OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

Buttonwood Fraud Victims: Time to Kick Out The Clowns

Investors in the litigation funding criminal enterprise known as Buttonwood Legal Capital, Centaur Litigation and Argentum need to kick out the clowns who are managing the different facets of this hopelessly insolvent group and take control of the situation before it gets even more out of hand. The Australia-based controllers of Buttonwood and Centaur - Stuart Hackett, Simon Franklin and Klaus Selinger, at least two of whom were appointed by fraudster Brendan Terrill - repeatedly told investors in late May and early June that liquidation petitions had been filed against three Centaur...

Axiom Case Exposes Dysfunctional English Court System

British authorities rarely fail to disappoint me by demonstrating how third world their country is whenever I try to obtain information for an investigation into financial wrongdoing. Incompetence, inefficiency, ignorance, unhelpfulness, and painstaking slowness are what I have come to expect over the years. Yes, there are some exceptions, but normally the process is like pulling teeth, where civil servants go out of their way to avoid providing information I am legally entitled to. It's as if they take pride in being obstructionist and useless. It's the British way - and I say that as...

Lester Turnquest fails to have 'fraud & murder' video removed from YouTube

Bahamas-based businessman Lester Turnquest has failed in his attempt to have one of OffshoreAlert's video recordings removed from YouTube. The recording explores allegations that Turnquest stole approximately $20 million from a Canadian offshore client and then, as part of a cover-up, ordered the murder of Turnquest's former business partner, British national Hywel Jones, who, at the time, was suing Turnquest over the alleged theft. The recording was of a presentation that I and Hywel's brother, Illtyd Jones, made at The OffshoreAlert Conference held in Miami Beach, Florida earlier this...

Axiom Fraud Victims: Watch how some of your money was squandered

As a video entitled "Tim & Claire Highlights" shows [video hurriedly removed from Vimeo after publication of this blog, see Footnote], British fraudster Timothy Schools liked nothing better than to 'play the big man' with the tens of millions of pounds that he swindled from investors in Axiom Legal Financing Fund from 2009 to 2012. Taken on March 19, 2011, the video shows Schools entertaining his family, friends, and associates to champagne and fine-dining at a luxury ski hotel in the French Alps that he owned - all bought and paid for by Axiom's cheated investors, of course. The...

Axiom Fund: Investors making one mistake after another

Investors in Axiom Legal Financing Fund have until Wednesday to try to block the appointment of KPMG's Kris Beighton and John Milsom as Receivers. Once KPMG is ensconced, it will be extremely difficult, perhaps impossible, to have them removed. For investors, it's time to put up or shut up. According to someone who attended Axiom's Extraordinary General Meeting in London on December 11, investors were informed that, since appointing KPMG in mid-October to investigate OffshoreAlert's allegations against Axiom and its investment manager, Tangerine Investment Management, Axiom's...

Fraudster Tim Schools turns to a reprobate's best friend - British libel law

Today's libel complaint by Axiom Legal Financing Fund fraudster Timothy Schools against me and OffshoreAlert at the U.K. High Court is as predictable as it is ineffective. In 2010, U. S. President Barack Obama signed into law The SPEECH Act, which renders British libel judgments unenforceable in the United States on the grounds that British libel law is "repugnant", which is a view shared by many people around the world, particularly journalists. The libel law that the United Kingdom has vomited on its current and former colonies is one of the most repulsive pieces of legislation...

Axiom Legal Financing Fund: The Lunacy Continues

In a letter to investors today, Axiom's directors stated that: "We would encourage any party who has evidence as to wrongdoing with respect to the Fund to provide that information to the appropriate authorities." Yet, over three weeks ago, OffshoreAlert provided the directors with audio recordings of David Rae, Andrew Walsh, and Dale Stephenson, who is Tim Schools' step-son, discussing, inter alia, that the biggest borrower owed the Fund £50 million but had run out of operating cash, that the borrower would still continue to receive "priority funding" if it continued to make payments...

Axiom Legal Financing Fund: Time for investors to take control

In their most recent letter to investors dated November 14, Axiom Legal Financing Fund's directors stated that an Extraordinary General Meeting will be held in December so that they can "present proposals regarding the continued management of the Fund" that they have received from "interested investment managers", with the possibility of holding a second EGM in January, 2013 to discuss the same thing. In doing this, the Fund's directors continued to dangle the carrot in front of investors that this Fund is somehow salvageable. However, if KPMG has conducted a credible investigation,...

A Message to Investors of Axiom Legal Financing Fund

The bad news is you have been defrauded of your investment in Axiom Legal Financing Fund. Your money has been embezzled by the Fund's controlling person, Timothy Schools, and other insiders. The sooner you accept this, the sooner you can start taking steps to recover some of your losses. The worst thing you can do is hold out any hope that the Fund is going to get back on its feet. Trust me, that's not going to happen. It's inevitable that the Fund will go into liquidation. The good news is that the level of incompetence, unprofessionalism and negligence by the Fund's advisers and those...

McKeeva Bush Corruption Investigation: Time for US to step in

The two-year corruption investigation by the Royal Cayman Islands Police Service into the jurisdiction's Premier, McKeeva Bush, is turning into the sort of incompetent, expensive fiasco that the Cayman Islands and its mother country, the United Kingdom, are known for. For specific details about the latest all-too-predictable buffoonery in Cayman, see an article published recently by Cayman News Service. In a nutshell, it seems like Cayman's Police Commissioner, David Baines, is laying the groundwork for a future announcement that no criminal charges will be brought against Bush,...

eMail Alerts  

Sign-Up for eMail Alerts
1