ON MAY 20, 2005 by order of the Grand Court of the Cayman Islands (Madame Justice Levers presiding) Messrs. Krys and Stride were appointed as Joint Official Liquidators (“JOLs”) of the SEGOES.
Mr. Krys upon being appointed as the JOL was provided by Mr. Kaweske with an affidavit and un-refuted evidence identifying Mr. Myron Gushlak’s involvement to defraud the clients of SEGOES. This is not the first time Mr. Gushlak has defrauded clients of investment firms. Anyone can research his previous activities and the more than ten investment firms that have various complaints and actions against Mr. Gushlak in the United States and Canada for similar types of fraud.
One of Mr. Krys’s first tasks after being appointed as the JOL was to hire legal counsel that was supposed to be independent and non-conflicted. Whom did Mr. Krys retain? He retained the services of Campbells, Attorney’s at law. Campbells was also the law firm that represented Mr. Myron Gushlak for several years, advising him on the formation of various offshore companies that were utilized in his previous frauds. How is it that Mr. Krys, a supposedly unbiased person in a Country where there are more lawyers than Banks retained the services of the same law firm as Myron Gushlak? A man who was even arrested for fraud in the United States
Another of Mr. Krys’s tasks was to retain a law firm on behalf of the creditors. Mr. Krys sought the services of Mr. Peter Broadhurst attorney at Law. Mr. Broadhurst was the previous counsel for SEGOES and formed, SEGOES Holdings Ltd. and advised the Company on general business affairs for the last two years. In countries such as United Kingdom, Canada or United States this would clearly be a conflict of interest.
Most recently, the JOL’s created a liquidation committee to advise them on the liquidation of SEGOES. The roster of this committee is unfortunately just as disturbing as Mr. Krys’s behavior. Mr. Myron Gushlak and his partner Gene Hoffman have been appointed, the creators and beneficiary’s of the scheme that defrauded SEGOES and its customers. Michael Moyual was arrested in Canada for fraud is also on the committee. Alan Carlise, the previous Operations Manager of SEGOES, owes SEGOES money however he filed a fraudulent claim to be appointed to the committee. It appears the only legitimate person on the committee is Jack Benz.
Mr. Krys has clearly demonstrated that he believes he his above the law and can act in any manner he desires. He has shown no discretion for ethics.
In a conference call on June 27, 2005 Mr. Krys verbalized his desire and intent to treat all SEGOES clients the same, both the Fully Disclosed Accounts and the Pooled Accounts. Fully disclosed customers provided information to the custodian of their assets, First Southwest specifically to segregate their account and to be provided additional protection and security. Fully disclosed customers have rights in the United States. There is an upcoming hearing in the United States bankruptcy courts on July 14, 2005 whereby Mr. Krys is attempting to take control of all the Fully Disclosed Accounts.
Some Fully Disclosed customers have retained legal counsel in the United States to prevent this. One particular fully disclosed customer, threatened legal action against First Southwest and they released his funds. One thing is certain, if you are a fully disclosed customer, you need to retain US legal counsel immediately to represent you in the hearing on the 14th of July.
One most only ask, who would benefit the most if all accounts were to fall under the control and guise of Mr. Krys. The answer of course, Myron Gushlak, the criminal who created this fraud against the real creditors of SEGOES.
Sincerely,
Fellow Creditor
posted by Etym @ 12:54 PM
0 comments
