David Rae

Briton David Rae sentenced for money laundering in US

Despite a recommended imprisonment range of 57 to 71 months under a plea agreement, British national David Rae was sentenced at federal court in New Jersey on Friday to "time served" and deported back to the United Kingdom for money laundering.

USA v. David Rae: Sentencing Minutes

Minutes of Sentencing for money laundering in USA v. David Rae, a citizen of the United Kingdom, at the U. S. District Court for the District of New Jersey.

USA v. David Rae: Sentencing Hearing Transcript

Transcript of the Sentencing Hearing for money laundering in USA v. David Rae, a citizen of the United Kingdom, at the U. S. District Court for the District of New Jersey.

USA v. David Rae: Plea Agreement

Change of Plea Minutes and Plea Agreement for money laundering regarding a health care fraud scheme in USA v. David Rae, a citizen of the United Kingdom, at the U. S. District Court for the District of New Jersey.

USA v. David Rae: Forfeiture Judgment

Consent Judgment of Forfeiture and Preliminary Order of Forfeiture regarding, but not limited to, funds at ANZ Bank, in New Zealand, in the name of Sympatic Global Solutions LP and at Hong Kong & Shanghai Bank, in Hong Kong, in the name of Cargill Consulting Ltd. in USA v. David Rae, a citizen of the United Kingdom, at the U. S. District Court for the District of New Jersey.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Alan Hutson et al

Defense of Alan Hutson, Rachel Hutson, Hut Consulting Limited, and First for Law Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Claire Schools Freezing Order

Worldwide Freezing Order against Claire Schools and Solis International Foundation in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Amended Complaint

Amended Particulars of Claim in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Kennedy

Defense of David Kennedy in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Rae

Defense of David Rae in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Rachel Hutson

Defense of Rachel Hutson in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Timothy Schools et al

Defense of Timothy Schools, Dale Stephenson,Synergy IOM Limited,Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, Loret Investments Limited in JP SPC 4 and JP SPC 1, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Synaxus Holdings

Defense of Synaxus Holdings Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund et al v. Timothy Schools et al: Re-Amdended Claim Form

Re-Amended Claim Form in JP SPC 1 and JP SPC 4, collectively doing business as Axiom Legal Financing Fund v. Timothy Schools, Rachel Hutson, David Rae, Alec Linsley, Dale Stephenson, Synergy IOM Limited, Check Mate Audits Limited, Synaxus Holdings Limited, Noble Finance Ltd., Sadira Limited, Loret Investments Limited, David Kennedy, Alan Hutson, Hut Consulting Limited, and First For Law Limited at the High Court in London.

Auditor resigns from Axiom Legal Financing Fund’s biggest borrower

The auditor of a British law firm that owes Axiom Legal Financing Fund approximately £50 million has resigned, citing problems obtaining sufficient information to perform its task. OffshoreAlert has uncovered evidence calling into question the auditor's independence.

Three-way battle for control of Axiom Legal Financing Fund

A three-way battle has emerged for control of Axiom Legal Financing Fund, which was exposed as a fraud by OffshoreAlert two months ago. Proposals for receivership, liquidation, and restructuring are scheduled to be heard over two days at the Grand Court of the Cayman Islands starting on January 31, 2013.

A message to investors of Axiom Legal Financing Fund

The bad news is you have been defrauded of your investment in Axiom Legal Financing Fund. The sooner you accept this, the quicker you can start taking steps to recover some of your losses. The good news is that the

Axiom Legal Financing Fund appears to be a Ponzi scheme

New evidence uncovered by OffshoreAlert indicates that the recently-suspended Axiom Legal Financing Fund is hopelessly insolvent as a result of self-dealing and fraud by insiders. The Cayman Islands-domiciled Fund, which has raised more than £117 million, appears to be a Ponzi scheme.
Timothy Schools

More red flags regarding fast-growing Axiom Legal Financing Fund

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.
Timothy Schools

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

The head of a Cayman Islands fund group that claims to manage $160 million, promotes its investments as "low risk" and boasts of "consistent" 12% net annual returns for investors is being prosecuted for alleged professional misconduct in the United Kingdom. British attorney Tim Schools faces 11 allegations, including that he "failed to act with integrity" and "failed to act in the best interests of his clients".