“Justice will not be served until those who are unaffected are as outraged as those who are.” — Benjamin Franklin
Dear Friends and Supporters,
I hope all is well! Greetings from our island, which yesterday went under heavy rain and the electricity went off — those are dear rare moments when you are reminded you are not on the mainland, yet disturbing a bit since I can publish this article only today. Hope this will only add the ocean’s charm and strength to what is revealed below.
On 1 September 2026, a 17-day countdown began. The seventeen-year institutional torture inflicted upon our family, as recorded on this website, lastly in this my article 17 – 17, published on 1 August 2026.
On 17 September 2026, UBS — the Financial Crime Recidivist,as documented in this article, UBS: A Historic U.S. Enforcement Action on Emancipation Day – 3 August 2026 — seeks to force the under-market sale of our family home, Jazz House, in Lyford Cay.
Our trial is fixed for 30 November -10 December 2026 — only 74 days later.
After twelve years without our substantive claims being heard, the trial is finally approaching. The Court’s unappealed ruling of 8 May 2023 delivered by the Chief Justice of The Bahamas, Sir Ian Winder KC, Kt. found UBS’s “inordinate and inexcusable delay” and that the Plaintiffs had been deprived of a trial (see paragraphs 32 and 34 here).
The house.
The judgment.
The fraud application.
The appeal.
The trial.
And, behind all of it, the evidence.
Yesterday’s article – TWO LEGAL TEAMS, ONE TARGET: Why Is the State Fighting Us Instead of Examining UBS? – 21 August 2026 – exposed the Attorney General’s office moving against us instead of prosecuting UBS, summarized below. Today, we expose the sale application. The full details can be found in my Affidavit filed on 18 August 2026 in reply to UBS.
This is the ultimate confrontation in a legal battle launched exactly twelve years ago, in 2014. The forensic accounting record demonstrates the absolute legal truth: UBS has never obtained a lawful foreclosure order under the strict mortgage rules of the Civil Procedure Rules (CPR). To do so, they would have been forced to face our primary transaction data in an open Court hearing on the substantive merits—an exposure they have avoided for over a decade. Instead, they are attempting to execute an asset liquidation using a 2015 summary possession order upheld on appeal on one narrow point, that stands accused of being obtained by a profound fraud upon the court.
Why? Two main reasons.
Firstly, because it was never a mortgage. It was an investment product — a five-year Real Estate Collateralized Loan, issued in September 2012.
The Central Bank of The Bahamas released the licence only in May 2013 — nine months later — and it was explicitly stated: for non-residents buying a second home, not for residents using their primary dwelling, where they were living with six little children, as collateral for investment activity exclusively with UBS.
Pretty in line with UBS’s overall behaviour — even after it was interrogated by the US Senate in February 2025, about which I wrote here, and lost its ridiculous case — this article of April 2026. And yet? Unbelievable. It is as if they said: “We will not disclose any Holocaust Victims’ accounts!“
Secondly — and most importantly — the Fictitious Trading Scheme uncovered. This is the evidence UBS has fought for twelve years to keep hidden. More details are set out below.
This explains, at first face, why UBS is attempting to execute an asset liquidation using a 2015 summary possession order —which was not upheld on the merits but on one narrow point — that stands accused of being obtained by a profound fraud upon the Court.And this allegtin hve nbever been tasted in the twelve years of the court.
The Center of the Litigation: Fictitious Trading Scheme — The Evidence They Do Not Want Tested
At the centre of our case is Fictitious Trading. This is what UBS fears more than anything else.
During these years of litigation, we have obtained proof of this massive fraudulent scheme — evidence that, once examined by the Court, will impact the global financial world. All people, like you and I, will benefit. Financial criminals will lose a significant part of their revenue. For more details, please see this report.
The Interlocutory Trap and the Security for Costs Bar
The timing of this emergency sale application—exactly 74 days prior to our absolute trial on the merits set for November 30, 2026—is purely strategic. Under local civil rules, if an international litigant is stripped of immovable property within the jurisdiction, the opposing party can move for a Security for Costs order. By liquidating our home at a manufactured under-market appraisal of $3 million against its true at least $5 million value (recent sales and $20 million development potential), UBS, the Financial Crime Recidivist, intends to build an insurmountable financial barrier to freeze us out of our litigation seats before our evidence ever been examined by the court.
