Investors in Bahamas-domiciled MJ Select Global seek to recover $9.8 m in losses

By David Marchant

21 years ago

Topics

Keywords

Barry Herman Citco Group Dan Pickett David Sims Dominion Capital Fund

Gina Coglianese Ishmael Lightbourne James Manning Jeffrey Vorisek John Caseley John Waldock Kenneth Clowes Landmark Management Lion Corporate Services Lion Financial Services Livingstone Asset Management Martin James Allamian Michael Coglianese MJ Select Global New World Trust Oceanic Bank and Trust Rawson Trust Southridge Capital Management Stephen Hicks Terah Rahming Wayne Aranha

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Investors in a failed Bahamas-based investment fund have filed a lawsuit in the United States in which they are seeking to recoup $9.8 million of losses.The plaintiffs are investors in M. J. Select Global Ltd., which is in liquidation after suffering total losses of “at least $30-$40 million”, according to the complaint.Several of the many defendants are based in the Bahamas, including M. J. Select Global Ltd., Oceanic Bank & Trust Ltd., Citco Fund Services (Bahamas) Ltd. and Lion Corporate Services Ltd.

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