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Roman Spiridonov v. JPMorgan Chase Bank et al: Discovery Application

June 15, 2021 - Application by Roman Vladimirovich Spiridonov to take discovery from JPMorgan Chase Bank and Citibank N.A. for use in "a pending Russian Bankruptcy Proceeding concerning Igor Vladislavovich Soglaev", filed at the U. S. District Court for the Southern District of New York.

USA v. Roman Sterlingov: Criminal Indictment

June 14, 2021 - Criminal Indictment alleging money laundering and operating an unlicensed money transmitting business known as "Bitcoin Fog" in USA v. Roman Sterlingov, a citizen of Russia residing in Sweden, at that U. S. District Court for the District of Columbia.

USA v. Denis Sotnikov: Criminal Information

June 01, 2021 - Criminal Information alleging investment fraud and money laundering in USA v. Denis Sotnikov, described as a citizen of Russia residing in Florida, USA, at the U. S. District Court for the District of New Jersey.

USA v. Denis Sotnikov: Plea Agreement

June 01, 2021 - Plea Agreement regarding allegations of investment fraud and money laundering in USA v. Denis Sotnikov, a citizen of Russia residing in the United States, at the U. S. District Court for the District of New Jersey.

Kumtor Gold Company CJSC et al: Chapter 11 Petition

May 31, 2021 - Chapter 11 Petition by Kumtor Gold Company CJSC and Kumtor Operating Company CSJC, both of the Kyrgyz Republic and owned by Centerra Gold Inc., of Toronto, Canada, at the U. S. Bankruptcy Court for the Southern District of New York. Creditors include companies in Belarus, Belgium, Canada, China, England, Finland, Gibraltar, Kazakhstan, Kyrgyz Republic, Netherlands, Russia, Scotland, and Switzerland.

Wilhelmus Johannes van Opzeeland et al v. Cannafornia Holdings Inc. et al: Complaint

May 28, 2021 - Complaint alleging a cannabis-based investment fraud in Wilhelmus Johannes van Opzeeland, a citizen of the Netherlands residing in Singapore; Qi Guan, a citizen of China residing in England, and Mindaugas Montvilas, a citizen and resident of Lithuania v. Cannafornia Holdings Inc. and Paul King at the U. S. District Court for the Northern District of California.

Definition Services Inc. v. GVA Capital Ltd.: Notice of Removal

May 25, 2021 - Defendant's Notice of Removal, including a copy of the complaint alleging a "brazen attempt by an investment manager, GVA Capital, to steal the substantial gains of its investor" amounting to "hundreds of millions of dollars" in Definition Services Inc., of the British Virgin Islands v. GVA Capital Ltd., described as a Cayman Islands company based in San Francisco, California, USA, at the U. S. District Court for the District of Delaware.

Prior Capital Cy Ltd.: €100K Settlement

May 17, 2021 - Public Notice by the Cyprus Securities and Exchange Commission that "executive Board Members" Konstantin Yasnov, Vladimir Zalogin, and Ekaterina Zalogina have paid €100,000 to settle a regulatory investigation into Prior Capital Cy Ltd.

Makhpal Karibzhanova v. Aidan Karibzhanov: Discovery Application

May 12, 2021 - Application by Makhpal Karibzhanova, who "is a citizen of Kazakhstan and is the former wife of a wealthy and politically-connected Kazakh businessman, Aidan Karibzhanov", for an order of judicial assistance "to obtain testimony and documentary evidence to assist in discovery for use in prospective Kazakhstan civil proceedings" involving her former husband, filed at the U. S. District Court for the Southern District of New York.

Businessman Patokh Chodiev to sue over 'damaging' World-Check compliance database profile

May 05, 2021 - Uzbek-Russian-Belgian businessman Patokh Chodiev intends to sue British financial data and information provider Refinitiv Limited, formerly known as Reuters Limited, over "a poorly supported and damaging report" about him in its risk and compliance database known as World-Check.

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.