Transcript of Decision in which U.S. District Judge Katherine Polk Failla granted crypto lawyer Kyle Roche's motion to withdraw and removed Roche Freedman law firm as interim class counsel in litigation styled as ‘In Re. Tether and Bitfinex Crypto Asset Litigation’ in David Leibowitz et al v. iFinex Inc., a.k.a. Bitfinex; DigFinex Inc., BFXNA Inc., BFXWW Inc., Tether International Limited, Tether Operations Limited, Tether Holdings Limited, all of the British Virgin Islands; Tether Limited, of Hong Kong; Ludovicus Jan van der Velde, a citizen of the Netherlands, and Giancarlo Devasini, a citizen of Italy, at the U. S. District Court for the Southern District of New York.
Criminal Indictment alleging "a fraud, illegal export and money laundering operation under the umbrella of NDA GmbH", described as "a privately-held industrial equipment and commodity trading company located in Hamburg, Germany", in USA v. Yury Orekhov, described as "a Russian national who resided in Germany and the United Arab Emirates"; Artem Uss, described as "a Russian national" and "the son of a Russian politician who served as the governor of Russia's Krasnoyarsk Krai region"; Svetlana Kuzurgasheva, a.k.a. Lana Neumann, a citizen of Russia; Juan Fernando Serrano Ponce, a citizen of Spain; Juan Carlos Soto, of Venezuela; Timofey Telegin, a citizen of Russia, and Sergey Tulyakov, of Russia, at the U.S. District Court for the Eastern District of New York.
Public Warning by the Swiss Financial Market Supervisory Authority that Aspen Asset Management AG is "suspected of conducting unauthorised activities in the financial market".
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.
Public Notice by the Malta Financial Services Authority that it was revoked the Alternative Investment Funds license of Italico Future Invest SICAV Plc for regulatory breaches.
Letter Motion by plaintiffs regarding a discovery dispute in a case styled as ‘Tether and Bitfinex Crypto Asset Litigation’ in David Leibowitz et al v. iFinex Inc., a.k.a. Bitfinex; DigFinex Inc., BFXNA Inc., BFXWW Inc., Tether International Limited, Tether Operations Limited, Tether Holdings Limited, all of the British Virgin Islands; Tether Limited, of Hong Kong; Ludovicus Jan van der Velde, a citizen of the Netherlands, and Giancarlo Devasini, a citizen of Italy, at the U. S. District Court for the Southern District of New York.
G.I. Globalinvestment Ltd. et al v. VP Fund Solutions (Luxembourg) SA et al: Judgment (Jurisdiction Challenge)
Judgment dismissing a jurisdiction challenge by VP Fund Solutions' entities in Luxembourg and Liechtenstein in a case in which "some wealthy Italian investors seek to recover losses which they suffered when investments they had made into a fund, which I shall call the Skew Base Fund, plummeted in value at the outset of the COVID pandemic" in G.I. Globalinvestment Ltd., Matteo Cordero di Montezemolo, and Luca Cordero di Montezemolo v. VP Fund Solutions (Luxembourg) SA and VP Fund Solutions (Liechtenstein) AG, as Defendants/Applicants, and XY ERS UK Limited, Skew Base Investments SCA RAIF, Skew Base Sàrl, Twinkle Capital SA, Daniele Migani, Federico Faleschini, Leader Logic Holding AG, and Leader Logic AG, as Defendants, at the High Court of Justice for England and Wales.
Criminal Indictment alleging conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to commit money laundering involving an alleged scheme to bribe officials in Ecuador and involving entities, accounts, and individuals in or from Ecuador, Italy, Panama, Spain, United Kingdom, Uruguay, and USA in USA v. Esteban Eduardo Merlo Hidalgo, described as a citizen of Ecuador and USA; Cristian Patricio Pintado Garcia, described as a citizen of Ecuador and Italy, and Luis Lenin Maldonado Matute, described as a citizen of Ecuador and Costa Rica, at the U.S. District Court for the Southern District of Florida.
Application for recognition of liquidation proceedings in the British Virgin Islands by Russell Crumpler and Christopher Farmer, as Joint Liquidators of Three Arrows Capital Ltd., a cryptocurrency hedge fund, at the High Court of the Republic of Singapore.
Armed with an English judgment for approximately $55 million, Italian soccer coach Antonio Conte has applied to liquidate British Virgin Islands-domiciled Kidman Asset Management - just three days after Kidman's owner, suspected fraudster Massimo Bochicchio, reportedly died in a motorbike accident in Italy.
