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Cayman Islands fraud victim rejects counterclaim by alleged perpetrator
Published on January 26, 2016 Email To Friend    Print Version

By Kenneth Rijock

GEORGE TOWN, Cayman Islands -- Retired Canadian attorney, Lawrence Heath QC, has responded to a counterclaim filed in his Cayman Islands lawsuit against Sharon Lexa Lamb and Dundee Merchant Bank in a $450 million investment fraud scandal. Lamb alleged that Heath defamed her by assisting the media in publishing untrue information about her, damaging her reputation and damaging her business.

sharoncuba1.jpg
Sharon Lexa Lamb
In reply, Heath, through his attorney, has responded by asserting that there is no factual or legal basis for her claim. He denies any involvement in media coverage, and denies that any of the published statements or material originated with him.

Affirmatively, the plaintiff points out that there were a number of statements, which Lamb alleges were untrue and defamatory, but which were factually accurate:

(1) That there were forgeries of his signature on transfer documents given to him by Lamb.

(2) That Heath notified the Royal Cayman Islands Police Service of the loss of his money, and his concerns, after speaking repeatedly and also personally with Lamb.

(3) That Heath had told several others that he was having difficulty obtaining withdrawals from his accounts; he learned that he was not the only investor experiencing excuses.

(4) That Lamb told Heath that she wanted a document granting her complete immunity, before she would release any money to him from his accounts.

(5) That financial documents of his accounts, provided to him by Lamb, had major discrepancies.

Heath also has stated that, even if the defendant can prove defamation, he is not liable to her at law. Whether the counterclaim was filed purely for dilatory purposes, to delay the entry of a final judgment on the plaintiff's claim, which alleges a criminal breach of Lamb's fiduciary responsibility, will be decided by the court in the course of the proceedings.

According to the co-defendant, Dundee Merchant Bank, Lamb was fired by the bank more than two years ago, but she continued to hold herself out as a bank officer, and actually answered the defunct bank's telephone with "Dundee", misleading callers as to her apparent authority.

It was during that time that over $450 million was transferred to the control of the fugitive Canadian stock trader, Ryan Bateman, who held out to US and Canadian banks that the money was his, as verified by Lamb posing as a Dundee bank officer.

Kenneth Rijock is a banking lawyer turned-career money launderer (10 years), turned-compliance officer specialising in enhanced due diligence, and a financial crime consultant who publishes a Financial Crime Blog. The Laundry Man, his autobiography, was published in the UK on 5 July 2012.
 
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