Christopher Donnachie

Bahamas-based Leadenhall Bank & Trust Ltd., which was closed down by regulators seven months ago, may be insolvent by more than $11 million. That was the glum news for creditors in the first report of liquidator Craig A. (Tony) Gomez on December 9, 2005. On paper, the bank had shareholders' equity of $1.6 million as of October 3, 2005, with assets of $29,864,139, including $20.4 million in cash, and liabilities of $28,235,807. “However my review has revealed that the balance sheet includes loans and past due credit card receivables totaling $6.6 and $6.3 million, respectively, and that both balances are either unsecured or inadequately collateralized,” stated Gomez in his report.

2004 Annual Report for First Financial Caribbean USA, Inc., filed with the Florida Department of State, Division of Corporations.

Judgment in Fidelity Bank and Trust International Limited and British American Card Company Limited v. Christopher Donnachie and Pandon Technology, SA at Bahamas Supreme Court.

The liquidators of Televest Ltd. and Telecheck Holdings Ltd., which went bust on December 15, 1993, have announced they will soon pay a final dividend to creditors. Although accounting firm Kempe and Whittle have no amount for the dividend, creditors have been told in the past to expect a total payment of between 21 and 37 cents on the dollars.

TBL Limited (In Liquidation) vs. Christopher Donnachie et al. - Bermuda Supreme Court