April 10, 2015 - Cayman Islands-based Caledonian Bank has millions of dollars of related-party transactions that typically "can be difficult to recover full value" and is exposed to "a single large loan" of $93.7 million, representing more than half of all loans receivable. The grim news for creditors came in the first report of liquidators Keiran Hutchison and Claire Loebell.
April 08, 2015 - First Report of Joint Official Liquidators Keiran Hutchison and Claire Loebell to Creditors of Caledonian Bank Limited.
April 02, 2015 - Originating Application in Rural International Bank Limited v. Dallas Trading Corp. at the British Virgin Islands High Court.
April 01, 2015 - Petition to continue the voluntary liquidation of Caledonian Group Services Limited under the supervision of the Grand Court of the Cayman Islands.
March 31, 2015 - Victims of Belvedere Management Group's global fraud scheme were pouring so much money into its London division that 33-year-old boss Anthony Constantinou regularly threw huge wads of cash up in the air for employees to grab as it rained down or scoop from the floor while on their hands and knees, according to a former employee.
March 31, 2015 - Writ and Statement of Claim in DMS Bank & Trust Ltd. and dms Organization Ltd. v. Jazeb Jones at the Grand Court of the Cayman Islands.
March 27, 2015 - Complaint in Equiom (Isle of Man) Limited v. Smith Electric Vehicles US Corp. at the U. S. District Court for the Southern District of New York.
March 20, 2015 - Offering Memorandum for Caledonian Bank Limited and Caledonian Securities Limited (both in Official Liquidation) distributed by Ernst & Young. Note: OffshoreAlert has removed Page 4 of the document to protect the identity of the recipient.
March 17, 2015 - Forfeiture Complaint for US$92 million in USA v. Commerzbank AG at the U. S. District Court for the District of Columbia.
March 17, 2015 - Offshore fund group Belvedere Management, which claims to have $16 billion of assets under administration, management and advisory, appears to be one of the biggest criminal financial enterprises in history, headed by David Cosgrove, Cobus Kellermann and Kenneth Maillard, OffshoreAlert can reveal.