Meyer insists her company is liquid, not probed by MFSA

Julie Meyer, the American businesswoman at the centre of a growing credit crisis, insists that her investment firm Ariadne Capital is still liquid. Ariadne Capital Group is shackled by a garnishee order for €59,600 issued at the request of a Naxxar firm. Its subsidiary, Ariadne Capital Malta, has been left with only one director – Ms Meyer herself. David Barry and Joseph R. Aquilina resigned from the board in the past two months and the official forms submitted to the Malta Financial Services Authority do not say why. “I have invested €1.5 million in the country,” Ms Meyer said, adding: “I am on Team Malta… My reputation is not being hurt by this negative press on Ariadne; Malta’s is.” She told the Times of Malta she was not being investigated by the MFSA and the company had “plenty of directors” listed on its website. The group website shows Ms Meyer and Mark Schneider as directors. Three others are listed as “directors designate”. Documents filed at the Company Registry indicate Ms Meyer is the only remaining director of the licensed Ariadne Capital Malta. Ariadne Capital Malta was the name given to Portcullis Asset Management after it was acquired by the group. Ms Meyer said...