Misappropriation

Compañia De Navegación Palomar SA et al v. Isabel Brenda Koutsos: Judgment

Judgment for $2.75 million in favor of the plaintiff in Compañia De Navegación Palomar, SA, of Panama; Cosmopolitan Finance Corporation, of the British Virgin Islands; Dominion Corporation SA, of Panama; John Manners and Co. (Malaya) Pte Ltd., of Singapore; Peninsula Navigation Company (Private) Limited, of the British Virgin Islands, and Straits Marine Company Private Limited, of the British Virgin Islands v. Isabel Brenda Koutsos, of Australia, at Singapore High Court.

Diligence Inc. v. Nicholas Day: Diligence’s Motion for Partial Summary Judgment

Diligence Inc.'s Motion for Partial Summary Judgment regarding a dispute over ownership of Switzerland-domiciled Diligence Global Business Intelligence SA in Diligence Inc., a Delaware company majority owned by Cayman Islands-domiciled Information Security Investments Company v. Nicholas Day, a citizen of the United Kingdom residing in France, at the Court of Chancery of the State of Delaware.

Tanzania Tanzil v. Lindsay Grant et al: Ruling

Ruling regarding misappropriation, breach of trust, and breach of fiduciary duty in Tanzania Tobing Tanzil, an applicant under a "Citizenship by Investment Programme" v. Lindsay F.P. Grant and Jonel F. H. Powell, partners in the law firm of Grant, Powell & Co., at the High Court of Justice for Saint Kitts and Nevis.

Coöperatieve Rabobank UA et al v. The Clearing House Payments Company LLC et al: Discovery Application

Application by Coöperatieve Rabobank UA, of Argentina; Credit Agricole Corporate and Investment Bank, of New York; ING Bank NV, of Brazil; the International Finance Corporation, of Washington, DC; Natixis, New York Branch, and Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden NV, of the Netherlands, to take discovery from The Clearing House Payments Company LLC, of New York; Banco Bilbao Vizcaya Argentina SA, of Spain; Banco do Brasil SA, of Brazil; Bank Leumi US, of New York; Bank of America, NA, of North Carolina; Barclays Bank PLC, of England; Citibank, NA, of New York; Deutsche Bank AG, of Germany; Deutsche Bank Trust Co Americas, of New York; HSBC Bank USA, of New York; Itau Unibanco SA - New York Branch, of Brazil; JPMorgan Chase Bank, NA, of New York; Mizuho Bank, Ltd., of Japan; MUFG Bank, Ltd., of Japan; MUFG Union Bank, NA, of New York; Sumitomo Mitsui Banking Corporation, of Japan; The Bank of New York Mellon, of New York; UBS AG, of Switzerland; Wells Fargo Bank NY INTL, of New York, and Wells Fargo Bank, of California, for use in legal proceedings in Argentina regarding suspected "major international financial impropriety" involving Vicentin SAIC, filed at the U. S. District Court for the Southern District of New York.

USA v. Huawei Technologies Co. Ltd. et al: Third Superseding Indictment

Third Superseding Indictment alleging racketeering, conspiracy to steal trade secrets, and fraud in USA v. Huawei Technologies Co. Ltd., of China; Huawei Device Co. Ltd., of Huawei; Huawei Device USA Inc., of the USA; Futurewei Technologies Inc., of the USA; Skycom Tech Co. Ltd., of Hong Kong, and Wanzhou Meng, a.k.a. Cathy Meng, a.k.a. Sabrina Meng, a citizen of China, at the U. S. District Court for the Eastern District of New York.

Eurasian Bank JSC v. Bank of New York Mellon et al: Discovery Application

Ex Parte Application by Eurasian Bank JSC, of Kazakhstan, to take discovery from Bank of New York Mellon, Credit Suisse AG, New York Branch; Credit Suisse Holdings (USA) Inc., and Credit Suisse (USA) Inc. for use in legal proceedings in England alleging fraud against Khakim Islamovich Istamov, Irina Petrovna Skichko, Agusta Associates Limited, and Igor Riel, filed at the U. S. District Court for the Southern District of New York.

Diligence Inc. v. Nicholas Day: Defendant’s Opposition To Status Quo Motion

Defendant's Opposition to Plaintiff's Motion for Entry of a Status Quo Order regarding Switzerland-domiciled Diligence Global Business Intelligence SA in Diligence Inc., a Delaware company majority owned by Cayman Islands-domiciled Information Security Investments Company v. Nicholas Day, a citizen of the United Kingdom, at the Court of Chancery of the State of Delaware.

