Montaque Securities International

Convicted fraudster David Aubel was source of ‘only asset’ owned by insolvent Montaque Capital Partners

March 18, 2013

The "only asset" owned by Owen Bethel's Bahamas-based investment firm Montaque Capital Partners Ltd., which appears to be insolvent by more than $10 million as a result of mismanagement and wrongdoing, comprises worthless shares in a long-defunct Florida shell company that was set up by a convicted fraudster to commit another fraud, OffshoreAlert can reveal.

Bahamas-based Owen Bethel and Edison Sumner ‘lied’ to Canadian broker about accounts used for fraud

November 3, 2011

Bahamas-based financial services providers Owen Bethel and Edison Sumner lied to a Canadian securities broker regarding the beneficial ownership of accounts that were subsequently used to commit a $25 million fraud, according to a Canadian regulator.

In the Matter of Douglas Ralph Garrod: Settlement Agreement

November 1, 2011

In the Matter of Douglas Ralph Garrod - Settlement Agreement - Investment Dealers Association of Canada - November 1, 2011

In the Matter of Montaque Capital Partners Ltd. (in Voluntary Liquidation): Petition

October 24, 2011

Petition for court supervision of the voluntary liquidation of Montaque Capital Partners Ltd. (in Voluntary Liquidation) at the Bahamas Supreme Court.

Montaque Securities seeks to enforce settlement

January 31, 2004

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.

Litigation involving Montaque Securities International

February 28, 2002

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.

Clients seek return of money from Addison International & Triology Fund

January 31, 2002

OffshoreAlert has received a complaint from a client who claims he is unable to redeem an investment made with Bahamas-registered Addison International Ltd., which is apparently run from the United States. The client, who is based in the U.S., claims that he placed $400,000 with Addison International in mid-1999 after the firm's principal told him: "If I don't return four per cent per month, you should fire me."

Insider Talking: October 31, 2000

October 31, 2000

Midasco Gold Corp's dubious offshore private placement participants, Turks & Caicos Islands regulator issues warning against Orion Bank & Trust, Canadian lawsuit filed against Bermuda-based investment firm GulfStream Financial Ltd., prospectus for Bermuda Money Funds identifies long-deceased Bermudian attorney as its chairman, Better Business Bureau in Costa Rica angered by Harris Organization's false claim to be a member, New Utopia scam keeps going and going, superseding indictment brought against Nevis-based offshore provider Robin Cotterell.

Investors claim huge losses with now-defunct Bahamas broker

September 30, 2000

Investors who claim they were swindled by a Bahamas-based stockbroking firm are preparing legal action in a bid to recover approximately $12 million in lost funds. The investors claim they were sold dubious stocks traded on the NASDAQ over-the-counter market by Equity Management Group Ltd., which operated from the Bahamas Financial Centre in Nassau.