Order

SEC v. Jason Sugarman: Judicial Assistance (David Ezekiel, Mark Waddington & Valor Group Ltd.)

Order "issuing letters rogatory for International Judicial Assistance to the Supreme Court of Bermuda, requesting assistance to compel the production of documents and oral examinations for use at trial of David Ezekiel and Mark Waddington, and the production of documents from Valor Group, Ltd." for an enforcement action regarding Jason Sugarman's "fraudulent scheme to steal $43 million from unwitting pension funds to finance the acquisition of a global financial conglomerate of European and Bermuda insurers, and investment advisers based in Virginia and Connecticut" in U.S. Securities and Exchange Commission v. Jason Sugarman at the U.S. District Court for the Southern District of New York.

Aaron Leibowitz et al v. Tether et al: Disclosure Order

Order that the Bitfinex/Tether defendants produce financial records that "relate to the backing of USDT" in Aaron Leibowitz et al et al v. BFXNA Inc., BFXWW Inc., Bittrex, Inc., Crypto Capital Corp., Giancarlo Devasini, DigFinex Inc., Reginald Fowler, Global Trade Solutions AG, Poloniex, LLC, Philip G. Potter, Tether Holdings Limited, Tether International Limited, Tether Limited, Tether Operations Limited, iFinex Inc., and Ludovicus Jan van der Velde at the U.S. District Court for the Southern District of New York.

USA v. 69,370 Bitcoin et al: Forfeiture Judgment (‘Silk Road Investigation’)

Judgment and Order of Forfeiture in favor of the USA regarding crypto that "five parties" claimed ownership to, namely "Ross William Ulbricht, Caleb Bradberry, Roman Hossain, Lucas E. Buckley, First 100 LLC, Battle Born Investments Company LLC, and 1st One Hundred Holdings LLC" in USA v. Approximately 69,370 Bitcoin, Bitcoin Gold, Bitcoin SV, and Bitcoin Cash at the U.S. District Court for the Northern District of California.

Three Arrows Capital Ltd.: Chapter 15 Recognition Order

Order Granting Chapter 15 Recognition in the matter of Three Arrows Capital Ltd., a British Virgin Islands-domiciled, Singapore-based crypto hedge fund, at the U.S. Bankruptcy Court for the Southern District of New York.

The Family (Global Godfathers) SPC v. Oussama Ammar et al: Contempt Order

Contempt Order imposing fines totaling CI$150,000 on the Respondents in The Family (Global Godfathers) SPC, on its own behalf and on behalf of The Family (Freya) SP and The Family (Odin) SP v. Oussama Ammar, of Paris, France; Fabuleo Limited, of Hong Kong, and Aletheis, The First Limited, of Hong Kong, at the Grand Court of the Cayman Islands.

Three Arrows Capital Ltd.: Provisional Relief Order

Order Granting Emergency Motion for Provisional Relief by Russell Crumpler and Christopher Farmer, as the Foreign Representatives of Three Arrows Capital Ltd., a cryptocurrency hedge fund based in Singapore, at the U.S. Bankruptcy Court for the Southern District of New York.

Lea Perry et al v. Lopag Trust Reg. et al: ‘Litigation Funding Disclosure’ Order

Order regarding, inter alia, a litigation funding agreement in Lea Lilly Perry and Tamar Perry v. Lopag Trust Reg., of Liechtenstein; Private Equity Services (Curaçao) NV, of Curaçao; Fiduciana Verwaltungsanstalt, of Liechtenstein; Gal Greenspoon, Yael Perry, Dan Greenspoon, Ron Greenspoon, Mia Greenspoon, and Admintrust Verwaltungs Anstalt, of Liechtenstein, at the Grand Court of the Cayman Islands.

Daniel Veniez et al v. Graeme de Renzy et al: Consent Order ($16M)

Consent Order for $15.9 million involving the first five defendants in Daniel Veniez and Veniez Holdings Ltd., both of Canada v. Graeme de Renzy, described as a citizen of Ireland with an address in London, England; U.K. Capital Reserve Limited, of England; de Renzy Limited, of Ireland; Shopderenzy Limited, of Ireland; and Derenzy LLC, of Texas, USA; Euro-IB Limited, of England, and Alexander von Ungern-Sternberg, described as an "investment banker", at the Supreme Court of British Columbia, Canada.

