Michael Gordon

Plaintiff's Opposition to Bermuda-based Gregory Tolaram's Motion to Dismiss a complaint alleging he participated in a fraud involving Cayman Islands-domiciled Alpha Re Limited in Great Western Insurance Company v. Gregory Tolaram, of Bermuda, et al at the U. S. District Court for the Southern District of New York.

A British affiliate of Belvedere Management Group that is ultimately-owned by Cayman Islands-domiciled Brighton SPC has been wound up "in the public interest" in London for involvement in a boiler room fraud that swindled investors out of £36 million. Another Belvedere affiliate is fighting a similar winding-up petition.

Nevis Court of Appeals issues bizarre ruling against Millennium Financial fraud victims and in favor of their alleged tormentor (Ian Scott, who is currently under indictment in California); in a separate action, asset planners in the US allegedly portrayed Nevis as the perfect place to hide money from creditors, according to a client who claimed to have been defrauded by those selling him the plan; The U. K. Serious Fraud Office suffers another reverse as a jury acquits former Imperial Consolidated principals Jared Brook and Lincoln Fraser on one fraud count and is undecided on another; and the SFO hopes to have better luck with recently-filed fraud charges against Terry Lindon and Giles Hutchinson, who were involved in an Imperial Consolidated spin-off known as Invaro.

PricewaterhouseCoopers LLP and PricewaterhouseCoopers (Bermuda) have paid the State of New Jersey $5.85 million to resolve allegations of fraud and accounting improprieties at Tyco International Ltd., according to a press release issued by New Jersey's Attorney General, Anne Milgram, on