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


eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Geophysical Service Inc. v. Anadarko Petroleum Corporation et al: Discovery Application

August 16, 2019 - Application by Geophysical Service Inc., of Canada, to take discovery from Anadarko Petroleum Corporation and Anadarko US Offshore Corporation, both of Delaware, for use in legal proceedings in Alberta, Canada against Anadarko Petroleum Corporation, Anadarko US Offshore Corporation, formerly Kerr McGee Oil & Gas Corporation; and Canadian Natural Resources Ltd., filed at the U. S. District Court for the Southern District of Texas.

Beverstone Fund Management et al: Decision

August 15, 2019 - Decision in National Futures Association v. Beverstone Fund Management, of the Cayman Islands, and Roland Kaehler, a citizen of Canada, by the Business Conduct Committee of the National Futures Association.

Steven Monosson et al v. Teekay Offshore Partners LP et al: Complaint

August 12, 2019 - Class Action Complaint in Steven Monosson and Mark Whiting, both of California v. Teekay Offshore Partners LP, of the Marshall Islands; Teekay Offshore GP LLC, a Marshall Islands entity owned by Brookfield TK TOGP LP, of Bermuda; Brookfield Asset Management Inc., domiciled in Canada, listed on the New York Stock Exchange; Brookfield Business Partners LP, of Bermuda; William Utt, Ian Craig, Kenneth Hvid, Craig Laurie, David Lemmon, Jim Reid, Denis Turcotte, Greg Morrison, William Transier, Walter Weathers, Ingvild Saether, Jane Rune Steinsland, and Cyrus Madon at the U. S. District Court for the Southern District of New York.

Crypto Asset Fund LLC et al v. Worldwide Asset eXchange et al: Complaint

August 12, 2019 - Complaint alleging cryptocurrency-related securities fraud in Crypto Asset Fund LLC, of Delaware, and Digital Capital Management LLC, of Delaware v. OPSkins Group Inc., d.b.a. Worldwide Asset eXchange, a Canadian company based in Santa Monica, California; Exposition Park Holdings SEZC, of the Cayman Islands; William Quigley, of California; Jonathan Yantis, of California; John Brechisci, of California, and Malcolm CasSelle, of California, at the U. S. District Court for the Central District of California.

USA moves to bar trial evidence that 'bribes are a custom' in Barbados

August 12, 2019 - Former Barbados Government Minister Donville Inniss should be precluded from introducing evidence at his upcoming money laundering trial in New York that "bribes are a custom or practice in Barbados", the United States has argued. The alleged scheme involved insurers BF&M, of Bermuda, and Insurance Corporation of Barbados.

Swiss regulator warns about 'financial intermediary' based in Geneva and Dubai

August 05, 2019 - The Swiss Financial Market Supervisory Authority has issued a "Public Warning" against Swiss Global Investments Sàrl, a self-described "financial intermediary and advisory" that was or is controlled by Irishman Paul Kavanagh and Briton Stuart Hamon, whose sprawling offshore group includes firms in the British Virgin Islands, Dubai, England, Malta, Nevis, and Switzerland.

Cayman broker and US promoter plead guilty to securities fraud

August 04, 2019 - Stock broker Oliver-Barret Lindsay, a Canadian residing in the Cayman Islands, and stock promoter Gannon Giguiere, of California, have admitted securities fraud at federal court in San Diego.

Christine Grablis et al v. OneCoin Ltd. et al: First Amended Class Action Complaint

August 02, 2019 - First Amended Class Action Complaint regarding an alleged cryptocurrency fraud in which much of the proceeds were allegedly laundered in the Cayman Islands and Ireland in Donald Berdeaux, of Montana, and Christine Grablis, of Tennessee v. OneCoin Ltd., of Bulgaria; Ruja Ignatova, of Bulgaria; Konstantin Igantov, of Bulgaria; Sebastian Greenwood, of Sweden; Mark Scott, of Coral Gables, Florida; Irina Andreeva Dilinska, David Pike, of Coral Gables, Florida, and Nicole J. Huesmann, of Coral Gables, Florida, at the U. S. District Court for the Southern District of New York.

USA v. Oliver-Barret Lindsay: Guilty Plea Findings & Recommendation

August 02, 2019 - Findings and Recommendation of the Magistrate Judge Upon a Plea of Guilty to conspiracy to commit securities fraud in USA v. Oliver-Barret Lindsay, a Canadian residing in the Cayman Islands, at the U. S. District Court for the Southern District of California.

Swiss Global Investments Sàrl: Public Warning

August 02, 2019 - Public Warning by the Swiss Financial Market Supervisory Authority regarding Swiss Global Investments Sàrl, which is owned by Kavmon Limited, of Saint Kitts and Nevis, evidently owned by or affiliated with Paul Kavanagh, a citizen of Ireland apparently residing in France, and Stuart Hamon, a citizen of the United Kingdom, and which claims on its website at to have offices in Geneva and Dubai.

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.