May 14, 2013 - A client of Bodden Corporate Services Ltd. in the Cayman Islands claims to have been defrauded of US$439,300 by one of the firm's employees.
May 11, 2013 - The Swiss banker arrested last month on a 'Material Witness Complaint' as he entered the United States is Pierre-Yves Roten, OffshoreAlert can disclose.
May 01, 2013 - A judge in California has granted an IRS petition to serve a 'John Doe' summons on Wells Fargo Bank as part of a criminal investigation into suspected tax evasion by clients of Barbados-headquartered CIBC FirstCaribbean International Bank, for which Wells Fargo provided a correspondent account.
April 25, 2013 - Cayman Islands Chief Justice Anthony Smellie has set aside a default judgment in a defamation action after determining that a client of law firm Stuarts Walker Hersant benefitted from a "deliberate" breach of a court order.
April 19, 2013 - An insolvent company is being wound-up anonymously at the Financial Services Division of the Grand Court of the Cayman Islands.
April 13, 2013 - British attorney Steven Goodman, who is associated with insiders of the fraudulently-operated Axiom Legal Financing Fund, claims to be owed £25.7 million by the insolvent Fund's former investment manager.
April 08, 2013 - The DMS Group, which provides professional directors to hundreds of offshore hedge funds, is legally challenging proposals by the Cayman Islands Monetary Authority to enhance corporate governance and provide greater transparency in the jurisdiction's financial services industry.
March 26, 2013 - The Grand Court of the Cayman Islands has granted the Receivers of Axiom Legal Financing Fund the same powers as liquidators and, separately, asked the High Court of Justice in England and Wales – where much of the Fund's activity occurred – to recognize the receivership.
March 20, 2013 - Former Cayman Islands Premier McKeeva Bush, 58, was today charged with theft, misconduct, and corruption.
March 18, 2013 - The "only asset" owned by Owen Bethel's Bahamas-based investment firm Montaque Capital Partners Ltd., which appears to be insolvent by more than $10 million as a result of mismanagement and wrongdoing, comprises worthless shares in a long-defunct Florida shell company that was set up by a convicted fraudster to commit another fraud, OffshoreAlert can reveal.
