Monthly Archives: September 2011

Madoff’s feeder funds’ liquidation procedure: important decision taken

The Joint Liquidators from KryS Global, a law firm working from four jurisdictions, including the British Virgin Islands, Cayman Islands, Bahamas and Bermuda, announced an important decision in the procedure of liquidation of the Fairfield Funds – Fairfield Sentry Ltd., … Continue reading

Posted in Frauds, Investigation, Liquidation, Litigation, Offshore investment schemes, Scam | Leave a comment

CFTC filed suits against 11 unregistered firms including BVI entities

иконописThe US Commodity Futures Trading Commission (CFTC) had filed ten enforcement actions against eleven companies, including two companies registered in the British Virgin Islands – InterForex, Inc. and O.C.M. Online Capital Markets Limited. These firms allegedly illegally solicited the public … Continue reading

Posted in BVI Companies, Litigation | Leave a comment

BVI-owned company to purchase large wood industry enterprise

The shares of one of the leading wood industry enterprises in Latvia – joint-stock company Latvijas Finieris – soon to be sold. In August 2011, some investors from Netherlands informed about their plans to invest LVL 50 million in the … Continue reading

Posted in BVI Companies, Offshore secrecy | Leave a comment