CFTC v. Samuel Reed: $10M Settlement

Consent Order imposing a civil penalty of $10 million on Samuel Reed regarding the operation of the BitMEX cryptocurrency trading platform in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

CFTC v. Benjamin Delo: $10M Settlement

Consent Order imposing a civil penalty of $10 million on Benjamin Delo regarding the operation of the BitMEX cryptocurrency trading platform in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

CFTC v. Arthur Hayes: $10M Settlement

Consent Order imposing a civil penalty of $10 million on Arthur Hayes regarding the operation of the BitMEX cryptocurrency trading platform in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

USA v. Andrew Fahie: Order Granting Bond

Order Granting Bond to Andrew Fahie (Stayed until May 5th, 2022 pending an appeal by the USA) in USA v. Andrew Fahie, Premier of the British Virgin Islands, at the U. S. District Court for the Southern District of Florida.

Nuri Musaed Al Saleh et al v. Fawzi Musaed Al Saleh et al: Summons & TRO

Summons and Temporary Restraining Order in Nuri Musaed Al Saleh, of Kuwait, and Sandra Holding Ltd., of the Cayman Islands v. Fawzi Musaed Al Saleh, described as a citizen of Kuwait; Ahmed Fawzi Al Saleh, described as a citizen of Kuwait and the United Kingdom; Yasmine Fawzi Al Saleh, described as a citizen of Kuwait residing in the USA, and Farah El Merabi, described as a citizen of Lebanon residing in Kuwait, at Massachusetts Superior Court, for Middlesex County.

The Family (Global Godfathers) SPC v. Oussama Ammar et al: Freezing Order

Freezing Order in The Family (Global Godfathers) SPC, on its own behalf and on behalf of The Family (Freya) SP and The Family (Odin) SP v. Oussama Ammar, of Paris, France; Fabuleo Limited, of Hong Kong, and Aletheis, The First Limited, of Hong Kong, at the Grand Court of the Cayman Islands.

Jeremy Beck et al v. MV Advisory Ltd.: Order Appointing New Liquidators

Order releasing Eleanor Fisher and Tammy Fu as Joint Official Liquidators and appointing Karen Scott and Russell Homer, of Chris Johnson Associates Ltd., as Joint Official Liquidations in a case involving Margaritaville Beach Resort and Spa in Jeremy Beck, Emile van den Bol, Chris van den Bol, Lorraine Cona, iDream International Development Real Estate Asset Manager Ltd., Parham Cayman Properties Ltd., Sre-Supre Real Estate Ltd., Perpetual Breezes Ltd., Christopher Kearney, Grace Kearney, all of the Cayman Islands; Meryl Robertson, Jeffrey Saltiel, both of New York, NY, and Gabriel Schwartz, of Denver, CO v. MV Advisory Ltd. at the Grand Court of the Cayman Islands.

CFTC v. Casper Mikkelsen: Judgment ($4.7M)

Final Judgment and Order imposing financial penalties totaling $4.7 million regarding "a fraudulent scheme to solicit and misappropriate money from over 100 individuals" in Commodity Futures Trading Commission v. Casper Mikkelsen, of Denmark, at the U. S. District Court for the Southern District of New York.

USA v. Davie Rae: Opinion & Order Denying Relief From $1.8M Criminal Judgment

Opinion and Order denying the defendant's application for relief from a $1,775,000 criminal money judgment for his role in "an international medical fraud and money laundering scheme" in USA v. David Rae, a citizen of the United Kingdom, at the U.S. District Court for the District of New Jersey.

Leif-Erik Hvide v. Holt Financial Ltd.: Dismissal Order (Federal Court)

Order Dismissing Case Without Prejudice in Leif-Erik Hvide v. Holt Financial Ltd., of the Bahamas; Holdun Family Office (Bahamas) Limited, of the Bahamas; Holt Accelerator Inc., of Canada; Holt Accelerator LP, of Canada; Brendan Holt Dunn, a resident of the Bahamas; Margaret ‘Maggie’ Dunphy, of Montreal, Canada; Jan Christopher Arp, of Montreal, Canada, and Gordon Dempsey, of Toronto, Canada, of the U. S. District Court for the Southern District of Florida.

