September 28, 2014 - Patrick Poulin has filed for bankruptcy and been disbarred in Canada and the Turks and Caicos Islands as a result of his conviction for money laundering in the United States, while the wife of co-defendant Eric St-Cyr has filed for a divorce, according to court filings ahead of sentencing this Friday.
September 25, 2014 - Secretive Delaware firm Treadstone Corporate Services LLC and two British nationals - Anthony Smith and Timothy Eddolls - who helped swindle investors in Cayman Islands-domiciled Axiom Legal Financing Fund have been accused of 'hampering' the liquidation of three investment firms in England that, like Axiom itself, appear to have been operated fraudulently.
September 23, 2014 - An investment fund of which Turks and Caicos Islands-based attorney Courtenay Barnett was president has had its assets frozen as part of an investigation into a suspected $4.6 million Ponzi scheme.
September 16, 2014 - More than £27 million of the £80 million raised from investors by the Cayman Islands-domiciled Centaur Group may have been misappropriated by insiders Scott Williams, Duane McGaw, Brendan Terrill and others, according to the Joint Provisional Liquidators.
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.
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.
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.
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.