Bernard Madoff

Bernard Madoff's Bankruptcy Trustee has sued three British Virgin Islands domiciled hedge funds and two offshore banks in Bermuda and Gibraltar in an attempt to recover $405 million that he claims they collectively redeemed from the Ponzi scheme shortly before

Complaint in Irving Picard, as Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC v. Kingate Global Fund Ltd., of the British Virgin Islands; Kingate Euro Fund Ltd., of the British Virgin Islands, and Bank of Bermuda Ltd., of Bermuda, at the U. S. Bankruptcy Court for the Southern District of New York.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Stephen Akers, Mark Byers, and Andrew Hosking, as the Foreign Representatives of Madoff Securities International Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.

A Massachusetts regulator is seeking the return of hundreds of millions of dollars of fees that it claims a Bermuda based investment adviser, a New York affiliate and their principals received from managing the biggest feeder funds for Bernard Madoff's

A Bernard Madoff related class action lawsuit has been filed in the United States against an offshore hedge fund and bank in the Cayman Islands and other parties. The complaint was filed at the U. S. District Court for the

A class action lawsuit has been filed against several offshore entities and individuals on behalf of investors in four hedge funds who allegedly lost over $3 billion in the Bernard Madoff fraud. Among the offshore defendants are Bank of Bermuda

Minister of Finance Paula Cox announced that "Bermuda is engaged in negotiating a further 10 Tax Information Exchange Agreements with OECD states and two with EU states". She also pointed out that Bermuda's TIEA with the United States was signed

A class action complaint has been brought in New York against the Bermuda based Argus insurance group on behalf of holders of offshore life insurance policies whose premiums were invested with alleged fraudster Bernard Madoff and may now be lost.Details

New York University is suing a hedge fund, its auditor, its registrar and a bank - all based in the Cayman Islands - in an attempt to recover damages of at least $24 million that it claims to have lost

Dozens of offshore hedge funds, asset managers, IBCs and their representatives, including those in the Bahamas, Bermuda, the British Virgin Islands and the Cayman Islands, are among customers of accused fraudster Bernard Madoff, according to a client list released yesterday.The

List of Customers, Vendors and Employees of Bernard L. Madoff Investment Securities LLC in Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities LLC at the U. S. Bankruptcy Court for the Southern District of New York.

Offshore companies in Bermuda and the Cayman Islands and two residents of Bermuda are defendants in action lawsuits brought on behalf of investors in hedge funds domiciled in the British Virgin Islands and Delaware who may have lost up to

The global financial crisis has caused a slowdown in new registrations and an increase in terminations in the world's leading domicile for hedge funds - the Cayman Islands - and the Bernard Madoff scandal may make matters worse. However, the