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Sinnalba Group Ltd. et al v. Timothy Harper: Writ of Summons

November 01, 2019 - Writ of Summons in Sinnalba Group Limited and Dinosco Group Limited v. Timothy Harper, of Cononley, England, at the Grand Court of the Cayman Islands.

Rishi Gupta v. New Silk Route Advisors LP et al: Complaint

October 07, 2019 - Complaint alleging "Retaliation in Violation of the Dodd-Frank" in Rishi Gupta, of New York, NY, described as "a SEC Whistleblower" v. New Silk Route Advisors LP, of the Cayman Islands; New Silk Route Partners Ltd., of the Cayman Islands; Parag Saxena, of New York, NY; New Silk Route PE Associates LP, of the Cayman Islands; New Silk Route PE Asia Fund-A LP, of the Cayman Islands; New Silk Route Asia Fund LP, of the Cayman Islands; New Silk Route Holdings LLC, of Mauritius, as Defendants, and New Silk Route Mauritius Advisors LLC, of Mauritius; Arduino Holdings Limited, of Cyprus; InGain Traders LLC, of Mauritius; South Asia Gastronomy Enterprises LLC, of Mauritius; Orisen MedTech Limited, of Mauritius; A H Holdings (BVI) Limited, of the British Virgin Islands, and A H Holdings Sarl, of Luxembourg, as Relief Defendants, at the U. S. District Court for the Southern District of New York.

SEC v. Kai Petersen et al: Complaint

September 26, 2019 - Complaint alleging a $100 million-plus 'binary options' fraud in U. S. Securities and Exchange Commission v. Kai Christian Petersen, a resident of Germany; Gil Beserglik, a citizen of Israel, and Raz Beserglik, a citizen of Israel, as Defendants, and Shraga Holdings Ltd. and Lembex Global Investments Ltd., both of the British Virgin Islands, as Relief Defendants, at the U. S. District Court for the Central District of California.

Satview Ltd. v. Vermilia Investments Ltd.: Liquidation Application

September 25, 2019 - Originating Application in Satview Limited, of Cyprus v. Vermilia Investments Limited at the British Virgin Islands High Court.

Sinnalba Group Ltd. et al v. Dirk van Daele: Writ of Summons

September 06, 2019 - Writ of Summons in Sinnalba Group Limited, "a consultancy business" based in Scotland, and Dinosco Group Limited, of the Cayman Islands v. Dirk van Daele, of Switzerland, at the Grand Court of the Cayman Islands.

Bitseller Expert Ltd. et al v. Verisign Inc.: Complaint

September 04, 2019 - Complaint in Bitseller Expert Ltd., of Cyprus, and Accuracy Consulting Ltd., of the British Virgin Islands v. Verisign Inc., of Delaware, at the U. S. District Court for the Eastern District of Virginia.

Mazlin Trading Corp. et al v. WJ Holding Ltd. et al: Petition to Enforce Arbitration Awards

August 15, 2019 - Petition to Recognize and Enforce Foreign Arbitration Awards in Mazlin Trading Corp., of the British Virgin Islands, and Shireen Maritime Ltd., of Liberia v. WJ Holding Ltd., of Cyprus; Stubrick Limited, of Cyprus, and Yuri Drukker, described as a citizen of the USA, at the U. S. District Court for the Southern District of New York.

Banc De Binary Ltd.: Settlement

August 14, 2019 - Announcement by the Cyprus Securities and Exchange Commission of a settlement with Banc De Binary Ltd.

CFTC v. Yukom Communications Ltd. et al: Complaint

August 12, 2019 - Complaint for "an illegal and fraudulent 'binary options' trading scheme" involving companies in Anguilla, Bulgaria, Cyprus, Gibraltar, Israel, Malta, Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and the United Kingdom in Commodity Futures Trading Commission v. Yukom Communications Ltd., of Israel; Linkopia Mauritius Ltd., of Mauritius; Wirestech Limited, d.b.a. BigOption, of the Marshall Islands; WSB Investments Ltd., d.b.a. BinaryBrook, of Anguilla, Gibraltar, St. Vincent and the Grenadines, and the United Kingdom; Zolarex Ltd., d.b.a. BinaryOnline, of the Marshall Islands; Yakov Cohen, an Israeli residing in Israel and Mauritius; Yossi Herzog, of Israel; Lee Elbaz, of Israel, currently incarcerated in the USA, and Shalom Peretz, of Israel, at the U. S. District Court for the Northern District of Illinois.

WJ Holding Ltd. et al v. Shireen Maritime Ltd. et al: Notice of Removal

August 08, 2019 - Notice of Removal, including a copy of the complaint, in WJ Holding Limited and Stubrick Limited, both of Cyprus and both owned by Yuri Drukker v. Shireen Maritime Ltd., of Liberia; Mazlin Trading Corp., of the British Virgin Islands; AMM Consulting and Management Group LLC, of Florida, and Alexander Spiegel, of Florida, 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.