Axiom Legal Financing Fund
After OffshoreAlert exposed Axiom Legal Financing Fund in August 2012, the litigation funding-based investment scam quickly collapsed and 12 British attorneys were later struck off, including the scheme's principal, Timothy Schools, who misappropriated most of the approximately £100 million that was raised from investors. In 2020, Schools, David Kennedy, and Richard Emmett were criminally charged with fraud by the United Kingdom's Serious Fraud Office. The year before, another Axiom principal, David Rae, pleaded guilty to money laundering in the U.S. regarding an unrelated scheme that he participated in after Axiom went bust. A special shout out to David McIntosh QC, a former president of the Law Society of England and Wales who represented Schools in a libel complaint against OffshoreAlert's editor, threatened to sue a London hotel if we mentioned his client's scam at a conference we were holding there, and - without a hint of irony - questioned OffshoreAlert’s “integrity”, all on behalf of a person that even cursory due diligence would have shown to be a crook. It's also worth mentioning that London’s Metropolitan Police issued OffshoreAlert's publisher with an ‘harassment warning’ and threatened him with arrest after Schools' adult daughter, Lisa Schools, who was “Senior Administrator/Office Manager" of two firms that participated in the fraud, including one that received more than £50 million, made false allegations against him. Given that Timothy Schools is a former policeman, it was difficult not to believe that the notoriously corrupt Met was simply doing him a favor.
Timeline
27
December
2013
Axiom Legal Financing Fund | Banks & Trusts | Barbados | Bermuda | Canada | Cayman Islands | Channel Islands | Civil | Complaint | Documents | Fraud | Germany | Guernsey | Investment | Liquidations & Insolvencies | Litigation | Netherlands | United Kingdom | United States District Court for the Southern District of New York | USA
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.
06
January
2014
Articles | Axiom Legal Financing Fund | Banks & Trusts | Barbados | Bermuda | Canada | Cayman Islands | Channel Islands | Featured | Fraud | Germany | Guernsey | Investment | Liquidations & Insolvencies | Litigation | Netherlands | United Kingdom | USA
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.
28
January
2014
Articles | Asset Recovery | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Isle of Man | Liquidations & Insolvencies | Litigation | Marshall Islands | Switzerland | United Kingdom
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.
10
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
05
June
2014
Australia | Axiom Legal Financing Fund | Cayman Islands | Civil | Complaint | Documents | Fraud | Hong Kong | Investment | Isle of Man | Liquidations & Insolvencies | Litigation | Singapore | United Kingdom | United States District Court for the Southern District of Florida | USA
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.
24
June
2014
Axiom Legal Financing Fund | Documents | Investment | Liquidations & Insolvencies | Miscellaneous | United Kingdom
Taylor Moor Limited: Liquidator’s Progress Report
Taylor Moor Limited - Liquidator's Progress Report - Companies House for England and Wales - June 24, 2014
27
June
2014
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Gibraltar | Investment | Isle of Man | Legal | Liquidations & Insolvencies | Regulatory | Solicitors Disciplinary Tribunal | United Kingdom
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.
06
July
2014
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Gibraltar | Investment | Isle of Man | Legal | Liquidations & Insolvencies | United Kingdom
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.
31
August
2014
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Legal | Liquidations & Insolvencies | United Kingdom
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.
25
September
2014
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Liquidations & Insolvencies | Marshall Islands | Money Laundering | Switzerland | United Kingdom | USA
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.
13
October
2014
Articles | Australia | Axiom Legal Financing Fund | Featured | Fraud | Investment | Legal | Liquidations & Insolvencies | Litigation | Singapore | United Kingdom | USA
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.
04
November
2014
Australia | Axiom Legal Financing Fund | Cayman Islands | Civil | Documents | Fraud | Investment | Legal | Liquidations & Insolvencies | Litigation | Miscellaneous | Singapore | United Kingdom | United States District Court for the Southern District of New York
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.
