BAHAMIAN broker/dealer yesterday told Tribune Business it had “fully cooperated” with investigations into a securities fraud that saw $25 million flow through its bank accounts, rejecting accusations it had ‘misled’ its correspondent Canadian broker over the beneficial ownership of several accounts.
Owen Bethel, head of the Montaque Group, whose Montaque Capital Partners arm is in the process of being placed into Bahamian Supreme Court-supervised liquidation over unrelated matters, told Tribune Business that Global Securities Corporation had always known that he and Edison Sumner were the beneficial/registered owners of nominee companies used as the ‘beneficial owners’ of brokerage accounts his firm established with the Canadian company.
