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Ajay Arora: Fine & Industry Ban

March 10, 2020 - Decision Notice by the Dubai Financial Services Authority announcing a fine and financial services industry ban regarding Ajay Arora, described as "Senior Executive Officer of Morgan Gatsby Limited", for breaches of Regulatory Law, including the promotion of the Essel Africa Natural Resource Fund, described as an "unregulated fund" domiciled in Luxembourg.

Robert Monster v. Ganeden Biotech Inc. et al: Complaint

March 04, 2020 - Complaint alleging "reverse domain name hijacking" in Robert W. Monster v. Ganeden Biotech Inc., of Ohio, and Kerry Luxembourg Sàrl, of Luxembourg, at the U. S. District Court for the Western District of Washington.

Jane Does 1-9 v. Collins Murphy et al: Complaint

March 04, 2020 - Complaint regarding "Collins Murphy's intentional act of placing hidden spy cameras in the women’s locker room" in Jane Does 1-9 v. Collins Murphy, of Maryland; Limestone College, MindGeek Holding SARL, a.k.a. MindGeek USA Inc., d.b.a., described as "a Canadian company with headquarters" in California but, according to research by OffshoreAlert, is actually a Luxembourg company headquartered in Canada, and Hammy Media Ltd., d.b.a., of Cyprus, at the U. S. District Court for the District of South Carolina.

Aircraft Solutions Lux V-B SARL: Chapter 15 Petition

February 27, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Luxembourg by Max Mailliet, of E2M SARL, as the Foreign Representative of Aircraft Solutions Lux V-B SARL, a wholly-owned subsidiary of Anguilla-domiciled Aircraft Solutions II-B (Offshore) LLC, at the U. S. Bankruptcy Court for the Southern District of Florida.

Colville LLC v. Duet Real Estate Partners 1 LP: Winding Up Petition

February 12, 2020 - Winding Up Petition in Colville LLC, of Delaware v. Duet Real Estate Partners 1 LP, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Revive Investing LLC v. FBC Holdings Sarl et al: Complaint

January 23, 2020 - Complaint in Revive Investing LLC, of Texas v. FBC Holdings Sarl, of Luxembourg, as Defendant, and Sphere 3D Corp., of Canada, as Nominal Defendant, at the U. S. District Court for the Southern District of New York.

Equity Power Fund: Shareholder Letter (January 17, 2020)

January 17, 2020 - Shareholder Letter by the Board of Directors of LFP I SICAV SIF S.A., of Luxembourg, providing an update into an investigation into Equity Power Fund for suspected fraud.

Gabelli Asset Fund et al v. Resideo Technologies, Inc. et al: Class Action Complaint

January 07, 2020 - Class Action Complaint in GAMCO International SICAV, of Luxembourg; The Gabelli Asset Fund, The Gabelli Dividend & Income Trust, The Gabelli Equity Trust Inc., The Gabelli Focus Five Fund, The Gabelli Multimedia Trust Inc., The Gabelli Value 25 Fund Inc., and GAMCO Asset Management Inc. v. Resideo Technologies, Inc., Honeywell International Inc., Michael G. Nefkens, and Joseph D. Ragan III at the U. S. District Court of the District of Minnesota.

Morgan Gatsby Ltd.: Fine

January 06, 2020 - Decision Notice by the Dubai Financial Services Authority announcing a fine against Morgan Gatsby Limited regarding the promotion of Essel Africa Natural Resource Fund, of Luxembourg, and other matters. Editor's Note: Research by OffshoreAlert showed that, according to the website of the Dubai International Financial Centre, Morgan Gatsby Limited went into liquidation on February 5th, 2019, that its directors are Gagan Jawahar Goyal, Shahzaad Siraj Dalal, and Ajay Rajinder Arora, and former directors include Pankaj Prem Gupta, Mazin Mohammad Mohyelddin Alkhatib, Farhan Abdulrahim Mohammed Faraidooni, Ahmad Abdulla Juma Binbyat, and George Zaki George Mushahwar.

LFP I SICAV SIF SA: Lawsuit Announcement

January 02, 2020 - News Release by LFP I SICAV SIF SA announcing that it has "initiated judicial claims in the commercial court in Luxembourg against its former directors, including Luc Leleux (founder), Julien Renaux (founder), Mark Stephens, and Jonathan Burger" regarding a sub-fund operated by Columna Commodities.

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.