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    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

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    By
    12 years ago

    Topics

    Bermuda British Virgin Islands Cayman Islands Fraud Investment
    St. Kitts & Nevis USA
    [ 2 more... ] [ top 5 ]

    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
    [ 1 more... ] [ top 5 ]

    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

    Related Content

    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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