“It is curious that physical courage should be so common in the world and moral courage so rare.” — Mark Twain

Dear Friends and Supporters,

As the world prays for peace in these troubled days, so do we. Our little — giant — battle continues. We hope, in both the world stage and in our fight to uncover what experts have already named one of the biggest frauds revealed in the financial industry — Fictitious Trading — that reason, compassion, and justice may prevail.

Last week brought important news. Tom Hayes, a former UBS trader who endured five long years in prison, is now seeking redress — filing a damages claim for $400 million against UBS in Connecticut. We rejoice in his determined fight and we wish him the best; We hope his claim will be fully vindicated and that it in some small way eases the injustice he endured. His courage is both a warning and a light — a reminder that the human spirit, though battered, can still stand tall before power. We send him and his legal team our most heartfelt wishes for victory.

Meanwhile, UBS itself appears to be making a move toward relocating in the U.S.. Whether that is good or bad, we believe it can hardly become worse than it has been so far.

As for us: at our hearing on 30 October 2025, we asked, one more time in seven years, whether the Securities Commission of The Bahamas (SCB) would finally be compelled by the Court to disclose information that, under both its old and new laws — including the Securities Industry Act 2024 (Section 187)— it is obligated to make public. We have been fighting to obtain this information for many years; in other jurisdictions this would be available with a single click.

In a grotesque legal maneuver, SCB’s counsel claims the new law preserves the old law’s rights—implying they historically had a right to conceal public data. They provided no authority for this astonishing claim. While such records are public everywhere else, we’ve spent eleven years seeking eleven individuals’ data, a third of whom are deregistered and the rest untraceable.

And the grand encore: UBS (Bahamas) Ltd., declared in voluntary liquidation since 2015, and Credit Suisse Nassau Branch are both still listed as registered entities in the Register General, yet they have been deregistered by the SCB with no trace on its website — even while litigating with us. It appears we are facing a new event – at SCB in the Bahamas, banks can apparently be dissolved and alive at the same time.

These questions now rest before the Hon. Madam Justice Carla Card-Stubbs. As always, we trust that justice — and simple common sense — will prevail.

Please share this post, and if you have not yet done so, sign and share our petition to help shine light into these long-protected shadows.

“Hope is not the conviction that something will turn out well, but the certainty that something makes sense, regardless of how it turns out.” — Václav Havel

With gratitude, compassion, and an unbroken smile,
Irina