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Equity Power Fund: Shareholder Letter (January 17, 2020)

January 17, 2020 - Shareholder Letter by the Board of Directors of LFP I SICAV SIF S.A., of Luxembourg, providing an update into an investigation into Equity Power Fund for suspected fraud.

Jeffrey Cooley: Sentencing Announcement

January 16, 2020 - News Release by the United States Department of Justice announcing the sentencing for filing a false tax return of Jeffrey Cooley, described as an owner of Southpac Trust (BVI) Limited.

USA v. Donville Inniss: Finding of Guilt

January 16, 2020 - News Release from the United States Department of Justice announcing that Donville Inniss, described as a "Former Member of Barbados Parliament and Minister of Industry", has been "found guilty" for his role in a bribery scheme that, as previously reported by OffshoreAlert, involved insurers Insurance Corporation of Barbados Ltd., of Barbados, and BF&M Ltd., of Bermuda, which was the majority shareholder of ICBL.

Morgan Gatsby Ltd.: Corporate Information

January 08, 2020 - Corporate Information, including names of directors and shareholders, for Morgan Gatsby Limited obtained from the Dubai International Financial Centre.

LFP I SICAV SIF SA: Lawsuit Announcement

January 02, 2020 - News Release by LFP I SICAV SIF SA announcing that it has "initiated judicial claims in the commercial court in Luxembourg against its former directors, including Luc Leleux (founder), Julien Renaux (founder), Mark Stephens, and Jonathan Burger" regarding a sub-fund operated by Columna Commodities.

Union Bancaire Privée: US DoJ News Release

January 02, 2020 - News Release by the U. S. Department of Justice announcing an "Addendum to Swiss Bank Program Category 2 Non-Prosecution Agreement with Union Bancaire Privée, UBP SA".

Union Bancaire Privée: Non-Prosecution Agreement Addendum

January 02, 2020 - Addendum to Non-Prosecution Agreement under the U. S. Department of Justice's 'Swiss Bank Program' in USA v. Union Bancaire Privée.

USA v. Coutts & Co. Ltd.: Non-Prosecution Agreement Addendum

December 20, 2019 - Addendum to Non-Prosecution Agreement under the U. S. Department of Justice's 'Swiss Bank Program' in USA v. Coutts & Co. Ltd.

Privilege Wealth Plc: Fourth Progress Report of Administrators

December 10, 2019 - Joint Administrators' Fourth Progress Report regarding British firm Privilege Wealth Plc, a participant in a global investment fraud that collapsed after being exposed by OffshoreAlert.

First Global Credit: Domain Seizure

November 01, 2019 - Announcement on the website of Switzerland-domiciled cryptocurrency exchange operator XBT Corp. Sarl, d.b.a. First Global Credit, at that the domain name has been seized by the Federal Bureau of Investigation, of the United States. XBT Corp. is controlled and operated by Gavin John Smith and Marcie Debra Terman, both citizens of the United Kingdom.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.