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Colombia: Reficar SA et al

April 03, 2020 - Application for the appointment of a Commissioner to collect evidence from Standard Chartered Bank, Wells Fargo Bank, Bank of Oklahoma, HSBC, Bank of America, Commerzebank, Credit Agricole, Fifth Third Bank, and BNP Paribas regarding transfers from an account at Bank Mendes Gans NV in the name of CBI Colombiana SA - pursuant to a request for judicial assistance from Colombia - for a criminal investigation into "Reficar S.A. and Colombian public officials for embezzlement by appropriation, improper interest in signing contracts, and illicit enrichment of private individuals".

Nigeria seeks US bank records for investigation into '$10B fraud by BVI shell entity'

March 26, 2020 - Nigeria is seeking records from ten banks in the United States for a criminal investigation into an alleged $10 billion bribery and fraud scheme committed by a "shell entity" in the British Virgin Islands that was set up and operated by citizens of Ireland and the United Kingdom.

Nigeria v. Citibank et al: Discovery Application

March 25, 2020 - Application by the Republic of Nigeria to take discovery from Citibank, N.A., Allied Irish Banks, HSBC Bank USA, Standard New York, Inc., Deutsche Bank Trust Company Americas, J.P. Morgan Chase, United Bank for Africa, Bank of Cyprus, Fortis Private Banking Singapore Limited., and Standard Chartered International (USA) Ltd. for use in "criminal investigations" in Nigeria regarding "a fraudulent scheme to defraud FRN of almost $10 billion ... carried out by Process & Industrial Developments Limited, a British Virgin Islands shell entity with no technical capabilities, virtually no employees, and no demonstrable financial resources", filed at the U. S. District Court for the Southern District of New York.

Ecuador: Marcelo Espin Cunha et al

March 24, 2020 - Application for the appointment of a Commissioner to collect evidence from Wells Fargo Bank - pursuant to a request for judicial assistance from Ecuador - for a criminal investigation into Marcelo Antonio Espin Cunha, Maria Sol Larrea Sanchez, and Carlos Ricardo Espin Cunha for suspected money laundering.

USA v. Leonardo Santilli: Criminal Complaint

March 20, 2020 - Criminal Complaint alleging money laundering regarding the alleged proceeds of bribery and corruption involving Petróleos de Venezuela, SA, a.k.a. PDVSA, described as "Venezuela's state-owned and state-controlled oil company", in USA v. Leonardo Santilli, described as "a Venezuelan and Italian citizen", at the U. S. District Court for the Southern District of Florida.

USA v. Tareck Zaidan El Aissami Maddah et al: Fifth Superseding Indictment

March 13, 2020 - Fifth Superseding Indictment alleging fraud, money laundering, and other offenses in USA v. Tareck Zaidan El Aissami Maddah, described as "the purported vice president for the Economy of Venezuela"; Joselit Ramirez Camacho, described as "the Superintendent of Cryptocurrencies for Venezuela", and Samark Jose Lopez Bello at the U. S. District Court for the Southern District of New York.

USA v. Maikel Jose Moreno Perez: Criminal Complaint

March 13, 2020 - Criminal Complaint alleging money laundering regarding the proceeds of corruption and involving, inter alia, bank accounts in Austria and Switzerland and companies in Belize and Panama in USA v. Maikel Jose Moreno Perez, described as the "President of the Supreme Tribunal in Venezuela", at the U. S. District Court for the Southern District of Florida.

USA v. Nicolas Maduro et al: Second Superseding Indictment

March 05, 2020 - Superseding Indictment alleging narco-terrorism conspiracy, cocaine importation conspiracy, possession of machine guns and destructive devices in USA v. Nicolás Maduro Moros, a former President of Venezuela; Diosado Armando Carvajal Barrios, described as "president of Venezuela's National Constituent Assembly, and a member of the Venezuelan armed forced"; Hugo Armando Carvajal Barrios, a.k.a. 'El Pollo', described as "the director of Venezuela's military intelligence agency"; Clíver Antonio Alcalá Cordones, described as "a former general in the Venezuelan military"; Luciano Marín Arango, a.k.a. 'Ivan Marquez', described as "a Colombian citizen" and member of the Fuerzas Armadas Revolucionarias de Colombia, a.k.a. FARC, and Seuxis Paucis Hernández Solarte, a.k.a. 'Jesús Santrich', described as "a former general in the Venezuelan military", at the U. S. District Court for the Southern District of New York.

Corrupt Antiguan ex-regulator Leroy King admits receiving bribes of $500K from fraudster Allen Stanford

February 10, 2020 - Corrupt ex-Antigua financial regulator Leroy King, 74, faces up to five years in prison in the US after admitting receiving over $500,000 in cash and tickets to two Super Bowls from $7 billion fraudster Allen Stanford in return for turning a blind eye to his activities and obstructing an investigation by the SEC

Sint Maarten: Michael Dijkhoffz et al

February 04, 2020 - Application for the appointment of a Commissioner to collect evidence from Bank of America regarding Cyprus Enterprises LLC, Global Hardware Resellers LLC, and US Caribbean Export LLC - pursuant to a request for judicial assistance from Sint Maarten - for a criminal investigation into Michael Dijkhoffz and others for suspected "money laundering and abuse of power by a civil servant".

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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BAHAMAS  
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BRITISH VIRGIN ISLANDS  
CAYMAN ISLANDS  
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.