Butterfield Bank (Cayman) Ltd. has been dragged into litigation arising from the theft by David Self of approximately $1 million from clients of his Cayman Islands-based captive management firm Monkton Insurance Services Ltd.
Third-Party Complaint in William G. Ritter v. Butterfield Bank (Cayman) Ltd. at the U. S. District Court for the Western District of Texas.
Three captive insurance companies in the Cayman Islands - Warco Insurance Corporation, Landis Insurance Company and Landrin Insurance Corporation - are suing their former manager, David Self, for the return of US$988,881, plus interest, that he allegedly misappropriated.
Cayman Islands captive insurance boss ‘in custody’ after misappropriating up to US$1 m, say liquidators
David Self, former president and director of captive insurance manager Monkton Insurance Services Ltd., is "in custody" in the Cayman Islands after misappropriating up to US$1 million belonging to his company and its clients, according to the firm's liquidators.
Default Interlocutory Judgment for Damages to be Assessed in Monkton Insurance Services Ltd. v. David Self at the Grand Court of the Cayman Islands.