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Jerome Wilson-Chalkley v. BitMEX et al: Complaint

November 30, 2020 - Complaint alleging fraud involving cryptocurrency in Jerome Wilson-Chalkley, of London, England v. HDR Global Trading Limited, a.k.a. BitMEX, described as a Seychelles-domiciled "cryptocurrency/derivatives exchange"; ABS Global Trading Limited, of San Francisco, California, and Arthur Hayes at the Superior Court of the State of California, County of San Francisco.

Ramona Ang v. Reliantco Investments Ltd.: Judgment

November 27, 2020 - Approved Judgment regarding the termination of an account that was used to invest in Bitcoin futures in Ramona Ang, who is "married to Dr Craig Wright, a specialist computer scientist and researcher with cybersecurity and blockchain expertise, who claims to be the or a principal inventor of Bitcoin" v. Reliantco Investments Ltd., of Cyprus, at the High Court of Justice, in London.

TFS-ICAP Ltd.: £3M Fine

November 23, 2020 - Press Release by the United Kingdom's Financial Conduct Authority announcing it has imposed a fine of £3.44 million on TFS-ICAP Ltd., described as "an FX options broker", for "market misconduct".

YS QS STSBF I LLC et al v. Hudson Cove Credit Opportunity Master Fund LP: Complaint

November 20, 2020 - Complaint in YS QS STSBF I LLC, YS QS STSBF II LLC, YS QS STSBF III LLC, YS QS STSBF IV LLC, YS QS STSBF V LLC, YS QS Reserve A LLC, and YS QS CML VI LLC, all Delaware companies based in New York, NY v. Hudson Cove Credit Opportunity Master Fund LP, of the Cayman Islands, at the Supreme Court of the State of New York, County of New York.

Ed Hershewe v. JOYY Inc. et al: Class Action Complaint

November 20, 2020 - Class Action Complaint alleging fraud in Ed J. Hershewe v. JOYY Inc., formerly known as YY Inc., described as a Cayman Islands company based in China whose shares are listed on NASDAQ; David Xueling Li, Bing Jin, and Eric He at the U. S. District Court for the Central District of California.

Rock International Investment Inc.: Chapter 15 Petition

November 20, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Xing Guan, of China, as the Foreign Representative of Rock International Investment Inc., at the U. S. Bankruptcy Court for the Southern District of Texas.

BDO Cayman Ltd. et al v. Ardent Harmony Fund Inc.: Ruling

November 19, 2020 - Ruling dismissing "BDO Cayman's application for leave to commence proceedings against Ardent for an injunction to restrain them from continuing the New York proceedings" in BDO Cayman Ltd. , of the Cayman Islands, and BDO Trinity Ltd. , of Trinidad and Tobago v. Ardent Harmony Fund Inc. (in Official Liquidation) at the Grand Court of the Cayman Islands.

Evenstar Master Fund SPC v. Jing Cao et al: Discovery Application

November 18, 2020 - Application by Evenstar Master Fund SPC, for and on behalf of Evenstar Master Sub-Fund I Segregated Portfolio, and Evenstar Special Situations Limited to take discovery from Jing Cao, Research Center on Natural Conservation Inc., New York Military Academy, Wall Street Global Training Center Inc., and Best Work Holdings (New York) LLC for use in legal proceedings in the Cayman Islands, filed at the U. S. District Court for the Southern District of New York.

Dekrypt Capital LLC et al v. Uphold Ltd. et al: Amended Complaint

November 13, 2020 - Amended Complaint alleging "Defendants promoted, offered, and sold unregistered and non-exempt securities, called Universal Protocol Tokens, in the United States and in violation of federal and state securities laws" in Dekrypt Capital LLC, of Delaware; Dekrypt Master Fund LP, of the British Virgin Islands; Dekrypt Ventures I LP, of the British Virgin Islands; Arrington XRP Capital Cayman SPV Ltd., of the Cayman Islands, and Arrington Capital Management LLC, of Washington state v. Uphold Ltd., of the Cayman Islands; Uphold Inc., of Washington state; Uphold HQ Inc., of South Carolina; Juan Pablo Thieriot, of San Francisco, California, and Daniel Schatt, of San Mateo County, California, at the Superior Court of Washington for King County.

Evenstar Master Fund SPC et al v. Vincent Mo et al: Winding Up Petition

November 13, 2020 - Winding Up Petition in Evenstar Master Fund SPC, on behalf of Evenstar Master Sub-Fund I Segregated Portfolio, and Evenstar Special Situations Limited v. Vincent Tianquan Mo and Fang Holdings Limited, described as a Cayman Islands-domiciled, China-based company that "holds itself out as conducting the largest real estate internet listing and search portal in the PRC named Fangtianxia" and whose securities are listed on the New York Stock Exchange, at the Grand Court of the Cayman Islands.

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.