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FRAUD

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Poland: BBVA Compass et al

May 06, 2021 - Application for the appointment of a Commissioner to collect evidence from BBVA Compass Bank and Wells Fargo Bank - pursuant to a request for judicial assistance from Poland - for a criminal investigation into "unknown subject(s) for fraud".

USA v. MoneyGram: 'John Doe' Summons Petition

May 04, 2021 - Ex Parte Petition for Leave to Serve 'John Doe' Summons as part of an IRS investigation into U.S. taxpayers who are suspected of tax evasion using the services of Panama Offshore Legal Services, described as "a Panamanian firm that assists clients in concealing their beneficial ownership of assets", in USA v. MoneyGram Payment Systems Inc. at the U. S. District Court for the District of Minnesota.

USA v. Western Union: 'John Doe' Summons Petition

May 04, 2021 - Ex Parte Petition for Leave to Serve 'John Doe' Summons as part of an IRS investigation into U.S. taxpayers who are suspected of tax evasion using the services of Panama Offshore Legal Services, described as "a Panamanian firm that assists clients in concealing their beneficial ownership of assets", in USA v. Western Union Financial Services Inc. at the U. S. District Court for the District of Colorado.

USA v. Federal Express et al: 'John Doe' Summonses Petition

May 04, 2021 - Ex Parte Petition for Leave to Serve 'John Doe' Summonses as part of an IRS investigation into U.S. taxpayers who are suspected of tax evasion using the services of Panama Offshore Legal Services, described as "a Panamanian law firm that has been providing offshore services since 2000", allegedly offering legal structures formed in several jurisdictions, including Belize, the British Virgin Islands, Delaware, Nevis, Nevada, Panama, Saint Vincent and the Grenadines, and Switzerland, in USA v. Federal Express Corporation, a.k.a. FedEx Express; Fed Ex Ground Package System, Inc., a.k.a. FedEx Ground; DHL Express (USA), Inc., United Parcel Service, Inc., the Federal Reserve Bank of New York, The Clearing House Payments Company LLC, HSBC Bank USA, N.A., Citibank, N.A., Wells Fargo Bank, N.A., and Bank of America, N.A. at the U. S. District Court for the Southern District of New York.

Cayman-based broker Andrew McAlpine pleads guilty to securities fraud conspiracy

May 04, 2021 - Canadian penny stock broker Andrew McAlpine has pleaded guilty to conspiracy to commit securities fraud at federal court in California and received permission to return to his home in the Cayman Islands pending sentencing. Prosecutors have recommended that he serve between six and 12 months in prison and he also faces restitution of "at least $270,689".

USA v. Andrew McAlpine: Plea Agreement

May 03, 2021 - Plea Agreement in USA v. Andrew McAlpine at the U. S. District Court for the Southern District of California.

Dismatrix SPC et al v. Douglas Bassett: Discovery Application

May 03, 2021 - Application by Dismatrix SPC, Asyndeton, and Polysyndeton, all of the Cayman Islands, to take discovery from Douglas M. Bassett, of Umatilla, Florida, USA, for use in legal proceedings against Equity Capital UK Limited in England regarding "a fraudulent Forex trading scheme operated by Mediatrix Capital Inc., Blue Isle Markets Inc., and Blue Isle Markets Ltd.", filed at the U. S. District Court for the Middle District of Florida.

Fei Jing et al v. Yan Sun: Complaint

April 28, 2021 - Complaint alleging "an illegal, unregistered and unlicensed Bitcoin trading operation" in Fei Jing, of Canada; Luosu Li, of China; Jinyu He, of California; Duanyang Wang, of China; Tian Lan, of Washington, and Chuyao Feng, of Georgia, USA v. Yan Sun, of New York, at the U. S. District Court for the Eastern District of New York.

Serco Geografix Ltd.: News Release on Statement of Facts

April 28, 2021 - Statement of Facts by the United Kingdom's Serious Fraud Office regarding a Deferred Prosecution Agreement with Serco Geografix Ltd.

Lithuania: ESmotorsport

April 26, 2021 - Application for the appointment of a Commissioner to collect evidence from IAA, Inc., described as an "online auction business" - pursuant to a request for judicial assistance from Lithuania - for a criminal investigation into ESmotorsport, of Lithuania, for suspected fraud and tax evasion.

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.