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

TAX

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Sabena Puri v. USA: Petition to Quash IRS Summons (August 2020)

August 12, 2020 - Petition to Quash Third Party Summons Issued to Citibank NA by the IRS regarding "India Income Tax Liabilities" and an allegation of "political harassment against the current Indian administration's political opposition" in Sabena Puri v. USA at the U. S. District Court for the Central District of California.

Poland: Prima Spolka, LLC et al

July 29, 2020 - Application for the appointment of a Commissioner to collect evidence from CenturyLink - pursuant to a request for judicial assistance from Poland - for a criminal investigation into Prima Spolka, LLC and others for suspected fraud involving value added tax reimbursements.

Hungary: Zsolt Kurányi

July 20, 2020 - Application for the appointment of a Commissioner to collect evidence from JPMorgan Chase Bank regarding Kratos LLC - pursuant to a request for judicial assistance from Hungary - for a criminal investigation into Zsolt Kurányi for tax fraud and money laundering.

James Harper v. IRS et al: Complaint

July 15, 2020 - Complaint regarding "the unbridled power that the Internal Revenue Service regularly exerts to seize innocent Americans' private financial information" in James Harper, a client of digital currency exchanges Coinbase, Abra, and Uphold who "received a letter from Defendant Internal Revenue Service informing him that his financial records related to ownership of bitcoin had been obtained by Defendant IRS without any particularized suspicion of wrongdoing" v. Internal Revenue Service and Charles P. Rettig, in his capacity as Commissioner of the IRS, at the U. S. District Court for the District of New Hampshire.

Adrian Guenter Lenz: Chapter 15 Petition

July 07, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Germany by Jens Lieser, as the Foreign Representative of Adrian Guenter Lenz, the latter of whom is facing "ongoing criminal proceedings for fraud against, inter alia, Deutsche Post AG, on a repetitive basis, as well as tax evasion", at the U. S. Bankruptcy Court for the Middle District of Florida.

Sint Maarten: Edward O’Neal Arrindell

June 25, 2020 - Application for the appointment of a Commissioner to collect evidence from First Federal Bank - pursuant to a request for judicial assistance from Sint Maarten - for a criminal investigation into Edward O’Neal Arrindell and others for suspected bribery, forgery, money laundering, and tax fraud, including participation in "a criminal scheme to bribe a Member of the Sint Maarten Parliament".

USA v. Altaba Inc., f.k.a. Yahoo!: Complaint

June 16, 2020 - Complaint regarding tax liabilities in USA v. Altaba Inc., f.k.a. Yahoo! Inc., at the U. S. District Court for the District of Delaware.

Sabena Puri v. USA: Petition to Quash IRS Summons (May 2020)

May 28, 2020 - Petition to Quash Third Party Summons issued to Citibank NA by the Internal Revenue Services regarding "India Tax Liabilities" in Sabena Puri, of India v. USA at the U. S. District Court for the Central District of California.

USA v. Executor of Marc Ratzersdorfer's Estate: Complaint

May 22, 2020 - Complaint for damages of $4 million regarding failure to disclose accounts at Swiss banks in USA v. Jane Doe, as the Executor of the Estate of Marc Ratzersdorfer, at the U. S. District Court for the District of Columbia.

USA v. Bank Hapoalim BM et al: $160M Forfeiture Complaint

May 20, 2020 - Forfeiture Complaint regarding $160 million of "gross proceeds from its scheme to defraud the United States" in USA v. Bank Hapoalim BM, of Israel, and Hapoalim (Switzerland) Ltd., of Switzerland, 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.

View Recent Digests

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.