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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.

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".

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.

Anguilla judge refuses to enforce $7.4 m U.S. arbitration award

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.

Joe Zahn leaves scandal-plagued, Cayman-based CMZ Group

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.

British attorney Tim Schools struck off for 'serious misconduct'

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.

Fraudulent Centaur funds go into provisional liquidation in Cayman

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.

St-Cyr admits Cayman/TCI laundering scheme, attorney Poulin set to do same

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.
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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