January 10, 2015 - Cayman Islands-domiciled life and annuity reinsurer Front Street Re has been accused of participating in a "financial shell games" scheme to defraud insureds that also allegedly involved Bermuda-based Wilton Re.
January 08, 2015 - Nineteen more claw-back lawsuits seeking a combined US$65 m have been filed in the Cayman Islands by the liquidators of Weavering Macro Fixed Income Fund against banks, investment funds and other firms in Bermuda, Canada, Cayman, Curacao, France, Guernsey, Hong Kong, Ireland, Jersey, Luxembourg, Singapore, and Switzerland.
January 01, 2015 - The liquidators of Cayman Islands-domiciled Weavering Marco Fixed Income Fund Limited have filed lawsuits in an attempt to claw-back US$6.5 million in 'invalid redemptions' by five Swedish investors in the six months prior to liquidation.
December 18, 2014 - Royal Bank of Canada has agreed to pay a $35 million fine to settle a regulatory lawsuit in the United States in which it was accused of perpetrating a "multi-hundred million dollar" fraud through its operations in the Bahamas, Cayman Islands, London, Luxembourg, New York and Toronto.
October 29, 2014 - The Bermuda-based Argus insurance group is being sued in the United States by an elderly client who claims to have lost his $9 million retirement money when it was invested in Bernard Madoff's Ponzi scheme less than three months before it collapsed.
October 13, 2014 - British attorney and Singapore resident Steven Goodman has been accused of "actively evading service" of a complaint against him in New York for alleged extortion of the Cayman Islands-based DMS Group regarding the fraudulent Axiom Legal Financing Fund.
October 03, 2014 - Canadian nationals Patrick Poulin and Eric St-Cyr were today each sentenced to 14 months in prison for participating in an offshore money laundering scheme - prison terms that were significantly less than U. S. prosecutors had been seeking.
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 identified in a corporate filing as "president" - a position he says he never held - has had its assets frozen as part of an investigation into a suspected $4.6 million Ponzi scheme.