24
November
2014
Axiom Legal Financing Fund | Cayman Islands | Civil | Documents | Fraud | Investment | Legal | Liquidations & Insolvencies | Litigation | Order | Singapore | United Kingdom | United States District Court for the Southern District of New York | USA
DMS Management (USA) Inc. v. Steven J. Goodman: Dismissal Order
Order of Dismissal following settlement in DMS Management (USA) Inc. v. Steven J. Goodman at the U. S. District Court for the Southern District of New York.
29
January
2015
Axiom Legal Financing Fund | Cayman Islands | Civil | Documents | Fraud | Grand Court of the Cayman Islands | Investment | Legal | Liquidations & Insolvencies | Litigation | Order | United Kingdom
Novus International Investments Ltd. v. Tangerine Investment Management Ltd.: Litigation Funding Order
Order authorizing investigations into the availability of litigation funding in Novus International Investments Limited v. Tangerine Investment Management Limited at the Grand Court of the Cayman Islands.
14
February
2015
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Liquidations & Insolvencies | Litigation | Seychelles | United Kingdom
DMS Offshore & officer Dawn Cummings face prospect of lawsuit over Axiom Legal Financing Fund fraud
The liquidator of the investment manager of Axiom Legal Financing Fund is preparing to sue Cayman-based hedge fund firm DMS Offshore Investment Services, one of its officers, Dawn Cummings, and the architect of the scam, Tim Schools. Ironically, Tangerine Investment Management's liquidator wants a litigation funding firm to finance it.
25
February
2015
Axiom Legal Financing Fund | Cayman Islands | Civil | Documents | Fraud | Grand Court of the Cayman Islands | Investment | Liquidations & Insolvencies | Litigation | Marshall Islands | Order | United Kingdom
JP SPC 1 and JP SPC 4: Order Approving Litigation Settlement
Order Approving Settlement with Timothy Schools, Dale Stephenson, Noble Finance Limited, Sadira Limited, Loret Investments Limited, Claire Schools, Solis International Foundation, Sophie Schools, Kellie Schools, Lisa Schools, Sara Stephenson, Kompali AG, Sarin International Foundation, Midus Assets LLC and Monty Holdings Limited In the Matter of JP SPC 1 and JP SPC 4, doing business as Axiom Legal Financing Fund, at the Grand Court of the Cayman Islands.
06
March
2015
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Legal | Liquidations & Insolvencies | Litigation | Miscellaneous | United Kingdom
Axiom Legal Financing Fund v. Timothy Schools: Settlement Announcement
Axiom Legal Financing Fund v. Timothy Schools - Settlement Announcement by Receivers Grant Thornton - March 6, 2015
06
March
2015
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Isle of Man | Legal | Liquidations & Insolvencies | Litigation | Marshall Islands | United Kingdom
British swindler Tim Schools settles £108 m Axiom Legal Financing Fund fraud complaint
British fraudster Timothy Schools has settled a fraud complaint that was filed at the High Court in London by the Receivers of Cayman Islands-domiciled Axiom Legal Financing Fund on behalf of investors who were swindled out of £108 million.
20
May
2015
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Liquidations & Insolvencies | Miscellaneous | United Kingdom
Axiom Legal Financing Fund: Offer to Purchase Shares
Offer by Robert Merriman to Purchase Shares in Axiom Legal Financing Fund.
20
May
2015
Axiom Legal Financing Fund | Cayman Islands | Civil | Documents | Fraud | Grand Court of the Cayman Islands | Investment | Liquidations & Insolvencies | Litigation | Order | United Kingdom
Tangerine Investment Management Ltd.: Assignment Order
Order authorizing the liquidators of Tangerine Management Limited (in Official Liquidation) to assign various causes of action against Timothy Schools, Dawn Cummings and DMS Offshore Investment Services Limited to Steven Jeremy Goodman at the Grand Court of the Cayman Islands.
22
December
2015
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Legal | Solicitors Disciplinary Tribunal | United Kingdom
Axiom Fraud: Solicitors Regulation Authority v. Richard Barnett et al: Judgment
Judgment in Solicitors Regulation Authority v. Richard Anthony Barnett and Anthony Augustine Swift at the Solicitors Disciplinary Tribunal.
