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Nirvi Management Ltd. et al: Liquidator Change

October 20, 2020 - Communiqué by the Mauritius Financial Services Commission that Bhavish Bhooshan Ramdhony has been appointed as the liquidator of Nirvi Management Ltd. and Lotus Fund Ltd., replacing Mohammad Reaz Emambocus.

USA et al v. Google LLC: Complaint

October 20, 2020 - Complaint seeking "to restrain Google LLC from unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States through anticompetitive and exclusionary practices, and to remedy the effects of this conduct" in USA, State of Arkansas, State of Florida, State of Georgia, State of Indiana, State of Kentucky, State of Louisiana, State of Mississippi, State of Missouri, State of Montana, State of South Carolina, and State of Texas v. Google LLC at the U. S. District Court for the District of Columbia.

Big Time Holdings Inc.: Securities Registration Revocation

October 19, 2020 - Administrative Order by the U. S. Securities and Exchange Commission revoking the registration of securities issued by Big Time Holdings, Inc., described as a "forfeited Delaware corporation located in Douglas, Isle of Man". Editor's Note: In a filing with the SEC on October 29th, 2018, Big Time Holdings Inc. identified its CEO and sole director as David Smeed, its former directors and officers as Thomas DeNunzio, Brian Kistler, and Mandla Gwadiso, and its principal shareholders as Ascot Group Plc, of the Isle of Man, and Palewater Global Management, Inc., of New York, NY. Records filed with the Isle of Man's Companies Registry show that the directors of Ascot Group Plc are David Gordon Smeed, of Dublin, Ireland, and Lee John Bernard Murphy, of the Isle of Man.

Costa Rica: Maria Marta Silva Meneses et al

October 19, 2020 - Application for the appointment of a Commissioner to collect evidence from Wells Fargo Bank - pursuant to a request for judicial assistance from Costa Rica - for a criminal investigation into "Maria Marta Silva Meneses and other unknown subjects" for suspected involvement in investment fraud.

Miami Metals I Inc. v. Minera Don Nicolas S.A.: Complaint

October 19, 2020 - Complaint for $8 million in Donna H. Lieberman, as the litigation trustee of the Miami Metals Litigation Trust v. Minera Don Nicolas S.A., of Buenos Aires, Argentina, at the U. S. Bankruptcy Court for the Southern District of New York.

Datto Inc. et al v. Daniel Moore: Complaint

October 19, 2020 - Complaint alleging "unlawful misappropriation of Datto's valuable trade secrets and other confidential information to use at a direct competitor, ConnectWise LLC, and to unlawfully gain a competitive advantage in the marketplace" in Datto Inc., described as a Delaware-domiciled, Connecticut-based "leading provider of cloud-based software and technology solutions", and Datto Europe Limited, of England v. Daniel Moore at the U. S. District Court for the Middle District of Florida.

Collector's Coffee Inc. et al v. Debevoise & Plimpton LLP et al: Complaint

October 17, 2020 - Complaint alleging "Defendants abysmally failed in their duties to represent Plaintiffs in a U.S. Securities and Exchange Commission investigation, undertook acts of concealment, fraud, and allegedly violations of law, causing damages of catastrophic nature to their former clients, effectively destroying the Corporation and its principal’s life" in Collector's Coffee Inc., a.k.a. Collector's Cafe Inc., and Mykalai Kontilai, individually and as CEO of Collector's Coffee Inc. v. Debevoise & Plimpton LLP, described as a law firm based in Washington, D.C.; Andrew J. Ceresney, described as a partner of Debevoise & Plimpton; Dustin Brockner, described as an associate of Debevoise & Plimpton, and Miheer Mhatre, described as a former associate of Debevoise & Plimpton, at the U. S. District Court for the District of Columbia.

Emerging Markets Investment Fund IA: License Suspension

October 16, 2020 - Public Notice by the Mauritius Financial Services Commission that it has suspended the "Global Business Licence" and "authorisation to operate as a CIS and Expert Fund" of Emerging Markets Investment Fund IA. Editor's Note: Research by OffshoreAlert in the Corporate and Business Registration Department in Mauritius showed that Emerging Markets Investment Fund IA was incorporated on February 10th, 2015, its sole director is Sahjahan Ally Nauthoo, its sole shareholder is Emerging India Fund Management Ltd., and its "Management Company" and secretary is Trident Trust Company (Mauritius) Limited.

Emerging India Fund Management Ltd.: License Suspensions

October 16, 2020 - Public Notice by the Mauritius Financial Services Commission that it has suspended the "Global Business Licence" and "CIS Manager Licence" of Emerging India Fund Management Ltd. Editor's Note: Research by OffshoreAlert in the Corporate and Business Registration Department in Mauritius showed that Emerging India Fund Management Ltd. was incorporated on May 19th, 2008, its directors are Antish Bundhun and Ashis Teemulsingh Luchowa, and its secretary is Trident Trust Company (Mauritius) Limited.

Tambore International: Restoration Application

October 16, 2020 - Originating Application in the matter of Tambore International at the Grand Court of the Cayman Islands.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

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US tycoon Bob Brockman indicted for '$2B offshore tax fraud scheme'
US software tycoon Bob Brockman has been criminally indicted in California for an alleged $2 billion offshore tax evasion scheme involving accounts and entities in Bermuda, British Virgin Islands, Cayman Islands, Nevis, and Switzerland. In a related case, billionaire private equity boss Robert Smith agreed to pay penalties of $139 million to avoid prosecution.
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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.