Luxembourg “minority shareholder” seeks to “annul” €1.2B sale of Italy’s AC Milan soccer club to RedBird Capital
A Luxembourg minority shareholder in Italian soccer club AC Milan intends to file a lawsuit alleging fraud to "annul the improper sale of the club" for €1.2 billion to New York-based private investment firm RedBird Capital Partners, according to a discovery application filed at federal court in Manhattan.
Blue Skye Financial Partners Sàrl v. RedBird Capital Partners et al: Discovery Application (‘Fraudulent €1.2B Sale of AC Milan’)
Application by Blue Skye Financial Partners Sàrl, of Luxembourg, described as "an indirect minority shareholder" of "Italian professional soccer club" AC Milan, to take discovery from RedBird Capital Partners and Elliott Management Corporation for use in legal proceedings in Luxembourg to, inter alia, "annul the improper sale of the club" due to "fraud", filed at the U.S. District Court for the Southern District of New York.
Originating Application in Antonio Conte, an Italian professional soccer coach v. Kidman Asset Management Limited at the British Virgin Islands High Court.
Complaint "to collect unpaid federal civil penalty assessments and interest" from a "sophisticated taxpayer" who "established a maze of offshore entities to conceal his beneficial ownership of entities and foreign financial accounts holding millions of dollars", including those in the Bahamas, Guernsey, and Nevis, in USA v. Raymond Galliani, of Moraga, California, at the U.S. District Court for the Northern District of California.
Letter to OffshoreAlert from Emanuela Baj, a lawyer in Italy, threatening "action" if we did not remove from our database a company restoration application that her client, Roberto Ravano, filed at the British Virgin Islands High Court, claiming it breaches his "personal rights" and, bizarrely, that the information 'is not true'.
Application by Credendo - Short-Term Non-EU Risks, described as "a quasi-governmental insurance company headquartered in Belgium that provides credit insurance to companies in Italy through its branch office in Milan", to take discovery from DealDefenders LLC for use in "contemplated criminal proceedings" and "anticipated civil proceedings" in Italy involving a "suspected fraudulent insurance claim submissions" by "Milan-based Golem.com Srl, which provides products and services to the telecom industry", filed at the U.S. District Court for the District of Delaware.
Application by Webuild SpA, of Italy, and Sacyr SA, of Spain, described as "global construction firms specialized in building large works and complex infrastructure projects", to take discovery from WSP USA for use in "two investment arbitrations relating to major investments by Webuild and Sacyr in an international infrastructure project to build the Third Set of Locks Project for the Panama Canal", filed at the U.S. District Court for the Southern District of New York.
Class Action Complaint alleging fraud in Robert Glick v. Arqit Quantum Inc., formerly known as Centricus Acquisition Corp., described as a Cayman Islands-domiciled, London-based "cybersecurity company that has pioneered a unique quantum encryption technology"; David Williams, Nick Pointon, Carlo Calabria, Stephen Chandler, Manfredi Lefebvre d'Ovidio, VeraLinn Jamieson, Garth Ritchie, and Stephen Wilson at the U.S. District Court for the Eastern District of New York.
Class Action Complaint alleging negligence regarding the theft by hacking of cryptocurrency worth $55 million in Christian Sarcuni, of Italy; Pedro Cunha, of Portugal; Alexander Lloyd, a citizen of Canada and the United Kingdom; Skliar Viktor, of Ukraine; Marc Simon, of France; Pilici Rustam, of Moldova; Daniel Lu, of China; Clément Ométek, of France; Edison Ho, a citizen of China residing in Hong Kong; Kiro Aleksandrov, of Bulgaria; Jonas Wernecke, of Germany; Paolo Leite, of Brazil; Miras Issakhov, of Kazakhstan, and Daniele Penna, of Italy v. bZx DAO, described as "a purported Decentralized Autonomous Organization that is a general partnership" based in San Diego, California; Kyle Kistner, of San Diego, California; Tom Bean, of Alpharetta, Georgia; Hashed International LLC, of Wyoming; AGE Crypto GP LLC, of Nevada; Ooki DAO, described as "a purported Decentralized Autonomous Organization that is a general partnership" based in San Diego, California; Leveragebox LLC, of Delaware, and bZeroX LLC, of Delaware, at the U. S. District Court for the Southern District of California.
Winding Up Petition in IMG Media Limited, of London, England, described as being "part of the Endeavor Group, a global sports, events and talent management company" v. Suning Sports Group Limited, described as being "part of the Suning Group, a Chinese retail business", at the Grand Court of the Cayman Islands.
