Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.


eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

deVere & Partners Holding Ltd.: Fine

March 30, 2020 - Announcement by the Malta Financial Services Authority that it has imposed an administrative penalty of €23,000 against deVere & Partners Holding Limited for providing "insurance distribution activities" without a license. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the sole director of deVere & Partners Holding Limited is identified as Beverley Yeomans, described in filings as a citizen of Malta, and the shareholders are identified as deVere Group Limited, of Dubai, and Nigel James Green, also described as a citizen of Malta.

Bermuda crypto firm Arbitrade sues SION Trading for alleged fraud

March 30, 2020 - Bermuda-domiciled cryptocurrency firm Arbitrade Ltd. has filed a legal action in New York against Max Barber and his firm, SION Trading FZE, of Ras Al Khaimah, alleging fraud.

3 Point Ventures Ltd. et al v. Chet Mining Co. LLC et al: Complaint

March 24, 2020 - Complaint alleging fraud and breach of contract regarding crypto mining products and services in 3 Point Ventures Ltd., of the Cayman Islands, and Amir Fardghassemi, a resident of California and Dubai v. Chet Mining Co. LLC, of Wyoming; Chet Mining Co. Canada Ltd., described as a British Columbia company based in New York, and Chet Stojanovich, of New York, at the U. S. District Court for the Southern District of New York.

Jetex FZE v All in Jets, LLC: Complaint

March 20, 2020 - Complaint alleging breach of contract in Jetex FZE, of Dubai v All in Jets, LLC , of Florida, at the Circuit Court of the Seventeenth Judicial Circuit, in and for Broward County, Florida.

Liberty Highrise Pvt. Ltd. v. Praxis Energy Agents DMCC et al: Complaint

March 19, 2020 - Complaint in Liberty Highrise Pvt. Ltd., of India v. Praxis Energy Agents DMCC, of Dubai, and Praxis Energy Agents Pte Ltd., of Singapore, at the U. S. District Court for the Southern District of New York.

Ajay Arora: Fine & Industry Ban

March 10, 2020 - Decision Notice by the Dubai Financial Services Authority announcing a fine and financial services industry ban regarding Ajay Arora, described as "Senior Executive Officer of Morgan Gatsby Limited", for breaches of Regulatory Law, including the promotion of the Essel Africa Natural Resource Fund, described as an "unregulated fund" domiciled in Luxembourg.

Crypto Poker Exchange Inc. v. HashCash Consultants, LLC et al: Complaint

March 04, 2020 - Complaint alleging fraud in Crypto Poker Exchange Inc., a Delaware company based in Virginia that is "a start-up business involved in developing a cryptocurrency exchange and blockchain network for gaming" v. HashCash Consultants LLC, of California; Eashwer Kollata, and Raj Chowdhury, a.k.a. Roy Aich, at the Superior Court of the State of California, County of Los Angeles. Editor's Note: On its website at, HashCash Consultants claims to have offices in Australia, Ras Al-Khaimah, Singapore, and the United States.

Stenn Assets UK Ltd. v. Citibank et al: Discovery Application

March 04, 2020 - Application by Stenn Assets UK Limited, of England, to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, New York, HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust Co. Americas, Bank of Nova Scotia, UBS AG, Bank of America, N.A., Standard Chartered Bank US, Commerzbank AG US and The Clearing House Payments Company, LLC for use in "contemplated arbitration proceedings" in Dubai against Arion Metals FZE, of Ras Al-Khaimah, filed at the U. S. District Court for the Southern District of New York.

'Billion Dollar' crypto gold firm sued for unpaid rent of $6,632

March 04, 2020 - Scotia International of Nevada, which claims to own gold worth billions of dollars as part of a cryptocurrency-based investment fraud by Bermuda/Canada-domiciled Arbitrade and Delaware-domiciled Dignity Holdings, is being sued for unpaid rent of $6,632 in Utah. It's the fifth lawsuit against the SION group over the last eight months.

Arbitrade Ltd. v. SION Trading FZE et al: Summons With Notice

March 02, 2020 - Summons With Notice regarding alleged fraud in Arbitrade Ltd., of Bermuda v. Max Barber, of Utah, and SION Trading FZE, of Ras A Khaimah, in the United Arab Emirates, at the Supreme Court of the State of New York, County 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.

View Recent Digests

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.