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Beauregarde Holdings LLP et al v. The Province of La Rioja: Complaint

April 22, 2021 - Complaint alleging the default of bond payments in Beauregarde Holdings LLP, of England; Beauregarde Holdings II LLP, Crown Managed Accounts SPC - Crown/GT Segregated Portfolio, of the Cayman Islands; GN3 SIP Limited, of Jersey, in the Channel Islands; GoldenTree Co-Invest Master Fund II Ltd., of the Cayman Islands; GoldenTree Credit Opportunities Master Fund Ltd., of the Cayman Islands; GoldenTree Emerging Markets Master Fund ICAV, of Ireland; GoldenTree Insurance Fund Series Interests of the SALI Multi-Series Fund, L.P., of Delaware; GoldenTree Master Fund, Ltd., of the Cayman Islands; GoldenTree Multi Sector-C LP, of Delaware; GoldenTree V1 Master Fund, L.P., of the Cayman Islands; GT NM, L.P., of Delaware; GTAM 110 Designated Activity Company, of Ireland; Guadalupe Fund, LP, of Texas; High Yield And Bank Loan Series Trust, of the Cayman Islands; MA Multi-Sector Opportunistic Fund, LP, of Delaware; Sandglass Opportunity Fund LP, of the Cayman Islands; Sandglass Petrus Opportunity Fund LP, of the Cayman Islands, and Sandglass Select Fund LP, of the Cayman Islands v. The Province of La Rioja, of Argentina, at the U. S. District Court for the Southern District of New York.

Sharilyne Anderson et al v. M/Y Dream: Complaint

April 22, 2021 - Complaint alleging negligence, false imprisonment, and intentional infliction of emotional distress in Sharilyne Anderson, of Toronto, Canada, and Vera Melnyk, of Barrie, Canada v. M/Y Dream, described as a "a 60m (196.9ft) luxury motor yacht" that is owned by Dream Holdings Ltd., of the Cayman Islands, at the U. S. District Court for the Southern District of Florida.

Stands4 LLC et al v. Dan.com: Complaint

April 21, 2021 - Complaint alleging the defendants induced the plaintiffs "to transfer substantial funds to DAN.com for a domain name [calculator.com] that Defendants did not own and could not sell" in Stands4 LLC, of Delaware, and Stands4 Ltd., of Israel v. Undeveloped BV, d.b.a. Dan.com, of the Netherlands, at the U. S. District Court for the District of Delaware.

USA v. Mare Dey Import and Export Trading Co. Forfeiture Complaint

April 21, 2021 - Forfeiture Complaint in USA v. Funds held at Hang Sang Bank, of Hong Kong, in the name of Mare Dey Import and Export Trading Co. that are associated with "an investigation of a money laundering/drug trafficking conspiracy whose members included Jorge Hugo Zavala-Lopez, Abel Bustamante-Duran also known as Prieto, Hong Zeng also known as Alondra China, Marco Antonio Mendez-Guzman aka Acelerin, Rafael Omar Cruz-Valedon aka Parce, an individual whose first and last name are unknown and is also known as Alvarez, Erick Giovanny Garcia also known as Juanito, Diana Quiroz Garcia, Juan Carlos Arreola and Ramon Antonio Lopez-Llamas" at the U. S. District Court for the Central District of California.

Konstantin Zeva v. Ebang International Holdings Inc. et al: Class Action Complaint

April 20, 2021 - Class Action Complaint alleging fraud in Konstantin Zeva v. Ebang International Holdings Inc., described as a Cayman Islands-domiciled, China-based firm that "purports to be a leading application-specific integrated circuit chip design company and a leading manufacturer of Bitcoin mining machines" and whose shares are listed on NASDAQ; Dong Hu, and Lei Chen at the U. S. District Court for the District of New Jersey.

Kazakhstan et al v. Daniel Chapman et al: Notice of Removal

April 20, 2021 - Notice of Removal, including a copy of the complaint alleging the defendants "are conspiring with, and aiding and abetting, a fraudulent scheme led by Moldovan oligarch Anatolie Stati, his son Gabriel Stati, and a murky web of companies that they control, often secretly", in Republic of Kazakhstan and Outrider Management LLC v. Daniel Chapman, Argentem Creek Holdings LLC, Argentem Creek Partners LP, Pathfinder Argentem Creek GP LLC, and ACP I Trading LLC at the U. S. District Court for the Southern District of New York.

SEC v. Sheng-Wen Cheng: Complaint

April 20, 2021 - Complaint alleging "misappropriation of investor funds and material misrepresentations in connection with the offering of equity and digital asset securities to investors in Alchemy Finance, Inc., Alchemy Company, Ltd., and Alchemy Coin, Ltd.", which are domiciled in Delaware and Hong Kong, in U. S. Securities and Exchange Commission v. Sheng-Wen Cheng, of New York, USA, at the U. S. District Court for the Southern District of New York.

Chris Lhamon v. Cardtronics Plc et al: Complaint

April 20, 2021 - Complaint alleging securities law violations in Chris Lhamon v. Cardtronics Plc, an English company that operates a "global network of ATMs" and whose shares are listed on the New York Stock Exchange; Mark Rossi, Douglas Braunstein, Julie Gardner, Warren Jenson, Patrick Phillips, Juli Spottiswood, and Rahul Gupta at the U. S. District Court for the Southern District of New York.

Daily Mail v. Google LLC et al: Antitrust Complaint

April 20, 2021 - Antitrust Complaint "for compensation and for injunctive relief to restore competition in the monopolized markets and safeguard news content for readers" in Associated Newspapers Ltd., of England, and Mail Media Inc., of Delaware, which collectively "publish the online newspaper MailOnline, which is branded in the United States as 'Daily Mail'" that "reaches over 225 million unique monthly visitors" v. Google LLC and its parent company, Alphabet Inc., at the U. S. District Court for the Southern District of New York.

Deutsche Telekom v. India: Petition to Confirm Arbitral Award

April 19, 2021 - Petition to Confirm Foreign Arbitral Award in the amount of $135 million in Deutsche Telekom AG, of Germany v. The Republic of India at the U. S. District Court for the District of Columbia.

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.