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USA v. $4.8M at Butterfield Bank: Amended Forfeiture Complaint

August 03, 2021 - Forfeiture Complaint in USA v. $4.8 million at The Bank of N.T. Butterfield & Son Limited, of Bermuda, to settle tax evasion allegations involving its Bermuda and Cayman Islands operations, filed at the U. S. District Court for the Southern District of New York.

USA v. $4.8M at Butterfield Bank: Forfeiture Complaint

August 03, 2021 - Forfeiture Complaint in USA v. $4.8 million at The Bank of N.T. Butterfield & Son Limited to settle tax evasion allegations, filed at the U. S. District Court for the Southern District of New York.

Portugal: Bank of America (August 2021)

August 02, 2021 - Application for the appointment of a Commissioner to collect evidence from the Bank of America - pursuant to a request for judicial assistance from Portugal - for a criminal investigation into "an unknown subject for fraud".

Samson Siasia v. FIFA: Complaint

August 02, 2021 - Complaint challenging "FIFA's conviction and imposition of a life-ban" for bribery in Samson Siasia v. Fédération Internationale de Football Association, of Switzerland, at the U. S. District Court for the Southern District of New York.

Öksüt Madencilik San. Tic. AS v. LinkedIn Corp. et al: Discovery Application

July 30, 2021 - Application by Öksu¨t Madencilik San. Tic. A.S., described as a Turkish company that "operates a precious metals mine located in Turkey known as the Öksu¨t Mine", to take discovery from LinkedIn Corp. and Google LLC for use in "criminal and civil proceedings" in Turkey alleging "one or more individuals, believed to be former OMAS employees, have stolen confidential information from OMAS and are using that information to unlawfully harm the Company and exert influence over its employees, vendors, and others through anonymous online accounts", filed at the U. S. District Court for the Northern District of California.

USA v. Monel Herscovici: Complaint

July 30, 2021 - Complaint "to reduce FBAR penalty to judgment" regarding bank accounts in Liechtenstein and Switzerland in USA v. Monel Herscovici at the U. S. District Court for the Central District of California.

ACE American Insurance Co. v. University of Ghana: Petition to Confirm Arbitration Award

July 29, 2021 - Petition to Confirm Arbitration Award for $165 million in ACE American Insurance Company v. University of Ghana at the U. S. District Court for the Southern District of New York.

Alger II Dynamic Opportunities Fund - Weatherbie Capital et al v. Stamps.com Inc. et al: Complaint

July 29, 2021 - Complaint alleging securities fraud in Alger II Dynamic Opportunities Fund - Weatherbie Capital; Alger SICAV - Alger Dynamic Opportunities Fund - Weatherbie Capital; Alger SICAV - Alger Small Cap Focus Fund; Alger SICAV - Alger Weatherbie Specialized Growth Fund; Alger Small Cap Focus Fund; Alger Weatherbie Specialized Growth Fund; Alger Weatherbie Specialized Growth Portfolio; Weatherbie Growth Fund L.P.; and Weatherbie Long/Short Fund, L.P. v. Stamps.com Inc., Kenneth McBride, Kyle Huebner, and Jeff Carberry at the U. S. District Court for the Central District of California.

Northlight European Fundamental Credit Fund et al v. Intralot Capital Luxembourg SA et al: Complaint

July 28, 2021 - Complaint in Northlight European Fundamental Credit Fund, HCN LP, and Bardin Hill Event-Driven Master Fund LP, all of the Cayman Islands v. Intralot Capital Luxembourg SA, of Luxembourg; Intralot SA, of Greece; Intralot Global Holdings BV, of the Netherlands; Intralot Inc., of Georgia, USA, and Intralot US Securities BV, of the Netherlands, at the U. S. District Court for the Southern District of New York.

Brittany Stout v. Harvest Health & Recreation Inc. et al: Complaint

July 27, 2021 - Complaint alleging violation of the Securities Exchange Act of 1934 regarding "the proposed acquisition of Harvest by Trulieve Cannabis Corp." in Brittany Stout v. Harvest Health & Recreation Inc., of Vancouver, Canada; Mark N. Barnard, Steven M. White, Elroy P. Sailor, Ana Dutra, Eula L. Adams, and Michael Scott Atkison 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 ISLANDS  
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.