Malta

Complaint in Paolo Ranuzzi de Bianchi and Cristina di Carpegna, each described as "a citizen of Italy and a resident of the Republic of Malta" v. Petróleos de Venezuela S.A., a.k.a. PDVSA, at the U.S. District Court for the Southern District of New York.

Complaint in Paolo Ranuzzi de Bianchi, described as "a citizen of Italy and a resident of the Republic of Malta" v. The Bolivarian Republic of Venezuela at the U.S. District Court for the Southern District of New York.

Citing insolvency and the need for a "full investigation" into its activities, Cayman Islands judge David Doyle has granted a petition to wind up crypto/forex investment firm AuBit International, which is suspected of committing a $160 million fraud.

Ex Tempore Judgment granting the plaintiffs' petition for a winding-up order in LedgerScore International Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described in the winding up petition as “retail investors who utilized an online cryptocurrency trading platform operated by the Company called “Freeway”, and who invested in Freeway’s Supercharger program” v. AuBit International at the Grand Court of the Cayman Islands.

Public Notice by the Malta Financial Services Authority that it has revoked the investment license of Westsphere SICAV Plc for regulatory breaches.

Judgment dismissing a petition for the appointment of restructuring officers in the matter of AuBit International at the Grand Court of the Cayman Islands.

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €419,997 on Alchemy Markets Limited, formerly NSFX Limited, for regulatory breaches.

Public Notice by the Malta Financial Services Authority that it has suspended the financial institution license of MTACC Ltd., which trades as ePayService, for regulatory breaches.

Winding Up Petition in LedgerScore International Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described as "retail investors who utilized an online cryptocurrency trading platform operated by the Company called "Freeway", and who invested in Freeway's Supercharger program" v. AuBit International at the Grand Court of the Cayman Islands.

Complaint for "repayment of more than $61,500,000.00" in IIG Structured Trade Finance Fund Limited (in Official Liquidation), of the Cayman Islands v. Sancor Cooperativas Unidas Limitada, of Argentina, and Sancor do Brasil Productos Alimenticios Ltda., of Brazil, at the U.S. Bankruptcy Court for the Southern District of New York.

Forfeiture Application regarding the "proceeds of a wire fraud/romance scheme, also known as 'pig butchering'" in USA v. 489,269.52 Tether on deposit in a Kraken account in the name of OSL SG Pte Ltd., described as a Singapore company established by "a United Kingdom citizen, Suzanne Jensen", at the U.S. District Court for the Eastern District of Wisconsin.

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.

Director Details for Freeway Reserves Foundation, obtained from the Cayman Islands General Registry on August 26th, 2023.

Director Details for Freeway Future Foundation, obtained from the Cayman Islands General Registry on August 26th, 2023.

Director Details for AIP Management, obtained from the Cayman Islands General Registry on August 26th, 2023.

Director Details for AuBit International, obtained from the Cayman Islands General Registry on August 25th, 2023.

Chapter 11 Petition by Vesttoo US Inc., Vesttoo Ltd., Vesttoo SPV Holdings LLC, Vesttoo Reinsurance Intermediary Services Inc., Vesttoo Asset Management LLC, Vesttoo Securities (USA) LLC, Vesttoo UK Ltd., Vesttoo Japan Co., Ltd., Vesttoo Korea Inc., Vesttoo Holdings Ltd., Vesttoo Hong Kong Limited, Vesttoo Malta Ltd., Vesttoo Malta Trading Ltd., Vesttoo Marketplace Ltd., Vesttoo Alpha Holdings Ltd., Vesttoo Bermudian Bay Ltd., Vesttoo Alpha P&C Ltd., Vesttoo Alpha Special Purpose Trust, Vesttoo Alpha Manager Ltd., Vesttoo Alpha P&C Fund GP L.P., Vesttoo Alpha P&C Fund L.P., Vescor Bay GP L.P., Vescor Bay L.P., Vesttoo Partners 101 L.P., Vesttoo Partners 102 L.P., Vesttoo Partners 103 L.P., Vesttoo Partners 104 L.P., Vesttoo Partners 105 L.P., Vesttoo Bay One Limited Partnership, Vesttoo Bay X Limited Partnership, Vesttoo Bay XI Limited Partnership, Vesttoo Bay XII Limited Partnership, Vesttoo Bay XIII Limited Partnership, Vesttoo Bay XIV Limited Partnership, Vesttoo Bay FIFTEEN Limited Partnership, Vesttoo Bay XVI Limited Partnership, Vesttoo Bay XVII Limited Partnership, Vesttoo Bay XVIII Limited Partnership, Vesttoo Bay XIX Limited Partnership, Vesttoo Bay XX Limited Partnership, Vesttoo Bay XXI Limited Partnership, Vesttoo Bay XXII Limited Partnership, Vesttoo Bay XXIII Limited Partnership, Vesttoo Bay XXIV Limited Partnership, Vesttoo Bay XXV Limited Partnership, Vesttoo Bay One Hundred Limited Partnership, Vesttoo Bay One Hundred One Limited Partnership, Vesttoo Bay One Hundred Two Limited Partnership, and Vesttoo Bay 103 Limited Partnership at the U.S. Bankruptcy Court for the District of Delaware.

