Singapore

Timothy Schools: Threatening Letter to Conference Hotel

Letter on behalf of Timothy Schools sent to Manager of The May Fair Hotel, in London on November 22, 2012 warning of "the threat" posed by OffshoreAlert's publisher, David Marchant, and advising that the hotel could be "named" in legal proceedings against OffshoreAlert

Axiom Legal Financing Fund: The Lunacy Continues

In a letter to investors today, Axiom's directors stated that "We would encourage any party who has evidence as to wrongdoing with respect to the Fund to provide that information to the appropriate authorities." Yet, over three weeks ago, OffshoreAlert

Axiom fraud leaves offshore providers exposed to massive claims for damages

Offshore providers in the Cayman Islands, Isle of Man, and Switzerland face huge liabilities after allowing insiders to loot Axiom Legal Financing Fund of tens of millions of pounds. Those most at risk from being sued by Axiom's eventual liquidators appear to be DMS Group, JP Funds Group, BDO Cayman, and Ogier, all in the Cayman Islands; Turnstone Group, in the Isle of Man; and Portland Financial Management, of Switzerland.

Axiom Legal Financing Fund: Time for investors to take control

In their most recent letter to investors dated November 14, Axiom Legal Financing Fund's directors stated that an Extraordinary General Meeting will be held in December so that they can "present proposals regarding the continued management of the Fund". In

A message to investors of Axiom Legal Financing Fund

The bad news is you have been defrauded of your investment in Axiom Legal Financing Fund. The sooner you accept this, the quicker you can start taking steps to recover some of your losses. The good news is that the

Axiom Legal Financing Fund appears to be a Ponzi scheme

New evidence uncovered by OffshoreAlert indicates that the recently-suspended Axiom Legal Financing Fund is hopelessly insolvent as a result of self-dealing and fraud by insiders. The Cayman Islands-domiciled Fund, which has raised more than £117 million, appears to be a Ponzi scheme.

Axiom Legal Financing Fund suspended, investors appear to be victims of fraud

Cayman Islands-domiciled Axiom Legal Financing Fund suspended redemptions and halted new subscriptions yesterday - a result of an investigation into the Fund by OffshoreAlert. Meanwhile, our ongoing investigation suggests that investors - who have invested at least £117 million - are victims of a massive fraud orchestrated by British solicitor Tim Schools and others.
Timothy Schools

More red flags regarding fast-growing Axiom Legal Financing Fund

As investors continue to pour millions of pounds each month into Cayman Islands-domiciled Axiom Legal Financing Fund, OffshoreAlert has uncovered more red flags, including conflicting financial statements, £7.9 million loaned to a debt-ridden law firm owned by Axiom's principal, and insurance provided by an unregulated, unaudited firm that is currently defending a fraud lawsuit brought by one of its clients.

Stop Notice: Shares in MOPU Holdings, Ltd.

Stop Notice by BNP Paribas regarding shares in MOPU Holdings, Ltd. owned by Coastal Energy Company, filed at the Grand Court of the Cayman Islands.

CFTC v. Nikolai Battoo et al: TRO Motion

Plaintiff's Emergency Ex Parte Motion for Statutory Restraining Order, Asset Freeze, Preliminary Injunction, Expedited Discovery, Appointment of Receiver and Other Equitable Relief in U. S. Commodity Futures Trading Commission v. Nikolai Simon Battoo, BC Capital Group Holdings SA, BC Capital Management LLP, BC Capital Group Global, BC Capital Group Limited, BC Capital Group International Limited, and BC Capital Group SA at the U. S. District Court for the Northern District of Illinois.

SEC v. Tracy Sunderlage et al: Motion for TRO

Motion for Temporary Restraining Order in U. S. Securities and Exchange Commission v. Tracy Lee Sunderlage, Nikolai Simon Battoo, BC Capital Group S.A., and BC Capital Group Limited at the U. S. District Court for the Northern District of Illinois.

Share Charge: Kangda Holdings Company Limited

Charge by Baring Private Equity Asia V Holding (5) Limited over shares in Kangda International Company Limited owned by Kangda Holdings Company Limited, filed at the Grand Court of the Cayman Islands.

IFM Overseas Ltd.: Stop Notice

Stop Notice by GL Asia Mauritius II Cayman Ltd. regarding shares in IFM Investments Ltd. owned by IFM Overseas Limited, filed at the Grand Court of the Cayman Islands.

United Kingdom v. James Onanefe Ibori et al: Application to Enforce Restraining Orders

USA's Ex Parte Application to Enforce and Register Foreign Restraining Orders in connection with an investigation in the United Kingdom into an alleged money laundering scheme by James Onanefe Ibori, former Governor of Nigeria's Delate State, and Bhadresh Gohil, an English attorney, filed at the U. S. District Court for the District of Columbia.

Impro Precision Industries Limited: Stop Notice(2)

Stop Notice by GE Capital Equity Investments Ltd. regarding shares in Impro Precision Industries Limited owned by Impro Development Limited, filed at the Grand Court of the Cayman Islands.

Impro Precision Industries Limited: Stop Notice

Stop Notice by Baring Private Equity Asia V Holding (2) Limited regarding shares in Impro Precision Industries Limited owned by Impro Development Limited, filed at the Grand Court of the Cayman Islands.

In the Matter of InterEnergy Holdings

Stop Notice regarding charge by BW Group Limited over shares of InterEnergy Holdings held by IEH Investments at the Grand Court of the Cayman Islands.

Stanford International Bank: A breakdown of where accounts are located

Account holders in several major offshore financial centers, including the Bahamas, Bermuda, British Virgin Islands and Cayman Islands, had substantial deposits at alleged fraudster Allen Stanford's Antigua licensed Stanford International Bank Ltd., a document obtained by OffshoreAlert shows.