Mataeka Ltd.

After a contested legal battle that lasted more than eight months, two former principals of the fraudulently-operated Evergreen Security offshore mutual fund - and a Florida investment firm they ran - have been forced into bankruptcy in the United States.Involuntary Chapter 7 bankruptcy petitions against Jon M. Knight, of Sorrento, Florida; J. Anthony Huggins, of Orlando, Florida; and their Florida corporation Atlantic Portfolio Analytics & Management Inc. were approved at the U. S. Bankruptcy Court for the Middle District of Florida on March 29, 2007.

A United States court has ordered former insiders of British Virgin Islands incorporated Evergreen Security Ltd. to repay $10.4 million that they received in fraudulent transfers from the unregistered offshore mutual fund before it collapsed in 2001. In a judgment

Bermuda-based Bank of Butterfield and Bahamas-based offshore provider Lions Gate Management have been named as defendants in the latest wave of lawsuits filed by the Bankruptcy Trustee of Evergreen Security, an unlicensed mutual fund which defrauded its investors of over $200 million. Twenty-two new actions were filed at the U. S. Bankruptcy Court for the Middle District of Florida, in Orlando, on January 23, 2003 and four previously-dismissed lawsuits have been reopened, said Bankruptcy Trustee Bill Cuthill.

A fund manager whose interests have included a Bermuda reinsurer and a Bahamas bank is being sued for $8.5 million by the Bankruptcy Trustee of a fraudulently run offshore investment firm.The defendants are Atlantic Portfolio Analytics and Management Inc., a.k.a.

A fund manager whose interests have included a Bermuda reinsurer and a Bahamas bank is being sued for $8.5 million by the Bankruptcy Trustee of a fraudulently run offshore investment firm.Defendants are Atlantic Portfolio Analytics and Management Inc., a.k.a. APAM