SEC v. Jonathan Curshen: SEC’s Closing Argument
SEC's Closing Argument in a securities fraud complaint filed by the U. S. Securities and Exchange Commission against Jonathan Curshen at the U. S. District Court for the District of Colorado.
Evergreen Security recovers $3.7 m from Bahamas bank
Failed hedge fund Evergreen Security has recovered $3.7 million from Bahamas-based Surety Bank & Trust Ltd. (in liquidation).
The recovery represents funds that were allegedly stolen by Thomas Spencer and Robert Boyd, who were founders of Evergreen and shareholders of the bank.
USA v. David Tedder: Criminal Indictment
Indictment in USA v. David Hampton Tedder at the U. S. District Court for the Western District Court of Wisconsin.
Two new lawsuits filed in Evergreen Security bankruptcy
Two new civil lawsuits have been filed against parties believed to have contributed to the collapse of Evergreen Security, an unlicensed 'mutual fund' that is believed to have defrauded investors of approximately $200 million.On July 9, 2002, Evergreen's Bankruptcy Trustee, Bill Cuthill Jr., announced he had sued Bahamas resident Greg A. White for an amount that could exceed $50 million.
Bahamas resident sued for more than $50 million by Evergreen Security’s Bankruptcy Trustee
A civil complaint has been filed against Bahamas resident Greg A. White as part of the investigation into Evergreen Security, whose principals defrauded its clients of more than $200 million.The action, which seeks to recover more than $50 million, was filed at the United States Bankruptcy Court for the Middle District of Florida, in Orlando, by Evergreen's Chapter 11 Bankruptcy Trustee, R. W. (Bill) Cuthill, Jr.
76 lawsuits filed against Evergreen Security brokers
Seventy-six new lawsuits have been filed by the Bankruptcy Trustee of a fraudulently-run offshore 'mutual fund' known as Evergreen Security, which is insolvent by approximately $200 million.
The actions, which have been filed in Florida, seek to reclaim more than $8.1 million that was allegedly fraudulently transferred by way of commissions to promoters of Evergreen.
Fund manager sued for $8.5 million by Evergreen Security Bankruptcy Trustee
A fund manager whose interests have included a Bermuda reinsurer and a Bahamas bank is being sued for $8.5 million by the Bankruptcy Trustee of a fraudulently run offshore investment firm.Defendants are Atlantic Portfolio Analytics and Management Inc., a.k.a. APAM
Failed $200 million fund linked with Bahamas bank
An offshore mutual fund that has collapsed amid debts of $200 million and allegations of massive fraud had close links with Bahamas-based Surety Bank & Trust, OffshoreAlert can reveal. SBT's relationship with British Virgin Islands-registered Evergreen Security Ltd. appears to be the reason why the bank chose voluntary liquidation late last year over being sold as a going concern.
Bahamas-based Surety Bank to go into liquidation
Bahamas-based Surety Bank & Trust is to go into voluntary liquidation after its banking license was suspended by the Central Bank of the Bahamas.
The license was suspended on November 23, 2000 for a breach of Section 11 of the Banks and Trust Companies Regulations Act, which deals with capital adequacy and reporting requirements.
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Bahamas bank up for sale following death of majority owner
A stake of slightly less than 70 per cent of Bahamas-based Surety Bank & Trust is up for sale for a price in the $4 million range. The bank, which was established five years ago, has assets under management of between $16 million and $17 million, said one of its directors, who did not want to be named.