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Dismatrix SPC et al v. Equiti Capital UK Ltd.: Complaint

October 29, 2020
Complaint for $12.7 million alleging "Defendant is in receipt of funds as part of a fraudulent investment scheme at the expense of the Claimants" in Dismatrix SPC, Asyndeton, and Polysyndeton, all of the Cayman Islands v. Equiti Capital UK Limited, of England, at the High Court of Justice of England and Wales.

Steven Goodman v. DMS Governance Ltd.: Appeal Judgment

April 27, 2020
Judgment regarding an appeal against a lower court's dismissal of a claim against a Cayman Islands-based corporate services provider regarding Axiom Legal Financing Fund, described as having committed "a very substantial fraud in which over US$ 120 million ... was misappropriated by Tim Schools", in Steven Goodman, a lawyer specializing in litigation funding v. DMS Governance Limited at the Court of Appeal of the Cayman Islands.

SKAT v. John van Merkensteijn et al: Judicial Assistance (Cayman Islands)

April 27, 2020
Motion for Issuance of a Request for International Judicial Assistance to Obtain Evidence in the Cayman Islands from Bell Rock Corporate Services, Campbell Corporate Services Limited, CO Services Cayman Limited, DMS Corporate Services Ltd., Forbes Hare Trust Company Limited, Genesis Trust & Corporate Services Ltd., Harneys Services (Cayman) Limited, Intertrust Corporate Services (C.I.) Limited, Ocorian (Cayman) Limited, Sterling Trust (Cayman) Limited, Trident Trust Company (Cayman) Limited, Vistra (Cayman) Limited, and Walkers Corporate Limited regarding an allegedly fraudulent 12.7 billion Danish Kroner tax refund fraud scheme whose "principal organizer" was identified as Dubai-based British national Sanjay Shah in Skatteforvaltningen, a.k.a. SKAT, Denmark's tax collection agency v. John van Merkensteijn, Richard Markowitz, Bernina Pension Plan Trust, RJM Capital Pension Plan Trust, 2321 Capital Pension Plan, Bowline Management Pension Plan, California Catalog Company Pension Plan, Clove Pension Plan, Davin Investments Pension Plan, Delvian LLC Pension Plan, DFL Investments Pension Plan, Laegeler Asset Management Pension Plan, Lion Advisory Inc. Pension Plan, Mill River Capital Management Pension Plan, Next Level Pension Plan, Rajan Investments LLC Pension Plan, Spirit on the Water Pension Plan, and Traden Investments Pension Plan at the U. S. District Court for the Southern District of New York.

Derek Scheinman: Chapter 15 Petition (Cayman Islands)

January 6, 2020
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Allan Rutman, of Zeifman Partners, Inc., as the Foreign Representative of Derek Scheinman, a citizen of Canada and a suspected fraudster who controlled "a mortgage-backed security investment venture" known as Grossman Silver Horizon LP, at the U. S. Bankruptcy Court for the Southern District of Florida.

Kristofer Riklis v. Eran Penini et al: Complaint

October 25, 2019
Complaint for $485,000 alleging fraud in Kristofer Riklis, individually and as Trustee of the Kristofer Zadora Riklis 2011 Trust v. Eran Penini, of Los Angeles, CA; Inle Capital Fund LP, of Delaware; Inle Capital Partners GP LLC, of Delaware; Inle Capital Management LP, of Delaware; and Inle Capital International Fund Ltd., a Cayman Islands fund allegedly managed by non-party DMS Management Ltd., at the Superior Court of the State of California, County of Los Angeles.

White Oak Strategic Master Fund LP et al: Chapter 15 Petition

June 12, 2019
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Luke Almond and Cosimo Borrelli, as the Foreign Representatives of White Oak Strategic Master Fund LP and White Oak Strategic Fund Ltd., at the U. S. Bankruptcy Court for the Northern District of California.

