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Grossberg Fiduciaries Ltd. v. Zalman Silber: Complaint

October 28, 2019 - Complaint in Grossberg Fiduciaries Limited, of the Seychelles v, Zalman Silber, of New York, NY, at the U. S. District Court for the Southern District of New York.

BM-Bank JSC v. Marker Craig LLC et al: Petition

September 24, 2019 - Petition to Compel the Deposition of Bolour Associates Inc. regarding an alleged $595 million fraud involving Telman Ismailov, a citizen of Russia, and Vesto Trading Limited, of the Seychelles, in BM-Bank JSC, formerly known as BM-Bank PJSC and Bank of Moscow, of Russia v. Marker Craig LLC and Marker LLC at the Superior Court of California, County of Los Angeles.

Grand Bayman Belize Ltd. v. Wells Fargo & Company: Notice of Removal

September 05, 2019 - Notice of Removal regarding an alleged 'spoofing' fraud in Grand Bayman Belize Ltd., domiciled in the Seychelles, based in Belize v. Wells Fargo & Company at the U. S. District Court for the Central District of California.

British fraud firm Etaireia Investments goes into administration

August 29, 2019 - British firm Etaireia Investments Plc has gone into administration - four years after being exposed by OffshoreAlert for perpetrating a property-based investment fraud involving firms and individuals in the BVI, England, Gibraltar, Isle of Man, Scotland, Seychelles, and Spain.

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.

Alpha Giant Ltd.: Liquidation Application

June 24, 2019 - Originating Application to appoint liquidators in the British Virgin Islands and Hong Kong regarding a debt owed to Catchy Fame Limited, of the Seychelles, in the matter of Alpha Giant Limited, of the British Virgin Islands, at the British Virgin Islands High Court.

Mundo Media Ltd. et al: Chapter 15 Petition

June 18, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Ernst & Young, as the Foreign Representative of Mundo Media Ltd., 2538853 Ontario Ltd., M Zone Marketing Inc., and AppThis Holdings, Inc., at the U. S. Bankruptcy Court for the District of Delaware.

Great Western Insurance Company v. Gregory Tolaram: Motion to Dismiss

May 17, 2019 - Gregory Tolaram's Motion to Dismiss in Great Western Insurance Company v. Gregory Tolaram, of Bermuda, at the U. S. District Court for the Southern District of New York.

ALROSA v. Bank of America et al: Discovery Application

April 10, 2019 - Application by ALROSA, a Russian diamond-mining company, to take discovery from Bank of America, Bank of New York Mellon, Capital One NA, Capital One Bank (USA) NA, Citibank NA, Commerzbank NA, Deutsche Bank, Deutsche Bank Trust Company Americas, HSBC Bank USA NA, JPMorgan Chase NA, Wells Fargo NA, PNC Bank NA, Standard Chartered Bank, Barclays Bank PLC, BNP Paribas SA, and UBS AG for use in contemplated legal proceedings in Angola or the United Kingdom against former or current executives of Catoca Ltd., a diamond-mining company in Angola, filed at the U. S. District Court for the Southern District of New York.

BTA Bank JSC et al v. Felix Sater et al: Complaint

March 25, 2019 - Complaint in City of Almaty, Kazakhstan and BTA Bank JSC v. Felix Sater, Daniel Ridloff, Bayrock Group Inc., Global Habitat Solutions, Inc., RRMI-DR LLC, Ferrari Holdings LLC, and MeM Energy Partners LLC at the U. S. District Court for the Southern District of New York.

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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$150M lawsuit alleges crypto fraud by parties in Antigua, BVI, Hong Kong & US
A complaint for damages of $150M for alleged cryptocurrency futures trading fraud and the operation of an unlicensed money transmitting business has been filed against individuals and companies in Antigua, British Virgin Islands, Hong Kong, and the United States, including Alameda Research and FTX Trading.
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.