US investigations firm Diligence sues British ex-CEO Nick Day for ‘fraud’

US-based investigations and intelligence firm Diligence is suing its British recently-resigned CEO, Nicholas Day, for allegedly misappropriating its Swiss "subsidiary", part of a broader dispute between Diligence's majority owner, Cayman-domiciled Information Security Investment Co., and its senior management, comprising Day, in Geneva; Mike Baker, in New York, and Trefor Williams, in London.

Diligence Inc. v. Nicholas Day: Complaint

Complaint alleging fraud, unjust enrichment, breach of fiduciary duty, and breach of employment agreement regarding Switzerland-domiciled Diligence Global Business Intelligence SA in Diligence Inc., a Delaware company majority owned by Cayman Islands-domiciled Information Security Investments Company v. Nicholas Day, a Switzerland-based, British national described as Diligence's CEO, founder and minority shareholder, at the Court of Chancery of the State of Delaware.

Lilly Perry v. Dieter Neupert et al: Transcript of Motion To Dismiss Hearing

Transcript of Hearing on Motion To Dismiss by Côte d'Azur Estate Corporation and BGO Foundation regarding allegations that a Swiss attorney misappropriated an asset in France worth €25 million after a client died in Lilly Lea Perry, 72, the widow of Israel Igo Perry v. Dieter Walter Neupert, described as "Senior Partner" of Neupert Vuille Partners law firm, in Zurich, Switzerland; Côte d'Azur Estate Corporation, of Delaware, and BGO Foundation, of Liechtenstein, at the Court of Chancery of the State of Delaware.

Elliott Broidy et al v. Global Risk Advisors LLC et al: Complaint

Complaint alleging "In an effort to retaliate against and silence Mr. Broidy, Qatar hired its go-to firm for underhanded cyber-operations, Defendant GRA, to unlawfully hack into Mr. Broidy's emails and into his company's servers to steal private communications, business documents, and other material" in Elliott Broidy, of Beverly Hills, California, and Broidy Capital Management LLC, of Los Angeles, California v. Global Risk Advisors LLC, of Delaware; GRA Maven LLC, described as "a military consulting firm" based in North Carolina; GRA Quantum LLC, described as "a full-service cybcersecurity company" based in New York, NY; Global Risk Advisors EMEA Limited, described as a Gibraltar company based in Qatar, and Kevin Chalker, described as "a former CIA officer" who is based in New York, at the U. S. District Court for the Southern District of New York.

Gulf Investment Corp. v. Bank of America et al: Discovery Application

Application by Gulf Investment Corporation, of Kuwait, described as "a supranational financial institution owned equally by the six Gulf Cooperation Council states: The Kingdom of Bahrain; The State of Kuwait; The Sultanate of Oman; The State of Qatar; The Kingdom of Saudi Arabia; and The United Arab Emirates", to take discovery from Bank of America, NA, The Bank of New York Mellon, Citibank, NA, Deutsche Bank AG, New York Branch; Deutsche Bank Trust Company USA, Goldman Sachs and Co., HSBC Bank USA, NA, JPMorgan Chase Bank, NA, Mashreqbank PSC, New York Branch; National Australia Bank Limited, New York Branch; Standard Chartered Bank, New York Branch; and Wells Fargo Bank NA for use in "contemplated litigation in the Cayman Islands" regarding "hundreds of millions of dollars that have gone missing", filed at the U. S. District Court for the Southern District of New York.

Lilly Perry v. Dieter Neupert et al: Letter Suggesting Crimes

Letter from Delaware judge suggesting crimes may have been committed regarding allegations that a Swiss attorney misappropriated an asset in France worth €25 million after a client died in Lilly Lea Perry, 72, the widow of Israel Igo Perry v. Dieter Walter Neupert, described as "Senior Partner" of Neupert Vuille Partners law firm, in Zurich, Switzerland; Côte d'Azur Estate Corporation, of Delaware, and BGO Foundation, of Liechtenstein, at the Court of Chancery of the State of Delaware.

Eurasian Bank JSC et al v. Bank of New York Mellon et al: Discovery Application

Application by Eurasian Bank JSC and Eurasian Project 1 to take discovery from The Bank of New York Mellon Corporation, Citibank, NA, JPMorgan Chase, NA, Deutsche Bank AG, Deutsche Bank Trust Company Americas, Commerzbank AG, and UBS AG for use in "two pending criminal investigations by the General Prosecution Office of the Republic of Kazakhstan" regarding suspected fraud and misappropriation by companies allegedly controlled by "Russian businessman" Nurlan Saktapbergenovich Tleubayev, filed at the U. S. District Court for the Southern District of New York.

