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Florida-based U.S.-Russian investment manager Peter Kambolin has been criminally charged with conspiracy to commit commodities fraud at federal court in Miami involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA.

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 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.

British fraudster Brett Jolly - who is disqualified as a company director in the United Kingdom - has become a director of Cell Trader (Management) PCC in Mauritius alongside a lawyer and an accountant who were both involved in previous Jolly-controlled ventures in which investors lost more than £50 million, OffshoreAlert can reveal.

Russian retired mixed martial artist Khabib Nurmagomedov is suing California-based gaming platform firm LegionFarm for allegedly failing to pay him $1.8 million in revenue from the sale of non-fungible tokens of his likeness.

Bahamas-based, British "billionaire businessman and investor" and majority beneficial owner of Tottenham Hotspur Football Club in England, Joe Lewis, 86, has been criminally indicted in the United States on 19 counts of securities fraud between 2013 and 2021 involving publicly-listed companies in the U.S. and Australia.

The United States has seized $45 million in a U.S. bank account operated by Bahamas-based Deltec Bank & Trust that was allegedly used to launder the proceeds of crypto-based investment fraud and other scams, OffshoreAlert can reveal.

An anonymous United States citizen claiming to be "the original source of the Panama Papers" is suing the authorities in Germany for $14.5 million that is allegedly owed under the terms of a whistleblower agreement.

British/American retired investment banker Stephen Schechter has been criminally charged with tax evasion in the United States involving entities in the British Virgin Islands and bank accounts in Switzerland and Monaco, where he resides.

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.

Curaçao's International Global Bank NV intends to sue Swiss firm Consulting and Services Associate SA for "fraudulent misrepresentations" regarding an "OFAC Certification" in a dispute that appears to be linked to sanctions evasion involving Venezuela's state-owned oil and natural gas company PDVSA.

Depositors claiming to be owed $38 million have applied to wind up the Cayman Islands branch of California-headquartered Silicon Valley Bank at the Grand Court of the Cayman Islands.

Nearly three months after they were criminally indicted in the United States for allegedly perpetrating a $150 million securities fraud with the help of a Cayman Islands brokerage - Valor Capital - operated by a citizen of Latvia, Joseph Padilla and Kevin Dills have been sued for fraud by the Securities and Exchange Commission.

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.

The former wife of 59-year-old Finnish venture capitalist Jari Ovaskainen is seeking to enforce a CHF125 million Swiss judgment against him in the Cayman Islands, where he resides.

A Singapore-based investor has applied to wind up Cayman Islands-domiciled, Taiwan-based Coinful Capital Fund SPC, which is operated by Carlos Salas and Stephen Lynch, alleging the Fund has failed to redeem shares valued at US$12.5 million.

Cayman Islands-domiciled, Hong Kong-based Regan International Growth Fund SPC - whose controlling person appears to be Hailong Li - has collapsed with an estimated insolvency of $23.6 million.

The Cayman Islands liquidators and Singapore judicial manager of three firms whose group - which also includes entities in Hong Kong, Malta, and Seychelles - allegedly perpetrated a $30 million fraud via its Atom Asset Exchange (AAX) crypto platform have applied for Chapter 15 bankruptcy recognition in the United States.

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.

Canadian Jack Stroll has sued Antigua and Barbuda's Attorney General after the local Government allegedly failed to honor an agreement to redeem a US$10 million Treasury Bill whose proceeds were intended to settle a debt owed by Antigua's oldest offshore bank, Global Bank of Commerce.

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'.

In what is likely to be bad news for former British Virgin Islands Premier and accused narcotics trafficker and money launderer Andrew Fahie, a change of plea hearing has been set for one of his co-defendants, 32-year-old Kadeem Maynard, meaning it's likely that Maynard has agreed to cooperate with prosecutors.

Three U.S.-based Turkish citizens who claim they were targeted for “politically motivated persecution” by Turkey’s government have filed a class action complaint against the U.S. operator of 'Know Your Customer' database World-Check for allegedly “flagging” them as terrorists.

Chicago-based Tyche Asset Management boss Phillip Galles has been arrested in the United States following criminal and regulatory charges that he perpetrated a $6 million Ponzi scheme via his investment funds in the Cayman Islands and Delaware.

South Africa's Vantage Mezzanine Fund has applied for evidence from banks in the United States for use in legal proceedings in Bermuda, Italy and Malta to collect on a $59 million arbitration award against Ghanaian businessman John E. Taylor, who is Executive Chairman of Internet service provider Surfline Communications.

