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More than 20,000 investors were swindled out of "at least $124 million" in crypto-based investment and multi-level marketing scams known as 'Ormeus Coin' and 'Ormeus Global' that were operated by siblings John and Tina Barksdale and involved entities in Hong Kong and Panama, it has been alleged in criminal and regulatory actions.

British and Irish national Richard Fagan has filed a criminal defamation complaint against OffshoreAlert with Dubai Police nearly seven years after we first exposed him as an investment fraudster, according to his local lawyer, Nasser Al Awar, who is described on his law firm's website as "a retired Dubai Police brigadier".

A R$41 million creditor of Brazilian banker Adolpho Mello is seeking evidence from a New York company that he allegedly used to conceal his beneficial ownership of a 4,500 sq. ft. apartment near Central Park, in Manhattan, that was 'sold for $8.1 million in 2019'.

United Kingdom citizens Stephen Burton, 57, and James Wellesley, 55, have been criminally indicted for fraud and money laundering at federal court in New York for an alleged $99.4 million wine-based investment scam known as 'Bordeaux Cellars', which was the trading name for companies in England and Hong Kong.

One of the biggest copper and cobalt miners in the DR Congo - China-owned Tenke Fungurume - has been accused of transferring over $150 million from its Bank of America account in New York over the last month to avoid satisfying a $16.7 million arbitration award.

For the first time in over four years, the British Virgin Islands Financial Services Commission has published details of a fine against a licensed entity, a $20,000 penalty imposed on McNamara Corporate Services Ltd.

Gibraltar-based wealth manager Tourbillon Limited, which is operated by 56-year-old United Kingdom national Mark Crossley, is falsely claiming to be licensed in the jurisdiction, the local regulator has warned.

Nebahat Evyap İşbilen, described as the 76-year-old wife of an imprisoned former member of parliament in Turkey, is seeking discovery from 11 banks in New York for a civil lawsuit in London against entities in the British Virgin Islands, Cayman Islands, England, Jersey, and United Arab Emirates for an alleged £40 million-plus fraud.

Stuart Brankin appears to have left Cayman Islands corporate services provider Circumference FS after OffshoreAlert revealed allegations of fraud against one of their clients. All references to Brankin, including his name, photo, and profile, were removed from Circumference's website one day after we reported that Asia Momentum Fund, of which Brankin was a director and to which Circumference provided services, had been accused of swindling Malaysian citizens out of more than $212 million as part of a wider $4.5 billion fraud involving 1MDB.

Investment manager James Velissaris has been criminally indicted in New York for an alleged scheme involving entities in the Cayman Islands and United States in which assets were allegedly over-valued by more than $1 billion so he could receive "tens of millions of dollars" in fees and profits. Civil lawsuits were also filed against him by two US regulatory agencies and a Cayman investment fund, which brought a class action.

A Cayman Islands fund allegedly swindled a British Virgin Islands investment vehicle whose ultimate investors were "citizens of Malaysia" out of more than $200 million as part of the 1MDB fraud, all while its directors, Stuart Brankin (pictured), Desmond Campbell, and Christine Godfrey, collectively received fees and expenses "totaling more than US$100,000", it has been claimed in a lawsuit.

A New York couple - Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31 - have been arrested and charged in the United States with conspiring to launder Bitcoin now worth $4.5 billion that was allegedly stolen in a 2016 hack of the British Virgin Islands-owned cryptocurrency exchange known as Bitfinex.

The USA has filed a forfeiture complaint in California against seized funds in 754 accounts at Bank of America that were allegedly set up for non-resident aliens, mostly citizens of China, by corrupt bank employees who took bribes to circumvent anti-money laundering laws.

Twenty five years after OffshoreAlert exposed an estimated $1 billion fraud he oversaw with Goldman Sachs, 64-year-old British insurance boss Mark Cooke has been banned from Bermuda's insurance industry for his conduct regarding subsequent businesses whose owners have included entities in the British Virgin Islands, Cayman Islands, England, Guernsey, and USA.

Bermuda law firm Conyers Dill & Pearman is suing a now-defunct Bermuda-domiciled crypto client, Velocity Ledger Holdings Ltd., in New York for an alleged debt of $42,000.

Mongolia's former Prime Minister Sükhbaataryn Batbold, his son, Battushig Batbold, and entities in the British Virgin Islands, Hong Kong, Mongolia, South Korea, and Switzerland are being sued in the BVI for alleged corruption.

Mourant Ozannes law firm has applied to liquidate MultiBank FX International Corporation in the British Virgin Islands over alleged unpaid legal fees of $77,711. The alleged debtor is part of the MultiBank Group, which claims to have companies or offices in Australia, Austria, British Virgin Islands, Cayman Islands, China, Cyprus, Egypt, Germany, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, Nigeria, Philippines, Spain, Turkey, USA, and Vietnam.

