Damages totaling $1.04 million have been awarded against two Bahamas companies for their involvement in a U. S./Cayman Islands-based Ponzi scheme known as Cash 4 Titles. The award against Leadenhall Bank & Trust Limited (in liquidation) and now-defunct Axxess International Limited, which combined to provide accounts and credit cards for victims, was entered jointly and severally at the U. S. District Court for the Southern District of Florida on February 12, 2007.
Articles Bahamas Banks & Trusts Featured Fraud Investment USAFebruary 28, 2007
Damages of $1 m awarded against Leadenhall Bank & Axxess International
16 years ago
TopicsBahamas Banks & Trusts Fraud Investment USA
KeywordsAxxess International Cash 4 Titles Leadenhall Bank & Trust