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Crosscan Financial Corp. v. Dmitry Purim et al : Order to Serve Outside Jurisdiction

April 15, 2015 - Order to serve outside the jurisdiction in Stuart Mackellar, as liquidator of Crosscan Financial Corp. (in liquidation) v. Dmitry Purim, Edward Petre-Mears, Pavel Maslo, and Elena Ryabova at the British Virgin Islands High Court.

Sen. Carl Levin Letter: Closing 10 Offshore Tax Loopholes

October 05, 2012 - Letter about closing offshore ten tax loopholes from Senator Carl Levin to Senator Harry Reid, Senator Mitch McConnell, Senator Dick Durbin, Senator Jon Kyl, Senator Kent Conrad, Senator Saxby Chambliss, Senator Mark Warner, Senator Mike Crapo, Senator Tom Coburn, Senator Michael Bennet, Senator Mike Johanns, Senator John McCain, Senator Jeanne Shaheen, Senator Lindsey Graham, Senator Sheldon Whitehouse, Senator Kelly Ayotte, Honorable Timothy Geithner, Secretary of the Treasury; Gene Sperling, Director, National Economic Council, dated October 5, 2012.

Russia seeks evidence in Delaware regarding Kester Trade LLC

November 04, 2005 - Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax fraud – pursuant to a request for judicial assistance from Russia – that was filed at federal court in the USA on October 11, 2005. Individuals and businesses mentioned in the request for assistance include Kester Trade LLC, Belinda Lanyon, Koksokhimmontazh-Kemerovo ZAO, Vladimir Mezer, Alexander Shaposhnikov, and UAB Lietuvos Avialinijos Cargo.

PayPal records targeted by IRS in offshore tax evasion investigation

October 26, 2005 - The IRS has asked a U. S. federal court for permission to serve a “John Doe” summons on Internet money transfer firm PayPal Inc. as part of a clampdown on tax evasion using offshore credit and debit cards.“The records requested in the summons will identify the holders of bank accounts at, or payment cards issued by banks in, the listed jurisdictions, information which is not otherwise readily available to the Internal Revenue Service,” stated the IRS in its petition.

Lithuania: JSC Sidabrine Menke

December 30, 2004 - Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Lithuania into fraud involving Jonas Disleris and JSC Sidabrine Menke.

Another credit card processor subpoenaed by the IRS as part of investigation into offshore tax evasion

September 09, 2004 - Total Systems Services Inc. has become the latest third party credit card processor to be ordered to turn over client records to the IRS as part of its offshore tax evasion investigation. An order allowing the IRS to serve a

US court approves application to serve summonses on VISA International for tax evasion investigation

March 31, 2002 - A California court has approved a request by the Internal Revenue Service for leave to file "John Doe" summonses on VISA International as part of an investigation into tax evasion using offshore credit cards. The order, issued on March 28, 2002, allows the IRS to examine the records of VISA credit or debit cards issued "by, through, or on behalf of banks or other financial institutions" in 31 offshore jurisdictions.

Philip Mark Croshaw: Disqualification

September 22, 1999 - Philip Mark Croshaw - Disqualified Directors - Isle of Man Financial Supervision Commission

Are OFCs Fairly or Overly Protective of Non-Executive/Independent Directors in their Legislation and Case Law?

September 11, 2011 - An independent offshore fund director and a professional liquidator, each 'represented' by an attorney, argue the pros and cons of whether Offshore Financial Centers protect independent directors too much at the expense of creditors.

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.