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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.

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USA v. CompuCom Campus: Forfeiture Complaint

August 06, 2020 - Forfeiture Complaint regarding "assets that facilitated, were involved in, and are traceable to an international conspiracy to launder money embezzled and fraudulently obtained from PrivatBank", described as "a Ukrainian financial institution located in Ukraine, with a branch in Cyprus and an affiliated entity in Latvia, among other places" in USA v. "a roughly 19.5-acre office park comprising three buildings, parking areas, and undeveloped land known as the CompuCom Campus and located at 7505 and 7171 Forest Lane, Dallas, Texas 75230" at the U. S. District Court for the Southern District of Florida.

USA v. PNC Plaza: Forfeiture Complaint

August 06, 2020 - Forfeiture Complaint regarding "assets that facilitated, were involved in, and are traceable to an international conspiracy to launder money embezzled and fraudulently obtained from PrivatBank", described as "a Ukrainian financial institution located in Ukraine, with a branch in Cyprus and an affiliated entity in Latvia, among other places" in USA v. PNC Plaza at the U. S. District Court for the Southern District of Florida.

FS Algarrobo Ltd. et al v. Columbia Shipmanagement Ltd.: Complaint

August 04, 2020 - Complaint in FS Algarrobo Limited, FS Andes Limited, FS Andino Limited, FS Africa Limited, and FS Austral Limited, all of Liberia v. Columbia Shipmanagement Ltd., of Cyprus, as Defendant, and Bacardi Corporation, E D and F Man Liquid Products LLC, ExxonMobil Oil Corporation, Freepoint Commodities LLC, Inchcape Shipping Services, Inc., Linblad Expeditions, LLC, Marathon Petroleum Supply LLC, Navig8 Product Tankers LLC, Novum Energy Trading Inc., NYK Line (North America) Inc., Shell Trading Services Company, Wilhelmsen Ship Management (USA) Inc., Wilhelmsen Ships Service, Inc., Trafigura Trading LLC, UPT United Product Tankers (Americas) LLC, and Valero Marketing and Supply Company, as Garnishees, at the U. S. District Court for the District of Delaware.

Aleksej Gubarev et al v. Orbis Business Intelligence Ltd. et al: Approved Judgment (2020)

July 31, 2020 - Approved Judgment regarding alleged misconduct involving "the solicitors acting for the claimants, McDermott Will and Emery LLP and Ms Ziva Robertson, a partner in that firm" in Aleksej Gubarev and Webzilla Limited v. Orbis Business Intelligence Limited and Christopher Steele at the High Court, in London.

UGL Exchange Ltd.: License Revocation

July 20, 2020 - Decision by the Cyprus Securities and Exchange Commission to withdraw the Cyprus Investment Firm authorization of UGL Exchange Ltd.

Rangecroft Ltd. v. Lenox International Holdings Ltd.: Judgment

July 06, 2020 - Judgment regarding an application for the appointment of a liquidator in Rangecroft Ltd. v. Lenox International Holdings Ltd. at the British Virgin Islands High Court.

Deutsche Bank AG et al: $150M Fine

July 06, 2020 - Consent Order regarding "the Bank's relationship with Jeffrey Epstein" in New York Department of Financial Services v. Deutsche Bank AG, of Germany; Deutsche Bank AG, New York Branch, and Deutsche Bank Trust Company of the Americas.

Belgium v. Levi Dewaegenaere et al: Criminal Judgment

June 30, 2020 - Judgment in Belgium v. Levi Emmerik Adelin Dewaegenaere and Wouter Adrianus van Loon at the Criminal Court of Appeal, Antwerp, Belgium.

Evison Holdings Ltd. v. BrokerCreditService Cyprus Ltd. et al: Discovery Application

June 30, 2020 - Application by Evison Holdings Limited, of Cyprus, to take discovery from BrokerCreditService Cyprus Ltd., of Cyprus, and BrokerCreditService Americas Inc., of New York, for use in "an English arbitration... and in Criminal Proceedings in Russia" involving allegations of fraud, filed at the U.S. District Court for the Southern District of New York.

Lynwood Investments CY Ltd. v. Maxim Konovalov et al: Complaint

June 08, 2020 - Complaint alleging the defendants "brazenly stole an entire popular web server enterprise from their employer Rambler Internet Holding LLC in Russia" in Lynwood Investments CY Limited, of Russia v. Maxim Olegovich Konovalov, Igor Vladimirovich Sysoev, Andrey Alexeev, Maxim Alexandrovich Dounin, and Gleb Smirnoff, all of Russia; Angus James Bruce Robertson, of Miami Beach, Florida; NGINX Inc., of the British Virgin Islands; NGINX Software Inc., of Delaware; NGINX, Inc., of Delaware; BV NGINX, LLC, of Delaware; Runa Capital, Inc., of Delaware; eVenture Capital Partners II LLC, of Delaware, and F5 Networks, Inc., described as a Seattle-based company whose shares are listed on NASDAQ, at the U. S. District Court for the Northern District of California.

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.