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Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

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Bulgaria: Apple Inc.

January 27, 2020 - Application for the appointment of a Commissioner to collect evidence from Apple Inc. - pursuant to a request for judicial assistance from Bulgaria - for a criminal investigation into the theft of "36 portable computers" by an "unknown perpetrator".

Gulf Investment Corp. v. Bank of America et al: Discovery Application

December 26, 2019 - Application by Gulf Investment Corporation, of Kuwait, described as "a supranational financial institution owned equally by the six Gulf Cooperation Council states: The Kingdom of Bahrain; The State of Kuwait; The Sultanate of Oman; The State of Qatar; The Kingdom of Saudi Arabia; and The United Arab Emirates", to take discovery from Bank of America, NA, The Bank of New York Mellon, Citibank, NA, Deutsche Bank AG, New York Branch; Deutsche Bank Trust Company USA, Goldman Sachs and Co., HSBC Bank USA, NA, JPMorgan Chase Bank, NA, Mashreqbank PSC, New York Branch; National Australia Bank Limited, New York Branch; Standard Chartered Bank, New York Branch; and Wells Fargo Bank NA for use in "contemplated litigation in the Cayman Islands" regarding "hundreds of millions of dollars that have gone missing", filed at the U. S. District Court for the Southern District of New York.

USA v. Microsoft Corporation: Records Application

December 20, 2019 - Ex Parte Application by the USA for an Order requiring Microsoft Corporation to provide records for a criminal investigation into "computer intrusions at several U.S. companies and the subsequent thefts and/or use of stolen customer credentials", filed at the U. S. District Court for the Northern District of California.

Phillip Sean McCarthy: Disqualified Director

December 20, 2019 - Notice by the Isle of Man Financial Services Authority regarding the Director Disqualification of Phillip Sean McCarthy.

Isle of Man FSA v. Phillip Sean McCarthy: Judgment

November 28, 2019 - Judgment imposing a Disqualification in Isle of Man Financial Services Authority v. Phillip Sean McCarthy at the Isle of Man High Court.

Switzerland: Walter Hans Zellweger

September 16, 2019 - Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance  from Switzerland - for a criminal investigation into Walter Hans Zellweger for suspected fraud and misappropriation.

British lawyer George Lonsdale struck off for dishonesty

September 06, 2019 - Yet another British lawyer - George Lonsdale - who was involved with the fraudulent Cayman Islands-domiciled Axiom Legal Financing Fund has been struck off for dishonesty, this time for stealing from an elderly client in an unrelated incident.

Solicitors Regulation Authority v. George Lonsdale: Judgment

August 15, 2019 - Judgment on an Agreed Outcome in Solicitors Regulation Authority v. George Lonsdale at the Solicitors Disciplinary Tribunal.

Templeton Insurance Ltd. v. Greg Taylor: Contempt Judgment

July 11, 2019 - Judgment on Contempt of Court regarding the "deliberate and flagrant disobedience" of freezing and disclosure orders involving stolen funds in Templeton Insurance Limited v. Greg Nicholas Taylor at the Isle of Man High Court.

$79M judgment against former soccer executive Jack Warner

July 10, 2019 - A judgment for $79 million was entered yesterday at federal court in New York against Trinidad and Tobago-based Jack Warner, a former Vice President of FIFA, which governs world soccer.

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.