To pull off this maneuver, the UBS Bahamas’s liquidator partner, Lena Bonaby, has submitted radically conflicting sworn testimonies to the judiciary. Among which the –
House Price Manipulation
The property valuation history is extraordinary.
The Artificial Collapse: On September 15, 2023, she filed an uncertified real estate appraisal valuing our home at a fraudulently depressed $1,015,000, deliberately concealing three independent, certified appraisals valuing the asset at $3.7 Million.
The Sudden “Growth”: On June 2, 2026, once that uncertified valuation was legally exposed, she reversed course and submitted a certified appraisal of $3,000,000—a calculated 195.6% variance within 32 months designed to manipulate the court into an immediate sale
Today — Approximately $5 million And with a development project: Approximately $20 million And UBS would not allow our certified appraisers to inspect the property.
Three Unresolved Matters — and The Trial Approaches
1. Committal Application — filed 28 June 2017 – Our application concerning perjury by UBS’s representatives, contained in this Affidavit, filled on the same date, remains unheard.
2. Fraud Application — filed 21 February 2024, supported by this Affidavit filed on 9 September 2025 and Affidvait in support filled on 6 October 2025, we seek to set aside the 23 March 2015 Summary Judgment Order on the ground that it was obtained through fraud, perjury, concealment and material procedural irregularities.
2a. The 15 October 2025 Hearing — Vacated
The hearing of the Fraud Application on 15 October 2025 was vacated when respected, world-famous members of the public came in our support: – Lucy Komisar — an international financial crime investigative journalist who broke the report about Fictitious Trading and our case on 10 August 2024. – Professor James Henry — one of the most respected authorities in the world on money laundering, corruption, and tax justice; Harvard graduate and Yale lecturer.
The hearing has been postponed until the Judge delivers her decision on our appeal regarding public presence in the courtroom. The connection is hard to understand, but all we can do is wait.
3.Leave to Appeal and Stay against the 4 March 2025 sale order – The appeal was heard on 23 July 2025. No decision has been delivered.
And then there is the fourth matter: THE TRIAL — 30 NOVEMBER–10 DECEMBER 2026.The substantive claims have finally been set down for a two-week trial. The evidence accumulated over seventeen years has yet to be heard on its merits, and to which UBS has no answers.
So why UBS is rushing to sell the home now? The answer is only one: to protect UBS and to let it escape accountability.
The State Interventions and the Davis Default
Fully described and documented in the 31 August article.
In brief:Concurrently, the Office of the Attorney General has stepped in with unprecedented public resource allocation. During our 21 August, 2026 chamber hearing, the state arrayed two state attorneys, and the UBS’s lawyer against one pro se mother to brand our 12-year pursuit of justice as “vexatious”. This massive campaign resulted in an adjournment to October 21, 2026, wasting thousands in public funds to insulate a bank that was hit on August 3, 2026, by FinCEN with a historic $125,000,000 penalty as a “recidivist financial institution”.
The absolute contradiction of the state’s intervention lies in Action 2018/CLE/GEN/00229. The Attorney General is spending public money to defend Jack Davis, the retired former bailiff who directed our violent extrajudicial eviction, the first minute of this video says it all. Davis never entered an appearance or defense for four consecutive years,since 2018. We secured two separate default judgments against him while the state remained silent. It was only two years after the Court issued a Final Judgment Order for $1,045,800.00 on 3 March 2022 — and despite never having entered an appearance — that the Attorney General finally stepped in to retroactively subvert a final judicial order.
The Attorney General ignored our formal pleas for intervention in 2017 and 2024. Today, the State deploys its resources against us — while the bank’s lawyer sits beside them in court — to suppress a $28 million claim in The Bahamas, which includes clear and unanswered illegality concerning Central Bank and Securities Commission licensing and to prevent exposure of the multi-jurisdictional Fictitious Trading Scheme.
THE STRATEGY OF EXHAUSTION
This has not been ordinary litigation. It has been seventeen years of fighting for the right simply to have our evidence heard.
