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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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F1 Markets Ltd.: License Partial Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to partially suspend the license of F1Markets Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of F1 Markets Ltd. are identified as Alon Helbetz, Petros Mylonas, Elon Essar, Loukas Kokkinos, Maria Panagi, and Panagiotis Kallis, and the secretary as Stella Stylianou.

Rodeler Limited: License Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to suspend the license of Rodeler Limited. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Rodeler Limited are identified as Uzi Baruch, Kfir Cohen, Charalampos Georgakis, Ioannis Assiotis, and Dimitrios Leontis, and the secretary as Stella Stylianou.

Magnum FX (Cyprus) Ltd.: License Partial Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to partially suspend the license of Magnum FX (Cyprus) Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Hoch Capital Ltd. are identified as Andreas Matsas, George Miltiadou, Diana Jomantaite-Theocharous, Eliahu Eliron Shirazi, and Antonios Antoniou, and the secretary as Trea Secretarial Limited.

Hoch Capital Ltd.: License Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to suspend the license of Hoch Capital Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Hoch Capital Ltd. are identified as Rodion Rahnayev, Eleni Michailidou, Christodoulos Christodoulou, and Chrysoula Kitti Savva and the secretary as Dilea Secretarial Limited.

Pauline Stonehill v. FBI: Complaint

June 01, 2020 - Complaint under the Freedom of Information Act regarding "the Government's role in the investigation and wiretapping" of Harry S. Stonehill, deceased, "the subsequent illegal raids on his businesses in the Philippines in 1962 and the use of Stonehill's lawyer as a government informant" in Pauline Dale Stonehill, of Malaga, Spain, widow of Harry Stonehill v. Federal Bureau of Investigation at the U. S. District Court for the District of Columbia.

Royal Yuyo Shipping SA v. Productos Agropecuarios de Tehuacan et al: Petition

June 01, 2020 - Petition in Royal Yuyo Shipping SA, of Panama v. Productos Agropecuarios de Tehuacan, Productos Avicolas el Cavario, and Socorro Romero Sanchez SA de CV, all of Mexico, at the U. S. District Court for the Southern District of New York.

Leif-Erik Hvide v. Holt Financial Ltd. et al: Complaint

June 01, 2020 - Complaint alleging breach of contract, unjust enrichment, fraudulent inducement, and conspiracy to defraud in Leif-Erik Hvide, of Brazil v. Holt Financial Ltd., of the Bahamas; Holdun Family Office (Bahamas) Limited, of the Bahamas; Holt Accelerator Inc., of Canada; Holt Accelerator LP, of Canada; Brendan Holt Dunn, of the Bahamas; Margaret 'Maggie' Dunphy, Jan Christopher Arp, and Gordon Dempsey, all of Canada, at the U. S. District Court for the Southern District of Florida.

Equity Trust (Jersey) Ltd.: £115,575 Fine

June 01, 2020 - Public Statement by the Jersey FinancialServices Commission regarding a fine of £115,575 imposed on Equity Trust (Jersey) Limited

WEC 98D-5 LLC et al v. Financial Structures Ltd.: Complaint

June 01, 2020 - Complaint in WEC 98D-5 LLC, WEC 98D-4 LLC, WEC 98D-23 LLC, WEC 98D-26 LLC, WEC 98D-6 LLC, and WEC 98D-17 LLC, each of which is "a single purpose 'bankruptcy remote' company that owns a single parcel of real estate" v. Financial Structures Limited, of Bermuda, at the U. S. District Court for the Northern District of Texas.

Indication Investments Ltd.: €160,000 Settlement

May 29, 2020 - Announcement by the Cyprus Securities and Exchange Commission that Indication Investments Ltd. paid €160,000 to settle "possible violations of its regulatory obligations". Editor's Note: Research by OffshoreAlert showed that, in records kept by the Department of Registrar of Companies, the directors of Indication Investments Ltd. are identified as Thomas Xydas, Viacheslav Aleksandrovich Taran, Andrei Nikolaev, Alexey Trifonov, Giorgos  Stylianou, and Michalis Kyriakidis.

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.