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USA v. Jose Morely Chocron et al: Criminal Indictment

August 06, 2020 - Criminal Indictment alleging money laundering conspiracy involving "the purported proceeds of bribes paid to Brazilian public officials" in USA v. Jose Morely Chocron, Isaac Schachtel, and Alfredo Lichoa at the U. S. District Court for the Southern District of New York.

USA v. Dominic Lacroix et al: Criminal Indictment

July 23, 2020 - Criminal Indictment for alleged fraud involving a cryptocurrency known as PlexCoin in USA v. Dominic Lacroix, Yan Ouellet, and Sabrina Paradis-Royer, all citizens and residents of Canada, at the U. S. District Court for the Northern District of Ohio.

USA v. David Hu: Criminal Information

July 17, 2020 - Criminal Information alleging investment adviser fraud, securities fraud, and wire fraud involving, inter alia, IIG Trade Opportunities Fund NV, of Curaçao; IIG Global Trade Finance Fund Ltd., of the Cayman Islands, and IIG Structured Trade Finance Fund Ltd., of the Cayman Islands, in USA v. David Hu at the U. S. District Court for the Southern District of New York.

USA v. Essentra FZE Company Ltd.: Deferred Prosecution Agreement

July 16, 2020 - Deferred Prosecution Agreement regarding a scheme to violate the North Korea Sanctions Regulations in USA v. Essentra FZE Company Limited, of the United Arab Emirates, at the U. S. District Court for the District of Columbia.

USA v. Essentra FZE Company Ltd.: Criminal Information

July 15, 2020 - Criminal Information alleging conspiracy to violate the International Emergency Economic Powers Act and Defraud the United States regarding North Korea in USA v. Essentra FZE Company Limited, of the United Arab Emirates, at the U. S. District Court for the District of Columbia.

USA v. Luis Martinelli et al: Criminal Complaint

June 27, 2020 - Criminal Complaint against the sons of former Panama President Ricardo Martinelli alleging participation in a bribery and money laundering scheme involving Brazil's Odebrecht SA and other companies, including those in the Bahamas, British Virgin Islands, and Switzerland, in USA v. Luis Enrique Martinelli Linares and Ricardo Alberto Martinelli Linares, described as citizens of Italy and Panama, at the U. S. District Court for the Eastern District of New York.

USA v. Ramon Abbas: Criminal Complaint

June 25, 2020 - Criminal Complaint alleging conspiracy to engage in money laundering in USA v. Ramon Olorunwa Abbas, a.k.a. Ray Hushpuppi, described as "a Nigerian national living in the United Arab Emirates" and a holder of a passport issued by Saint Kitts and Nevis and "one of the leaders of a transnational network that facilitates computer intrusions, fraudulent schemes (including BEC [business email compromise] schemes), and money laundering, targeting victims around the world in schemes designed to steal hundreds of millions of dollars", at the U. S. District Court for the Central District of California.

USA v. Julian Assange: Second Superseding Indictment

June 24, 2020 - Second Superseding Indictment in USA v. Julian Paul Assange at the U. S. District Court for the Eastern District of Virginia.

USA v. Rowland Andrade: Criminal Indictment

June 22, 2020 - Criminal Indictment alleging fraud and money laundering involving an Initial Coin Offering for a purported cryptocurrency known as AML Bitcoin in USA v. Rowland Marcus Andrade at the U. S. District Court for the Northern District of California.

USA v. Shane Schmidt: Criminal Complaint

June 08, 2020 - Criminal Complaint alleging securities fraud involving Sandy Steele Unlimited, Inc. and "an entity based in Hong Kong" in USA v. Shane Kenneth Schmidt, a Canadian citizen and resident of Vancouver, British Columbia, at the U. S. District Court for the District of Massachusetts.

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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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.