Category: Press & Articles

Royal Gazette: Forensic accounting specialist KRyS Global is bringing in Mathew Clingerman to take the role of managing director in its Bermuda office. Mr Clingerman, who is replacing Patrick McPhee, will relocate from the firm’s Cayman Islands office, where he held the position of senior manager and was responsible for leading complex cross-border asset recovery […]

Guernsey Press: Andrea Harris of KRyS Global Guernsey has been selected as one of 35 attendees to travel to Mexico City in June 2014 to attend the International Insolvency Institute’s (“III”) NextGen Leadership Program.  The program’s aim is to bring together the next generation of leading insolvency practitioners from around the world and provide them with […]

(Reuters) – A federal bankruptcy judge on Tuesday approved JPMorgan Chase & Co’s (JPM.N) $543 million deal to end two private lawsuits stemming from its relationship with convicted Ponzi scheme mastermind Bernard Madoff. A spokeswoman for the trustee liquidating Bernard L. Madoff Investment Securities LLC confirmed that U.S. Bankruptcy Judge Stuart Bernstein approved the agreement, […]

Published in: The Caymanian Compass KRyS Global, which provides corporate recovery, asset tracing, insolvency, forensic accounting and business advisory services, has announced the appointment of Timothy Ward as its new chief executive officer. Mr. Ward’s appointment allows the firm to focus its resources, reinforce the existing management structure and enable former CEO Kenneth Krys, who […]

Published January 2014 By: Kenneth Krys Published in: Cayman Financial Review – First Quarter 2014 A black hole, according to Wikipedia, is “a region of spacetime from which nothing, not even light can escape.” From a financial perspective, many consider that when money goes offshore, it enters a black hole. Bank secrecy, public corruption and the constant barrage of films and […]

Published in: Bernews.com KRyS Global, a firm dedicated to corporate recovery, asset tracing, insolvency, forensic accounting, and business advisory services, today announced the appointment of Timothy Ward as its new Chief Executive Officer. Mr. Ward’s appointment as CEO will allow the firm to focus its resources on becoming the best asset recovery firm operating offshore. […]

Caymanian Compass – Fairfield Sentry Limited and Fairfield Sigma Limited (both in liquidation, the “Fairfield Funds”), with Fairfield Sentry Limited being the largest “feeder fund” to Bernard L. Madoff Investment Securities LLC, (“BLMIS”), will receive approximately $50 million as part of the settlement with JP Morgan announced today by Irving Picard. Kenneth Krys, the court-appointed […]

Law360 – By Maria Chutchian – The seemingly endless Bernard L. Madoff Investment Securities LLC wind-down is being handed to U.S. Bankruptcy Judge Stuart M. Bernstein following the unexpected death of U.S. Bankruptcy Judge Burton Lifland, who had overseen the case for the past several years, a court official said Tuesday. The remaining cases Judge Lifland was […]

www.wsj.com – U.S. Bankruptcy Court Judge Burton R. Lifland, who was overseeing the continuing wind-down of assets related to the Ponzi scheme orchestrated by Bernard Madoff, has died, writes Stephanie Gleason and Joseph Checkler. Judge Lifland died Sunday, according to Vito Genna, clerk of the U.S. Bankruptcy Court in Manhattan. The former chief of the […]

www.bloomberg.com – The trustee unwinding Bernard Madoff’s fraud has recovered more than $10 billion for victims five years after the biggest Ponzi scheme collapsed, including $543 million yesterday from Madoff’s bank, JPMorgan Chase & Co. (JPM) Irving Picard, the trustee, has recovered 59 percent of the $17 billion in principal lost by thousands of investors in […]