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Four more British attorneys struck off over Axiom Legal Financing Fund scam

September 19, 2018 - Four more solicitors have been struck off in the United Kingdom due to involvement with the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert.

ProSight Syndicate 1110 at Lloyd's et al v. Steven Marks et al: Complaint

September 18, 2018 - Complaint in ProSight Syndicate 1110 at Lloyd's and Ironshore Specialty Insurance Company v. Steven Marks, Podhurst Orseck, PA, Jeffrey Soffer, Daniel Riordan, Paula Riordan, Alex Krys, North American Elite Insurance Company, as underwriter for Swiss Re; Southwest Transport Services Ltd., Beecham Limited, Pioneer Caribbean Logistics Limited, Jason Sweeney, David Pearce, Frank Valdez, Pleasant Hill Entertainment Limited, and Daria Pastoukhova Gogoleva, individually and as the natural parent and legal guardian of the minor children A.P.V., N.M.P.V., and L.P.V., and as the Personal Representative of the Estate of Lance Valdez, at the U. S. District Court for the Southern District of Florida.

Mark Harvey Lorrell: Solicitor Strike-Off

September 12, 2018 - Judgment in Solicitors Regulation Authority v. Mark Harvey Lorrell at the Solicitors Disciplinary Tribunal.

First-ever FATCA conviction in US: Offshore banker Adrian Baron pleads guilty

September 12, 2018 - Offshore banker Adrian Baron faces up to five years in prison after becoming the first-ever person to be convicted in the United States under the Foreign Account Tax Compliance Act.

Solicitors Regulation Authority v. Richard Emmett et al: Judgment

September 07, 2018 - Judgment in Solicitors Regulation Authority v. Richard Emmett, Lindsay Emmett, Matthew Stokes, Mary Hunter, David Rae, and Dale Stephenson at the Solicitors Disciplinary Tribunal.

Czech Republic v. A11Y Ltd.: Petition to Confirm Arbitration Award

August 24, 2018 - Petition to Confirm Foreign Arbitral Award in Czech Republic v. A11Y Ltd. at the U. S. District Court for the Southern District of New York.

Privilege Wealth Management Ltd.: Chapter 15 Petition

August 24, 2018 - Chapter 15 Petition for Recognition of a Foreign Proceeding by Privilege Wealth Management Limited at the U. S. Bankruptcy Court for the Southern District of Florida.

Privilege Wealth Plc: Administrators' Progress Report

August 20, 2018 - Notice of Administrator's Progress Report regarding Privilege Wealth Plc.

Catalina Holdings (Bermuda) Ltd. v. Legion Indemnity Company: Petition to Confirm Arbitration Award

August 17, 2018 - Petition to Confirm Arbitration Award in Catalina Holdings (Bermuda) Limited v. Jennifer Hammer, Director of Insurance of the State of Illinois, as Liquidator of Legion Indemnity Company, at the U. S. District Court for the Northern District of Illinois.

Torus (Bermuda) Services Ltd. et al v. MTD Products, Inc.: Petition to Quash Subpoena

August 15, 2018 - Petition to Quash Subpoena and Issuance of a Protective Order in Lane Schaffer, Torus Specialty Insurance Company, and Torus (Bermuda) Services Ltd. v. MTD Products, Inc. at New York Supreme Court.

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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.