Monthly Archives: March 2012

Madoff scheme: trustee alleges seven firms of investing in BVI “feeder” funds

Откъде да купя иконаIrving Picard, the trustee that liquidates Bernard Madoff’s investment firm, filed seven new lawsuits seeking total amount of more than US$200 million from banks and investment firms. In separate filings with the U.S. Bankruptcy Court in Manhattan, … Continue reading

Posted in Investigation, Offshore investment schemes, Ponzi scheme, Scam | Leave a comment

BVI companies not recognized by Latvian court as Ventbunkers shareholders

ХудожникAt the end of February, the Latvian Supreme Court Department of Civil Cases did not recognize the British Virgin Islands-incorporated offshore companies Steropes Limited and Gyges Limited as Ventbunkers shareholders, after reviewing the claim by the Dutch company Yelverton Investment … Continue reading

Posted in BVI Companies, Court decisions, Illegal actions, Unethical business practice | Leave a comment