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

CANADA

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Grant Thornton (Chicago) & two US law firms sued over Providence Financial fraud

August 14, 2018 - Accountants Grant Thornton and law firms Cadwalader, Wickersham & Taft and Greene Espel are being sued for allegedly aiding and abetting a $150 million fraud perpetrated by the Providence Financial Group, which was primarily based in Guernsey, Miami, and Brazil.

USA v. Donville Inniss: Indictment

August 06, 2018 - Criminal Indictment in USA v. Donville Inniss, a former Member of Parliament and Minister of Industry in Barbados, at the U. S. District Court for the Eastern District of New York.

Miner Edge Inc.: Investor Alert

July 31, 2018 - Investor Alert regarding Miner Edge Inc. by the Anguilla Financial Services Commission.

US arrests three alleged fraudsters for Cayman Islands-related schemes

July 23, 2018 - Three people were criminally charged in the United States over a 13-day period recently concerning two separate alleged investment frauds involving the Cayman Islands.

James Noland, Jr. v. Organo Gold International Inc. et al: Complaint

July 12, 2018 - Complaint in James D. Noland, Jr. v. Organo Gold International Inc., Organo Gold Enterprises Inc., Holton Buggs, Jr., Jane Doe Buggs, Bernardo Chua, Shane Morand, and Jamie Foo at the U. S. District Court for the District of Nevada.

US insurer claims to be victim of $135M offshore reinsurance fraud

July 11, 2018 - Bermudian businessman Gregory Tolaram, Bahamas-based financial adviser Edward Lynch, and seven insurers and investment funds in the Cayman Islands have been accused of participating in a $135 million fraud against U.S. insurer Great Western Insurance Company.

Great Western Insurance Company v. Alpha Re Ltd. et al: Complaint

July 10, 2018 - Complaint in Great Western Insurance Company v. Ability Insurance Company, Alpha RE Limited, Alpha Re Holdings (Cayman) Limited, Atlantic Specialty Finance, Blue Alternative Asset Management, LLC, Blue Capital Management, Inc., Blue Elite Fund LP, Blue Elite Fund Ltd., Blue II Ltd., Christiana Trust, Cygnet 001 Master Trust, Cygnet 001 Master Trust Series 2011-A, Cygnet 001 Master Trust Series 2011-C, Cygnet 001 Master Trust Series 2013-A, John Drake, Mark Graham, Edward Brendan Lynch, Regatta Holdings LLC, Sancus Capital Blue Credit Opportunities Fund Ltd., Donald Solow, Gregory Tolaram, and Wilmington Savings Fund Society, FSB at the U. S. District Court for the Southern District of New York.

SEC v. Oliver-Barret Lindsay et al: Complaint

July 06, 2018 - Complaint in U. S. Securities and Exchange Commission v. Gannon Giguiere, Oliver-Barret Lindsay, Andrew Hackett, Kevin Gillespie, and Annetta Budhu at the U. S. District Court for the Southern District of California.

Abi Jaoudi and Azar Trading Corp. v. CIGNA Worldwide Insurance Company: Garret Kelleher Letter

May 30, 2018 - Letter on behalf of Garrett Kelleher regarding Martin Kenney Settlement in The Abi Jaoudi and Azar Trading Corp. v. CIGNA Worldwide Insurance Company at the U. S. District Court for the Eastern District of Pennsylvania.

Abi Jaoudi and Azar Trading Corp. v. CIGNA Worldwide Insurance Co.: Martin Kenney Settlement Agreement

May 29, 2018 - Settlement Agreement between Martin S. Kenney, CIGNA Worldwide Insurance Company, and Chubb Limited, f.k.a. ACE Limited, in The Abi Jaoudi and Azar Trading Corp. v. CIGNA Worldwide Insurance Co. at the U. S. District Court for the Eastern District of Pennsylvania.

OffshoreConnect Free Sign Up

Stay informed & connected

  • Free Email Alerts on Breaking News
  • Free Access to Blogs by Industry Leaders
  • Free Contribute to Due Diligence Forums
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.