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Yatsen Group of Companies Inc. et al: Chapter 15 Petition

January 25, 2021 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Alan Hutchens, of Alvarez & Marsal Canada Inc., as the Foreign Representative of Yatsen Group of Companies Inc., HEAP Japanese Food Inc., KB Wisconsin Food Inc., MT Security Square Food Inc., SAR Buckland Food Inc., SAR Coastland Food Inc., SAR Dulles Expo Center Inc., SAR Coventry Food Inc., SAR Dulles Expo Center Inc., SAR First Colony Food Inc., SAR Glenbrook Food Inc., SAR Greenbrier Food Inc., SAR Laurel Food Inc., SAR Lloyd Food Inc., SAR Oglethorpe Food Inc., SAR Orange Park Food Inc., SAR Oviedo Food Inc., SAR Park Place Food Inc., SAR Plymouth Food Inc., SAR Ramsey Food Inc., SAR Real Estate Inc., SAR Santa Rosa Food Inc., SAR Security Square Food Inc., SAR St. Charles Food Inc., SAR Stafford Food Inc., SAR Superstition Springs Food Inc., SAR Tanforan Food Inc., SAR Valley Plaza Food Inc., SAR Westgate Massachusetts Food Inc., SAR Willowbrook Food Inc., SJ Arsenal Inc., SJ Boynton Inc., SJ Fox Run Inc., SJ Lenox Food Inc., SJ Macon Food Inc., SJ Rosspark Food Inc., SJ Savannah Food Inc., SJ South Hills Food Inc., and SJ Yorktown Food Inc., described as being part of a group that operates "Japanese quick service" restaurants, at the U. S. Bankruptcy Court for the District of Delaware.

UAE 'gold supplier' SION Trading sued for '$5M fraud'

January 21, 2021 - 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 firms in or from Barbados, Canada, England, Panama, St. Lucia, and the USA for allegedly perpetrating a $5 million 'advance fee' fraud.

Blackbird Capital LLC v. SION Trading FZE et al: Complaint

January 20, 2021 - Complaint alleging fraud in Blackbird Capital LLC, of Iowa v. Worth Group Capital LLC, of Wyoming; Justin Ely, of Utah; Halls Law Office, of Idaho; Scotia International of Nevada, Inc., of Utah; Sion Trading FZE, of Ras Al Khaimah, in the United Arab Emirates; Max Warren Barber, of Utah; NaPo Limited, described as "a company located and incorporated in Bridgetown, Barbados, and Saint Lucia"; Nikolas Korakianitis, described as a citizen of Canada; GT Foundation, described as "a private interest foundation founded in Panama City, Panama" that "may have an office in London, England and/or New York", and Kumar Singh at the U. S. District Court for the District of Utah.

SEC v. William Stack: Complaint

January 15, 2021 - Complaint alleging fraud in U. S. Securities and Exchange Commission v. William Andrew Stack, described as a lawyer and "nominal chief executive officer, president, treasurer, secretary, and director of Preston Corp., a penny stock issuer that purported to provide royalty financing to gold mining operations" whose "control person" was William S. Marshall, a resident of Canada and Mexico, at the U. S. District Court for the Western District of Texas.

CommScope Holding Company Inc. et al v. Siemens Canada Ltd.: Discovery Application

January 15, 2021 - Application by CommScope Holding Company, Inc., CommScope Inc., ARRIS US Holdings Inc., Ruckus Wireless Inc., Hewlett Packard Enterprise Company, Aruba Networks LLC, and NETGEAR Inc. to take discovery from Siemens Canada Limited for use in proceedings before the U.S. International Trade Commission involving Q3 Networking LLC, filed at the U. S. District Court for the District of Columbia.

