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Mossack Fonseca sues Netflix for defamation over Panama Papers-inspired movie 'The Laundromat'

October 15, 2019 - Defunct Panama law firm Mossack Fonseca and its founders - Jürgen Mossack and Ramón Fonseca - have filed a defamation complaint against Netflix in the US, alleging that the recently-released movie 'The Laundromat' portrays them as "ruthless uncaring lawyers who are involved in money laundering, tax evasion, bribery and/or other criminal conduct".

Mossack Fonseca & Co. et al v. Netflix Inc.: TRO Application

October 15, 2019 - Application for a Temporary Restraining Order regarding the movie 'The Laundromat' about the 'Panama Papers' investigation by the International Consortium of Investigative Journalists in Mossack Fonseca & Co. SA, Bufete MF & Co., Jürgen Mossack, and Ramón Fonseca, all of Panama v. Netflix Inc. at the U. S. District Court for the District of Connecticut.

Mossack Fonseca & Co. et al v. Netflix Inc.: Defamation Complaint

October 15, 2019 - Complaint alleging defamation regarding the movie 'The Laundromat' about the 'Panama Papers' investigation by the International Consortium of Investigative Journalists in Mossack Fonseca & Co. SA, Bufete MF & Co., Jürgen Mossack, and Ramón Fonseca, all of Panama v. Netflix Inc. at the U. S. District Court for the District of Connecticut.

USA v. Margareta Tonisson: FBAR Complaint

September 17, 2019 - Complaint alleging failure to file with the IRS a Report of Foreign Bank and Financial Accounts regarding accounts at BNP Paribas, France; Swed Bank, Sweden; SEB, Sweden; Nordea, Denmark, and Handelsbank, Sweden in USA v. Margareta B. Tonisson, a resident of Oregon who, according to the complaint, opted in, then out of, the Offshore Voluntary Disclosure Initiative, at the U. S. District Court for the District of Oregon.

Axion Energy Argentina v. AFIP-DGI: Discovery Application

September 11, 2019 - Application on behalf of the Argentine Special Tax Court, Buenos Aires, Argentina to take discovery from Glencore Ltd. for use in proceedings involving Axion Energy Argentina v. AFIP-DGI, filed at the U. S. District Court for the Southern District of New York.

USA v. Steve Pursley: Jury Verdict

September 06, 2019 - Jury Verdict in USA v. Jack Stephen Pursley, a.k.a. Steve Pursley, an attorney based in Houston, Texas, regarding an offshore tax evasion scheme involving, inter alia, companies in Australia and the Isle of Man and a nominee in Brazil, filed at the U. S. District Court for the Southern District of Texas.

Sergey Magnitsky et al v. Russia: News Release & Judgment

August 27, 2019 - News Release & Judgment in Sergey Magnitsky, deceased, an auditor charged with tax evasion regarding USA-born, London-based hedge fund principal Bill Browder; Magnitsky's widow, Nataliya Zharikova, and his mother, Natalia Magnitskiya v. The Government of Russia at the European Court of Human Rights. The Court ordered Russia to pay €34,000 in damages to Magnitsky's wife and mother for Magnitsky's "ill-treatment" in prison. The Court appeared to reject Browder's claim that Magnitsky was detained and killed for blowing the whistle on alleged fraud by Russian officials, determining that "the enquiry into alleged tax evasion which had led to Mr Magnitskiy's arrest had begun long before he had complained of fraud by officials. The decision to arrest him had only been made after investigators had learned that he had previously applied for a UK visa, had booked tickets to Kyiv, and had not been residing at his registered address. Furthermore, the evidence against him, including witness testimony, had been enough to satisfy an objective observer that he might have committed the offence in question. The list of reasons given by the domestic court to justify his subsequent detention had been specific and sufficiently detailed. The Court thus rejected the applicants’ complaint about Mr Magnitskiy’s arrest and subsequent detention as being manifestly ill-founded."

USA v. Pietro Vinci: Forfeiture Complaint

August 23, 2019 - Forfeiture Complaint regarding tax fraud involving Mosquetero SP, of Scotland; Stanford International Bank, of Antigua and Barbuda, and Citi Private Trust, of Switzerland, in USA v. Pietro Vinci, an Italy-born former resident of Venezuela now residing in Maryland, at the U. S. District Court for the District of Maryland.

USA v. Brian Booker: Superseding Indictment

August 22, 2019 - Superseding Indictment regarding an alleged failure to disclose foreign accounts in Panama, Singapore, and Switzerland, in USA v. Brian Nelson Booker, a former CPA, at the U. S. District Court for the Southern District of Florida.

USA v. LLB Verwaltung (Switzerland) AG: Non-Prosecution Agreement

July 31, 2019 - Non-Prosecution Agreement between the USA and LLB Verwaltung (Switzerland) AG, formerly Liechtensteinische Landesbank (Schweiz) AG.

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.