MJ Select Global

Investors in a failed Bahamas based investment fund have secured a $3.8 million settlement of a civil complaint filed in the United States against the Fund's liquidator and its former banker.Under the terms of the settlement, investors in MJ Select

ZCM Asset Holding Co. (Bermuda) Ltd., which is an affiliate of the Zurich Insurance Group, registered three judgments totaling $5.3 million with the U. S. District Court in Connecticut on September 13, 2004.The judgments were against Sonic Investments Ltd., of

Three bankers who allegedly swindled their former employer, NatWest, in a deal involving Enron and a Cayman Islands registered company appeared in court in England on September 28, 2004 as they seek to avoid extradition to the United States. Gary

Investors in a failed Bahamas-based investment fund have filed a lawsuit in the United States in which they are seeking to recoup $9.8 million of losses.The plaintiffs are investors in M. J. Select Global Ltd., which is in liquidation after suffering total losses of "at least $30-$40 million", according to the complaint.Several of the many defendants are based in the Bahamas, including M. J. Select Global Ltd., Oceanic Bank & Trust Ltd., Citco Fund Services (Bahamas) Ltd. and Lion Corporate Services Ltd.