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

MARSHALL ISLANDS

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Medisun Precision Medicine, Ltd. et al: Administrative Proceedings

August 13, 2019 - Order Instituting Administrative Proceedings in the matter of Medisun Precision Medicine, Ltd., of the Marshall Islands, whose shares are listed on OTC Link; Next Graphite, Inc., of Nevada, and Omni Shrimp, Inc., of Nevada, before the U. S. Securities and Exchange Commission.

Steven Monosson et al v. Teekay Offshore Partners LP et al: Complaint

August 12, 2019 - Class Action Complaint in Steven Monosson and Mark Whiting, both of California v. Teekay Offshore Partners LP, of the Marshall Islands; Teekay Offshore GP LLC, a Marshall Islands entity owned by Brookfield TK TOGP LP, of Bermuda; Brookfield Asset Management Inc., domiciled in Canada, listed on the New York Stock Exchange; Brookfield Business Partners LP, of Bermuda; William Utt, Ian Craig, Kenneth Hvid, Craig Laurie, David Lemmon, Jim Reid, Denis Turcotte, Greg Morrison, William Transier, Walter Weathers, Ingvild Saether, Jane Rune Steinsland, and Cyrus Madon at the U. S. District Court for the Southern District of New York.

CFTC v. Yukom Communications Ltd. et al: Complaint

August 12, 2019 - Complaint for "an illegal and fraudulent 'binary options' trading scheme" involving companies in Anguilla, Bulgaria, Cyprus, Gibraltar, Israel, Malta, Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and the United Kingdom in Commodity Futures Trading Commission v. Yukom Communications Ltd., of Israel; Linkopia Mauritius Ltd., of Mauritius; Wirestech Limited, d.b.a. BigOption, of the Marshall Islands; WSB Investments Ltd., d.b.a. BinaryBrook, of Anguilla, Gibraltar, St. Vincent and the Grenadines, and the United Kingdom; Zolarex Ltd., d.b.a. BinaryOnline, of the Marshall Islands; Yakov Cohen, an Israeli residing in Israel and Mauritius; Yossi Herzog, of Israel; Lee Elbaz, of Israel, currently incarcerated in the USA, and Shalom Peretz, of Israel, at the U. S. District Court for the Northern District of Illinois.

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.

Arc Controls Inc. v. Goliath Offshore Holdings Pte. Ltd. et al: Complaint

July 12, 2019 - Complaint in Admiralty in Arc Controls Inc. v. M/V Nor Goliath, of the Marshall Islands, and Goliath Offshore Holdings Pte. Ltd., of Singapore, at the U. S. District Court for the Southern District of Mississippi.

Noster Capital Master Fund et al v. Teekay Offshore Partners LP et al: Class Action Complaint

July 12, 2019 - Complaint in J. Deal Partnership I LP, of California; Noster Capital Master Fund, of the Cayman Islands, and Aquamarine Master Fund LP, of the British Virgin Islands, on behalf of themselves and unitholders of Teekay Offshore Partners LP v. Teekay Offshore Partners LP, based in Bermuda, domiciled in the Marshall Islands; Teekay Offshore GP LLC, a Marshall Islands company owned by a Bermuda limited partnership; William Utt, of Houston, Texas; Ian Craig, of the United Kingdom; Kenneth Hvid, of Vancouver, Canada; Craig Laurie, of New York. NY; David Lemmon, of Las Vegas; Jim Reid, of Toronto, Canada; Denis Turcotte, of Montreal, Canada; Gregory Morrison, of Bermuda; Bill Transier, of Houston, Texas; Brookfield Asset Management Inc., of Toronto, Canada; and Brookfield Business Partners LP, of Bermuda, listed on NYSE and Toronto Stock Exchange, at the U. S. District Court for the Southern District of New York.

SG Family Investments LLC et al v. Argyle Coin LLC et al: Complaint

July 12, 2019 - Complaint alleging a diamond-based cryptocurrency fraud involving an Initial Coin Offering by a company in the Marshall Islands in SG Family Investments LLC, Hector Collazo Canedo, Manuel Sanchez Navarro, T. Transporta Inc., all of Florida; Nelson Vasconcelos, Pedro Rafael Trias Betancourt, Diana Mercedes Camaripano Carballo, Carlos Longo Bixio, and Manuel Carvalho, all of Venezuela v. Argyle Coin LLC, Eagle Financial Diamond Group, of Florida; Jose Aman, Xiomara Aman, Harold Seigel, and Jonathan Seigel, all of Florida, at the U. S. District Court for the Southern District of Florida.

USA v. Milenyum Energy SA et al: Forfeiture Complaint

June 27, 2019 - Forfeiture Complaint in USA v. Funds in the names of Milenyum Energy SA, domiciled in Panama, based in Turkey, and Blue Energy Trade Ltd. Company, domiciled in St. Kitts and Nevis, based in Turkey, regarding a suspected scheme to launder via U.S. correspondent banks to evade U.S. sanctions concerning Syria, at the U. S.District Court for the District of Columbia.

Sarga International Ltd. v. JSC Murmansk Shipping Company: Complaint

June 24, 2019 - Complain in Sarga International Limited, of the Marshall Islands v. JSC Murmansk Shipping Company, of Russia, as owner of the M/V Pomorye, at the U. S. District Court for the Eastern District of Louisiana.

Moon Ltd. v. JPMorgan Chase Bank et al: Discovery Application

June 14, 2019 - Application by Moon Limited, of the Marshall Islands, to take discovery from JPMorgan Chase Bank NA and Citibank NA for use in legal proceedings in Hong Kong against Roderick Thomson, 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 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.