John Amore

Bahamas-based investment firm Montaque Securities International Ltd. has taken further legal action against a former client for the alleged non-payment of a settlement in an earlier lawsuit. Under the settlement, Janet Amore was required to pay MSI $60,000 on or before December 1, 2003, according to a petition filed by MSI at New York State Supreme Court on January 23, 2004.

Bahamas-based investment firm Montaque Securities International is involved in two unrelated lawsuits filed over the last five months, one as a plaintiff and the other as a defendant. In an action filed in the United States, Montaque claims that it was defrauded of $1.5 million that it loaned a client to establish a mutual fund in Germany.