Topic: bankruptcy

The administrators of collapsed crypto exchange FTX and related companies have claimed in a court filing that most of the group’s customers are from the Cayman Islands.

In May 2013, Velma Powery-Hewitt ran for legislative office in West Bay, finishing fifth in the four-member district. The winners included fellow United Democratic Party candidates McKeeva Bush, Bernie Bush and Eugene Ebanks – as well as one independent candidate, Tara Rivers, who would go on to join the Progressives government in a ministerial position.

Two Cayman-registered Platinum Partners hedge funds filed for U.S. Chapter 15 bankruptcy protection in a New York federal court last week.

John Gordon Hewitt and Velma Powery-Hewitt are to appear Thursday afternoon, July 21, for bankruptcy proceedings amounting to nearly $140,000 related to a 2013 courtroom battle establishing Minister Tara Rivers’s eligibility to stand for elective office.

The U.S. Securities and Exchange Commission’s Office of Inspector General is evaluating a perceived lack of coordination involving the commission’s case against Caledonian and several other cases with overlapping factual circumstances.

The Caledonian building and solar car park in George Town has gone on the market as its liquidators attempt to recover some cash from the defunct company to pay off its creditors.

Grand Court Justice Ingrid Mangatal on Thursday morning continued bankruptcy proceedings by Minister of Education, Employment and Gender Affairs Tara Rivers against John Gordon Hewitt – and wife Velma Powery-Hewitt – until Thursday June 2.