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

ITALY

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Scandal-plagued Argentarius Group closes in Malta, moves to Cayman

July 12, 2019 - Amid legal and regulatory issues, Argentarius Group - which provides low-cost, regulation-free investment funds to asset managers, particularly fraudsters - has closed down in Malta, having moved its headquarters to the Cayman Islands, where it operates as iMaps Capital.

Swiss lawyer & Antigua Ambassador Dario Item fights Labuan regulatory ban, obtains Google removal

July 09, 2019 - London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has legally challenged director and officer disqualifications against him in Labuan and persuaded Google to remove an OffshoreAlert article from its European search engine results.

Labuan FSA Enforcement Actions: July 8, 2019

July 08, 2019 - Notification by the Labuan Financial Services Authority of legal action by Dario Item, a London-based Swiss lawyer who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., both of Labuan, challenging regulatory action against them.

Francesco Zanghi et al v. Piergraziano Ritella et al: Complaint

June 21, 2019 - Complaint alleging securities fraud and RICO in Francesco Zanghi and Zanghi LLC v. Piergraziano Ritella, of New York; Futura Hospitality LLC, of New York; Giuseppe Cavallaro, Alessandro Vacca, Studio Legale Cavallaro, and Gioia e Vita Sarl, all of Italy, at the U. S. District Court for the Southern District of New York.

Antigua's Ambassador to Spain banned as director & officer in Labuan

June 06, 2019 - London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has been disqualified and removed from acting as a director and officer of Blue Investment Bank and Blue Wealth Management in Labuan.

Salvatore Nisi v. Wells Fargo Bank: Discovery Application

May 29, 2019 - Application by Salvatore Rocco Nisi, beneficial owner of British Virgin Islands-domiciled Weddin Group Ltd., to conduct discovery from Wells Fargo Bank for use in proceedings in Panama involving National Advisors Corporation, whose sole director was identified as Luis Alberto Laguna Delgado, filed at the U. S. District Court for the Southern District of Florida.

Sergio Lovati et al v. Venezuela: Complaint

May 23, 2019 - Complaint alleging failure to make payments on bonds in Sergio Lovati, Rudi Lovati, Alessandra Sarago Lovati, and Alessandro Lucibello Piani, all of Italy v. The Bolivarian Republic of Venezuela at the U. S. District Court for the Southern District of New York.

Dinosaur Merchant Bank Ltd. v. Bancservices International LLC: Complaint

May 23, 2019 - Complaint in Dinosaur Merchant Bank Limited, of the United Kingdom v. Bancservices International LLC at the U. S. District Court for the Eastern District of Missouri.

Limora Investments Ltd.: Chapter 15 Petition

May 23, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Alexander Lawson and Paul Pretlove, as the Foreign Representatives of Limora Investments Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Proema Automotiva SA et al v. Citibank et al: Discovery Application

May 17, 2019 - Application by Fernando Celso de Aquinho Chad, as Judicial Administrator in Bankruptcy of Proema Automotiva SA, Bowden Industrial Ltda., and Interamna Patricipações SA, to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, 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, Wells Fargo Bank, N.A., UBS AG;Bank of America, N.A., Standard Chartered Bank, Commerzbank AG, Bank of China USA – New York Branch, Safra National Bank of New York, and The Clearing House Payments Company LLC for use in bankruptcy proceedings in Brazil, where the debtors' beneficial owner, Paolo Paparoni, is suspected of fraud, 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 databases, 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.