Two UK citizens have been accused of fraud and racketeering in a US court case about a Ponzi scheme spanning three continents.
Stephen White and Martin Kinsey are on a list of several advisers accused of working for Montague Morgan Slade (MMS) through a Dubai-based advisory firm called ExPat Solutions. According to the court summons filed in New York in April, MMS posed as an investment manager and hedge fund administrator. Plaintiffs claimed there were no funds and the company does not exist. Instead it attracted investment from clients via advisers, which has not been returned. White and Kinsey, neither of whom have ever been registered as advisers in the UK, deny the claims against MMS. The summon...
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