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

CAYMAN ISLANDS

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Paulson Special Situations Fund (Mezzanine) LP: Restoration Application

May 06, 2021 - Originating Application in the matter of Paulson Special Situations Fund (Mezzanine), L.P. at the Grand Court of the Cayman Islands.

Austin Blood v. Rex Rankine: Bankruptcy Notice

May 05, 2021 - Bankruptcy Notice regarding an alleged debt of $182,000 in Austin Blood, of Lyons, Colorado, USA v. Rex Rankine at the Grand Court of the Cayman Islands.

RBC Royal Bank (Cayman) Ltd. v. Fritz McPherson: Writ of Summons

May 04, 2021 - Writ of Summons in RBC Royal Bank (Cayman) Ltd. v. Fritz Alberth McPherson at the Grand Court of the Cayman Islands.

Cayman judge dismisses petition against Circumference Holdings as 'abuse of process'

May 04, 2021 - A petition by Luxembourg-based accused fraudster Nicholas Martin to wind up the Cayman Islands holding company of the Circumference Group of corporate service providers has been dismissed "on the grounds that it is an abuse of process".

Cayman-based broker Andrew McAlpine pleads guilty to securities fraud conspiracy

May 04, 2021 - Canadian penny stock broker Andrew McAlpine has pleaded guilty to conspiracy to commit securities fraud at federal court in California and received permission to return to his home in the Cayman Islands pending sentencing. Prosecutors have recommended that he serve between six and 12 months in prison and he also faces restitution of "at least $270,689".

Nicholas Martin v. Circumference Holdings Ltd.: Judgment

May 03, 2021 - Judgment striking out a winding-up petition for being "an abuse of process" in Nicholas James Martin, of Luxembourg v. Circumference Holdings Ltd. at the Grand Court of the Cayman Islands.

USA v. Andrew McAlpine: Plea Agreement

May 03, 2021 - Plea Agreement in USA v. Andrew McAlpine at the U. S. District Court for the Southern District of California.

Dismatrix SPC et al v. Douglas Bassett: Discovery Application

May 03, 2021 - Application by Dismatrix SPC, Asyndeton, and Polysyndeton, all of the Cayman Islands, to take discovery from Douglas M. Bassett, of Umatilla, Florida, USA, for use in legal proceedings against Equity Capital UK Limited in England regarding "a fraudulent Forex trading scheme operated by Mediatrix Capital Inc., Blue Isle Markets Inc., and Blue Isle Markets Ltd.", filed at the U. S. District Court for the Middle District of Florida.

Nicholas Martin v. Circumference Holdings Ltd.: Order Striking Out Petition

May 03, 2021 - Order striking out petition "on the grounds that it is an abuse of the process" in Nicholas James Martin, of Luxembourg v. Circumference Holdings Ltd. at the Grand Court of the Cayman Islands.

Flextronics da Amazonia Ltda et al v. CRW Plastics USA Inc.: Complaint

April 30, 2021 - Complaint in Flextronics da Amazonia Ltda, of Brazil; Flextronics Technologia do Brasil Ltd., of the Cayman Islands, and Flextronics Industries Singapore Ltd., of Singapore v. CRW Plastics USA Inc. at the U. S. District Court for the Southern District of New York.

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.