OffshoreAlert
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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Black River Trust Company Ltd.: Liquidation

March 04, 2021 - Public Notice by the Mauritius Financial Services Commission that "the Official Receiver, Mr. Vasoodayven Virasami, has been appointed as the liquidator of Black River Trust Company Ltd.". Editor's Note: Research by OffshoreAlert in the Mauritius Corporate and Business Registration Department showed that Black River Trust Company Ltd. was incorporated in Mauritius on October 10th, 2005 and its directors are Michael Robert Charlton, David Perry Gaskell, and Luc Allan Penny Hack.

Hipaaline Ltd.: Chapter 15 Petition

March 04, 2021 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Nicholas Charles Simmonds and Chris Newell, of Quantuma Advisory Limited, as the Foreign Representatives of Hipaaline Ltd., at the U. S. Bankruptcy Court for the Northern District of Illinois.

Fraudster Simon Hooper receives non-custodial sentence in England

March 03, 2021 - British serial fraudster Simon Hooper, 46, has received a non-custodial sentence in England for a scam involving British firm Rationale Investments Limited.

Providence Financial Investments Inc. et al: Trustee's Renewed Motion for Substantive Consolidation

March 02, 2021 - Trustee's Renewed Ex-Parte Motion for Substantive Consolidation of Debtors Only in re: Providence Financial Investments Inc. and Providence Fixed Income Fund LLC at the U. S. Bankruptcy Court for the Southern District of Florida.

Prestige Trust Company Ltd.: 'Unlicensed'

March 02, 2021 - Public Notice by the Nevis Financial Services Regulatory Commission that Prestige Trust Company Limited "is no longer licensed to conduct registered agent business". Editor's Note: Research by OffshoreAlert showed that, on its website at www.prestigetrustco.com, Prestige Trust Company's representatives are identified as: "Resident Personnel" - Stevyn L. Bartlette, Managing Director; Vernel Powell, Director, and Herman Liburd, Legal Consultant; "International Affiliates" - "Trininty [sic] International Holdings Ltd., Mr. Nigel Nonkovic - UK", which appears to be a reference to British firm Trinity Holdings International Limited, and "Offshore Affiliate of New York, Mrs. Shana Midgette - New York".

'I'm not a fraudster,' writes convicted fraudster Sencer Sevket

March 01, 2021 - Letter to the Editor from Sencer Sevket, a.k.a. Sendjer Shefket, a.k.a. Sencer Orhan - a convicted advance fee fraudster in England - demanding the removal of content from OffshoreAlert's website that he claims "falsely alleges me as a conman, fraudster, trickster" and threatening to sue us if we do not comply with his demand.

Rakesh Khatri v. Gain Bitcoin et al: Complaint

February 26, 2021 - Complaint alleging fraud involving cryptocurrencies in Rakesh Khatri, a citizen of the United States, individually and as assignee of Reshma Khatri, Abishek Raja, Amit Kushwaha, Anchit Singh, Arvind Singh Bajetha, Ashish Lal, Ashitosh Sampat Raje, Ashok Kumar, Bhagyesh Hanumante, Chakresh Jain, Dharmender Shera, Gagan Deep Joshi, Gaurav Chhabra, Girija Raman, Karthik Raman, Lalit Kumar, Lokesh Sharma, Mohamed Haneefa Kottayil, Mohit Malhotra, Mukesh Gupta, Navneet Bhalla, Nikhil Jadhav, Pritpal Singh, Raghavendra R. Athani, Sachin Chavhan, Sanchit Malik, Saurab Wadhera, Shyam Singh, Siddhant Jain, Vikash Bhagat, Yash Jain, Ismail Nadukkandyil, Aarjav Jain, Siddharth Jain, Sanjay Jain, Mayank Jain, Vivek Tiwari, Malthesha P, Shubham Gupta, Sandeep Grewal, Nitin Koshti, Abishek Chauhan, Amar Singh Chandel, Priyavardhini Venkatram, Ajay Singh, Rajbir, Moumita Das, Rajesh Mehra, P.C. Mahajan, Pooja Ahirwar, Albert Ahirwar, Rani Singh, Shyam Lal, Anjan Roy, Arvinder Pal Singh, Vipin Sahney, Arpit Jain, Mukul Gupta, Aman Singhal, Brijesh Soni, Mahesh Vittal Yadav, Aman Paharia, Sandeep Bhalla, Sanjay Ahlawat, Atul Bhalla, Deepak Kumar, Balkrishna Baburao Raje, Girija Silver, Gaurav Gupta, Skalyan, and Deepak Shukla, all citizens of India v. VariableTech Private Limited, d.b.a. Gain Bitcoin, of Singapore; Amaze Mining and Blockchain Research Ltd., of Hong Kong; GBMiners, Mineral Mining Limited Company, described as "a company located in the United Arab Emirates"; Sun & Sand Mining & Minerals Resource (UK) Limited, described as "a company located in England"; Coin Bank-Safe Bitcoin Wallet, ZebPay Exchange, a.k.a. Zebay, a.k.a. Zeb Pay, described as "a cryptocurrency exchange, virtual wallet, and/or wallet provider headquartered in Singapore with a registered office in Australia"; Amit Bhardwaj, Ajay Bhardwaj, and Hemant Bhope at the U. S. District Court for the Northern District of Indiana.

Stream TV Networks Inc.: Chapter 11 Petition

February 25, 2021 - Chapter 11 Petition by Stream TV Networks Inc., which "was founded in 2009 as a "new media" company to pursue new technologies that enhance user entertainment and communications experiences", at the U. S. Bankruptcy Court for the District of Delaware. Creditors include those from Bermuda, Dubai, England, France, Germany, Guernsey, India, Ireland, Jersey, in the Channel Islands; Italy, Kuwait, Liechtenstein, Switzerland, and Taiwan.

Oak Trust et al v. Patrick Parham: Discovery Application

February 25, 2021 - Application by Oak Trust, Acorn Trust, Eagle Trust, Duffy Trust, Robert J. Parfet Living Trust, Geluk Global Fund Limited SAC, of the Bahamas; Migration Investments, LLC, of Colorado; Boustrophedon International Ltd., of Hong Kong; Michael R. Shea, Erin Shea, Angela Ling, Fuhua Ling, Philip Bullock, Lifang Liu, Justin Payne, Michael Dietzen, Kimberly J. Dietzen, Brian Sly, David K. Sly, Gregory Sly, Karen Sly, Nelson Sly, Helen S. Sly, Sly Family Trust, and Tamara A. Sly Separate Property Trust to take discovery from Patrick Parham, of Garland, Texas, for use in an "anticipated proceeding" in England regarding allegations of "a fraudulent Forex trading scheme" involving Equiti Capital UK Limited, Mediatrix Capital Inc., Blue Isle Markets Inc., and Blue Isle Markets Ltd. and several jurisdictions, including the Bahamas, Belize, Cayman Islands, New Zealand, Saint Vincent and the Grenadines, and the United Kingdom, filed at the U. S. District Court for the Northern District of Texas.

The Deposit Guarantee Fund v. Citibank NA et al: Discovery Application

February 23, 2021 - Application by The Deposit Guarantee Fund, of Ukraine, 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 a "contemplated proceeding ... against PJSC National Credit Bank, Eastmond Sales LLP, Bank Frick & Co. AG, and other unknown fraudsters" in England for suspected fraud involving several jurisdictions, including England, Liechtenstein, Marshall Islands, Seychelles, Switzerland, and Ukraine, filed at the U. S. District Court for the Southern 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.