|Paul Mascard of Northland|
|Sharon Lexa Lamb, Ryan Bateman and Derek Buntain|
The matter, popularly known as the Cayman Gang of Four scandal, is believed to have as many as sixty victims, whose investment accounts were stolen, by Cayman Islands-based financial professionals, aided and abetted by Northland Wealth Management, and William Tynkaluk, a director at Leon Frazer & Associates, Inc.
|William Tynkaluk of Leon Frazer|
Northland's utter failure to comply with the rules of procedure may cause it to suffer the entry of a default in the litigation, the award of costs, or the imposition of other sanctions. It may also spur the plaintiff, or the Court, to forward the matter for criminal prosecution, for the allegation is that millions of dollars of the plaintiff's retirement savings is missing, and Northland not only will not assist in the quest to locate the assets, it reportedly will not even reply to queries and correspondence from counsel; it has stonewalled all efforts to find the truth, which usually indicates that it is strictly liable, and is merely seeking to delay the proceedings further. This is what is known as bad faith conduct in litigation, and there are remedies for this type of misconduct.