Two senior officers of a Cayman Islands mutual fund administrator have refused to comply with subpoenas requiring them to provide evidence in the United States about two failed offshore funds operated by Bear Stearns.
Scott Lennon and Michelle Wilson-Clarke, each a Senior Vice President at Walkers Fund Services Limited, were subpoenaed by the Enforcement Section of the Securities Division of the Massachusetts Secretary of State for an investigation into Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd., of which they were directors and which collapsed in July, 2007, wiping out $1.6 billion in investor capital.
Articles Cayman Islands Featured Fraud Investment Liquidations & Insolvencies USAJanuary 4, 2008
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Cayman Islands Fraud Investment Liquidations & Insolvencies USAKeywords
Bear Stearns Liquidations & Insolvencies Michael Collora Michelle Wilson-Clarke Scott Lennon