31
March
2016
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Hong Kong | Investment | Legal | Solicitors Disciplinary Tribunal | United Kingdom
Axiom Fraud: Solicitors Regulation Authority v. David Fenton Wingate et al: Judgment
Judgment in Solicitors Regulation Authority v. David Fenton Wingate and Steven Edward Evans by the Solicitors Disciplinary Tribunal.
07
July
2016
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Isle of Man | Legal | Liquidations & Insolvencies | Regulatory | Solicitors Disciplinary Tribunal | United Kingdom
Axiom Fraud: Solicitors Regulation Authority v. Duncan Gibbins et al: Judgment
Judgment in Solicitors Regulation Authority v. Duncan Neil Gibbins, Matthew Roy Edmund Dean, and Nicola Klimkowski at the Solicitors Disciplinary Tribunal.
20
July
2016
Axiom Legal Financing Fund | British Virgin Islands | Cayman Islands | Documents | Fraud | Investment | Isle of Man | Legal | Marshall Islands | Regulatory | Solicitors Disciplinary Tribunal | United Kingdom
Axiom Fraud: Solicitors Regulation Authority v. Christopher Hale: Judgment
Judgment in Solicitors Regulation Authority v. Christopher Hale at the Solicitors Disciplinary Tribunal.
08
August
2016
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Isle of Man | Legal | Liquidations & Insolvencies | United Kingdom
Sixth British solicitor struck off over Axiom Legal Financing Fund fraud
Christopher Hale has become the sixth British solicitor to be struck off due to involvement in the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert.
13
September
2016
Axiom Legal Financing Fund | Cayman Islands | Documents | Israel | Legal | Regulatory | Solicitors Disciplinary Tribunal | United Kingdom
Solicitors Regulation Authority v. Mark Lorrell: Judgment
Judgment in Solicitors Regulation Authority v. Mark Lorrell at the Solicitors Disciplinary Tribunal.
27
September
2016
British attorney Mark Lorrell suspended for misconduct
A British attorney - Mark Lorrell - has been suspended for misconduct while representing clients who, inter alia, were previously involved in a failed take-over of the fraudulently-operated Cayman Islands-domiciled Axiom Legal Financing Fund.
03
October
2016
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Insurance | Liechtenstein | Listed Securities | United Kingdom
Offshore insurer Gable Insurance ordered to stop writing new business
Liechtenstein insurer Gable Insurance, whose Cayman Islands parent is listed on the London Stock Exchange's AIM and which has provided apparently sham insurance for at least three investment schemes that swindled investors out of more than £200 million, has been ordered to stop writing new business by its local regulator.
13
October
2016
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Insurance | Liechtenstein | Liquidations & Insolvencies | United Kingdom
Gable Insurance forced into administration in Liechtenstein
Cayman Islands-owned Gable Insurance AG, which provided apparently sham insurance for at least three fraudulent offshore investment schemes, has been taken over by its local regulator in Liechtenstein.
01
November
2016
Articles | Axiom Legal Financing Fund | Cayman Islands | Fraud | Investment | Legal | United Kingdom
Seventh British attorney struck off over Axiom Legal Financing Fund fraud
Paul Stott has become the seventh British solicitor to be struck off due to involvement in the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert.
17
January
2017
Serial fraudster Tim Schools back in business as a ‘crisis coach’
Serial fraudster Timothy Schools, who swindled hundreds of investors out of more than £100 million via his Cayman Islands domiciled Axiom Legal Financing Fund, is back in business … as a "crisis coach" At his newly created www.thecrisiscoach.co.uk,
24
March
2017
Austria | Axiom Legal Financing Fund | British Virgin Islands | Cayman Islands | Documents | Fraud | Investment | Israel | Legal | Liquidations & Insolvencies | Marshall Islands | Misappropriation | Money Laundering | Regulatory | Switzerland | Theft | United Kingdom
Solicitors Regulation Authority v. Alan Hutson et al: Judgment
Judgment in Solicitors Regulation Authority v. Alan George Hutson and Rachel Mary Hutson at the Solicitors Disciplinary Tribunal.
