December 03, 2020 - Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €373.670 on Insignia Cards Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Insignia Cards Limited was incorporated on November 17th, 2011, its sole director is George Kesidy, a citizen of the United Kingdom, with an address in London, England; previous directors include Joseph Zammit Tabona and Charles Rapa, citizens of Malta who both resigned effective July 31st, 2020, and its shareholders are George Kesidy and Insignia Malta Holding Limited, which was incorporated in Malta on November 17th, 2011, whose directors are George Kesidy and Nada Tucakov, a citizen of Serbia with an address in London, England, and whose shareholders are George Kesidy and Insignia International Limited, which, according to the Cyprus Registrar of Companies, was incorporated in Cyprus on November 11th, 2011 and whose sole director is Irodotos Kasapis. The Malta Business Registry shows that PricewaterhouseCoopers resigned as auditor of Insignia Cards Limited effective October 28th, 2020.
April 03, 2020 - Plea Agreement and Factual Proffer for tax evasion and failure to report foreign bank accounts in Croatia, Germany, Serbia, and Switzerland in USA v. Dusko Bruer, described as "a Croatian national and naturalized citizen of the United States", at the U. S. District Court for the Southern District of Florida.
June 27, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Serbia by the Serbian Bankruptcy Supervision Agency, as the Foreign Representative of Zelezara Smedervo d.o.o., at the U. S. Bankruptcy Court for the Southern District of New York.
July 31, 2018 - Petition to Confirm and Enforce Foreign Arbitral Award in HPK Management d.o.o., of Serbia, and HPK Engineering B.V., of the Netherlands, v. The Republic of Serbia and Zelezara Smederevo d.o.o. at the U. S. District Court for the District of Columbia.
November 02, 2015 - Motion for Default Judgment against Clear Water Securities, Inc. and Legacy Global Markets S.A. in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd., Caledonian Securities Ltd., Verdmont Capital S.A., Clear Water Securities, Inc. and Legacy Global Markets S.A. at the U. S. District Court for the Southern District of New York.
September 25, 2015 - Seven people have been criminally indicted in the United States for an alleged securities fraud involving purported reinsurer Gerova Financial Group - a former Cayman Islands firm that moved to Bermuda - that brought them nearly $20 million in profits.
September 24, 2015 - Complaint alleging fraud regarding Bermuda-based Gerova Financial Group, Ltd. in U. S. Securities and Exchange Commission SEC v. Jason W. Galanis, John P. Galanis, Jared M. Galanis, Derek M. Galanis, Gary T. Hirst, and Gavin L. Hamels at the U. S. District Court for the Southern District of New York.
September 21, 2015 - Criminal Indictment regarding Bermuda-based Gerova Financial Group, Ltd. in USA v. Jason Galanis, John Galanis, Jared Galanis, Gary Hirst, Derek Galanis, Ymer Shahini, and Gavin Hamels at the U. S. District Court for the Southern District of New York.
February 08, 2015 - Cayman Islands-based Caledonian Bank and Caledonian Securities are being sued by the SEC in the United States for allegedly participating in a $75 million penny stock scam with broker-dealers in Panama and Belize.
February 06, 2015 - Complaint in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd., Caledonian Securities Ltd., Verdmont Capital, S.A., Clear Water Securities, Inc. and Legacy Global Markets S.A. at the U. S. District Court for the Southern District of New York.
