Kenneth Rijock (for Caribbean News Now) writes that Sharon Lexa Lamb and Derek Buntain, two of the Cayman Islands ‘Gang of Four,’ who have allegedly cheated Canadian and American investors out of at least $450 million, have added insult to injury by reportedly flatly refusing to resign as directors from the investors’ companies that they apparently hijacked when they took over client bank accounts, and passed the money on to their trader associates in the group, Ryan Bateman and Fernando Moto Mendes.
Lamb, who has reportedly been deceiving investors into believing that she was acting on behalf of either the non-existent Dundee Bank, which was liquidated, or Dundee Leeds Management, which was sold off, and is no longer in business, has been pacifying investors with a tale about how those who are complaining loudest about the Gang of Four are all blackmailers and extortionists, and not whistle blowers. It appears she can do little else but deny and delay, because another associate, Ryan Bateman, has either lost the investors’ money and/or absconded, and it appears that the Cayman Islands is embroiled in yet another major financial scandal, again with a total loss for most investors.
Kenneth Rijock is a banking lawyer turned-career money launderer (10 years), turned-compliance officer specialising in enhanced due diligence, and a financial crime consultant who publishes a Financial Crime Blog. The Laundry Man, his autobiography, was published in the UK on 5 July 2012.