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ProSight Syndicate 1110 at Lloyd's et al v. Steven Marks et al: Complaint

September 18, 2018 - Complaint in ProSight Syndicate 1110 at Lloyd's and Ironshore Specialty Insurance Company v. Steven Marks, Podhurst Orseck, PA, Jeffrey Soffer, Daniel Riordan, Paula Riordan, Alex Krys, North American Elite Insurance Company, as underwriter for Swiss Re; Southwest Transport Services Ltd., Beecham Limited, Pioneer Caribbean Logistics Limited, Jason Sweeney, David Pearce, Frank Valdez, Pleasant Hill Entertainment Limited, and Daria Pastoukhova Gogoleva, individually and as the natural parent and legal guardian of the minor children A.P.V., N.M.P.V., and L.P.V., and as the Personal Representative of the Estate of Lance Valdez, at the U. S. District Court for the Southern District of Florida.

Bahamas broker Seton Securities International fined in Canada for unlicensed operations

September 10, 2018 - Bahamas-based broker/dealer Seton Securities International Ltd., which is operated by Canadian Jay Gotlieb, has agreed to pay C$35,000 to the Alberta Securities Commission for operating without a license.

Seton Securities International Ltd.: Settlement Agreement & Undertaking

September 07, 2018 - Settlement Agreement and Undertaking in Alberta Securities Commission v. Seton Securities International Ltd.

Swiss America Securities Ltd.: Settlement Agreement

August 30, 2018 - Settlement Agreement in Securities Commission of the Bahamas v. Swiss America Securities Ltd.

Avalon Holdings Corporation v. Guy Gentile et al: Complaint

August 13, 2018 - Complaint in Avalon Holdings Corporation v. Guy Gentile and MintBroker International, Ltd. at the U. S. District Court for the Southern District of New York.

Matthias Krull: Arrest

August 03, 2018 - Public Notice by the Securities Commission of the Bahamas concerning the arrest of Matthias Krull.

USA v. Francisco Convit Guruceaga et al: Criminal Complaint

July 24, 2018 - Criminal complaint in USA v. Francisco Convit Guruceaga, Jose Vincente Amparan Croquer, Carmelo Urdaneta Aqui, Abraham Edgardo Ortega, Gustavo Adolfo Hernandez Frieri, Hugo Andre Ramalho Gois, Matthias Krull, and Marcelo Federico Gutierrez Acosta y Lara at the U. S. District Court for the Southern District of Florida.

SEC v. Billy McFarland et al: Complaint

July 24, 2018 - Complaint in U. S. Securities and Exchange Commission in William Z. McFarland, a.k.a. Billy McFarland; Fyre Media, Inc., Magnises, Inc., Grant Margolin, and Daniel Simon at the U. S. District Court for the Southern District of New York.

US insurer claims to be victim of $135M offshore reinsurance fraud

July 11, 2018 - Bermudian businessman Gregory Tolaram, Bahamas-based financial adviser Edward Lynch, and seven insurers and investment funds in the Cayman Islands have been accused of participating in a $135 million fraud against U.S. insurer Great Western Insurance Company.

Great Western Insurance Company v. Alpha Re Ltd. et al: Complaint

July 10, 2018 - Complaint in Great Western Insurance Company v. Ability Insurance Company, Alpha RE Limited, Alpha Re Holdings (Cayman) Limited, Atlantic Specialty Finance, Blue Alternative Asset Management, LLC, Blue Capital Management, Inc., Blue Elite Fund LP, Blue Elite Fund Ltd., Blue II Ltd., Christiana Trust, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series 2011-A, Cygnet 001 Master Trust Series 2011-C, Cygnet 001 Master Trust Series 2013-A, John Drake, Mark Graham, Edward Brendan Lynch, Regatta Holdings LLC, Sancus Capital Blue Credit Opportunities Fund Ltd., Donald Solow, Gregory Tolaram, and Wilmington Savings Fund Society, FSB at the U. S. District Court for the Southern District of New York.

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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.