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Tradiverse Corporation v. Luzar Trading SA: Petition

September 17, 2019 - Petition to Stay and Vacate Emergency Interim Arbitration Award in Tradiverse Corporation, of New York v. Luzar Trading SA, of Venezuela, at the U. S. District Court for the Southern District of New York.

USA v. Pietro Vinci: Forfeiture Complaint

August 23, 2019 - Forfeiture Complaint regarding tax fraud involving Mosquetero SP, of Scotland; Stanford International Bank, of Antigua and Barbuda, and Citi Private Trust, of Switzerland, in USA v. Pietro Vinci, an Italy-born former resident of Venezuela now residing in Maryland, at the U. S. District Court for the District of Maryland.

USA v. Brian Booker: Superseding Indictment

August 22, 2019 - Superseding Indictment regarding an alleged failure to disclose foreign accounts in Panama, Singapore, and Switzerland, in USA v. Brian Nelson Booker, a former CPA, at the U. S. District Court for the Southern District of Florida.

Nautical Corp: Corporate Details

August 21, 2019 - Search Report from the Cayman Islands General Registry regarding Nautical Corp., obtained on August 21, 2019.

€43M superyacht builder seeks liquidation of Cayman firm 'owned by Venezuelan narco-trafficker'

August 21, 2019 - Italian luxury yacht manufacturer Azimut Bennetti SpA has applied to wind up a Cayman Islands firm allegedly owned by Venezuelan suspected narcotics trafficking-related money launderer Samark Lopez Bello regarding an alleged €500,000 debt owed on a €43 million motor yacht.

Daniel Hall et al v. Harry Sargeant III: Defendant's Motion for Summary Judgment

August 19, 2019 - Defendant's Motion for Summary Judgment in Daniel Hall, of England; Burford Capital LLC, of Delaware, and Dundrod Investments Ltd., of Guernsey v. Harry Sargeant III at the U. S. District Court for the Southern District of Florida.

Azimut Bennetti SpA v. Nautical Corp: Winding Up Petition

August 19, 2019 - Winding Up Petition in Azimut Bennetti SpA, of Italy v. Nautical Corp, whose beneficial owner is identified as Samark Jose Lopez Bello, a Venezuelan who was "designated by the US Department of the Treasury's Office of Foreign Assets Control as a Specially Designated Narcotics Trafficker", at the Grand Court of the Cayman Islands.

ConocoPhillips Gulf of Paria BV v. Corporación Venezolana del Petróleo, SA: Petition to Enforce Arbitration Award

August 05, 2019 - Petition to Confirm, Recognize, and Enforce Arbitration Award in the amount of $54.5 million  in ConocoPhillips Gulf of Paria B.V. v. Corporación Venezolana del Petróleo, S.A., of Venezuela, and Petróleos de Venezuela, S.A., Venezuela's national oil company, at the U. S. District Court for the Southern District of New York.

Maigualida Naranjo Barrios v. Banesco USA et al: Discovery Application

August 05, 2019 - Application by Maigualida Naranjo Barrios, of Venezuela, to take discovery from Banesco USA, of Coral Gables, Florida; SunTrust Bank, of Miami; SunTrust Banks, Inc., of Miami; Miura Investment Advisors, Inc., formerly Multiplicas Investment Advisors, Inc., of Miami; MWM Investments Ltd., of Barbados; Multiplicas Investments Ltd., of Barbados; Italo D’Alfonso, Mario V. D’Alfonso, Hugo Ortega, and Marlo G. Ovalles, all of Miami, for use in legal proceedings in Venezuela against Manuel Salvador Torruella Seijas, filed at the U. S. District Court for the Southern District of Florida.

Isaac Industries Inc. v. Petroquimica de Venezuela SA et al: Complaint

July 26, 2019 - Complaint in Isaac Industries Inc., of Florida, v. Petroquimica de Venezuela SA, of Venezuela; Bariven SA, of Venezuela; PDVSA Services BV, of the Netherlands, and Petroleos de Venezuela SA, of Venezuela, at the U. S. District Court for the Southern District of Florida.

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 crypto firm ICOBox sued by US regulator for 'unregistered' activity
Cayman Islands cryptocurrency "incubator" ICOBox and its founder, Nikolay Evdokimov, have been sued by the U.S. SEC for alleged illegal involvement in digital token offerings that raised $665 million. In a separate lawsuit last year, a former CEO of an ICOBox subsidiary claimed the group's "main shareholders" were "all funded by Russian money laundered through bitcoins and other cryptocurrencies".
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.