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Cecile Bouskila v. USA: Complaint

November 18, 2019 - Complaint regarding tax liabilities in Cecile Bouskila, a participant in the IRS' 'Offshore Voluntary Disclosure Program' v. USA at the U. S. District Court for the Eastern District of New York. Editor's Note: Bouskila was a shareholder in British Virgin Islands-domiciled, Switzerland-based Dorchester Gallery Limited, according to the International Consortium of Investigative Journalists, per its 'Panama Papers' leaked data.

Helena Chartering Inc. v. The Bank of New York Mellon et al: Discovery Application

November 18, 2019 - Application by Helena Chartering Inc., of the Bahamas, to take discovery from The Bank of New York Mellon, Deutsche Bank Trust Company Americas, a.k.a. Deutsche Bank USA; Wells Fargo Bank NA, and Citibank NA for use in contemplated legal proceedings in Greence against Liberia-domiciled Cronus Maritime Inc., filed at the U. S. District Court for the Southern District of New York.

USA v. Bruce Bagley: Criminal Indictment

November 18, 2019 - Criminal Indictment for alleged money laundering regarding "proceeds of a Venezuelan bribery and corruption scheme" involving bank accounts in Switzerland and the United Arab Emirates in USA v. Bruce Bagley, a University of Miami professor and author of a book called 'Drug Trafficking, Organized Crime, and Violence in the Americas Today', at the U. S. District Court for the Southern District of New York.

Harbour Island Development Management LLC et al v. 4M Harbour Island Ltd.: Complaint

November 15, 2019 - Complaint in Harbour Island Development Management LLC, of Delaware; Caribbean Consultants LLC, of Delaware; Bernard Ross, and Holly Ross v. 4M Harbour Island Ltd., of the Bahamas, at the U. S. District Court for the Central District of California.

High River LP et al v. Occidental Petroleum Corp.: Memorandum Opinion

November 14, 2019 - Memorandum Opinion in High River Limited Partnership, of Delaware; Icahn Partners Master Fund LP, of the Cayman Islands, and Icahn Partners LP, of Delaware v. Occidental Petroleum Corporation at the Court of Chancery of the State of Delaware.

WildBrain Family International Ltd. v. The Raine Group LLC: Discovery Application

November 14, 2019 - Application by WildBrain Family International Limited to take discovery from The Raine Group LLC for use in legal proceedings in England and Wales against Moonbug Entertainment Limited, Rene Rechtman, Jason Schretter, John Robson, and Alfred Chubb, filed at the U. S. Bankruptcy Court for the Southern District of New York.

SEC v. Jerry Li: Complaint

November 14, 2019 - Complaint alleging violations of the Foreign Corrupt Practices Act and Securities Exchange Act in U. S. Securities and Exchange Commission v. Jerry Li, a citizen and resident of China, at the U. S. District Court for the Southern District of New York.

Comsale Group Inc. et al: Chapter 15 Petition

November 13, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Rob Stelzer, of Grant Thornton, as the Foreign Representative of Comsale Group Inc., Comsale Computer Inc., and Comsale Inc., at the U. S. Bankruptcy Court for the Southern District of New York.

Orbis Opportunity Fund (Cayman) LP et al v. David Alan Boyer et al: Complaint

November 13, 2019 - Complaint for damages of $4.1 million for alleged fraud in Orbis Opportunity Fund LP, of Delaware, and Orbis Opportunity Fund (Cayman) LP, of the Cayman Islands v. David Alan Boyer, of Miami, Florida; Savanna Leasing LLC, of Florida; Joel Plasco, of Miami, Florida; Paul Michael Pickett, "whose residency is unknown", and Odyssey Engines LLC, of Florida, at the U. S. District Court for the Southern District of Florida.

Apex Fund Services Ltd. et al v. Matthew Clingerman et al: Ruling

November 12, 2019 - Ruling regarding an application for an anti-suit injunction to halt legal proceedings in New York in Apex Fund Services Ltd. and Peter Hughes v. Matthew Clingerman, as Receiver of The Silk Road M3 Fund, a segregated account of Silk Road Funds Limited, and Silk Road Funds Limited at Bermuda Supreme Court.

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.