Category: Press

KRyS Global, a firm dedicated to fraud investigation, dispute resolution and corporate recovery, is expanding its reach into the U.S. Market with the launch of a New York office on Monday 12th May 2014. KRyS Global USA, inc. will provide a wide range of restructuring advisory and capital markets services, primarily related to complex distressed […]

BVI Beacon: The decision from the territory’s highest court may severely reduce the amount of funds that fraud victims recover. The insolvency firm KRyS Global, which has a VI office, is the liquidator of three VI-registered feeder funds: Fairfield Sentry, Fairfield Sigma and Fairfield Lambda. The funds’ investors lost an estimated $6-$7 billion, according to […]

16 April 2014 Fairfield Sentry Limited (in Liquidation) (Appellant) v Alfredo Migani and others (Respondent) [2014] UKPC 9 On appeal from the Court of Appeal of the British Virgin Islands JUSTICES: Lord Neuberger (President), Lord Mance, Lord Clarke, Lord Sumption, Lord Toulson BACKGROUND TO THE APPEAL Bernard Madoff and his company BLMIS operated what was […]

Bahamas Tribune:  KRyS Global, the insolvency and forensic accounting specialist, has added Michael Schulz to its Bahamas office. Prior to joining KRyS Global, Mr Schulz worked in the advisory department of a ‘Big Four’ accounting firm in Germany, the Cayman Islands and the Channel Islands. His career began as a turnaround consultant, advising investors and […]

Tribune 242: The joint liquidators for Owen Bethel’s insolvent Montaque Capital Partners currently possess just $196,238 in liquid assets to cover total creditor claims of $17.5 million, it has been revealed. The third report to the Supreme Court by accountants Ed Rahming and Kenneth Krys, of the KRyS Global accounting firm, discloses that $1.542 million […]

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 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. […]