Petition to Confirm a Foreign Arbitral Award in Vantage Mezzanine Fund II Partnership, acting through Vantage Mezzanine Fund II (Pty) Ltd., of South Africa v. John Eric Kodwo Taylor, described as "an individual of Ghanaian and Maltese nationality", at the U.S. District Court for the Southern District of New York.

Public Notice by the Malta Financial Services Authority that it has cancelled the Alternative Investment Fund Manager license of Agon Asset Management Limited for regulatory breaches.

The first version of the agenda for OffshoreAlert's 10th Annual London Conference on December 4-5 is now available. For more information about OffshoreAlert London 2023, sponsorship opportunities, and tickets, please visit www.oalondon.com.

Director Details for Folkvang Ltd., obtained from the Cayman Islands General Registry on July 24th, 2023.

First Amended Class Action Complaint in Michael Sizemore v. Changpeng Zhao, Binance Holdings Limited, of the Cayman Islands; BAM Trading Services Inc., of Delaware, USA; BAM Management US Holdings Inc., of Delaware, USA; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland; Paxos Trust Company LLC, of New York, USA; Jimmy Butler, described as "a star basketball player for the Miami Heat", and Ben Armstrong, described as "a YouTuber with more than 1.5 million subscribers to his YouTube page", at the U.S. District Court for the Southern District of Florida.

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €60,141 on IFINA SICAV Plc for regulatory breaches.

Public Notice by the Malta Financial Services Authority that it has cancelled the license of Nova Renewable Energy (Novare) Fund SICAV Plc for regulatory breaches.

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.

Chapter 15 Petition for Recognition of Foreign Main Proceedings in the Cayman Islands and Singapore by Angela Barkhouse, Kim Leck, and Luke Furler, all of Quantuma, as the Foreign Representatives of Atom Holdings (in Provisional Liquidation), AAX Asia Private Limited (Under Interim Judicial Management), and AAX Singapore Private Limited (Under Interim Judicial Management), described as being part of a group that "engaged in the cryptocurrency business, offering saving, spot, and futures trading", filed at the U.S. Bankruptcy Court for the Southern District of Florida.

Chapter 11 Petition by Desolation Holdings LLC, of Bellevue, Washington, USA; Bittrex, Inc., of Seattle, Washington, USA; Bittrex Malta Holdings Ltd., and Bittrex Malta Ltd., both of Malta, at the U.S. Bankruptcy Court for the District of Delaware.

South Africa's Vantage Mezzanine Fund has applied to collect 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.

Application by Vantage Mezzanine Fund II Partnership, described as a South African "investment fund that provides finance to high-risk businesses across Africa and in other developing jurisdictions", to take discovery from The Clearing House Payments Company LLC, Barclays Bank PLC, Citibank N.A., Deutsche Bank Trust Company Americas, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., The Bank of New York Mellon, The Northern Trust Company, f.k.a. The Northern Trust International Banking Corporation; UBS AG, and Wells Fargo Bank N.A. for use in legal proceedings in Bermuda, Italy, and Malta to enforce an arbitration award of US$59.4 million "against Mr. John Eric Kodwo Taylor", who was described as a citizen of Ghana and Malta and "executive chairperson of Surfline Communications Ltd., a Ghanaian company engaged in developing high-speed internet networks in Ghana", at the U.S. District Court for the Southern District of New York.

