April 26, 2016 - Accountants in the Cayman Islands and the British Virgin Islands have been accused of conspiring with Miami-based law firm Greenberg Traurig and others to swindle one group of clients in favor of another in a scheme involving two offshore insurers - BVI-based Boston Life and Annuity and Bancroft Life & Casualty, of St. Lucia.
March 30, 2016 - Appleby law firm in the Cayman Islands is seeking the revocation of work permits issued to two of its former attorneys - Ian Gobin and Jonathan Bernstein - who joined rival law firm Harneys.
March 09, 2016 - Two Cayman Islands financial institutions - Cayman National Securities Ltd. and Cayman National Trust Co. Ltd. - today pleaded guilty at federal court in New York to conspiring with U.S. taxpayers to evade taxes on income earned from more than $130 million hidden in offshore accounts.
March 05, 2016 - In filing a winding up petition last week, Bermuda-domiciled Triathlon Limited became the second obscure offshore entity in eight months to sue Cayman Islands-domiciled investment firm B & C Capital Ltd., whose principals include 43-year-old Canadian Ryan Bateman.
March 01, 2016 - Anguilla-domiciled captive insurer Insider Insurance Ltd. has been accused of failing to co-operate with an IRS investigation into a United States-based "affiliate", Carlyle Van Lines, Inc. A federal court in Arizona today ordered the captive to "show cause in writing why it should not be compelled to obey and comply with" an IRS summons that it has allegedly twice ignored.
February 23, 2016 - The U. S. SEC and the liquidators of Cayman Islands-domiciled Caledonian Bank have objected to an attempt by Sentinel Trust Services to block their proposed settlement of a securities fraud complaint and have questioned Sentinel's claim to be the bank's "owner".
February 19, 2016 - A British affiliate of Belvedere Management Group that is ultimately-owned by Cayman Islands-domiciled Brighton SPC has been wound up "in the public interest" in London for involvement in a boiler room fraud that swindled investors out of £36 million. Another Belvedere affiliate is fighting a similar winding-up petition.
February 12, 2016 - Cayman Islands-domiciled Sentinel Trust Services - claiming to be the owner of Caledonian Bank - is seeking to block the bank's proposed securities fraud settlement agreement with the SEC and force the regulator to pay damages for causing the bank's collapse.
February 08, 2016 - Records provided to the U. S. SEC by the liquidators of Cayman Islands-domiciled Caledonian Bank show that "high-level employees" of the bank were "complicit" in a pump-and-dump securities fraud by clients that netted a $38 million profit, says the regulator. Caledonian has agreed to pay $25 m in "disgorgement" but the SEC has agreed to "forgo payment" due to the bank's insolvency.
February 02, 2016 - The British Virgin Islands Financial Services Commission has applied to liquidate Crescent Corporate Services Limited "in the public interest".