The Laundry Man by Kenneth Rijock ( Penguin/Random House UK)

Saturday, August 8, 2015


Apparently the Canadian financial adviser, Ryan Bateman, of Bateman Capital, and  B & Capital Ltd., on the run from Caymanian justice since 2014, is quietly attempting to sell his luxurious multi-million dollar home while on the lam. The Five bedroom home, in pricey South Sound, and located at 51 Mary Read Crescent, has been both offered for sale at now at only $1.8m ( reduced from $2.1m for quick sale), or for rent at only $11,000 per month.

Prospective purchasers might want to think twice before placing an offer, with a deposit, for credible sources in Grand Cayman say that he used money placed with him for investment to acquire the property. He allegedly co-mingled funds of funds of Canadian investors, and placed the money in his own accounts. The investors were told that their money had been safely deposited in accounts, in their own names. Therefore, Bateman's exposure is not just for the pending criminal case, but for breach of fiduciary duty, conversion, and fraud.

Considering that Canadian or Caymanian courts could order the property seized, and forfeited, to repay any investors who sustain monetary losses, it may not be a good idea to consider purchasing this home. Any individual who acquires the property at this point does so at his peril.       

1 comment:

  1. Fernando is trying to sell Ryans car on the Cayman classifieds so I guess he's still in Cayman..??


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