Complaint in Alley Maass Rogers & Lindsay PA, a Florida law firm v. Pretzel Limited, of Malta, and Pecunia Business Development Limited, of the British Virgin Islands, at the U.S. District Court for the Southern District of Florida.

Letter, with a Maltese court judgment attached, from Melvyn Mangion requesting the removal of content from OffshoreAlert's website regarding his corporate disqualification and a €1.1 million fine imposed on his firm, MPM Capital Investments Ltd., by the Malta Financial Intelligence Analysis Unit.

Claim Form regarding shares in ADA Property Ltd. in Hoss Holding Limited, of Malta v. Energy Concepts International Limited, of the British Virgin Islands, at the British Virgin Islands High Court.

Winding Up Petition in Kalaivani Kandesan, a resident of Singapore, and Ulf Parpart-Hergesell, a citizen of Germany v. Atom Holdings, which "carried on business as a cryptocurrency exchange", at the Grand Court of the Cayman Islands.

Criminal Indictment alleging fraud involving entities in, among others, Bermuda and Malta in USA v. Greg E. Lindberg at the U.S. District Court for the Western District of North Carolina.

Petition for Directions in the matter of Blue Horizon Structured Products SPC Limited (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

List of Creditors of 'FTX Trading Ltd. et al' crypto group, filed at the U.S. Bankruptcy Court for the District of Delaware.

Public Notice by the Malta Financial Services Authority that it has prohibited Karl Cini "from accepting any new positions" while "criminal proceedings against Mr. Cini are ongoing".

Public Notice by the Malta Financial Services Authority that it has prohibited Brian Tonna "from accepting any new positions" while "criminal proceedings against Mr. Tonna are ongoing".

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Estonia by Andres Hermet, as the Foreign Representative of Envestio SI Oü, described as an allegedly fraudulently-operated "holder and administrator of a crowdfunding platform which purportedly offered potential investors web-based intermediation of loans for businesses and real estate projects", filed at the U.S. Bankruptcy Court for the Southern District of Florida.

Writ of Summons in Victory Asset Management C.I. Ltd., of the Bahamas v. Trafalgar Multi Asset Trading Company Limited (in Voluntary Liquidation) and The Nascent Fund SPC, both of the Cayman Islands, at the Grand Court of the Cayman Islands.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €6,100 on Sovereign Pension Service Limited for regulatory breaches.

Forfeiture Complaint regarding the alleged proceeds of fraud in USA v. 1.10387626 Bitcoin seized from an account at Binance crypto exchange controlled by Patel Ankitbhai Ramanbhai, of India, at the U.S. District Court for the Eastern District of California.

Amended Complaint involving entities in the Bahamas, British Virgin Islands, Cayman Islands, and Malta in Pretzel Limited, of Malta v. Pecunia Business Development Limited, of the British Virgin Islands. and Alley Maass Rogers & Lindsay P.A., a Florida law firm, at the U.S. District Court for the Southern District of Florida.

Public Notice by the Malta Financial Services Authority that it has imposed a corporate disqualification on Lorraine Falzon for not being "fit and proper".

Public Notice by the Malta Financial Services Authority that it has imposed a corporate disqualification on Matthew Pace for not being "fit and proper".

Complaint in Pretzel Limited, of Malta v. Pecunia Business Development Limited, of the British Virgin Islands, at the U.S. District Court for the Southern District of Florida.

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.

Tenth Report of the Joint Official Liquidators of Cayman Islands-domiciled Traded Life Policies Fund and Diversified Settlements Fund, both in Official Liquidation.

Complaint in Brian Kang, individually and on behalf of SkyBlock LLC and Mid-Wilshire Consulting LLC; Prasad Hurra, David Kim, individually and on behalf of Blue Block Group; Artemo Verduzco, David Kwon, and Young Jae Kwon v. Hybrid Trade Limited, Asia Digital Asset Exchange, Allysian Sciences, Apolo Ohno, Rod Jao, and Eugenio Pugliese at the Superior Court of the State of California, County of Los Angeles.

Police in Malta are investigating lawyer Aron Mifsud Bonnici and businessman Yorgen Fenech regarding "the unlawful acquisition of firearms" on the "Dark Web" using Bitcoin. Details are contained in an application to collect evidence from crypto exchanges Poloniex and Coinbase that was filed at federal court in Delaware by the USA after receiving a request for judicial assistance from Malta.