Two BVI judges give opposite judgments in $11 m ‘Boston Life v. Insureds’ case

An offshore insurer that operated what may have been an investment scam dressed up as a U. S. tax avoidance scheme endured and enjoyed two contrasting judgments in the same case at the British Virgin Islands High Court over a three-day period in May.
It was a tale of two judges for Boston Life and Annuity Company Ltd., which is involved in litigation with 57 of its U. S.-based insureds who claim they are victims of an $11 million fraud allegedly masterminded by U. S. nationals Leo Ford and Denis Kleinfeld and U. K. national Rick May.