February 10, 2019 - An "advisor" to the first cryptocurrency firm to be approved for an Initial Coin Offering by the Bermuda government pleaded guilty to a $200,000 fraud in the U.S. eight years ago and is still on probation, OffshoreAlert can reveal. He is Dan Sloan, who is associated with California-based Uulala Ltd.
January 29, 2019 - British businessman Simon Hoyle is suing compatriot Daniel McGowan in Bermuda for allegedly freezing him out of litigation funder Centaur Group.
January 27, 2019 - Two of Bermuda's new blockchain start-ups - Uulala Ltd. and Arbitrade Ltd. - are being operated by North Americans with long records of business failures, indebtedness, and scandal, OffshoreAlert can reveal.
January 15, 2019 - Two Cayman Islands funds managed by New York-based Pharo Management have filed a complaint against Venezuela over the alleged default of government bonds in which they claim to own a "beneficial interest" totaling $115.5 million.
January 15, 2019 - Investment advisor deVere USA, Inc., whose clients are primarily British expatriates, has been ordered to pay the legal fees and costs of former CEO Benjamin Alderson who is being sued for fraud by the SEC at federal court in New York.
January 14, 2019 - A $2.5 million judgment has been entered in the BVI against notorious Nevis-based, British nominee director Edward Petre-Mears and three Russians for breaches of the jurisdiction's Insolvency Act.
January 09, 2019 - Bermuda-licensed insurer FWD Life Insurance Company (Bermuda) Limited has been fined HKD2.4 million by the Hong Kong Securities and Futures Commission for compliance breaches.
December 18, 2018 - The National Futures Association has suspended Cayman Islands-domiciled Beverstone Fund Management and its Canadian principal, Roland Kaehler, for operating what appears to be a fraudulent scheme in which investors have lost over $6 million.
November 28, 2018 - The wife of Cayman Islands-based, Canadian/Caymanian domain name entrepreneur Frank Schilling is suing two of his companies in an attempt to obtain corporate "data and documents" to which she claims to have been illegally denied access.
October 31, 2018 - Seven Cayman Islands firms whose beneficial owners appear to be accused fraudsters in the United States have gone into liquidation, joining affiliates in the British Virgin Islands and the Bahamas.
