Robert Christopher Girvan was charged with forgery, obtaining a money transfer by deception and producing a false document, the Royal Cayman Islands Police Services said in a statement.

Girvan, 48, of Jamaica, made a brief appearance before a magistrate Tuesday but did not enter a plea. He was released on bail and ordered to appear back in court on May 26.

His lawyer did not immediately respond to an email seeking comment.

Police did not provide details about his alleged offences or any role he might have had in the collapse of the funds, which are being liquidated. Regulators announced the funds' closure in June, saying authorities had found undisclosed "irregularities" in trading activities.

Three of the funds - the Grand Island Commodity Trading Fund I, Grand Island Commodity Trading Fund II and the Grand Island Income Fund - were registered by the Cayman Islands Monetary Authority in 2006.

The fourth, the Grand Island Master Fund, was not registered with regulators in the British territory, officials said.

The funds were relatively small, with total investments of between US$20 million to US$30 million, according to David Walker, an advisory partner of PricewaterhouseCoopers, the court-appointed liquidator.

Walker declined to provide details about the funds or any losses, saying he was still preparing a report for the court and investors.

AP