Brian Paul Kuhn

Fund manager Brian Paul Kuhn pleads guilty at the Grand Court of the Cayman Islands to several counts of theft of client funds; Switzerland investigates theft of financial data by computer hackers; HedgeWorld Limited closes Bermuda office and relocates its staff to New York; "Marc Harris stole your funds", investment fraudster tells clients; Bermuda-based Bank of Butterfield and Bank of Bermuda expand overseas; and career conman David Tedder is sentenced to five years in prison, fined $1.06 million and ordered to forfeit $2.7 million at federal court in the USA.

A mutual fund operator was taken into custody by police in the Cayman Islands on May 30 on suspicion of misappropriating approximately US$1.9 million of client funds.The arrest of Canadian national Brian Paul Kuhn follows an investigation into the activities