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William Likas v. ChinaCache International Holdings Ltd. et al: Class Action Complaint

August 09, 2019 - Class Action Complaint alleging securities fraud in William Likas v. ChinaCache International Holdings Ltd., domiciled in the Cayman Islands, where its registered agent is Conyers Trust Company (Cayman) Limited, based in China; Song Wang, Guangsheng Meng, Fengye Gao, and Jing An at the U. S. District Court for the Central District of California.

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.

Freestream Aircraft (Bermuda) Ltd. et al v. Husch Blackwell LLP et al: Complaint

August 02, 2019 - Complaint alleging fraud regarding a Cayman Islands-registered Airbus A319-115 aircraft and involving "a group of entities registered in the British Virgin Islands whose principal resides in Burkina Faso" in Brinley Holdings Inc., of Panama, and Freestream Aircraft (Bermuda) Ltd., of Bermuda v. Husch Blackwell LLP, a law firm domiciled in Delaware, based in Missouri, and Michael A. Cosby, of Missouri, at the U. S. District Court for the Northern District of Illinois.

USA v. Edward Gong: Application to Enforce Foreign Restraining Order

July 31, 2019 - Application to Enforce and Register Foreign Restraining Order regarding a $200 million fraud scheme by individuals in Canada, China, and New Zealand in USA v. Xiao Hua Gong, a.k.a. Edward Gong, a citizen of Canada, at the U. S. District Court for the District of Columbia.

Zillion Global Ltd. et al v. Deutsche Bank AG: Judgment

July 12, 2019 - Judgment in Zillion Global Limited and Fields Pacific Limited, both of the British Virgin Islands v. Deutsche Bank AG. Singapore Branch at Singapore High Court.

Celestial Commodities Ltd. et al: Statement of Disciplinary Action

July 10, 2019 - Statement of Disciplinary Action by the Hong Kong Securities and Futures Commission regarding Celestial Commodities Limited and Celestial Securities Limited.

Celestial Commodities Ltd. et al: Fines & Reprimands

July 10, 2019 - News Release by the Hong Kong Securities and Futures Commission regarding "reprimands and fines" against Celestial Commodities Limited and Celestial Securities Limited.

Wanting Long et al v. Eric McAfee et al: Complaint

July 01, 2019 - Complaint alleging securities fraud in Wanting Long, a citizen and resident of China, and Xuejun Meadows, of Illinois v. Eric McAfee, Joseph Penbera, Michael Panbera, Adam McAfee, Advanced BioEnergy LP, of California; Advanced BioEnergy GP LLC, of California; California Energy Investment Company LLC, of California; Aementis Inc., of Nevada; AE Advanced Fuels Inc., of Delaware; US Regional Center Services LLC, of Delaware, and Park Capital Management LLC, of California, at the U. S. District Court for the Eastern District of California.

Dorsey Ventures Ltd. v. Athene (Xiang) Li: Stop Notice re. Shares in XiO GP Ltd.

June 28, 2019 - Stop Notice by Dorsey Ventures Limited regarding shares in XiO GP Limited owned by Athene (Xiang) Li, filed at the Grand Court of the Cayman Islands.

GCL Capital Management Co. Ltd. v. Shenjun Wu: Stop Notice re. Shares in Goldensand Capital Ltd.

June 28, 2019 - Stop Notice by GCL Capital Management Co. Ltd., of China, regarding shares in Goldensand Capital Ltd., formerly known as GSR Capital Ltd., owned by Shenjun Wu, a.k.a. Sonny Wu, filed at the Grand Court of the Cayman Islands.

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.