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Royal Bank of Canada fined $35 m for illegal scheme involving Bahamas, Cayman & other branches

December 18, 2014 - Royal Bank of Canada has agreed to pay a $35 million fine to settle a regulatory lawsuit in the United States in which it was accused of perpetrating a "multi-hundred million dollar" fraud through its operations in the Bahamas, Cayman Islands, London, Luxembourg, New York and Toronto.

Bermuda insurance boss Paul Scope sues JLT Park

November 06, 2014 - Bermuda-based insurance officer Paul Scope is suing JLT Park Ltd., the Bermuda insurance broker of which he is or was chairman and CEO.

Bermuda-based Argus Group sued by U.S. victim of Bernard Madoff

October 29, 2014 - The Bermuda-based Argus insurance group is being sued in the United States by an elderly client who claims to have lost his $9 million retirement money when it was invested in Bernard Madoff's Ponzi scheme less than three months before it collapsed.

Briton Steven Goodman 'evades service' of lawsuit connected to Axiom Legal Financing Fund

October 13, 2014 - British attorney and Singapore resident Steven Goodman has been accused of "actively evading service" of a complaint against him in New York for alleged extortion of the Cayman Islands-based DMS Group regarding the fraudulent Axiom Legal Financing Fund.

Poulin and St-Cyr sentenced to 14 months in prison for money laundering

October 03, 2014 - Canadian nationals Patrick Poulin and Eric St-Cyr were today each sentenced to 14 months in prison for participating in an offshore money laundering scheme - prison terms that were significantly less than U. S. prosecutors had been seeking.

Poulin bankrupt & disbarred, St-Cyr to divorce after money laundering convictions

September 28, 2014 - Patrick Poulin has filed for bankruptcy and been disbarred in Canada and the Turks and Caicos Islands as a result of his conviction for money laundering in the United States, while the wife of co-defendant Eric St-Cyr has filed for a divorce, according to court filings ahead of sentencing this Friday.
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Portland Financial Management Group directors accused of 'hampering' liquidation

September 25, 2014 - Secretive Delaware firm Treadstone Corporate Services LLC and two British nationals - Anthony Smith and Timothy Eddolls - who helped swindle investors in Cayman Islands-domiciled Axiom Legal Financing Fund have been accused of 'hampering' the liquidation of three investment firms in England that, like Axiom itself, appear to have been operated fraudulently.

Assets of investment fund linked with TCI attorney Courtenay Barnett frozen in Miami

September 23, 2014 - An investment fund of which Turks and Caicos Islands-based attorney Courtenay Barnett was identified in a corporate filing as "president" - a position he says he never held - has had its assets frozen as part of an investigation into a suspected $4.6 million Ponzi scheme.

Liquidators of Cayman-domiciled Centaur Group paint grim picture for swindled investors

September 16, 2014 - More than £27 million of the £80 million raised from investors by the Cayman Islands-domiciled Centaur Group may have been misappropriated by insiders Scott Williams, Duane McGaw, Brendan Terrill and others, according to the Joint Provisional Liquidators.

U.S. indicts six people for alleged $500 m offshore fraud & money laundering scheme

September 09, 2014 - Six citizens of the Bahamas, Belize, Canada, and the United States and six corporations have been criminally indicted in New York for allegedly perpetrating a $500 million offshore asset protection, securities fraud, and money laundering scheme.
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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