Axiom Legal Financing Fund
November
2014
DMS Management (USA) Inc. v. Steven J. Goodman: Pre-Motion Conference for Motion to Dismiss & Motion for Sanctions
Steven Goodman’s Pre-Motion Conference for Motion to Dismiss and Motion for Sanctions in DMS Management (USA) Inc. v. Steven J. Goodman at the U. S. District Court for the Southern District of New York.
October
2014
Briton Steven Goodman ‘evades service’ of lawsuit connected to Axiom Legal Financing Fund
British attorney and Singapore resident Steven Goodman has been accused of “actively evading service” of a complaint against him in New York for alleged extortion of the Cayman Islands-based DMS Group regarding the fraudulent Axiom Legal Financing Fund.
September
2014
Portland Financial Management Group directors accused of ‘hampering’ liquidation
Secretive Delaware firm Treadstone Corporate Services LLC and two British nationals – Anthony Smith and Timothy Eddolls – who helped swindle investors in Cayman Islands-domiciled Axiom Legal Financing Fund have been accused of ‘hampering’ the liquidation of three investment firms in England that, like Axiom itself, appear to have been operated fraudulently.
August
2014
Two more attorneys accused of misconduct over Axiom Legal Financing Fund fraud
Two more British attorneys – Richard Barnett and Anthony Swift – who participated in the £100 million-plus fraud committed via Cayman Islands-domiciled Axiom Legal Financing Fund have been accused of professional misconduct, including misappropriating funds received from Axiom.
July
2014
British attorney Tim Schools struck off for ‘serious misconduct’
Timothy Schools, who masterminded the £100 million-plus, Cayman Islands-domiciled Axiom Legal Financing Fund fraud, was struck off as a solicitor in England and Wales on June 27th for professional misconduct.
June
2014
Axiom Fraud: Solicitors Regulation Authority v. Timothy Schools: Judgment
Judgment by the Solicitors Disciplinary Tribunal striking off Timothy Schools as a solicitor in England and Wales in Solicitors Regulation Authority v. Timothy Paul Schools.
June
2014
Taylor Moor Limited: Liquidator’s Progress Report
Taylor Moor Limited – Liquidator’s Progress Report – Companies House for England and Wales – June 24, 2014
June
2014
DMS Management (USA) Inc. v. Steven J. Goodman: Complaint
Complaint in DMS Management (USA) Inc. v. Steven J. Goodman at the U. S. District Court for the Southern District of Florida.
February
2014
Axiom case exposes dysfunctional English court system
British authorities rarely fail to disappoint me by demonstrating how third world their country is whenever I try to obtain information for an investigation into financial wrongdoing. Incompetence, inefficiency, ignorance, unhelpfulness, and painstaking slowness are what I have come to
January
2014
Axiom founder Tim Schools received £81 m of £108 m swindled from investors, claim Receivers
British attorney Timothy Schools and entities he wholly or partly beneficially owned received £81 million of the £108 million that was swindled from investors in Cayman Islands-domiciled Axiom Legal Financing Fund, the Fund’s Receivers have claimed in an amended complaint filed at the High Court in London.
January
2014
Elderly US investors sue offshore firms after losing nearly $7 m in Axiom, Argyle Funds & EEA Life
Bermuda Commercial Bank and investment advisers are being sued in the United States on behalf of elderly trust fund beneficiaries who claim to have lost nearly $7 million in offshore investments, including Argyle Funds SPC and Axiom Legal Financing Fund, both of the Cayman Islands, and EEA Life Settlements Fund, of Guernsey.
December
2013
LVAR, L.P. v. Bermuda Commercial Bank Ltd. et al: Complaint
Complaint in LVAR, L.P. v. Bermuda Commercial Bank Limited, BCB Paragon Trust Limited, formerly BCB Trust Company Limited; Neil de ste Croix, Andrew Peat Finanz Consultants GmbH, a.k.a. Andrew Peat Group Holdings; Andrew Peat, Stanley Chesed, and Profco International, a.k.a. Chesed Financial at the U. S. District Court for the Southern District of New York.
December
2013
Liechtenstein insurer and London broker to be sued by Axiom Receivers
The Receivers of Axiom Legal Financing Fund are to sue Liechtenstein-licensed insurer Gable Insurance AG and London-based broker Legal Expense Solutions Limited as part of their attempt to recover assets for investors who were swindled out of more than £100 million.
