Although both Mendes, and Gang of Four ringleader Sharon Lexa Lamb, both claimed that his position, at B & C Capital, Ltd., and Bateman and Company, was that of a low-level employee, the documents uncovered thus far, in the investigation of the $450m theft of investor money, prove that Fernando Moto Mendes had the preeminent role in laundering the stolen capital in the Cayman Islands. Mendes is the only member of the Cayman Gang of Four who has not fled the jurisdiction, most likely because he no longer has a valid passport from his native Portugal.
The Dundee Merchant Bank document, which was prepared at the time that the bank was inactive, appears to have been prepared by, and signed by, Mendes. The transfers shown here, which state that the Bateman company was the beneficial owner, and which were prepared by Mendes, and not someone at Dundee Bank, resulted in the theft of hundreds of million dollars by the Cayman Gang of Four. Fernando Moto Mendes' actions, on their face, constitute fraud, money laundering, and breach of a fiduciary relationship. The ultimate transfers, by Mendes, of the funds, to several other countries, including the Bahamas and the United States, also exposes him to similar charges in those jurisdictions.