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

LITIGATION

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Caledonian Bank officers 'complicit' in $38 m securities fraud, says SEC

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.

SEC v. Caledonian Bank Ltd. et al: Proposed Settlement

February 08, 2016 - Proposed Settlement in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd. and Caledonian Securities Ltd. at the U. S. District Court for the Southern District of New York.

Tai Shing International (Holdings) Limited: Petition

February 05, 2016 - Petition in the matter of Tai Shing International (Holdings) Limited at the Grand Court of the Cayman Islands.

Fidelity Bank (Cayman) Ltd. v. Linroy McLaughlin: Writ of Summons

February 04, 2016 - Writ of Summons in Fidelity Bank (Cayman) Ltd. v. Linroy Linford McLaughlin at the Grand Court of the Cayman Islands.

Fidelity Bank (Cayman) Ltd. v. Merle McGann-Burke: Originating Summons

February 04, 2016 - Originating Summons in Fidelity Bank (Cayman) Ltd. v. Merle McGann-Burke at the Grand Court of the Cayman Islands.

USA v. Bank Julius Baer & Co.: Forfeiture Complaint, Criminal Information & Deferred Prosecution Agreement

February 04, 2016 - Forfeiture Complaint in the amount of $219 million, Criminal Information, and Deferred Prosecution Agreement in USA v. Bank Julius Baer & Co. at the U. S. District Court for the Southern District of New York.

Craig Gaskill v. Cayman Islands Police Commissioner: Notice of Originating Motion

February 03, 2016 - Notice of Originating Motion in Craig Gaskill v. The Commissioner of The Royal Cayman Islands Police Service at the Grand Court of the Cayman Islands.

Eurasia Drilling Company Limited: Petition

February 03, 2016 - Petition in the matter of Eurasia Drilling Company Limited at the Grand Court of the Cayman Islands.

Itochu Oil Exploration (BTC) Inc.: Petition

February 02, 2016 - Petition In the Matter of Itochu Oil Exploration (BTC) Inc. at the Grand Court of the Cayman Islands.

BVI regulator applies to liquidate Crescent Corporate Services

February 02, 2016 - The British Virgin Islands Financial Services Commission has applied to liquidate Crescent Corporate Services Limited "in the public interest".
OffshoreAlert Conference

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
DOJ Scores Big With Record-breaking Alstom FCPA Sentence -- Who's Next On the DOJ'S FCPA Hit List?
Eric Havian
By   Gordon Schnell      Late Friday, French power and transportation company Alstom S.A. was sentenced to pay a $772 million fine for violating the Foreign Corrupt Practices Act (FCPA) through its payment of millions of dollars in secret bribes to government officials across the gl