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

Press Releases

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

USA v. Henrry Milla Campuzano et al: News Release

October 27, 2020 - News Release by the U.S. Department of Justice titled 'Five Peruvians Extradited For Overseeing Call Centers That Threatened And Defrauded Spanish-Speaking U.S. Consumers'.

Strachans SA: Guilty Plea

October 06, 2020 - News Release by the U.S. Department of Justice entitled 'Jersey/Swiss Financial Services Firm Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts - Strachans SA in Liquidation Pleads Guilty'.

Minerva Development Group Ltd. et al: £2.8M Misappropriation

October 06, 2020 - Press Release by The Insolvency Service in the United Kingdom announcing that Minerva Development Group Limited and Cohesion Business Development Ltd. "were wound up in the public interest on 29 September 2020 after the High Court found that the investment-raising activities of the companies were entirely without substance, with at least £2.85 million of investors' funds – raised through issuing of bonds – had disappeared".

Peter Roebuck et al: Disqualifications

October 05, 2020 - Press Release by The Insolvency Service, in the United Kingdom, announcing 12-year disqualifications on Peter John Roebuck and Francis Edward Tarling for misappropriating £9 million.

Alexander Nix: Disqualification

September 24, 2020 - Press Release by The Insolvency Service, in the United Kingdom, announcing the disqualification of Alexander James Ashburner Nix, a former CEO of Cambridge Analytica.

Nigeria, Jersey, & USA: $311M Repatriation Agreement

May 04, 2020 - News Release, and a copy of a "trilateral agreement among the governments of the United States, Nigeria and the Bailiwick of Jersey", by the U. S. Department of Justice announcing the repatriation to Nigeria of $311 million that were allegedly the proceeds of corruption involving General Sani Abacha, Ibrahim Sani Abacha, Abubakar Atiku Bagudu, lsmaila Gwarzo, Alhaji Ahmadu Daura, Chief Anthony Ani, David Umaru, Doraville Properties Corporation, Eagle Alliance International Limited, Harbour Engineering and Construction Limited, Mecosta Securities Inc., Morgan Procurement Corporation, Rayville International SA, The Ridley Trust, Ridley Group Limited, and Standard Alliance Financial Services Limited.

1MDB: $300M Repatriation

April 14, 2020 - News Release by the U. S. Department of Justice announcing that "U.S. Repatriates $300 Million to Malaysia in Proceeds of Funds Misappropriated from 1Malaysia Development Berhad".

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.

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.

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.

View Recent Digests

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.