March 08, 2021 - Bermuda-domiciled Arbitrade Ltd. and its 48-year-old Canadian principal, Troy Hogg, are being investigated by the Ontario Securities Commission for a suspected US$41 million cryptocurrency fraud, OffshoreAlert can reveal.
March 03, 2021 - British serial fraudster Simon Hooper, 46, has received a non-custodial sentence in England for a scam involving British firm Rationale Investments Limited.
February 25, 2021 - Seven cryptocurrency firms, six of which are domiciled in the British Virgin Islands, including Bitfinex and Tether, have agreed to pay $18.5 million to settle a criminal investigation by the New York State Attorney General, Letitia James.
February 18, 2021 - Middle East-based British polo players led by Richard Fagan who fund their lavish lifestyles through investment fraud have set up a fake 'Swiss bank' and are trying to take over a Cayman Islands fund, OffshoreAlert can reveal.
February 04, 2021 - The British Virgin Islands Government has sued its former long-time US-based legal representative, Lester Hyman, for alleged fraud and corruption after it claims to have lost its entire $7.2 million investment in a failed attempt to start an airline service between the BVI and Miami.
February 03, 2021 - Walkers law firm in the Cayman Islands has successfully appealed a summary judgment that was entered against it in favor of former clients - two Brazilian bankers and related companies - who are seeking damages of up to $400 million for alleged breaches of trust, loyalty, and confidence.
January 31, 2021 - Thailand's Securities and Exchange Commission has filed a criminal complaint against two companies that are part of the deVere Group and one of its former officers, British national Ian McIntyre, for allegedly operating without a securities license.
January 26, 2021 - UPDATED: Shortly after OffshoreAlert reported that British 'blockchain-based, cryptocurrency-friendly' online travel booking start-up Travala, which has raised over £2 million from investors and is now owned by a Cayman Islands firm, was facing compulsory strike off for failure to file its accounts, the firm filed unaudited "Micro-entity Accounts" with Companies House that contained scant details.
January 21, 2021 - UAE-domiciled purported gold supplier SION Trading FZE, which has been implicated in several fraudulent schemes, including a cryptocurrency scam involving Bermuda-based Arbitrade, is being sued in Utah along with individuals and firms in or from Barbados, Canada, England, Panama, St. Lucia, and the USA for allegedly perpetrating a $5 million 'advance fee' fraud.
December 15, 2020 - A Swiss court has frozen nearly $78 million held by a Nevis firm at Mirabaud Bank that originated from Bermuda Commercial Bank and which the U.S. alleges are the proceeds of a bank fraud, tax evasion, and money laundering scheme involving "two U.S. billionaires, Robert Smith and Robert Brockman".
