|CIFA official Mark Scotland|
CIMA belatedly appointed additional directors, to reassure the public that any Cayman investigation in financial irregularities at CIFA and FIFA, would be vigorously conducted, but to date nobody has been charged there, with the numerous diversions of money, by CIFA officers. The truth is that, where Cayman officials have relationships with local financial criminals, nobody is ever charged, let alone go to prison for their actions. Money was diverted, stolen, and converted, yet CIMA fails to take action against the players involved. Don't you wonder why ?
|CIMA Managing Director Cindy Scotland|
The Cayman Gang of Four have never been interviewed by CIMA, or by the Royal Cayman Islands Police Service, notwithstanding that hundreds of millions of dollars are missing, from the accounts of Canadian pensioners. The reasons, according to locals:
(1) Cayman Gang ringleader, Sharon Lexa Lamb, was involved in sports events with Mark Scotland, the CIFA official. The fact that his wife, Cindy Scotland, is the MD of CIMA, and also a friend of Lamb, speaks volumes about the cronyism that exists in grand Cayman, and effectively prevents CIMA from any moves to investigate Lamb, or the other financial criminals in the Cayman Gang of Four*.
|Sharon Lexa Lamb|
Remember the recent news, about how the RCIPS intentionally let the Statute of Limitations expire on more than 40 investigations ? Expect this one to be no different, however the magnitude of the losses sustained by the victims, many of whom are elderly and infirm, has started to spill over into the judicial system in Canada, which will be the subject of a separate article.
The bottom line: in the Cayman Islands, friends don't charge friends with felonies, even when richly deserved. the corruption, conflict of interest, and cronyism, trump justice there, and will continue to do so; foreign investors, seeking to place funds there, kindly take note.
* The other members of the Cayman Gang of Four are: the fugitive Canadian trader, Ryan Bateman, B & C Capital Managing Director, Fernando Moto Mendes, and former Dundee Bank CEO, Derek Buntain. Deemed to be their mentor is the Canadian securities adviser, William "Bill" Tynkaluk.
** After several months, the original assigned detective was abruptly taken off the case. Many Cayman insiders claim that this is but one of the methods that RCIPS uses to delay action against locals, moving the case from one person to another, where the individual new to the case then requires a substantial amount of time to "get up to speed," and the case fails to progress, until the Statute of Limitations run out. Over 40 cases were reportedly killed in that manner.