Montenegro: Dragomir Nilević

January 13, 2021 - Application for the appointment of a Commissioner to collect evidence from University First Federal Credit Union, Gibraltar Private Bank & Trust Co., SCE Federal Credit Union, Guardian Credit Union, JHA Payment Processing Solutions, Goldenwest Federal Credit Union, ESL Federal Credit Union, Avadian Credit UnionNavy Federal Credit Union, CORE Credit Union, BrightStar Credit Union, Grow Financial Federal Credit Union, Coastal Federal Credit Union, Fort Lee Federal Credit Union, Olean Area Federal Credit Union, JPMorgan Chase Bank N.A., EFCU Financial Federal Credit Union, Insight Credit Union, A+ Federal Credit Union, P & G Mehoopany Employees Federal Credit Union, Truliant Federal Credit Union, The Bank of Missouri, F & A Federal Credit Union, Southwest Airlines Federal Credit Union, Sunrise Banks, National Association, Schlumberger Employees Credit Union, Piedmont Advantage Credit Union, First Financial Bankshares, Inc., IBERIABANK, Travis Credit Union, Generations Community Federal Credit Union, United Heritage Credit Union, Merco Credit Union, El Dorado Savings Bank, F.S.B., Dexsta Federal Credit Union, Nusenda Federal Credit Union, First Florida Credit Union, Andrews Federal Credit Union, Knoxville TVA Employees Credit Union, Summit Credit Union, Dime Bank, Max Credit Union, Elements Financial Federal Credit Union, Las Colinas Federal Credit Union, Farmers Federal Credit Union, LESCO Federal Credit Union, Provident Credit Union, Firstlight Federal Credit Union, USF Federal Credit Union, Noble Federal Credit Union, CPM Federal Credit Union, Kinetic Credit Union, Five Star Credit Union, Golden Plains Credit Union, Bank of America, Arkansas Federal Credit Union, Gulf Coast Educators Federal Credit Union, Allied Federal Credit Union, American Eagle Financial Credit Union, CoastHills Credit Union, Resource One Credit Union, Envision Credit Union, True Sky Credit Union, Inova Federal Credit Union, APCO Employees Credit Union, Srp Federal Credit Union, Family Security Credit Union, Clark County Credit Union, S&T Bank, Corning Federal Credit Union, Affinity Federal Credit Union, Dort Federal Credit Union, Farmers Bank and Trust Company, Columbia Credit Union, The University National Bank of Lawrence, J.S.C. Federal Credit Union, Palmetto Citizens Federal Credit Union, Valley First Credit Union, Firefighters First Credit Union, NUCOR Employee's Credit Union, Jefferson Bank, Allegacy Federal Credit Union, American Airlines Federal Credit Union, Servisfirst Bank, Wells Fargo Bank, Anheuser-Busch Employees' Credit Union, Granite Federal Credit Union, 121 Financial Credit Union, Gulf Winds Credit Union, RTN Federal Credit Union, La Joya Area Federal Credit Union, Doco Credit Union, and Fairwinds Credit Union - pursuant to a request for judicial assistance from Montenegro - for use in a criminal investigation into Dragomir Nilevic for suspected "counterfeiting and misuse of credit and debit cards".

Centennial Bank v. San Jose Sharks LLC et al: Complaint

January 07, 2021 - Complaint in Centennial Bank, of Arkansas v. Evander Kane, described as a "Canadian born professional ice hockey player" who plays in the National Hockey League, and San Jose Sharks LLC, of Delaware, operator of the San Jose Sharks ice hockey team, at the U. S. District Court for the Southern District of Florida.

Stanford International Bank v. Richard Closs et al: Discovery Application

December 23, 2020 - Application by Hugh Dickson and Mark McDonald, as Joint Liquidators of Stanford International Bank Limited, of Antigua and Barbuda, to take discovery from Richard Closs and John Ward, described as former and current, respectively, employees of Pershing LLC, both residing in New Jersey, for use in legal proceedings in Canada "against TD Bank for negligence, breach of contract, and knowing assistance" regarding a "Ponzi scheme orchestrated by Robert Allen Stanford and his affiliates", filed at the U. S. District Court for the District of New Jersey.

Stanford International Bank v. Michael Raffa: Discovery Application

December 22, 2020 - Application by Hugh Dickson and Mark McDonald, as Joint Liquidators of Stanford International Bank Limited, of Antigua and Barbuda, to take discovery from Michael Rafa, described as a former employee of Toronto-Dominion Bank, residing in Massachusetts, for use in legal proceedings in Canada "against TD Bank for negligence, breach of contract, and knowing assistance" regarding a "Ponzi scheme orchestrated by Robert Allen Stanford and his affiliates", filed at the U. S. District Court for the District of Massachusetts.

Stanford International Bank v. Joel Landis: Discovery Application

December 22, 2020 - Application by Hugh Dickson and Mark McDonald, as Joint Liquidators of Stanford International Bank Limited, of Antigua and Barbuda, to take discovery from Joel Landis, a former employee of JPMorgan Chase, residing in Houston, Texas, for use in legal proceedings in Canada "against TD Bank for negligence, breach of contract, and knowing assistance" regarding a "Ponzi scheme orchestrated by Robert Allen Stanford and his affiliates", filed at the U. S. District Court for the Southern District of Texas.

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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British 'crypto-friendly' travel booking firm Travala facing strike-off
UPDATED: Shortly after OffshoreAlert reported that British 'blockchain-based, cryptocurrency-friendly' online travel booking start-up Travala, which has raised over £2 million from investors and is now owned by a Cayman Islands firm, was facing compulsory strike off for failure to file its accounts, the firm filed unaudited "Micro-entity Accounts" with Companies House that contained scant details.
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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.