U.S. charges 17 entities that ‘swindled investors out of $100M+ in multiple securities fraud schemes’
Sixteen individuals and one company have been charged with securities fraud in New York regarding 'multiple schemes' that allegedly swindled more than $100 million from investors around the world. Those charged are from or operated in many onshore and offshore countries, including Antigua and Barbuda, Bahamas, Belize, British Virgin Islands, Bulgaria, Canada, Cayman Islands, Chile, Croatia, Denmark, France, Germany, Hungary, Italy, Monaco, Spain, Switzerland, Turkey, United Kingdom, and United States.
Post-Trial Memorandum Opinion in AlixPartners LLP, AlixPartners Holdings LLP, and AlixPartners Srl v. Giacomo Mori, of Italy, at the Court of Chancery of the State of Delaware.
Complaint alleging securities fraud involving individuals and entities in or from Belize, Bulgaria, Canada, Cayman Islands, Chile, Cyprus, Germany, Hong Kong, Hungary, Italy, Jersey, in the Channel Islands; Liechtenstein, Monaco, Singapore, Spain, Switzerland, United Kingdom, and USA in U. S. Securities and Exchange Commission v. Ronald Bauer, Craig James Auringer, Alon Friedlander, Massimilano Pozzoni, Daniel Mark Ferris, Petar Dmitrov Mihaylov, David Sidoo, and Adam Christopher Kambeitz at the U. S. District Court for the Southern District of New York.
Complaint in Northwest Boring Company Inc. v. Lloyd's of London Syndicates 1919, 2232, 5000, and 9531, Axis Specialty Europe Plc, Assicurazioni Generali SPA Great Lakes, Helvetia Swiss Insurance Company in Liechtenstein Ltd., Thompson Pipe Group, and TPG Pressure Inc. at the Superior Court of Washington, for King County.
Liquidator's Report regarding The Classic Car Fund Limited, The Classic Investment Fund Limited, and The Classic Car Fund Management Limited, all of Saint Vincent and the Grenadines.
‘Remove details of Italian criminal investigation into Mario Tonnarelli Grassetti or be sued,’ demands his lawyer
Letter from Rome-based lawyer Andrea Sciarrillo demanding the removal from OffshoreAlert's website of a publicly-available document filed at federal court in the United States regarding a criminal investigation into his client, Mario Tonnarelli Grassetti, in Italy for suspected "conspiracy, handling stolen goods, and smuggling" involving "fake Picasso etchings".
Criminal Information alleging securities fraud involving entities in Italy and the United States in USA v. Samuel J. Mancini at the U. S. District Court for the District of New Jersey.
Bahamas-based blockchain firm Delchain and four others, including Deltec Bank & Trust in the Bahamas and Suisse Finance in Switzerland, are being sued for $20 million in damages after the price of a digital token issued by fellow Bahamas firm Dreamr "crashed 93%" within three months of being listed on the Bittrex crypto exchange.
Decision Notice by the Dubai Financial Services Authority to publicly censure Paymentology Ltd., described as a British "payment technology solutions provider", for "disseminating misleading or deceptive information", specifically "by incorrectly claiming that it was licensed by the DFSA and had an office in the DIFC".
Chapter 15 Petition for Recognition of a Foreign Main Proceeding by Achille Onorato, as the Foreign Representative of Moby SpA, of Italy, which together with other Moby Group companies are "successful Italian ferry and cruise operators maintaining routes in both the Mediterranean and Baltic Seas", filed at the U. S. Bankruptcy Court for the Southern District of Florida.
Press Release by the U. S. Department of Justice announcing that Luis Enrique Martinelli Linares, described as "a citizen of Panama and Italy", has pleaded guilty "for laundering $28 million in connection with a massive bribery and money laundering scheme involving Odebrecht S.A., a Brazil-based global construction conglomerate".
Complaint alleging the defendants "engaged in fraudulent schemes to sell and cause to be sold publicly-traded stock to investors" in U. S. Securities and Exchange Commission v. Vincenzo Carnovale, described as "a resident of British Columbia, Canada, and a dual citizen of Italy and Canada", and Amar Bahadoorsingh, described as "a resident of British Columbia, Canada, and a dual citizen of the United Kingdom and Canada", at the U. S. District Court for the District of Massachusetts.
‘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., stating that the company intends to appeal a fine of €2,500 that was imposed by the Malta Financial Services Authority for failure to submit its 2019 audited financial statements on time and that the firm has voluntarily surrendered its 'Company Services Providers' license.
