The liquidators of a Nevis-licensed offshore insurer have filed a complaint in the United States in an attempt to recover assets that they claim were fraudulently transferred to an unlicensed Bahamas insurer.
Richard Fogerty, of Kroll (Cayman) Ltd., and William Tacon, of Kroll (BVI) Ltd., as liquidators of Condor Insurance Ltd., filed an adversary proceeding at the U. S. Bankruptcy Court for the Southern District of Mississippi on November 20, 2007. Defendants are Condor Guaranty Inc., a Bahamas corporation with addresses of 15 Lillian Court, Lucaya, Freeport, Grand Bahama, and 1145 Robinson Avenue, Ocean Springs, Mississippi 39564, and PetroQuest Resources Inc., a Nevada corporation headquartered in Arlington, Texas.
Condor Insurance’s assets illegally transferred to Bahamas copy-cat firm, say liquidators
17 years ago
Topics
Bahamas Fraud Insurance Liquidations & Insolvencies St. Kitts & NevisKeywords
Albert Milam Ashby Corporation Brad Cates Condor Guaranty Inc. Condor Insurance