A contempt of court motion has been filed in the United States against a Bermuda-based firm that manages several hedge funds registered in the British Virgin Islands and also has ties to Canada and Switzerland.Lake Shore Asset Management Limited, which is believed to manage at least $466 million, has refused to turn over documents to the Commodity Futures Trading Commission in breach of a Statutory Ex-Parte Restraining Order issued seven days earlier, stated the regulator in its contempt motion at the U. S. District Court for the Northern District of Illinois on July 3, 2007.
Offshore hedge fund group refuses to turn over records, claims US regulator
17 years ago
Topics
Bermuda British Virgin Islands Canada Fraud InvestmentKeywords
Bank of New York Blake Cassels & Graydon Eric Bloom Fimat Harneys