{"id":17934,"date":"2012-02-13T09:20:56","date_gmt":"2012-02-13T14:20:56","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=17934"},"modified":"2012-02-13T12:29:02","modified_gmt":"2012-02-13T17:29:02","slug":"bahamas-investors-bail-out-in-face-of-investigation","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/02\/bahamas-investors-bail-out-in-face-of-investigation","title":{"rendered":"Bahamas Investors Bail Out In Face Of Investigation"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-17938\" title=\"imperial-holdings\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/02\/imperial-holdings.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/02\/imperial-holdings.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/02\/imperial-holdings-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/>Two of the largest investors in Imperial Holdings have sold their entire stakes in the company, which is the target of a federal investigation.<\/p>\n<p>Federal authorities raided the Boca Raton-based company\u2019s offices in September in connection with a probe by the U.S. Attorney\u2019s Office for the District of New Hampshire. Subsequently, numerous shareholder class action securities fraud lawsuits were filed against Imperial Holdings.<\/p>\n<p>Meanwhile, some major Imperial Holdings investors have checked out. After reporting that it owned 2 million shares, or 9.5 percent, of Imperial Holdings in February 2011, Pine Trading disclosed in a U.S. Securities and Exchange Commission filing Friday that it no longer owned any shares of the company. Pine Trading is registered in the Bahamas and lists David Haring as its beneficiary.<\/p>\n<p>In another SEC filing on Friday, a three-way offshore partnership said it sold all of its stock in Imperial Holdings after previously owning 1.27 million shares, of 6 percent, on Dec. 31. That partnership consists of Bahamas-based Chase Ridge Ltd., led by Jefferson R. Voss; Joseph Lewis, a British citizen residing in the Bahamas; and a branch office of Skarbonka Sp. in Luxembourg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bahamas-based investors pulled out after federal authorities raided the offices of Imperial Holdings and numerous shareholder class action securities fraud lawsuits were filed.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[100,93,31,98,247,47,134],"class_list":["post-17934","post","type-post","status-publish","format-standard","hentry","category-business","tag-caribbean-2","tag-corruption","tag-crime","tag-financial","tag-fraud","tag-investing","tag-money"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=17934"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=17934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=17934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=17934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}