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USA v. Jesus Gabriel Rodriguez, Jr.: Criminal Complaint

June 14, 2021 - Criminal Complaint alleging conspiracy "to commit money laundering by sending billions of dollars from the United States to Latin America and the Caribbean with the intent to promote the carrying on of organized criminal activity, including illegal gold mining, gold smuggling and the entry of goods into the U.S. by false means and statements, and narcotics trafficking" in a scheme that, inter alia, involved the Cayman Islands, Curaçao, and Venezuela in USA v. Jesus Gabriel Rodriguez, Jr. at the U. S. District Court for the Southern District of Florida.

Bank Leumi USA v. Trade Finance Trust et al: Interpleader Complaint

June 01, 2021 - Complaint for Interpleader in Bank Leumi USA v. Trade Finance Trust, of Delaware; IIG Trade Finance, LLC, as the administrator of Trade Finance Trust; IIG Bank (Malta) Ltd., of Malta; Girobank International N.V., of Curaçao; Girobank N.V., of Curaçao; Valerie P. Maria, of Curaçao, as the foreign representative of IIG Trade Opportunities Fund Ltd.; Christopher Kennedy and Alexander Lawson, both of the Cayman Islands, as Joint Liquidators of IIG Global Trade Finance Fund Ltd. and IIG Structured Trade Finance Fund Ltd.; TriLinc Global Impact Fund LLC, of Delaware, and TriLinc Global Impact Fund – Trade Finance Ltd., of the Cayman Islands, at the U. S. District Court for the Southern District of New York.

Bank Leumi USA v. Trade Finance Trust et al: Complaint

April 05, 2021 - Complaint for Interpleader regarding "the remainder of what was at one time several dozen accounts at the Bank opened by an affiliate of International Investment Group, LLC, a now defunct investment advisor accused by the Securities and Exchange Committee of perpetrating a fraud akin to a Ponzi scheme" in Bank Leumi USA v. Trade Finance Trust, described as "a Delaware Statutory Trust"; IIG Trade Finance LLC, of New York, as Administrator of Trade Finance Trust; IIG Bank (Malta) Ltd., of Malta; Girobank International N.V., of Curaçao; Girobank N.V., of Curaçao; Valerie P. Maria, of Curaçao, as the Foreign Representative of IIG Trade Opportunities Fund Ltd.; Christopher Kennedy and Alexander Lawson, both of the Cayman Islands, as Joint Liquidators of IIG Global Trade Finance Fund Ltd. and IIG Structured Trade Finance Fund Ltd.; TriLinc Global Impact Fund LLC, of Delaware, and TriLinc Global Impact Fund - Trade Finance Ltd., of the Cayman Islands, at the U. S. District Court for the Southern District of New York.

Tethyan Copper Company Pty Ltd. v. Aimbridge Hospitality LLC et al: Discovery Application

March 26, 2021 - Application by Tethyan Copper Company Pty Limited, of Australia, to take discovery from Aimbridge Hospitality LLC, Norton Rose Fulbright US LLP, and White & Case LLP for use in legal proceedings in the British Virgin Islands that "arise from an arbitral award worth more than $6 billion made on July 12, 2019 under the auspices of the International Centre for the Settlement of Investment Disputes in TCC's favor against the Islamic Republic of Pakistan", filed at the U. S. District Court for the Southern District of New York.

David Hu: Industry Ban

February 04, 2021 - Administrative Order by the U. S. Securities and Exchange Commission imposing an industry ban on David Hu for securities fraud involving International Investment Group LLC and funds in the Cayman Islands and Curaçao.

SEC v. Charles Samel: Complaint

December 21, 2020 - Complaint alleging "Defendant's role in a string of frauds by the International Investment Group to cover up tens of millions of dollars in investor losses on bad bets and keep its investment advisory business afloat" in U. S. Securities and Exchange Commission v. Charles Samel, of Sherman Oaks, California, at the U. S. District Court for the Southern District of New York.

Girobank NV et al v. Trade Finance Trust et al: Complaint

November 20, 2020 - Complaint "to set aside certain fraudulent conveyances and to secure a preliminary and permanent injunction enjoining defendants from transferring certain funds in accounts at Bank Leumi USA without first allocating Girobank its fair share of those funds, in which Girobank holds an equitable trust interest" in Girobank NV and Girobank International NV, both of Curaçao v. Trade Finance Trust, of Delaware; IIG Global Trade Finance Fund Ltd., of the Cayman Islands; IIG Structured Trade Finance Fund Ltd., of the Cayman Islands; TriLinc Global Impact Fund – Trade Finance Ltd., of the Cayman Islands, and IIG Bank (Malta), Ltd., of Malta, at the U. S. Bankruptcy Court for the Southern District of New York.

Galina Trunina et al v. Peters International (Cayman) Ltd. et al: Writ of Summons

October 14, 2020 - Writ of Summons alleging "a dishonest scheme" in Galina Trunina and 114 other individuals v. Peters International (Cayman) Limited, of the Cayman Islands; Peters International Investment BV, of Curaçao; Promsvyaz Capital BV, of the Netherlands, and Dmitri Ananyev, of Cyprus, at the Grand Court of the Cayman Islands.

Madison Asset LLC v. Deutsche Bank AG: Complaint (Redacted)

October 14, 2020 - Redacted Complaint "against Deutsche for its role in a fraudulent trading scheme orchestrated by Madison's former principals and principals of related entities between 2014 and 2017 that caused Madison to suffer more than $200 million in damages" in Martin Trott and Christopher Smith, of RHSW (Cayman) Limited, as Joint Official Liquidators of Madison Asset LLC (in Official Liquidation), described as "a Cayman investment fund that is now in official liquidation proceedings before the Grand Court of the Cayman Islands" v. Deutsche Bank AG at the U. S. Bankruptcy Court for the Southern District of New York.

SEC v. David Hu: Complaint

July 17, 2020 - Complaint alleging securities fraud involving, inter alia, funds in Curaçao and the Cayman Islands and a "borrower" in Argentina in U. S. Securities and Exchange Commission v. David Hu 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.