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    Kadeem Maynard sentenced to 57 months in prison for ‘conspiring with BVI Premier Andrew Fahie to import cocaine into U.S.’

    British Virgin Islands national Kadeem Maynard has been sentenced to 57 months in prison at federal court in Miami after previously pleading guilty to one count of conspiring with his mother, Oleanvine Maynard, and former BVI Premier Andrew Fahie to import cocaine into the United States. Fahie's jury trial on drugs trafficking, money laundering, and racketeering charges is due to start on January 8th, 2024.

    Cayman depositor of Silicon Valley Bank sues FDIC over ‘illegal $250K transfer’

    A depositor of the Cayman Islands branch of California-based Silicon Valley Bank is suing the Federal Deposit Insurance Corporation in the United States for allegedly illegally transferring its entire balance of $250,000 out of its account. Cayman-domiciled Knight League Limited alleges conversion, unjust enrichment, and breach of contract.

    Centurion Group life settlement funds go into liquidation in Cayman after auditor resigns

    Four Cayman Islands life settlement investment funds that are part of Bermuda national David Rawson-Mackenzie's Centurion Group have gone into liquidation after their auditor resigned due to "concerns" about how business was being conducted, namely Argent Fund SPC, Defined Return Fund Plc, Life Settlement Strategy Fund SPC, and Defined Returns Partnership LP, three of which appear to have been suspended for over 12 years.

    British fugitive fraudster Anthony Constantinou implicated in new forex and crypto scheme involving Greek broker Ardu Prime

    British fugitive fraudster Anthony Constantinou has allegedly been participating in a new forex trading and crypto scheme that may have swindled investors out of tens of millions of dollars and involves entities and individuals in or from the Cayman Islands, England, Greece, Ireland, Malta, Seychelles, United Arab Emirates and USA, including Greek financial broker Ardu Prime and Dubai-based financial technology firm ClearTech Industries, OffshoreAlert can reveal.

    Investor prepares to sue Credit Suisse in Switzerland after ‘losing $13.5M in Wirecard’

    Marshall Islands firm Nike Shipholding Corporation has filed a discovery application in New York as it prepares to sue its investment adviser, Credit Suisse, in Switzerland after investing $15 million in fraudulently-operated German payment-processor Wirecard AFTER Wirecard had already been exposed by the Financial Times newspaper and not long before it filed for bankruptcy, allegedly suffering a loss of $13.5 million.

    Ex-BVI Ports Authority MD Oleanvine Maynard pleads guilty to cocaine trafficking

    Former BVI Ports Authority Managing Director Oleanvine Maynard, 61, and her son, Kadeem Maynard, 32, have each pleaded guilty to one count of conspiracy to import cocaine at federal court in Miami in a scheme that also allegedly involved then British Virgin Islands Premier Andrew Fahie and each face a "mandatory minimum" of 10 years in prison unless the judge determines they are "safety valve eligible". With Fahie's jury trial set to start next month, Oleanvine Maynard has agreed to "cooperate fully" with prosecutors.

    Ex-BVI Ports Authority MD Oleanvine Maynard to plead guilty in drugs trafficking case

    Eight days after it was disclosed at federal court in Miami that her son, Kadeem Maynard, intends to plead guilty in a narcotics trafficking and money laundering criminal case, it was disclosed in a court entry that former British Virgin Islands Ports Authority Managing Director Oleanvine Maynard will do likewise, leaving former BVI Premier Andrew Fahie as the only defendant still fighting the charges.

    U.S.-based Rietumu Bank officer Emmanuil Grinshpun sued for $6.6M

    A Vice President of Latvia's Rietumu Bank - Emmanuil Grinshpun - is being sued in Miami over an alleged $6.6 million debt that involves entities in Anguilla, Australia, Bahamas, British Virgin Islands, Cyprus, England, Scotland, and the Seychelles. It was also alleged that Grinshpun was "associated with" illegal activity.

    Retired basketball star Shaq sued over ‘$5M Astrals Project crypto scam’

    Just six months after he was sued for allegedly promoting Sam Bankman-Fried's FTX crypto scheme, retired basketball star Shaquille O'Neal is being sued again - for $5 million - regarding another alleged crypto fraud, this one that he allegedly founded and controlled, called 'Astrals Project'.

    ‘YouTube Stars’ who ‘promoted FTX crypto fraud without disclosing compensation’ sued for $1B by ‘victims’

    A $1 billion class action complaint alleging conspiracy to commit fraud has been filed by residents of Australia, Canada, England, and USA against ten "FTX Influencers" who allegedly promoted the Bahamas-based crypto scam to their millions of "followers" and "subscribers" on YouTube and other social media without disclosing they were paid to do so, namely Kevin Paffrath, Graham Stephan, Andrei Jikh, Jaspreet Singh, Brian Jung, Jeremy Lefebvre, Tom Nash, Ben Armstrong, Erika Kullberg, and Creators Agency.

    Bermuda regulator petitions Wine Investment Fund into liquidation after OffshoreAlert exposé

    The Wine Investment Fund has gone into provisional liquidation in Bermuda following a petition by local regulator the Bermuda Monetary Authority - two months after OffshoreAlert revealed the Fund was part of a wine-based investment group that was insolvent by at least £7.8 million and four months after an investor asked the regulator to investigate the Fund.

    Crypto lender Nexo Capital sues Cayman regulator for rejecting license application

    On the day its offices were raided in Bulgaria last week, and four of its employees criminally charged with money laundering and fraud, the Nexo crypto lending group sued the Cayman Islands Monetary Authority for rejecting its licensing application and is seeking a court declaration that it is "suitable to be registered".

    Antigua’s Global Bank of Commerce misses deadline to satisfy $10M+ judgment

    An offshore bank in Antigua and Barbuda - Global Bank of Commerce - has missed a January 6th deadline to satisfy a judgment equating to more than $10 million owed to Canadian depositor Jack Stroll, triggering a stipulation that now makes the bank's CEO, Brian Stuart-Young, personally liable for the full amount.