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MM Cam Ltd.: Chapter 15 Petition

November 08, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Brian Baker and Ryan Davis, as the Foreign Representatives of MM Cam Limited, at the U. S. Bankruptcy Court for the Central District of California.

Sibaham Ltd.: Chapter 15 Petition

November 08, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Paul Ellison and Gareth Roberts, as the Foreign Representatives of Sibaham Limited, formerly known as Mahabis Limited, at the U. S. Bankruptcy Court for the Western District of North Carolina.

Turkey v. Hamit Çiçek: Discovery Application

November 08, 2019 - Application by the Republic of Turkey to take discovery from Hamit Çiçek for use in an international arbitration involving Cascade Investments NV, of Belgium, filed at the U. S. District Court of the District of New Jersey.

Vicki Willard v. UP Fintech Holding Ltd. et al: Class Action Complaint

November 06, 2019 - Complaint alleging securities fraud in Vicki Rongey Willard v. UP Fintech Holding Limited, described as a Cayman Islands-domiciled, China-based "online brokerage"; Tianhua Wu, John Fei Zeng, Yonggang Liu, Lei Fang, David Eric Friedland, and Vincent Chun Hung Cheung at the U. S. District Court for the Southern District of New York.

TT123 LLC v. M/Y Free Spirit: Complaint

November 05, 2019 - Complaint in TT123 LLC, of Florida v. M/Y Free Spirit, which is flagged in the Cayman Islands, at the U. S. District Court for the Southern District of Florida.

Amaltheia Capital Ltd. v. Jean Joseph et al: Complaint

November 05, 2019 - Complaint in Amaltheia Capital Ltd., of England v. Jean Joseph, E-Capital LLC, and Evergreen United Investments LLC, all of Florida, at the U. S. District Court for the Southern District of Florida.

ITN Holdings Ltd. v. Dai Wei: Petition To Confirm Arbitral Award

November 04, 2019 - Petition to Confirm Arbitral Award and for Entry of Judgment in ITN Holdings Ltd., of the British Virgin Islands v. Dai Wei, a citizen of China, at the U. S. District Court for the Central District of California.

$150M lawsuit alleges crypto fraud by parties in Antigua, BVI, Hong Kong & US

November 04, 2019 - A complaint for damages of $150M for alleged cryptocurrency futures trading fraud and the operation of an unlicensed money transmitting business has been filed against individuals and companies in Antigua, British Virgin Islands, Hong Kong, and the United States, including Alameda Research and FTX Trading.

Bitcoin Manipulation Abatement LLC v. FTX Trading Ltd. et al: Complaint

November 02, 2019 - Complaint alleging cryptocurrency market manipulation, RICO, and fraud in Bitcoin Manipulation Abatement LLC, of Puerto Rico v. FTX Trading Ltd., of Antigua and Barbuda; Alameda Research LLC, of Delaware; Alameda Research Ltd., of the British Virgin Islands; Samuel Bankman-Fried, of California; Gary Wang, of California; Andy Croghan, of California; Constance Wang, described as a citizen and resident of Hong Kong; Darren Wong, of California, and Caroline Ellison, of California, at the U. S. District Court for the Northern District of California.

Premier Hedge Ltd.: Petition

November 01, 2019 - Petition in the matter of Premier Hedge Ltd. (Dissolved) 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.