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Diligence Global Business Intelligence v. Michael Holtzman: Discovery Application

April 19, 2021 - Application by Diligence Global Business Intelligence SA, described as "a Swiss company located in Geneva that specializes in intelligence services and private investigations", to take discovery from Michael Holtzman, described as "the President/Managing Partner of SECNewGate, a public relations firm based in Washington, and the President of Bellwether Strategies, a public relations firm based in New York", for use in legal proceedings in England and Switzerland involving "DGBI’s investigation into allegations of corruption and money laundering in connection with the 2022 World Cup in Qatar", filed at the U. S. District Court for the Southern District of New York.

City of St. Clair Shores Police and Fire Retirement System v. Credit Suisse Group AG et al: Class Action Complaint

April 16, 2021 - Class Action Complaint on behalf of "all persons who purchased or otherwise acquired Credit Suisse American Depositary Receipts between October 29, 2020 and March 31, 2021" alleging "materially false and misleading statements regarding the Company's business metrics and financial prospects", particularly involving Greensill Capital and Archegos Capital Management, "exposing the Company to billions of dollars in losses" in City of St. Clair Shores Police and Fire Retirement System v. Credit Suisse Group AG, of Switzerland; Thomas Gottstein, Lara J. Warner, and David R. Mathers at the U. S. District Court for the Southern District of New York.

Erin Murray v. AET Inc. Ltd. et al: Complaint

April 16, 2021 - Complaint in Erin F. Murray, as Executrix and Personal Representative of the Estate of Timothy M. Murray v. AET Inc. Ltd., of Bermuda, and MV Eagle Turin, described as a "Singapore flagged crude oil tank vessel", at the U. S. District Court for the Southern District of New York.

Pelagos Shipping Company Ltd. v. PB Finance LLC: Complaint

April 16, 2021 - Complaint alleging fraud in Pelagos Shipping Company Ltd., of Malta v. PB Finance LLC, described as a Marshall Islands company based in Stamford, Connecticut, at the U. S. District Court for the Southern District of New York.

SEC v. Spot Tech House Ltd. et al: Complaint

April 16, 2021 - Complaint alleging "a multi-million dollar fraudulent scheme involving unregistered offers and sales of security-based "binary options" to retail investors in the United States from at least April 2012 through August 2017" in U. S. Securities and Exchange Commission v. Spot Tech House Ltd., formerly Spot Option Ltd.; Malhaz Pinhas Patarkazishvili, a.k.a. Pini Peter, a.k.a. Pinhas Peter, and Ran Amiran, all of Israel, at the U. S. District Court for the District of Nevada.

Jason Denny v. Canaan Inc. et al: Class Action Complaint

April 15, 2021 - Class Action Complaint alleging fraud in Jason Denny v. Canaan Inc., described as a Cayman Islands-domiciled, China-based company that "designs, manufactures and sells bitcoin mining machines" whose shares are listed on NASDAQ; Nangeng Zhang, and Tong He at the U. S. District Court for the Southern District of New York.

IMG Memorial Fund 1 LLC v. First Landing Fund LLC et al: Complaint

April 14, 2021 - Complaint "arising out of more than $400 million in investor funds entrusted to Defendants that have been lost, partially lost, and/or seized by Defendants for more than a year due to their fraud and fiduciary breaches" in IMG Memorial Fund 1 LLC, of Buckingham, Pennsylvania v. First Landing Fund LLC, of Delaware; Vantage Consulting Group Inc., of Virginia; Mark T. Finn, of Virginia; David P. Schippers, of Virginia; Prophecy Special Opportunities Fund LP, of Delaware; Prophecy Special Ops GP LLC, of Delaware, and Jeffrey Spotts, of New Jersey, at the U. S. District Court for the Southern District of New York.

Donald Turnbull v. JPMorgan Chase & Co.: Complaint to Protect Against Retaliation in Fraud Cases

April 13, 2021 - Complaint to Protect Against Retaliation in Fraud Cases in Donald Turnbull, who alleges he was "fired ... from his job as a commodities trader because, by cooperating in good faith with a federal investigation into the Bank's trading practices" v. JPMorgan Chase & Co. at the U. S. District Court for the Southern District of New York.

SEC v. Martin Silver: Complaint

April 13, 2021 - Complaint alleging fraud involving Interntional Investment Group LLC in U. S. Securities and Exchange Commission v. Martin Silver, of Long Branch, New Jersey, at the U. S. District Court for the Southern District of New York.

La Dolce Vita Fine Dining Company et al v. Zhang Lan et al: Petition to Confirm Arbitral Awards (April 13, 2021)

April 13, 2021 - Petition to Confirm Arbitral Awards in Hong Kong and Singapore totaling $142 million in La Dolce Vita Fine Dining Company Limited and La Dolce Vita Fine Dining Group Holdings Limited, both of the Cayman Islands v. Zhang Lan, described as a citizen and resident of China; Grand Lan Holding Group (BVI) Limited, of the British Virgin Islands; Qiao Jiang Lan Development Limited, formerly South Beauty Development Limited, of the British Virgin Islands, and Apex Lead Investment Holdings Limited, of the Seychelles, 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.