$ 19 Million Settlement Reached in Canada USA Hedge Fund Case settlement with Cayman Islands company

Jan 31, 2008 Full story: www.law.com 162

... Offshore Fund. In November, a federal grand jury handed up an indictment charging Eustace, now of Oakville, Halton, GTA Greater Toronto Area, Ontario, Canada, with commodities fraud.

Eustace is currently in Canada and has not yet agreed to surrender to U.S. authorities to face the ...

Shannon P. Duffy The Legal Intelligencer February 1, 2008 The court-appointed receivers for a defunct King of Prussia, Pa., hedge fund that allegedly defrauded its clients out of more than $200 million have struck a $19 million settlement with a Cayman Islands company that served as the fund's administrator....

Halton Region The settlement with UBS Fund Services comes on the heels of a $75 million settlement struck in December with Man Financial Inc., now known as MF Global Inc., which served as the merchant for the hedge fund.

Full Story
ryerson guy

Mississauga, Canada

#22 Mar 17, 2010
we can exchange experiences
dear.tom at hotmail dot com
U of T

Mississauga, Canada

#23 Mar 18, 2010
I met him. Thought he was cool...He told me about stuff and then disappeared, last I heard it was at the Don and he is still there.
Josef

Mississauga, Canada

#24 Mar 18, 2010
February 26th, 2010 Article has Doctors apology to Walter Garrick and his family.

The Globe and Mail Article December 19, 2009, he was sentenced to four months but he had to turn himself in...He did and the case was dismissed without him going to jail. So the article was not accurate, plus Dr.Rahim Valani apologized after saying that his family tagged teamed him to steal money from him....Dr. Valani apologized publicly.

Judge Spence, Judge Campbell, Judge Strathy, Judge Alison Harvison Young all found Walter in contempt of Superior court because it was proven he has a lot of money in offshore accounts.

They proved he has trust accounts and thats how he paid for expensive cars, Porsche, Aston Martin, Bentley, BMW X5 and how he paid for the plane and his life but he refused to give the account numbers. They got his account information for all the money that came into his account in one month and it was over 540 thousand.

Then it was dismissed by the Doc with an apology from the Doc.

The Star Article July 2009,he conned the CT real estate company was thrown out in 15 minutes. He did not answer any questions. He qualified for the house at 14m but the house was listed at 28m. The house sold for 14m.

The case with the other charges are mostly gone but he still has some charges left. He can go anywhere and do anything but he cant do any investments except in his own name according to his bail.

I dont know where he is now.
Oakville Resident

Kanata, Canada

#26 Sep 15, 2010
First of all, Walter loves posting on message boards like this....as other people.

I'd be surprised if he isnt still in the Toronto jail....but he must be out considering all the posts defending him on this board.

The man is a certified wacko....he actually thinks he is who he says he is.

He has no money. He lives with his parents. He stole money from families with children.
Tdot dude

Melbourne, Australia

#27 Sep 16, 2010
So how many other dudes did Walter (ben) chat to endlessly on the phone and have nothing come to fruition?
Neighbour

Oakville, Canada

#28 Dec 27, 2010
I googled his name and when this article comes up . It reads 20 posts one author. Which means 20 of the 26 posts are by the same person pretending to be different people and are negative.

I know exactly where he resides and I know it's not with his parents but I am looking to find out more. He is relatively new to the neighborhood . Property taxes are on average 30 thousand a year. What did he do? I can't find any info of conviction?! How long ago was it.?
Oakville Resident wrote:
First of all, Walter loves posting on message boards like this....as other people.
I'd be surprised if he isnt still in the Toronto jail....but he must be out considering all the posts defending him on this board.
The man is a certified wacko....he actually thinks he is who he says he is.
He has no money. He lives with his parents. He stole money from families with children.
ryerson

Toronto, Canada

#29 Jan 30, 2011
hey jay he goes by ben or watever i dont get him at all i have known him a while he is crazy a i know why he talked to u for that long wink
Josh

Mississauga, Canada

#30 Feb 4, 2011
He is good looking in amazing shape and probably too smart.

I spoke with him for four months. Missed plans and appointments , missed plans. Then we finally met.

Then the bomb dropped. I met his family , his grandparents. Went to his house.

