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SEC v. Sergey Grybniak et al: Complaint

January 21, 2020 - Complaint alleging "a fraudulent and unregistered initial coin offering of digital asset securities" in U. S. Securities and Exchange Commission v. Sergii 'Sergey' Grybniak, of Brooklyn, NY, and Opporty International Inc., of Delaware, as Defendants, and Clever Solution Inc., of Delaware, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

Kestrel Insurance Services Ltd.: Civil Penalty

January 17, 2020 - Public Statement announcing the imposition of a civil penalty against insurance broker Kestrel Insurance Services Limited, whose directors during the relevant period were identified as Alan Burrows, Kate Burrows, and Paul Coniglio-Burrows. Research by OffshoreAlert showed that, in its 2019 annual return with the Isle of Man Government, the company's shareholders were identified as Beacon Holdings Ltd., of the Isle of Man; Mark Burrows, of the Isle of Man; Alan Burrows, and Paul Coniglio-Burrows.

Fraud charges filed over Cayman firm's $30M ICO

January 17, 2020 - Criminal and regulatory charges alleging fraud have been brought in New Jersey against Canadian Boaz Manor and Israeli attorney Edith Pardo regarding a $30 million Initial Coin Offering by BCT Inc. SEZC, of the Cayman Islands.

SEC v. Boaz Manor et al: Complaint

January 17, 2020 - Complaint alleging fraud involving a $30 million Initial Coin Offering in U. S. Securities and Exchange Commission v. Boaz Manor, a.k.a. Shaun MacDonald, of Toronto, Canada; Edith Pardo, a.k.a. Edith Pardo Mehler, a.k.a. Edith Mehler, of Bloomfield, New Jersey; CG Blockchain, Inc., of New York, NY, and BCT Inc. SECZ, formerly known as BCT Inc., of the Cayman Islands, at the U. S. District Court for the District of New Jersey.

SEC v. Gregory Drake et al: Complaint

January 15, 2020 - Complaint alleging fraud in U. S. Securities and Exchange Commission v. Gregory Lamont Drake, Stephen Kenneth Grossman, Stephen Scott Moleski, Jason David St. Amour, and David Alan Wolfson, who allegedly "operated call centers and/or worked in call centers that were engaged in soliciting investors to purchase the securities of numerous microcap companies whose shares traded on the over-the-counter market", at the U. S. District Court for the Central District of California.

KTH Capital Management Ltd.: License Revocation

January 14, 2020 - Decision Notice by the Cayman Islands Monetary Authority announcing the license revocation of KTH Capital Management Limited.

FTC v. Grand Bahama Cruise Line, LLC et al: Complaint

January 10, 2020 - Complaint alleging an "illegal telemarketing operation" in Federal Trade Commission v. Grand Bahama Cruise Line, LLC, of Florida; Ultimate Vacation Group, LLC, d.b.a. Royal Bahamas Cruise Line, LLC, of Florida; Tropical Accommodations LLC, d.b.a. Grand Celebration Cruise Line; VSC, LLC, of Delaware; Cabb Group, LLC, of Florida; Florida V.S.C. Inc., of Florida; Jonathan Blake Curtis, Anthony DiGiacomo, Christopher A. Cotroneo, Christina R. Peterson, and Robert J. Peterson II at the U. S. District Court for the Middle District of Florida.

Pacifico Global Advisors Ltd.: Public Notice

January 09, 2020 - Public Notice by the Securities Commission of the Bahamas regarding Pacifico Global Advisors Ltd. (in Liquidation).

Morgan Gatsby Ltd.: Fine

January 06, 2020 - Decision Notice by the Dubai Financial Services Authority announcing a fine against Morgan Gatsby Limited regarding the promotion of Essel Africa Natural Resource Fund, of Luxembourg, and other matters. Editor's Note: Research by OffshoreAlert showed that, according to the website of the Dubai International Financial Centre, Morgan Gatsby Limited went into liquidation on February 5th, 2019, that its directors are Gagan Jawahar Goyal, Shahzaad Siraj Dalal, and Ajay Rajinder Arora, and former directors include Pankaj Prem Gupta, Mazin Mohammad Mohyelddin Alkhatib, Farhan Abdulrahim Mohammed Faraidooni, Ahmad Abdulla Juma Binbyat, and George Zaki George Mushahwar.

SEC v. Kenneth Ciapala et al: Complaint

January 02, 2020 - Complaint alleging securities fraud regarding EMS Find, Inc. in U. S. Securities and Exchange Commission v. Kenneth Ciapala, described as "a resident of Meyrin, Switzerland", and BlackLight SA, of Switzerland, 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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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
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.