Dennis Klemming

Cayman Investment Funds Master SPC et al: Chapter 15 Petition (Cayman Islands)

June 24, 2024

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Samuel Cole and Mitchell Mansfield, of Kroll, as the Foreign Representatives of Cayman Investment Funds Master SPC (in Official Liquidation) and Cayman Investment Funds SPC (in Official Liquidation), filed at the U.S. Bankruptcy Court for the Southern District of Florida.

Alliance Metals LLC v. C T Corporation System: Motions to Intervene & Vacate Default Judgment (‘Cayman Islands Liquidation’)

June 4, 2024

Motions to Intervene and Vacate a Default Judgment by Samuel Cole and Mitchell Mansfield, of Kroll, as the Joint Official Liquidators of Cayman Investment Funds Master SPC (in Official Liquidation) and Cayman Investment Funds SPC (in Official Liquidation), both of the Cayman Islands, in Alliance Metals LLC and C T Corporation System at the Circuit Court of the Eleventh Judicial Circuit, in and for Miami-Dade County, Florida, USA.

Two more Cayman entities controlled by U.S.-based Swedish national Dennis Klemming go into liquidation

May 22, 2024

The collapse of an investment group headed by Miami-based Swedish national Dennis Klemming has continued with the liquidations of two more Cayman Islands entities, International Capital Allocation Ltd. and International Portfolio Allocation Ltd., which each had an agreement to borrow up to $100 million from another failed Cayman entity, SPI Investment Fund.

Cayman Opportunity Investment Manager: Directors (Cayman Islands)

May 19, 2024

Director Details for Cayman Opportunity Investment Manager, obtained from the Cayman Islands General Registry on May 19th, 2024.

International Capital Allocation Ltd.: ‘Court Supervision’ Petition

May 14, 2024

Petition for Court Supervision of a Voluntary Liquidation in the matter of International Capital Allocation Ltd. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

International Portfolio Allocation Ltd.: ‘Court Supervision’ Petition

May 14, 2024

Petition for Court Supervision of a Voluntary Liquidation in the matter of International Portfolio Allocation Ltd. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Alliance Metals LLC v. C T Corporation System: Complaint (‘Unauthorized & Fraudulent Filing’)

April 9, 2024

Complaint in Alliance Metals LLC, described as "an ISO certified secondary aluminum company which prides itself in producing high quality specification alloys in various shapes at competitive prices" v. C T Corporation System, of Delaware, USA, at the Circuit Court of the 11th Judicial Circuit, in and for Miami Dade County, Florida, USA.

Jonathan Rosen v. Dennis Klemming: Complaint (‘$168K Breach of Lease’)

March 29, 2024

Complaint in Jonathan Rosen v. Dennis Klemming, a citizen of Sweden residing in Miami Beach, Florida, USA, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida, USA.

Swedish national Jon Malmsäter’s SCF Brazil Cayman fund goes into liquidation

January 16, 2024

Another Cayman Islands mutual fund - SCF Brazil, Cayman Feeder SPC - associated with the Miami-based, Brazil-focused Prudent Group has collapsed, this one operated by Swedish national Jon Malmsäter, who has a history of dubious investment schemes, indebtedness, tax problems, and even domestic violence.

Another Cayman fund operated by U.S.-based Dennis Klemming goes into liquidation

December 21, 2023

Another Cayman Islands mutual fund - SPI Investment Fund SPC - affiliated with Miami Beach-based Swedish national Dennis Klemming's Prudent Group has gone into liquidation - 21 months after its independent directors were removed after uncovering evidence of fraud.

SPI Investment Fund SPC: ‘Court Supervision’ Petition

December 20, 2023

Petition for Court Supervision of a Voluntary Liquidation in the matter of SPI Investment Fund SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Cayman funds headed by U.S.-based Dennis Klemming go into liquidation

December 11, 2023

Two Cayman Islands investment funds operated by Miami Beach-based Swedish citizen Dennis Klemming - Cayman Investment Funds Master SPC and Cayman Investment Funds SPC - have gone into liquidation after being unable to satisfy investors' redemption requests totaling nearly $50 million.