A petition to wind up the owner of the now-defunct Jimmy Buffett-inspired Margaritaville Beach Resort in the Cayman Islands has been filed by local resident Jeremy Beck over a US$2 million debt.

The Crowd Machine cryptocurrency group headed by Australian Craig Sproule "raised more than $33 million from hundreds of investors" in a "fraudulent and unregistered" scheme involving entities in Australia, Cayman Islands, South Africa, and United States, the U.S. Securities and Exchange Commission has alleged.

Dubai-based Australian Steven Kowalski is suing 11 individuals and companies in the Cayman Islands, Hong Kong, Russia, Singapore, and the United States after Bitcoin worth $80 million was allegedly stolen from him in "a sophisticated malware attack" and laundered through accounts at cryptocurrency exchanges Binance and Kraken.

For the second year running, the British arm of the self-described "world’s leading cryptocurrency-friendly online travel agency" in the Cayman Islands - which has raised at least £2.2 million from over 1,700 investors - faces strike off for failure to file its annual accounts.

Russia's National Bank Trust is seeking records from three New York banks as part of its attempt to recover the proceeds of "a multi-billion dollar banking fraud perpetrated by two brothers, Dmitri and Alexei Ananyev", who are allegedly linked with entities in several jurisdictions, including Belize, British Virgin Islands, Cayman Islands, Curaçao, Cyprus, Marshall Islands, and Seychelles.

The bankruptcy trustees of London-based Russian suspected fraudster Anatoly Motylev are seeking records from seven banks in New York as they hunt for the "billions of Rubles" he is accused of misappropriating from failed Russian banks and pension funds he once controlled.

Guernsey-based corporate services provider Hansard Ltd. and five of its directors, including its chairman, Philip Blows, have been fined a total of £398,300 following an investigation in which the firm told its local regulator that 75% of its clients were "high-risk".

British Virgin Islands-based corporate services provider Vistra and accountant Indervir Basra, who works for the group in California, are being sued in the United States regarding audits of DC Solar, which collapsed after swindling investors out of an estimated $1 billion. The audits were allegedly conducted by a group that Vistra acquired just seven months before DC Solar's headquarters was raided by the FBI in December, 2018.

As part of what its lawyers claim "could become the largest international asset recovery effort of all time", Libya has applied to take discovery from eight major banks in its hunt for an estimated $100 billion allegedly misappropriated by former leader Muammar Gaddafi. The effort is being led by lawyers Oren Warshavsky, of BakerHostetler, and Warren Gluck, of Holland & Knight.

Israel-based attorney Steven Slom has been awarded nominal damages of $1 by a jury in Miami after being falsely described as a ‘money launderer, tax evader and career criminal’ by self-described ‘financial crime consultant’ Kenneth Rijock in private communications with a resident of Houston, Texas. Slom did not pursue damages against Rijock for similar false claims in Rijock's online 'Financial Crime Blog' after Rijock published "a complete and total retraction" shortly after being sued in 2016.

Five months after pleading guilty to investment fraud in his native New Zealand, fund manager Kelly Tonkin has been disqualified as a company director in the Cayman Islands, where two of his Penrich Capital group companies were domiciled.

In a legal action in which he is seeking $395 million in damages for an alleged fraud involving a cryptocurrency scheme, Canadian Troy Hogg claims two Americans "misappropriated" $250,000 he gave them in 2019 to try to obtain a bank license in Bermuda, OffshoreAlert can reveal.

In a complaint filed at the British Virgin Islands High Court, Kazakhstan's BTA Bank has accused 53 defendants in the BVI, Cyprus, Germany, Guernsey, Kazakhstan, Latvia, Panama, Russia, Seychelles, Singapore, Switzerland, and USA, including its former chairman, Mukhtar Ablyazov, of defrauding the bank of $231 million.

A businessman and former government member in the Channel Islands, James Baker, is being criminally investigated by police in the Bailiwick of Jersey on suspicion of laundering £240,000 from an alleged investment fraud, OffshoreAlert can reveal.

The US has applied to seize $1 million from Cayman Islands-domiciled Maydaisy Corporation that is believed to derive from an investment fraud in the Turks and Caicos Islands and narcotics trafficking from Colombia and Jamaica. Research by OffshoreAlert showed that Maydaisy is controlled by Ingrid Loiten, a citizen of Jamaica.

Bermuda-domiciled Shipowners Insurance and Guaranty Company Ltd., from which the U.S. Department of Justice has demanded $4.4 million in damages for the grounding of an oil tanker, is seeking to recover the amount, plus $1.2 million in fees and expenses, from a shipping firm - Margara Shipping Ltd. - that was struck off the Cayman Islands Companies Register nearly 10 years ago.

