Hans Feltzsinger

OffshoreAlert has uncovered new evidence casting doubt about the legitimacy of the recent 'sale' of crisis-hit SEGOES Securities Ltd. to Uruguayan company Laxberg SA following regulatory action in the Cayman Islands.

Crisis-hit SEGOES Securities Ltd., which is believed to control $70 million of client assets, claims to have been acquired by a mystery buyer.However, the timing of the 'deal' - coming just days after SEGOES was shut out of Cayman's financial services industry - and secrecy concerning the 'purchaser' raise questions about whether it is bona fide.