Sovereign High Security Fund

Four days before a trial was due to start in the Cayman Islands, British fund manager Jeremy Leach and eight of his firms settled a fraud complaint by agreeing to pay $11.5 million over 22 months, OffshoreAlert can reveal. Despite a plethora of red flags, the Cayman Islands Monetary Authority continues to license Leach's Managing Partners Group and its funds and the group also operates entities in the British Virgin Islands, England, Malta, Spain, and Switzerland.

Tenth Report of the Joint Official Liquidators of Cayman Islands-domiciled Traded Life Policies Fund and Diversified Settlements Fund, both in Official Liquidation.

Judgment regarding "an appeal against an order for security for costs" in Traded Life Policies Fund (in Official Liquidation) and Michael Penner, as Joint Official Liquidator of Traded Life Policies Fund v. Jeremy Leach, Managing Partners Limited, Taurus Administration Services SL, MPL Asset Management SA, Praesidium Investment Fund, Sovereign High Security Fund SPC, Corinthian Growth Fund, and Traded Policies Fund at the Court of Appeal of the Cayman Islands.

Joint Official Liquidators' Ninth Report regarding Traded Life Policies Fund and Diversified Settlements Fund (both in Official Liquidation), both of the Cayman Islands.

A Cayman Islands fund - Traded Life Policies Fund - has become the latest investment scheme operated by Marbella-based, British fund manager Jeremy Leach to collapse in dubious circumstances.