Aon Insurance Managers in Bermuda is being sued for $2.8 million at federal court in the United States by U.S.-based shareholders who claim their dividends were negligently distributed to hackers posing as them.

Singapore aircraft owner BOC Aviation has been awarded damages of $406 million against Russian cargo airline AirBridgeCargo Airlines and its Dutch parent, Volga-Dnepr Logistics, for defaulting on leases for three Bermuda-registered Boeing 747s in the aftermath of Russia's invasion of Ukraine last year.

American "finance professionals" Matthew Stein and Jerome Lhote have filed a complaint in New York against the Danish Tax Authority for allegedly breaching an agreement to settle a DKK 1.1 billion tax refund fraud investigation in a manner that they claim contributed to them being criminally charged two years later.

Iraq has filed a petition at federal court in the United States to enforce a $1.5 billion foreign arbitration award that it obtained earlier this year against Turkey regarding a crude oil pipeline agreement.

Ukraine's Platinum Bank, which collapsed in 2017 while under the alleged control of Gryhoriy Gurtovy and Boris Kaufman, has applied for Chapter 15 bankruptcy recognition in the United States as its administrator seeks to recover at least $265 million that was allegedly misappropriated by insiders.

Ukraine's state-owned Oschadbank, a.k.a. State Savings Bank of Ukraine, has filed a petition at federal court in the United States to confirm a $1.1 billion French arbitration award against Russia for losses it incurred as a result of Russia's invasion of Crimea in 2014.

FTX U.S. is suing the group's Bahamas arm and its liquidators - Brian Simms, Kevin Cambridge and Peter Greaves - in a legal battle over where the fraudulently-operated crypto group will be liquidated.

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.

A £5 million asset freeze order has been entered in Gibraltar against local accountant Karel Manasco - who is currently involved with a crypto trading firm called BitQuin - following allegations that he misappropriated millions of pounds and euros from Mansion Gibraltar online gaming firm while serving as its CEO and CFO.

In a case that bears the hallmarks of an advance-fee fraud, a Cyprus company that allegedly paid €1 million for a €5 million loan that never materialized has applied to liquidate the intended lender, a British Virgin Islands purported investment firm operated by London-based Swedish national Gunnar Engstrom.

Bahamas-based Deltec Bank and Trust and its chairman, Jean Chalopin, are among 18 defendants being sued in Florida for allegedly "aiding and abetting" an alleged $8 billion fraud by Sam Bankman-Fried's FTX crypto group. Other defendants include Silvergate Bank, Signature Bank, and Moonstone Bank.

Three Standard & Poor's entities in England and the United States are being being sued for $5.1 billion in the Cayman Islands regarding alleged investment losses suffered by Fortis Bank as a result of 'deceitful' S&P ratings of collateralized debt obligations.

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.

Well-known crypto investor Roger Ver, who renounced his U.S. citizenship in 2014 and became a citizen of Saints Kitts and Nevis, is being sued for $20 million by a British Virgin Islands-domiciled affiliate of insolvent crypto lender Genesis for "failure to settle cryptocurrency options transactions".

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".

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.

Claiming it cannot redeem an investment of more than US$91 million, Hong Kong-based CMB International Securities has applied for Receivers to be appointed for an "insolvent" segregated portfolio of Eric Wang's Cayman Islands mutual fund Oakwise Value Fund that invested in "the real estate market in China".

New York-based international law firm Proskauer Rose, which employs approximately 800 attorneys, is suing its recently-departed Chief Operating Officer, British national Jonathan O'Brien, for "theft of Proskauer's trade secrets and other confidential and proprietary information", describing him as "a crafty plotter".

A wine-based investment group based in Bermuda and England and controlled by Canadian Rodney Birrell and Briton Andrew della Casa has been accused of impropriety by an investor and appears to be insolvent by at least £7.8 million, OffshoreAlert can reveal.

The Bermuda Monetary Authority and two of its employees - Gerald Gakundi and Susan Davis-Crockwell - are being sued for $25 million in California for allegedly rejecting U.S.-based Newpoint Financial Corp's proposed acquisition of Bermuda's Citadel Reinsurance Company after, among other things, receiving information from "the Gibraltar Regulatory Authority".

Eight entities in Delaware and one in Bermuda (formerly in the Cayman Islands) that comprise the BlockFi crypto lending and financial services group have filed for Chapter 11 bankruptcy protection in New Jersey.

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.

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.

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.

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.