Mark Graham v. CIMA: Consent Order
Consent Order in Mark Graham v. Cayman Islands Monetary Authority at the Grand Court of the Cayman Islands.
Blue Elite Fund Ltd.: Directors
Director Details for Blue Elite Fund Ltd., obtained from the Cayman Islands General Registry on October 23rd, 2021.
Bermuda’s Gregory Tolaram & associates declared ‘unfit’ by Cayman regulator over Alpha Re collapse
Five businessmen in the Bahamas, Bermuda, Canada, and United States have been declared "not fit and proper" by the Cayman Islands Monetary Authority for their conduct regarding captive insurer Alpha Re, which collapsed nearly four years ago and has been accused of perpetrating a $165 million fraud.
Alpha Re Ltd.: License Revocation
Public Notice by the Cayman Islands Monetary Authority that it has revoked the insurer's license of Alpha Re Limited for regulatory breaches.
Great Western Insurance Co. v. Gregory Tolaram et al: Opinion & Order
Opinion and Order Regarding Motions to Dismiss a complaint alleging "a complex and massive fraud ... resulting in losses exceeding $135 million" involving Cayman Islands-domiciled Alpha Re Limited in Great Western Insurance Co. v. Mark Graham, Blue Capital Management, Inc., Blue Alternative Asset Management, LLC, Blue Elite Fund Ltd., Blue Elite Fund LP, Blue II Ltd., Wilmington Savings Fund Society, FSB, Christiana Trust, Donald Solow, Regatta Holdings LLC, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series 2011-A, Cygnet 001 Master Trust Series 2011-C, Cygnet 001 Master Trust Series 2013-A, Sancus Capital Blue Credit Opportunities Fund Ltd., Ability Insurance Company, Advantage Capital Holding, LLC, Dan Cathcart, Kenneth King, and Gregory Tolaram at the U. S. District Court for the Southern District of New York.
Mark Graham: Director Cancellation
Decision Notice by the Cayman Islands Monetary Authority announcing the cancellation of the director registration of Mark R. Graham, of New York, NY, for not being "a fit and proper person". Graham was the majority equity owner of Cayman Islands-domiciled Alpha Re Limited, which has been accused of fraud.
Great Western Insurance Company v. Gregory Tolaram: Opposition to Motion to Dismiss
Plaintiff's Opposition to Bermuda-based Gregory Tolaram's Motion to Dismiss a complaint alleging he participated in a fraud involving Cayman Islands-domiciled Alpha Re Limited in Great Western Insurance Company v. Gregory Tolaram, of Bermuda, et al at the U. S. District Court for the Southern District of New York.
Great Western Insurance Company v. Gregory Tolaram: Motion to Dismiss
Gregory Tolaram's Motion to Dismiss in Great Western Insurance Company v. Gregory Tolaram, of Bermuda, at the U. S. District Court for the Southern District of New York.
HM Life Insurance Company et al v. Alpha Re Ltd. et al: Third Amended Complaint
Third Amended Complaint alleging "a coordinated and elaborate scheme to defraud through a complex series of reinsurance transactions, trust agreements, and investment vehicles" in HM Life Insurance Company, of Pennsylvania, and HM Life Insurance Company of New York v. Wilmington Savings Fund Society, FSB, of Delaware; Christiana Trust, of Delaware; Blue Alternative Asset Management LLC, of Delaware; Blue Capital Management, Inc., of Puerto Rico; Regatta Holdings LLC, of New Jersey; Cygnet 001 Master Trust, of Delaware; Cygnet 001 Master Trust Series 2011-A, of Delaware; Cygnet 001 Master Trust Series 2011-C, of Delaware; Cygnet 001 Master Trust Series 2013-A, of Delaware; Alpha Re Limited, of the Cayman Islands; Alpha Re Holdings (Cayman) Limited, of the Cayman Islands; Ability Insurance Company, of Nebraska; Atlantic Specialty Finance Limited, of the Cayman Islands; Blue Elite Fund Limited, of the Cayman Islands; Blue II Limited, of the Cayman Islands; Mark Graham, of New York; Donald Solow, of New Jersey; John Drake, of Ontario, Canada; Edward Brendan Lynch, of the Bahamas, and Gregory Tolaram, of Bermuda, at the Court of Chancery of the State of Delaware.
