Documents

GAM (Luxembourg) SA: €48.5K Fine

Public Notice by the Luxembourg CSSF that it has imposed a fine of €45,500 on GAM (Luxembourg) SA, described as an investment fund manager, for regulatory breaches.

Orbis Global Equity LE Fund et al v. Vale SA et al: Complaint

Complaint "to recover significant investment losses suffered as a result of securities fraud perpetrated by Defendants" in Orbis Global Equity LE Fund, of Australia; Orbis Global Equity Fund, of Australia; Orbis Global Balanced Fund, of Australia; Orbis SICAV, of Luxembourg; Orbis Institutional Funds Limited, of Bermuda; Orbis Global Equity Fund Limited, of Bermuda; Orbis Institutional Global Equity LP, of Delaware, and Orbis OEIC, of England and Wales v. Vale SA, described as "an international mining company based in Brazil"; Murilo Ferreira, Fabio Schvartsman, Luciano Siani Pires, Gerd Peter Poppinga, and Luiz Eduardo Froes do Amaral Osorio at the U. S. District Court for the Eastern District of New York.
brett-armitage-stephen-corran

Bridgewater (IOM) Ltd.: £225K Fine & Disqualification of Directors

Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £225,085 on financial services provider Bridgewater (IOM) Limited and disqualified Matthias Bolliger, Stephen Corran, and Brett Armitage as directors for regulatory breaches.

‘We’re appealing our fine and have surrendered our Malta license,’ writes Amagis Capital Services representative

Letter to OffshoreAlert from Andrea Vianelli, on behalf of Amagis Capital Services Ltd., requesting the removal from our website of a public notice by the Malta Financial Services Authority that it had imposed an administrative fine of €2,500 on the company for failure to submit its 2019 audited financial statements on time, adding that the fine will be appealed and that the firm has voluntarily surrendered its 'Company Services Providers' license.

Direct Lending Investments LLC et al v. Shinhan Bank Co. Ltd. et al: Complaint

Complaint to avoid a "fraudulent transfer" of $166 million regarding an allegedly fraudulent investment schemes involving, inter alia, funds in the Cayman Islands, Delaware, and Nevada in Bradley D. Sharp, as the Permanent Receiver for the Estate of Direct Lending Investments LLC, Direct Lending Income Fund LP, Direct Lending Income Feeder Fund Ltd., DLI Capital Inc., DLI Lending Agent LLC, and DLI Assets Bravo LLC and their successors, subsidiaries and affiliated entities v. Shinhan Bank Co. Ltd., Kookmin Bank Co. Ltd., Korea Securities Finance Corporation, Goldenbridge Asset Management Co. Ltd., JB Asset Management Co., Ltd., Korea Alternative Investment Asset Management Corporation, all of South Korea, and 33 Fund Defendants at the U. S. District Court for the Central District of California.

Direct Lending Investments LLC et al v. Daishin Securities Co. Ltd.: Complaint

Complaint to avoid a "fraudulent transfer" of $49.7 million regarding an allegedly fraudulent investment schemes involving, inter alia, funds in the Cayman Islands, Delaware, and Nevada in Bradley D. Sharp, as the Permanent Receiver for the Estate of Direct Lending Investments LLC, Direct Lending Income Fund LP, Direct Lending Income Feeder Fund Ltd., DLI Capital Inc., DLI Lending Agent LLC, and DLI Assets Bravo LLC and their successors, subsidiaries and affiliated entities v. Daishin Securities Co. Ltd., of South Korea, at the U. S. District Court for the Central District of California.

Demetrios Chomatas et al: €9K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Demetrios Chomatas and unidentified "members of his family, as well as the legal person which he owned at the particular period" have agreed to pay a total of €9,000 to settle a regulatory investigation.

Orbis Global Equity Fund Ltd. et al v. NortonLifelock Inc. et al: Complaint

Complaint alleging "a straightforward fraud in which Defendants misled investors about Symantec's financial performance and accounting practices" in Orbis Global Equity Fund Limited, of Bermuda; Orbis Global Equity Fund, of Australia; Orbis Institutional Funds Limited, of Bermuda; Orbis Global Equity LE Fund, of Australia; Orbis Institutional Global Equity LP, of Bermuda; Orbis SICAV, of Luxembourg; Orbis Optimal SA Fund Limited, of Bermuda; Orbis Institutional US Equity LP, of Bermuda; Orbis OEIC, of England; Orbis Optimal Global Equity LP, of Bermuda; Allan Gray Australia Balanced Fund, of Australia, and Orbis Global Balanced Fund, of Australia, all managed by Orbis Investment Management Limited, of Bermuda v. NortonLifelock Inc., f.k.a. Symantec Corporation; Gregory S. Clark; Nicholas R. Noviello, and Mark S. Garfield at the U. S. District Court for the District of Arizona.

