When investors placed a call to Sharon Lexa Lamb, in Grand Cayman. to get immediate access their funds, when needed, they were often given flimsy excuses, most of which could not withstand any serious inquiry. The reason for this is because the Cayman Gang of Four were covertly trading with their money, without their permission, and needed time to come up with some cash from somewhere; the classic indicator of a Ponzi scheme close to implosion. Robbing Peter to pay Paul.
The most common excuses the clients received from Miss Lamb:
1. "Your money is clearing at Butterfield Bank." Any investor with even a small amount of banking experience knows that funds on deposit were long since cleared, unless the Gang of Four had just recently deposited money, to meet the clients' demand for cash. These were represented to be individual accounts, titled in the investors' own names; There were no such accounts.
2. "Butterfield Bank wants details on Source of Funds for the money you want to withdraw and/or the identity of the Beneficial Ownership of your corporation." Utter nonsense; compliance officers require such information at account opening, or when deposits are made, NOT when the money is coming out. Also, Lamb and co-fraudster, Derek Buntain were the directors of the clients' companies, and well known to the bank.
Of course, we must remember that Sharon Lexa Lamb was very astute in misrepresentation of material facts, when it came to Dundee Merchant Bank ( a/k/a Dundee Bank) and Dundee Leeds. She actually had the gall to answer the telephone " Dundee Leeds," when a rudimentary Internet search would immediately confirm, on the firm's own website, that it was out of business; It had beEn sold off.
Lamb also sought to pacify, and deceive callers, by inferring that Dundee Merchant Bank still existed, and that the victims' money was safe. in truth and in fact, the bank was in liquidation, had no assets, nor accounts anywhere, and its small physical location was closed.
Why was Dundee Bank in Grand Cayman liquidated ? Some sources say it was ordered to do so by Canadian banking regulators. We surmise this because the bank only had a Class B license, which required an international bank as a functioning parent entity, and Dundee Bank in Canada had been sold, years before.
Lastly, Miss Lamb appropriated the Dundee Merchant Bank telephone number, so that she could field calls going to her, in a small office in Grand Cayman, and pretend that all was well, when the sky was literally falling in upon the Cayman Gang of Four, with Ryan Bateman a fugitive, Derek Buntain missing, and Fernando Moto Mendes, a known bad apple, purporting to be the new Managing Director of B & C Capital, the shell company trading, and losing, client money, $ 450m or more.