Optimal Multiadvisors

Cayman hedge funds sue Santander Bank (Bahamas) over Madoff-related losses

May 12, 2010

Four Cayman Islands domiciled hedge funds are seeking compensatory and punitive damages against the Banco Santander group, including a Bahamas domiciled offshore bank, for undisclosed losses allegedly suffered due to fraud by Bernard Madoff.Details are contained in a complaint that

PwC (Bermuda) partner met with Madoff in 2004, gave him ‘clean bill of health’

November 19, 2009

A meeting that PricewaterhouseCoopers (Bermuda) partner Scott Watson Brown had with Bernard Madoff in December, 2004 — after which Watson Brown gave the fraudster a clean bill of health — has led to his firm being added as a defendant

Ernst & Young’s Bahamas and Cayman operations sued by Madoff victims

August 24, 2009

Ernst & Young's operations in the Cayman Islands and the Bahamas are among the defendants in a class action complaint filed on behalf of investors in an offshore hedge fund whose money ended up in Bernard Madoff's fraudulent scheme. Other

Madoff client-list reveals dozens of offshore entities

February 5, 2009

Dozens of offshore hedge funds, asset managers, IBCs and their representatives, including those in the Bahamas, Bermuda, the British Virgin Islands and the Cayman Islands, are among customers of accused fraudster Bernard Madoff, according to a client list released yesterday.The