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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.

Buttonwood says it has sued ex-managers Brendan Terrill & Scott Williams for fraud

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.

BVI and Cayman lawsuits in fight for control of fraudulent litigation funding group

June 18, 2014 - The slow and chaotic collapse of a fraudulent litigation funding group known as Argentum, Buttonwood and Centaur that was triggered by an OffshoreAlert exposé four months ago has finally hit the courts, with four actions filed in the BVI and Cayman.

Investment adviser admits laundering 'criminal proceeds' through Cayman & TCI firms

June 16, 2014 - Investment adviser Joshua VanDyk has admitted conspiring to commit money laundering with his former boss in the Cayman Islands, Eric St-Cyr, and a Turks and Caicos Islands-based attorney, Patrick Poulin. VanDyk faces up to five years in prison.

Cayman investment adviser Joshua VanDyk due to plead guilty

June 11, 2014 - Joshua VanDyk, who was a Cayman Islands-based investment adviser until he was arrested in Miami three months ago after being indicted for money laundering, is due to plead guilty tomorrow at federal court in Virginia.

BVI fraudster Buttonwood's liquidation claims against Cayman Centaur funds are false

June 04, 2014 - Claims by BVI-domiciled Buttonwood Legal Capital that it applied last month to liquidate three affiliated investment funds in the Cayman Islands that go by the name 'Centaur' are false, OffshoreAlert can reveal. No such petitions were filed.
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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