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USA v. Jack Burkman et al: 'Roger Stone Leak' Investigation

September 18, 2020 - Application for Non-Disclosure Order for Grand Jury Subpoena in USA v. HD Carrier, LLC regarding an investigation into John M. Burkman, Jr., a.k.a. Jack Burkman, and Jacob Wohl for suspected criminal contempt, obstruction of justice, and witness harassment involving "the unauthorized public dissemination of confidential juror questionnaires completed by jurors in the matter of U.S. v. Roger Stone", filed at the U. S. District Court for the District of Columbia.

Culligan Ltd.: Chapter 15 Petition

September 17, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Michael Morrison and Charles Thresh, of KPMG Advisory Limited, as the Foreign Representatives of Culligan Ltd., at the U. S. Bankruptcy Court for the Southern District of New York. Editor's Note: The "Foreign Main Proceeding" in this matter was filed at Bermuda Supreme Court in July, 2019 under seal as part of Bermuda Supreme Court's blanket policy to conceal insolvency proceedings from the public, with the entry in the Court's public register at the time reading "Space Taken". It is typically only when Bermuda insolvency practitioners seek recognition in the United States that details become publicly-available.

Tatiana Akhmedova v. Google LLC: Discovery Application

September 16, 2020 - Application by Tatiana Akhmedova to take discovery from Google LLC for use in legal proceedings in England involving, inter alia, her husband, Farkhad Akhmedov, a Russian businessman; their son, Temur Akhmedov, and "Liechtenstein trustee entities Counselor Trust Reg and Sobaldo Establishment" regarding judgment collection and alleged "fraudulent evasion", filed at the U. S. District Court for the Northern District of California.

USA v. Danil Potekhin et al: Forfeiture Complaint

September 16, 2020 - Forfeiture Complaint in USA v. Cryptocurrency and Cash allegedly derived from "a large scale, sophisticated 'phishing' campaign" by Russian nationals Danil Potekhin and Dimitrii Karasavidi that targeted cryptocurrency exchanges, including Poloniex, based in San Francisco, domiciled in Delaware; Binance, based in Hong Kong, domiciled in the Cayman Islands, and Gemini Trust Company LLC, based in New York, at the U. S. District Court for the Northern District of California.

USA v. 'PetroSaudi v. PDVSA' Arbitration Funds: Forfeiture Complaint

September 16, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad ("1MDB"), a strategic investment and development company wholly-owned by the government of Malaysia" in USA v. All Funds Held in Escrow by Clyde & Co. in the United Kingdom as Damages for Restitution in 'PetroSaudi Oil Services (Venezuela) Ltd. v. PDVSA Servicios S.A. et al' UNCITRAL Arbitration at the U. S. District Court for the Central District of California.

Pierre Fattouch et al v. The Republic of Lebanon et al: Complaint

September 15, 2020 - Complaint to recognize judgments totaling $556 million in Pierre Fattouch, Moussa Fattouch, and United Lebanese Quarries and Crushers Company S.A.L., all of the Lebanon v. The Republic of Lebanon and Marie-Claud Najim, as Minister of Justice, at the U. S. District Court for the District of Columbia.

State of Libya v. Strabag SE: Petition To Vacate Arbitral Award

September 15, 2020 - Petition To Vacate Arbitral Award of €82 million, £1.1 million, and $497,533 in State of Libya v. Strabag SE, of Austria, at the U. S. District Court for the District of Columbia.

New Hillcrest Inc.: Chapter 11 Petition

September 15, 2020 - Chapter 11 Petition by New Hillcrest Inc., a Cayman Islands company based in Beverly Hills, California, at the U. S. Bankruptcy Court for the Central District of California.

Commercial Bank of Dubai v. American Express Inc.: Discovery Application

September 15, 2020 - Application by Commercial Bank of Dubai to take discovery from American Express Inc. for contemplation legal proceedings in Dubai regarding the alleged default of a AED 37.5 million loan to Chalmers Engineering Company LLC, of Dubai, and "a personal guarantee from Stuart Allan Macdonald Chalmers, a UK national and Dubai, UAE resident", filed at the U.S. District Court for the Southern District of New York.

Javelin Global Commodities (UK) Ltd. v James Booth: Complaint

September 15, 2020 - Complaint for $3.2 million alleging breach of contract in Javelin Global, of England v James H. Booth, of Kentucky, at the U. S. District Court for the Southern District of New York.

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.