Victory Asset Management: Directors
Director Details for Victory Asset Management, obtained from the Cayman Islands General Registry on December 25th, 2022.
Lincoln Fraser and Jared Brook involved in new financial scandal
British conmen Lincoln Fraser and Jared Brook, who masterminded the $400 million Imperial Consolidated fraud that failed in 2002, are embroiled in yet another international financial scandal involving a group that has done business under several names, including EasyKard, Saphrau, Wharfside, Quatro and G4 Group.
Leadenhall Bank’s insolvency estimated at $11.3 m
Bahamas-based Leadenhall Bank & Trust Ltd., which was closed down by regulators seven months ago, may be insolvent by more than $11 million. That was the glum news for creditors in the first report of liquidator Craig A. (Tony) Gomez on December 9, 2005.
On paper, the bank had shareholders' equity of $1.6 million as of October 3, 2005, with assets of $29,864,139, including $20.4 million in cash, and liabilities of $28,235,807. “However my review has revealed that the balance sheet includes loans and past due credit card receivables totaling $6.6 and $6.3 million, respectively, and that both balances are either unsecured or inadequately collateralized,” stated Gomez in his report.
Imperial Consolidated has debts of US$336 million
The value of mining rights in economically crippled Argentina will determine the financial condition of the Imperial Consolidated Group.
More than 50 per cent of Imperial's total assets - on paper - are in holdings in mining ventures in Tucuman, said a spokesman for the group's UK-based administrator, Mazars Neville Russell Services.