New Jersey-based businessman Joseph Cammarata, who allegedly owns 'Sandy Cay' private island in the Bahamas, and two associates have been criminally indicted for allegedly swindling $40 million that was intended for securities fraud victims in a scheme that involved entities or accounts in several jurisdictions, including the Bahamas, Barbados, Cayman Islands, Colombia, Gibraltar, and USA.

Five businessmen in the Bahamas, Bermuda, Canada, and United States have been declared "not fit and proper" by the Cayman Islands Monetary Authority for their conduct regarding captive insurer Alpha Re, which collapsed nearly four years ago and has been accused of perpetrating a $165 million fraud.

Credit Suisse's operations in Switzerland and England have admitted swindling investors and agreed to pay $475M in penalties as part of a "Coordinated Global Resolution" of fraud and corruption allegations regarding loan and securities offerings involving the Republic of Mozambique.

British Virgin Islands-domiciled crypto 'stablecoin' group Tether has been fined $41 million for fraud by the US Commodity Futures Trading Commission, which also fined BVI crypto exchange Bitfinex $1.5 million for unlicensed activity and other offenses.

Five months after one of its clients, Canadian Andrew McAlpine, pleaded guilty to securities fraud in the United States, securities broker Seven Mile Securities has been fined CI$250,000 by the Cayman Islands Monetary Authority. It is not publicly-known whether the two events are connected.

A bizarre and seemingly-frivolous lawsuit alleging a $450 million fraud by a Bahamas investment group and related individuals has been filed in New York by four Ukraine citizens and 35 suspiciously-named firms that purport to be domiciled in some of the seediest offshore jurisdictions, including one called "Bear Stearns", which claims to be registered in the Seychelles. UPDATE: On October 17th, 2021 - just four days after filing the complaint, the plaintiffs filed a notice of voluntary dismissal.

A purported blockchain company - DappTricity Plc - transferred its assets to an entity in the British Virgin Islands and closed down while it was failing to comply with an inspection by the Isle of Man Financial Services Authority, according to the regulator.

The British Virgin Islands Government intends to add three more US citizens - Scott Weisman, Jerry Willoughby, and Bruce Bradley - as defendants to a lawsuit it filed against "now-suspended" US lawyer Lester Hyman alleging fraud and corruption involving plans to operate an air service between the BVI and Miami.

Liquidators in the Cayman Islands and United Arab Emirates who are investigating the alleged misappropriation of at least $43 million from a Cayman investment vehicle for six Kuwaiti brothers have filed for Chapter 15 bankruptcy recognition in the United States.

Against a backdrop of more than $3 billion of investor losses, investor litigation, and regulatory "inquiries" in the US and Bermuda, four Bermuda firms affiliated with the US-based Markel Corporation insurance group have gone into provisional liquidation as part of an attempted restructuring.

Alleging "a fraud has been committed", a creditor of two dissolved Cayman Islands firms that are part of British businessman Harvey Boulter's Porton Group has applied for them to be restored to the corporate register and their liquidations continued under court supervision.

Criminal actions against six foreign nationals, a Swiss financial services firm, and a client regarding an alleged offshore tax evasion scheme known as the "Singapore Solution" involving entities in the British Virgin Islands, Hong Kong, Liechtenstein, Panama, Singapore, and Switzerland have been unsealed at federal court in New York.

An unidentified Swiss "wealth advisory firm" in Zurich helped Mark Gyetvay - the criminally indicted CFO of one of Russia's biggest gas producers, LSE-listed Novatek - evade taxes on over $40 million of income in a scheme also involving firms in Belize, British Virgin Islands, and Cayman Islands, it has been alleged.

Walkers law firms in the Cayman Islands and Dubai are being sued for alleged negligence by two Kuwait state-owned entities regarding a fund whose Arab investors were allegedly swindled out of hundreds of millions of dollars.

A Caribbean firm operated by Barbadian developer Mark Maloney that says it was hired by the Barbados Government to procure one million doses of a COVID-19 vaccine for the country's population claims to have been swindled out of $6.7 million. It's not clear from a complaint filed at federal court in the U.S. last week whether the amount originated from the Government or the company, Rational Investments Ltd.

British firm Coworth Investments Ltd., which is operated by British and Irish serial fraudster Richard Fagan, has reported net liabilities of £559,494 in its latest financials.

Three men have been indicted in New York for allegedly perpetrating a $155 million fraud and money laundering scheme involving entities in or from Argentina, Bahamas, Belgium, Bermuda, British Virgin Islands, Cayman Islands, Ecuador, Germany, Switzerland, Uruguay, and the United States.