John Verhooren

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Fairfield Sentry Ltd. et al v. Citco Group Ltd. et al: First Amended Complaint

First Amended Complaint in Fairfield Sentry Limited, Fairfield Sigma Limited, and Fairfield Lambda Limited, all in liquidation, all of the British Virgin Islands v. Citco Global Custody NV, of the Netherlands; Citco Global Custody (NA) NV, of Curaçao; CGC NA, of Curaçao; Citco Banking Corporation NV, of Curaçao; Citco Bank Nederland NV, of the Netherlands; Citco Bank Nederland NV Dublin Branch, of the Netherlands, and Citco Group Limited, of the Cayman Islands, at the U. S. Bankruptcy Court for the Southern District of New York.

Here we go again: Citco accused of distributing false NAVs

An offshore fund administrator in the Netherlands Antilles has been caught up in a second hedge fund scandal in less than two years.Citco Fund Services (Curacao) NV is a defendant in a civil lawsuit filed on June 9, 2005 by investors in Dobbins Offshore, which was registered in the British Virgin Islands. KPMG (Netherlands Antilles), as the Fund's auditor, is also a defendant. The plaintiffs include companies in the Cayman Islands, France, Luxembourg and Switzerland.

Rift develops between Lancer Offshore Receiver and majority investors

A deep rift has developed between the SEC's Receiver of the failed Lancer hedge fund group and the majority of its investors. The group of investors, who claim to have invested more than $570 million in Lancer Offshore Inc. and The OmniFund Ltd., have accused Marty Steinberg of "antagonism" and a lack of co-operation.

Citco slammed by Lancer Group Receiver

An offshore fund administrator has been accused of "impeding" the investigation in the United States into the $600 million collapse of the Lancer group of hedge funds. Citco Fund Services (U.S.A.) Inc. has refused to turn over records concerning BVI-registered Lancer Offshore Inc. and The OmniFund Ltd., which its Netherlands Antilles affiliate administered.

Lancer Offshore Receiver’s first report paints gloomy picture

More than $600 million of the $1.15 billion invested in the Lancer Offshore group of hedge funds from 1995 to 2002 may be lost.The initial report of Lancer's receiver, Marty Steinberg, acting for the SEC, showed that investors put in