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SEC sues John McAfee for '$23M ICO fraud' in New York

October 05, 2020 - Famous computer programmer John McAfee was today sued by the SEC in New York for allegedly swindling his Twitter followers by recommending they buy Initial Coin Offerings by entities in Belize, Nigeria, Romania, U.K. and U.S. without disclosing that he received $23 million in hidden compensation.

USA v. Nika Nazarovi et al: Indictment

September 29, 2020 - Criminal Indictment against "citizens of multiple countries, including Georgia, Latvia, Romania, Bulgaria, and Belgium" who were described as being "members of a transnational organized crime network known as 'QQAAZZ'" that "provided money laundering services to significant cybercriminal organizations that stole money from unwitting victims in the United States and abroad" involving accounts at financial institutions in Belgium, Germany, Portugal, Spain, the Netherlands, Turkey, and the United Kingdom in USA v. Nika Nazarovi, a.k.a. Nika Utiashvili, a.k.a. Mihail Atansov, a.k.a. Stefan Trifonov Zhelyazkov; Martins Ignatjevs, a.k.a. Yordan Angelov Stoyanov, a.k.a. Aleksander Tihomirov, a.k.a. Svetlin Iliyanov Asenov; Aleksandre Kobiashvili, a.k.a. Antonios Nastas, a.k.a. Ognyan Krasimirov Trifonov; Dmitrijs Kuzminovs, a.k.a. Parush Gospodinov Genchev; Valentins Sevecs, a.k.a. Marek Jaswilko, a.k.a. Rafal Szczytko; Dmitrijs Slapins, Armens Vecels, Artiom Capacli, Ion Cebanu, Tomass Trescinkas, Ruslans Sarapovs, Silvestrs Tamenieks, Andelhak Hamdaoui, and Petar Iliev at the U. S. District Court for the Western District of Pennsylvania.

Garrett Motion Inc. et al: Chapter 11 Petition

September 20, 2020 - Chapter 11 Petition by Garrett Motion Inc., of Switzerland, which "designs, manufactures and sells highly engineered turbocharger, electric-boosting and connected vehicle technologies for original equipment manufacturers and the aftermarket"; BRH LLC, of Switzerland; Calvari Limited, of Ireland; Friction Materials LLC, of Michigan; Garrett ASASCO Inc., of Michigan; Garrett Borrowing LLC, of Michigan; Garrett Holding Company Sàrl, of Switzerland; Garrett LX I Sàrl, of Luxembourg; Garrett LX II Sàrl, of Luxembourg; Garrett LX III Sàrl, of Luxembourg; Garrett Motion Australia Pty Limited, of Australia; Garrett Motion Automotive Research Mexico S. de R.L. de C.V., of Mexico; Garrett Motion Holdings Inc., of Michigan; Garrett Motion Holdings II Inc., of Michigan; Garrett Motion International Services S.R.L., of Romania; Garrett Motion Ireland A Limited, of Ireland; Garrett Motion Ireland B Limited, of Ireland; Garrett Motion Ireland C Limited, of Ireland; Garrett Motion Ireland Limited, of Ireland; Garrett Motion Italia S.r.l., of Italy; Garrett Motion Japan Inc., of Japan; Garrett Motion LLC, of Michigan; Garrett Motion México, Sociedad Anónima de Capital Variable, of Mexico; Garrett Motion Romania S.R.L., of Romania; Garrett Motion Sàrl, of Switzerland; Garrett Motion Slovakia s.r.o., of Slovakia; Garrett Motion Switzerland Holdings Sàrl, of Switzerland; Garrett Motion UK A Limited, of England; Garrett Motion UK B Limited, of England; Garrett Motion UK C Limited, of England; Garrett Motion UK D Limited, of England; Garrett Motion UK Limited, of England; Garrett Transportation I Inc., of Michigan; Garrett Transportation Systems Ltd., of England; Garrett Transportation Systems UK II Ltd., of England; Garrett TS Ltd., of England, and Garrett Turbo Ltd., of England, at the U. S. Bankruptcy Court for the Southern District of New York.

Romania: Gigi-Vadik Zavera et al

January 13, 2020 - Application for the appointment of a Commissioner to collect evidence from Bank of America, Citibank, and First Federal Savings Bank - pursuant to a request for judicial assistance from Romania - for a criminal investigation into Gigi-Vadik Zavera, Cornel Pana, and Gabriel Soreav for suspected "setting up an organized crime group, computer intrusion, performance of fraudulent financial operations, illegal operations with information devices or software, counterfeiting bonds or payment instruments, circulation of counterfeited securities, and possession of tools used for the counterfeit of securities".

Arif Efendi v. DigitalOcean LLC: Discovery Application

May 01, 2019 - Application by Arif Efendi, of London, England, to take discovery from DigitalOcean LLC for use in legal proceedings in Romania and Cyprus involving Doyen Sports Investment Limited, of Malta, and Tevfik Arif at the U. S. District Court for the Southern District of New York.

Romania: Gabriel Sain

April 10, 2019 - Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Romania - for a criminal investigation into Gabriel Sain for suspected narcotics trafficking.

Romania: Ivan Florin Catalin et al

November 16, 2018 - Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Romania - for a criminal investigation into Ivan Florin Catalin, Rosu Bogdan, and Andrei Rosu for suspected tax evasion and money laundering.

USA v. Andrei-Catalin Stoica et al: Indictment

July 05, 2018 - Criminal Indictment alleging fraud, identity theft, money laundering, and racketeering in USA v. Andrei-Catalin Stoica, Victor-Aurel Grama, Liviu-Sorin Nedelcu, Marius-Dorin Cernat, Alexandru Ion, Stefan-Alexandru Paiusi, Eugen-Alin Badea, Christisor Olteanu, Adrian Mitan, Bogdan-Stefan Popescu, Florin Arvat, Alin-Ionut Dobrica, Vlad-Calin Nistor, all citizens of Romania, and Rossen Iossifov, a citizen of Bulgaria, at the U. S. District Court for the Eastern District of Kentucky.

Romania: S.C. Toyo Motor Leasing IFN SA

May 31, 2018 - Application for the appointment of a Commissioner - pursuant to a request for judicial assistance from Romania - to collect evidence for a criminal investigation into suspected fraud by S.C. Toyo Motor Leasing IFN S.A.

Romania: Nicusor Morosanu

March 21, 2018 - Complaint for the extradition of Nicusor Morosanu from the USA to Romania to face allegations of fraud, filed at the U. S. District Court for the Northern District of Georgia.
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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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UAE 'gold supplier' SION Trading sued for '$5M fraud'
UAE-domiciled purported gold supplier SION Trading FZE, which has been implicated in several fraudulent schemes, including a cryptocurrency scam involving Bermuda-based Arbitrade, is being sued in Utah along with individuals and firms in or from Barbados, Canada, England, Panama, St. Lucia, and the USA for allegedly perpetrating a $5 million 'advance fee' fraud.
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.