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.
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".
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.
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.
July 10, 2014 - Anguilla High Court Judge Cheryl Mathurin has dismissed an application to enforce a $7.4 m foreign arbitration award against local attorney Keithley Lake and three offshore firms accused of swindling clients in a tax planning scheme.
July 10, 2014 - United States national Andrew Joseph Zahn has left as Group Director and shareholder of the scandal-plagued CMZ Group, which is headquartered in the Cayman Islands and operates pawn shops and other businesses in the Caribbean.
July 06, 2014 - Timothy Schools, who masterminded the £100 million-plus, Cayman Islands-domiciled Axiom Legal Financing Fund fraud, was struck off as a solicitor in England and Wales on June 27th for professional misconduct.
July 02, 2014 - Three fraudulently-operated litigation funds known as 'Centaur' went into provisional liquidation at the Grand Court of the Cayman Islands last Friday. They are Centaur Litigation SPC, Centaur Litigation Limited, and Centaur Litigation Unit Series 1 Limited.
June 30, 2014 - Canadian Eric St-Cyr has become the second of three defendants to plead guilty to conspiracy to commit money laundering in a scheme involving the Cayman Islands and Turks and Caicos Islands, while the third defendant - TCI-based attorney Patrick Poulin - is due to plead guilty on July 11.
June 25, 2014 - Litigation funding firm Buttonwood Legal Capital - which perpetrated a £97 million fraud against investors - says it has brought a lawsuit in the British Virgin Islands against former managers Brendan Terrill and Scott Williams for allegedly siphoning off funds. The case has apparently been sealed by the BVI High Court.