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Investment funds in BVI and Nevis added as defendants to securities fraud complaint

Articles Bermuda British Virgin Islands Cayman Islands Featured Fraud Investment St. Kitts & Nevis USAJune 5, 2012

Investment funds in BVI and Nevis added as defendants to securities fraud complaint

By David Marchant

11 years ago

Topics

Bermuda British Virgin Islands Cayman Islands Fraud Investment

St. Kitts & Nevis USA

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Keywords

Brian Raymond Callahan Diversified Global Investments (BVI), LP Fiduciary Select Income Fund, LP Horizon Millennium Investments, LP Pangea Offshore High Yield Portfolio, LLC

The Masters Global Fund LP

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Highlights

Brian Callahan raised over $90 million from at least 45 investors for five offshore funds, says SEC
Some investor funds went into accounts in the BVI and Bermuda, according to complaint
Callahan accused of commingling and diverting some funds

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SEC v. Brian Raymond Callahan et al: Amended Complaint

Four investment funds domiciled in the British Virgin Islands and one in Nevis have been added as defendants to a securities fraud complaint filed by the U. S. Securities and Exchange Commission regarding an alleged scheme that raised over $90 million from at least 45 investors, with some of the funds being sent to the BVI and Bermuda.

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SEC v. Brian Raymond Callahan et al: Amended Complaint