Frank Ney

Complaint in Aviator Master Fund, Ltd., Aviator Fund Management, L.P., JMG Triton Offshore Fund, Ltd., JMG Capital Partners, LP, Whitebox Concentrated Convertible Arbitrage Partners, LP, Whitebox Concentrated Convertible Arbitrage Advisors, LLC, Whitebox Credit Arbitrage Partners, LP, Whitebox Credit Arbitrage Advisors, LP, Pandora Select Partners, LP, Pandora Select Advisors, LP, Longview Equity Fund, L.P., Longview International Equity Fund, L.P., and Longview Fund, LP v. John Hamilton and Sandro Sordi at New York State Supreme Court.

A wannabe Bermuda insurer whose license application was turned down in 2004 has resurfaced in Barbados, where it has teamed up with a group whose principals include a convicted criminal. The Barbados Supervisor of Insurance issued an insurance license to River Reinsurance Limited on December 16, 2005. 

A publicly-listed company in the United States whose subsidiaries include an offshore insurer is being sued in New York by investors who claim they were victims of a $50 million securities fraud. Strategy International Insurance Group Inc., whose shares are currently trading on the Over-The-Counter Bulletin Board at just six cents per share, misrepresented its assets and concealed “material negative facts” about some of its “principal executives and directors” in a private placement memorandum, according to the plaintiffs, who include investment funds in the British Virgin Islands and Cayman Islands. 

Complaint filed by Pandora Select Partners LP, Pandora Select Advisors, LP, JMG Capital Partners, LP, JMG Triton Offshore Fund, Ltd.,  Aviator Fund Management, LP, Aviator Overseas Fund II, Ltd., Aviator Master Fund, Ltd., Whitebox Hedged High Yield Advisors, LP, Whitebox Hedged High Yield Partners, LP, Whitebox Convertible Arbitrage Advisors, LLC, and Whitebox Convertible Arbitrage Partners, LP against Strategy International Insurance Group Inc., Strategy Real Estate Investments, Ltd., John Hamilton, Sandro Sordi, and Stephen Stonhill at the U. S. District Court for the Southern District of New York.

Confidential Private Placement Memorandum for securities issued by Strategy International Insurance Group Inc. and Strategy Real Estate Investments Ltd.