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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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Binance: Criminal Complaint

July 02, 2021 - News Release by Thailand's Securities and Exchange Commission that it has filed a criminal complaint against Binance, described as "a digital asset exchange platform provider", for allegedly operating without a license.

Thomas Doctoroff v. Crown Global Life Insurance Ltd. et al: Ruling

June 07, 2021 - Ruling denying summary judgment against Crown Global Life Insurance and granting summary judgment for $1.7 million against the other defendants regarding investments in the Mauritius-based Belvedere Management Group in Thomas Doctoroff, of New York, USA v. Crown Global Life Insurance Ltd., of Bermuda; Paul Gambles, of Thailand; MBMG Investment Advisory Company Ltd., of Thailand; MBMG Group Singapore Pte, of Singapore; MBMG International Custodians Ltd., of the British Virgin Islands; MBMG Asset Management Limited, of Mauritius, and Garmor Asset Management Ltd., of Mauritius, at Bermuda Supreme Court.

Donald Dobkin v. RS Finance Ltd. et al: Complaint

May 05, 2021 - Complaint alleging fraud involving "foreign exchange trading" in Donald Dobkin v. RS Finance Limited, of Hong Kong; World Yesheng International Trade Limited, of Hong Kong; Bestviewyeer Limited, of Hong Kong; Daixiu Jing, Tier Resources, of Nevada; Prime Trust LLC, of Nevada, and Global Guarantees Inc., of Nevada, at the Superior Court of the State of California, County of Los Angeles. Editor's Note: Research by OffshoreAlert in the Hong Kong Companies Registry showed that RS Finance Limited was incorporated on August 26th, 2020, its sole director and shareholder is Hua Chen, and its corporate secretary is QBB HK Limited; World Yesheng International Trade Limited was incorporated on September 29th, 2020, its sole director and shareholder is "Zheng Zhang", and its corporate secretary is Hangtung International Limited; and Bestviewyeer Limited was incorporated on October 27th, 2020, its sole director and shareholder is "Yin Yongwei", and its corporate secretary is World Enterprise Management Limited, while records maintained by the Nevada Secretary of State showed that Prime Trust LLC was incorporated on April 13th, 2016 and its managers are Robert F. List, Jeffrey Ren, Scott D. Purcell, J. Max Jiles, Jon P. Jiles, all with the same address in Las Vegas, Nevada; Jor L. Law, of Sherman Oaks, California, and Brent C. Beeman, of Perryton, Texas; Tier Resources was incorporated on October 27th, 2020 and its officers are Ziang Xue, President and Secretary, of Flushing, New York, and John Xue, Treasurer, of San Ysidro, California; and Global Guarantees Inc. was incorporated on March 16th, 2004 and its officers and directors are Boyd R. Stephens, President and Secretary; Walter L. Stephens, Treasurer; Cedric C. Burns, Craig M. Stephens, Mark W. Barlow, Diane Tinker, Nicholas Toliver, and Raymond Ma, directors, all with the same address in Beverly Hills, California

Hansi Ombregt v. Cynthia Arciaga: Fixed Date Claim Form

April 07, 2021 - Fixed Date Claim Form in Hansi Ombregt, of Belgium v. Cynthia Arciaga, of Thailand, as Administrator of the Estate of the late Jean Pierre Ombregt, deceased, who "built a successful business providing services of industrial wastewater treatment, water reuse and green energy solutions", at the British Virgin Islands High Court.

Hansi Ombregt v. Enviroasia Ltd.: Stop Notice

April 07, 2021 - Stop Notice by Hansi Ombregt, of Belgium, regarding shares in Enviroasia Limited owned by the late Jean Pierre Ombregt at the British Virgin Islands High Court.

Ecoprivate Business Ltd. et al v. KSL Capital Partners: Discovery Application

March 18, 2021 - Application by Ecoprivate Business Ltd., of the British Virgin Islands, and Jean Sebastian Ferrer Funke, a citizen and resident of Switzerland, to take discovery from KSL Capital Partners for use in "(1) a contemplated criminal proceeding in Switzerland, which Applicants anticipate will be brought against Mr. Sonashah Shivdasani; and (2) an arbitration proceeding commenced by Ecoprivate against Bluebay Resorts (BVI) Limited" alleging fraud and "criminal mismanagement" involving "a complex web of associated individuals and corporate entities in offshore jurisdictions such as Thailand and the British Virgin Islands", filed at the U. S. District Court for the District of Colorado.

SEC v. Niko Kabylafkas: Complaint

March 11, 2021 - Complaint alleging fraud involving, inter alia, "30 Thai shareholders" who "were simply nominees" in U. S. Securities and Exchange Commission v. Nicholas 'Niko' Kabylafkas, of Denver, Colorado, at the U. S. District Court for the Southern District of New York.

Cynthia Arciaga Arciaga Ombregt v. Enviroasia Ltd.: Restoration Application

February 08, 2021 - Fixed Date Claim Form in Cynthia Arciaga Arciaga Ombregt, of Thailand, as Administrator of the Estate of Jean Pierre Willy Rachel Ombregt v. Enviroasia Limited at the British Virgin Islands High Court.

Thai SEC files criminal complaint against deVere Group firms & former officer Ian McIntyre

January 31, 2021 - Thailand's Securities and Exchange Commission has filed a criminal complaint against two companies that are part of the deVere Group and one of its former officers, British national Ian McIntyre, for allegedly operating without a securities license.

deVere & Partners (Thailand) Ltd. et al: Criminal Complaint

January 28, 2021 - Public Announcement by Thailand's Securities and Exchange Commission that it has filed a criminal complaint against deVere & Partners (Thailand) Ltd., Broadgate Mutual Fund Brokerage Securities (Thailand) Co. Ltd., d.b.a. Broadgate Securities, and Fredrick Ian McIntyre, a citizen of the United Kingdom, for allegedly operating a securities business without a license.

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.