The Cayman Islands Monetary Authority has reportedly ordered B & C Capital, Limited to undergo a forensic audit of the company's books. The audit must be conducted by a qualified individual or entity, who must be a disinterested thirty party.
Since Ryan Bateman, the former Managing Director fled the jurisdiction, to avoid prosecution the designated contact person at B & C has been Sharon Lexa Lamb, age 50, who is one of the group of Cayman financial service officers accused of serious financial misconduct in what has come to be known as the Gang of Four scandal. Lamb was named, in writing, by Northland Wealth Management, Inc., as the sole person responsible to its investors for the return of their capital, and securities, though she is neither an officer, nor staff member. Under what authority does she claim to act ?
Victims of the fraud have reportedly consulted with counsel, regulators, and law enforcement agencies, in their efforts to obtain a refund of their money, and to seek justice, with respect to the conduct of the Gang of Four.