Articles Bahamas Featured Fraud Imperial Consolidated Investment Liquidations & InsolvenciesSeptember 30, 2000

    Bahamas fund group forced into receivership

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    24 years ago

    Topics

    Bahamas Fraud Investment Liquidations & Insolvencies

    Keywords

    Alfred Sears Arcadia Mutual Fund BDO Clifford Culmer Donna Wood
    Equivest Premier Global Prosperity Group Hawthorne-Sterling Ian Renert Imperial Consolidated Lynden Bridges Maurice Glinton Michael Scott Pannell Kerr Forster Paul Seaward
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    An unlicensed, unaudited mutual fund group into which over 550 investors invested approximately $13.2 million has been forced into Receivership by the Bahamas Securities Commission.
    It has triggered a bitter legal battle for control of the Hawthorne-Sterling family of funds between their Receiver, accountant Clifford Culmer, and their founder, American Ian L. Renert.