Cayman Investment Funds SPC: ‘Court Supervision’ Petition

November 20, 2023

Petition for Court Supervision of a Voluntary Liquidation in the matter of Cayman Investment Funds SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Cayman Investment Funds Master SPC: ‘Court Supervision’ Petition

November 20, 2023

Petition for Court Supervision of a Voluntary Liquidation in the matter of Cayman Investment Funds Master SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

International Portfolio Allocation Ltd.: Directors (Cayman Islands, 2023)

August 7, 2023

Director Details for International Portfolio Allocation Ltd., obtained from the Cayman Islands General Registry on August 7th, 2023.

International Capital Allocation Ltd.: Directors (Cayman Islands)

August 7, 2023

Director Details for International Capital Allocation Ltd., obtained from the Cayman Islands General Registry on August 7th, 2023.

Cayman Opportunity Investment Manager: Search Report & Directors (Cayman Islands)

August 4, 2023

Search Report & Director Details for Cayman Opportunity Investment Manager, obtained from the Cayman Islands General Registry on August 4th, 2023.

Sunset Harbour South Condominium Association Inc. v. Dennis Klemming et al: Plaintiff’s Motion to Dismiss Counterclaim

February 8, 2023

Plaintiff's Motion to Dismiss Counterclaim, including a copy of an arbitration order that Dennis and Ivonne Klemming "shall immediately and permanently cease and desist ... engaging in threats of physical attack of Association members, slurs directed at an individual's sexual orientation, or engaging in the communication of obscenities directed at any Association members", in Sunset Harbour South Condominium Association Inc. v. Dennis Klemming and Ivonne Klemming at the Circuit Court of the 11th Judicial Circuit in and for Miami-Dade County, Florida.

Sunset Harbour South Condominium Association Inc. v. Dennis Klemming et al: Defendants’ Answer & Counterclaim

January 19, 2023

Defendants' Answer, Affirmative Defenses and Counterclaim in Sunset Harbour South Condominium Association Inc. v. Dennis Klemming and Ivonne Klemming at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Swiss asset manager Marc-André Pépin removes directors who accused him of fraud, withdraws winding up petition

July 14, 2022

One day after being accused of fraud by independent directors of his Cayman Islands mutual fund, Swiss asset manager Marc-André Pépin removed them and then withdrew their winding up petition, OffshoreAlert can reveal.

SPI Investment Fund SPC: Directors (July 2022)

July 8, 2022

Director Details for SPI Investment Fund SPC, obtained from the Cayman Islands General Registry on July 8th, 2022.

‘Remove Marc-André Pepin content now SPI Investment Fund winding up petition has been withdrawn,’ writes Adrien Debès

July 8, 2022

Letter from Adrien Debès requesting the removal of content on OffshoreAlert's website regarding Swiss asset manager Marc-André Pepin following the withdrawal of a petition to wind up Cayman Islands-domiciled SPI Investment Fund SPC in which he was accused of fraud.

SPI Investment Fund SPC: Order Withdrawing Winding Up Petition

July 7, 2022

Order for Leave to Withdraw Winding Up Petition in the matter of SPI Investment Fund SPC at the Grand Court of the Cayman Islands.

Dennis Klemming v. OffshoreAlert: Complaint

April 11, 2022

Complaint alleging Violation of Florida's Deceptive and Unfair Trade Practices Act in Dennis Klemming, a citizen of Sweden residing in Florida v. KYC News Inc., d.b.a. OffshoreAlert, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

‘Marc-André Pépin disputes Cayman fund fraud allegations,’ write his Swiss lawyers

April 8, 2022

Letter from lawyers Bruno Ledrappier and Olivier Cavadini, of Charles Russell Speechlys, stating that their client, Swiss asset manager Marc-André Pépin, "firmly disputes" fraud allegations against him by the liquidators of Cayman Islands-domiciled SPI Investment Fund SPC.

