OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

Articles

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Privilege Wealth look-alike C-Tech Financial seeks millions from investors

April 16, 2019 - British businessmen who fronted a failed attempt to keep the collapsed Privilege Wealth investment scheme going under another name in 2017 after it was exposed by OffshoreAlert have launched a look-alike in Florida and England, C-Tech Financial. They are Keith Harris, who is Deputy Chairman of Everton Football Club, and Andrew MacKenzie, who once ran the image rights firm of British politician and Olympic champion Sebastian Coe.

KPMG Bermuda & MD fined by US auditor regulator

April 15, 2019 - KPMG Bermuda and its Managing Director, Damion Henderson, have been fined and censured by the U.S. Public Company Accounting Oversight Board, which regulates auditors of public-traded companies.

NFA accuses Irishman Mark Nichols & Almas Capital of failing to cooperate with investigation

February 26, 2019 - The National Futures Authority in the U.S. has issued a complaint against 56-year-old Irish conman Mark Nichols and his commodity trading advisor Almas Capital Management LLC for allegedly failing to cooperate with an NFA investigation into what appears to be an advance fee fraud - eight months after they were exposed by OffshoreAlert.

Apex Fund Services sued over '$10M fraud' against Silk Road M3 Fund

February 24, 2019 - Apex Fund Services, its CEO, Peter Hughes, and investment firms in the Cayman Islands and Mongolia are being sued in Bermuda regarding an alleged $10 million fraud perpetrated by 46-year-old, New York-based investment manager Alisher Ali Djumanov.

NY-based Logan Sugarman pulled from Bermuda bank purchase after OffshoreAlert uncovers red flags

February 20, 2019 - One of the proposed new beneficial owners of Bermuda Commercial Bank - New York-based Logan Sugarman - has been pulled from the deal after OffshoreAlert uncovered his history of indebtedness in the United States.

Bermuda ICO 'Advisor' Dan Sloan pleaded guilty to fraud in Texas in 2010

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.

Simon Hoyle sues Daniel McGowan over Centaur Group 'freeze out'

January 29, 2019 - British businessman Simon Hoyle is suing compatriot Daniel McGowan in Bermuda for allegedly freezing him out of litigation funder Centaur Group.

EXPOSED: Bermuda cryptocurrency firms Uulala and Arbitrade

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.

Cayman funds sue Venezuela over 'bonds default'

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.

deVere USA ordered to pay legal costs of ex-CEO accused of fraud

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.

OffshoreConnect Free Sign Up

Stay informed & connected

  • Free Email Alerts on Breaking News
  • Free Access to Blogs by Industry Leaders
  • Free Contribute to Due Diligence Forums
ALL FEATURED  
Privilege Wealth look-alike C-Tech Financial seeks millions from investors
British businessmen who fronted a failed attempt to keep the collapsed Privilege Wealth investment scheme going under another name in 2017 after it was exposed by OffshoreAlert have launched a look-alike in Florida and England, C-Tech Financial. They are Keith Harris, who is Deputy Chairman of Everton Football Club, and Andrew MacKenzie, who once ran the image rights firm of British politician and Olympic champion Sebastian Coe.
LATEST NEWS  
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.