Optimal Investment Services

Four Cayman Islands domiciled hedge funds are seeking compensatory and punitive damages against the Banco Santander group, including a Bahamas domiciled offshore bank, for undisclosed losses allegedly suffered due to fraud by Bernard Madoff.Details are contained in a complaint that

A meeting that PricewaterhouseCoopers (Bermuda) partner Scott Watson Brown had with Bernard Madoff in December, 2004 — after which Watson Brown gave the fraudster a clean bill of health — has led to his firm being added as a defendant

Ernst & Young's operations in the Cayman Islands and the Bahamas are among the defendants in a class action complaint filed on behalf of investors in an offshore hedge fund whose money ended up in Bernard Madoff's fraudulent scheme. Other