Axiom Legal Financing Fund: Receivers’ Seventh Report
Seventh Report of the Receivers of Axiom Legal Financing Fund, of the Cayman Islands.
Axiom Legal Financing Fund v. Mayer Brown International LLP: Particulars of Claim
Particulars of Claim in JP SPC 1 and JP SPC 4, on behalf of Axiom Legal Financing Fund, of the Cayman Islands, v. Mayer Brown International LLP at the High Court of Justice for England and Wales.
Seventh British attorney struck off over Axiom Legal Financing Fund fraud
Paul Stott has become the seventh British solicitor to be struck off due to involvement in the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert.
Axiom Legal Financing Feeder Fund: First Report of Receivers
First Report of Receivers regarding Axiom Legal Financing Feeder Fund.
Ashton Fox Solicitors Ltd.: Statement of Administrator’s Proposals
Ashton Fox Solicitors Limited - Statement of Administrator's Proposals - Filed with Companies House - May 15, 2013
Axiom fraud leaves offshore providers exposed to massive claims for damages
Offshore providers in the Cayman Islands, Isle of Man, and Switzerland face huge liabilities after allowing insiders to loot Axiom Legal Financing Fund of tens of millions of pounds. Those most at risk from being sued by Axiom's eventual liquidators appear to be DMS Group, JP Funds Group, BDO Cayman, and Ogier, all in the Cayman Islands; Turnstone Group, in the Isle of Man; and Portland Financial Management, of Switzerland.
Axiom Legal Financing Fund appears to be a Ponzi scheme
New evidence uncovered by OffshoreAlert indicates that the recently-suspended Axiom Legal Financing Fund is hopelessly insolvent as a result of self-dealing and fraud by insiders. The Cayman Islands-domiciled Fund, which has raised more than £117 million, appears to be a Ponzi scheme.
Axiom Legal Financing Fund appoints KPMG to investigate red flags raised by OffshoreAlert
Cayman Islands-domiciled Axiom Legal Financing Fund has retained KPMG to investigate red flags concerning the Fund that were uncovered by OffshoreAlert. Investors were informed of the development in a letter yesterday from the Fund's directors, Ronan Guilfoyle and Graham Hampson.
More red flags regarding fast-growing Axiom Legal Financing Fund
As investors continue to pour millions of pounds each month into Cayman Islands-domiciled Axiom Legal Financing Fund, OffshoreAlert has uncovered more red flags, including conflicting financial statements, £7.9 million loaned to a debt-ridden law firm owned by Axiom's principal, and insurance provided by an unregulated, unaudited firm that is currently defending a fraud lawsuit brought by one of its clients.