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Articles British Virgin Islands Cayman Islands Featured Fraud Investment Kuwait Liquidations & Insolvencies Misappropriation USAOctober 8, 2021

Cayman firm liquidators investigating Kuwaiti’s alleged fraud against brothers apply for Chapter 15 in US

kuwait-city
Kuwait City
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2 weeks ago

Topics

British Virgin Islands Cayman Islands Fraud Investment Kuwait
Liquidations & Insolvencies Misappropriation USA
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Keywords

Ahmad Fawzi Al Saleh Bank of America Citibank Credit Suisse Dawud Musaed Al Saleh
Fawzi Musaed Al Saleh Foad Musaed Al Saleh Hamad Musaed Al Saleh John Snow KPMG Loeb Block & Partners Mohamad Musaed Al Saleh Morgan Stanley Nuri Musaed Al Saleh Quabbin Capital Royal Bank of Canada Shields & Company Société Générale Steve Leese Universal Enterprises Wilmer Cutler Pickering Hale and Dorr Yasmine Al Saleh
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Related Content

Liquidators in the Cayman Islands and United Arab Emirates who are investigating the alleged misappropriation of at least $43 million from a Cayman investment vehicle for six Kuwaiti brothers have filed for Chapter 15 bankruptcy recognition in the United States.
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    David Marchant

    David Marchant is the founder, owner, and editor of OffshoreAlert. He is a career journalist who has lived and worked in Wales, England, Bermuda, and the USA. Since launching OffshoreAlert in 1997, he has exposed more than 175 investment fraud and money laundering schemes and helped law enforcement, regulators, and asset recovery specialists imprison, discipline, and seize the assets of those responsible. Fraudsters have sued for defamation in Canada, Cayman Islands, England, Grenada, Panama, and the United States, with several plaintiffs subsequently going to prison, including one for 17 years. He has appeared in TV shows and movie documentaries, including The Daily Show with Jon Stewart, American Greed, We're Not Broke, and The Price We Pay, and been quoted or referenced in countless news articles, books, and reports.

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