Amended Complaint “for unjust enrichment on behalf of thousands of creditors of the Schahin Group – a Brazilian oil and gas conglomerate with subsidiaries around the world, including in the United States – to recover more than $465 million that Defendants unlawfully obtained at those creditors’ expense” in AJ Ruiz Consultoria Empresarial S.A., solely as Judicial Administrator and foreign representative of Schahin Holding S/A, Agropecuária Alto do Turiassú Ltda, Agropecuária Maranhense S/A, Âmbar Empreendimentos e Participações S/C Ltda, Aquática Comunicações Ltda, Base Engenharia e Serviços De Petróleo e Gás S/A, Base Petróleo e Gas S/A, Companhia Ms De Participações, Companhia Schahin de Ativos, Companhia Schahin Securitizadora de Créditos Financeiros S/S Ltda, Construtora Mogno Ltda, Deep Black Drilling LLP, Foxborough Participações Ltda, Habitécnica Participações S/A, Habitécnica S/A Empreendimentos Imobiliários, Administração E Planejamento, HBF Participações Ltda, HHS Participações S/A, Intelis Automação e Controle Ltda, MTS Participações Ltda, S&S Holding Elétrica S/A, S2 Participações Ltda, Satasch Participações Ltda, SCH 14 Sondas de Produções Marítimas S/A, SCH07 Participações Ltda, SCH08 Participações Ltda, SCH13 Participações Ltda, SCH15 Participações Ltda, Schahin Administração e Informática Ltda, Schahin Ativos Companhia Schahin Securitizadora de Créditos Financeiros S/A, Schahin Capital SPE 1 S/A, Schahin Capital SPE 2 S/A, Schahin Desenolvimento Imobiliário S/A, Schahin Empreendimentos Imobiliários Ltda, Schahin Energia S/A, Schahin Participações Ltda, Schahin Securitizadora De Créditos Financeiros S/A, and SM Participações S/A v. Banco Bilbao Vizcaya Argentaria, S.A., of Spain; Banco Bilbao Vizcaya Argentaria, S.A., Grand Cayman Branch, of the Cayman Islands; Caterpillar Financial Services Corporation, of Delaware; Crédit Industriel et Commercial, of France; Deutsche Bank AG, London Branch, of England; Deutsche Bank Trust Company Americas, of New York; Hamburg Commercial Bank AG, of Germany; Intesa Sanpaolo, S.p.A., New York Branch; Itau BBA International Plc, of England; Mitsubishi Corporation, of Japan; Mitsubishi UFJ Lease & Finance (U.S.A.) Inc., of Delaware; Mizuho Bank, Ltd., of Japan; MS Drillship I S.A., of Panama; Nomura Corporate Funding Americas, LLC, of Delaware; Shinhan Bank, of South Korea; Standard Chartered Bank, of England, and UniCredit Bank AG, of Germany, at the U. S. District Court for the Southern District of New York.
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €31,740 on Investar Plc for failure "to publish the Annual Financial Returns for years ended 31 December 2017, 2018 and 2019 within the regulatory deadline".
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on RTS Advisory Limited for failing "to submit the Auditors’ Management Letter within the regulatory deadline".
Application for the appointment of a Commissioner to collect evidence from Paxful Inc., described as a cruptocurrency exchange - pursuant to a request for judicial assistance from Italy - for a criminal investigation into unknown persons for "illegally offering the sale of vials of counterfeit Pfizer Covid-19 vaccine".
Opinion and Order Granting in Part and Denying in Part Defendants' motions to dismiss a class action complaint known as "Tether and Bitfinex Crypto Asset Litigation" in which "a group of individual investors who purchased cryptocommodities - a class of crypto-assets that includes bitcoin - detailed a wide-ranging conspiracy to artificially inflate the price of those cryptocommodities" by entities in or from the British Virgin Islands, Hong Kong, Italy, Netherlands, Panama, and USA in Pinchas Goldshtein et al v. iFinex Inc., BFXNA Inc., BFXWW Inc., Tether Holdings Limited, Tether Operations Limited, Tether Limited, Tether International Limited, DigFinex Inc., Giancarlo Devasini, Ludovicus Jan van der Velde, Philip Potter, Reginald Fowler, Crypto Capital Corp., Bittrex, Inc., and Poloniex, LLC at the U. S. District Court for the Southern District of New York.
Complaint "about an Italian vulture investor, Antonello di Meo, and Morgan Stanley and its subsidiaries attempting to illegally acquire control of Moby S.p.A., one the world’s largest passenger shipping companies based in Italy" that is "headed by the Onorato family" in Moby SpA v. Morgan Stanley, Morgan Stanley & Co. LLC, Antonello di Meo, Massimo Piazzi, and Dov Hillel Drazin at the U. S. District Court for the Southern District of New York.
Order of Release on $80 million bond and other conditions in USA. Mark Gyetvay, the Chief Financial Officer of Russian gas producer Novatek who is apparently a citizen of Italy, Russia, and the United States, at the U. S. District Court for the Middle District of Florida.
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.