British attorney Steven Goodman, who is associated with insiders of the fraudulently-operated Axiom Legal Financing Fund, claims to be owed £25.7 million by the insolvent Fund's former investment manager.
VTB Capital Plc v. Nutritek International Corp. et al: Judgment
Judgment in VTB Capital Plc v. Nutritek International Corp., Marshall Capital LLC, Marshall Capital Holdings Limited, and Konstantin Malofeev at the British Virgin Islands High Court.
Axiom fraud leaves offshore providers exposed to massive claims for damages
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 appears to be a Ponzi scheme
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.
Gerova Financial Group Ltd. et al: Chapter 15 Petition
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Michael Morrison, Charles Thresh, and John McKenna, as the Foreign Representatives of Gerova Financial Group Ltd. and Gerova Holdings Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.
Lenum Trading Limited v. Sherford Enterprises Limited et al: Claim Form
Claim Form in Lenum Trading Limited v. Sherford Enterprises Limited, Stockwood Developments Limited, Interforum Inc., and Farfinance Limited at the British Virgin Islands High Court.
Johan Runarsson et al v. Mats Hagqvist et al: Complaint (‘$1.1M Investment Fraud’)
Complaint in Lars Johan Runarsson, a citizen of Sweden; Scandi Navigation Ltd., of the Marshall Islands, and Ocean Invest Corp., of the Marshall Islands v. Mats Hagqvist, described as a citizen of Sweden residing in Argentina; Federico Aparicio Garcia, described as a citizen of Argentina; Lipsel Finance SA, a.k.a. Lestering Hat Investments Ltd., of Panama; Eduardo E. Califano, Maria Cecilia Meradi, Marina Califano, and Agostina Califano at the Supreme Court of the State of New York, County of New York.
Amalfitana Investments Limited v. Majoleth Global SA: Claim Form
Claim Form in Amalfitana Investments Limited v. Majoleth Global SA at the British Virgin Islands High Court.
Dmitry Glazov v. Majoleth Global SA et al: Fixed Date Claim Form
Fixed Date Claim Form in Dmitry Glazov v. Majoleth Global SA, Trident Trust (BVI) Limited, Dernoth Limited, and Alicblue Finance Ltd. at the British Virgin Islands High Court.
Gerova Financial: New details raise questions about Bermuda and Cayman regulators
Evidence has emerged that a major securities fraud on the New York Stock Exchange could have been prevented if regulators in Bermuda and the Cayman Islands had been more diligent.It appears that a complaint alleging improprieties against offshore reinsurer Gerova
Fraud allegations thrown at Bermuda insurance operator Gerova Financial Group
A Bermuda based, New York Stock Exchange listed group that was granted a Bermuda insurance license last June is "likely fraudulent", according to an investment research firm in the United States.Gerova Financial Group Ltd., which moved its domicile from the
Poland: Anna Zienczuk et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation into Anna Zienczuk, Wladyslaw Bordzol, Andrzej Siwek and Krzysztof Graglewski.
Extradition Complaints: 12-Month Snap-Shot
Snap-shot of certain extradition complaints filed in the United States in the 12 months ended September 30, 2014 involving Ryszard Grzesiak, Gregorio G. Sahagun, Maribeth N. Pelonia, Raul Castaneda Gutierrez, Juha-Pekka Rouvinen, Jan Saft, Michal Knecht, Oziel Cardenas-Guillen, Gregorio Galindo Sahagun, Frank Tsui, Gisele Marie Goudreault, Darren Irwin Cohen, Leopold Charles Felsenstein, Pavel Vellek, Pavla Velleka, Avraham Yigal Mizrahi, Kyung Joon Kim, Chris Kim, Gintaras Petrikas, Alexander Davidoff, Muamer Kupa, and Marvin Kenneth Singleton
Marshall Islands: Ryszard Grzesiak – Order of Extradition
Stipulation to All Elements of Extradition: Order In the Matter of the Extradition of Ryszard Grzesiak from the USA to the Marshall Islands.
Protect Kids From Online Porn, Inc. et al v. Donville Inniss et al: First Amended Complaint
First Amended Complaint in Protect Kids From Online Porn, Inc., of California, and One World Media LLC, of New Mexico v. Peter Zicherman, of Obtario, Canada; Fernando Pereira, of Barbados; Donville Inniss, of Barbados; Wired Solutions Inc., of Canada; Networks International Inc., of Canada; Rosedale Publishing Ltd., of Canada; Stormbreak Limited, of the Marshall Islands; Starruby Group Inc., of Canada; Giant Sun Group Inc., of Canada; Bizmedia Inc., of Barbados; Tempest Interactive Corp., of Barbados; Virtual Service Inc., of Canada; Internet Billing Company Ltd., of Florida; Internet Billing Company LLC, f.k.a. iBill Ltd., of Georgia; InterCept Inc., of Georgia; PSW Inc., of Rhode Islands, and Web Transaction Services Inc., of Texas, at the U. S. District Court for the Central District of California.
Newt Utopia: A look at Offshore Financial Centers in the Pacific islands
Niue (Last rock from the Sun); Nauru; Marshall Islands; Solomon Islands; Cook Islands; Vanuatu; Shift In Fortunes; FATF/OECD - How they are Viewed; and The Future.