Durant International Corp. et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Matthew Richardson and Kevin Hellard, of Grant Thornton, as the Foreign Representatives of Durant International Corp., Kildare Finance Ltd., and McDoel Investment Limited, which were "controlled and beneficially owned by Paulo Salim Malif", described as a former mayor os São Paulo, Brazil, at the U. S. Bankruptcy Court for the Southern District of Florida.

Estonia: Aleksandr Rotko

Complaint to extradite Aleksandr Rotko from the USA to Estonia to face allegations of embezzlement.

iFinex Inc. v. Rondell Monroe: Discovery Application

Application by iFinex Inc., a British Virgin Islands-domiciled, Hong Kong-based company that operates the Bitfinex cryptocurrency exchange from Rondell Clyde Monroe, a resident of Las Vegas, Nevada, for use in legal proceedings in Poland, Portugal, and the United Kingdom regarding an attempt to recover $880 million, filed at the U. S. District Court for the Central District of California.

iFinex Inc. v. Citibank: Discovery Application

Application by iFinex Inc., a British Virgin Islands-domiciled, Hong Kong-based company that operates the Bitfinex cryptocurrency exchange from Citibank NA for use in legal proceedings in Poland, Portugal, and the United Kingdom regarding an attempt to recover $880 million, filed at the U. S. District Court for the Central District of California.

Insolvent Cayman discount broker OneTRADEx accused of impropriety

Insolvent Cayman Islands online discount broker OneTRADEx Ltd. allegedly illegally received $851,396 in "commissions and profit sharing" by borrowing cash from U.S. lender Stockloan Solutions using a client's assets as security without the client's "knowledge or authorization".

MBW Investments II LLC v. Aloha Global Inc. et al: Complaint

Complaint alleging fraud, conversion, and unjust enrichment in MBW Investments II LLC, of Delaware, and Andrew W. Weber, of Franklin, Tennessee v. Aloha Global Inc., of Nevada; European Investment Banking Group & Trust, described as "a Netherlands Trust, registered in the District of Columbia, and doing business in the United States"; Prestige Global Investment Group Inc., d.b.a. Prestige Venture Capital Fund, of Toronto, Canada; Andres F. Babero, of Las Vegas, Nevada; Judy P. Ramos, of Honolulu, Hawaii, and Theodore C. Wilkes, of Toronto, Canada, at the U. S. District Court for the Middle District of Tennessee.

Poland: Ewa Tuszynska

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Poland - for a criminal investigation into Ewa Tuszynska for suspected forgery and misappropriation.

Switzerland: David Saraf Yakir

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Switzerland - for a criminal investigation into David Saraf Yakir for suspected misappropriation, fraud, and money laundering.

Radar Alternative Master Fund SPC et al v. Ralph Giorgio: Complaint

Complaint to "trace, recapture and return investor funds misappropriated from investment funds managed and operated as a Ponzi scheme by Mark J. Varacchi" in Jed Horwitt, as Receiver for Sentinel Growth Fund Management LLC, of Stamford, Connecticut; Radar Alternative Fund LP, of Delaware, and Radar Alternative Master Fund SPC, of the Cayman Islands v. Ralph Giorgio, of Greenwich, Connecticut, at the U. S. District Court for the District of Connecticut.

Switzerland: Walter Hans Zellweger

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance  from Switzerland - for a criminal investigation into Walter Hans Zellweger for suspected fraud and misappropriation.

British lawyer George Lonsdale struck off for dishonesty

Yet another British lawyer - George Lonsdale - who was involved with the fraudulent Cayman Islands-domiciled Axiom Legal Financing Fund has been struck off for dishonesty, this time for stealing from an elderly client in an unrelated incident.

Cambria County Employees’ Retirement System v. Athene Asset Management LLC et al: Complaint

Complaint in Cambria County Employees' Retirement System v. Athene Asset Management LLC and Apollo Global Management LLC, both of Delaware, as defendants, and Athene Holding Ltd., a Bermuda-domiciled insurance holding company whose securities are listed on the New York Stock Exchange, as nominal defendant, at the Supreme Court of the State of New York, County of New York.

Knijnik Participações SA et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Frederico Antonio Oliveria de Rezende, as the Foreign Representative of Knijnik Participações S.A., Knijnik Engenharia Ltda., Knijnik São Paulo Engenharia Integrada Ltda., Proplan Serviços e Projetos Ltda., and Gabinete Projetos de Engenharia e Arquitetura Ltda., at the U. S. Bankruptcy Court for the Southern District of Florida.

