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USA seeks $39 m from Estate of ex-Cayman banker John Mathewson and two Bahamas firms

August 30, 2011 by David Marchant

HIGHLIGHTS

  • Judgment has ballooned from $11 m in 1993 to $39 m in 2011
  • USA claims judgment is enforceable for 20 years
  • USA says Mathewson hid "most" of his assets in Bahamas corporations
The USA has filed a complaint against the Estate of deceased former offshore banker John Mathewson in an attempt to collect on an unpaid judgment for $11.3 million in 1993 that has ballooned to $39 million. The defendants include two Bahamas companies in which Mathewson allegedly "kept most of his money hidden".

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