A Cayman Islands fund allegedly swindled a British Virgin Islands investment vehicle whose ultimate investors were "citizens of Malaysia" out of more than $200 million as part of the 1MDB fraud, all while its directors, Stuart Brankin (pictured), Desmond Campbell, and Christine Godfrey, collectively received fees and expenses "totaling more than US$100,000", it has been claimed in a lawsuit.
An offshore insurer whose directors include former Chairman of the Cayman Islands Monetary Authority Michael Austin may have been used to help an American family worth billions of dollars break U. S. tax, securities and money laundering laws.The allegations were
The Bank of Bermuda was a “key financial institution” in a scheme that allowed the billionaire founders of Bermuda-based life reinsurer Scottish Re Group Ltd. to avoid tens of millions of dollars in taxes and possibly break securities and anti-money laundering laws in the United States, it has been claimed.