Monthly Archives: April 2009

BVI-registered Madoff’s feeder funds sued for USD 255 million

Posted on April 21, 2009 by Mike

The US trustee filed a complaint in the US Bankruptcy Court against Kingate Global Fund and Kingate Euro Fund, the feeder funds of Bernard Madoff. The two investment funds, registered in the British Virgin Islands, are sued for the return … Continue reading →

Posted in BVI Investment Funds, Frauds, Investigation, Litigation, Ponzi scheme | Leave a comment

Telenor case delayed by Moscow Court

Posted on April 15, 2009 by Mike

The Moscow Arbitration Court announced this week that it would delay the decision on whether the seizure of 29.9 per cent stock in VimpelCom owned by Norway’s telecommunications company Telenor will be blocked. The hearing is rescheduled to the end … Continue reading →

Posted in BVI Companies, Court decisions, Litigation | Leave a comment

BVI company and Gibraltar bank sued for millions linked to Madoff case

Posted on April 10, 2009 by Mike

Investors are continuing to seek for $150 million linked to Bernard Madoff. On April 9, 2009 a British Virgin Islands company and a European bank of Gibraltar were sued by a special trustee who claimed it should go to reimburse … Continue reading →

Posted in BVI Companies, Frauds, Litigation, Offshore banks, Ponzi scheme | Leave a comment

London hedge fund Weavering Capital collapsed over derivative transaction with its BVI subsidiary

Posted on April 4, 2009 by Mike

On March 19 Weavering Capital, a $639m (£440m) London hedge fund, put into liquidation its main fund – Weavering Macro Fixed Income fund in the Cayman Islands. Weavering froze the fund last week, after it was discovered that it was … Continue reading →

Posted in BVI Investment Funds, Frauds, Management Fraud, Offshore investment schemes, Unethical business practice | Leave a comment