We have appeared pro se through much of this battle. In January 2026, I faced six hearings in ten days. Our substantive case has remained unresolved for twelve years. The Court itself described UBS’s delay as “inordinate and inexcusable.”
And the human cost has been enormous.
We lost our home on 27 February 2018 and became literally, technically homeless. Our children lost their childhood. We lost my Mother, the Holocaust Survivor, as a result of UBS’s lawyer’s “technic” — delivery of the Possession Order on a Saturday, at 6:30 AM, in our home. We lost years of family life, our ability to trade, and our livelihood. And we were forced to fight an overwhelmingly powerful financial institution without the resources available to it.
Jazz House Is Not Just A Property
Jazz House was our family’s first and only home in The Bahamas. We lived there for more than ten years, . Six children grew up there, and our youngest child was born here to the joy of allof us. . It holds the memories of their childhood and of their grandmother, Nathalia Litvak, a Holocaust survivor. The photographs tell this story better than I ever could.
This was not an investment property to us. It was home.
On 27 February 2018, our family was evicted. We became literally homeless with six children in a foreign country, where we have no rights to be engaged in any gainful activity, as by our immigration status.
If it were not for the solidarity of the Bahamian people, we would not have survived. We changed homes ten times in the first years, filing applications and being helped by all sources of good and honest people, finally landing in the home where we have now lived for six years without paying a penny — receiving an unseen, unheard support.
The Bahamas is not corrupted more than any other so-called “developed” country. The drama is that a little bunch of criminals hold power, manoeuvre strings, and oppress its own population. But The Bahamas is beautiful. Most of the Bahamian people are real truth and justice seekers.
Now, seventeen years after this ordeal began, UBS seeks to take the final step and sell the home.
But a home is unique. Once sold, it cannot simply be returned.
Follow The Money
The figures speak loudly.
| Item | US$ |
|---|---|
| UBS judgment amount, with interest to eviction | $1,059,331.91 |
| Our claims against UBS + Credit Suisse | $28,656,684.54* |
| Present value of Jazz House | ~$5,000,000 |
| Value with development project | ~$20,000,000 |
Our claims are more than $27.5 million greater than the UBS judgment, obtained by fraud, amount. And the house itself is worth almost five times that judgment.
Yet UBS seeks to sell it 74 days before trial.
*where UBS as Credit Suisse, in 2009 secretly withheld funds while hiding account statements, and when we finally received the first statement and discovered that Credit Suisse had withdrawn US$556,539.80+ in fees from US$360,000.00 of capital over a little bit more than two months.Only restitutional claim, with interest (8% p.a. for 17.42 years) ~US$775,000.00. Total ~US$1,331,540.00. This exceeds the amount of the possession order — US$1,059,331.91, obtained by fraud and never tested on its merits — by approximately $272,000.
UBS moves so ridiculously that even an elementary first-year student would understand — yet they lie so heavily, because they are trying to suppress the exposure of the Fictitious Trading Scheme.
And the UBS’ unconscionable Bahamian lawyers who forced the eviction and ruined our six children’s childhood are now realizing how wrong they were. Will the money we receive from UBS restore those years? The answer is obvious.
THE QUESTION IS SIMPLE
If the Fraud Application remains unresolved, if the appeal remains unresolved, and if the trial is fixed for 30 November – 10 December 2026 — why sell Jazz House on 17 September?
Why not let the trial happen first? Why not let the evidence be tested? Why not allow the Court to determine the truth before an irreversible sale?
WHAT WE ASK
We ask for no special treatment.
Hear the Fraud Application. Determine the appeal. Hold the trial. Then decide what should happen to Jazz House.
A sale can wait. A trial cannot be undone — but it can be voided if the house is sold and we cannot meet the Security for Costs. Once successful, the loss of the house could not be replaced — an irreparable injustice. And the Fictitious Trading fraud evidence would remain hidden and ongoing.
“The time is always right to do what is right.” — Martin Luther King Jr.
After seventeen years, surely 74 more days is not too much to ask. The countdown has begun.
Let the evidence come first. Let justice decide the rest.
Thank you for reading, for sharing this article and our petition, and for standing with us.
With all the best,
Irina
Securities Fraud Bahamas: banks UBS, Credit Suisse 