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Income Collecting 1-3 Months T-Bills Mutual Fund: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Russell Homer and Karen Scott, as the Joint Voluntary Liquidators of Income Collecting 1-3 Months T-Bills Mutual Fund, of the Cayman Islands, filed at the U. S. Bankruptcy Court for the Southern District of New York.

Cayman fund accused of ‘$106M fraud’ by US SEC

Cayman Islands-domiciled Income Collecting 1-3 Months T-Bills Mutual Fund, whose directors reside in the Bahamas and British Virgin Islands, and its Israeli principal, Ofer Abarbanel, have been accused by the U.S. SEC of swindling investors who have been unable to redeem $106 million.