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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".

More red flags regarding fast-growing Axiom Legal Financing Fund

October 10, 2012 - As investors continue to pour millions of pounds each month into Cayman Islands-domiciled Axiom Legal Financing Fund, OffshoreAlert has uncovered more red flags, including conflicting financial statements, £7.9 million loaned to a debt-ridden law firm owned by Axiom's principal, and insurance provided by an unregulated, unaudited firm that is currently defending a fraud lawsuit brought by one of its clients.

Axiom Legal Financing Fund appears to be a Ponzi scheme

November 05, 2012 - New evidence uncovered by OffshoreAlert indicates that the recently-suspended Axiom Legal Financing Fund is hopelessly insolvent as a result of self-dealing and fraud by insiders. The Cayman Islands-domiciled Fund, which has raised more than £117 million, appears to be a Ponzi scheme.

Argentum Capital litigation fund financed by £90 m Ponzi scheme

February 18, 2014 - London-based litigation fund Argentum Capital, whose shares are listed on the Channel Islands Securities Exchange and whose chairman is retired British judge David Keene, is being financed by what appears to be a £90 m Ponzi scheme headed by Briton Brendan Terrill and involving the BVI, Cayman Islands, Hong Kong, Jersey, Singapore, Thailand and other jurisdictions, OffshoreAlert can reveal.

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.

Credit Suisse (Guernsey) and trust officers accused of concealing proceeds of corruption by Ukraine politicians

January 17, 2012 - Credit Suisse (Guernsey), three of its trust officers and a BVI-domiciled IBC are being sued for allegedly concealing the proceeds of corruption by former Ukraine Prime Ministers Pavlo Lazarenko and Yulia Tymoshenko and avoiding paying debts, including an $18 m judgment. At least $2.6 m in "bribes" went into accounts at Barclays Bank, in the Cayman Islands, it was alleged.

Axiom Legal Financing Fund suspended, investors appear to be victims of fraud

October 27, 2012 - Cayman Islands-domiciled Axiom Legal Financing Fund suspended redemptions and halted new subscriptions yesterday - a result of an investigation into the Fund by OffshoreAlert. Meanwhile, our ongoing investigation suggests that investors - who have invested at least £117 million - are victims of a massive fraud orchestrated by British solicitor Tim Schools and others.

USA v. Bryce Gilroy Merren: Court Docket as of March 14, 2014

March 14, 2014 - Court Docket as of March 14, 2014 in USA v. Bryce Gilroy Merren at the U. S. District Court for the District of Puerto Rico.

Offshore hedge fund liquidators accuse NY-based Fletcher Asset Management of impeding investigation into 'suspicious' activity

June 13, 2012 - A hedge fund group operated by New York-based Fletcher Asset Management that claims to manage $550 million in Bermuda, Bahamas, Cayman Islands and Delaware has been accused of impeding an investigation into its affairs by offshore liquidators, who have also raised concerns about allegedly related entities in the British Virgin Islands and the Channel Islands.

Royal Bank of Canada used Cayman and Bahamas branches for 'massive fraud', claims U. S. regulator

April 03, 2012 - The Cayman Islands and Bahamas branches of Royal Bank of Canada were used by RBC to commit a "multi-hundred million dollar" fraud, according to the U. S. Commodity Futures Trading Commission. The alleged mastermind was not named in the CFTC's complaint but it seems to be Richard Tavoso, RBC's Head of Global Arbitrage and Trading.
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Buttonwood Fraud Victims: Time to Kick Out The Clowns
David Marchant
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