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.
Forfeiture Complaint in USA v. $150,000 on deposit at the Bank of America associated with an alleged fraud involving Paul Ubsdell and Mark Britain, filed at the U. S. District Court for the District of New Hampshire.