Karl Martell

New offshore futures fund launched in the Bahamas

A new mutual fund that uses a proprietary, automated trading model to invest in futures has been established in the Bahamas. Flexus Futures Fund Ltd. was incorporated in the Bahamas on December 2, 1999 and was this month licensed as

Archer Capital Inc.: Karl Martell Letter to Florida Division of Corporations

An apparent attempt by Karl Martell to distance himself from Archer Capital, Inc. following criminal action in Germany against his former business partner, Klaus Weyers, for alleged securities fraud. In this letter to Florida Department of State, Division of Corporations, Martell claimed that Archer Capital Inc. and the officers of the company "do not have an association to the address 9423 Chelsea Dr N. Plantation, FL. 33324" and that it is "a private residence owned by Karl Martell", notwithstanding the fact that the address was the official registered office for Archer Capital, Inc., of which Martell was the Company Secretary, and also the contact address for Martell and Archer Capital directors Weyers and Dirk Mohrmann in filings with the Florida Division of Corporations. Martell resigned as Company Secretary approximately one week prior to sending this letter.

Archer Capital, Inc.: Karl Martell Resigns as Registered Agent

Resignation of Karl Martell as Registered Agent of Archer Capital, Inc., filed with the Florida Secretary of State on or around December 31, 1998. Six weeks later, an arrest warrant was issued in Germany against Archer Capital director Klaus Peter Weyers, who was accused of securities fraud.

Archer Capital, Inc.: Karl Martell Resigns as Secretary

Resignation of Karl Martell as Secretary of Archer Capital, Inc., filed with Florida Secretary of State on or around December 30, 1998, which was a few weeks before an arrest warrant was issued in Germany for Archer Capital director Klaus Peter Weyers, who was accused of securities fraud.