January 17, 2020 - Criminal and regulatory charges alleging fraud have been brought in New Jersey against Canadian Boaz Manor and Israeli attorney Edith Pardo regarding a $30 million Initial Coin Offering by BCT Inc. SEZC, of the Cayman Islands.
January 07, 2020 - Nearly two years after their appointment and having run out of cash, the Joint Administrators of Britain's Privilege Wealth Plc have applied to wind up the company, which collapsed after its £40 million-plus investment fraud was exposed by OffshoreAlert.
January 02, 2020 - US law firm Faegre Baker Daniels is being sued for legal malpractice for allegedly advising a cryptocurrency fund that "Crypto Assets are not securities", only for the Fund - controlled by Timothy Enneking - to be later targeted by the SEC, eventually paying $200,000 to settle an Enforcement Action.
December 30, 2019 - In an application to take discovery from 12 US banks, a financial institution owned by six Arab nations claims that "hundreds of millions of dollars are missing" from a Cayman Islands investment fund that was set up to invest in "port-related assets around the world".
December 27, 2019 - U.K. national David Rae, who was exposed by OffshoreAlert in 2012 for his role in a £100 million investment fraud by Cayman Islands-domiciled Axiom Legal Financing Fund, has pleaded guilty to money laundering in New Jersey regarding unrelated health care fraud schemes.
December 24, 2019 - Two "whistleblowers" in India and England are suing the British, Dubai and New York operations of their former employer, Standard Chartered Bank, for allegedly retaliating against them for exposing "a highly sophisticated money laundering scheme on behalf of Iran".
December 23, 2019 - Swiss regulator FINMA has announced that two unrelated firms - SASuisse Group GmbH and BrokerGroup AG - have been placed under regulatory supervision, effective December 17th.
December 20, 2019 - The Swiss Financial Market Supervisory Authority has warned the public that Samuray Consulting AG - whose principal is Burhan Samuray, of Germany - is suspected of conducting unauthorized financial activity.
December 18, 2019 - The Swiss Financial Market Supervisory Authority has warned the public that cryptocurrency exchange Lescovex Exchange SA - whose principal is Spaniard Vicent Nos Ripolles - is suspected of conducting unauthorized financial activity.
December 10, 2019 - Switzerland-based HSBC Private Bank (Suisse) SA has agreed to pay $192 million and cooperate with tax investigations under a deferred prosecution agreement with the USA after being criminally charged with conspiracy to commit tax fraud.
