Category: Press

Published in Law360, October 15, 2015 By Kurt Orzeck A New York federal bankruptcy judge has granted a request by the liquidator for an offshore Bernard L. Madoff feeder fund to undo its allegedly imprudent sale of a $230 million claim against the Ponzi schemer’s defunct firm to a hedge fund. U.S. Bankruptcy Judge Stuart […]

Cayman27  October 15, 2015 One local firm takes credit for brokering a settlement in the largest ever Ponzi scheme in history. Some 6 years after Bernie Madoff’s multi billion dollar fraud went belly up, local firm KRyS Global says it’s making progress in recovering a fraction of what was stolen around the world. Click here […]

October 15, 2015 Kenneth Krys and Charlotte Caulfield of KRyS Global, the British Virgin Islands Joint Liquidators of Fairfield Sentry Limited, secured a significant decision yesterday (October 13, 2015) when US Bankruptcy Judge, Stuart M. Bernstein handed down his decision granting their motion to disapprove the sale of their $230 million allowed SIPA claim in […]

Published in The Nassau Guardian, 29th September, 2015 By K.Quincy Parker Provisional liquidator for Baha Mar Edmund Rahming of KRyS Global has dismissed assertions that China Construction America (CCA) demanded – and received – half a million dollars just to return to the Baha Mar premises to conduct an assessment of the property. According to […]

Published in The Bahamas Tribune, September 24, 2015 By Khrisna Virgil BAHA Mar’s court appointed joint provisional liquidators yesterday confirmed that the more than 2,000 employees of the stalled $3.5bn West Bay Street resort will be paid the salaries owed to them for this month. This means that for the payroll due this week, employees […]

Published in the Bahamas weekly September 15, 2015 By Diane Phillips & Associates BahaMar Joint Provisional Liquidators (JPLs) said late today that a decision by the Delaware court dismissing Baha Mar Ltd’s Chapter 11 bankruptcy filing would not change their role. “Our role from the outset has been to protect and preserve BahaMar’s assets and […]

Published in the Tribune242, Bahamas (September 5th 2015) By Lamech Johnson JUSTICE Ian Winder said on Friday that his approval of the government’s petition for the appointment of provisional liquidators for the stalled Baha Mar resort development was limited to preventing the depletion of the $3.5 billion resort’s assets. His approval of KRyS Global and AlixPartner […]

KRyS Global, an international fraud investigation and dispute resolution firm with offices in eight locations, welcomes Kevin Haywood Crouch. Mr. Haywood Crouch joins KRyS Global as its Global Head of Forensics and Consulting, which incorporates the forensics, regulatory, valuation and technology service lines offered by the firm. He is an experienced forensic professional with over […]

©iStock.com by Getty Images Published by Cayman Compass on Thursday August 6, 2015: By Brent Fuller A total of five individuals working for the Cayman Islands Monetary Authority have been identified as having “some connection” to Jeffrey Webb, the Caymanian businessman and ousted FIFA official charged in a U.S. racketeering and bribery investigation that has […]

Published in Law360, New York (July 23, 2015, 8:57 PM ET) By Cara Salvatore Hedge fund manager and administrator Citco Group Ltd. told a New York federal judge on Thursday that it’s reached a settlement with Madoff feeder fund customers and is withdrawing a motion to dismiss their suit. There was little additional information in […]