Alexandre Schwab

A management agreement between a Bermuda corporate services provider and a hedge fund group accused of committing a $100 million-plus fraud against investors was back-dated by two weeks in an attempt to circumvent a restraining order issued by a U. S. federal court, a regulator has claimed. The contract pursuant to which Bermuda-based Mercury Group Limited agreed to provide "office and related facilities and services" to the Lake Shore group was, in reality, entered into on June 29, 2007 - the same day that 38 boxes of Lake Shore records were transferred from Roth Mosey & Partners LP accounting and consulting firm in Canada to MGL in Bermuda, according to the Commodity Futures Trading Commission in a filing on January 9, 2008 at the U. S. District Court for the Northern District of Illinois, where it is suing Lake Shore and its principal, Philip Baker, for fraud.

Plaintiff's Opposition to Defendant Lake Shore Asset Management Ltd.'s response to court order of January 4th, 2008 in U. S. Commodity Futures Trading Commission v. Lake Shore Asset Management Limited, Lake Shore Group of Companies Inc. Ltd., and Philip J. Baker at the U. S. District Court for the Northern District of Illinois.

Former offshore services provider Marc Harris, who was sentenced to serve 17 years in prison on May 17, 2004 after being convicted by a jury of conspiracy to defraud the USA, money laundering and tax evasion, turned down a pre-trial offer from prosecutors that would have seen him receive just three years in prison in return for a guilty plea, according to a recently-filed court paper in Miami; New information about what is shaping up to be the latest big offshore hedge fund scandal recently became publicly available in filings at the U. S. District Court for the Northern District of Illinois, where the U. S. Commodity Futures Trading Commission is trying to close down Lake Shore Asset Management Limited, which is incorporated in Bermuda; and Former offshore specialist Nigel Scott Grant, who once participated in a Nevis-based investment scam while working as an attorney in California, is being sued in Florida for allegedly failing to pay legal fees of $16,125 to a Miami-based law firm, Levey, Airan, Shevin, Roen, Kelso, Corona & Herrera LLP.