Cayman Investment Funds SPC: Search Report & Directors (Cayman Islands)

March 21, 2022

Director Details and Search Report for Cayman Investment Funds SPC, obtained from the Cayman Islands General Registry on March 19th and 21st, 2022.

Cayman Investment Funds Master SPC: Search Report & Directors (Cayman Islands)

March 21, 2022

Director Details and Search Report for Cayman Investment Funds Master SPC, obtained from the Cayman Islands General Registry on March 19th and March 21st, 2022.

Swiss asset manager Marc-André Pépin accused of fraud by Cayman’s SPI Investment Fund

March 21, 2022

In a winding-up petition, Swiss investment manager Marc-André Pépin has been accused of "fraudulent misconduct and mismanagement" by Cayman Islands-domiciled SPI Investment Fund SPC, whose investors' funds have allegedly ended up in questionable arrangements with entities operated by Prudent Group, Dennis Klemming, and Jacob Gitman, all of Miami, Florida.

SPI Investment Fund SPC: Search Report & Directors (March 2022)

March 21, 2022

Director Details and Search Report for SPI Investment Fund SPC, obtained from the Cayman Islands General Registry on March 21st, 2022.

Prudent Investment Fund: Corporate Report (Luxembourg)

March 16, 2022

Corporate Report for Prudent Investment Fund, obtained from the Luxembourg Business Register on March 16th, 2022.

‘Immediately remove Dennis Klemming from your website’, writes his attorney

March 15, 2022

"Demand Letter" from Florida attorney Daniel DeSouza requesting the removal from OffshoreAlert's website of lawsuits against, or which mention, his client, Dennis Klemming, a Swedish citizen residing in Miami Beach, Florida, who is chairman of Prudent Group which, according to its website, "currently manages fund vehicles and separate mandates for institutional clients in Luxembourg, Cayman Islands, and Delaware domiciles".

SPI Investment Fund SPC: Winding Up Petition (‘Fraud’)

January 31, 2022

Winding Up Petition alleging "fraudulent misconduct and mismanagement" in the matter of SPI Investment Fund SPC at the Grand Court of the Cayman Islands.

Sunset Harbour South Condominium Association Inc. v. Dennis Klemming et al: Order Denying Emergency Injunction Motion

January 22, 2022

Order Denying Plaintiff's Emergency Motion for Temporary Injunction Motion in Sunset Harbour South Condominium Association Inc. v. Dennis Klemming, a citizen of Sweden, and Ivonne Klemming at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

InterCap America LLC v. Dennis Klemming: Notice of Voluntary Dismissal

January 6, 2022

Notice of Voluntary Dismissal as to Defendant Dennis Klemming in InterCap America LLC v. Dennis Klemming, Prudent Corporate Finance LLC, and Latin American Equity Sports LLC at the Circuit Court of the Eleventh Judicial Circuit, in and for Miami-Dade County, Florida.

Sunset Harbour South Condominium Association Inc. v. Dennis Klemming et al: Emergency Motion for Injunction

November 1, 2021

Emergency Motion for "an Injunction against Defendants ordering that they immediately cease and desist from using threatening and/or offensive language, and assaulting residents, management or others on Association property" in Sunset Harbour South Condominium Association Inc. v. Dennis Klemming, a citizen of Sweden, and Ivonne Klemming at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Sunset Harbour South Condominium Association Inc. v. Dennis Klemming et al: Complaint (‘Threatening Behavior’)

October 21, 2021

Complaint alleging the defendants "repeatedly refused to comply with the Association's COVID-19 safety protocols" and "threatened to kill ... individuals on Condominium property" in Sunset Harbour South Condominium Association Inc. v. Dennis Klemming and Ivonne Klemming at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

José Marcelino Corrêa v. Prudent Investimentos Ltda: Complaint (‘Fraud’)

July 15, 2021

Complaint in José Marcelino Corrêa v. Prudent Investimentos Ltda at the Central Civil Court of the Judicial District of São Paulo, Brazil.

