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Robert Stone v. NPLH (NZ) Ltd.: Winding Up Petition

June 19, 2020 - Winding Up Petition in Robert Devon Stone v. NPLH (NZ) Limited at the Grand Court of the Cayman Islands.

Penrich Global Macro Fund: Petition For Court Supervision of Voluntary Liquidation

May 13, 2020 - Petition for Court Supervision of a Voluntary Liquidation in the matter of Penrich Global Macro Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

David Motes v. Equiti US LLC et al: Class Action Complaint

April 07, 2020 - Class Action Complaint alleging investment fraud involving companies in the Bahamas, New Zealand, and Saint Vincent and the Grenadines in David Motes v. Equiti US LLC, of Florida, and Equiti Capital UK Limited, of England, at the U. S. District Court for the Southern District of Florida.

Philippe Lemieux v. Canaan Inc. et al: Class Action Complaint

March 04, 2020 - Complaint alleging securities fraud in Philippe Lemieux v. Canaan Inc., a Cayman Islands company based in China whose shares are listed on NASDAQ; Nangeng Zhang, Jiaxuan Li, Jianping Kong, Qifeng Sun, Quanfu Hong, Citigroup Global Markets Inc., China Renaissance Securities (Hong Kong) Limited, CMB International Capital Limited, Galaxy Digital Advisors LLC, Huatai Financial Holdings (Hong Kong) Limited, Tiger Brokers (NZ) Limited, Haitong International Securities Company Limited, and ViewTrade Securities Inc. at the U. S. District Court for the District of Oregon.

SEC v. Steve Bajic et al: Motion To Freeze Assets

January 06, 2020 - SEC's Motion for an Order Freezing and Repatriating Assets in the U. S. Securities and Exchange Commission v. Steve M. Bajic, Rajesh Taneja, Norfolk Heights Ltd., Fountain Drive Ltd., Island Fortune Global Ltd., Crystalmount Ltd., Wisdom Chain Ltd., SSID Ltd., Sure Mighty Ltd., Tamarind Investments Inc., Kenneth Ciapala, Anthony Killarney, BlackLight SA, Christopher Lee McKnight, and Aaron Dale Wise at the U. S. District Court for the Southern District of New York.

Briton David Rae pleads guilty to money laundering in US

December 27, 2019 - U.K. national David Rae, who was exposed by OffshoreAlert in 2012 for his role in a £100 million investment fraud by Cayman Islands-domiciled Axiom Legal Financing Fund, has pleaded guilty to money laundering in New Jersey regarding unrelated health care fraud schemes.

USA v. David Rae: Forfeiture Judgment

December 19, 2019 - Consent Judgment of Forfeiture and Preliminary Order of Forfeiture regarding, but not limited to, funds at ANZ Bank, in New Zealand, in the name of Sympatic Global Solutions LP and at Hong Kong & Shanghai Bank, in Hong Kong, in the name of Cargill Consulting Ltd. in USA v. David Rae, a citizen of the United Kingdom, at the U. S. District Court for the District of New Jersey.

USA v. David Rae: Plea Agreement

December 19, 2019 - Change of Plea Minutes and Plea Agreement for money laundering regarding a health care fraud scheme in USA v. David Rae, a citizen of the United Kingdom, at the U. S. District Court for the District of New Jersey.

Jiazhou Chen v. Yunji Inc. et al: Class Action Complaint

November 12, 2019 - Complaint in Jiazhou Chen v. Yunji Inc., described as a Cayman Islands firm based in China; Shanglue Xiao, of China; Chen Chen, of China; Huan Hao, of China; Qingrong Kong, of China; Yanhua Sun, of China; Wei Ying, of China; Morgan Stanley & Co., of New York, NY; Credit Suisse Securities (USA) LLC, of New york, NY; JPMorgan Securities LLC, of New York, NY; China International Capital Corporation Hong Kong Securities Limited, of Hong Kong, and Top Capital Partners Limited, of New Zealand, at the U. S. District Court for the Eastern District of New York.

BVI operator of Bitfinex crypto exchange seeks discovery in 'hunt for missing $880M of client funds'

October 20, 2019 - The BVI operator of Bitfinex cryptocurrency exchange, which was sued 12 days earlier for allegedly perpetrating a multi-billion dollar fraud, has applied to take discovery in California for a purported attempt to recover $880 million of client funds that its Swiss payments processor has allegedly failed to remit.

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.