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Top Matrix Holdings Ltd. v. Credit Suisse Holdings (USA) Inc. et al: Foreign Discovery Petition

October 09, 2018 - Ex Parte Petition by Top Matrix Holdings Ltd., a British Virgin Islands-domiciled firm owned by Vitaly Malkin, a citizen of Russia, Israel, and Cyprus, to take discovery from Credit Suisse Holdings (USA) Inc., Credit Suisse (USA) Inc., Credit Suisse Securities (USA) LLC, Credit Suisse Asset Management, LLC, and Brady W. Dougan for use in contemplated proceedings in Switzerland concerning a fraud perpetrated by former Credit Suisse banker Patrice Lescaudron, filed at the U. S. District Court for the Southern District of New York.

Accent Delight International Ltd. et al v. Sotheby's et al: Complaint

October 02, 2018 - Complaint in Accent Delight International Ltd. and Xitrans Finance Ltd., both of the British Virgin Islands v. Sotheby's and Sotheby's Inc. at the U. S. District Court for the Southern District of New York.

Monaco: Traian Rostas

June 15, 2018 - Complaint for the extradition of Traian Rostas from the USA to Monaco, filed at the U. S. District Court for the District of Massachusetts.

Alexander Ben Zion Chudnovsky et al v. Silver Storm Ltd. et al: Claim Form

May 11, 2018 - Claim Form in Alexander Ben Zion Chudnovsky, Frenam Enterprises Limited, and Hazlewood Ventures Limited v. Silver Storm Limited and Aaron Shtainer at the British Virgin Islands High Court.

Faversham Development Ltd. v. BVI Financial Services Commission et al: Restoration Application

March 20, 2018 - Fixed Date Claim Form in Faversham Development Ltd. v. The Financial Services Commission and the Registrar of Corporate Affairs at the British Virgin Islands High Court.

Citco Group CEO Christopher Smeets accused of oppressing minority investors

August 14, 2017 - In a lawsuit filed in the Cayman Islands, Citco Group CEO Christopher Smeets has been accused of ripping off minority investors in the hedge fund administrator, most of whom are his own employees.

Citco Group agrees to pay $26M to settle Buddy Fletcher 'fraud' litigation

August 12, 2017 - Hedge fund administrator Citco Group and related parties have agreed to pay $26.25 million to settle litigation brought on behalf of investors in funds domiciled in the Cayman Islands and BVI that Citco sold to fraudster Buddy Fletcher's Fletcher International Group, which then allegedly looted them.

Andre Visser v. FFC Fund Ltd.: Winding Up Petition

August 08, 2017 - Winding Up Petition in Andre Visser v. FFC Fund Ltd. at the Grand Court of the Cayman Islands.

Belvedere Management firm wound-up over '£36 m boiler room scam'

February 19, 2016 - A British affiliate of Belvedere Management Group that is ultimately-owned by Cayman Islands-domiciled Brighton SPC has been wound up "in the public interest" in London for involvement in a boiler room fraud that swindled investors out of £36 million. Another Belvedere affiliate is fighting a similar winding-up petition.

Richcourt Funds et al v. Citco Group Ltd. et al: Complaint(1)

September 23, 2015 - Complaint in Corinne Ball, as Chapter 11 Trustee of Soundview Elite Ltd., Soundview Premium, Ltd., Soundview Star Ltd., Elite Designated Premium Designated and Star Designated, and John Ayres and Matthew Wright, as Joint Liquidators of America Alternative Investments Inc., Optima Absolute Return Fund Ltd., Richcourt Allweather B Inc., Richcourt Allweather Fund Inc., Richcourt Composite Inc. and Richcourt Euro Strategies Inc. v. Citco Group Limited, Ermanno Unternaehrer, Soundview Capital Management Ltd., Richcourt Capital Management Ltd., Citco Fund Services (Cayman Islands) Limited, Citco Fund Services (Europe) B.V., Citco Global Custody (NA) N.V., Citco Banking Corporation N.V., Citco Trading Inc., Richcourt Holding Inc., CFS Company Ltd., CFS Corporation Ltd., Christopher G. Smeets, Robert A. Voges, Alphonse Fletcher, Jr., Fletcher Asset Management, Inc., Fletcher International, Inc., George Ladner, Enrico Laddaga, Gabriele Magris, Yves Bloch, Denis Kiely, Stewart Turner, Gerti Muho, and Floyd Saunders at the U. S. Bankruptcy Court for the Southern District of New York.
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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.