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Alpha Latam Management LLC et al: Chapter 11 Petition

August 02, 2021 - Chapter 11 Petition by Alpha Latam Management LLC, of Delaware; Acsa Atento SAS, of Colombia; Alpha Capital SAS, of Colombia; AlphaCredit Latam SAS, of Colombia; AlphaCredit Sudamérica, S de RL, of Panama; AlphaDebit, SA de CV, of Mexico; and Vive Créditos Kusida SAS, of Colombia, at the U. S. Bankruptcy Court for the District of Delaware.

Brittany Stout v. Harvest Health & Recreation Inc. et al: Complaint

July 27, 2021 - Complaint alleging violation of the Securities Exchange Act of 1934 regarding "the proposed acquisition of Harvest by Trulieve Cannabis Corp." in Brittany Stout v. Harvest Health & Recreation Inc., of Vancouver, Canada; Mark N. Barnard, Steven M. White, Elroy P. Sailor, Ana Dutra, Eula L. Adams, and Michael Scott Atkison at the U. S. District Court for the Southern District of New York.

Brittany Stout v. Harvest Health & Recreation Inc. et al: Complaint

July 27, 2021 - Complaint in Brittany Stout v. Harvest Health & Recreation Inc., of British Columbia, Canada, described as "one of the largest multi-state, vertically integrated operators in the United States cannabis industry that operates from 'seed to sale'"; Mark N. Barnard, Steven M. White, Elroy P. Sailor, Ana Dutra, Eula L. Adams, and Michael Scott Atkison at the U. S. District Court for the Southern District of New York.

Spartan Holdings Ltd.: Restoration Application

July 20, 2021 - Originating Application in the matter of Spartan Holdings Ltd. at the Grand Court of the Cayman Islands. Editor's Note: The director of Spartan Holdings Ltd. whose affidavit supported this restoration application is Terrence Duffy, a citizen of the United Kingdom residing in Canada who, as OffshoreAlert has previously revealed, appeared to be the ultimate beneficial owner of the opaquely-owned Caledonian Bank, which went into liquidation in Cayman in 2015 after being sued by the U.S. Securities and Exchange Commission at federal court in New York for alleged participation in a $75 million penny stock scam.

2567423 Ontario Inc. et al v. MXY Holdings LLC et al: Complaint

July 19, 2021 - Complaint in 2567423 Ontario Inc., of Canada; Rayray Investments Inc., of Canada; KW Capital Partners Ltd., of Canada; K2 Principal Fund LP, of Canada; Anson East Master Fund LP, of the Cayman Islands; Anson Investments Master Fund LP, of the Cayman Islands; Barometer Equity Pool, Barometer Tactical Income Pool, Hadron Healthcare and Consumers Special Opportunities Fund, Parkwood Master Fund Ltd., of the Cayman Islands; Samara Fund Ltd., of Canada; Dani Warshager, Martin Fix, and Matthew Conduit v. MXY Holdings LLC, described as a Delaware-domiciled, California-based company that "manufactures and sells cannabis products under the brand name 'Moxie'"; Jordan Lams, and Kevin Marrone at the Superior Court of the State of California, County of Los Angeles.

Kumtor Gold Company CJSC et al v. Kyrgyz Republic: Complaint

July 14, 2021 - Complaint in Kumtor Gold Company CJSC and Kumtor Operating Company CJSC, both of the Kyrgyz Republic v. Kyrgyz Republic at the U. S. Bankruptcy Court for the Southern District of New York.

SEC v. Jonathan Mimun et al: Complaint

July 12, 2021 - Complaint alleging "a multi-million dollar scheme to defraud retail investors in the United States through the unregistered offer and sale of security-based binary options from at least December 2014 through June 2017" that, inter alia, involved Porter Finance and Dalton Finance in U. S. Securities and Exchange Commission v. Jonathan Mimun, a.k.a. Yoni Mimun, a.k.a. Jonathan Maymon, described as "a Canadian citizen residing in Israel", and Ronn BenHarav at the U. S. District Court for the District of Nevada.

US SEC charges trio with fraud involving Long Blockchain Corp.

July 09, 2021 - The U.S. SEC has charged three people, including a Canadian former resident of the Cayman Islands, Oliver-Barret Lindsay, and a New Zealander residing in England, Eric Watson, with fraud involving publicly-listed Long Blockchain Corp., formerly Long Island Iced Tea Corp.

SEC v. Eric Watson et al: Complaint

July 09, 2021 - Complaint in U. S. Securities and Exchange Commission v. Eric J. Watson, described as "a New Zealand citizen and believed to be a resident of London, United Kingdom"; Oliver-Barret Lindsay, described as "a Canadian citizen and resident of Vancouver, British Columbia, Canada" and, during the relevant period, "principal of CMGT Capital Management, a Cayman Islands-exempt broker-dealer registered with the Cayman Islands Monetary Authority", and Gannon Giguiere, described as a resident of Newport Coast, California" who "owned and operated TheMoneyStreet.com, a stock promotion website", at the U. S. District Court for the Southern District of New York.

'Victim' of alleged fraud involving UAE's SION Trading complains to FBI

July 09, 2021 - A would-be borrower that claims to have lost $5 million in an advance fee fraud involving companies and individuals in or from Barbados, Canada, Panama, Saint Lucia, UAE, and the USA, including SION Trading, says it has complained to law enforcement and regulators about the alleged scheme.

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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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.