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Creditors of fraudulent Cayman Islands stock broker to receive just one cent on the dollar

Articles Asset Recovery Brazil Cayman Islands Featured Fraud Investment Liquidations & Insolvencies Uruguay USAMarch 22, 2012

Creditors of fraudulent Cayman Islands stock broker to receive just one cent on the dollar

By David Marchant

12 years ago

Topics

Asset Recovery Brazil Cayman Islands Fraud Investment

Liquidations & Insolvencies USA Uruguay

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Keywords

David Atherton John Kaweske, Jr. Karla Lambertus Kenneth Krys KRyS Global

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Highlights

Creditors will receive just US$112,000
Virtually all of the US$4 million of assets realized have been paid in fees and expenses to liquidators and their attorneys

Fifty-two creditors who are owed US$9.8 million by a Cayman Islands-based financial services group known as ‘SEGOES’ that was fraudulently-operated by U. S. national John Kaweske will receive a liquidation dividend of just one per cent.