Black Sky Entertainment

There have been two new legal developments at the U. S. District Court for the Southern District of Florida concerning the U. S. Securities and Exchange Commission's investigation into the Lancer Offshore group of hedge funds, which collapsed in 2003 after losing at least $500 million due to fraud by insiders; and The Serious Fraud Office in the United Kingdom enhanced its reputation as an ineffective law enforcement agency when it failed to secure a single conviction against three former officers of Imperial Consolidated at their High Court trial in London.

A United States court has issued a temporary order freezing the assets of the Lancer Offshore Group, which has been implicated in a massive securities fraud.The assets were frozen on July 10, 2003 at the U. S. District Court for the Southern District of Florida following a complaint filed by the Securities & Exchange Commission.