Channel Islands

Credit Suisse (Guernsey), three of its trust officers and a BVI-domiciled IBC are being sued for allegedly concealing the proceeds of corruption by former Ukraine Prime Ministers Pavlo Lazarenko and Yulia Tymoshenko and avoiding paying debts, including an $18 m judgment. At least $2.6 m in "bribes" went into accounts at Barclays Bank, in the Cayman Islands, it was alleged.

Complaint in Universal Trading & Investment Co, Inc., and Foundation Honesty International, Inc., both of Massachusetts, v. Credit Suisse AG, of New York; Credit Suisse (Guernsey) Ltd., of Guernsey; Credit Suisse Trust Ltd., of Guernsey; Philip John Glanfield, of Guernsey; Pamela Freda Kay Le Cheminant, of Guernsey; and Julia Rosalind Church, of Guernsey, at the U. S. District Court for the Southern District of New York.

Complaint in Universal Trading & Investment Co., Inc., of Massachusetts, v. Bassington, Ltd., of the British Virgin Islands, at the U. S. District Court for the District of Massachusetts.

Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Michael R. Balboa and Gilles T. De Charsonville at the U. S. District Court for the Southern District of New York.

Government's Sentencing Memorandum in USA v. William H. Nurick at the U. S. District Court for the Central District of California.

Complaint in Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko at the U. S. District Court for the Southern District of New York.

Originating Summons in Rothschild Trust Guernsey Limited v. Mary Elsa Sonia Echavarria Lince, Daniel Echavarria Arango, Valentina Echavarria Arellano, Camila Echavarria Arellano, Paula Echavarria Arango, Salvador Vidal Echavarria, Bautista Vidal Echavarria, and Andrew Law at the Grand Court of the Cayman Islands.

Superseding Indictment by the USA against Arvind Ahuja at the U. S. District Court for the Eastern District of Wisconsin.

USA's Motion For Leave to File First Amended Complaint in a civil complaint filed by the USA against PokerStars, Full Tilt Poker, Absolute Poker, Ultimate Bet, Oldford Group Ltd., Rational Entertainment Enterprises Ltd., PYR Software Ltd., Stelekram Ltd., Sphene International Ltd., Tiltware LLC, Kolyma Corporation AVV, Pocket Kings Ltd., Pocket Kings Consulting Ltd., Filco Ltd., Vantage Ltd., Ranston Ltd., Mail Media Ltd., Full Tilt Poker Ltd., SGS Systems Inc., Trust Services Ltd., Fiducia Exchange Ltd., Blue Water Services Ltd., Absolute Entertainment SA, Blanca Games Inc. of Antigua, Raymond Bitar, Howard Lederer, Christopher Ferguson, a.k.a. Jesus Ferguson; and Rafael Furst at the U. S. District Court for the Southern District of New York.

Luisa Victoria Cabral Smith - Public Statement - Jersey Financial Services Commission - September 7, 2011

Memorandum of Decision on Petition for Recognition and Related Relief filed by the liquidators of Millennium Global Emerging Credit Master Fund Limited and Millennium Global Emerging Credit Fund Limited at the U. S. Bankruptcy Court for the Southern District of New York.

Judgment in a case styled as 'Weavering Macro Fixed Income Fund Limited (in Liquidation) vs. Stefan Peterson and Hans Ekstrom' at the Grand Court of the Cayman Islands.

Affidavit of Chrystelle Cavernes, of Societe Generale Private Banking (Monaco), regarding a charge by Societe Generale Private Banking (Monaco) over one share in Stellar Yachting Limited, filed at the Grand Court of the Cayman Islands.

Limited Objection by BCP Securities, LLC to Motion for Provisional Relief filed by the liquidators of Millennium Global Emerging Credit Master Fund Limited and Millennium Global Emerging Credit Fund Limited at the U. S. Bankruptcy Court for the Southern District of New York.

Derivative Complaint filed by Daniel Silverstein, derivatively on behalf of Tetragon Financial Group Ltd. vs. Byron Knief, Rupert Dorey, David Jeffreys, Lee Olesky, Greville VB Ward, Patrick Dear, Reade Griffith, Alexander Jackson, Jeff Herlyn, Michael Rosenberg, David Wishnow, Tetragon Financial Management LP, Tetragon Financial Group Ltd., and Polygon Investment Partners LLP at the U. S. District Court for the Southern District of New York.

