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Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko et al: Amended Complaint

June 04, 2013 - Amended Complaint in Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko, Alexander Tymoshenko, and Andrey Vavilov at the U. S. District Court for the Southern District of New York.

Sen. Carl Levin Letter: Closing 10 Offshore Tax Loopholes

October 05, 2012 - Letter about closing offshore ten tax loopholes from Senator Carl Levin to Senator Harry Reid, Senator Mitch McConnell, Senator Dick Durbin, Senator Jon Kyl, Senator Kent Conrad, Senator Saxby Chambliss, Senator Mark Warner, Senator Mike Crapo, Senator Tom Coburn, Senator Michael Bennet, Senator Mike Johanns, Senator John McCain, Senator Jeanne Shaheen, Senator Lindsey Graham, Senator Sheldon Whitehouse, Senator Kelly Ayotte, Honorable Timothy Geithner, Secretary of the Treasury; Gene Sperling, Director, National Economic Council, dated October 5, 2012.

Cayman Islands hedge fund seeks to enforce $37 m judgment against Republic of Nauru

February 13, 2012 - Cayman Islands-domiciled Firebird Global Master Fund II Ltd. has filed a complaint at federal court in Washington, DC in an attempt to enforce a $37 million judgment that it obtained in Japan last year against the Republic of Nauru.

Firebird Global Master Fund II Ltd. v. Republic of Nauru: Complaint(2)

February 09, 2012 - Complaint in Firebird Global Master Fund II Ltd. v. Republic of Nauru at the U. S. District Court for the District of Columbia.

Firebird Global Master Fund II Ltd. v. Republic of Nauru: Complaint

February 06, 2012 - Complaint to Enforce Foreign Judgment for $37 million in Firebird Global Master Fund II Ltd., domiciled in the Cayman Islands, v. Republic of Nauru at the U. S. District Court for the District of Columbia.

Credit Suisse (Guernsey) and trust officers accused of concealing proceeds of corruption by Ukraine politicians

January 17, 2012 - Credit Suisse (Guernsey), three of its trust officers and a BVI-domiciled IBC are being sued for allegedly concealing the proceeds of corruption by former Ukraine Prime Ministers Pavlo Lazarenko and Yulia Tymoshenko and avoiding paying debts, including an $18 m judgment. At least $2.6 m in "bribes" went into accounts at Barclays Bank, in the Cayman Islands, it was alleged.

Universal Trading & Investment Co, Inc. et al v. Credit Suisse AG et al: Complaint

January 11, 2012 - Complaint in Universal Trading & Investment Co, Inc., and Foundation Honesty International, Inc., both of Massachusetts, v. Credit Suisse AG, of New York; Credit Suisse (Guernsey) Ltd., of Guernsey; Credit Suisse Trust Ltd., of Guernsey; Philip John Glanfield, of Guernsey; Pamela Freda Kay Le Cheminant, of Guernsey; and Julia Rosalind Church, of Guernsey, at the U. S. District Court for the Southern District of New York.

Universal Trading & Investment Co., Inc. v. Bassington, Ltd.: Complaint

December 14, 2011 - Complaint in Universal Trading & Investment Co., Inc., of Massachusetts, v. Bassington, Ltd., of the British Virgin Islands, at the U. S. District Court for the District of Massachusetts.

Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko: Complaint

November 04, 2011 - Complaint in Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko at the U. S. District Court for the Southern District of New York.

PayPal records targeted by IRS in offshore tax evasion investigation

October 26, 2005 - The IRS has asked a U. S. federal court for permission to serve a “John Doe” summons on Internet money transfer firm PayPal Inc. as part of a clampdown on tax evasion using offshore credit and debit cards.“The records requested in the summons will identify the holders of bank accounts at, or payment cards issued by banks in, the listed jurisdictions, information which is not otherwise readily available to the Internal Revenue Service,” stated the IRS in its petition.

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 crypto firm ICOBox sued by US regulator for 'unregistered' activity
Cayman Islands cryptocurrency "incubator" ICOBox and its founder, Nikolay Evdokimov, have been sued by the U.S. SEC for alleged illegal involvement in digital token offerings that raised $665 million. In a separate lawsuit last year, a former CEO of an ICOBox subsidiary claimed the group's "main shareholders" were "all funded by Russian money laundered through bitcoins and other cryptocurrencies".
LATEST ARTICLES & DOCUMENTS  
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.