Great Western Insurance Company v. Alpha Re Ltd. et al: Second Amended Complaint
Second Amended Complaint in Great Western Insurance Company v. Mark Graham, Donald Solow, Blue Capital Management, Inc., Blue Alternative Asset Management LLC, Wilmington Savings Fund Society FSB, Christiana Trust, Regatta Holdings LLC, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series 2011-A, Cygnet 001 Master Trust Series 2011-C, Cygnet 001 Master Trust Series 2013-A, Alpha Re Limited, Alpha Re (Cayman) Limited, Atlantic Specialty Finance, Blue Elite Fund Ltd., Blue Elite Fund LP, Blue II Ltd., Sancus Capital Blue Credit Opportunities Fund Ltd., Ability Insurance Company, John Drake, Edward Brendan Lynch, Gregory Tolaram, Advantage Capital Holding LLC, Dan Cathcart, and Kenneth King at the U. S. District Court for the Southern District of New York.
Great Western Insurance Company v. Alpha Re Ltd. et al: First Amended Complaint
First Amended Complaint in Great Western Insurance Company v. Mark Graham, Donald Solow, Blue Capital Management, Inc., Blue Alternative Asset Management LLC, Wilmington Savings Fund Society, FSB, Christiana Trust, Regatta Holdings LLC, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series 2011-A, Cygnet 001 Master Trust Series 2011-C, Cygnet 001 Master Trust Series 2013-A, Alpha Re Limited, Alpha Re Holdings (Cayman) Limited, Atlantic Specialty Finance, Blue Elite Fund Ltd., Blue Elite Fund LP, Blue II Ltd., Sancus Capital Blue Credit Opportunities Fund Ltd., Ability Insurance Company, John Drake, Edward Brennan Lynch, and Gregory Tolaram at the U. S. District Court for the Southern District of New York.
Mark Graham et al: Regulatory Penalties
Order Instituting Administrative Proceedings, Making Findings and Imposing Sanctions against Mark R. Graham, of New York, NY; Blue Capital Management, Inc., of San Juan, Puerto Rico, and Blue Alternative Asset Management, L.L.C., of New York, NY, before the U. S. Securities and Exchange Commission.
US insurer claims to be victim of $135M offshore reinsurance fraud
Bermudian businessman Gregory Tolaram, Bahamas-based financial adviser Edward Lynch, and seven insurers and investment funds in the Cayman Islands have been accused of participating in a $135 million fraud against U.S. insurer Great Western Insurance Company.
Great Western Insurance Company v. Alpha Re Ltd. et al: Complaint
Complaint in Great Western Insurance Company v. Ability Insurance Company, Alpha RE Limited, Alpha Re Holdings (Cayman) Limited, Atlantic Specialty Finance, Blue Alternative Asset Management, LLC, Blue Capital Management, Inc., Blue Elite Fund LP, Blue Elite Fund Ltd., Blue II Ltd., Christiana Trust, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series 2011-A, Cygnet 001 Master Trust Series 2011-C, Cygnet 001 Master Trust Series 2013-A, John Drake, Mark Graham, Edward Brendan Lynch, Regatta Holdings LLC, Sancus Capital Blue Credit Opportunities Fund Ltd., Donald Solow, Gregory Tolaram, and Wilmington Savings Fund Society, FSB at the U. S. District Court for the Southern District of New York.
UBS Fund Services (Cayman) Ltd. v. Blue Elite Fund Ltd.: Winding Up Petition (October 2010)
Winding Up Petition in UBS Fund Services (Cayman) Ltd. v. Blue Elite Fund Ltd. at the Grand Court of the Cayman Islands.
UBS Fund Services (Cayman) Ltd. v. Blue Elite Fund Ltd.: Winding Up Petition (July 2010)
Winding Up Petition in UBS Fund Services (Cayman) Ltd. v. Blue Elite Fund, Ltd. at the Grand Court of the Cayman Islands.