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USA v. Vasco Investments SA et al: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia"  in USA v. Funds allegedly associated with Khadem Abdulla Al Qubais, a citizen of the United Arab Emirates, held in the names of Vasco Investments Services SA, of the British Virgin Islands, and Eagle Strategic Investment Fund at Bank Privée Edmond de Rothschild, in Luxembourg, at the U. S. District Court for the Central District of California.

Stephen Brahms v. Kirkland Lake Gold Ltd. et al: Class Action Complaint

June 29, 2020 - Class Action Complaint alleging securities fraud in Stephen Brahms, of Redwood, California v. Kirkland Lake Gold Ltd., described as a Canadian company that "operates gold mines in Canada and Australia" and whose shares are listed on the NYSE, and Anthony P. Makuch at the U. S. District Court for the Southern District of New York.

Troy Hogg v. Stephen Braverman et al: Complaint

June 29, 2020 - Complaint for damages of $705,271 and an application for a preliminary injunction in Troy Hogg, of Ontario, Canada v. Stephen Braverman, described as a resident of California; Rozgold Capital LLC, described as a California company; Olde Monmouth Stock Transfer Inc., described as a New Jersey company, formerly known as Next Group Holdings Inc., based in Atlantic Highlands, NJ, and Cuentas Inc., described as a Florida company based in Miami, FL, at the U. S. District Court for the Eastern District of New York.

Public Employees Retirement System of Mississippi v. Mylan NV et al: Class Action Complaint

June 26, 2020 - Class Action Complaint alleging fraud in Public Employees' Retirement System of Mississippi v. Mylan N.V., described as a Netherlands company that "is the second largest generic drug manufacturer in the world" and whose shares are listed on NASDAQ; Heather Bresch, Rajiv Malik, Anthony Mauro, and Kenneth Parks at the U. S. District Court for the Western District of Pennsylvania.

SEC v. NAC Foundation LLC et al: Complaint

June 25, 2020 - Complaint alleging "the fraudulent offer and sale of digital asset securities" in U. S. Securities and Exchange Commission v. NAC Foundation LLC and Rowland Marcus Andrade at the U. S. District Court for the Northern District of California.

SEC v. Jack Abramoff: Consent Judgment

June 25, 2020 - Consent Judgment in U. S. Securities and Exchange Commission v. Jack Alan Abramoff at the U. S. District Court for the Northern District of California.

SEC v. Jack Abramoff: Complaint

June 25, 2020 - Complaint alleging a "fraudulent and unregistered offer ... of a blockchain-based digital token called AML Bitcoin" in U. S. Securities and Exchange Commission v. Jack Alan Abramoff at the U. S. District Court for the Northern District of California.

Novartis AG: $112M Penalties

June 25, 2020 - Administrative Order imposing penalties against Novartis AG, described as a Switzerland-based "global provider of pharmaceutical and healthcare products", for "improper activities", including "improper payments", "forged contracts", and "false books and records", involving its subsidiaries and affiliates in Greece, Singapore, South Korea, and Vietnam, before the U. S. Securities and Exchange Commission.

Cube Infrastructure Fund SICAV et al v. The Kingdom of Spain: Complaint

June 23, 2020 - Complaint to recognize and enforce an arbitral award of €33.7 million in losses, plus costs of €1.5 million and $262,500, in Cube Infrastructure Fund SICAV, of Luxembourg; Cube Infrastructure Managers SA, of Luxembourg; Cube Energy SCA, now Cube Energy Sarl, of Luxembourg; Demeter Partners SA, of France, and Demeter 2 FPCI, of France v. The Kingdom of Spain at the U. S. District Court for the District of Columbia.

Great Western Insurance Co. v. Gregory Tolaram et al: Opinion & Order

June 22, 2020 - Opinion and Order Regarding Motions to Dismiss a complaint alleging "a complex and massive fraud ... resulting in losses exceeding $135 million" involving Cayman Islands-domiciled Alpha Re Limited in Great Western Insurance Co. v. Mark Graham, Blue Capital Management, Inc., Blue Alternative Asset Management, LLC, Blue Elite Fund Ltd., Blue Elite Fund LP, Blue II Ltd., Wilmington Savings Fund Society, FSB, Christiana Trust, Donald Solow, Regatta Holdings LLC, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series 2011-A, Cygnet 001 Master Trust Series 2011-C, Cygnet 001 Master Trust Series 2013-A, Sancus Capital Blue Credit Opportunities Fund Ltd., Ability Insurance Company, Advantage Capital Holding, LLC, Dan Cathcart, Kenneth King, and Gregory Tolaram 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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Creditors apply to wind up Cayman's Obelisk Capital Management
Alleging "serious wrongdoing", two creditors claiming to be owed $448,333 under a loan bearing interest at 10% per month have applied to wind up Cayman Islands-based Obelisk Capital Management Ltd., which manages factoring and gold funds for Obelisk Global, whose directors include Jazeb Jones, who was previously dismissed as MD of a Cayman bank over his relationship with a client accused of committing a £50 million fraud.
LATEST ARTICLES & DOCUMENTS  
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.