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Greg Taylor: Disqualification

September 25, 2020 - Public Statement by the Isle of Man Financial Services Authority that it has disqualified Greg Nicholas Taylor, who worked as an insurance administrator.

USA v. Danil Potekhin et al: Forfeiture Complaint

September 16, 2020 - Forfeiture Complaint in USA v. Cryptocurrency and Cash allegedly derived from "a large scale, sophisticated 'phishing' campaign" by Russian nationals Danil Potekhin and Dimitrii Karasavidi that targeted cryptocurrency exchanges, including Poloniex, based in San Francisco, domiciled in Delaware; Binance, based in Hong Kong, domiciled in the Cayman Islands, and Gemini Trust Company LLC, based in New York, at the U. S. District Court for the Northern District of California.

Cayman crypto exchange Binance sued for 'laundering $9M Japan theft proceeds'

September 14, 2020 - Cayman Islands-domiciled cryptocurrency exchange Binance Holdings Limited is being sued in California for allegedly laundering more than $9 million of cryptocurrency stolen from a Japanese exchange.

Fisco Cryptocurrency Exchange Inc. v. Binance Holdings Ltd.: Complaint

September 14, 2020 - Complaint alleging "the laundering of stolen cryptocurrency" in Fisco Cryptocurrency Exchange Inc., described as "a Japanese cryptocurrency exchange" v. Binance Holdings Limited, a Cayman Islands cryptocurrency exchange described as "a 'go-to' location for cybercriminals to convert purloined cryptocurrency to other cryptocurrency or cash", at the U. S. District Court for the Northern District of California.

Switzerland: Henry Ukshini

September 04, 2020 - Application for the appointment of a Commissioner to collect evidence from JPMorgan Chase Bank - pursuant to a request for judicial assistance from Switzerland - for a criminal investigation into Henry Ukshini for suspected embezzlement.

USA v. 280 Virtual Currency Accounts: Forfeiture Complaint

August 27, 2020 - Forfeiture Complaint regarding the alleged laundering by Chinese cryptocurrency traders of proceeds from hacks of, and thefts from, virtual currency exchanges, mostly in South Korea, by "North Korea actors" in USA v. 280 Virtual Currency Accounts at the U. S. District Court for the District of Columbia.

Paul Deighton: Disqualified Director

August 11, 2020 - Notice by the Isle of Man Financial Services Authority that Paul Deighton has received a 12-year Disqualification. Editor's Note: In December, 2019, Deighton was sentenced to four years and nine months in prison after being convicted of swindling his clients out of nearly £700,000 in a fraudulent investment scheme via his company, Haven Administration Limited, according to a news article by the Isle of Man Examiner.

Asia Cube Energy Holdings Ltd. v. Inno Energy Tech Co. Ltd. et al: Petition

August 07, 2020 - Petition for Preliminary Injunction "mandating Respondent Hans Chia to return the Petitioner's official company seals in China" in Asia Cube Energy Holdings Ltd., as surviving entity of ISQ District Energy Asia Ltd., of the Cayman Islands v. Inno Energy Tech Co. Ltd., of Samoa, and Hans Chia at the U. S. District Court for the Southern District of New York.

USA v. Vitalii Antonenko: Criminal Indictment

May 26, 2020 - Criminal Indictment regarding "a website that offered for sale the personally identifiable information of hundreds of millions of consumers throughout the United States and around the world" in USA v. Vitalii Antonenko, described as a citizen of Ukraine residing in New York, at the U. S. District Court for the District of Massachusetts.

US crypto investor sues 18-year-old for allegedly stealing $24M (when he was 15)

May 07, 2020 - In a lawsuit, Los Angeles-based blockchain investor Michael Terpin has alleged that he lost "nearly $24 million of cryptocurrency" in a hack whose "evil mastermind" was "a then 15-year-old high school student" in New York who "boasted" of stealing "over $100 million worth of cryptocurrency through scores of hacks".

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.
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.