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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering

January 22, 2020 - A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.

Eric Sabatini v. Central European Media Enterprises Ltd. et al: Class Action Complaint

January 21, 2020 - Class Action Complaint in Eric Sabatini v. Central European Media Enterprises Ltd., of Bermuda; John K. Billock, Alfred W. Langer, Parm Sandhu, Kelli Turner, Peter Knag, and Trey Turner at the U. S. District Court for the District of Delaware.

USA v. Roland Mathys: Forfeiture Complaint

January 21, 2020 - Forfeiture Complaint in USA v. CHF 2.3 million in accounts in the name of Roland Mathys, a citizen of Switzerland, at Credit Suisse (Switzerland) AG that are allegedly the proceeds of fraud, filed at the U. S. District Court for the Southern District of New York.

SEC v. Sergey Grybniak et al: Complaint

January 21, 2020 - Complaint alleging "a fraudulent and unregistered initial coin offering of digital asset securities" in U. S. Securities and Exchange Commission v. Sergii 'Sergey' Grybniak, of Brooklyn, NY, and Opporty International Inc., of Delaware, as Defendants, and Clever Solution Inc., of Delaware, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

State of Qatar v. First Abu Dhabi Bank PJSC et al: First Amended Complaint

January 17, 2020 - First Amended Complaint alleging fraud regarding "brazen schemes to manipulate the markets of Qatari currency. bonds, and other financial instruments" that "arise out of an illicit blockade of Qatar by the Kingdom of Saudi Arabia, the United Arab Emirates, and the Kingdom of Bahrain, which seeks to isolate Qatar by land, air, and sea" in State of Qatar v. First Abu Dhabi Bank PJSC, of Abu Dhabi, and Samba Financial Group SJSC at the Supreme Court of the State of New York, County of New York.

Equity Power Fund: Shareholder Letter (January 17, 2020)

January 17, 2020 - Shareholder Letter by the Board of Directors of LFP I SICAV SIF S.A., of Luxembourg, providing an update into an investigation into Equity Power Fund for suspected fraud.

IIG Global Trade Finance Fund Ltd.: Chapter 15 Petition

January 17, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Alexander Lawson and Christopher Kennedy, of Alvarez and Marsal Cayman Islands Ltd., as the Foreign Representatives of IIG Global Trade Finance Fund Ltd. (in Official Liquidation), at the U. S. Bankruptcy Court for the Southern District of New York.

Fraud charges filed over Cayman firm's $30M ICO

January 17, 2020 - Criminal and regulatory charges alleging fraud have been brought in New Jersey against Canadian Boaz Manor and Israeli attorney Edith Pardo regarding a $30 million Initial Coin Offering by BCT Inc. SEZC, of the Cayman Islands.

USA v. Boaz Manor et al: Criminal Indictment

January 17, 2020 - Criminal Indictment alleging fraud involving an Initial Coin Offering in USA v. Boaz Manor, of Canada, and Edith Pardo, a.k.a. Edith Pardo Mehler, a.k.a. Edith Mehler, at the U. S. District Court for the District of New Jersey.

SEC v. Boaz Manor et al: Complaint

January 17, 2020 - Complaint alleging fraud involving a $30 million Initial Coin Offering in U. S. Securities and Exchange Commission v. Boaz Manor, a.k.a. Shaun MacDonald, of Toronto, Canada; Edith Pardo, a.k.a. Edith Pardo Mehler, a.k.a. Edith Mehler, of Bloomfield, New Jersey; CG Blockchain, Inc., of New York, NY, and BCT Inc. SECZ, formerly known as BCT Inc., of the Cayman Islands, at the U. S. District Court for the District of New Jersey.

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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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
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.