Argentum Group Articles Asset Recovery Australia Cayman Islands Channel Islands Featured Fraud Hong Kong Investment Jersey Legal Liquidations & Insolvencies United KingdomMarch 2, 2015

    Buttonwood Legal Capital fraud victims asked for another £14 m to finance ‘rescue fund’

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    By
    9 years ago

    Topics

    Asset Recovery Australia Cayman Islands Channel Islands Fraud
    Hong Kong Investment Jersey Legal Liquidations & Insolvencies United Kingdom
    [ 6 more... ] [ top 5 ]

    Keywords

    Argentum Group Brendan Terrill Buttonwood Legal Capital Centaur Litigation Chiron Litigation Funding
    David Bennett Dequity Partners Pty Grant Thornton Hugh Dickson Klaus Selinger Said Jahani Scott Williams Simon Franklin Stuart Hackett
    [ 9 more... ] [ top 5 ]

    Highlights

    • Investors offered 'get-rich-quick' double-digit annual returns, plus share of any recoveries
    • Offering Proceeds: 5% commission to Buttonwood Group insiders, 95% to JPLs Grant Thornton
    • Prior business failures of Franklin and Selinger not disclosed in prospectus. Instead, investors are told of Franklin's "strong background"
    • Fraudster Chris Keats promotes offering to victims. His precise role is not clear

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    Investors who have already been swindled out of £98 million in a litigation funding scam by Buttonwood Legal Capital are being asked to invest a further £14.63 million to finance a Cayman Islands-domiciled ‘rescue fund’ set up by Simon Franklin, Stuart Hackett, and Klaus Selinger, who were all involved with the Buttonwood scheme before its collapse. 

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