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AltaCorp Capital v. FINRA et al: Complaint

July 07, 2020 - Complaint "to permanently enjoin an arbitration" in AltaCorp Capital, of Calgary, Alberta, Canada v. Financial Industry Regulatory Authority Inc., FINRA Regulation Inc., formerly known as FINRA Dispute Resolution Inc., and John Cloghesy at the U. S. District Court for the Southern District of New York.

Carol Brown v. Wirecard AG et al: Class Action Complaint

July 07, 2020 - Class Action Complaint alleging securities fraud in Carol A. Brown v. Wirecard AG, of Germany; Markus Braun, Jan Marsalek, Burkhard Ley, Alexander von Knoop, Susanne Steidl, Wulf Matthias, and Ernst & Young GmbH Wirtschaftspruefungsgesellschaft at the U. S. District Court for the Eastern District of Pennsylvania.

LCM XXII Ltd. et al v. Serta Simmons Bedding LLC et al: Complaint

July 02, 2020 - Complaint alleging "improper debt exchange with a handpicked group of first-lien lenders" in LCM XXII Ltd., LCM XXIII Ltd., LCM XXIV Ltd., LCM XXV Ltd., LCM 26 Ltd., LCM27 Ltd., and LCM 28 Ltd., all of the Cayman Islands v. Serta Simmons Bedding LLC, described as a Delaware company based in Georgia; Advent International Corporation, described as a Delaware company based in Boston, MA; Eaton Vance Management, described as a Maryland company based in Massachusetts; Invesco Senior Secured Management Inc., described as a Delaware company based in New York; Credit Suisse Asset Management LLC, described as a Delaware company based in New York; Boston Management and Research, described as a Maryland company based in Massachusetts, and Barings LLC, described as being domiciled and based in Massachusetts, at the U. S. District Court for the Southern District of New York.

USA v. Property in France: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia" in USA v. Real Property Located in Paris, France Titled In The Name Of Ave Raphael (Paris) SCI at the U. S. District Court for the Central District of California.

USA v. Jean-Michel Basquiat's 'Self-Portrait' Drawing: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia" in USA v. One Drawing Entitled 'Self-Portrait' by Jean-Michel Basquiat, "previously owned by Christopher Joey McFarland", a co-producer of 'The Wolf of Wall Street' movie, at the U. S. District Court for the Central District of California.

USA v. Andy Warhol's 'Campbell's Soup' Painting et al: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia" in USA v. One Painting Entitled 'Colored Campbell's Soup Can (Emerald Green), 1965' by Andy Warhol and One Painting entitled 'Vétheuil au Soleil' by Claude Monet, both "currently located n Switzerland", at the U. S. District Court for the Central District of California.

USA v. Andy Warhol's 'Round Jackie' Portrait: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia" in USA v. One Portrait Entitled 'Round Jackie' By Andy Warhol, "previously owned" by Kasseem Dean, a.k.a. Swiss Beatz, a hip hop musician residing in New Jersey, that is "currently in the custody of the United States Marshals Service" at the U. S. District Court for the Central District of California.

USA v. River Dee International SA: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia" in USA v. Funds associated with Jasmine Loo Ai Swan, a citizen of Malaysia, in the name of River Dee International SA, of the British Virgin Islands, at Falcon Private Bank Ltd., in Switzerland, at the U. S. District Court for the Central District of California.

USA v. Vasco Investments SA et al: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia"  in USA v. Funds allegedly associated with Khadem Abdulla Al Qubais, a citizen of the United Arab Emirates, held in the names of Vasco Investments Services SA, of the British Virgin Islands, and Eagle Strategic Investment Fund at Bank Privée Edmond de Rothschild, in Luxembourg, at the U. S. District Court for the Central District of California.

Rite Aid of New Jersey Inc. et al v. Financial Structures Ltd. et al: Complaint

June 30, 2020 - Complaint in Rite Aid of New Jersey Inc., Rite Aid of Pennsylvania LLC, Rite Aid of Michigan Inc., and Rite Aid of New Hampshire Inc. v. WEC 98D-10 LLC, of Texas; WEC 98D-13 Investment Trust, of Delaware; WEC 98D-17 LLC, of Texas; WEC 98D-4 LLC, of Texas; WEC 98D-5 LLC, of Texas;; Financial Structures Limited, of Bermuda, and Pittsfield RA-320 LLC, of Delaware, at the U. S. District Court for the District of New Jersey.

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.