Prudent Investment Fund: Annual Report (2019)

December 8, 2020

Annual Report, including audited financial statements for the year ended December 31st, 2019, for Prudent Investment Fund, of Luxembourg, which includes a disclosure that the Fund's authorization to act as an investment fund had been "withdrawn" by the Luxembourg CSSF, causing auditor Mazars to state there was "significant doubt on the going concern of the Company".

InterCap America LLC v. Dennis Klemming et al: Complaint (‘Unjust Enrichment’)

October 15, 2020

Complaint in InterCap America LLC, of Florida v. Dennis Klemming, Prudent Corporate Finance LLC, of Florida, and Latin America Equity Sports LLC, of Delaware at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Federal Trade Commission et al v. Hylan Asset Management et al: TRO Motion

June 26, 2018

Motion for a Temporary Restraining Order in the Federal Trade Commission and the People of the State of New York v. Hylan Asset Management LLC, Worldwide Processing Group LLC, Frank A. Ungaro Jr., and Andrew Shaevel at the U. S. District Court for the Western District of New York.

Prudent Investment Fund: Issuing Document (Luxembourg)

July 9, 2016

"Issuing Document" dated "July 2016" for Prudent Investment Fund, of Luxembourg.

Buckner and Shifrin PA v. Dennis Klemming: Settlement

June 1, 2015

Settlement in Buckner and Shifrin PA v. Dennis Klemming at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Buckner and Shifrin PA v. Dennis Klemming: Complaint (‘$44K Unpaid Legal Fees’)

April 23, 2015

Complaint for $44,628 in alleged unpaid legal fees in Buckner and Shifrin PA v. Dennis Klemming at the Circuit Court of the Eleventh Judicial Circuit, in and for Miami-Dade County, Florida.

Robert Taylor v. Jon Malmsäter: Complaint (‘Advance Fee Fraud’, Federal Court)

February 21, 2013

Complaint alleging an advance fee fraud involving Cayman Islands-domiciled KM Trading Cayman Ltd. in Robert C. Taylor, described as " a resident of Chicago, Illinois and Grand Cayman Islands" v. Jon Malmsäter at the U. S. District Court for the Northern District of Ohio.

Carina Klemming v. American Offshore Enterprises Inc. et al: Defendants’ Answer, Defenses & Affirmative Defenses

January 18, 2012

Defendants' Answer, Defenses & Affirmative Defenses in which they, inter alia, alleged they were "subject of a fraud" by Dennis Klemming and others in Carina Klemming, a citizen of Sweden v. American Offshore Enterprises Inc. and Andrew C. Kniffin, a.k.a. Andy Kniffin, at the U.S. District Court for the Southern District of Florida.

Carina Klemming v. American Offshore Enterprises Inc. et al: Order Denying Motion to Dismiss

January 4, 2012

Order Denying Defendants' Motion to dismiss in Carina A. Klemming v. American Offshore Enterprises Inc. and Andrew Kniffin at the U.S. District Court for the Southern District of Florida.

Carina Klemming v. American Offshore Enterprises Inc. et al: Defendants’ Motion to Dismiss

November 1, 2011

Defendants' Motion to Dismiss in Carina Klemming, a citizen of Sweden v. American Offshore Enterprises Inc. and Andrew C. Kniffin, a.k.a. Andy Kniffin, at the U.S. District Court for the Southern District of Florida.

Carina Klemming v. American Offshore Enterprises Inc. et al: Complaint (‘Fraud’)

September 14, 2011

Complaint accusing the defendants of "aiding-and-abetting her former husband [Dennis Klemming] in fraudulently converting and absconding with her share of sale proceeds of a yacht" in Carina Klemming, a citizen of Sweden v. American Offshore Enterprises Inc. and Andrew C. Kniffin, a.k.a. Andy Kniffin, at the U.S. District Court for the Southern District of Florida.