51 to 100 of 4875 results

    Sort By:


    Filter By:


    show more show less


    show more show less


    show more show less

    ‘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.

    FTX ‘victim’ sues Tom Brady, Gisele Bundchen, Larry David, Shaq & other stars for ‘$11B crypto fraud’

    A class action complaint alleging an $11 billion fraud by the FTX crypto exchange group has been filed at federal court in Miami against FTX founder Sam Bankman-Fried and others, including NFL legend Tom Brady, supermodel Gisele Bundchen, basketball stars Shaquille O'Neal, Stephen Curry, and Udonis Haslem, baseball stars David Ortiz and Shohei Ohtani, tennis player Naomi Osaka, NFL quarterback Trevor Lawrence, comedian Larry David, and the Golden State Warriors basketball team.

    Bahamas liquidators of FTX Group’s ‘manager and operator’ apply for Chapter 15 recognition in New York

    The liquidators of Bahamas-based FTX Digital Markets Ltd. - described as as the "manager and operator" of the FTX Group - have applied for Chapter 15 bankruptcy recognition in New York as they begin the process of gathering evidence and recovering assets for the crypto exchange group's creditors, who were estimated at "more than one million" by the group's management in Chapter 11 filings in Delaware last week that the liquidators claim were unauthorized.
    Jeremy Leach-Managing Partners

    British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5M

    Four days before a trial was due to start in the Cayman Islands, British fund manager Jeremy Leach and eight of his firms settled a fraud complaint by agreeing to pay $11.5 million over 22 months, OffshoreAlert can reveal. Despite a plethora of red flags, the Cayman Islands Monetary Authority continues to license Leach's Managing Partners Group and its funds and the group also operates entities in the British Virgin Islands, England, Malta, Spain, and Switzerland.
    Intertrust v. CIMA

    Intertrust Cayman agrees to pay CI$5M to settle regulatory action

    Cayman Islands corporate services provider Intertrust has abandoned its legal challenge against a fine of CI$4.2 million imposed by the Cayman Islands Monetary Authority, agreeing to pay not only the full amount of the fine but an additional CI$767,392 towards the regulator's legal fees.

    Malta police investigate lawyer Aron Mifsud Bonnici & businessman Yorgen Fenech for ‘Dark Web weapons purchase using crypto’

    Police in Malta are investigating lawyer Aron Mifsud Bonnici and businessman Yorgen Fenech regarding "the unlawful acquisition of firearms" on the "Dark Web" using Bitcoin. Details are contained in an application to collect evidence from crypto exchanges Poloniex and Coinbase that was filed at federal court in Delaware by the USA after receiving a request for judicial assistance from Malta.

    Hong Kong shareholder seeks Inspectors for Cayman crypto fund manager BBShares

    Hong Kong resident Guang Huang has asked a Cayman Islands court to appoint Inspectors to investigate the affairs of crypto fund manager BBShares Capital Management Ltd., two of whose fellow principals - Connecticut residents Hongtao Jason Qiao and JingJing Zhou - he accused of committing a $7.2 million 'freeze out' fraud against him in a lawsuit filed three months ago in New York.
    RiotX investment scam

    U.S. seeks forfeiture of crypto from ‘$2M Asian ‘Pig Butchering’ RiotX scam’

    The U.S. has filed a forfeiture complaint against crypto that allegedly came from a $2 million investment fraud committed by three citizens or residents of Hong Kong, Myanmar, and Singapore - Wing San Tse, Zin Ko Oo, and Shen Chee Kok - against a financial advisor in California and his family via an allegedly fraudulent investment platform called RiotX using an "emerging fraud" technique known as "Pig Butchering".
    Brian Stuart-Young Global Bank of Commerce

    Antigua’s Global Bank of Commerce sued by depositors ‘unable to withdraw $12M’

    Antigua-based offshore bank Global Bank of Commerce and its CEO, Brian Stuart-Young, are being sued by two depositors who claim they are unable to withdraw $9.2 million and £2.7 million from their accounts. Remarkably, the country's Prime Minister, Gaston Browne, described the depositors as "greedy" for attempting to withdraw their own funds.

    Bankrupt crypto lender Celsius Network accuses ex-business partner Jason Stone of ‘multi-million dollar theft’

    Two British and Delaware companies within the bankrupt crypto lending Celsius Network group have sued former business partner Jason Stone and his firm KeyFi Inc. for allegedly stealing and losing crypto worth "tens of millions of dollars". The lawsuit was filed 47 days after KeyFi sued Celsius Network, alleging its platform was being operated as "a classic Ponzi scheme".

    SEC sues 18 entities for alleged $1.3M ‘hacking and securities fraud scheme’

    The U.S. SEC has filed a complaint against 18 individuals and entities in or from Canada, Cayman Islands, Dominican Republic, Nevis, United Kingdom, and United States for their alleged participation in a 'hacking and securities fraud scheme', with some of the conduct allegedly concealed through offshore accounts in the Bahamas, Belize, Switzerland, and U.K.
    Three Arrows Capital

    Founders of failed crypto fund Three Arrows Capital ‘not cooperating’ with liquidators

    The liquidators of Singapore-based, British Virgin Islands-domiciled cryptocurrency hedge fund Three Arrows Capital have applied to take emergency discovery from the firm's 'uncooperative' Founders - Kyle Davies and Su Zhu - to help secure assets for creditors, with Zhu "rumored to be attempting to sell a property in Singapore with a potential value in the tens of millions of dollars".