Steven Kowalski v. Brandon Ng et al: Order Dissolving Injunction

Order dissolving freeze injunction against Brandon Ng and Cookie Choi in Steven Paul Kowalski, a citizen of Australia residing in Dubai, United Arab Emirates v. Binance Holdings Ltd., of the Cayman Islands; BAM Trading Services Inc., d.b.a. Binance US, of Delaware; Binance Asia Services Pte Ltd., of Singapore; Payward Inc., d.b.a. Kraken; Payward Ventures Inc., of Delaware; Brandon Chun Yin Ng, described as a citizen of the United States residing in Texas; Hiu Lam Cookie Choi, described as a citizen of Hong Kong residing in Texas; Wai Kit Lo and Lee Kei Lau, described as citizens and residents of Hong Kong; Nurlan Neqmat Ogly Guliev and Oksana Aleksandrovna Dolgopolova, described as citizens and residents of Russia, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Green Sands Investment Club B LLC v. Crypto Lotus Fund A LP et al: Dismissal Order

Voluntary Dismissal of a complaint alleging fraud in Green Sands Investment Club B LLC v. Crypto Lotus Fund A LP, described in the complaint as a Delaware-domiciled “cryptocurrency hedge fund” with an affiliate in the Cayman Islands, and Jonas Lauren Norr, described as a resident of California, at the Superior Court of the State of California, in and for the County of Alameda.

Universal Enterprises Ltd.: Chapter 15 Recognition Order

Order granting a Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Eleanor Fisher, of the Cayman Islands, and Hani Bishara, of the United Arab Emirates, as the Foreign Representatives of Universal Enterprises Ltd. (in Official Liquidation), described in the petition as "an investment vehicle for six brothers [from Kuwait] for the purpose of making investments in the United States", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Universal Enterprises Ltd.: Discovery Order

Order granting a motion by Eleanor Fisher, of the Cayman Islands, and Hani Bishara, of the United Arab Emirates, as the Foreign Representatives of Universal Enterprises Ltd. (in Official Liquidation), for the issuance of subpoenas to Fawzi Musaed Al Saleh, Ahmad Fawzi Al Saleh, Yasmine Al Saleh, John I. Snow, III, Steve Leese, Quabbin Capital Inc., Shields & Company, Inc., Wilmer Cutler Pickering Hale and Dorr LLP, Loeb, Block & Partners LLP, KPMG LLP, Citibank, Credit Suisse, Bank of America, Royal Bank of Canada, Morgan Stanley, and Société Générale to conduct discovery for use in legal proceedings at the Grand Court of the Cayman Islands, filed at the U. S. Bankruptcy Court for the Southern District of New York.

SEC v. Joseph Cammarata et al: Freezing Order

Complaint in U. S. Securities and Exchange Commission v. Joseph Cammarata, Erik Cohen, David Punturieri, AlphaPlus Portfolio Recovery Corp., and Alpha Plus Recovery LLC at the U. S. District Court for the Eastern District of Pennsylvania.

Leo Middle East FZE et al v. Zhe Zhang et al: Dismissal Order

Order granting the defendants' motion to dismiss the complaint and denying the plaintiffs' motion to dismiss the crossclaim in Leo Middle East FZE, of the United Arab Emirates, and Leo Holdings Hong Kong Limited, of Hong Kong v. EWI Capital LLC, of Delaware, and Zhe Zhang, described as a resident of San Mateo County, California, USA, at the U. S. District Court for the Northern District of California.

SEC v. Gerald Fauth: Show Cause Order

Order to Show Cause in U. S. Securities and Exchange Commission v. Gerald Fauth at the U. S. District Court for the Southern District of New York. Editor's Note: Although the application in this case was filed under seal, it appears to be related to an investigation into whether U.S. Senator Richard Burr and members of his family, including Fauth, who is his brother-in-law, traded on non-public information gathered through his work in the Senate, as revealed last year by non-profit investigative news organization ProPublica.