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

UNLICENSED ACTIVITY

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

SEC v. Kik Interactive Inc.: Proposed Final Judgment

October 20, 2020 - Proposed Final Judgment to settle allegations regarding the sale of digital tokens in U. S. Securities and Exchange Commission v. Kik Interactive Inc., of Canada, at the U. S. District Court for the Southern District of New York.

CFTC sues operators of BitMEX crypto derivatives platform

October 01, 2020 - The CFTC has sued eight companies and individuals in or from Bermuda, Hong Kong, Seychelles, United Kingdom, and the United States, alleging they operated a cryptocurrency derivatives platform without being registered.

CFTC v. BitMEX et al: Complaint

October 01, 2020 - Complaint for alleged unregistered activity by a self-described "world's largest cryptocurrency derivatives platform in the world with billions of dollars' worth of trading each day" in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

SEC v. Kik Interactive Inc.: Summary Judgment Opinion and Order

September 30, 2020 - Summary Judgment Opinion and Order regarding the alleged sale of $100 million in unregistered digital tokens in U. S. Securities and Exchange Commission v. Kik Interactive Inc., of Canada, at the U. S. District Court for the Southern District of New York.

SEC v. Verley Sembritzky, Jr. et al: Complaint

September 22, 2020 - Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Verley Lee Sembritzky, Jr., of Houston, Texas; Bounty of the Ocean Inc., of the Bahamas, and Ocean Harvest LLC, of Delaware, at the U. S. District Court for the Southern District of Texas.

Unikrn settles SEC action regarding $31M 'unregistered' Bermuda crypto sale

September 15, 2020 - Seattle-based online sports gaming operator Unikrn Inc. has agreed to pay a fine of $6.1 million to settle an administrative action by the SEC alleging it raised $31 million through the sale of unregistered securities by its Bermuda subsidiary in the form of digital tokens.

Forex Birds Ltd. et al: Emergency Cease and Desist Order

September 03, 2020 - Emergency Cease and Desist Order for alleged fraud and the sale of unregistered securities involving "cryptocurrency trading investment programs" in Texas State Securities Board v. Forex Birds Ltd., Kumar Babu Gondesi, a citizen of India; Eric Balusek, a.k.a. Darwin Eric Balusek, a.k.a. Bitcoin Pope, all of England and Saint Vincent and the Grenadines, and Pek Universe, of Australia.

SEC v. Geoffrey Thompson: Complaint

September 03, 2020 - Complaint alleging "a series of unregistered securities offerings" for Canadian "cannabis company" Covalent Collective Inc., in U. S. Securities and Exchange Commission v. Geoffrey Thompson, described as "a recidivist securities laws violator", at the U. S. District Court for the Northern District of Illinois.

SAS aquisition & sales AG: Public Warning

September 01, 2020 - Public Warning by the Swiss Financial Market Supervisory Authority that SAS aquisition & sales AG is suspected of "conducting unauthorised activities in the financial market". Editor's Note: Research by OffshoreAlert in the Swiss Commercial Registry showed that the authorized representative of SAS aquisition & sales AG is Michael Ciuret, a citizen of France, while former representatives include Eric Glatt, a citizen of Germany, and Jean-Pierre Laurent.

Technische Isolierung Schweiz GmbH: Public Warning

September 01, 2020 - Public Warning by the Swiss Financial Market Supervisory Authority that Technische Isolierung Schweiz GmbH is suspected of "conducting unauthorised activities in the financial market". Editor's Note: Research by OffshoreAlert in the Swiss Commercial Registry showed that the "partner and manager" of Technische Isolierung Schweiz GmbH is Sven Forster, a citizen of Germany, while resigned representatives included Dirk Essinger, a citizen of of Germany, and Adrian Kaiser.

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.

View Recent Digests

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.