Praesidium Investment Fund

British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5M

November 7, 2022

Four days before a trial was due to start in the Cayman Islands, British fund manager Jeremy Leach and eight of his firms settled a fraud complaint by agreeing to pay $11.5 million over 22 months, OffshoreAlert can reveal. Despite a plethora of red flags, the Cayman Islands Monetary Authority continues to license Leach's Managing Partners Group and its funds and the group also operates entities in the British Virgin Islands, England, Malta, Spain, and Switzerland.

Traded Life Policies Fund et al: Liquidators’ Tenth Report

October 21, 2022

Tenth Report of the Joint Official Liquidators of Cayman Islands-domiciled Traded Life Policies Fund and Diversified Settlements Fund, both in Official Liquidation.

Traded Life Policies Fund et al v. Jeremy Leach et al: Appeal Judgment (Security for Costs)

December 21, 2021

Judgment regarding "an appeal against an order for security for costs" in Traded Life Policies Fund (in Official Liquidation) and Michael Penner, as Joint Official Liquidator of Traded Life Policies Fund v. Jeremy Leach, Managing Partners Limited, Taurus Administration Services SL, MPL Asset Management SA, Praesidium Investment Fund, Sovereign High Security Fund SPC, Corinthian Growth Fund, and Traded Policies Fund at the Court of Appeal of the Cayman Islands.

Traded Life Policies Fund et al: Liquidators’ Ninth Report

October 21, 2021

Joint Official Liquidators' Ninth Report regarding Traded Life Policies Fund and Diversified Settlements Fund (both in Official Liquidation), both of the Cayman Islands.

Briton Jeremy Leach sued for fraud by Cayman liquidators of Traded Life Policies Fund

July 29, 2019

British asset manager Jeremy Leach, whom OffshoreAlert has previously exposed for operating what appear to be Ponzi schemes, is being sued for fraud in the Cayman Islands by the liquidators of Traded Life Policies Fund, which is allegedly insolvent by at least $21 million.

Traded Life Policies Fund v. Jeremy Leach et al: Writ of Summons

July 25, 2019

Writ of Summons and Statement of Claim alleging fraud in Traded Life Policies Fund (in Official Liquidation) and Michael Penner (as Joint Official Liquidator of Traded Life Policies Fund) v. Jeremy Leach, of Arundel, West Sussex, England; William McClintock, of Romsey, England; Managing Partners Limited, Praesidium Investment Fund, Sovereign High Security Fund SPC, Corinthian Growth Fund, and Traded Policies Fund, all of the Cayman Islands; Taurus Administration Services SL, of Spain, and MPL Asset Management SA, of Switzerland, at the Grand Court of the Cayman Islands.

Richard Ambery v. Managing Partners Malta Ltd.: Ambery’s Initial Submission

May 16, 2019

Richard Ambery's Initial Submission in Richard Ambery v. Managing Partners Malta Ltd. at Malta Industrial Tribunal.

Traded Life Policies Fund: Letter Before Action

November 8, 2018

'Letter Before Action' from Maples and Calder to fellow Cayman Islands law firm Stuarts Walker Hersant, acting for the former directors of Traded Life Policies Fund, namely Jeremy Leach and Bill McClintock.

Traded Life Policies Fund is latest Jeremy Leach investment scheme to collapse

July 26, 2017

A Cayman Islands fund - Traded Life Policies Fund - has become the latest investment scheme operated by Marbella-based, British fund manager Jeremy Leach to collapse in dubious circumstances.