“One of the largest Ponzi schemes in history”: Landmark Cayman ruling dismisses multi-billion dollar AHAB fraud claims
Grand Cayman (Credit: iStock.com/JodiJacobson)
The Cayman Islands’ Grand Court has dismissed billions of dollars’ worth of fraud claims brought by Saudi Arabian conglomerate Ahmad Hamad Al-Gosaibi & Brothers, along with a series of counter-claims made against the group, after “the longest running and highest value” fraud case in its history.
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