Sandro Sordi

Offshore hedge funds obtain $13 m judgment against Canadians implicated in fraud involving Barbados insurer

June 7, 2012

Hedge funds in the British Virgin Islands, Cayman Islands and USA have obtained a default judgment for $13 million against Canadian nationals John Hamilton and Sandro Sordi concerning allegations of securities fraud based around a Barbados-licensed insurer.

Aviator Master Fund, Ltd. et al v. John Hamilton et al: Default Judgment

May 15, 2012

Default Judgment against John Hamilton and Sandro Sordi in Aviator Master Fund, Ltd.,  Aviator Fund Management, LP, JMG Triton Offshore Fund, Ltd., JMG Capital Partners, LP, Whitebox Concentrated Convertible Arbitrage Partners, LP, Whitebox Concentrated Convertible Arbitrage Advisors, LLC, Whitebox Credit Arbitrage Partners, LP, Whitebox Credit Arbitrage Advisors, LP, Pandora Select Partners, LP, Pandora Select Advisors, LP, Longview Equity Fund, LP, and Longview International Equity Fund, LP. v. John Hamilton and Sandro Sordi at New York State Supreme Court.

Hedge funds that lost investors $50 m sue alleged fraudsters over failed settlement agreement

December 10, 2011

Hedge funds in the British Virgin Islands, Cayman Islands and USA whose investors were cheated in a securities fraud based around a sham Barbados-licensed insurer called Strategy Insurance claim to have lost out again in a settlement agreement with the alleged fraudsters.

Aviator Master Fund, Ltd. et al v. John Hamilton et al: Complaint

December 5, 2011

Complaint in Aviator Master Fund, Ltd., Aviator Fund Management, L.P., JMG Triton Offshore Fund, Ltd., JMG Capital Partners, LP, Whitebox Concentrated Convertible Arbitrage Partners, LP, Whitebox Concentrated Convertible Arbitrage Advisors, LLC, Whitebox Credit Arbitrage Partners, LP, Whitebox Credit Arbitrage Advisors, LP, Pandora Select Partners, LP, Pandora Select Advisors, LP, Longview Equity Fund, L.P., Longview International Equity Fund, L.P., and Longview Fund, LP v. John Hamilton and Sandro Sordi at New York State Supreme Court.

$10 m judgment entered against Barbados-licensed Strategy Insurance

November 19, 2009

A default judgment for $10.2 million has been entered in the United States against a Barbados licensed insurer that was allowed to continue in business by Barbados' Supervisor of Insurance, Carlos Belgrave, despite evidence of fraud that was publicized by

Dubious Barbados insurer sued twice in two days in US

August 4, 2008

A Barbados-licensed insurer whose dubious activities were exposed two years ago by OffshoreAlert was named as a defendant in two civil lawsuits filed over a two-day period at federal courts in the United States during July. Strategy Insurance Ltd. was sued at the U. S. District Court for the District of Utah on July 15, 2008 and at the U. S. District Court for the District of Nevada on July 16, 2008.

Kevin Hamilton v. KYC News, Inc. et al: Kevin Hamilton Deposition

October 25, 2007

Deposition of Kevin Hamilton for a libel complaint filed by Hamilton against KYC News, Inc. and David Marchant at Ontario Superior Court of Justice, Canada.

Bahamas attorney plays key role in group accused of securities fraud

August 8, 2006

Bahamas-based attorney Anthony Thompson has emerged as a key player in another securities scheme by a group whose allegedly fraudulent activities were exposed in the previous edition of OffshoreAlert. Thompson is the sole officer and director of two offshore companies that beneficially own 43.8% of the common stock of Reliant Home Warranty Corporation, a Florida-registered, Canada-based “mortgage banking” firm whose shares are currently trading for six cents each on the Over-The-Counter Bulletin Board in the United States.

Bermuda insurance license reject goes to Barbados, teams up with dubious group

July 11, 2006

A wannabe Bermuda insurer whose license application was turned down in 2004 has resurfaced in Barbados, where it has teamed up with a group whose principals include a convicted criminal. The Barbados Supervisor of Insurance issued an insurance license to River Reinsurance Limited on December 16, 2005. 

Parent of offshore insurer accused of $50 m securities fraud

July 10, 2006

A publicly-listed company in the United States whose subsidiaries include an offshore insurer is being sued in New York by investors who claim they were victims of a $50 million securities fraud. Strategy International Insurance Group Inc., whose shares are currently trading on the Over-The-Counter Bulletin Board at just six cents per share, misrepresented its assets and concealed “material negative facts” about some of its “principal executives and directors” in a private placement memorandum, according to the plaintiffs, who include investment funds in the British Virgin Islands and Cayman Islands. 

Pandora Select Partners LP, et al v. Strategy International Insurance Group Inc., et al: Complaint

February 6, 2006

Complaint filed by Pandora Select Partners LP, Pandora Select Advisors, LP, JMG Capital Partners, LP, JMG Triton Offshore Fund, Ltd.,  Aviator Fund Management, LP, Aviator Overseas Fund II, Ltd., Aviator Master Fund, Ltd., Whitebox Hedged High Yield Advisors, LP, Whitebox Hedged High Yield Partners, LP, Whitebox Convertible Arbitrage Advisors, LLC, and Whitebox Convertible Arbitrage Partners, LP against Strategy International Insurance Group Inc., Strategy Real Estate Investments, Ltd., John Hamilton, Sandro Sordi, and Stephen Stonhill at the U. S. District Court for the Southern District of New York.

Strategy Real Estate Investments Ltd. et al: Private Placement Memorandum

November 15, 2004

Confidential Private Placement Memorandum for securities issued by Strategy International Insurance Group Inc. and Strategy Real Estate Investments Ltd.