Troy Hogg et al v. Stephen Braverman et al: Summons With Notice

Summons With Notice for damages of $395 million alleging fraud and misappropriation regarding a cryptocurrency scheme in Troy James Hogg, a citizen of Canada, individually, and Leila Holdings Ltd., of Bermuda, derivatively on behalf of Arbitrade Ltd., also of Bermuda v. Stephen Lance Braverman, Kent Mason Swig, Dignity Mining Group LLC, Charles Hamlin Woodworth, Daniel Francis Sweet, Coinmint LLC, of Puerto Rico; Prieur Leary, Hayden Gill, Max Warren Barber, William Richard Saunders, Shaun L. Heseltine, ABCOR International Ltd., of Belize; Scotia International of Nevada Inc., of Utah; SION Trading FZE, of the United Arab Emirates; Jeffrey Muller, Victor George Webb, G4S Cash Services LLC, of the United Arab Emirates; Peter Walters, Kaled Swlaiman Salem Bokhem, Silver Estate Management Ltd., of Wyoming; E. Warren Goss, and Impact Partners, of New York, at the Supreme Court of the State of New York, County of New York.

Amagis Capital Services Ltd.: €2.5K Fine

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,500 on Amagis Capital Services Ltd. for a regulatory breach.

StoneCo Ltd.: Directors

Director Details for StoneCo Ltd., obtained from the Cayman Islands General Registry.

Mare Services Ltd.: €500 Fine

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on Mare Services Limited.

Corpserv Ltd.: €2K Fine

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,000 on Corpserv Ltd. for a regulatory breach.

Ronald Ray v. StoneCo Ltd. et al: Class Action Complaint

Class Action Complaint alleging fraud in Ronald F. Ray v. StoneCo Ltd., described as a Cayman Islands-domiciled "provider of financial technology solutions" whose primary market is Brazil and whose shares are listed on NASDAQ; Thiago dos Santos Piau, Lia Machado de Matos, Rafael Martins Pereira, and Marcelo Bastianello Baldin at the U. S. District Court for the Southern District of New York.

Atom Corporate Services Ltd.: €500 Fine

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on Atom Corporate Services for a regulatory breach.

Romania: Bank of America

Application by the USA to collect evidence from the Bank of America - pursuant to a request for judicial assistance from Romania - for a criminal investigation into "unknown subjects for fraud".

T&S Capital: Restoration Application

Originating Application in the matter of T&S Capital, whose director is Sanjay Shah, at the Grand Court of the Cayman Islands.

IMOF LT Investors Ltd.: Petition

Petition in the matter of IMOF LT Investors Ltd. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

The Timeless Uranium Fund SICAV Plc: ‘New Liquidator’ Directive

Public Notice by the Malta Financial Services Authority that it has "directed" The Timeless Uranium Fund SICAV Plc, described as "a collective investment scheme targeting retail investors", to "take all the necessary steps to ensure that a new liquidator is appointed within one month".

The Timeless Precious Metals Fund SICAV Plc: ‘New Liquidator’ Directive

Public Notice by the Malta Financial services Authority that it has "directed" The Timeless Precious Metals Fund SICAV Plc, described as "a collective investment scheme targeting retail investors", to "take all the necessary steps to ensure that a new liquidator is appointed within one month"

Spanish Steps Holdings Ltd. v. Point Investments Ltd.: Judgment (Robert Brockman case)

Judgment setting out the Court's reasons for the appointment of Joint Provisional Liquidators for Point Investments Ltd. in Spanish Steps Holdings Ltd., described as being "ultimately wholly owned by the trustee of the A. Eugene Brockman Charitable Trust v. Point Investments Ltd., described as a Bermuda company that began life in the British Virgin Islands and has assets of $1.8 billion, "the vast majority of which are represented by investments in Cayman Islands funds", at Bermuda Supreme Court.

Jersey: James Patrick Gorton Baker

Application for the appointment of a Commissioner to collect evidence from Bank of America - pursuant to a request for judicial assistance from Jersey, in the Channel Islands - for a criminal investigation into James Patrick Gorton Baker for suspected money laundering involving the proceeds of an "investment scam".

Dr. Jonathan Levy v. OneCoin: News Release & Petition

News Release and Petition by Dr. Jonathan Levy, a lawyer based in England, "acting on behalf of investors and creditors of OneCoin", described as "one of the largest and most successful financial pyramids in history", seeking "an investigation of misfeasance by the Bulgarian government" for taking "no steps to seize assets from OneCoin including real estate, bank accounts, and 230,000 Bitcoins worth over €12 billion".

JSC BTA Bank v. Bank of America et al: Discovery Application (‘$7.5B Fraud’)

Application by JSC BTA Bank, of Kazakhstan, to take discovery from The Clearing House Payments Company LLC and "thirteen intermediary banks", namely Bank of America NA, Bank of China, The Bank of New York, BNP Paribas USA, Citibank NA, Commerzbank AG, Deutsche Bank Trust Company, HSBC Bank USA NA, JPMorgan Chase Bank NA, Société Générale AG, Standard Chartered Bank, UBS AG, and Wells Fargo Bank NA regarding Saint Vincent and the Grenadines-domiciled Panolos Limited for use in legal proceedings in England "against BTA Bank's former chairman, and primary shareholder, Mukhtar Ablyazov, upon BTA Bank's discovery that Ablyazov had illegally misappropriated as much as $7.5 Billion of BTA Bank’s assets and subsequently laundered the proceeds through multiple financial institutions all over the world", filed at the U. S. District Court for the Southern District of New York.

