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Isle of Man FSA v. Montpelier (Trust and Corporate) Services Ltd.: Judgment

July 09, 2019 - Judgment regarding a Temporary Advocate's License for James Collins QC, of Essex Chambers, in Isle of Man Financial Services Authority v. Montpelier (Trust and Corporate) Services Limited at the Isle of Man High Court.

Swiss lawyer & Antigua Ambassador Dario Item fights Labuan regulatory ban, obtains Google removal

July 09, 2019 - London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has legally challenged director and officer disqualifications against him in Labuan and persuaded Google to remove an OffshoreAlert article from its European search engine results.

US lawyers & accountants sued over 'illegal and abusive' offshore tax scheme

July 04, 2019 - A class action complaint has been filed in the United States against professional advisers in Arizona, Florida, and New York, captive insurers in Saint Kitts and Nevis, and others for allegedly designing and promoting "illegal and abusive tax shelters" into which "premiums" totaling tens of millions of dollars were paid.

Benyamin Avrahim et al v. Clark & Gentry et al: Class Action Complaint

July 03, 2019 - Complaint alleging fraud regarding "illegal and abusive tax shelters" involving offshore captive insurers in the Caribbean in Feedback Insurance Company, Ltd., of Saint Kitts and Nevis; Benyamin Avrahami, Orna Avrahami, BYS Company, ACC, Chandler One, LLC, Junction Development, LLC, O & E Corporation, White Mountain Equities, LLC, and White Knight Investment, ACC, all of Arizona v. Celia Clark, of New York; Clark & Gentry, PLLC, of New York; John Garcia, of New York, as Personal Representative for the Estate of Craig McEntee; McEntee & Associates PC, of New York; Neil Hiller, of Arizona; Fennemore Craig, PC, of Arizona; Allen Rosenbach, of Florida; ACR Solutions Group, of Florida; RMS Solutions, Inc., of Illinois; Heritor Management, Ltd., of Saint Kitts and Nevis; and Pan American Reinsurance Company, Ltd., of Saint Kitts and Nevis, at the U. S. District Court for the District of Arizona.

Park Properties Ltd. v. Cox Hallett Wilkinson: Writ of Summons

June 24, 2019 - Specially Endorsed Writ of Summons regarding a property rental agreement in Park Properties Limited v. Cox Hallett Wilkinson, a Bermuda law firm, at Bermuda Supreme Court.

Grant Thornton and law firms agree to settle Providence Financial lawsuit

June 20, 2019 - Accounting firm Grant Thornton and law firms Cadwalader, Wickersham & Taft, and Greene Espel have agreed to pay a combined $849,243 to settle claims that they aided and abetted a $150 million investment fraud perpetrated by the Providence Financial Group, which was based in Guernsey, Miami, and Brazil.

Bermuda Bar Council v. Walkers (Bermuda) Ltd.: Privy Council Judgment

June 10, 2019 - Judgment in Bermuda Bar Council v. Walkers (Bermuda) Ltd. at the Privy Council, in the United Kingdom.

Samson Law Ltd. v. Fred McLaughlin: Writ of Summons

June 07, 2019 - Writ of Summons in Samson Law Ltd. v. Fred A. McLaughlin at the Grand Court of the Cayman Islands.

Antigua's Ambassador to Spain banned as director & officer in Labuan

June 06, 2019 - London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has been disqualified and removed from acting as a director and officer of Blue Investment Bank and Blue Wealth Management in Labuan.

Providence Financial Investments Inc. et al v. Grant Thornton et al: Motion to Approve Settlement

June 03, 2019 - Motion by Chapter 7 Trustee Maria Yip to approve settlement agreement and release, for entry of a bar order, and to approve payment of a contingency fee in Providence Financial Investments Inc. and Providence Fixed Income Fund LLC v. Cadwalader Wickersham & Taft LLP, of New York; Grant Thornton LLP, of Illinois; and Greene Espel PLLP, of Minnesota, at the U. S. Bankruptcy Court for the Southern District of Florida.

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.