Bolder Fund Services

Swedish national Jon Malmsäter’s SCF Brazil Cayman fund goes into liquidation

January 16, 2024

Another Cayman Islands mutual fund - SCF Brazil, Cayman Feeder SPC - associated with the Miami-based, Brazil-focused Prudent Group has collapsed, this one operated by Swedish national Jon Malmsäter, who has a history of dubious investment schemes, indebtedness, tax problems, and even domestic violence.

Bolder Fund Services (Cayman) Ltd.: Directors (Cayman Islands)

October 19, 2023

Director Details for Bolder Fund Services (Cayman) Limited, obtained from the Cayman Islands General Registry on October 19th, 2023.

TCA Global Credit Fund LP et al v. Bolder Fund Services (Cayman) Ltd. et al: Complaint (‘Dishonest Assistance’)

October 19, 2023

Complaint "for assisting, enabling, and/or failing to prevent the gross mismanagement of the Receivership Entities by certain former insiders of TCA Fund Management Group Corp." in Jonathan E. Perlman, as the court-appointed Receiver for TCA Global Credit Fund, LP, TCA Global Credit Fund, Ltd., TCA Global Credit Master Fund, LP, and TCA Global Lending Corp. v. Bolder Fund Services (USA) LLC, formerly known as Circle Investment Support Services (USA), LLC, of Delaware; Bolder Fund Services (Cayman) Ltd., formerly known as Circle Investment Support Services (Cayman), Ltd., of the Cayman Islands, and Bolder Group Holding B.V., of the Netherlands, at the U.S. District Court for the Southern District of Florida.

Todd Benjamin International Ltd. et al v. Grant Thornton (Cayman Islands) et al: Second Amended Class Action Complaint

October 4, 2023

Second Amended Class Action Complaint "for negligent misrepresentation, aiding and abetting fraud, and aiding and abetting breach of fiduciary duty against Grant Thornton for enabling a massive overvaluation scheme orchestrated through a private investment fund that was managed by TCA Fund Management Group Corp." in Todd Benjamin International Ltd., of the United Kingdom; Todd Benjamin, described as a citizen of the USA residing in the United Kingdom; Zbynek Dvorak, a citizen of the Czech Republic residing in Switzerland, and Fawzi Bawab, a citizen of Canada residing in the United Arab Emirates v. Grant Thornton Cayman Islands, of the Cayman Islands, and Grant Thornton Ireland, of Ireland at the U.S. District Court for the Southern District of Florida.

Ning Du v. LM Fund One Ltd.: Winding Up Petition (‘Investment Fraud’)

September 4, 2023

Winding Up Petition by an investor who "is concerned that she has been the victim of fraudulent conduct" in Ning Du, of Beijing, China v. LM Fund One Ltd. at the Grand Court of the Cayman Islands.

Singapore investor ‘owed $12.5M’ seeks liquidation of Cayman/Taiwan’s Coinful Capital Fund

June 6, 2023

A Singapore-based investor has applied to wind up Cayman Islands-domiciled, Taiwan-based Coinful Capital Fund SPC, which is operated by Carlos Salas and Stephen Lynch, alleging the Fund has failed to redeem shares valued at US$12.5 million.

SCF Brazil, Cayman Feeder SPC: Offering Memorandum

December 31, 2022

Offering Memorandum for SCF Brazil, Cayman Feeder SPC, dated "December 2022".

Todd Benjamin International Ltd. et al v. Grant Thornton International Ltd. et al: First Amended Class Action Complaint

September 2, 2022

Amended Class Action Complaint "for negligent misrepresentation, aiding and abetting fraud, and aiding and abetting breach of fiduciary duty" in Todd Benjamin International Ltd., of the United Kingdom, and Todd Benjamin, described as a citizen of the USA residing in the United Kingdom v. Grant Thornton International Ltd., of England; Grant Thornton Cayman Islands, of the Cayman Islands; Grant Thornton Ireland, of Ireland; Bolder Fund Services (USA) LLC, a Delaware, USA-domiciled firm based in Orlando, Florida, USA, and Bolder Fund Services (Cayman) Ltd., of the Cayman Islands, at the U.S. District Court for the Southern District of Florida.