Montaque Securities International

  • Home
  • Montaque Securities International

Montaque Securities seeks to enforce settlement

Bahamas-based investment firm Montaque Securities International Ltd. has taken further legal action against a former client for the alleged non-payment of a settlement in an earlier lawsuit. Under the settlement, Janet Amore was required to pay MSI $60,000 on or before December 1, 2003, according to a petition filed by MSI at New York State Supreme Court on January 23, 2004.

Litigation involving Montaque Securities International

Bahamas-based investment firm Montaque Securities International is involved in two unrelated lawsuits filed over the last five months, one as a plaintiff and the other as a defendant. In an action filed in the United States, Montaque claims that it was defrauded of $1.5 million that it loaned a client to establish a mutual fund in Germany.

Clients seek return of money from Addison International & Triology Fund

OffshoreAlert has received a complaint from a client who claims he is unable to redeem an investment made with Bahamas-registered Addison International Ltd., which is apparently run from the United States. The client, who is based in the U.S., claims that he placed $400,000 with Addison International in mid-1999 after the firm's principal told him: "If I don't return four per cent per month, you should fire me."

Insider Talking: October 31, 2000

Midasco Gold Corp's dubious offshore private placement participants, Turks & Caicos Islands regulator issues warning against Orion Bank & Trust, Canadian lawsuit filed against Bermuda-based investment firm GulfStream Financial Ltd., prospectus for Bermuda Money Funds identifies long-deceased Bermudian attorney as its chairman, Better Business Bureau in Costa Rica angered by Harris Organization's false claim to be a member, New Utopia scam keeps going and going, superseding indictment brought against Nevis-based offshore provider Robin Cotterell.

Investors claim huge losses with now-defunct Bahamas broker

Investors who claim they were swindled by a Bahamas-based stockbroking firm are preparing legal action in a bid to recover approximately $12 million in lost funds. The investors claim they were sold dubious stocks traded on the NASDAQ over-the-counter market by Equity Management Group Ltd., which operated from the Bahamas Financial Centre in Nassau.