Monthly Archives: November 2010

BVI company’s CEO leaves his post after foreclosure scandal

Last week, the attorney David J. Stern has resigned as CEO of DJSP Enterprises, the publicly traded company registered in the British Virgin Islands. This came just in some weeks after he resigned from the post of BVI company’s chairman. … Continue reading

Posted in BVI Companies, Illegal actions | Leave a comment

BVI-registered company Latitude Asia files claim against UBNZ Funds Management

Last week, the judge of NZ High Court dismissed statutory demand of the British Virgin Islands-registered company Latitude Asia, which claims the company UBNZ Funds Management owes it US$475,000 for services rendered. The company is run by Fraser brothers. Their … Continue reading

Posted in Litigation | Leave a comment

Madoff’s feeder fund tries to recover money

Fairfield Sentry Ltd., one of Madoff’s feeder funds that transferred US$3.2 billion to him, sued a Swiss unit of Bank Morgan Stanley AG. The US fund, which is being liquidated under the supervision of the Commercial Division of the High … Continue reading

Posted in Court decisions, Frauds, Liquidation, Offshore investment schemes, Scam, Tax fraud | Leave a comment