Ascot Fund Ltd.: Chapter 15 Petition

February 25, 2019
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Michael Penner, as the Foreign Representative of Ascot Fund Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

USA v. Mark Scott: Bill of Particulars

February 22, 2019
USA's Forfeiture Bill of Particulars in USA v. Mark Scott regarding accounts at DMS Bank and Trust Ltd., of the Cayman Islands; FirstCaribbean International Bank, Iberia Bank, RBC Dominion Securities Global Ltd., Dreyfus Sohne & Cie AG, Cooperative Bank of Cape Cod, Northern Trust Company, Ocean Bank, UBS Financial Services, and Wells Fargo Advisors and other property at the U. S. District Court for the Southern District of New York.

Rennie Produce (Aust) Pty Ltd. v. UBS AG et al: Discovery Application (Australia)

October 18, 2018
Ex Parte Application by Andrew Reginald Yeo and Gess Michael Rambaldi, as liquidators of Rennie Produce (Aust) Pty Ltd. (in Liquidation), to take discovery from UBS AG, Midland States Bank, Pershing LLC, and The Federal Reserve Bank of New York for use in a contemplated legal action in Australia against Paul Rennie, filed at the U. S. District Court for the Southern District of New York.

Privilege Wealth Plc reports £42M ‘deficiency’

March 1, 2018
In a 'Statement of Affairs' filed with Companies House in Britain yesterday, investment fraudster Privilege Wealth Plc reported an estimated deficiency of £42 million. Of that amount, the company reported that £39.55 million is owed to investors, £2.5 million owed to its directors, and £124,038 to trade creditors.

Madison Niche Assets Fund Ltd.: Chapter 15 Petition

January 11, 2016
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Christopher Kennedy and Matthew Wright, as the Foreign Representatives of Madison Niche Assets Fund Ltd. and Madison Niche Opportunities Fund, Ltd, at the U. S. Bankruptcy Court for the District of Delaware.

Tangerine Investment Management Ltd.: Assignment Order

May 20, 2015
Order authorizing the liquidators of Tangerine Management Limited (in Official Liquidation) to assign various causes of action against Timothy Schools, Dawn Cummings and DMS Offshore Investment Services Limited to Steven Jeremy Goodman at the Grand Court of the Cayman Islands.

JP Funds Cayman umbrella fund hit by another major fraud

August 21, 2013
The Cayman Islands-domiciled umbrella fund of which the fraudulent Axiom Legal Financing Fund was a sub-fund has been involved in at least two other frauds, OffshoreAlert can reveal. In the latest incident, investors in currency fund Capricorn FXG10 were allegedly swindled out of $26.6 million by British Virgin Islands-domiciled Global Tradewaves Ltd.

ICP Structured Credit Income Fund Ltd.: Chapter 15 Petition

June 28, 2013
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Hugh Dickson and Stephen Akers, as the Foreign Representatives of ICP Structured Credit Income Fund Ltd. and ICP Strategic Credit Income Master Fund Ltd., at the U. S. Bankruptcy Petition for the Southern District of New York.

Offshore hedge fund boss charged with fraud in New York

June 8, 2013
U. S.-based hedge fund manager Fredrick Scott has been charged with defrauding investors in his ACI Capital Group, which has offshore structures and accounts in the British Virgin Islands and Cayman Islands,

JP SPC 1: Receivership Petition

December 13, 2012
Petition by Ronan Guilfoyle and Graham Hampson to appoint Receivers for Axiom Legal Financing Fund, a portfolio of JP SPC 1, at the Grand Court of the Cayman Islands.

Axiom fraud leaves offshore providers exposed to massive claims for damages

November 19, 2012
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.
Timothy Schools

Head of Cayman fund group Tim Schools accused of professional misconduct in UK

August 22, 2012
The head of a Cayman Islands fund group that claims to manage $160 million, promotes its investments as "low risk" and boasts of "consistent" 12% net annual returns for investors is being prosecuted for alleged professional misconduct in the United Kingdom. British attorney Tim Schools faces 11 allegations, including that he "failed to act with integrity" and "failed to act in the best interests of his clients".
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