Mubashir Ahmed Sheikh: Disqualification

Decision Notice by the Dubai Financial Services Authority imposing penalties for dishonesty on Dr. Mubashir Ahmed Sheikh regarding MAS ClearSight Ltd., of which Sheikh was chairman, director and acting Senior Executive Officer. Editor's Note: Mubashir Ahmed Sheikh currently operates CS Global Capital SA, of Switzerland, which is "a multi-line Investment Banking, Private Equity and Real Estate Advisory Business", according to its website at http://csglobalcapital.com.

US plaintiff ‘outraged’ by defendant obtaining Bermuda court stay of NY lawsuit

A US-based plaintiff has described as "outrageous" the manner in which Bermuda-domiciled, NYSE-listed insurance holding company Athene Holding Ltd. obtained an ex parte injunction at Bermuda Supreme Court staying a lawsuit it had filed in New York alleging fraud by Athene's "controlling stakeholder", Apollo Global Management, of Delaware.

REDS Caribbean Ltd.: Discovery Application (Robert Holloway et al)

Ex Parte Application by Mark McDonald and David Holukoff, as the Joint Official Liquidators of REDS Caribbean Ltd., of Trinidad and Tobago, to take discovery from Robert Holloway, REDS Americas Inc., Lavelle Holdings Inc., BBVA Compass, and Frost Bank regarding REDS Caribbean Ltd., REDS Caribbean (BVI) Ltd., Reds Americas Inc., Michael Robert Charbonne, Tricia Charbonne-Downes, Randall Harford, Dayne Harford, Ryan Harford, Daynco Ltd., Robert Holloway, JUKES Group, Raymond Mark McMillan, Global Insurance Services Ltd., Goliath Offshore Services Ltd., Goliath Offshore Holdings Pte Ltd., Goliath Offshore Pte Ltd., Avant Garde Insurance Services Ltd., Penelope Belmontes, a.k.a. Penelope Rahim; Lavelle Holdings Inc., Sherron Harford, and Hayden Borrell for an investigation into suspected fraud involving companies in the British Virgin Islands, Singapore, Trinidad and Tobago, United Kingdom, and USA, filed at the U. S. District Court for the Southern District of Texas.

Central Laborers’ Pension Fund v. Athene Asset Management LLC et al: ‘Outrage’ at Bermuda Court Injunction

Letter from the Plaintiff notifying a New York court that Bermuda-domiciled insurance holding company Athene Holding Ltd., whose shares are listed on NYSE, "ran to a court in Bermuda" to obtain "what it represents to be an ex parte injunction purporting both to bar Plaintiff from prosecuting the New York Action and to require Plaintiff to take affirmative steps to stay this action" in Central Laborers' Pension Fund v. Athene Asset Management LLC and Apollo Global Management LLC, both of Delaware, as Defendants, and Athene Holding Ltd., as Nominal Defendant, at the Supreme Court of the State of New York, County of New York. This document includes a copy of the "interim injunction" entered by Bermuda's Chief Justice, Narinder Hargun, sitting at Bermuda Supreme Court, on July 5th, 2019 following an application on Athene Holding Ltd.'s behalf by Walkers Bermuda law firm.

Porcão Licenciamentos e Participacões SA et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Renan Miguel Saad, as the Foreign Representative of Porcão Licenciamentos e Participacões SA and Brasil Foodservice Manager SA, at the U. S. Bankruptcy Court for the Southern District of New York.

SEC v. Donald LaGuardia, Jr.: Complaint

Complaint alleging fraud involving funds in Delaware and the Cayman Islands, where the group's registered agent was Ogier Fiduciary Services (Cayman) Ltd., in U. S. Securities and Exchange Commission v. Donald LaGuardia, Jr., of New Jersey, at the U. S. District Court for the Southern District of New York.

Lilly Perry v. Dieter Neupert et al: Amended Complaint

Amended Complaint alleging that a Swiss attorney misappropriated an asset in France worth €25 million after a client died in Lilly Lea Perry, 72, the widow of Israel Igo Perry v. Dieter Walter Neupert, described as "Senior Partner" of Neupert Vuille Partners law firm, in Zurich, Switzerland; Côte d'Azur Estate Corporation, of Delaware, and BGO Foundation, of Liechtenstein, at the Court of Chancery of the State of Delaware.