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Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

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SEC v. Steve Bajic et al: Complaint

January 02, 2020 - Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Steve M. Bajic, described as a dual citizen of Canada and Croatia; Rajesh Taneja, described as a citizen of Canada residing in Vietnam; Norfolk Heights Ltd., described as "a Seychelles company owned by a dual Mexican and Canadian citizen"; Fountain Drive Ltd., Island Fortune Global Ltd., Crystalmount Ltd., and Wisdom Chain Ltd., each described as "a Seychelles corporation with a registered address in Hong Kong"; SSID Ltd., of Hong Kong; Sure Mighty Ltd., described as "a Seychelles corporation owned by a Japanese citizen"; Tamarind Investments Inc., described as "an Anguillan corporation with registered addresses in Hong Kong and Thailand"; Kenneth Ciapala, described as "a citizen of Switzerland and the United Kingdom"; Anthony Killarney, described as "a citizen of the United Kingdom, a resident of Switzerland"; Blacklight SA, of Switzerland; Christopher Lee McKnight, of Canada, and Aaron Dale Wise, of Florida, at the U. S. District Court for the Southern District of New York.

WSD Holdings Ltd. v. Grand Decade Finance Ltd. et al: Claim Form

November 19, 2019 - Claim Form in WSD Holdings Ltd. v. Grand Decade Finance Limited and Thrive Century Limited at the British Virgin Islands High Court.

Austria: PNC Bank

November 15, 2019 - Application for the appointment of a Commissioner to collect evidence from PNC Bank - pursuant to a request for judicial assistance from Austria - for a criminal investigation into "unknown subjects" for aggravated fraud.

SEC v. Benjamin Taylor et al: Complaint

October 22, 2019 - Complaint regarding allegations that "investment bankers in London, England ... participated in an international insider trading scheme that netted its participants tens of millions of dollars in illicit profits from trading in the securities of U.S. companies" in U. S. Securities and Exchange Commission v. Benjamin Taylor, a resident of France; Darina Windsor, a citizen of Thailand, and Joseph Abdul Noor El-Khouri, described as a citizen of Lebanon residing in Monaco and England, at the U. S. District Court for the Southern District of New York.

Vitaly Anaykin et al v. Nikolay Evdokimov et al: Complaint

September 20, 2019 - Complaint alleging cryptocurrency-related securities fraud in Vitaly Anaykin, a citizen of Russia residing in Montenegro, and Konstantin Bondarev, a citizen of Russia residing in Thailand v. Nikolay Evdokimov, a citizen of Russia residing in Beverly Hills, California, and Cryptonomics Capital, of Switzerland, which appears to be incorporated as Crypto Economics AG, whose principal director in corporate filings is identified as Patrick Storchenegger, of Zug, Switzerland and whose initial capital was claimed to be 14 Bitcoins, at the U. S. District Court for the Central District of California. OffshoreAlert Note: On its website at www.cryptonomics.io, Cryptonomics Capital's "management" is identified as Yurii Golovko, CEO; Nikolay Evdokimov, Strategic Advisor; Alexander Forostin, Head of Sales; and Denis Klevtsov, Executive Director.

NY client sues offshore firms over failed Belvedere Management investments

August 30, 2019 - Thailand-based British financial adviser Paul Gambles and his MBMG Group, including firms in the BVI, Mauritius, Singapore, and Thailand, are being sued for $3.5M in Bermuda by a U.S. client whose cash was invested in funds managed by the Belvedere Management Group, whose fraudulent operations were exposed by OffshoreAlert in 2015.

FamilyMart China Holding Co. Ltd. v. Yin-Heng Wei et al: Writ of Summons

August 28, 2019 - Writ of Summons in FamilyMart China Holding Co. Ltd., of Japan v. Yin-Heng Wei, Shih-Chieh Wei, Ying-Chiao We, Ying-Chun Wei, Nexus (Cayman Islands) Holding Corp., Shanghai Nexus Information Technology Co., Ltd., Good Choice (Cayman Islands) Holding Corp., Good Choice (Hong Kong) Holding Co. Ltd., Shanghai Zhenhuixuan Electronic Commerce Ltd., and China CVS Cayman Islands Holding Corp. at the Grand Court of the Cayman Islands.

C.P. Lotus Corporation: Petition

August 07, 2019 - Petition for the Court's Sanction for two proposed schemes of arrangement in the matter of C.P. Lotus Corporation, domiciled in the Cayman Islands, based in Hong Kong, at the Grand Court of the Cayman Islands.

Christine Grablis et al v. OneCoin Ltd. et al: First Amended Class Action Complaint

August 02, 2019 - First Amended Class Action Complaint regarding an alleged cryptocurrency fraud in which much of the proceeds were allegedly laundered in the Cayman Islands and Ireland in Donald Berdeaux, of Montana, and Christine Grablis, of Tennessee v. OneCoin Ltd., of Bulgaria; Ruja Ignatova, of Bulgaria; Konstantin Igantov, of Bulgaria; Sebastian Greenwood, of Sweden; Mark Scott, of Coral Gables, Florida; Irina Andreeva Dilinska, David Pike, of Coral Gables, Florida, and Nicole J. Huesmann, of Coral Gables, Florida, at the U. S. District Court for the Southern District of New York.

Orasasintavee Co. Ltd. v. K-Swiss International Ltd. et al: Complaint

July 26, 2019 - Complaint in Orasasintavee Co. Ltd., of Thailand v. K-Swiss International Ltd., domiciled in Bermuda, based in Taiwan, and K-Swiss Inc., domiciled in Delaware, based in California, at the Superior Court of the State of California, County of Los Angeles.

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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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
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.