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Cayman law firm sued by clients who claim to have lost $524K in 'phishing scam'

July 09, 2020 - Cayman Islands law firm Giglioli & Company is being sued by clients David and Michelle Holden, who claim the company's computer server was hacked and emails intercepted, causing them to be swindled out of US$523,998.

David Holden et al v. Giglioli & Company: Writ of Summons

June 17, 2020 - Writ of Summons regarding an alleged "phishing scam" that caused a $523,998 loss in David Holden and Michelle Holden v. Giglioli & Company, a law firm, at the Grand Court of the Cayman Islands.

Henry Orren Merren IV et al v. Cayman Islands Attorney General et al: Petition

June 12, 2020 - Petition in Henry Orren Merren IV, Hanson Phillip Ebanks, and Alric Jeremy Lindsay v. The Attorney General of the Cayman Islands, the Premier of the Cayman Islands, the Cabinet of the Cayman Islands, the LegislativeAssembly of the Cayman Islands, the Cayman Islands Legal Practitioners Association Ltd., and the Cayman Attorneys Regulation Authority at the Grand Court of the Cayman Islands.

Elko Broadband Ltd. v. HaiderMota BNR et al: Notice of Removal

May 18, 2020 - Notice of Removal, including a copy of the complaint alleging professional malpractice regarding a proposed transaction involving Warid Telecom International, of the United Arab Emirates, in Elko Broadband Ltd., of Reno, Nevada v. HaiderMota BNR, described as a law firm in Pakistan, and A.F. Ferguson & Company, described as an accounting firm in Pakistan, at the U. S. District Court for the District of Nevada.

Marshall Diel & Myers Ltd. v. Andrew Crisson: Ruling

May 07, 2020 - Ruling on an application to vary a freezing injunction in Marshall Diel & Myers Limited, a law firm in Bermuda v. Andrew Crisson at Bermuda Supreme Court.

SPS Corp I - Fundo de Investimento em Direitos Creditórios Não Padronizados v. Citibank et al: Discovery Application

May 07, 2020 - Application by SPS Corp I - Fundo de Investimento em Direitos Creditórios Não Padronizados, described as "a Brazilian special purpose fund owned by passive investors and exclusively managed by the company SPS Capital Gestão de Recursos Ltda.", to take discovery from Citibank, N.A., The Bank of New York Mellon Corporation, Société Générale, HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank, Bank of America, N.A., Wells Fargo Bank, N.A., The Clearing House Payments Company LLC, The Claridge’s Company LLC, Manhattan Skyline Management Corp., Gabrielle Miranda Fischer, LIM College, Katherine Holman, Humphrey Willard, Andrew M. Klinger, Langen & Langen, P.A., Katz & Matz, P.C., and Tellulah LLC for use in legal proceedings in São Paulo, Brazil involving Eduardo Fischer, described as "a well-known figure of the Brazilian advertising industry" who is suspected of "concealing his assets to defraud his creditors" using entities in Angola, Argentina, Brazil, British Virgin Islands, Colombia, Delaware, Florida, and Portugal, filed at the U. S. District Court for the Southern District of New York.

Treasures London Ltd. et al v. Poonam Keswani: Complaint

May 07, 2020 - Complaint alleging fraud in Treasures London Limited and Harjit Singh Athwal, a lawyer, both of London, England v. Poonam Keswani, of New York, NY, at the U. S. Bankruptcy Court for the Southern District of New York.

BITO Storage Solutions US, Inc. v. Henry Roske et al: Discovery Application

May 01, 2020 - Application by BITO Storage Solutions US, Inc. to take discovery from Henry Roske, a.k.a. Hendrik Roske, a lawyer, and H. Roske & Associates LLP, a law firm, both of New York, "for use in (i) an ongoing criminal investigation conducted by the Public Prosecutors of Duisburg, Lueneburg, and Hamburg, Germany with regard to a fraud scheme of which Applicant is a victim, and (ii) a civil action to be filed by Applicant before the German civil court to recover the funds diverted from Applicant through the aforementioned fraud", filed at the U. S. District Court for the Southern District of New York.

Cayman fund obtains $5M award against NY lawyer for Bitcoin scam

May 01, 2020 - Cayman Islands-domiciled Benthos Master Fund Ltd. has obtained a $5 million arbitration award against New York attorney Aaron Etra regarding "a purported sale of Bitcoin that turned out to be a scam".

Benthos Master Fund Ltd. v. Aaron Etra: Petition to Confirm Arbitration Award

April 30, 2020 - Petition to Confirm Final Arbitration Award of $5 million regarding "a purported sale of Bitcoin that turned out to be a scam" in Benthos Master Fund Ltd., a Cayman Islands fund based in San Francisco v. Aaron Etra, described as "an attorney licensed to practice law in New York", at the U. S. District Court for the Southern District of New York.

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.