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SEC v. Jerry Li: Complaint

November 14, 2019 - Complaint alleging violations of the Foreign Corrupt Practices Act and Securities Exchange Act in U. S. Securities and Exchange Commission v. Jerry Li, a citizen and resident of China, at the U. S. District Court for the Southern District of New York.

King & Spalding LLP v. Turn8 Innovation Fund GP Ltd.: Writ of Summons

November 13, 2019 - Writ of Summons in King & Spalding LLP v. Turn8 Innovation Fund GP Limited at the Grand Court of the Cayman Islands.

Orbis Opportunity Fund (Cayman) LP et al v. David Alan Boyer et al: Complaint

November 13, 2019 - Complaint for damages of $4.1 million for alleged fraud in Orbis Opportunity Fund LP, of Delaware, and Orbis Opportunity Fund (Cayman) LP, of the Cayman Islands v. David Alan Boyer, of Miami, Florida; Savanna Leasing LLC, of Florida; Joel Plasco, of Miami, Florida; Paul Michael Pickett, "whose residency is unknown", and Odyssey Engines LLC, of Florida, at the U. S. District Court for the Southern District of Florida.

SEC v. Benjamin Alderson et al: Pryor Cashman Opposition to Alternative Service

November 12, 2019 - Non-Party Pryor Cashman LLP's Motion Opposing Defendant Alderson's Motion to Authorize Alternative Service of Subpoenas regarding Nigel Green, described as a resident of Dubai; Beverley Yeomans, described as a resident of Malta, and deVere Group Ltd., described as domiciled in Dubai, in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

SEC v. Benjamin Alderson et al: Discovery Disputes

November 12, 2019 - Joint Letter regarding discovery disputes in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

Apex Fund Services Ltd. et al v. Matthew Clingerman et al: Ruling

November 12, 2019 - Ruling regarding an application for an anti-suit injunction to halt legal proceedings in New York in Apex Fund Services Ltd. and Peter Hughes v. Matthew Clingerman, as Receiver of The Silk Road M3 Fund, a segregated account of Silk Road Funds Limited, and Silk Road Funds Limited at Bermuda Supreme Court.

Jiazhou Chen v. Yunji Inc. et al: Class Action Complaint

November 12, 2019 - Complaint in Jiazhou Chen v. Yunji Inc., described as a Cayman Islands firm based in China; Shanglue Xiao, of China; Chen Chen, of China; Huan Hao, of China; Qingrong Kong, of China; Yanhua Sun, of China; Wei Ying, of China; Morgan Stanley & Co., of New York, NY; Credit Suisse Securities (USA) LLC, of New york, NY; JPMorgan Securities LLC, of New York, NY; China International Capital Corporation Hong Kong Securities Limited, of Hong Kong, and Top Capital Partners Limited, of New Zealand, at the U. S. District Court for the Eastern District of New York.

Sabby Volatility Warrant Master Fund Ltd. v. Pareteum Corporation et al: Complaint

November 11, 2019 - Complaint in Sabby Volatility Warrant Master Fund Ltd., of the Cayman Islands v. Pareteum Corporation, Robert H. Turner, Edward O'Donnell, Denis McCarthy, Victor Bozzo, Robert Lippert, Yves van Sante, and Luis Jimenez-Tunon at the U. S. District Court for the Southern District of New York.

Vicki Willard v. UP Fintech Holding Ltd. et al: Class Action Complaint

November 06, 2019 - Complaint alleging securities fraud in Vicki Rongey Willard v. UP Fintech Holding Limited, described as a Cayman Islands-domiciled, China-based "online brokerage"; Tianhua Wu, John Fei Zeng, Yonggang Liu, Lei Fang, David Eric Friedland, and Vincent Chun Hung Cheung at the U. S. District Court for the Southern District of New York.

$150M lawsuit alleges crypto fraud by parties in Antigua, BVI, Hong Kong & US

November 04, 2019 - A complaint for damages of $150M for alleged cryptocurrency futures trading fraud and the operation of an unlicensed money transmitting business has been filed against individuals and companies in Antigua, British Virgin Islands, Hong Kong, and the United States, including Alameda Research and FTX Trading.

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.