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Thailand SEC bans British financial advisors for conduct at deVere Group

October 05, 2020 - British financial advisors Ian McIntyre, Adam Clark, and Scott Kingsley have been banned from Thailand's investment industry for regulatory breaches while working for the deVere Group, which describes itself as "one of the world’s leading independent financial advisory organisations".

SEC v. Roger Nils-Jonas Karlsson: Complaint

September 29, 2020 - Complaint alleging securities fraud involving Eastern Metal Securities in U. S. Securities and Exchange Commission v. Roger Nils-Jonas Karlsson, a.k.a. Euclid Diodorus, a.k.a.Steve Heyden, a.k.a. Joshua Millard, a.k.a. Lars Georgsson, described as a citizen of Sweden residing in Thailand, at the U. S. District Court for the Eastern District of New York.

Nkwe Platinum Ltd. v. Glendina Ltd. et al: Originating Summons

August 21, 2020 - Originating Summons in Nkwe Platinum Limited, of Bermuda v. Glendina Limited, of Australia, as Trustee of the Sunset Superannuation Fund; Genorah Resources Proprietary Limited, of South Africa, and 456 individual defendants from Australia, Germany, Isle of Man, Malaysia, New Zealand, Sweden, Thailand, United Kingdom, and United States at Bermuda Supreme Court.

JTrust Asia Pte. Ltd. v. Mitsuji Konoshita et al: Judgment

August 19, 2020 - Judgment regarding an application to discharge a freezing order and receivership order in a matter that also involves proceedings in Singapore and Thailand in JTrust Asia Pte. Ltd. v. Mitsuji Konoshita and A.P.F. Group Co. Ltd. at the British Virgin Islands High Court.

Valaris Plc et al: Chapter 11 Petition

August 19, 2020 - Chapter 11 Petition by companies in Australia, Bermuda, Brazil, British Virgin Islands, Cayman Islands, England, France, Gibraltar, Hong Kong, Marshall Islands, Mexico, Singapore, Spain, Switzerland, Thailand, and the United States, namely Valaris Plc, described as "a leading provider of offshore contract drilling services to the international oil and gas industry"; Alpha Achiever Company, Alpha Admiral Company, Alpha Archer Company, Alpha Offshore Drilling Services Company, Alpha Orca Company, Atlantic Maritime Services LLC, Atwood Australian Waters Drilling Pty Ltd., Atwood Deep Seas Ltd., Atwood Oceanics Australia Pty. Limited, Atwood Oceanics LLC, Atwood Oceanics Pacific Limited, Atwood Offshore Drilling Limited, Atwood Offshore Worldwide Limited, ENSCO (Thailand) Limited, ENSCO Asia Pacific Pte. Limited, ENSCO Associates Company, ENSCO Australia Pty. Limited, ENSCO Capital Limited, ENSCO Corporate Resources LLC, ENSCO Development Limited, ENSCO do Brasil Petróleo e Gás Ltda., ENSCO Drilling I Ltd., ENSCO Drilling Mexico LLC, ENSCO Endeavors Limited, ENSCO Global GmbH, ENSCO Global Investments LP, ENSCO Global IV Ltd., ENSCO Global Resources Limited, ENSCO Holding Company, ENSCO Holdings I Ltd., ENSCO Holland BV, ENSCO Incorporated, ENSCO Intercontinental GmbH, ENSCO International Incorporated, ENSCO International Ltd., ENSCO Investments LLC, ENSCO Jersey Finance Limited, ENSCO Limited, ENSCO Management Corp., ENSCO Maritime Limited, ENSCO Mexico Services, S. de RL de CV, ENSCO Ocean 2 Company, ENSCO Oceanics Company LLC, ENSCO Oceanics International Company, ENSCO Offshore Company, ENSCO Offshore International Company, ENSCO Offshore International Holdings Limited, ENSCO Offshore International Inc., ENSCO Offshore U.K. Limited, ENSCO Overseas Limited, ENSCO Transcontinental II LP, ENSCO Transnational I Ltd., ENSCO UK Drilling Limited, ENSCO United Incorporated, ENSCO Universal Limited, ENSCO Vistas Limited, ENSCO Worldwide GmbH, Great White Shark Limited, Green Turtle Limited, Offshore Drilling Services LLC, Pride Foramer SAS, Pride Forasol SAS, Pride Global II Ltd., Pride International LLC, Pride International Management Company LP, Ralph Coffman Limited, Ralph Coffman Luxembourg SA RL, RCI International Inc., RD International Services Pte. Ltd., RDC Arabia Drilling Inc., RDC Holdings Luxembourg SA RL, Rocal Cayman Limited, Rowan Companies Limited, Rowan Companies LLC, Rowan Drilling (Trinidad) Limited, Rowan Drilling (U.K.) Limited, Rowan Drilling, S. de RL de CV; Rowan International Rig Holdings Sarl, Rowan Marine Services LLC, Rowan N-Class (Gibraltar) Limited, Rowan No. 1 Limited, Rowan Norway Limited, Rowan Offshore (Gibraltar) Limited, Rowan Offshore Luxembourg Sarl, Rowan Rex Limited, Rowan Rigs Sarl, Rowan Services LLC, Rowan, S. de RL de CV, and Rowandrill LLC, at the U. S. Bankruptcy Court for the Southern District of Texas.

USA v. $2.4M Associated With 'North Korea Money Laundering Scheme': Forfeiture Complaint

July 23, 2020 - Forfeiture Complaint regarding "an investigation by the Federal Bureau of Investigation of a scheme by North Korean banks sanctioned by the U.S. Department of the Treasury to launder U.S. dollars through the United States on behalf of sanctioned entities in the Democratic People's Republic of Korea" in USA v. $2.4 million of funds associated with three companies, filed at the U. S. District Court for the District of Columbia.

Rubicon Vantage International Pte Ltd. v. KrisEnergy (Gulf of Thailand) Ltd.: Winding Up Petition

June 12, 2020 - Winding Up Petition in Rubicon Vantage International Pte Limited, of Singapore v. KrisEnergy (Gulf of Thailand) Limited at the Grand Court of the Cayman Islands.

SEC v. Tomer Feingold et al: Complaint

March 03, 2020 - Complaint alleging "an international insider trading scheme" involving individuals and companies in the British Virgin Islands, Cayman Islands, Cyprus, England, France, Hong Kong, Switzerland, and Thailand in U. S. Securities and Exchange Commission v. Tomer Feingold, and Dov Malnik, both described as citizens of Israel residing in Switzerland, as Defendants, and Adamas Healthcare Fund, of the Cayman Islands; Amiservice Development Limited, Ample Vantage Trading Limited, Bravo Business Limited, Kuray Investments Limited, Mignon Group Limited, and Upbeat Worldwide Investments Limited, all of the British Virgin Islands, as Relief Defendants, at the U. S. District Court for the Southern District of New York.

Mega Fortune International Ltd.: Restoration Application

February 28, 2020 - Originating Application in the matter of Mega Fortune International Limited at the Grand Court of the Cayman Islands.

KrisEnergy (Gulf of Thailand) Ltd. v. Rubicon Vantage International Pte Ltd.: Originating Summons

February 21, 2020 - Originating Summons regarding a statutory demand for $2.8 million in principal and interest in KrisEnergy (Gulf of Thailand) Ltd., a Cayman Islands company based in Bangkok v. Rubicon Vantage International Pte Ltd., of Singapore, at the Grand Court of the Cayman Islands.

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.