Particulars of Claim in JP SPC 1 and JP SPC 4, on behalf of Axiom Legal Financing Fund, of the Cayman Islands, v. Mayer Brown International LLP at the High Court of Justice for England and Wales.
Judgment in Solicitors Regulation Authority v. David Fenton Wingate and Steven Edward Evans by the Solicitors Disciplinary Tribunal.
British attorney Timothy Schools and entities he wholly or partly beneficially owned received £81 million of the £108 million that was swindled from investors in Cayman Islands-domiciled Axiom Legal Financing Fund, the Fund's Receivers have claimed in an amended complaint filed at the High Court in London.
The Cayman Islands-domiciled umbrella fund of which the fraudulent Axiom Legal Financing Fund was a sub-fund has been involved in at least two other frauds, OffshoreAlert can reveal. In the latest incident, investors in currency fund Capricorn FXG10 were allegedly swindled out of $26.6 million by British Virgin Islands-domiciled Global Tradewaves Ltd.
British attorney Steven Goodman claims he is owed £25 m by now-defunct Tangerine Investment Management
British attorney Steven Goodman, who is associated with insiders of the fraudulently-operated Axiom Legal Financing Fund, claims to be owed £25.7 million by the insolvent Fund's former investment manager.
A decision on whether to place Axiom Legal Financing Fund into Receivership or allow it to be restructured by a group associated with those responsible for its insolvency and fraudulent activity will not be delivered until next Tuesday at the earliest.
Affidavit of Yolanda Banks McCoy, Head of Investments and Securities at the Cayman Islands Monetary Authority, In the Matter of Axiom Legal Financing Fund at the Grand Court of the Cayman Islands.
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.
Letter to Investors of Axiom Legal Financing Fund from Directors Ronan Guilfoyle and Graham Hampson updating them on legal proceedings at the Grand Court of the Cayman Islands.
Official Minutes of an Extraordinary General Meeting of shareholders of Axiom Legal Financing Fund held in London on December 11, 2012.
A hearing of a petition to appoint KPMG as Receivers for the Axiom Legal Financing Fund is scheduled to take place at the Grand Court of the Cayman Islands on Wednesday.
The directors of Axiom Legal Financing Fund intend to immediately apply to the Grand Court of the Cayman Islands to put the Fund into Receivership, with KPMG serving as Receiver, investors were informed yesterday at an Extraordinary General Meeting in London.
Offshore providers in the Cayman Islands, Isle of Man, and Switzerland face huge liabilities after allowing insiders to loot Axiom Legal Financing Fund of tens of millions of pounds. Those most at risk from being sued by Axiom's eventual liquidators appear to be DMS Group, JP Funds Group, BDO Cayman, and Ogier, all in the Cayman Islands; Turnstone Group, in the Isle of Man; and Portland Financial Management, of Switzerland.
Letter to investors of Axiom Legal Financing Fund from the Fund's directors announcing the termination of investment manager Tangerine Investment Management.
Letter to investors in Axiom Legal Financing Fund from the Fund's directors regarding the report by KPMG into allegations against the Fund published by OffshoreAlert.
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.
Cayman Islands-domiciled Axiom Legal Financing Fund suspended redemptions and halted new subscriptions yesterday - a result of an investigation into the Fund by OffshoreAlert. Meanwhile, our ongoing investigation suggests that investors - who have invested at least £117 million - are victims of a massive fraud orchestrated by British solicitor Tim Schools and others.
Letter from Tangerine Investment Management Limited to Distributors of Axiom Legal Financing Fund announcing resignation of Timothy Schools.
Cayman Islands-domiciled Axiom Legal Financing Fund has retained KPMG to investigate red flags concerning the Fund that were uncovered by OffshoreAlert. Investors were informed of the development in a letter yesterday from the Fund's directors, Ronan Guilfoyle and Graham Hampson.
Letter From Directors of Axiom Legal Financing Fund to Investors, October 15, 2012 regarding red flags raised in investigative articles by OffshoreAlert.
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.
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".