 Ex-TCI Premier Michael Misick sued by victims of Ponzi scheme
June 15, 2009
Former Turks and Caicos Islands Premier Michael Misick is being sued in Fort Lauderdale by a physician who claims he was defrauded in a TCI-based get-rich-quick scheme.
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Cayman resident sues Bermuda Fund auditor & administrator over Madoff losses
June 15, 2009
A Cayman Islands resident has filed a shareholders' derivative complaint in New York against a Bernard Madoff-feeder fund that is domiciled in the British Virgin Islands. The Fund's Bermuda-based administrator and auditor are also being sued.
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Millennium Bank investors bring class action against JPMorgan
June 15, 2009
A class action complaint has been filed against New York-based financial services firm JPMorgan Chase & Co. on behalf of victims of a $68 million fraud allegedly perpetrated by Millennium Bank, an offshore bank that was licensed in St. Vincent and the Grenadines.
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First Fidelity Group (BVI) accused of bond fraud in US
June 15, 2009
A British Virgin Islands-domiciled IBC that operated as an investment fund before being forced into liquidation last year has been accused of defrauding a California corporation, causing its collapse.
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McGladrey & Pullen (Cayman) sued again over failed Lancelot Investors Fund
June 15, 2009
A second civil complaint in less than three months has been filed against Cayman Islands-based auditor McGladrey & Pullen regarding a failed offshore hedge fund.
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Wells Fargo sues Walkers SPV for $3.5 m, alleges negligence in maintaining share register
June 15, 2009
Cayman Islands-based Walkers SPV Limited is being sued by Wells Fargo Bank NA, which claims that a failure to update the share register of a Special Purpose Vehicle has exposed it to damages of $3.5 million.
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First Financial International Group (Cayman) sues software developer for $1 m
June 15, 2009
Cayman Islands-based First Financial International Group Ltd. is seeking more than $1 million in damages against a software developer in Oklahoma.
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Fourth fraud action against Cayman-domiciled May Daisy Corp.
June 15, 2009
A fourth civil complaint in 11 months has been filed at federal court in Orlando by an investor claiming to have been defrauded in a Forex scheme operated by a Jamaican national using a Cayman Islands corporation.
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Agora Group sues over TipsTrader.com
June 15, 2009
Five subsidiaries or affiliates of the Baltimore-based Agora group, which publishes investment newsletters and operates investment clubs that are pro-offshore, are suing a competitor for allegedly misappropriating their intellectual property.
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latin AmericA Round-up
June 15, 2009
COLOMBIA: Espionage scandal; Authorities capture 15 rebels. COSTA RICA: Bank irregularities. GUATEMALA: Killed after revealing corruption. MEXICO: Funny suitcases and trade. PANAMA: Millionaire becomes President.
Insider Talking
June 15, 2009
Conman John Kaweske tries to reinvent himself in Cyberspace through false claims about his track record and a lawsuit in which former Bahamas Governor-General Sir Orville Turnquest was seeking to avoid repaying a $1.5 m loan to LaSalle Bank is dismissed in Florida.
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