Robert Maum

The Receiver for the Lancer Offshore Group has filed two new complaints against recipients of money transfers that were made while the failed hedge fund group was insolvent. In one case, the defendants are Redwood Financial Group Inc., The Redwood Group Inc., both of Redwood Drive, Westminster, Maryland; Robert D. Maum, of Cowdray Park Drive, Greenwich, Connecticut; and James W. Raker, of Wynfield Road, West Friendship, Maryland. In the other action, the defendants are attorney Kenneth E. Chyten and the Law Offices of Kenneth E. Chyten, both of Santa Monica Boulevard, Los Angeles, California.

Former hedge fund boss Michael Lauer's "girlfriends" and stock "valuation shills" are among the defendants in the latest lawsuit filed in Miami by the Receiver of the Lancer Offshore group. "Lauer would often use the Girlfriends to assist him in violating his duties to the Funds by placing valuable assets, including aircraft and cash, in their names in an effort to prevent investors and/or the SEC from seizing such assets," stated the complaint.