Magnus Peterson

One day after new directors were appointed to 'ensure' that Cayman-domiciled Brighton SPC would be operated legally, the Fund illegally acquired a Gibraltar firm with bogus assets of $125 million, OffshoreAlert can reveal. The transfer allowed Belvedere and its accomplices in Britain, Dubai, Gibraltar, Spain and elsewhere to continue securities frauds involving firms listed on stock exchanges in Denmark, England and Germany.

The Court of Appeal of the Cayman Islands has thrown out a landmark US$111 million judgment against fraudulently-operated hedge fund Weavering Capital's two 'independent' directors, Stefan Peterson and Hans Ekstrom.

Writ of Summons in Ian Stokoe and David Walker, as Joint Official Liquidators of Weavering Macro Fixed Income Fund Limited v. Skandinaviska Enskilda Banken AB at the Grand Court of the Cayman Islands.

The Irish and Cayman Islands operations of Ernst & Young are being sued by the liquidators of Weavering Macro Fixed Income Fund Limited, which collapsed in 2009 and has an estimated insolvency of more than US$500 million.

Judgment in a case styled as 'Weavering Macro Fixed Income Fund Limited (in Liquidation) vs. Stefan Peterson and Hans Ekstrom' at the Grand Court of the Cayman Islands.