Claudio Cecchini

Complaint in Dan R. Waller, as Receiver for Dobbins Offshore Ltd. v. KPMG Accountants BV, formerly KPMG Accountants NV;  Citco Fund Services (Curacao) NV, Inter Caribbean Services Ltd., and Tortola Corporation Company Ltd. at the U. S. District Court for the Northern District of Texas.

Fund administrator Citco knew that Lancer Offshore was fraudulently valuing assets nearly two years before the fund collapsed but its sole concern was how to extricate itself from the $400 million insolvency, rather than warn investors and regulators. That is the most serious allegation contained in a civil lawsuit that was filed as long ago as January 14, 2005 at the U. S. District Court for the Southern District of Florida but kept sealed until February 21, 2006 due to concerns that its release may breach a court order prohibiting disclosure of certain information. It is supported by copies of extraordinary email exchanges between Citco's senior executives that were disclosed in discovery that Citco opposed.