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Head of Cayman fund group Tim Schools accused of professional misconduct in UK

August 22, 2012 by David Marchant

HIGHLIGHTS

  • Fund boss Tim Schools "behaved in a manner which was likely to diminish the trust the public places in him and/or the legal profession"
  • Third professional disciplinary action brought against Schools since he became an attorney in 1999
  • Schools, through his attorney, denies any wrongdoing
  • Schools is behind fast-growing fund with business interests in Cayman, Isle of Man and UK
The head of a Cayman Islands fund group that claims to manage $160 million, promotes its investments as "low risk" and boasts of "consistent" 12% net annual returns for investors is being prosecuted for alleged professional misconduct in the United Kingdom. British attorney Tim Schools faces 11 allegations, including that he "failed to act with integrity" and "failed to act in the best interests of his clients".

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