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

Documents

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Stephen Merz v. Burford Capital (UK) Ltd. et al: Amended Class Action Complaint

November 20, 2019 - Amended Class Action Complaint for alleged securities fraud in Stephen Merz v. Burford Capital (UK) Limited, a litigation funding company domiciled in Guernsey, based in England; Peter Middleton, Burford's Chairman during the Class Period; Christopher Bogart, Burford's CEO; Jonathan Molot, Burford's Chief Investment Officer, and Charles Parkinson, a Burford Director, at the U. S. District Court for the Eastern District of New York.

6350747 Canada Inc.: Chapter 15 Petition

November 20, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by M. Guillaume Landry, of Raymond Chabot Inc., as the Foreign Representative of 6350747 Canada Inc., at the U. S. Bankruptcy Court for the District of New Jersey.

Eagle Energy Inc.: Chapter 15 Petition

November 20, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Deryck Hylkaa, of FTI Consulting, as the Foreign Representative of Eagle Energy Inc., at the U. S. Bankruptcy Court for the Northern District of Texas.

Kevin Manning: Public Statement

November 20, 2019 - Public Statement by the Jersey Financial Services Commission that Kevin Robert Manning, a former lawyer, is "not fit and proper to work in any capacity in or for any business regulated by the JFSC".

Labuan FSA Business Restrictions: November 19, 2019

November 19, 2019 - Notice by Labuan Financial Services Authority regarding Licensed Entities on which business restrictions have been imposed, November 19, 2019.

Yuri Rozhkov et al v. Larisa Markus et al: Complaint

November 19, 2019 - Complaint regarding "a massive $2 billion fraud to embezzle monies from the Bank [Vneshprombank Ltd.] and then hide the funds in foreign countries" in Yuri Vladimirovich Rozhkov, a citizen and resident of Russia, and The State Corporation Deposit Insurance Agency, of Russia, as Trustee and Foreign Representative of Foreign Economic Industrial Bank Limited, a.k.a. Vneshprombank Ltd. v. LARMAR Foundation, of Panama; Ilya Bykov, BG Atlantic, Inc., LM Realty 31B, LLC, LM Realty 31C, LLC, LM Realty 27D, LLC, LM Realty 24C, LLC, LM Realty 20A, LLC, LM Realty 18 West, LLC, LM Realty 10C, LLC, LM Realty 23H, LLC, LM Property Management LLC, Innovative Construction Group, Inc., First integrated Construction, Inc., and Larisa Ivanovna Markus, a citizen and resident of Russia, at the U. S. Bankruptcy Court for the Southern District of New York.

Abraaj Capital Ltd.: Winding Up Order

November 19, 2019 - Winding-Up Order regarding Abraaj Capital Limited (in Provisional Liquidation) at the Dubai International Financial Centre Courts.

SKAT v. John van Merkensteijn et al: Complaint

November 19, 2019 - Complaint regarding a "fraudulent tax refund scheme that deceived SKAT into paying out over 12. 7 billion Danish Kroner, the equivalent of approximately $2.1 billion (US), of allegedly withheld dividend tax" in Skatteforvaltningen, a.k.a. SKAT, Denmark's tax collection agency v. John van Merkensteijn, Richard Markowitz, Bernina Pension Plan Trust, RJM Capital Pension Plan Trust, 2321 Capital Pension Plan, Bowline Management Pension Plan, California Catalog Company Pension Plan, Clove Pension Plan, Davin Investments Pension Plan, Delvian LLC Pension Plan, DFL Investments Pension Plan, Laegeler Asset Management Pension Plan, Lion Advisory Inc. Pension Plan, Mill River Capital Management Pension Plan, Next Level Pension Plan, Rajan Investments LLC Pension Plan, Spirit on the Water Pension Plan, and Traden Investments Pension Plan at the U. S. District Court for the Southern District of New York.

Trustees of the Wemyss Heirlooms Trust v. Michel David-Weill et al: Discovery Application

November 19, 2019 - Application by The Trustees of the Wemyss Heirlooms Trust to take discovery from Michel David-Weill, Adam Williams Fine Art Ltd., and Adam Williams for use in contemplated legal proceedings in England and Wales against Simon C. Dickinson, Ltd., filed at the U. S. District Court for the Southern District of New York.

Cecile Bouskila v. USA: Complaint

November 18, 2019 - Complaint regarding tax liabilities in Cecile Bouskila, a participant in the IRS' 'Offshore Voluntary Disclosure Program' v. USA at the U. S. District Court for the Eastern District of New York. Editor's Note: Bouskila was a shareholder in British Virgin Islands-domiciled, Switzerland-based Dorchester Gallery Limited, according to the International Consortium of Investigative Journalists, per its 'Panama Papers' leaked data.

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.