June 21, 2021 - Cayman Islands-domiciled Income Collecting 1-3 Months T-Bills Mutual Fund, whose directors reside in the Bahamas and British Virgin Islands, and its Israeli principal, Ofer Abarbanel, have been accused by the U.S. SEC of swindling investors who have been unable to redeem $106 million.
June 21, 2021 - Asset Freeze Application in U. S. Securities and Exchange Commission v. Ofer Abarbanel, described as a citizen of Israel residing in California; Victor Chilelli, described as a resident of Delaware, and Income Collecting 1-3 Months T-Bills Mutual Fund, described as "a mutual fund registered in the Cayman Islands", as Defendants, and Institutional Syndication LLC, North American Liquidity Resources LLC, Institutional Secured Credit LLC, Growth Income Holdings LLC, and Global EMEA Holdings LLC, as Relief Defendants, at the U. S. District Court for the Southern District of New York.
June 21, 2021 - Complaint alleging "a fraudulent investment scheme" in U. S. Securities and Exchange Commission v. Ofer Abarbanel, described as a citizen of Israel residing in California; Victor Chilelli, described as a resident of Delaware, and Income Collecting 1-3 Months T-Bills Mutual Fund, described as "a mutual fund registered in the Cayman Islands", as Defendants, and Institutional Syndication LLC, North American Liquidity Resources LLC, Institutional Secured Credit LLC, Growth Income Holdings LLC, and Global EMEA Holdings LLC, as Relief Defendants, at the U. S. District Court for the Southern District of New York. Editor's Note: In the complaint, the SEC alleged that "Abarbanel and Chilelli arranged for friends (including a friend's wife) and nominee personnel in the Bahamas and British Virgin Islands to serve as directors of the Fund". Research by OffshoreAlert at the Cayman Islands General Registry showed that the directors of Income Collecting 1-3 Months T-Bills Mutual Fund are Boisy Roberts, of the Bahamas, and "Trevo Liburd", of the British Virgin Islands, which appears to be a typo and a reference to Trevor Liburd.
June 21, 2021 - The Enforcement Branch of the Ontario Securities Commission is seeking fines and other penalties against British Virgin Islands-domiciled, Singapore-based cryptocurrency derivatives exchange Bybit for operating "contrary to the public interest".
June 21, 2021 - Statement of Allegations alleging unregistered securities activity involving cryptocurrencies in the Enforcement Branch of the Ontario Securities Commission v. Bybit Fintech Limited, described as a British Virgin Islands-domiciled "online crypto asset trading platform", and which appears to be based in Singapore, before the Ontario Securities Commission.
June 17, 2021 - Class Action Complaint alleging fraud in Mason Capital Master Fund, L.P., of the Cayman Islands v. EQT Corporation, Steven T. Schlotterbeck, Robert J. McNally, David L. Porges, and David E. Schlosser, Jr. at the U. S. District Court for the Western District of Pennsylvania.
June 16, 2021 - Class Action Complaint alleging fraud in Canyon Balanced Master Fund Ltd., of the Cayman Islands; The Canyon Value Realization Master Fund L.P., of the Cayman Islands; Canyon-GRF Master Fund II, L.P., of the Cayman Islands; EP Canyon Ltd., of the British Virgin Islands, and Canyon Value Realization Fund, L.P., of Delaware v. EQT Corporation, described as a Pennsylvania-domiciled "natural gas producer" whose shares are listed on the New York Stock Exchange; Steven T. Schlotterbeck, Robert J. McNally, David L. Porges, and David E. Schlosser, Jr. at the U. S. District Court for the Western District of Pennsylvania.
June 15, 2021 - Public Notice by the Austrian Financial Market Authority that it has imposed a fine of €160,000 on European Lithium Limited "for the dissemination of information and messages that sent out false and misleading signals to the market in relation to a financial instrument". Editor's Note: Research by OffshoreAlert showed that, on its website at https://europeanlithium.com/, European Lithium's "Directors and Senior Management" are described as Tony Sage – Non-Executive Chairman; Dietrich Wanke – Chief Executive Officer; Kimon Gkomozias – Executive Director; Malcolm Day – Non-Executive Director; and Melissa Chapman – CFO & Company Secretary.
June 15, 2021 - Class Action Complaint alleging securities fraud in Scopia Windmill Fund LP, of Delaware; Scopia PX LLC, of Delaware; Scopia PX International Master Fund LP, of Bermuda; Scopia Partners LLC, of Delaware; Scopia LB LLC, of Delaware; Scopia LB International Master Fund LP, of Bermuda; Scopia International Master Fund LP, of Bermuda; Scopia Long QP LLC, of Delaware; Scopia Long LLC, of Delaware; Scopia Long International Master Fund LP, of Bermuda v. EQT Corporation, Steven T. Schlotterbeck, Robert J. McNally, David L. Porges, and David E. Schlosser, Jr. at the U. S. District Court for the Western District of Pennsylvania.
June 11, 2021 - Complaint alleging fraud in U. S. Securities and Exchange Commission v. Ramiro Jose Sugranes, described as a citizen of Nicaragua residing in Miami, Florida; UCB Financial Advisers Inc., of Florida, and UCB Financial Services Limited, of Chile, as Defendants, and Ramiro Sugranes Hernandez and Thelma Lanzas de Sugranes, residents of Nicaragua, as Relief Defendants, at the U. S. District Court for the Southern District of Florida.
