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FRAUD

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Former deVere USA officers settle SEC fraud complaint

July 10, 2020 - British nationals Benjamin Alderson and Bradley Hamilton have agreed to pay penalties totaling $750,000 to settle a fraud complaint by the SEC regarding their employment with investment firm deVere USA.

Benjamin Alderson: Industry Ban

July 09, 2020 - Administrative Order imposing an industry ban on Benjamin Alderson, a resident of the United Kingdom and a former CEO of deVere USA Inc., before the U. S. Securities and Exchange Commission.

Cayman law firm sued by clients who claim to have lost $524K in 'phishing scam'

July 09, 2020 - Cayman Islands law firm Giglioli & Company is being sued by clients David and Michelle Holden, who claim the company's computer server was hacked and emails intercepted, causing them to be swindled out of US$523,998.

SEC v. Benjamin Alderson: Final Judgment

July 08, 2020 - Final Judgment regarding an allegation that the defendant "defrauded hundreds of clients and prospective clients resident in the United States by misleading them about the benefits of irreversibly transferring their United Kingdom pensions to an offshore pension plan while concealing serious conflicts of interest" in U. S. Securities and Exchange Commission v. Benjamin Alderson, a citizen of the United Kingdom and a former employee of deVere USA, Inc., at the U. S. District Court for the Southern District of New York.

SEC v. Bradley Hamilton: Final Judgment

July 08, 2020 - Final Judgment regarding an allegation that he "defrauded hundreds of clients and prospective clients resident in the United States by misleading them about the benefits of irreversibly transferring their United Kingdom pensions to an offshore pension plan while concealing serious conflicts of interest" in U. S. Securities and Exchange Commission v. Bradley Hamilton, a citizen of the United Kingdom and a former employee of deVere USA, Inc., at the U. S. District Court for the Southern District of New York.

Curtis Heffernan v. Dan Bilzerian et al: Whistleblower Retaliation Complaint

July 07, 2020 - Complaint alleging whistleblower retaliation, defamation, and wrongful termination regarding "a serious concern of financial fraud, investor fraud, deceptive accounting practices and tax evasion by Ignite", which "is in the business of selling cannabidiol, cannabis, and beverage products", in Curtis Heffernan v. Ignite International Ltd., of Wyoming; Ignite International Brands Ltd., of Canada, and Dan Bilzerian at the Superior Court for the State of California, County of Los Angeles.

Adrian Guenter Lenz: Chapter 15 Petition

July 07, 2020 - Chapter 15 Petition of a Foreign Main Proceeding in Germany by Jens Lieser, as the Foreign Representative of Adrian Guenter Lenz, the latter of whom is facing "ongoing criminal proceedings for fraud against, inter alia, Deutsche Post AG, on a repetitive basis, as well as tax evasion", at the U. S. Bankruptcy Court for the Middle District of Florida.

Carol Brown v. Wirecard AG et al: Class Action Complaint

July 07, 2020 - Class Action Complaint alleging securities fraud in Carol A. Brown v. Wirecard AG, of Germany; Markus Braun, Jan Marsalek, Burkhard Ley, Alexander von Knoop, Susanne Steidl, Wulf Matthias, and Ernst & Young GmbH Wirtschaftspruefungsgesellschaft at the U. S. District Court for the Eastern District of Pennsylvania.

Argentina: Jaime Moises Jacubovich et al

July 02, 2020 - Application for the appointment of a Commissioner to collect evidence from the Development Corporation of Israel - pursuant to a request for judicial assistance from Argentina - for a criminal investigation into Jaime Moises Jacubovich, Claudia Irene Jacubovich, and Patricio Sion Eduardo Emsanie for suspected fraud.

Weilin Xu et al v. Opus Capital LLC et al: Complaint

July 01, 2020 - Complaint alleging "misappropriation of millions of dollars invested by innocent and naïve investors ... in an illegal, fake and fraudulent 'real estate development' scheme" in Weilin Xu, Zhongyang Jiang, and Grand Vision Overseas Holdings Limited, of the British Virgin Islands v. Opus Capital LLC, of California, and Kevin H. Zhang at the Superior Court of the State of California, County of Los Angeles.

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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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.