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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.

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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.

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.

'Remove details of Dario Item's disqualification', writes reputation manager

June 05, 2019 - Letter from Ealixir, which claims to be "world leaders in the removal of undesirable web content and links", requesting the removal from OffshoreAlert's website of an enforcement action by the Labuan Financial Services Authority against its client, Dario Item, who, according to his promotional material, is an attorney in Switzerland and, inter alia, the Ambassador for Antigua & Barbuda to Spain, Monaco, and Liechtenstein.

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.

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.

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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.