Then he came through and disappeared.
Dude if you read this . No one cares about your shit. I didn't need the hassle but your a cool dude.
I can't speak for anyone else but you are obsessed with revenge . That must suck!
Toronto

Mississauga, Canada

#31 Mar 18, 2011
Do not trust this man, unless you enjoy becomming entangled in an elaborate web of lies.
Corey

Mississauga, Canada

#32 Mar 19, 2011
Things don't add up? He came through for me. I have a home today and I'm debt free because of Walters advice and help
old girlfriend

Burlington, Canada

#33 Apr 19, 2011
Walter is a con artist and is dangerous....:he's been a con since highschool and did attack me...and has attacked boyfriends of mine after ourr relationship ended....he is such a sly talker he even "conned" the cops to NOT believe me when I went to them for help...
Maria C

Mississauga, Canada

#34 Apr 21, 2011
I remember you. I went to the station with Walter and we were there when the officer got a call from you , that walter was at your house trying to brake in.
Walter was free to go but he stayed at the station until our friends confirmed his whereabouts and that he was with them and his new gf not you.
They were going to file charges of mischief against you but Walter declined.
I guess you still didn't get help 15 years later.
Walter Update

Richmond Hill, Canada

#35 Jun 24, 2011
Hi

I saw Walter last month in Oakville.
He's running a small lawn maintenance business cutting grass for seniors and living at this parents house.

He had alot of potential but went down the wrong path. Hopefully he's straightened out, and can change his life.
Maria Croz

Canada

#37 Jul 13, 2011
Walter doesn't live with his parents . Walter does not own operate , run any business in Canada . Walter is at his family cottage . The charges against him mostly dropped off before trial .

No Argonauts agreed to what was written . Dr. Valani apologized. We are searching ip addresses to find out who is writing these lies so his family can sue you. You will be found!
Another Victim

Toronto, Canada

#39 Oct 17, 2011
Walter GARRICK is a CROOK just like his father whom fully knows what his son does and assists him in his scams. If you know of any one interested in pressing charges and taking him to court to face some serious charges with def. Jail time pls post our email addy so that I can proceed forward with this lawsuit.

“Right click Left click Yay!”

Since: Dec 10

Nehwon

#42 Oct 26, 2011
FTA:

"Shannon P. Duffy The Legal Intelligencer February 1, 2008 The court-appointed receivers for a defunct King of Prussia, Pa., hedge fund that allegedly defrauded its clients out of more than $200 million have struck a $19 million settlement with a Cayman Islands company that served as the fund's administrator...."

Let me put on my business hat...

Collect 200 million but only have to pay 20 million in fines?

Well, I think it's time to start looking into being a hedge fund manager. And when it's time to skip town, I'd head for a country that doesn't have an extradition treaty with the US.

Rob a bank with a gun for 100 dollars and you serve more time than robbing people for a million dollars with a pen.

And then compare the prisons for the former versus the latter.
Who Knows

Toronto, Canada

#44 Oct 31, 2011
1. Walter does not own any business in Canada.
2. The business he did run was handed off and downsized with office space at First Canadian Place.
3. Any holdings he does have are held in a trust as evidenced in the Valani matter.
4. Walter refused to negotiate terms of his bail and opted instead to go to trial on three matters and won , with dismissal, withdrawals or in one case an acquittal as his accuser was also found to be guilty of perjury.
5. Walter cottages with his family on the same lake as we do.
6. I know that given his issues he has been late when he owed me returns but I let it go. He paid me exactly what he said he would , no lawyers, no police, no threats.
7. The advice he gave me when I checked it with others it was great and he was right on four matters. It took eight months but it changed my financial circumstances for the better
8. I am a broker so I do know about Nyppe and its ownership is sheltered so who knows?

“Right click Left click Yay!”

Since: Dec 10

Nehwon

#45 Oct 31, 2011
What a strange thread this is. Lots of red flags being publicly waved all about on both sides.
lol

Toronto, Canada

#46 Nov 2, 2011
Hmmn
hmmm

Guelph, Canada

#47 Nov 6, 2011
what happend to the comments that walter said he owned an office on the top of the BMO building? thats weird that of all these comments those ones were deleted.

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