Coworth Investments Ltd. et al: Dubai FSA’s ‘Regulatory Clarification’

Dubai Financial Service Authority's "Clarification regarding the regulatory status" of Coworth Investments Ltd., Coworth Fintech Ltd., and Novus Fintech Ltd. Editor's Note: As previously reported by OffshoreAlert, Coworth and Novus are part of a group controlled by British fraudster Richard Fagan.

SEC v. Frederick Sharp: Notice of Default

Notice of Default in a complaint alleging investment fraud in U. S. Securities and Exchange Commission v. Frederick L. Sharp, a citizen of the United States residing in Vancouver, Canada, at the U. S. District Court for the District of Massachusetts.

SEC v. Ramiro Sugranes et al: Amended Complaint

Amended Complaint alleging fraud in U. S. Securities and Exchange Commission v. Ramiro Jose Sugranes, described as a citizen of Nicaragua residing in Miami, Florida; Lina Maria Garcia, a resident of Miami; UCB Financial Advisers Inc., of Florida, and UCB Financial Services Limited, of Chile, as Defendants, and Ramiro Sugranes Hernandez and Thelma Lanzas de Sugranes, residents of Nicaragua, as Relief Defendants, at the U. S. District Court for the Southern District of Florida.

Transnet SOC Ltd.: €15K Fine

Public Notice by the Luxembourg CSSF that it has imposed an administrative fine of €15,000 on Transnet SOC Ltd. for regulatory breaches.

LAVLE Holdings Inc.: ‘Court Supervision’ Petition

Petition for Court Supervision of a Voluntary Liquidation in the matter of LAVLE Holdings Inc. (in Voluntary Liquidation), described as a Cayman Islands-domiciled holding company with subsidiaries in Delaware, at the Grand Court of the Cayman Islands.

Bandera Master Fund LP et al v. Boardwalk Pipeline Partners LP et al: $690M Judgment

Memorandum Opinion awarding damages of $690 million in Bandera Master Fund LP, of the Cayman Islands; Bandera Offshore Value Fund Ltd., of the Cayman Islands; Bandera Value Fund LLC, Lee-Way Financial Services Inc., and James R. McBride, on behalf of themselves and similarly situated Boardwalk Pipeline Partners LP Unitholders v. Boardwalk Pipeline Partners LP, Boardwalk Pipelines Holding Corp., Boardwalk GP LP, Boardwalk GP LLC, and Loews Corp. at the Court of Chancery of the State of Delaware.

Kamil Kuklineski v. Binance Capital Management Co. Ltd. et al: Notice of Removal

Notice of Removal of a Class Action Complaint alleging unjust enrichment and violations of the Illinois Biometric Information Privacy Act in Kamil Kuplineski, a resident of Illinois v. Binance Capital Management Co. Ltd., d.b.a. Binance, described as a cryptocurrency exchange that is domiciled in the British Virgin Islands after being "initially founded in China" before moving to Japan, then Malta, and denying it was domiciled in the Cayman Islands; BAM Trading Services, d.b.a. Binance US, described as a Delaware company based in San Francisco, and Jumio Corporation at the U. S. District Court for the Southern District of Illinois.

SEC v. Terraform Labs Pte Ltd. et al: ‘Subpoena Compliance’ Application

SEC's application for an order to show cause and requiring compliance with subpoenas in U. S. Securities and Exchange Commission v. Terraform Labs Pte Ltd., described as "a Singapore-incorporated computer programming and digital asset company", and Do Kwon, of South Korea, at the U. S. District Court for the Southern District of New York.

Iosif Galea: €53K Fine

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €53,333 on Iosif Galea and ordered him to cease providing corporate services for regulatory breaches.

Taiwan v. Tammie Yang: Freeze Application

Application by the USA, on behalf of Taiwan, to freeze assets in the name of Yu-Chen Yang, a.k.a. Tammie Yang, at JPMorgan Chase & Co. that are believed to be the proceeds of bank fraud, filed at the U. S. District Court for the District of Columbia.

Oasis Investments II Master Fund Ltd. v. Duff & Phelps LLC et al: Discovery Application

Application by Oasis Investments II Master Fund Ltd. to take discovery from Duff & Phelps LLC, now known as Kroll LLC, and Duff & Phelps Securities LLC for use in an "appraisal proceeding" in the Cayman Islands involving China Biologic Products Holdings, Inc., described as "a plasma-based biopharmaceutical company headquartered in Beijing, China", filed at the U. S. District Court for the Southern District of New York.