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Creditors of fraudulent Cayman Islands stock broker to receive just one cent on the dollar

March 22, 2012 by David Marchant


  • Creditors will receive just US$112,000
  • Virtually all of the US$4 million of assets realized have been paid in fees and expenses to liquidators and their attorneys
Fifty-two creditors who are owed US$9.8 million by a Cayman Islands-based financial services group known as 'SEGOES' that was fraudulently-operated by U. S. national John Kaweske will receive a liquidation dividend of just one per cent.

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