Edward Chism

An SEC appointed Receiver has been criticized by a judge for not doing enough to recover assets of an $87 million fraud that were transferred offshore, including $61 million to Barclays Bank in the Bahamas.The target of the criticism is

A Florida-based businessman with a checkered past has been accused of defrauding 160 international investors of $87 million in a stock scam.David H. Siegel, 65, used companies and bank accounts in the Bahamas and other offshore jurisdictions to siphon off funds from his clients, it has been alleged.