May 07, 2013 - Writ of Summons in Weavering Macro Fixed Income Fund Limited (in Official Liquidation) v. Ernst & Young Chartered Accountants (Dublin), Ernst & Young Ltd. (Cayman Islands), and Ernst & Young (Cayman Islands) at the Grand Court of the Cayman Islands - May 7, 2013
February 14, 2013 - Request to take evidence from Deloitte BVI in U. S. Securities and Exchange Commission v. Brian Raymond Callahan, Horizon Global Advisors Ltd., Horizon Global Advisors LLC, Diversified Global Investments (BVI) LP, The Matsers Global Fund LP, Fiduciary Select Income Fund LP, Horizon Millennium Investments LP, Pangea Offshore High Yield Portfolio LLC, Adam Manson, Distinctive Investments LLC, and Distinctive Ventures LLC at the U. S. District Court for the Eastern District of New York.
January 09, 2013 - The auditor of a British law firm that owes Axiom Legal Financing Fund approximately £50 million has resigned, citing problems obtaining sufficient information to perform its task. OffshoreAlert has uncovered evidence calling into question the auditor's independence.
December 21, 2012 - Letter from Saint & Co. to Ashton Fox Solicitors Resignation as Auditor - December 21, 2012
December 07, 2012 - The Irish and Cayman Islands operations of Ernst & Young are being sued by the liquidators of Weavering Macro Fixed Income Fund Limited, which collapsed in 2009 and has an estimated insolvency of more than US$500 million.
November 30, 2012 - Writ of Summons in Weavering Macro Fixed Income Fund Limited (in Official Liquidation) v. Ernst & Young Chartered Accountants (a firm), domiciled in Ireland; Ernst & Young Ltd., and Ernst & Young (a firm), both domiciled in the Cayman Islands, at the Grand Court of the Cayman Islands.
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.
June 14, 2012 - Notice of Originating Motion in Robert Patraulea v. Cayman Islands Society of Professional Accountants at the Grand Court of the Cayman Islands.
June 14, 2012 - First Superseding Indictment in USA v. California-based tax preparers David Almog, David Kalai, and Nadav Kalai who allegedly established and maintained "secret" accounts for clients at Bank Hapoalim and Leumi Bank.
June 11, 2012 - Investors who were defrauded out of approximately US$19 million by four Cayman Islands-based hedge funds known as the Grand Island Funds received an initial dividend of 57 cents in the dollar last month from the liquidators, with the prospect of up to six cents more as a final dividend. The first distribution was made possible after the liquidators received US$7 million from the Funds' former service providers, directors and other insiders to settle disputes.
