By David Marchant

OffshoreAlert’s recent articles about the offshore-domiciled Axiom Legal Financing Fund demonstrate the importance of financial due diligence.

By knowing where to look for information and how to interpret it properly, OffshoreAlert produced two substantial articles about red flags regarding the Fund.

Yet investors all over the world have pumped more than £117 million into the Fund and continue to do so at a rate of £8 million per month, according to its main distributor. And professional service providers in the Cayman Islands, Isle of Man, and the United Kingdom continue to do business with it, including Deutsche Bank.

So what gives? 

”Either OffshoreAlert has got it completely wrong, which would be a first, or our articles are merely the latest examples of chronic due diligence failures by investors and service providers,” says David Marchant, publisher of OffshoreAlert.

“Most of the information published by OffshoreAlert was in the public domain and, therefore, available to everybody, if you knew where to look for it and understood its significance.”

“It seems obvious that participants couldn’t be bothered to do any due diligence or they tried but come up hopelessly short. Either scenario is bewildering, given the enormous financial stakes.” 

At next month’s OffshoreAlert Conference Europe in London, Mr. Marchant will show attendees how to conduct proper financial due diligence in a session entitled ‘How to Identify Red Flags in the Offshore World‘.

The general aim of the conference is to supply providers, clients and investigators of offshore products and services with credible and up-to-date information to help them make better-informed decisions.

Complete programme and speaker details can be found on http://www.offshorealert.com/conference/Europe2012/