10
October
2017
Axiom Legal Financing Fund | British Virgin Islands | Documents | Legal | Litigation | United Kingdom
Solicitors Regulation Authority v. Richard Kaufman et al: Judgment
Judgment in Solicitors Regulation Authority v. Richard Kaufman, Avram Kelman, and Philip Turner at the Solicitors Disciplinary Tribunal.
09
January
2018
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Isle of Man | Legal | Liquidations & Insolvencies | Regulatory | Solicitors Disciplinary Tribunal | United Kingdom
Solicitors Regulation Authority v. Andrew Lindsay et al: Judgment
Judgment in Solicitors Regulation Authority v. Andrew Lindsay and Marina Frankel at the Solicitors Disciplinary Tribunal.
01
February
2018
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Legal | Liquidations & Insolvencies | United Kingdom
Eighth British attorney struck off over Axiom Legal Financing Fund fraud
Andrew Lindsay has become at least the eighth British attorney to be struck off due to involvement in the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert. Another solicitor, Marina Frankel, was suspended indefinitely.
30
July
2018
Axiom Legal Financing Fund | Cayman Islands | Civil | Complaint | Documents | Fraud | High Court for England and Wales | Investment | Isle of Man | Legal | Liquidations & Insolvencies | Litigation | United Kingdom
Axiom Legal Financing Fund v. Mayer Brown International LLP: Claim Form
Claim Form in JP SPC 1 and JP SPC 4, on behalf of Axiom Legal Financing Fund, of the Cayman Islands, v. Mayer Brown International LLP at the High Court of Justice for England and Wales.
07
September
2018
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Isle of Man | Legal | Liquidations & Insolvencies | Litigation Funding | Solicitors Disciplinary Tribunal | United Kingdom
Solicitors Regulation Authority v. Richard Emmett et al: Judgment
Judgment in Solicitors Regulation Authority v. Richard Emmett, Lindsay Emmett, Matthew Stokes, Mary Hunter, David Rae, and Dale Stephenson at the Solicitors Disciplinary Tribunal.
19
September
2018
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Investment | Isle of Man | Liquidations & Insolvencies | United Kingdom
Four more British attorneys struck off over Axiom Legal Financing Fund scam
Four more solicitors have been struck off in the United Kingdom due to involvement with the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert.
29
October
2018
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Isle of Man | Legal | Liquidations & Insolvencies | Litigation Funding | Solicitors Disciplinary Tribunal | United Kingdom
Solicitors Regulation Authority v. Richard Emmett et al: Amended Judgment
Amended Judgment in Solicitors Regulation Authority v. Richard Emmett, Lindsay Emmett, Matthew Stokes, Mary Hunter, David Rae, and Dale Stephenson at the Solicitors Disciplinary Tribunal.
12
November
2018
Axiom Legal Financing Fund | Cayman Islands | Civil | Complaint | Documents | Fraud | High Court for England and Wales | Investment | Isle of Man | Legal | Liquidations & Insolvencies | United Kingdom
Axiom Legal Financing Fund v. Mayer Brown International LLP: Particulars of Claim
Particulars of Claim in JP SPC 1 and JP SPC 4, on behalf of Axiom Legal Financing Fund, of the Cayman Islands, v. Mayer Brown International LLP at the High Court of Justice for England and Wales.
07
February
2019
Axiom Legal Financing Fund | Cayman Islands | Civil | Documents | Fraud | High Court for England and Wales | Investment | Legal | Liquidations & Insolvencies | Litigation | Miscellaneous | United Kingdom
Axiom Legal Financing Fund v. Mayer Brown International LLP: Defense
Defense in JP SPC 1 and JP SPC 4, on behalf of Axiom Legal Financing Fund, of the Cayman Islands, v. Mayer Brown International LLP at the High Court of Justice for England and Wales.
02
April
2019
Axiom Legal Financing Fund | Cayman Islands | Civil | Documents | Fraud | High Court for England and Wales | Investment | Legal | Liquidations & Insolvencies | Litigation | Miscellaneous | United Kingdom
Axiom Legal Financing Fund v. Mayer Brown International LLP: Plaintiffs’ Reply
Plaintiffs' Reply in JP SPC 1 and JP SPC 4, on behalf of Axiom Legal Financing Fund, of the Cayman Islands, v. Mayer Brown International LLP at the High Court of Justice for England and Wales.
