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


eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Poland: Linode LLC

August 21, 2019 - Application for the appointment of a Commissioner to collect evidence from Linode LLC - pursuant to a request for judicial assistance from Poland - for a criminal investigation into an unknown subject for cryptocurrency-related fraud.

ICO Rating: Sanctions Order

August 20, 2019 - Order Instituting Cease-and-Desist Proceedings, Making Findings and Imposing Cease-and-Desist Order regarding Initial Coin Offerings in U.S. Securities and Exchange Commission v. ICO Rating, of Russia.

Crypto Asset Fund LLC et al v. Worldwide Asset eXchange et al: Complaint

August 12, 2019 - Complaint alleging cryptocurrency-related securities fraud in Crypto Asset Fund LLC, of Delaware, and Digital Capital Management LLC, of Delaware v. OPSkins Group Inc., d.b.a. Worldwide Asset eXchange, a Canadian company based in Santa Monica, California; Exposition Park Holdings SEZC, of the Cayman Islands; William Quigley, of California; Jonathan Yantis, of California; John Brechisci, of California, and Malcolm CasSelle, of California, at the U. S. District Court for the Central District of California.

Christine Grablis et al v. OneCoin Ltd. et al: First Amended Class Action Complaint

August 02, 2019 - First Amended Class Action Complaint regarding an alleged cryptocurrency fraud in which much of the proceeds were allegedly laundered in the Cayman Islands and Ireland in Donald Berdeaux, of Montana, and Christine Grablis, of Tennessee v. OneCoin Ltd., of Bulgaria; Ruja Ignatova, of Bulgaria; Konstantin Igantov, of Bulgaria; Sebastian Greenwood, of Sweden; Mark Scott, of Coral Gables, Florida; Irina Andreeva Dilinska, David Pike, of Coral Gables, Florida, and Nicole J. Huesmann, of Coral Gables, Florida, at the U. S. District Court for the Southern District of New York.

USA v. Alexander Vinnik et al: Complaint

July 25, 2019 - Complaint alleging violation of the Bank Secrecy Act regarding an alleged cryptocurrency-based money laundering scheme in USA v. BTC-e, a.k.a. Canton Business Corp., domiciled in "either Cyprus and/or the Seychelles Islands" and operating "in Bulgaria, the Seychelles Islands and other jurisdictions", and Alexander Vinnik, "a Russian national who is currently incarcerated in Greece", at the U. S. District Court for the Northern District of California. AG: Public Warning

July 25, 2019 - Public Warning by the Swiss Financial Market Supervisory Authority about "unauthorized activities" by cryptocurrency firm AG, whose 'Founders' on its website are identified as Markus Dold, of Germany; Dariia Manovytska, of Ukraine, and Holger Czesnat, of Germany.

Cayman crypto firm Kowala sued for securities fraud in California

July 17, 2019 - Cayman Islands cryptocurrency firm Kowala SEZC and its US-based principals - Eiland Glover, John Reitano, and Walker Willse - are being sued for securities fraud in California regarding 'tokens' known as kCoin for which the defendants allegedly raised more than $3 million but never launched.

Merkamerica Inc. v. Kowala SEZC et al: Complaint

July 16, 2019 - Complaint alleging securities fraud involving cryptocurrency in Merkamerica Inc., of California v. Eiland Glover, of Tennessee; John Reitano, of California; Walker Willse, of Tennessee; and Kowala SEZC, of the Cayman Islands, at the U. S. District Court for the Central District of California.

United American Corp. v. Motion to Effect Service

July 12, 2019 - Plaintiff's Motion for Judicial Assistance to effect service in Saint Kitts and Nevis on Saint Bitts LLC, d.b.a., for a complaint alleging cryptocurrency fraud in United American Corp. v. Bitmain Inc., of Delaware; Saint Bitts LLC, d.b.a., of Saint Kitts & Nevis; Roger Ver, of Japan; Bitmain Technologies Ltd., of Hong Kong; Bitmain Technologies Holding Company, of the Cayman Islands; Jihan Wu, of California; Payward Ventures Inc., d.b.a. Kraken, of Delaware; Jesse Powell, of California; Amaury Sechet, of France; Shammah Chancellor, of California; and Jason Cox, of California, at the U. S. District Court for the Southern District of Florida.

Guardian Coin Inc. v. Graeme De Renzy et al: Petition

July 12, 2019 - Petition and Motion to Confirm Arbitration Award for $50 million in Guardian Coin Inc., a Cayman Islands-domiciled cryptocurrency firm whose directors include British businessman Harvey Boulter v. UK Capital Reserve Ltd., of England, and Graeme De Renzy, of Ireland, at the U. S. District Court for the District of Columbia.

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.