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STM Fidecs: Regulatory Settlement Agreement

August 06, 2020 - Statement by the Gibraltar Financial Services Commission regarding a "Regulatory Settlement Agreement" with STM Fidecs.

Intelsat SA et al: Chapter 11 Petition

May 14, 2020 - Chapter 11 Petition by Intelsat SA, of Luxembourg; Intelsat Virginia Holdings LLC, of Virginia; Intelsat Connect Finance SA, of Luxembourg; Intelsat (Luxembourg) SA, of Luxembourg; Intelsat Envision Holdings LLC, of Luxembourg; Intelsat US LLC, of Virginia; Intelsat Investment Holdings Sarl, of Luxembourg; Intelsat Holdings SA, of Luxembourg; Intelsat Investments SA, of Luxembourg; Intelsat UK Financial Services Ltd., of England; Intel Jackson Holdings SA, of Luxembourg; Intelsat Align Sarl, of Luxembourg; Intelsat License Holdings LLC, of Luxembourg; Intelsat Subsidiary (Gibraltar) Limited, of Gibraltar; Intelsat Holdings LLC, of Luxembourg; Intelsat Finance Bermuda Ltd., of Bermuda; Intelsat Satellite LLC, of Luxembourg; Intelsat License LLC, of Luxembourg; Intelsat Ventures Sarl, of Luxembourg; Intelsat Global Sales & Marketing Ltd., of England; Intelsat International Systems, LLC, of Virginia; PanAmSat International Holdings, LLC, of Virginia; Intelsat International Employment LLC, of Virginia; PanAmSat Europe Corporation, of Virginia; Intelsat Genesis GP LLC, of Virginia; Intelsat Service and Equipment LLC, of Virginia; Southern Satellite LLC, of Virginia; Southern Satellite Licensee LLC, of Virginia; PanAmSat International Sales, LLC, of Virginia; Intelsat Genesis Inc., of Virginia; Intelsat Alliance LP, of Virginia; Intelsat US Finance LLC, of Virginia; PanAmSat India LLC, of Virginia; PanAmSat India Marketing LLC, of Virginia, and Intelsat Asia Carrier Services, LLC, of Virginia, at the U. S. Bankruptcy Court for the Eastern District of Virginia.

Raphael Marrache v. Haslaha Ltd. et al: Judgment

May 05, 2020 - Judgment in Raphael Marrache v. Haslaha Limited, Edgar Lavarello and Adrian Hyde, as Joint Liquidators of Marrache & Co.; and Edgar Lavarello, as Official Trustee of the Estates of Isaac Marrache, Benjamin Marrache, and Solomon Marrache at the Supreme Court of Gibraltar.

Kazakhstan v. King & Spalding LLP: Discovery Application

March 19, 2020 - Application by the Republic of Kazakhstan to take discovery from King & Spalding LLP for use in criminal proceedings in Kazakhstan regarding suspected fraud, tax evasion, and money laundering involving Anatolie Stati and Gabriel Stati and "their group of affiliated companies which they have owned or controlled", including Ascom Group SA, of Moldova; Terra Raf Trans Traiding Ltd., of Gibraltar, and Hayden Intervest Limited, of the British Virgin Islands, filed at the U. S. District Court for the Southern District of New York.

Rybovich Boat Company LLC v. M/Y Blue Star et al: Complaint

January 29, 2020 - Complaint in Rybovich Boat Company LLC, of Palm Beach County, Florida v. M/Y Blue Star, a motor yacht registered in the Cayman Islands; Vladimir Gusinsky, a.k.a. Vladimir Gusinski, described as "a citizen of Russia and Israel, and Shakra Holdings Limited, of Gibraltar, at the U. S. District Court for the Southern District of Florida.

EXPOSED: Symtomax Group's fraudulent €12M Bond Offering

January 22, 2020 - A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.

Privilege Wealth Plc: Winding Up Order

January 15, 2020 - Winding Up Order in the matter of Privilege Wealth Plc at the High Court of Justice of England and Wales.

Petition to wind up British £40M fraud firm Privilege Wealth Plc

January 07, 2020 - Nearly two years after their appointment and having run out of cash, the Joint Administrators of Britain's Privilege Wealth Plc have applied to wind up the company, which collapsed after its £40 million-plus investment fraud was exposed by OffshoreAlert.

Elliot Broidy et al v. Global Risk Advisors LLC et al: Complaint

December 27, 2019 - Complaint alleging "In an effort to retaliate against and silence Mr. Broidy, Qatar hired its go-to firm for underhanded cyber-operations, Defendant GRA, to unlawfully hack into Mr. Broidy’s emails and into his company's servers to steal private communications, business documents, and other material" in Elliot Broidy, of Beverly Hills, California, and Broidy Capital Management LLC, of Los Angeles, California v. Global Risk Advisors LLC, of Delaware; GRA Maven LLC, described as "a military consulting firm" based in North Carolina; GRA Quantum LLC, described as "a full-service cybcersecurity company" based in New York, NY; Global Risk Advisors EMEA Limited, described as a Gibraltar company based in Qatar, and Kevin Chalker, described as "a former CIA officer" who is based in New York, at the U. S. District Court for the Southern District of New York.

Estate of Platon Elenin v. Mainstay Ltd.: Judgment

December 11, 2019 - Judgment in Michael Thomas Leeds, Nicholas Stewart Wood, and Kevin John Hellard, as Joint Trustees of the insolvent Estate of Platon Elenin, a citizen of Russia formerly known as Boris Berezovsky (deceased) v. Mainstay Trust Limited, as Defendant, and Church Lane Trustees Limited and Sugarbay Ventures Limited, of the British Virgin Islands, as Applicants, at Gibraltar Supreme Court.

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.