Final Report to Creditors and Release of Liquidator

  • Anonymous
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Posted: Mon, 17/08/2020 - 10:59

Final Report to Creditors and Release of Liquidator and ending of CoI

Summary - "As the final dividend has now been paid, I am concluding the liquidation of KSFIOM and will shortly be applying to the Isle of Man High Court to be released as Liquidator. The role of the Committee of Inspection will end when I am released as Liquidator."

It seems now is as good a time as any for me to thank everyone who has been involved with and contributed to this site (and its sister site) for their support and constructive input over the years. It has been a long and winding road but it's important to remember that much has been achieved by us together. I would like to pay particular tribute to anrigaut as well as the other members of DAG who were always a consistent and reliable source of information and support for me on the CoI and also in informing and dealing with depositors' queries here.

The events of 2008 and subsequently now seem a long way off, and the world today is of course very different in many ways to that time. Nevertheless, as we find ourselves confronted by new challenges, we will doubtless overcome these challenges with the best of what was found on this site - a solidarity born of a desire to help others.

All the best
Knife Edge

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Update: Release of Liquidator & dissolution of KSFIOM

  • Anonymous
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  • Wed, 21/10/2020 - 13:20

"At a Court hearing on 12 October 2020, the Isle of Man High Court of Justice granted my release as Liquidator of KSFIOM and KSFIOM will be dissolved on 27 October 2020.

A copy of the court order is attached HERE.

In accordance with the above court order, this website will remain until 13 January 2021

Mike Simpson, Liquidator"

Note that the announced site closure refers to the bank website, not this site.

The DCS site remains open, but no update since 12 August 2020.

I hope the recent silence on this site means most people have now been fully paid.

Thanks KE for posting this

  • Anonymous
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  • Wed, 19/08/2020 - 11:19

Thanks KE for posting this and for your kind words. In return, I would like to thank you in particular for all your support over the years as well as for the sterling work you and the other DAG members of the CoI have done quietly behind the scenes on our behalf. Out of the limelight and not always fully appreciated, you stuck to the task through thick & thin and we all owe you an immense debt of gratitude

The Final Report is here:
Anyone due the final distribution directly from the Liquidator who has not yet received it should read para 3.3
I remind you however that this excludes anyone who claimed in one or both of the early payment schemes (EPS) for whom payment is due via the DCS (even if you never claimed in the DCS and thus received previous dividends directly from the Liquidator). The DCS remains open and continues to process payments - the latest update is here:

Best to all,


  • Anonymous
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  • Tue, 18/08/2020 - 13:41

To all on the COI, and indeed the Liquidator, many thanks.

Again ...

  • Anonymous
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  • Tue, 18/08/2020 - 10:34

Well said Knife Edge.

Again and again, thank you to all.

Thank You

  • Anonymous
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  • Mon, 17/08/2020 - 15:14

Thank you very much for all the work you have done on behalf of many people like myself. We are most grateful.