Timothy John Tindall - Public Statement - Jersey Financial Services Commission - July 6, 2011

Class Action Complaint filed by Steve Segal, Nick Hammer, Robin Hougdahl, and Todd Terry against Raymond Bitar, Nelson Burtnick, Full Tilt Poker Ltd., Tiltware LLC, Vantage Ltd., Filco Ltd., Kolyma Corp. AVV, Pocket Kings Ltd., Pocket Kings Consulting Ltd., Ranston Ltd., Mail Media Ltd., Howard Lederer, Phil Ivey, Christopher 'Jesus' Ferguson, John Juanda, Jennifer Harman-Traniello, Phillip Gordon, Erick Lindgren, Erik Seidel, Andrew Bloch, Mike Matusow, Gus Hansen, Allen Cunningham, and Patrik Antonius at the U. S. District Court for the Southern District of New York.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Michael Morrison, Charles Thresh, and Richard Heis, as the Foreign Representatives of Millennium Global Emerging Credit Master Fund Limited and Millennium Global Emerging Credit Fund Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Indictment by the USA against Arvind Ahuja at the U. S. District Court for the Eastern District of Wisconsin.

Originating Summons filed by Mary Elsa Sonia Echavarria Lince against Rothschild Trust Guernsey Limited, Daniel Echavarria Arango, Valentina Echavarria Arellano, Camila Echavarria Arellano, Paula Echavarria Arango, Salvador Vidal Echavarria and Bautista Vidal Echavarria at the Grand Court of the Cayman Islands on May 17, 2011.

The Cayman Islands and Guernsey operations of Butterfield Bank are being sued for $561,863 by the Bankruptcy Trustee of a Cayman Islands domiciled hedge fund.The complaint was filed at the U. S. Bankruptcy Court for the Northern District of Illinois

A breakdown by jurisdiction and amounts of accounts held at Stanford International Bank.

Amended Petition 'In the Matter of Gartmore Group Limited' at the Grand Court of the Cayman Islands.

First Amended Complaint filed by the liquidators of Fairfield Sentry Limited, Fairfield Lambda Limited, and Fairfield Sigma Limited against Hambros Guernsey Nominees, a.k.a. Hambros (Guernsey Nominees) Limited; SG Hambros Nominees (Jersey), a.k.a. SG Hambros Nominees (Jersey) Limited; SG Hambros Bank (Channel Islands) Limited; and SG Hambros Bank & Trust (Guernsey) Ltd. at the U. S. Bankruptcy Court for the Southern District of New York.

Amended Originating Summons filed by RBC Trust Company (Jersey) Limited and Regent Capital Trust Corporation Limited against Roberta S. Edgar, Holly Holbrook Samuel Jiminez, Jemima Holbrook Samuel Edgar, Maximilian Holbrook Samuel Edgar, Gaia Edgar (nee Geddes), Zena Holbrook Samuel Glenday, Samuel Benjamin Holbrook, Shem Isaac Jiminez, Asia Thebeth Jiminez, Thebez Tafara Jiminez, Hebe Sophie Edgar, William Edgar Glenday, Sarah Edgar, Elizabeth Stevens (nee Lloyd Johnes), Geoffrey Fynes-Clinton-Stevens, Alexander Stevens, Georgina Ruthven (nee Stevens), Pelham Stevens, Anne Robertson, Duncan Robertson, Jacquetta Robertson, and Tara Paterson (nee Goldsmid) at the Grand Court of the Cayman Islands.

Re Re Amended Winding Up Petition filed In the Matter of Heriot African Trade Finance Fund Limited at the Grand Court of the Cayman Islands.

Amended Notice of Originating Motion filed In the Matter of Heriot African Trade Finance Fund Limited at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Kenneth Krys and Timothy Le Cornu, as the Foreign Representatives of Sextant Strategic Hybrid2Hedge Fund Ltd., at the U. S. Bankruptcy Court for the Southern District of Florida.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by Toby Wooldridge, as the Foreign Representative of Hiscox Insurance Company Limited, Baloise Insurance Ltd., City International Insurance Company Limited, Dowa Insurance Company (Europe) Limited, East West Insurance Company Limited, Fuji International Insurance Company Limited, KX Reinsurance Company Limited, Metropolitan Reinsurance Company (UK) Limited, Moorgate Insurance Company Limited, Nippon Insurance Company of Europe Limited, Polygon Insurance Company Limited, Swiss Re International SE, UK Branch, and Tower Insurance Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Amended Writ of Summons and Statement of Claim filed by Helmsman Limited and The Hotham Trustee Company Limited against The Bank of New York Trust Company (Cayman) Limited at the Grand Court of the Cayman Islands.

