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

BRAZIL

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Participações Morro Vermelho SA et al v. Banco do Brasil et al: Discovery Application

September 18, 2019 - Ex Parte Application by Participações Morro Vermelho SA, of São Paulo, Brazil, and PMV International Inc., a British Virgin Islands company based in São Paulo, Brazil, to take discovery from Santander Private Banking International and Banco do Brasil Miami for use in legal proceedings in Brazil, the British Virgin Islands, and Portugal, filed at the U. S. District Court for the Southern District of Florida.

Estate of José Thomé v. Lloyds Bank: Discovery

September 16, 2019 - Application from the 8th Civil and Business Court of the State Capital Superior Court in Pará, Brazil to take discovery from Lloyds Bank for use in legal proceedings involving the Estate of José Thomé, filed at the U. S. District Court for the Southern District of New York.

Participações Morro Vermelho SA et al v. Citibank NA et al: Discovery Application

September 13, 2019 - Ex Parte Application by Participações Morro Vermelho SA, of São Paulo, Brazil, and PMV International Inc., a British Virgin Islands company based in São Paulo, Brazil, to take discovery from Citibank, NA and Morgan Stanley for use in legal proceedings in Brazil, the British Virgin Islands, and Portugal, filed at the U. S. District Court for the Southern District of New York.

Rafael Marconato: Sanctions

September 12, 2019 - Order Instituting Proceedings, Making Findings and Imposing Remedial Sanctions regarding fraud against Rafael Marconato, described as a current rersident of Limeira, São Paulo, Brazil and a former resident of Miami, Florida, before the U. S. Commodity Futures Trading Commission.

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.

SEC v. Brenda Smith et al: Complaint

August 27, 2019 - Complaint for alleged securities fraud involving, inter alia, CV International Investments Ltd., of England, in U. S. Securities and Exchange Commission v. Brenda Ann Smith, Broad Reach Capital LP, Broad Reach Partners LLC, and Bristol Advisors LLC at the U. S. District Court for the District of New Jersey.

Scandal-plagued Odebrecht Group applies for Chapter 15 recognition in New York

August 26, 2019 - Companies in the Bahamas, Cayman Islands and Brazil that belong to the insolvent conglomerate Odebrecht Group at the heart of a Brazilian bribery scandal have applied for Chapter 15 recognition at federal bankruptcy court in New York.

Odebrecht SA et al: Chapter 15 Petition

August 26, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Marcelo Rossini, as the Foreign Representative of Odebrecht S.A., of Brazil; Odebrecht Finance Limited, of the Cayman Islands; Odebrecht Participações e Investimentos S.A., of Brazil, and ODB International Corporation, of the Bahamas, at the U. S. Bankruptcy Court for the Southern District of New York.

BVI court freezes yacht linked with fired Nissan boss Carlos Ghosn

August 23, 2019 - Japanese auto manufacturer Nissan Motor Co. Ltd. has obtained an order in the British Virgin Islands to preserve a yacht called 'Twig' that is linked with its former Chairman and CEO Carlos Ghosn, who is a citizen of Brazil, France, and Lebanon.

Non-UCITS Fund Aktia Trade Finance v. IIG Global Trade Finance Fund Ltd.: Winding Up Petition

August 22, 2019 - Winding Up Petition in Non-UCITS Fund Aktia Trade Finance, of Finland v. IIG Global Trade Finance Fund Limited, of the Cayman Islands, at the Grand Court of the Cayman Islands.

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

ALL ARTICLES  
Cayman crypto firm ICOBox sued by US regulator for 'unregistered' activity
Cayman Islands cryptocurrency "incubator" ICOBox and its founder, Nikolay Evdokimov, have been sued by the U.S. SEC for alleged illegal involvement in digital token offerings that raised $665 million. In a separate lawsuit last year, a former CEO of an ICOBox subsidiary claimed the group's "main shareholders" were "all funded by Russian money laundered through bitcoins and other cryptocurrencies".
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.