Timothy Schools

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UK SFO News Release: Timothy Schools Conviction & 14-Year Prison Sentence

August 11, 2022
News Release by the United Kingdom's Serious Fraud Office announcing that Timothy Schools has been "jailed for 14 years" after being convicted of a "no-win-no-fee fraud" involving entities in the Cayman Islands, England, France, Isle of Man, Marshall Islands, Panama, Spain, and Switzerland.

Fraud charges brought against three Axiom Legal Financing Fund insiders

August 21, 2020
Three UK nationals - Timothy Schools, Richard Emmett, and David Kennedy - have been criminally charged with fraud over their involvement with Cayman Islands-domiciled Axiom Legal Financing Fund, whose £100 million litigation funding-based investment scam collapsed after being exposed by OffshoreAlert eight years ago.

Steven Goodman v. DMS Governance Ltd.: Appeal Judgment

April 27, 2020
Judgment regarding an appeal against a lower court's dismissal of a claim against a Cayman Islands-based corporate services provider regarding Axiom Legal Financing Fund, described as having committed "a very substantial fraud in which over US$ 120 million ... was misappropriated by Tim Schools", in Steven Goodman, a lawyer specializing in litigation funding v. DMS Governance Limited at the Court of Appeal of the Cayman Islands.

Axiom Legal Financing Fund v. Royal Bank of Scotland International Ltd.: Judgment on Summary Judgment Application

October 15, 2019
Judgment dismissing defendant's applications for summary judgment and strike out of Amended Particulars of Claim regarding a fraud committed by Cayman Islands-domiciled Axiom Legal Financing Fund in JP SPC 1 and JP SPC 4, both of the Cayman Islands, on behalf of Axiom Legal Financing Fund v. Royal Bank of Scotland International Limited at the High Court of Justice of the Isle of Man.

Eighth British attorney struck off over Axiom Legal Financing Fund fraud

February 1, 2018
Andrew Lindsay has become at least the eighth British attorney to be struck off due to involvement in the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert. Another solicitor, Marina Frankel, was suspended indefinitely.

SFO v. Timothy Schools: David Marchant’s Witness Statement (Axiom Legal Financing Fund)

December 7, 2017
Witness Statement provided by David Marchant, Founder, Owner & Editor of OffshoreAlert, to the United Kingdom's Serious Fraud Office in 2017 in support of the SFO's criminal investigation and prosecution of Timothy Schools regarding his £120 million Cayman Islands-domiciled Axiom Legal Financing Fund, which resulted in Schools being found guilty of fraud and money laundering by a jury at Southwark Crown Court, in England, in 2022 and receiving a 14-year prison sentence and a 15-year corporate disqualification.

Serial fraudster Tim Schools back in business as a ‘crisis coach’

January 17, 2017
Serial fraudster Timothy Schools, who swindled hundreds of investors out of more than £100 million via his Cayman Islands domiciled Axiom Legal Financing Fund, is back in business … as a "crisis coach" At his newly created www.thecrisiscoach.co.uk,

Investment Schemes + Conflicts of Interest = Loss of Capital

November 8, 2016
One of the quickest ways of detecting whether an investment opportunity is legitimate is to skip to the 'conflicts of interest' page of an offering memorandum. If it's not blank, don't invest.Conflicts are a clear sign that a scheme exists

Tangerine Investment Management Ltd.: Assignment Order

May 20, 2015
Order authorizing the liquidators of Tangerine Management Limited (in Official Liquidation) to assign various causes of action against Timothy Schools, Dawn Cummings and DMS Offshore Investment Services Limited to Steven Jeremy Goodman at the Grand Court of the Cayman Islands.

JP SPC 1 and JP SPC 4: Order Approving Litigation Settlement

February 25, 2015
Order Approving Settlement with Timothy Schools, Dale Stephenson, Noble Finance Limited, Sadira Limited, Loret Investments Limited, Claire Schools, Solis International Foundation, Sophie Schools, Kellie Schools, Lisa Schools, Sara Stephenson, Kompali AG, Sarin International Foundation, Midus Assets LLC and Monty Holdings Limited In the Matter of JP SPC 1 and JP SPC 4, doing business as Axiom Legal Financing Fund, at the Grand Court of the Cayman Islands.

Portland Financial Management Group directors accused of ‘hampering’ liquidation

September 25, 2014
Secretive Delaware firm Treadstone Corporate Services LLC and two British nationals - Anthony Smith and Timothy Eddolls - who helped swindle investors in Cayman Islands-domiciled Axiom Legal Financing Fund have been accused of 'hampering' the liquidation of three investment firms in England that, like Axiom itself, appear to have been operated fraudulently.

Liechtenstein insurer and London broker to be sued by Axiom Receivers

December 21, 2013
The Receivers of Axiom Legal Financing Fund are to sue Liechtenstein-licensed insurer Gable Insurance AG and London-based broker Legal Expense Solutions Limited as part of their attempt to recover assets for investors who were swindled out of more than £100 million.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Alan Hutson et al

December 11, 2013
Defense of Alan Hutson, Rachel Hutson, Hut Consulting Limited, and First for Law Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Claire Schools Freezing Order

November 22, 2013
Worldwide Freezing Order against Claire Schools and Solis International Foundation in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Amended Complaint

November 8, 2013
Amended Particulars of Claim in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Alan Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Hut Consulting Limited, First for Law Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund conspirator Portland Financial goes bust

November 3, 2013
Portland Financial Management Group, which helped Tim Schools defraud Axiom Legal Financing Fund and launder the proceeds, has collapsed amid regulatory problems and substantial debts. The group's principals, Anthony Smith, Tim Eddolls and Connie Rodrigues, now operate under new names: Prestige Financial Management, Cavendish Financial Management, Corbus Portfolio Solutions, and Corbus Private Clients.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Kennedy

September 20, 2013
Defense of David Kennedy in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of David Rae

September 9, 2013
Defense of David Rae in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, of the Cayman Islands, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Axiom Legal Financing Fund v. Timothy Schools et al: Defense of Rachel Hutson

August 20, 2013
Defense of Rachel Hutson in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Check Mate Audits Limited, Resolver Claims Management Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.