OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

HONG KONG

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Sinotech Power International Ltd.: Restoration Application

August 16, 2019 - Originating Application in the matter of Sinotech Power International Limited at the Grand Court of the Cayman Islands.

Mayhem Crude Inc. v. Borrelli Walsh Pte Ltd. et al: Complaint

August 09, 2019 - Complaint in Admiralty in Mayhem Crude Inc., of the Marshall Islands v. Borrelli Walsh Pte Ltd., of Singapore; Cosimo Borrelli, described as a citizen of Australia and resident of Hong Kong; Jason Kardachi, described as a citizen of Australia and resident of Singapore, and Standard Chartered Bank, of England, at the U. S. District Court for the Northern District of California.

ED&F Man Capital Markets Ltd. v. Matthew Olivo et al: Discovery Application

August 06, 2019 - Application by ED&F Man Capital Markets Limited, of England, described as "the victim of a large fraud arising out of its purported purchase of nickel for trading purposes", to take discovery from Matthew Ryan Olivo and Ian McGuinn for legal proceedings in England against Come Harvest Holdings Limited, of Hong Kong; Mega Wealth International Trading Limited, of Hong Kong; Steven Kai Shing Kao, of California; Genesis Resources Inc., of California; Genesis Properties Holding LLC, of California; Genesis KingHwa LLC, of California; Transcendent Global Finance, Inc., of California; Transcendent (SG) Pte Ltd., of Singapore; Sampo International Ltd., of the British Virgin Islands, and Straits (Singapore) Pte Ltd., of Singapore, filed at the U. S. District Court for the Southern District of New York.

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.

Liechteinstein: Ivan Matracchi

July 29, 2019 - Application for the appointment of a Commissioner to collect evidence from Microsoft Corporation - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into Ivan Matracchi for suspected fraud and money laundering.

FMS Inc. v. Namecheap, Inc.: Discovery Application

July 16, 2019 - Application by FMS Inc. to take discovery from Namecheap, Inc. for use in legal proceedings in Hong Kong against HK Bingran Trade Limited for alleged fraud involving email spoofing, filed at the U. S. District Court for the District of Arizona.

United American Corp. v. Bitcoin.com: Motion to Effect Service

July 12, 2019 - Plaintiff's Motion for Judicial Assistance to effect service in Saint Kitts and Nevis on Saint Bitts LLC, d.b.a. Bitcoin.com, for a complaint alleging cryptocurrency fraud in United American Corp. v. Bitmain Inc., of Delaware; Saint Bitts LLC, d.b.a. Bitcoin.com, of Saint Kitts & Nevis; Roger Ver, of Japan; Bitmain Technologies Ltd., of Hong Kong; Bitmain Technologies Holding Company, of the Cayman Islands; Jihan Wu, of California; Payward Ventures Inc., d.b.a. Kraken, of Delaware; Jesse Powell, of California; Amaury Sechet, of France; Shammah Chancellor, of California; and Jason Cox, of California, at the U. S. District Court for the Southern District of Florida.

Chuah Bee Nah v. Google LLC: Discovery Application

July 12, 2019 - Application by Chuah Bee Nah, of Malaysia, to take discovery from Google LLC for use in legal proceedings in Malaysia involving Cathay Pacific Airways Limited, of Hong Kong, filed at the U. S. District Court for the Northern District of California.

Scientific Games Corp. et al v. Sylebra HK Company Ltd. et al: Notice of Removal

July 11, 2019 - Notice of Removal, including a copy of a complaint alleging "inquiries or investigations into Sylebra" by gaming regulators in Canada, Alderney in the Channel Islands, Malta, the United Kingdom, and the United States, in Scientific Games Corporation and Bally Gaming Inc., both of Nevada v. Sylebra HK Company Ltd., of Hong Kong; Sylebra Capital Management Limited, Sylebra Capital Partners Master Fund Limited, Sylebra Capital Partners (Offshore) Limited, and Sylebra Capital Partners (Onshore) Limited, all of the Cayman Islands, at the U. S. District Court for the District of Nevada.

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.

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.

View Recent Digests

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.