22
April
2019
Articles | Axiom Legal Financing Fund | Cayman Islands | Featured | Fraud | Hong Kong | Money Laundering | Philippines | United Kingdom | USA
Axiom Legal Financing Fund fraudster David Rae arrested in US for ‘money laundering’
U.K. national David Rae, who in 2012 was exposed by OffshoreAlert as one of the main perpetrators of a £100 million investment fraud by Cayman Islands-domiciled Axiom Legal Financing Fund, is in custody in New Jersey after being indicted for money laundering twice in two days in separate US jurisdictions regarding alleged healthcare fraud schemes.
15
May
2019
Axiom Legal Financing Fund | Banks & Trusts | Cayman Islands | Civil | Documents | Fraud | Investment | Isle of Man | Isle of Man High Court | Legal | Liquidations & Insolvencies | Litigation | Order
Axiom Legal Financing Fund v. Royal Bank of Scotland International Ltd.: TAL Judgment
Judgment in JP SPC 1 and JP SPC 4, on behalf of the Axiom Legal Financing Fund, of the Cayman Islands v. Royal Bank of Scotland International Limited regarding a Temporary Adocate's Licence for Stephen Auld QC, at the Isle of Man High Court.
02
July
2019
Axiom Legal Financing Fund | Cayman Islands | Civil | Corporate Services | Documents | Grand Court of the Cayman Islands | Investment | Judgment | Liquidations & Insolvencies | Litigation
Steven Goodman v. DMS Governance Ltd. et al: Judgment
Judgment in Steven Goodman v. Dawn Cummings and DMS Governance Limited, both of the Cayman Islands, at the Grand Court of the Cayman Islands.
06
September
2019
Articles | Axiom Legal Financing Fund | Cayman Islands | Legal | Misappropriation | Theft | United Kingdom
British lawyer George Lonsdale struck off for dishonesty
Yet another British lawyer - George Lonsdale - who was involved with the fraudulent Cayman Islands-domiciled Axiom Legal Financing Fund has been struck off for dishonesty, this time for stealing from an elderly client in an unrelated incident.
15
October
2019
Axiom Legal Financing Fund | Banks & Trusts | Cayman Islands | Civil | Documents | Fraud | Investment | Isle of Man | Isle of Man High Court | Litigation | Order | United Kingdom
Axiom Legal Financing Fund v. Royal Bank of Scotland International Ltd.: Judgment on Summary Judgment Application
Judgment dismissing defendant's applications for summary judgment and strike out of Amended Particulars of Claim regarding a fraud committed by Cayman Islands-domiciled Axiom Legal Financing Fund in JP SPC 1 and JP SPC 4, both of the Cayman Islands, on behalf of Axiom Legal Financing Fund v. Royal Bank of Scotland International Limited at the High Court of Justice of the Isle of Man.
27
December
2019
Articles | Axiom Legal Financing Fund | Bribery & Corruption | Featured | Fraud | Hong Kong | Insurance | Money Laundering | New Zealand | United Kingdom | USA
Briton David Rae pleads guilty to money laundering in US
U.K. national David Rae, who was exposed by OffshoreAlert in 2012 for his role in a £100 million investment fraud by Cayman Islands-domiciled Axiom Legal Financing Fund, has pleaded guilty to money laundering in New Jersey regarding unrelated health care fraud schemes.
15
January
2020
Axiom Legal Financing Fund | Cayman Islands | Documents | Fraud | Investment | Isle of Man | Liechtenstein | Liquidations & Insolvencies | Miscellaneous | United Kingdom
Axiom Legal Financing Fund: Receivers’ Seventh Report
Seventh Report of the Receivers of Axiom Legal Financing Fund, of the Cayman Islands.
25
February
2020
Transcript shows British money launderer David Rae lied to obtain lenient sentence
A transcript of Briton David Rae's recent sentencing hearing for money laundering at federal court in New Jersey indicates that he lied to obtain leniency, that his lies went unchallenged by prosecutors, and the judge accepted them as fact.