Calls to strip Sir James of his knighthood echo what happened to Fred Goodwin, the former chief executive of Royal Bank of Scotland, who lost his knighthood in 2012 after being held responsible for the biggest annual loss in UK corporate history.

BBC: Vince Cable 'examines ban for former HBOS directors'

"From the nature of the document requests, they are looking into trading patterns with respect to Southridge, and they are looking at what Southridge Capital promised companies with regard to certain financings versus what actually happened, " says James "Wes" Christian, an attorney who represents Vyta and Hyperdynamics.

FORBES: Hedge Funds

The shell of the house was a grim reminder of what happened to Lorraine, Caroline, Sean, 7, Bellina, 4, Clodagh, 19 months and James, who was nine months old.

BBC: McElhill fire murder house in Omagh is demolished