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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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SEC v. Sergey Grybniak et al: Complaint

January 21, 2020 - Complaint alleging "a fraudulent and unregistered initial coin offering of digital asset securities" in U. S. Securities and Exchange Commission v. Sergii 'Sergey' Grybniak, of Brooklyn, NY, and Opporty International Inc., of Delaware, as Defendants, and Clever Solution Inc., of Delaware, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

Ava Trade Ltd.: News Release

January 20, 2020 - News Release by the Alberta Securities Commission announcing a settlement agreement with Ava Trade Ltd., of the British Virgin Islands, "for acting as a dealer without being registered".

SEC v. Boaz Manor et al: Complaint

January 17, 2020 - Complaint alleging fraud involving a $30 million Initial Coin Offering in U. S. Securities and Exchange Commission v. Boaz Manor, a.k.a. Shaun MacDonald, of Toronto, Canada; Edith Pardo, a.k.a. Edith Pardo Mehler, a.k.a. Edith Mehler, of Bloomfield, New Jersey; CG Blockchain, Inc., of New York, NY, and BCT Inc. SECZ, formerly known as BCT Inc., of the Cayman Islands, at the U. S. District Court for the District of New Jersey.

Ava Trade Ltd.: Settlement Agreement

January 16, 2020 - Settlement Agreement in the amount of C$243,000 for unregistered activity in the matter of Ava Trade Ltd., of the British Virgin Islands, before the Alberta Securities Commission.

SEC-targeted fund sues law firm for advising that 'Crypto Assets are not securities'

January 02, 2020 - US law firm Faegre Baker Daniels is being sued for legal malpractice for allegedly advising a cryptocurrency fund that "Crypto Assets are not securities", only for the Fund - controlled by Timothy Enneking - to be later targeted by the SEC, eventually paying $200,000 to settle an Enforcement Action.

Samuray Consulting AG suspected of 'unauthorized activity', warns Swiss regulator

December 20, 2019 - The Swiss Financial Market Supervisory Authority has warned the public that Samuray Consulting AG - whose principal is Burhan Samuray, of Germany - is suspected of conducting unauthorized financial activity.

USA v. Reginald Fowler: Change of Plea Letter

December 19, 2019 - Letter Motion regarding a "change of plea" in USA v. Reginald Fowler, a.k.a. Reggie Fowler, an alleged cryptocurrency fraudster associated with British Virgin Islands-domiciled cryptocurrency exchange Bitfinex, at the U. S. District Court for the Southern District of New York.

Samuray Consulting AG: Public Warning

December 19, 2019 - Public Warning by the Swiss Financial Market Supervisory Authority regarding Samuray Consulting AG, whose corporate filings in Switzerland show that its principal is Burhan Samuray, of Berlin, Germany.

Swiss crypto exchange Lescovex targeted by financial regulator

December 18, 2019 - The Swiss Financial Market Supervisory Authority has warned the public that cryptocurrency exchange Lescovex Exchange SA - whose principal is Spaniard Vicent Nos Ripolles - is suspected of conducting unauthorized financial activity.

Lescovex Exchange SA: Public Warning

December 18, 2019 - Public Warning by the Swiss Financial Market Supervisory Authority regarding Lescovex Exchange SA, a cryptocurrency exchange whose corporate records in Switzerland show that its principal is Vicent Nos Ripolles, a citizen of Spain.

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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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
LATEST ARTICLES & DOCUMENTS  
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.