Investors Overseas Services Management > Transglobal Financial Services
On 13 September 1971, the principal subsidiary of IOS was Investors Overseas Services Management Limited changed name from Investors Overseas Services Management Corp. to Transglobal Financial Services Corp.
Founded in 1955 by financier Bernard Cornfeld, I.O.S. Investors Overseas Services grew to over $2.5 billion USD under management in a variety of mutual funds by 1970. Due to the decline in value in a number of questionable investments, and following charges of embezzlement filed against Cornfeld successor Robert Vesco and other I.O.S managers, the company went bankrupt in 1973.
Because investors were scattered across a number of countries, and due to the fact many hold certificates in bearer form, there are still many millions of dollars waiting to be claimed by unaware stockholders. Prompt action should be taken, however, as there are time limits on the filing of certain types of claims.
For a complete report, including share redemption and potential entitlement to merger and liquidation consideration complete the form below.