Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.


eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Buttonwood Legal Capital fraud victims asked for another £14 m to finance 'rescue fund'

March 02, 2015 - Investors who have already been swindled out of £98 million in a litigation funding scam by Buttonwood Legal Capital are being asked to invest a further £14.63 million to finance a Cayman Islands-domiciled 'rescue fund' set up by Simon Franklin, Stuart Hackett, and Klaus Selinger, who were all involved with the Buttonwood scheme before its collapse. 

RBC (Bahamas) facing criminal charges in France for alleged tax fraud and money laundering

February 28, 2015 - The Public Prosecutor in France has recommended that Royal Bank of Canada Trust Company (Bahamas) Limited be criminally prosecutors for alleged tax fraud and money laundering concerning a trust for which the company serves as trustee.

Joseph Fragala v. Ltd. et al: Complaint

February 27, 2015 - Complaint in Joseph Fragala v. Limited, based in China, domiciled in Cayman Islands; Man San Law, Zhengming Pan, Deutsche Bank Securities Inc., Piper Jaffray & Co., and Oppenheimer & Co. Inc. at the U. S. District Court for the Central District of California.

Forbes magazine investor tries to avoid liquidation in BVI

February 27, 2015 - British Virgin Islands-domiciled Integrated Whale Media Investment, which appears to have been the vehicle through which Asian investors bought a majority stake in the Delaware firm that owns iconic U.S.-based publication Forbes magazine last year, has been threatened with liquidation by a creditor.

Cayman regulator seems to wrongly identify Caledonian Bank's ultimate beneficial owner

February 26, 2015 - Research by OffshoreAlert indicates that insolvent Caledonian Bank is controlled by Canadian hedge fund boss and United States citizenship-renouncer Terry Duffy, not Curacao-based hedge fund services provider Gordon Casey, as claimed by the Cayman Islands Monetary Authority in its petition to wind up the bank.

Chiron Litigation Funding Ltd.: Confidential Private Placement Memorandum

February 25, 2015 - 'Confidential Private Placement Memorandum' for Cayman Islands-based Chiron Litigation Funding Limited set up by Simon Franklin, Stuart Hackett and Klaus Selinger, of Dequity Partners Pty Ltd., in Australia, to recover assets on behalf of investors in Centaur Litigation Limited, Centaur Litigation SPC, and Centaur Litigation Unit Series 1 Limited who were swindled in a litigation funding fraud perpetrated by Buttonwood Legal Capital and the Argentum Capital Group.

Carlton Masters v. First Global Bank Ltd.: Application for Discovery For Use in a Foreign Proceeding

February 24, 2015 - Application for an Order to Conduct Discovery for a Foreign Proceeding, namely Carlton Masters v. First Global Bank Ltd. in Jamaica, at the U. S. District Court for the Southern District of New York.

SEC v. Verdmont Capital S.A.: Verdmont's Opposition to Asset Freeze

February 24, 2015 - Verdmont Capital's opposition to SEC's asset freeze application in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd., Caledonian Securities Ltd., Clear Water Securities, Inc., Legacy Global Markets S.A. and Verdmont Capital S.A. at the U. S. District Court for the Southern District of New York.

Sweden: Abbas Makhdoom

February 23, 2015 - Complaint for the extradition of Abbas Makhdoom from the USA to Sweden to face a charge of aggravated assault.

GlobeOp Financial Services (Cayman) Ltd. v. Sandra E. Piedrabuena: Complaint

February 23, 2015 - Complaint in GlobeOp Financial Services (Cayman) Limited v. Sandra E. Piedrabuena at the U. S. District Court for the District of Rhode Island.
Miami 2014 Presale

OffshoreConnect Free Sign Up

Stay informed & connected

  • Free Email Alerts on Breaking News
  • Free Access to Blogs by Industry Leaders
  • Free Contribute to Due Diligence Forums
What a View - the Latest Weavering Clawback Claims
Martin Kenney
       As published on this site, in late December the liquidators of Cayman Islands-domiciled Weavering Macro Fixed Income Fund Limited (the Company) filed a series of summonses in the Grand Court in which they claim that redemption payments made by the Company to a number of investors in the six months imm