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Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

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Richard Targett-Adams: Findings & Sanctions

August 19, 2019 - Order Instituting Administrative Proceedings, Making Findings, & Imposing Remedial Sanctions in the Matter of Richard Targett-Adams, a resident of France, regarding Wintercap SA, of Switzerland, before the U. S. Securities and Exchange Commission.

Rajindersingh Borthosow: Public Notice of Cancellation of Disqualification

August 19, 2019 - Public Notice by the Mauritius Financial Services Commission regarding the cancellation of the disqualification of Rajindersingh Borthosow.

MKM Longboat Multi-Strategy Fund Ltd.: Petition

August 16, 2019 - Petition in the matter of MKM Longboat Multi-Strategy Fund Limited (Dissolved) at the Grand Court of the Cayman Islands.

Lorenz Erne: Insider Trading Penalty

August 15, 2019 - Findings and Sanctions regarding insider trading in the U. S. Securities and Exchange Commission v. Lorenz Erne, of Switzerland.

Beverstone Fund Management et al: Decision

August 15, 2019 - Decision in National Futures Association v. Beverstone Fund Management, of the Cayman Islands, and Roland Kaehler, a citizen of Canada, by the Business Conduct Committee of the National Futures Association.

Banc De Binary Ltd.: Settlement

August 14, 2019 - Announcement by the Cyprus Securities and Exchange Commission of a settlement with Banc De Binary Ltd.

Medisun Precision Medicine, Ltd. et al: Administrative Proceedings

August 13, 2019 - Order Instituting Administrative Proceedings in the matter of Medisun Precision Medicine, Ltd., of the Marshall Islands, whose shares are listed on OTC Link; Next Graphite, Inc., of Nevada, and Omni Shrimp, Inc., of Nevada, before the U. S. Securities and Exchange Commission.

SEC v. Stuart Frost et al: Complaint

August 13, 2019 - Complaint alleging securities fraud regarding funds in the Cayman Islands and Delaware in U. S. Securities and Exchange Commission v. Stuart Frost, of Laguna Niguel, California, and Frost Management Company LLC, of Delaware, at the U. S. District Court for the Central District of California.

CFTC v. Yukom Communications Ltd. et al: Complaint

August 12, 2019 - Complaint for "an illegal and fraudulent 'binary options' trading scheme" involving companies in Anguilla, Bulgaria, Cyprus, Gibraltar, Israel, Malta, Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and the United Kingdom in Commodity Futures Trading Commission v. Yukom Communications Ltd., of Israel; Linkopia Mauritius Ltd., of Mauritius; Wirestech Limited, d.b.a. BigOption, of the Marshall Islands; WSB Investments Ltd., d.b.a. BinaryBrook, of Anguilla, Gibraltar, St. Vincent and the Grenadines, and the United Kingdom; Zolarex Ltd., d.b.a. BinaryOnline, of the Marshall Islands; Yakov Cohen, an Israeli residing in Israel and Mauritius; Yossi Herzog, of Israel; Lee Elbaz, of Israel, currently incarcerated in the USA, and Shalom Peretz, of Israel, at the U. S. District Court for the Northern District of Illinois.

Crypto Asset Fund LLC et al v. Worldwide Asset eXchange et al: Complaint

August 12, 2019 - Complaint alleging cryptocurrency-related securities fraud in Crypto Asset Fund LLC, of Delaware, and Digital Capital Management LLC, of Delaware v. OPSkins Group Inc., d.b.a. Worldwide Asset eXchange, a Canadian company based in Santa Monica, California; Exposition Park Holdings SEZC, of the Cayman Islands; William Quigley, of California; Jonathan Yantis, of California; John Brechisci, of California, and Malcolm CasSelle, of California, at the U. S. District Court for the Central District of California.

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.