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SEC accuses offshore firms of $125M investment fraud

September 19, 2019 - The U. S. Securities and Exchange Commission has accused companies in the Bahamas, Cayman Islands, Cook Islands, New Zealand, Puerto Rico, Saint Vincent and the Grenadines, and the United States of participating in a $125 million investment fraud involving a group known as Mediatrix Capital.

SEC v. Mediatrix Capital Inc. et al: Freezing Motion

September 12, 2019 - Emergency Motion for an Ex Parte Asset Freeze and Temporary Restraining Order in U. S. Securities and Exchange Commission v. Mediatrix Capital Inc., initially of Belize and then the Bahamas; Blue Isle Markets Inc., domiciled in Saint Vincent and the Grenadines, based in the Bahamas; Blue Isle Markets Ltd., of New Zealand; Michael Stephen Young, of Denver, Colorado; Michael Shawn Stewart, of Scottsdale, Arizona, and Bryant Edwin Sewall, of Dallas, Texas, and the Bahamas, as Defendants, and Mediatrix Capital Fund Ltd., of the Bahamas; Island Technologies LLC, of Puerto Rico; Victoria M. Stewart, Maria C. Young, Hanna Ohonkova Sewall, of Kiev, Ukraine; Michael C. Baker, of Denver, Colorado; Walter C. Young III, of Seattle, Washington; Arual LP, of Utah; West Beach LLC, of Puerto Rico; Salve Regina Trust, of the Cook Islands; TF Alliance LLC, of Colorado; Casa Conejo LLC, of Puerto Rico; Hase Haus LLC, of Colorado; DCC Islands Foundation, of the Bahamas; Keystone Business Trust, of Massachusetts; Weinzel LLC, of Nevada; The 1989 Foundation, of the Bahamas; Mediatrix Capital PR LLC, of Puerto Rico; Mediatrix Capital LLC, of Colorado, and Blue Isle Markets Inc., of the Cayman Islands, as Relief Defendants, at the U. S. District Court for the District of Colorado.

SEC v. Mediatrix Capital Inc. et al: Complaint

September 12, 2019 - Complaint alleging fraud in U. S. Securities and Exchange Commission v. Mediatrix Capital Inc., initially of Belize and then the Bahamas; Blue Isle Markets Inc., domiciled in Saint Vincent and the Grenadines, based in the Bahamas; Blue Isle Markets Ltd., of New Zealand; Michael Stephen Young, of Denver, Colorado; Michael Shawn Stewart, of Scottsdale, Arizona, and Bryant Edwin Sewall, of Dallas, Texas, and the Bahamas, as Defendants, and Mediatrix Capital Fund Ltd., of the Bahamas; Island Technologies LLC, of Puerto Rico; Victoria M. Stewart, Maria C. Young, Hanna Ohonkova Sewall, of Kiev, Ukraine; Michael C. Baker, of Denver, Colorado; Walter C. Young III, of Seattle, Washington; Arual LP, of Utah; West Beach LLC, of Puerto Rico; Salve Regina Trust, of the Cook Islands; TF Alliance LLC, of Colorado; Casa Conejo LLC, of Puerto Rico; Hase Haus LLC, of Colorado; DCC Islands Foundation, of the Bahamas; Keystone Business Trust, of Massachusetts; Weinzel LLC, of Nevada; The 1989 Foundation, of the Bahamas; Mediatrix Capital PR LLC, of Puerto Rico; Mediatrix Capital LLC, of Colorado, and Blue Isle Markets Inc., of the Cayman Islands, as Relief Defendants, at the U. S. District Court for the District of Colorado.

USA v. Edward Gong: Application to Enforce Foreign Restraining Order

July 31, 2019 - Application to Enforce and Register Foreign Restraining Order regarding a $200 million fraud scheme by individuals in Canada, China, and New Zealand in USA v. Xiao Hua Gong, a.k.a. Edward Gong, a citizen of Canada, at the U. S. District Court for the District of Columbia.

Kijani Gibraltar liquidators to sue NatWest Bank for 'dishonest assistance' to $82M fraud

July 01, 2019 - The liquidators of Gibraltar-domiciled Kijani Resources Ltd. and Ratio Ltd. intend to sue NatWest Bank for "dishonest assistance" to an $82 million fraudulent scheme headed by Irishman Richard Fagan that collapsed in 2015 after being exposed by OffshoreAlert.

Amicorp Management Ltd. et al v. InSight Securities Inc. et al: Preliminary Injunction Motion

June 05, 2019 - Plaintiffs' Motion for Preliminary Injunction in Amicorp Management Limited, of the British Virgin Islands, and Amicorp Limited, of Hong Kong v. InSight Securities Inc. and Carlos Legaspy at U. S. District Court for the Northern District of Illinois.

Cryptopia Ltd.: Chapter 15 Petition

May 24, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in New Zealand by David Ruscoe, as the Foreign Representative of Cryptopia Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

GTCS Nominees Ltd. v. Autoterminal International Ltd.: Fixed Date Claim Form

April 18, 2019 - Fixed Date Claim Form in GTCS Nominees Limited, of the Cayman Islands v. Autoterminal International Limited, of the British Virgin Islands, at the British Virgin Islands High Court.

BSR Fund SA et al v. Patrick Cunningham et al: Complaint

April 08, 2019 - Complaint in BSR Fund SA, of the Marshall Islands; United Capital Trust Inc., of Liberia; Volterra Investment Inc., of the Marshall Islands; B Angel Investment Corp., of the Marshall Islands; Galactica FX Trading Corp., of the Marshall Islands; Victor Restis, of Greece, and Bella Resti, of Greece v. Diwakar Jagannath, Ikon Global Holding Company LLC, Ikon Global Markets Inc., Ftechnics Inc., Ikon Europe Ltd., of the United Kingdom; Ikon Finance Ltd., of the United Kingdom; Ikon Atlantic Ltd., of Bermuda; Ioannis Litinas, of Greece; George Daskaleas, of Greece; Maria Kitromilidou, of Cyprus; and Patrick Cunningham alleging fraud regarding Gstar FX Inc., of Belize, and PK Investments Equity Ltd., of the British Virgin Islands, at the Supreme Court of the State of New York, County of New York.

USA v. Mizrahi-Tefahot Bank Ltd. et al: Deferred Prosecution Agreement

March 12, 2019 - Deferred Prosecution Agreement in USA v. Mizrahi-Tefahot Bank Ltd., of Israel; United Mizrahi Bank (Switzerland) Ltd., of Switzerland; and Mizrahi Tefahot Trust Company Ltd., of Israel, at the U. S. District Court for the Central District of California.

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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