Category: Press

The Royal Gazette: An Island asset recovery firm has signed up with a Cayman-based company to recover millions of dollars in unclaimed financial assets owned by Bermuda residents from around the globe. Hamilton-based Krys Global has teamed up with AssetMine Global to track down the legal owners of property and cash. And Krys Global’s managing […]

Cayman Reporter,18 August 2014: Local company KRyS Global announced it has partnered with AssetMine Global Inc, a Cayman registered entity, to start the process of reuniting local residents and companies to their unclaimed property located outside of the Cayman Islands in jurisdictions around the world. ‘Unclaimed Property’ is the term given to financial assets that […]

KRyS Global, a boutique fraud investigation and asset recovery firm with offices located in the Caribbean, Bermuda and the Channel Islands, have partnered with AssetMine Global Inc., to start the process of reuniting Caribbean residents and companies to their unclaimed property located in various jurisdictions around the world. Many residents will have already received correspondence regarding […]

Law360, New York (July 24, 2014, 10:58 AM ET) — On July 6, 2014, Jed S. Rakoff, U.S. district judge for the Southern District of New York, declined to extend the reaches of Section 550(a) of the Bankruptcy Code abroad to permit the recovery of funds that were alleged to be fraudulently obtained from Bernard […]

Law360, New York (July 07, 2014, 12:22 PM ET) — The trustee for Bernard L. Madoff’s defunct firm suffered a huge setback Sunday in efforts to claw back money from banks that collected foreign feeder funds’ Ponzi scheme proceeds when U.S. District Judge Jed S. Rakoff held that such asset transfers are outside the reach […]

www.businesslife.co: Uncovering fraud, forgery, orders to freeze assets, locating assets and the enforcement of claims have been confirmed as some of the topics being discussed by leading experts at this year’s upcoming AO Hall Biennial Fraud Conference. The island’s leading fraud conference, which takes place on Friday 26th September, will consider the complexities of catching […]

Bloomberg.com: Refco Inc.’s former Chief Executive Officer Phillip Bennett and two of his ex-colleagues were ordered to pay $671.7 million to Sphinx Providence Ltd. and its hedge funds for losses stemming from a $2.4 billion fraud at Refco. U.S. District Judge Jed Rakoff assessed the damages, including interest, against Bennett, former senior vice president Christopher […]

By Andrew Scurria Law360, Harrisburg (May 21, 2014, 7:58 PM ET) — Attorneys for a hedge fund that wisely bought a $230 million claim in the Bernard L. Madoff liquidation urged the Second Circuit on Wednesday to uphold the transaction, saying the Chapter 15 representative of a bankrupt Madoff feeder fund can’t void the sale […]

Caymanian Compass: Corporate recovery and insolvency firm KRyS Global has opened a New York office to complement KRyS Global’s offshore presence in the Cayman Islands, British Virgin Islands, Bermuda, Bahamas and Guernsey. KRyS Global USA, Inc., which opened Monday, provides a wide range of restructuring advisory and capital markets services, primarily related to complex distressed […]

Madoff Victim Fund: Update from the Special Master MVF Announces Receipt of More Than 50,000 Claims PRESS RELEASE — May 13, 2014 Richard C. Breeden, the Special Master on behalf of the U.S. Department of Justice administering the Madoff Victim Fund (“MVF”), today announced preliminary results for the first stage of the MVF claim process. […]