Investors in a British Virgin Islands-registered offshore hedge fund with ties to convicted or suspected fraudsters might be staring at losses totalling $400 million.
That is the capital contribution believed to have gone into Lancer Offshore Inc., much of whose “assets” comprise interests in dubious, loss-making, penny stock firms whose shares are thinly-traded.
Lancer Offshore losses could be as high as $400 million
22 years ago
Topics
British Virgin Islands Fraud Investment Liquidations & Insolvencies USAKeywords
Abraham Salaman Andrew Somper Brian Adams Bruce Cowen Citco Group