Continental Southern Resources

Fund administrator Citco Fund Services is still "the most significant stumbling block" in the winding-up of the Lancer Group, it has been claimed.Auditor PricewaterhouseCoopers is also not being helpful, according to a report dated April 23, 2004 by SEC-appointed Receiver Marty Steinberg that was submitted to the federal court in Miami, Florida.

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.