June 14, 2018 - Zachary Zanghi, the New York-based business partner of British investment advisor Benjamin Alderson, who was recently accused of securities fraud by the U.S. Securities and Exchange Commission, was himself involved in impropriety a few years ago for which he was fired by Citigroup, OffshoreAlert can reveal.
June 13, 2018 - Bermuda-based rum producing and exporting group Gosling Brothers has sued its Chief Financial Officer, Trudie Ottolini, for $572,789 that it claims she spent without authorization over a 21-day period in March.
June 05, 2018 - Investment advisor deVere USA, Inc. has agreed to pay an $8 million civil money penalty and two former officers - Benjamin Alderson and Bradley Hamilton - have been sued over allegations by the U.S. SEC that they defrauded hundreds of clients, most of them U.S.-based British expatriates.
May 31, 2018 - London Stock Exchange-listed insurance group Hiscox has accused the recently-fired Chief Financial Officer of its Bermuda operations, Yuval Abraham, of misappropriating $1.8 million.
May 17, 2018 - British Virgin Islands-based asset recovery attorney Martin Kenney has agreed "in principle" to pay $425,000 to settle his U. S. liability to CIGNA Worldwide Insurance Company concerning a failed asset recovery attempt on behalf of businesspeople in war-torn Liberia, it was disclosed yesterday in a court filing in the United States.
May 03, 2018 - Irish litigation funder Garrett Kelleher intends to sue Deloitte Ireland, four of its principals, and Deloitte Malta over "advice" concerning his $2.85 million investment in a Cayman Islands claim that led to an arrest warrant and estimated $12 million liability against him in the U.S. He is also exploring suing law firms in the U.S., U.K., and Cayman, including Walkers.
April 30, 2018 - Guernsey-based businessman Steve Dewsnip, who was arrested last year as part of a fraud investigation into Providence Financial Group, is involved with another questionable venture, Connecticut-based Almas Nexus, whose CEO, Mark Nichols, has a history of indebtedness and corporate failure.
April 25, 2018 - A wealthy Brazilian family that owns the Bourbon Hotels & Resorts luxury hotel chain - headed by Alceu Antimo Vezozzo - has accused two investment advisors - Raquel Borges and Rita Ramoni - of using offshore structures in the Bahamas and BVI to steal virtually the entire $14 million of assets they were entrusted to manage.
April 24, 2018 - Bermuda-based Meritus Trust Company is being sued by its former General Counsel, Randall Krebs, who claims he lost up to $1.47 million when, after firing him, the company bought his 26% stake at an undervalued price.
April 22, 2018 - Canadian hedge fund accountant Robert Patraulea, who has worked in Cayman since at least 2004, is appealing against a decision by the Council of the Cayman Islands Institute of Professional Accountants not to renew his license to practice.
