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Sridhar Thiruvengadam: Findings

September 13, 2019 - Order Instituting Administrative Proceedings and Making Findings regarding evidence that "an Indian government official had made a $2 million bribe demand" against Sridhar Thiruvengadam, a citizen of India, before the U. S. Securities and Exchange Commission.

Flemingo International (BVI) Ltd. v. UBS AG: Set Aside Application

August 15, 2019 - Originating Application to set aside a Statutory Demand in Flemingo International (BVI) Limited v. UBS AG, of Zurich, Switzerland, at the British Virgin Islands High Court.

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.

Mundo Media Ltd. et al: Chapter 15 Petition

June 18, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Ernst & Young, as the Foreign Representative of Mundo Media Ltd., 2538853 Ontario Ltd., M Zone Marketing Inc., and AppThis Holdings, Inc., at the U. S. Bankruptcy Court for the District of Delaware.

SEC v. LongFin Corp. et al: Complaint

June 05, 2019 - Complaint for cryptocurrency-related securities fraud in U. S. Securities and Exchange Commission v. LongFin Corp., of Delaware, and Venkata S. Meenavalli, of India, at the U. S. District Court for the Southern District of New York.

SEL Manufacturing Co. Ltd.: Chapter 15 Petition

May 06, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in India by Neeraj Saluja, as the Foreign Representative of SEL Manufacturing Co. Ltd., at the U. S. Bankruptcy Court for the District of Delaware.

Subscriber Holdings LLC v. Brightstar Corp. et al: Complaint

May 02, 2019 - Complaint in Subscriber Holdings LLC v. Brightstar Corp., Brightstar Device Protection LLC, formerly eSecuritel Holdings LLC; Brightstar Re Ltd., formerly eSecuritel Re Ltd., of Bermuda; Brightstar US Inc., Brightstar Logistics Pty Limited, of Australia; Brightstar Telecommunications India Ltd., of India; Sprint Corporation, SoftBank Group Corp., of Japan, and Mobile Leasing Solutions LLC at the U. S. District Court for the Northern District of Georgia.

Rakhi Bhansali v. Twin Fields Investments Ltd.: Discovery Application

April 12, 2019 - Application by Rakhi Bhansali to take discovery from Twin Fields Investments Ltd. for use in legal proceedings in India, filed at the U. S. District Court for the District of Delaware.

Rosimuschestvo v. Blackstone Group LP: Discovery Application

April 05, 2019 - Application by the Federal Agency for State Property Management of the Russian Federation (Rosimuschestvo) to take discovery from The Blackstone Group LP for use in legal proceedings in India, filed at the U. S. District Court for the Southern District of New York.

Manet Trust et al v. Bank of China et al: Discovery Application

March 28, 2019 - Application by Opus Trustees Limited, of Guernsey, in its capacity as trustee of The Manet Trust and Renoir Investments Limited, of Guernsey, to take discovery from Bank of China, The Bank of New York Mellon, BNP Paribas, Citibank NA, CommerzbankAG, Deutsche Bank Trust Company Americas, HSBC Bank, JPMorgan Chase Bank NA, Societe Generale, Standard Chartered Bank, and UBS AG for contemplated legal proceedings in Guernsey regarding a fraud believed to involve Société Bancaire et Fiduciarie Privée, Credit Foncier Comoros, Credit Foncier International s.r.o., Federico Cappuzzo, Daria Chekhova, Laura Meier, Credit Foncier Dubai UAE, and Kataryna Ryzovska, filed 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 crypto firm ICOBox sued by US regulator for 'unregistered' activity
Cayman Islands cryptocurrency "incubator" ICOBox and its founder, Nikolay Evdokimov, have been sued by the U.S. SEC for alleged illegal involvement in digital token offerings that raised $665 million. In a separate lawsuit last year, a former CEO of an ICOBox subsidiary claimed the group's "main shareholders" were "all funded by Russian money laundered through bitcoins and other cryptocurrencies".
LATEST ARTICLES & DOCUMENTS  
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.