Application to Approve Liquidation Fees, including copy of 'Preliminary Forensic Report of the Joint Voluntary Liquidators', In the Matter of Montaque Capital Partners Ltd. (in Voluntary Liquidation) at the Bahamas Supreme Court.
The British Columbia Securities Commission has issued cease trade orders against Bermuda-based brothers Brian and Scott Lines and, in a separate matter, Bahamas-based Gibraltar Global Securities Inc.
Initial claims by customers of Bahamas-based Montaque Capital Partners Ltd. exceed known assets by US$10.4 million, say the firm's liquidators. The gap could widen substantially, though, since the eventual value of customer claims will be "significantly more".
Second Affidavit of Edmund Rahming In the Matter of Montaque Capital Partners Ltd. (in Voluntary Liquidation) at Bahamas Supreme Court.
‘Standard Practice’ for Montaque Group to register nominees as ‘beneficial owners’ of IBCs, says Owen Bethel
Bahamas-based financial services provider Owen Bethel said it is "standard practice" for his Montaque Group to register nominees as the "beneficial owners" of IBCs that are ultimately owned by foreign clients when opening accounts with foreign stock brokers.
Letter to the Editor of OffshoreAlert from Owen Bethel regarding allegations against him that were contained in a Settlement Agreement between the Investment Industry Regulatory Organization of Canada (IIROC) and Douglas Ralph Garrod.
Bahamas-based financial services providers Owen Bethel and Edison Sumner lied to a Canadian securities broker regarding the beneficial ownership of accounts that were subsequently used to commit a $25 million fraud, according to a Canadian regulator.