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SEC v. Denis Sotnikov et al: Complaint

March 13, 2020 - Complaint regarding alleging investment fraud involving, inter alia, a bank account in Hong Kong and a domain name registered in Cyprus in U. S. Securities and Exchange Commission v. Denis Georgiyevich Sotnikov, a citizen of Russia residing in Florida; Adaptive Technology LLC, AGQ Business Group LLC, ATL Business Group LLC, BO&SA Corporation, DN Industrial LLC, and Expert Digital LLC, as Defendants, and Natalia Aleksandrovna Mazitova, a citizen of Russia; Great Imperial LLC, HRC Clearing House LLC, and Inteko Cargo LLC, as Relief Defendants, at the U. S. District Court for the District of New Jersey.

USA v. Wang Kai Jie Trade Ltd. et al: Forfeiture Complaint

March 12, 2020 - Forfeiture Complaint in USA v. All Funds up to $499,000 of alleged fraud proceeds in accounts in the names of Wang Kai Jie Trade Ltd. and Easily Trading (HONGKONG) Company Limited at Standard Chartered Bank and China Citic Bank International, both in Hong Kong, filed at the U. S. District Court for the District of Vermont.

Philippe Lemieux v. Canaan Inc. et al: Class Action Complaint

March 04, 2020 - Complaint alleging securities fraud in Philippe Lemieux v. Canaan Inc., a Cayman Islands company based in China whose shares are listed on NASDAQ; Nangeng Zhang, Jiaxuan Li, Jianping Kong, Qifeng Sun, Quanfu Hong, Citigroup Global Markets Inc., China Renaissance Securities (Hong Kong) Limited, CMB International Capital Limited, Galaxy Digital Advisors LLC, Huatai Financial Holdings (Hong Kong) Limited, Tiger Brokers (NZ) Limited, Haitong International Securities Company Limited, and ViewTrade Securities Inc. at the U. S. District Court for the District of Oregon.

Stenn Assets UK Ltd. v. Citibank et al: Discovery Application

March 04, 2020 - Application by Stenn Assets UK Limited, of England, to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, New York, HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust Co. Americas, Bank of Nova Scotia, UBS AG, Bank of America, N.A., Standard Chartered Bank US, Commerzbank AG US and The Clearing House Payments Company, LLC for use in "contemplated arbitration proceedings" in Dubai against Arion Metals FZE, of Ras Al-Khaimah, filed at the U. S. District Court for the Southern District of New York.

SEC v. Tomer Feingold et al: Complaint

March 03, 2020 - Complaint alleging "an international insider trading scheme" involving individuals and companies in the British Virgin Islands, Cayman Islands, Cyprus, England, France, Hong Kong, Switzerland, and Thailand in U. S. Securities and Exchange Commission v. Tomer Feingold, and Dov Malnik, both described as citizens of Israel residing in Switzerland, as Defendants, and Adamas Healthcare Fund, of the Cayman Islands; Amiservice Development Limited, Ample Vantage Trading Limited, Bravo Business Limited, Kuray Investments Limited, Mignon Group Limited, and Upbeat Worldwide Investments Limited, all of the British Virgin Islands, as Relief Defendants, at the U. S. District Court for the Southern District of New York.

China Minsheng Banking Corp., Ltd. v. Asia Pacific Resources Development Investment Ltd.: Stop Notice Re. Shares in Nobao Renewable Energy Holdings Ltd.

February 28, 2020 - Stop Notice by China Minsheng Banking Corp., Ltd., Hong Kong Branch regarding shares in Nobao Renewable Energy Holdings Limited owned by Asia Pacific Resources Development Investment Limited, filed at the Grand Court of the Cayman Islands.

Er Kwong Wah v. China Sky Chemical Fibre Co. Ltd.: Winding Up Petition

February 27, 2020 - Winding Up Petition in Er Kwong Wah, of Singapore v. China Sky Chemical Fibre Co. Ltd., a Cayman Islands firm based in China, at the Grand Court of the Cayman Islands.

Firestar Diamond Inc. et al v. Ami Modi et al: Complaint

February 25, 2020 - Complaint alleging racketeering regarding "the largest bank fraud in Indian history" and involving companies and individuals in Belgium, the British Virgin Islands, Delaware, Dubai, England, Hong Kong, New York, South Dakota, and Texas in Firestar Diamond Inc., Firestar Diamond Inc., Fantasy Inc., and Old AJ Inc., f.k.a. Jaffe Inc. v. Ami Javeri, a.k.a. Ami Modi; Purvi Mehta, a.k.a. Purvi Modi; Nehal Modi, Neeshal Modi, Central Park Real Estate LLC, Central Park South 50 Properties LLC, Trident Trust Company (South Dakota) Inc., as Trustee of the Ithaca Trust; Twin Fields Investments Ltd., Auragem Company Ltd., Brilliant Diamonds Ltd., Eternal Diamonds Corporation Ltd., Fancy Creations Company Ltd., Hamilton Precious Traders Ltd., Sino Traders Ltd., Sunshine Gems Ltd., Unique Diamond and Jewellery FZC, World Diamond Distribution FZE, Vista Jewelry FZE, Empire Gems FZE, Universal Fine Jewelry FZE, Diagems FZC, Tri Color Gems FZE, Pacific Diamonds FZE, Himalayan Traders FZE, Unity Trading FZE, Fine Classic FZE, and DG Brothers FZE at the U. S. Bankruptcy Court for the Southern District of New York.

Canadian Troy Hogg sues Hong Kong-based crypto exchange HitBTC

February 20, 2020 - Canadian Troy Hogg, who perpetrated a cryptocurrency scam via his Bermuda-domiciled Arbitrade group, is suing a Hong Kong-based Bitcoin exchange known as HitBTC, alleging it has failed to redeem C$1.18 million of Bitcoin he claims to own.

Asia Private Credit Fund Ltd. v. Paul Heffner: Writ of Summons

February 19, 2020 - Writ of Summons in Asia Private Credit Fund Limited (in Official Liquidation) v. Paul Lincoln Heffner, of Hong Kong, at the Grand Court of the Cayman Islands.

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.