December
2013
Axiom Legal Financing Fund: Order Sanctioning Legal Actions
Order Sanctioning Legal Actions In the Matter of Axiom Legal Financing Fund at the Grand Court of the Cayman Islands.
December
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Alan Hutson et al
Defense of Alan Hutson, Rachel Hutson, Hut Consulting Limited, and First for Law Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
November
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Claire Schools Freezing Order
Worldwide Freezing Order against Claire Schools and Solis International Foundation in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
November
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Amended Complaint
Amended Particulars of Claim in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
November
2013
Axiom Legal Financing Fund conspirator Portland Financial goes bust
Portland Financial Management Group, which helped Tim Schools defraud Axiom Legal Financing Fund and launder the proceeds, has collapsed amid regulatory problems and substantial debts. The group’s principals, Anthony Smith, Tim Eddolls and Connie Rodrigues, now operate under new names: Prestige Financial Management, Cavendish Financial Management, Corbus Portfolio Solutions, and Corbus Private Clients.
October
2013
Would-be Axiom Legal Financing Fund savior goes into administration
Dubious British company City Equities Limited, which earlier this year touted itself as the savior of the collapsed Axiom Legal Financing Fund, has itself gone into administration.
October
2013
Axiom Fraud Victims: Watch how some of your money was squandered
September
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Kennedy
Defense of David Kennedy in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
September
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Rae
Defense of David Rae in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
August
2013
Insolvent Axiom borrower transferred £3.2 m to Switzerland as Fund collapsed
New details have emerged of apparent asset-stripping by an insolvent British law firm – Rohrer & Co Limited – that owes Cayman Islands-domiciled Axiom Legal Financing Fund £8.3 million.
August
2013
JP Funds Cayman umbrella fund hit by another major fraud
The Cayman Islands-domiciled umbrella fund of which the fraudulent Axiom Legal Financing Fund was a sub-fund has been involved in at least two other frauds, OffshoreAlert can reveal. In the latest incident, investors in currency fund Capricorn FXG10 were allegedly swindled out of $26.6 million by British Virgin Islands-domiciled Global Tradewaves Ltd.
August
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Rachel Hutson
Defense of Rachel Hutson in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
August
2013
Rohrer & Co.: Statement of Administrator’s Proposals
Statement of Administrator’s Proposals for Rohrer & Co., formerly Bracewell Law, at the High Court of Justice, Chancery Division.
August
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Timothy Schools et al
Defense of Timothy Schools, Dale Stephenson,Synergy IOM Limited,Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, Loret Investments Limited in JP SPC 4 and JP SPC 1, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
August
2013
Cayman judge sanctions Axiom Receivers to take action in Canada, Isle of Man and Switzerland
A Cayman Islands judge has authorized the Receivers of Axiom Legal Financing Fund to take legal action in Canada, the Isle of Man, and Switzerland in an attempt to recover assets for investors, including an application to remove Andrew Andronikou as administrator of British law firm Rohrer & Co.
July
2013
Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Synaxus Holdings
Defense of Synaxus Holdings Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.
July
2013
Axiom Legal Financing Fund: Order Sanctioning Actions
Order sanctioning actions by the Receivers In the Matter of Axiom Legal Financing Fund at the Grand Court of the Cayman Islands.
July
2013
British legal regulator takes over Axiom borrower for ‘suspected dishonesty’
A law firm that borrowed at least £8.9 million from Axiom Legal Financing Fund was taken over and closed down today by Britain’s Solicitors Regulation Authority, which stated that “there is reason to suspect dishonesty”.
July
2013
London High Court freezes assets of Tim Schools over Axiom investment fraud
The assets of British attorney Timothy Schools and related parties have been frozen in England by the receivers of Cayman-domiciled Axiom Legal Financing Fund, who are also suing them for £110 million, alleging misappropriation of investors’ funds.
June
2013
Taylor Moor ‘victim’ of Axiom Legal Financing Fund, says boss
Taylor Moor Ltd., which received commissions of more than £1.8 million from distributing Axiom Legal Financing Fund before going into liquidation last month, did not ultimately benefit from the Fund and is a “victim”, says the firm’s Managing Director, Malcolm Dixon.
