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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.

John Deuss fires attorney after judge issues sanctions for misconduct

September 09, 2014 - Bermuda-based businessman John Deuss, 71, has replaced his attorney - Philip E. Cook - after Cook and his law firm, Jones Day, were sanctioned for misconduct in a failed lawsuit against Deuss' 36-year-old former fiancée, Nicola Siso, to recover an engagement ring and approximately $1 million in "gifts" after she ended their relationship.

Joshua VanDyk sentenced to 30 months in prison for offshore money laundering

September 05, 2014 - Former Cayman Islands-based investment adviser Joshua VanDyk was today sentenced to 30 months in prison in the United States for his part in a money laundering scheme.

Two more attorneys accused of misconduct over Axiom Legal Financing Fund fraud

August 31, 2014 - Two more British attorneys - Richard Barnett and Anthony Swift - who participated in the £100 million-plus fraud committed via Cayman Islands-domiciled Axiom Legal Financing Fund have been accused of professional misconduct, including misappropriating funds received from Axiom.

John Deuss dismisses lawsuit against former fiancee

August 23, 2014 - Bermuda-based businessman John Deuss, 71, has dropped a lawsuit against his 36-year-old former fiancée, Nicola Siso, after acknowledging that he had improperly deposed her mother and issued subpoenas in what she claimed was an attempt to "harass and humiliate" her.

Citco (Cayman) sues trust officer for 'leaking client information'

August 20, 2014 - Citco Trustees (Cayman) Ltd. is suing one of its former trust officers - Reynaldo Beluso II - for allegedly disclosing confidential information about a client to third parties.

Bahamas-based Alliance Investment Management & President accused of fraud by US SEC

August 08, 2014 - Bahamas-based securities broker Alliance Investment Management and its president, Julian Brown, were today sued by the U. S. Securities and Exchange Commission for allegedly helping Nikolai Battoo swindle investors out of $45 m, $5 m of which was allegedly used to "help keep AIM solvent".

Cayman's Bryce Merren 'should plead guilty', says counsel

August 04, 2014 - Cayman Islands resident Bryce Merren, who has been criminally indicted on three counts of cocaine trafficking and money laundering, will be advised by his counsel to enter into a plea agreement.

Hedge fund auditor Marcum sued for $25 m by Cayman liquidators

August 01, 2014 - The Cayman Islands-based liquidators of a hedge fund group controlled by Long Island-based Corey Ribotsky that collapsed due to fraud are seeking damages of $25 million in a lawsuit against the funds' auditor, Marcum & Kliegman.

New details about Buttonwood Legal Capital's fraud lawsuit against Brendan Terrill & Scott Williams

July 24, 2014 - A writ of summons filed last month in the British Virgin Islands against the suspected masterminds of the £97 million Buttonwood/Argentum/Centaur litigation funding fraud - Scott Williams and Brendan Terrill - recently became publicly available.
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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