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USA v. Anthony Stimler: Criminal Information

July 26, 2021 - Criminal Information alleging conspiracy to violate the Foreign Corrupt Practices Act and money laundering regarding an alleged bribery scheme involving individuals and entities in or from the British Virgin Islands, Cyprus, Israel, Mexico, Nigeria, Spain, Switzerland, United Kingdom, and USA in USA v. Anthony Stimler, a citizen of the United Kingdom who worked as a trader, at the U. S. District Court for the Southern District of New York.

Depaho Ltd.: License Suspension

July 09, 2021 - Public Notice by the Cyprus Securities and Exchange Commission announcing that it has suspended the license of Depaho Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Depaho Ltd. was incorporated in Cyprus on August 11th, 2011 and its directors are Hananel Levi, Charalampos Hatziokonomou, Aida Rizk, Petros Nakouzi, Neda Herodotou, and Marios Economou. On the company's website at www.depaho.eu, it is stated that Depaho Ltd. "operates under the brand names GTCM, FXGM and TradeApp" and, apart from Cyprus, "is also authorized by the South Africa Financial Sector Conduct Authority".

'Remove content about my client or be sued,' writes Sergi Pujol's 'reputation manager'

April 26, 2021 - Letter to the Editor from Josep Coll Rodríguez, described as a reputation management lawyer in Barcelona representing Sergi Pujol, seeking the removal from OffshoreAlert's website and de-indexing from search engines of an application to collect evidence filed by the USA at federal court in Washington, D.C. regarding a Spanish criminal investigation into Pujol for suspected fraud and misappropriation, claiming that publication of the document violates European privacy laws.

Stoneway Capital Ltd. et al: Chapter 11 Petition

April 07, 2021 - Chapter 11 Petition by Stoneway Capital Ltd., of the British Virgin Islands; Stoneway Capital Corporation, of Canada; Stoneway Energy International LP, of Canada; Stoneway Energy LP, of New York; Stoneway Group LP, of New York, and Stoneway Power Generation Inc., of New York, all part of a group whose "principal business" is "the construction, ownership and operation of four power-generating plants in Argentina that provide electricity to the wholesale electricity market in Argentina", at the U. S. Bankruptcy Court for the Southern District of New York. The biggest creditors include companies based in Argentina, British Virgin Islands, Canada, England, Spain, and the United States.

Moody's Investors Service Ltd. et al: Penalties

March 23, 2021 - Public Notice by the European Securities and Markets Authority that it has imposed penalties on Moody's Investors Service Ltd., Moody's France S.A.S., Moody's Deutschland GmbH, Moody's Italia S.r.l., and Moody's Investors Service España S.A.

Polygon Global Partners LLP v. Providence Equity Partners LLC: Discovery Application

March 23, 2021 - Application by Polygon Global Partners LLP to take discovery from Providence Equity Partners LLC "for use in two proceedings before the Audiencia Nacional ("Spanish National High Court") in Madrid, where Polygon is contesting decisions taken by the CNMV, Spain's principal securities regulator, in a challenged takeover bid", filed at the U. S. District Court for the District of Rhode Island.

Polygon Global Partners LLP v. Kohlberg Kravis Roberts et al: Discovery Application

March 23, 2021 - Application by Polygon Global Partners LLP to take discovery from Kohlberg Kravis Roberts & Co. LP law firm, Jason Carss, described as KKR's "Managing Director of Legal", and Terence Gallagher, described as KKR's "Managing Director on the Finance team", for use in legal proceedings in Spain "brought to challenge administrative decisions of the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores, hereafter "CNMV"), by which the CNMV authorized Lorca Telecom BidCo, S.A.U. to take over and delist Spanish telecommunications company, MasMovil Ibercom, S.A.", filed at the U. S. District Court for the Southern District of New York.

Phoenix Payments Ltd.: Inspector Appointment

March 12, 2021 - Public Notice by the Malta Financial Services Authority that it has appointed an Inspector "investigate and report on the affairs of" Phoenix Payments Limited. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Phoenix Payments Ltd. was incorporated in Malta on November 21st, 2016, its directors are Francesc Xavier Alabart Lopez, a citizen of Spain; Keith Farrugia, a citizen of Malta, and Marco Lavanna, a citizen of Italy residing in Switzerland, its previous directors include Alexander Vella, who resigned effective May 8th, 2020, Ivan Fsandi, John Pollacco, who both resigned effective December 1st, 2019, and Dmitrij Kozelkin, who resigned effective September 2nd, 2019, and its shareholders are Fenice Holding SA, of Switzerland, and Marco Lavanna.

Phoenix Payments Ltd.: €32K Fine

March 12, 2021 - Public Notice by the Malta Financial Services Authority that it has imposed a fine of €32,400 on Phoenix Payments Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Phoenix Payments Ltd. was incorporated in Malta on November 21st, 2016, its directors are Francesc Xavier Alabart Lopez, a citizen of Spain; Keith Farrugia, a citizen of Malta, and Marco Lavanna, a citizen of Italy residing in Switzerland, previous directors include Alexander Vella, who resigned effective May 8th, 2020, Ivan Fsandi, John Pollacco, who both resigned effective December 1st, 2019, and Dmitrij Kozelkin, who resigned effective September 2nd, 2019, and its shareholders are Fenice Holding SA, of Switzerland, and Marco Lavanna.

VoIP Guardian Partners I LLC v. VoIP Guardian LLC et al: Complaint

March 10, 2021 - Complaint for damages of at least $172 million alleging fraudulent transfers, breach of fiduciary duty, and unjust enrichment in VoIP Guardian Partners I LLC, described as "a telecom factoring company" v. VoIP Guardian LLC, of Delaware; Rodney Omanoff, of California; Omanoff America LLC, of Delaware; Omanoff America Telecom LLC, of Delaware; Contacts & Contracts Inc., of Delaware; Mudmonth LLC, of Nevada; Philipson International LLC, of Delaware; Richard Omanoff, Owl America Inc., of Delaware; Mark Proto, of California; Joseph Rahman, of New Jersey; Youssef Rahman, Zoom Telecom Inc., of Nevada; John O. Philipson, of California; DealDefenders LLC, of Delaware; Ikarim Business Services Ltd., of the United Kingdom; I Karim Business Services LLC, of Delaware; IKB Services Ltd., of the United Kingdom; IKBS LLC, of Delaware; Mohammed Shakeel Mughal, of England; Najd Technologies Limited, of Dubai; Indigo11 Services Limited, of the United Kingdom; Indigo 11 Services LLC, of Delaware; Nazmul Hoque, of England; Telacme Limited, of Hong Kong; Balaji Mahadevan, of India; Colin Bernard Eccles, of Ireland; LtdTel SL, of Spain; Inter-Switch Ltd., of Hong Kong; Vineet Singh Notwal, of Hong Kong; Shirley Sabia Therese van Kerkhove, of Hong Kong; Arco Telecom Limited, of Gibraltar; Tee Telecommunications Inc., of New Jersey; 2365 Azure LLC, of Florida, and Tarek Katis, of New Jersey, at the U. S. District Court for the Central District of California.

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.