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Cayman crypto firm ICOBox sued by US regulator for 'unregistered' activity

September 18, 2019 - 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".

Daniloff Capital Management LLC et al: Sanctions

September 13, 2019 - Order Instituting Administrative Proceedings and Imposing Remedial Sanctions regarding Synergy Hybrid Fund Ltd. and Synergy Hybrid Feeder Fund Ltd., both domiciled in the Cayman Islands, against ED Capital Management LLC, d.b.a. Daniloff Capital Management LLC, domiciled in Delaware, based in New York, and Elliott Daniloff, a.k.a. Ilya Olegovich Danilov, a citizen of Russia and the USA, before the U. S. Securities and Exchange Commission.

Alfa Bank JSC v. Emmerson International Corp.: Receivership Application

August 30, 2019 - Fixed Date Claim Form for the appointment of a Receiver and an injunction order for assets up to €120 million in Alfa Bank JSC, of Russia v. Emmerson International Corp. at the British Virgin Islands High Court.

Fund for Protection of Investor Rights in Foreign States v. AlixPartners LLP et al: Discovery Application

August 29, 2019 - Application by the Fund for Protection of Investor Rights in Foreign States, of Russia, as "assignee of claims brought by Mr. Vladimir Antonov", to take discovery from AlixPartners LLP and its CEO, Simon Freakley, "in connection with Mr. Freakley’s appointment as temporary receiver and investigation of Bankas Snoras AG", of Lithuania, for use in "a pending arbitration pursuant to the Lithuania-Russia Bilateral Investment Treaty of 2004", filed at the U. S. District Court for the Southern District of New York.

ICO Rating: Sanctions Order

August 20, 2019 - Order Instituting Cease-and-Desist Proceedings, Making Findings and Imposing Cease-and-Desist Order regarding Initial Coin Offerings in U.S. Securities and Exchange Commission v. ICO Rating, of Russia.

LIC Telecommunications Sarl et al v. Michael Tennenbaum et al: Discovery Application

July 30, 2019 - Application by LIC Telecommunications Sarl, of Luxembourg, and Empreno Ventures Limited, of the British Virgin Islands, which are both owned by Dmitry Kosarev, of Russia, to take take discovery from Michael Tennenbaum, Tennenbaum Capital Partners LLC, and Tennenbaum Opportunities Partners V LP for use in legal proceedings in the United Kingdom against VTB Capital Plc, of the United Kingdom; Spas Rusev, of Bulgaria; Delta Capital International AD, of Luxembourg; Maze Sarl, of Luxembourg; Milen Veltchev, a former Minister of Finance of Bulgaria; Viva Telecom (Luxembourg) SA, of Luxembourg; V Telecom Investment SCA, of Luxembourg, and V2 Investment Sarl, of Luxembourg, "for allegedly orchestrating a sham "auction" as a means to obtain ownership and control of the "Vivacom Group"", filed at the U. S. District Court for the Central District of California.

USA v. Alexander Vinnik et al: Complaint

July 25, 2019 - Complaint alleging violation of the Bank Secrecy Act regarding an alleged cryptocurrency-based money laundering scheme in USA v. BTC-e, a.k.a. Canton Business Corp., domiciled in "either Cyprus and/or the Seychelles Islands" and operating "in Bulgaria, the Seychelles Islands and other jurisdictions", and Alexander Vinnik, "a Russian national who is currently incarcerated in Greece", at the U. S. District Court for the Northern District of California.

Nikolay Anatolyevich Falin v. Belfast Services SA et al: Stop Notice

July 24, 2019 - Stop Notice in Nikolay Anatolyevich Falin, of Russia v. Belfast Services SA and Vistra (BVI) Limited at the British Virgin Islands High Court.

Gandalf Holding SA v. BVI Registrar of Corporate Affairs: Restoration Order

July 23, 2019 - Order regarding Baltiline Properties SA in Gandalf Holding SA v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Viacheslav Sheianov v. Command Union Ltd.: Liquidation Application

July 23, 2019 - Originating Application regarding an arbitration award for $15.3 million in Viacheslav Sheianov v. Command Union Limited at the British Virgin Islands High Court.

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.