BATEMAN FINANCIAL LTD & ORS RE: CAYMAN iNEWS APOLOGY & RETRACTION
Further to this matter we have now been asked to take out the letter asking us to remove the offending article together with the Schedule. This is the FIRST time we have been asked to do so and we are very pleased to comply.
BATEMAN FINANCIAL LTD,
BATEMAN & COMPANY LTD & B&C CAPITAL LTD (THE “COMPANIES”),
THEIR DIRECTOR MR RYAN BATEMAN (“MR BATEMAN”)
AND THEIR EMPLOYEE MR FERNANDO MENDES (“MR MENDES”) RETRACTION AND APOLOGY
In our 21 July 2015 Edition Cayman iNews published two articles (the “Articles”) namely:-
“Ryan Bateman fugitive from Grand Cayman hunted by Bounty Hunters In USA” “Alert issued for fugitive Cayman Islands fraudster hiding out in Miami”
Cayman iNews now accepts that the Articles contained negative and damaging allegations and imputations regarding the Companies, Mr Bateman and Mr Mendes. We also accept that the allegations and imputations were and are wrong in their entirety.
We unreservedly withdraw and retract those allegations and imputations. We apologize for any hurt, harm or embarrassment our publication of the Articles may have caused to the Companies, Mr Bateman or Mr Mendes and their clients.
Where there’s smoke…..?
How does CIMA allow these brokerage firms to operate? The owner, Ryan Bateman is a fugitive from Cayman and is still allowed to operate his business from onshore by ******* client funds…. and he has been doing this for years. He has a $1.8 million house for sale at 51 Mary Read Cres. in South Sound.. also bought with ***** money.. and no charges…. unbelievable… is anyone awake over there?
The retraction is for the reason that it, strongly suggests that the company was involved in absconding money from it’s clients, which is not the case..No lawsuit has been brought by disenfranchised clients, other than the complaint of slow timing of transactions and high fees..no different than any fund management.
The fugitive results from a domestic assault charge, and not showing up after a $1500 bond was posted.. $1500 dollar bail is hardly an indication of a serious criminal offense.
One of the companies employees is being investigated for running an illegal operation, using his own company but under the disguise of Bateman Financial..Again that has to be sorted out, but doesn’t involve Bateman Financial.