June
2013
Axiom Legal Financing Fund: Receivers’ First Report
First Report to investors from Receivers of Axiom Legal Financing Fund, June 27, 2013.
June
2013
Axiom Legal Financing Fund’s British distributor goes into liquidation
British fund distributor Taylor Moor Limited, which helped to raise most of the estimated £117 million that was invested in Cayman Islands-based Ponzi scheme Axiom Legal Financing Fund, has gone into liquidation. Cayman Islands law firm Harneys is the biggest trade creditor.
June
2013
British law firm owes Axiom Legal Financing Fund £61M, says administrator
Insolvent Ashton Fox Solicitors owes failed Cayman Islands-domiciled Axiom Legal Financing Fund “approximately £60.8 m” but that is only an estimate “due to the paucity of the Company’s accounting records”, reported the law firm’s joint administrator on May 15.
May
2013
Axiom Legal Financing Fund et al v. Timothy Schools et al: Re-Amdended Claim Form
Re-Amended Claim Form in JP SPC 1 and JP SPC 4, collectively doing business as Axiom Legal Financing Fund v. Timothy Schools, Rachel Hutson, David Rae, Alec Linsley, Dale Stephenson, Synergy IOM Limited, Check Mate Audits Limited, Synaxus Holdings Limited, Noble Finance Ltd., Sadira Limited, Loret Investments Limited, David Kennedy, Alan Hutson, Hut Consulting Limited, and First For Law Limited at the High Court in London.
May
2013
Axiom Legal Financing Feeder Fund: First Report of Receivers
First Report of Receivers regarding Axiom Legal Financing Feeder Fund.
May
2013
Axiom Legal Financing Master Fund: First Report of Receivers
First Report of Receivers Grant Thornton regarding Axiom Legal Financing Master Fund.
May
2013
Ashton Fox Solicitors Ltd.: Statement of Administrator’s Proposals
Ashton Fox Solicitors Limited – Statement of Administrator’s Proposals – Filed with Companies House – May 15, 2013
April
2013
Axiom Legal Financing Fund: Update on Receivership from Grant Thornton
Update by Grant Thornton on the Receivership of Axiom Legal Financing Fund.
April
2013
Novus International Investments Ltd. v. Tangerine Investment Management Ltd.: Ruling
Ruling in Novus International Investments Limited v. Tangerine Investment Management Limited at the Grand Court of the Cayman Islands.
April
2013
Rehab4Life Ltd.: Report of Meeting of Creditors
Rehab4Life Limited – Report of Meeting of Creditors – Companies House – April 24, 2013
April
2013
Novus International Investments Ltd. v. Tangerine Investment Management Ltd.: Order
Order in Novus International Investments Limited v. Tangerine Investment Management Limited at the Grand Court of the Cayman Islands.
April
2013
Axiom Legal Financing Fund: Ruling on Powers of Receivers
Ruling on the status, duties and powers of the Receivers In the Matter of Axiom Legal Financing Fund at the Grand Court of the Cayman Islands.
April
2013
British attorney Steven Goodman claims he is owed £25 m by now-defunct Tangerine Investment Management
British attorney Steven Goodman, who is associated with insiders of the fraudulently-operated Axiom Legal Financing Fund, claims to be owed £25.7 million by the insolvent Fund’s former investment manager.
April
2013
Novus International Investments Ltd. v. Tangerine Investment Management Ltd.: Winding-Up Order
Winding-Up Order in Novus International Investments Limited v. Tangerine Investment Management Limited at the Grand Court of the Cayman Islands.
March
2013
Cayman judge upgrades powers of Axiom Fund’s Receivers, asks England’s High Court for assistance
The Grand Court of the Cayman Islands has granted the Receivers of Axiom Legal Financing Fund the same powers as liquidators and, separately, asked the High Court of Justice in England and Wales – where much of the Fund’s activity occurred – to recognize the receivership.
March
2013
Axiom Legal Financing Fund Master SP: Letter of Request
Letter of Request In the Matter of JP SPC 4, a.k.a. Axiom Legal Financing Fund Master SP, at the Grand Court of the Cayman Islands.
March
2013
Axiom Legal Financing Fund: Letter of Request
Letter of Request In the Matter of JP SPC 1, a.k.a. Axiom Legal Financing Fund, at the Grand Court of the Cayman Islands.