Bernard Madoff

Madoff Trustee sues offshore funds and banks for $405M

May 18, 2009

Bernard Madoff's Bankruptcy Trustee has sued three British Virgin Islands domiciled hedge funds and two offshore banks in Bermuda and Gibraltar in an attempt to recover $405 million that he claims they collectively redeemed from the Ponzi scheme shortly before

Irving Picard v. Kingate Global Fund Ltd. et al: Complaint

April 17, 2009

Complaint in Irving Picard, as Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC v. Kingate Global Fund Ltd., of the British Virgin Islands; Kingate Euro Fund Ltd., of the British Virgin Islands, and Bank of Bermuda Ltd., of Bermuda, at the U. S. Bankruptcy Court for the Southern District of New York.

Madoff Securities International Ltd.: Chapter 15 Petition (England)

April 14, 2009

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Stephen Akers, Mark Byers, and Andrew Hosking, as the Foreign Representatives of Madoff Securities International Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.

Massachusetts regulator sues Bermuda investment adviser over Madoff fraud

April 7, 2009

A Massachusetts regulator is seeking the return of hundreds of millions of dollars of fees that it claims a Bermuda based investment adviser, a New York affiliate and their principals received from managing the biggest feeder funds for Bernard Madoff's

Madoff investors file class action against Cayman-based bank and hedge fund

April 7, 2009

A Bernard Madoff related class action lawsuit has been filed in the United States against an offshore hedge fund and bank in the Cayman Islands and other parties. The complaint was filed at the U. S. District Court for the

$3 billion class action filed against Madoff-related offshore feeder funds, Bank of Bermuda and others

March 26, 2009

A class action lawsuit has been filed against several offshore entities and individuals on behalf of investors in four hedge funds who allegedly lost over $3 billion in the Bernard Madoff fraud. Among the offshore defendants are Bank of Bermuda

Letter from Bermuda: A risk-free regulatory environment for Bermuda’s financial ne’er-do-wells

March 19, 2009

Minister of Finance Paula Cox announced that "Bermuda is engaged in negotiating a further 10 Tax Information Exchange Agreements with OECD states and two with EU states". She also pointed out that Bermuda's TIEA with the United States was signed

MADOFF FRAUD: Class action filed against Bermuda insurance group

February 13, 2009

A class action complaint has been brought in New York against the Bermuda based Argus insurance group on behalf of holders of offshore life insurance policies whose premiums were invested with alleged fraudster Bernard Madoff and may now be lost.Details

New York University sues Cayman fund and service providers over Madoff fraud

February 13, 2009

New York University is suing a hedge fund, its auditor, its registrar and a bank - all based in the Cayman Islands - in an attempt to recover damages of at least $24 million that it claims to have lost

Madoff client-list reveals dozens of offshore entities

February 5, 2009

Dozens of offshore hedge funds, asset managers, IBCs and their representatives, including those in the Bahamas, Bermuda, the British Virgin Islands and the Cayman Islands, are among customers of accused fraudster Bernard Madoff, according to a client list released yesterday.The

SIPC v. Bernard L. Madoff Investment Securities LLC: Client List

February 4, 2009

List of Customers, Vendors and Employees of Bernard L. Madoff Investment Securities LLC in Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities LLC at the U. S. Bankruptcy Court for the Southern District of New York.

Offshore companies and officers targeted in Madoff-related class action lawsuits

January 20, 2009

Offshore companies in Bermuda and the Cayman Islands and two residents of Bermuda are defendants in action lawsuits brought on behalf of investors in hedge funds domiciled in the British Virgin Islands and Delaware who may have lost up to

Economy & Madoff scandal hit Cayman’s fund industry but not too hard, says regulator

January 12, 2009

The global financial crisis has caused a slowdown in new registrations and an increase in terminations in the world's leading domicile for hedge funds - the Cayman Islands - and the Bernard Madoff scandal may make matters worse. However, the