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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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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.

British 'crypto-friendly' travel booking firm Travala facing strike-off

January 26, 2021 - UPDATED: Shortly after OffshoreAlert reported that British 'blockchain-based, cryptocurrency-friendly' online travel booking start-up Travala, which has raised over £2 million from investors and is now owned by a Cayman Islands firm, was facing compulsory strike off for failure to file its accounts, the firm filed unaudited "Micro-entity Accounts" with Companies House that contained scant details.

Barry Dickinson et al v. Quilter International Isle of Man Ltd.: Defendant's Strike Out Application

October 30, 2020 - Defendant's Application to Strike Out Claims in Barry Dickinson, of Thailand, et al v. Quilter International Isle of Man Limited, f.k.a. Old Mutual International Isle of Man Limited, f.k.a. Nel Britannia International Assurance Limited, f.k.a. Royal Skandia Life Assurance Limited, of the Isle of Man, at the Isle of Man High Court.

Peter Kells et al v. Friends Provident International Ltd.: Defense

October 20, 2020 - Defense in Peter Kells, of Thailand, and other investors v. Friends Provident International Ltd., of the Isle of Man, at the Isle of Man High Court.

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.

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.