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BRITISH VIRGIN ISLANDS

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Michael Pearson et al v. Ernesto Weisson et al: Complaint

January 11, 2021 - Complaint alleging "a scheme to loot the accounts of investors in the Biscayne Capital group of companies, by stuffing these accounts with purported investments in various structured note offerings made by the Note Issuers" involving entities in Argentina, Brazil, British Virgin Islands, Cayman Islands, Ecuador, Uruguay, USA, and Venezuela in Michael Pearson, Stephen Briscoe, Andrew Childe, and Anna Silver, solely in their capacities as joint official liquidators and foreign representatives, Preferred Income Collateralized Interest Ltd., Diversified Real Estate Development Ltd. (f.k,a. ORC Senior Secured Limited), GMS Global Market Step Up Note Ltd., SG Strategic Income Ltd., Sentinel Investment Fund SPC, and Biscayne Capital Holdings Ltd., Biscayne Capital (BVI) Ltd., Sentinel Mandate & Escrow Ltd., and Vanguardia Group, Inc. v. Ernesto Weisson, Weisson Holding, LLC, Inmobilaria del Norte INORSA LLC, Empacadora Grupo Granmar SA, CVNet Distribution LLC, Latitude Foods and Bakery, LLC, Tucson Securities, Corp., Fernando Haberer, Gliker Trading Ltd., Dario Epstein, WinWer S.A., Domingo L. Bustillos, Galileoenergy S.A., Nicolas Barcia, Atanasio Mattheou, Yiwu Passion Import and Export, EGL Income Properties LLC, Diego Mussio, Ernesto Liurner, Miguel Verdias, Christoph Schaer, Arca International Bank, Inc., Jorge Chacin Landaeta, Marco Eduardo Vanzini, Afa Legal Resources (Cayman) Ltd., Cono Sur Logistics Corp., Catalina Guevara, EPC Multi Family Partners, Joyas Le Yaku, C.A., Solu Capital LLC, Havan Chang Holdings Limited, Promotora HTO C.A., Properties Investment Fund III, Servicios Petroleros, Select Industries PLC, Mercedes Cepeda Rivera, Marcelo Jorcin, Forum Globe LLC, Fresh Organics LLC, Yellow Stone Park Ltd., Patricia Aviles, ACA Ventures Ltd., John Doe 1, Importaciones y Servicios Ruso, Silmar C.A., Pablo Perrotta, Falcon Group Asset Management, Goban Trading Inc., Aceros y Metales Dos Mil, S.A., Alvaro Muscio, Globaldeg Logistic LLC, Voitto Corp., John Doe 2, Gevabra S.A., Agricola Nuova Terra Guatemala, S.A., Kingdom Trust Company, Columbus Exploration Corporation, Global Retail Information Ltd., Galier Partners, Atlantic Sky Consulting Group Ltd., John Doe 3, John Doe 4, Societe Generale R&S Business Center S.A., Atis Strategic, Federico Gil, Autogil Puerto Ordaz C.A., Juan Xavier Ribas, Avior Airlines CA, Sidor C.A., Diego Young, LGT Bank (Schweiz) AG, Faroy S.A., Pritt Investments Co., AD Markets Ltd., Agropecuaria Sanfiz C.A., Full Piscinas Corp., Gems Limited, J.I.K. S.A., John Doe 5, Pixelart Cocinas, C.A., Fredy Roberto Sandoval Cerda, Wendy Maria Vera, Advanced Fund Administration, Pablo Costabile, Edificio Mendoza LLC, Cauchos Del Sur, C.A., Asia Latina Trading Co., Ltd., Girbra S.A., Dilo Administracao de Bens Proprios Ltda., Emporio Group Entertainment, and Arkdale Investments Limited at the Circuit Court of the Eleventh Judicial Circuit, in and for Miami-Dade County, Florida.

Diversified Real Estate Development Ltd. v. Tyara International Ltd. et al: Complaint

January 11, 2021 - Complaint in Diversified Real Estate Development Ltd. (in Official Liquidation), of the Cayman Islands v. Tyara International Limited, of the British Virgin Islands, and Gustavo Adolfo Bedoya Gómez, a citizen of Venezuela, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

USA v. Deutsche Bank AG: Deferred Prosecution Agreement

January 08, 2021 - Deferred Prosecution Agreement regarding allegations of bribery and fraud activity involving, inter alia, entities in Abu Dhabi, British Virgin Islands, Italy, and Saudi Arabia in USA v. Deutsche Bank AG at the U. S. District Court for the Eastern District of New York.

Deutsche Bank AG: $43M Penalty

January 08, 2021 - Administrative Order by the U. S. Securities and Exchange Commission imposing a penalty of $43.3 million on Deutsche Bank AG for regulatory breaches involving, inter alia, entities in Abu Dhabi, British Virgin Islands, China, Italy, and Saudi Arabia.

Adamas Asia Strategic Opportunity Fund Ltd. v. Mark Hibbs: Writ of Summons

January 04, 2021 - Writ of Summons in Adamas Asia Strategic Opportunity Fund Limited (in Official Liquidation) v. Mark Ashley Hibbs, of Hong Kong, at the Grand Court of the Cayman Islands.

Adamas Asia Strategic Opportunity Fund Ltd. v. Takeshi Kadota: Writ of Summons

January 04, 2021 - Writ of Summons in Adamas Asia Strategic Opportunity Fund Limited (in Official Liquidation) v. Takeshi Kadota, of Japan, at the Grand Court of the Cayman Islands.

Adamas Asia Strategic Opportunity Fund Ltd. v. Adamas Global Alternative Investment Management Inc.: Writ of Summons

January 04, 2021 - Writ of Summons in Adamas Asia Strategic Opportunity Fund Limited (in Official Liquidation) v. Adamas Global Alternative Investment Management Inc. at the Grand Court of the Cayman Islands.

AI International Holdings (BVI) Ltd. v. George Tushinsky: Judgment

January 04, 2021 - Judgment in AI International Holdings (BVI) Limited, of the British Virgin Islands v. George Tushinsky at the Supreme Court of the State of New York, County of New York.

USA v. Ihor Kolomoisky et al: Forfeiture Complaint

December 30, 2020 - Forfeiture Complaint in USA v. Real Property Located at 55 Public Square, Cleveland, Ohio which is "traceable to an international conspiracy to launder money embezzled and fraudulently obtained from PrivatBank", described as "a Ukrainian financial institution", whose beneficial owners were identified as Ihor Kolomoisky and Gennadiy Boholiubov, filed at the U. S. District Court for the Southern District of Florida.

Evenstar Master Fund SPC et al v. Jing Cao Mo: Discovery Application

December 24, 2020 - Application by Evenstar Master Fund SPC and Evenstar Special Situations Limited, both of the Cayman Islands, to take discovery from Jing Cao Mo for use in legal proceedings in the Cayman Islands alleging "self-dealing" by her husband, Vincent Mo, filed at the U. S. District Court for the District of Nevada.

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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UAE 'gold supplier' SION Trading sued for '$5M fraud'
UAE-domiciled purported gold supplier SION Trading FZE, which has been implicated in several fraudulent schemes, including a cryptocurrency scam involving Bermuda-based Arbitrade, is being sued in Utah along with individuals and companies in or from Barbados, Canada, England, Panama, St. Lucia, and the USA for allegedly perpetrating a $5 million 'advance fee' scam.
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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.