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SEC v. Verley Sembritzky, Jr. et al: Complaint

September 22, 2020 - Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Verley Lee Sembritzky, Jr., of Houston, Texas; Bounty of the Ocean Inc., of the Bahamas, and Ocean Harvest LLC, of Delaware, at the U. S. District Court for the Southern District of Texas.

Aviacorp Enterprises S.A.: Chapter 11 Petition

September 21, 2020 - Chapter 11 Petition by Aviacorp Enterprises S.A., of Panama, at the U. S. Bankruptcy Court for the Southern District of New York.

Br-Island Responsible Development Ltd. v. Michael Wiener: Discovery Application

August 25, 2020 - Application by Br-Island Responsible Development, Ltd., of the Bahamas, to take discovery from Michael Wiener, described as a resident of Los Angeles County, California, regarding suspected "malfeasance or corruption" for use in a contemplated legal proceeding in the Bahamas involving 4M Harbour Island Ltd., filed at the U. S. District Court for the Central District of California.

Pioneer Recovery Fund LP et al v. Amanda Wilson et al: Discovery Application

August 21, 2020 - Application by Pioneer Recovery Fund LP and Champlain Investment Holdings Ltd., both of the Cayman Islands, to take discovery from Amanda Wilson, Pedro Santiago, Astrid Pillay, and Charles Holzer regarding "a series of purported frauds perpetrated by the late Mr. Lance Valdez and subsequent directors and officers of the Fund [Pioneer Recovery Fund], who used the Fund as the instrument of a fraud perpetrated against the Fund's founder, Vermeer Investments Limited" for use in legal proceedings in the Bahamas against Subacu Investment Partners LP, of the Bahamas; Beecham Ltd., of the Bahamas; Crescent Advisers Ltd., of the Cayman Islands; Pioneer Investment Management Ltd., of the Bahamas; Universal Corporate Limited, of Ireland; Jason Sweeney, Dasha Valdez, nee Dasha Pastoukhova, a resident of the Bahamas; London Capital Holdings Ltd., of the British Virgin Islands; PCH Ltd., of the Bahamas; Subacu Holdings Ltd., of the British Virgin Islands; Guam Investment Services, of the British Virgin Islands; 10 East 63rd Street Inc., of New York, and Amanda Wilson, of New York, filed at the U. S. District Court for the Southern District of New York.

Richard Hayward et al v. Patricia Bloom: Discovery Application

August 21, 2020 - Application by Richard A. Hayward and Susan J. Heath, sons of deceased Bahamas-based, British businessman Jack Hayward, individually and on behalf of certain other beneficiaries of the Lydhurst Settlement, the Lydhurst 1993 Settlement, and the Dunmaglass Settlement, to take discovery from Patricia Ruth Bloom, described as "Sir Jack's long-time partner" and executrix of his estate, regarding, inter alia, their father's "financial troubles" and "irrational" behavior involving his investment in English soccer team Wolverhampton Wanderers prior to his death for use in contemplated legal proceedings "in England or the Bahamas", filed at the U. S. District Court for the Southern District of Florida.

Diamond Family Foundation v. The Clearing House Payments Company LLC: Discovery Application

August 20, 2020 - Application by Diamond Family Foundation to take discovery from The Clearing House Payments Company LLC for use in legal proceedings in Switzerland brought by Pancheron Global Limited, of the Bahamas, acting as assignee of Rough Family Foundation, of Panama, filed at the U. S. District Court for the Southern District of New York.

Peter Nygard's Sons v. Peter Nygard et al: Complaint

August 16, 2020 - Complaint in Jane Doe, as guardian, on behalf of John Doe No. 1, a minor, and John Doe No. 2, described as "the biological sons of Peter Nygard" who "experienced, first-hand, the destruction caused by Peter Nygard’s sex trafficking venture" and who "bring this action to shine the light of truth on their father's sexual abuse" v. Peter J. Nygard, described as "a Finnish and Canadian citizen" with residences in the Bahamas, Canada, and the U.S.; Nygard Inc., Nygard International Partnership, and Nygard Holdings Limited at the U. S. District Court for the Southern District of New York.

Vinmar Overseas Ltd. v. The Clearing House Payments LLC: Discovery Application

August 05, 2020 - Application by Vinmar Overseas Ltd., a Bahamas company based in Texas, to take discovery from The Clearing House Payments LLC regarding PT Sumi Asih, of Indonesia, and PT Sumi Asih Oleochemical Industry for use in "a civil proceeding" and "two criminal investigations" in Indonesia involving allegations of "fraudulent misrepresentation" and "contempt of court" against PT Sumi Asih Oleochemical Industry and its directors, Alexius Darmadi Karjantoputro and Mulyadi Budiman, filed at the U. S. District Court for the Southern District of New York.

Br-Island Responsible Development Ltd. v. Bernard Ross: Discovery Application

July 15, 2020 - Application by Br-Island Responsible Development, Ltd. to take discovery from Bernard Ross for use in legal proceedings in the Bahamas "initiated by BIRD in The Bahamas related to the construction by 4M [4M Harbor Island Ltd.] of a steel metal 'artificial island' and dock on Harbour Island", filed at the U. S. District Court for the Southern District of Florida.

Benjamin Alderson: Industry Ban

July 09, 2020 - Administrative Order imposing an industry ban on Benjamin Alderson, a resident of the United Kingdom and a former CEO of deVere USA Inc., before the U. S. Securities and Exchange Commission.

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.