Author: Marketing

Originally posted on Reuters NEW YORK (Reuters) – A U.S. federal appeals court said the trustee liquidating Bernard Madoff’s firm may pursue dozens of lawsuits to recoup funds from defendants including Koch Industries Inc, long controlled by the billionaire brothers Charles and David Koch, and major banks. Monday’s decision by the 2nd U.S. Circuit Court […]

Originally posted on Corporate LiveWire In this roundtable the panel of seven experts in fraud & white collar crime discuss the latest regulatory changes and interesting developments on a local, regional and global scale. We discover which fraud & white collar crime trends prosecutors will focus on in 2019 whilst also addressing other prevalent topics […]

Now that everyone has had a chance to recover from the Cayman Islands Marathon in December, it is time to set sights a little higher … or longer, as such. The Off the Beaten Track 50K Ultra-Marathon is happening this Sunday, taking a route across some uncharted territory to add an extra challenge and element […]

Issue: KRyS Global was engaged as an independent expert by counsel for a regulated financial institution that suffered substantial losses after it was forced into a court supervised insolvency process following temporary freezing orders covering more than $400 million in assets. Ultimately the court appointed liquidators advanced claims against the company’s former legal counsel alleging […]

National Magazine Award finalist Mackenzie Funk tells the story of Sextant, two funds in the Cayman Islands that KRyS Global investigated on behalf of the regulator and subsequently liquidated. Cover photo by Chris Marquardt. Originally posted at https://www.decastories.com/glaciers-for-sale/ The Canadian dentist behind what may or may not have been the world’s first global-warming Ponzi scheme […]

Kenneth Krys was recently invited by ReOrg Research to answer questions on Fairfield Sentry ten years after the Madoff disclosure of the Ponzi scheme. The podcast episode with Ken’s interview is now available for listening and sharing on SoundCloud (link) and iTunes (link). Reorg subscribers also now have access to a copy of Ken’s article. […]

KRyS Global is pleased to join many of its colleagues onshore and offshore to raise its concerns with the National Bankruptcy Conference’s proposal to amend Chapter 15 to provide that a debtor’s center of main interests (“COMI”) should be determined as of the date of the commencement of the underlying foreign proceeding and not as […]

Originally posted on Financial Post Bernard Madoff 10 years ago this week confessed to running a massive Ponzi scheme that defrauded investors of billions and billions of dollars. The wave of litigation that followed has still not completely receded, and at least one lawsuit has fallen into the Canadian court system. Why this is the […]

On December 6, the United States Bankruptcy Court for the Southern District of New York issued a decision allowing the 305 adversary proceedings brought by the Joint Liquidators of the Fairfield Funds. Following the collapse of Bernard L. Madoff Investment Securities LLC (“BLMIS”), Sentry, the largest of the BLMIS “feeder funds,” and Sigma and Lambda, which […]

Great job by the KRyS team in the Guernsey office, who took time from their busy schedules to do a makeover of the Hub for the Youth Commission for Guernsey and Alderney. The Guernsey team brightened up one of their meeting rooms, by repainting it. The Hub team intend to invite a young person to […]