• Home
    • Articles
    • More red flags regarding fast-growing Axiom Legal Financing Fund
    Articles Australia Axiom Legal Financing Fund Cayman Islands Featured Investment Isle of Man Legal Singapore United KingdomOctober 10, 2012

    More red flags regarding fast-growing Axiom Legal Financing Fund

    Timothy Schools
    Timothy Schools
    mm
    By
    12 years ago

    Topics

    Australia Cayman Islands Investment Isle of Man Legal
    Singapore United Kingdom
    [ 2 more... ] [ top 5 ]

    Keywords

    Ashton Fox Solicitors Limited Astoncote Ltd. ATM Solicitors Limited Axiom Legal Financing Fund Baz Raouf Karim
    BDO Carlton Consulting Ltd. Carrick Carr & Wright Check Mate Audits Claire Schools Clive A. Ward David Kennedy David Rae Dr. Jason Corbett Emmetts Solicitors Frion Ltd. Graham Hampson Ingrams Solicitors John Stephenson JP Fund Administration (Cayman) Ltd. KAR Oil Refining Limited Kevan Schools Lindsay Emmett LLPP Insure Ltd. Mark Britain Martin Brian Tobias-Gibbins Mary Campion Louise Hunter Matthew Stokes Mountivation Ltd. Norton Accord Ltd. Paul Stott Paul Ubsdell Professor Gordon Walker Richard Emmett Ronan Guilfoyle Synergy (IOM) Ltd. Tanya Kalugina Taylor Moor International Timothy Schools Turnstone (Europe) Limited
    [ 35 more... ] [ top 5 ]

    Highlights

    • First audit shows all loans went to law firms affiliated with Fund principal Tim Schools
    • One debt-ridden, Schools-owned law firm received £7.9 m
    • £5.2 m went to law firm whose current owner has a shocking disciplinary record
    • Insurance provided by unregulated, unaudited firm accused of $10 m fraud
    • Flowchart shows how Schools profits from a maze of related-party transactions

    Related Content

    As investors continue to pour millions of pounds each month into Cayman Islands-domiciled Axiom Legal Financing Fund, OffshoreAlert has uncovered more red flags, including conflicting financial statements, £7.9 million loaned to a debt-ridden law firm owned by Axiom’s principal, and insurance provided by an unregulated, unaudited firm that is currently defending a fraud lawsuit brought by one of its clients.

    • Related Content

    Timothy Schools

    Head of Cayman fund group Tim Schools accused of professional misconduct in UK

    August 22, 2012