Writ of Summons in Ascot Corporate Name Limited, on behalf of Lloyd's Syndicate 1414; Faraday Capital Limited, on behalf of Lloyd's Syndicate 435; Simon King, on behalf of Lloyd's Syndicate 2010; Wurttembergische Versicherung AG, Ecclesiastical Insurance Office, Simon White, on behalf of Lloyd's Syndicate 1200; Richard Harries, on behalf of Lloyd's Syndicate 609; Talbot 2002 Underwriting Capital Ltd., on behalf of Lloyd's Syndicate 1183; Catlin Syndicates Ltd., on behalf of Lloyd's Syndicate 2003; Brit Underwriting Ltd., on behalf of Lloyd's Syndicate 2987; and Catlin Underwriting Agencies Ltd., on behalf of Lloyd's Syndicate 2020 v. Embassy Investments Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in Cayman Islands Monetary Authority v. Sextant Strategic Global Water Fund Offshore Ltd. and Sextant Strategic Hybrid2Hedge Resource Fund Offshore Ltd. at the Grand Court of the Cayman Islands.

Petition In the Matter of K2 Corporation at the Grand Court of the Cayman Islands.

Petition filed In the Matter of Juno Mother Earth Resources Fund, Ltd. at the Grand Court of the Cayman Islands.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia for suspected tax fraud involving Texcontrol Limited.

Writ of Summons in Renova Resources Private Equity Limited v. Brian Gilbertson, Pallinghurst (Cayman) General Partner LP (GP) Limited, Pallinghurst (Cayman) General Partner LP, Pallinghurst Resources Management LP, and Autumn Holdings Asset Inc. at the Grand Court of the Cayman Islands.

US Senator John Kerry intends to look into offshore tax evasion; First Curacao International Bank to "start repatriating" frozen assets; UK Government commissions review of offshore financial centers' Condor Insurance sued in California; and US criminally indicts Raoul Weil, Chairman and CEO of UBS Global Wealth Management and Business Banking and a member of the Swiss bank's Group Executive Board.

The current global economic crisis has prompted the United Kingdom Government to commission an "independent review" of all British Crown Dependencies and Overseas Territories that serve as offshore financial centers.Details of the review, which is due to be completed by

More details have emerged about a criminal investigation into two Channel Islands-based companies and their directors, including an Acting Magistrate, who are suspected of defrauding local investors of approximately £2.5 million in an alleged Ponzi scheme that involved property in the United States and a British Virgin Islands-domiciled shell company that was administered in Switzerland.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Jersey in the Channel Islands into Ian Michael Christmas, John Lewis, Eric Sydney Evans, James Cameron, Russell Foot, De Lec Limited, Sunstone Holdings Limited and Goldridge Stone Ltd. for suspected investment fraud.

Complaint in Europlan Financial Services, Ltd., as Trustee for Ormond Trust, and Deborah Richdale v. Rene Hamouth, True Product ID, Inc., Hamouth Family Trust, William R. Dunavant, Richard Specht, and Wilson W. Hendricks III at the U. S. District Court for the Eastern District of Pennsylvania.

A Virginia-based investigation and security consulting firm turned its resources on one of its own senior officers - a Guernsey-based former British paratrooper - in order to expose his activities as a 'double agent' who was working on behalf of a British Virgin Islands-domiciled competitor he had secretly set up, it has been claimed. Vance International Inc., a.k.a. GardaWorld, claims its internal investigation discovered that, while serving as Vance's Managing Director, International Security Operations, Paul Wood was conspiring with two of his Vance colleagues, Dennis Trussler and John Lee, to steal Vance's trade secrets, poach key staff and solicit its clients - all for the benefit of Vida Elan Limited, which they had established in the BVI.

An account at Cayman National Bank was used by an Italian family to help defraud a state supported Italian bank out of approximately US$576 million in a scheme that also involved bribing a judge to fix litigation, it has been

James Fontanetta, a former director of Cayman Islands-based SEGOES Services Ltd., f.k.a. SEGOES Securities Ltd., has been so helpful to the company's liquidators that they have agreed to apply to set aside a default judgment that they obtained against him at the Grand Court of the Cayman Islands; and Regulatory warnings around the world.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Australia into Brian Millwood Smith and Stuart Adrian Corp. for alleged fraud regarding their holdings in two public companies, Welcome Stranger Mining Company NL and Hallmark Gold NL.

The United States Government has applied to seize $9.75 million in allegedly criminal proceeds from two accounts at the Guernsey branch of Bank Julius Baer.The Government claims the money represents the proceeds of insider trading conducted by an employee of Credit Suisse in New York and an accomplice.

Nearly six years after being forced into Receivership and then provisional liquidation, Suisse Security Bank & Trust Limited has finally gone into official liquidation in the Bahamas; MBNA America Bank NA obtained an order of garnishment at the Circuit Court for the 11th Judicial Circuit, Miami-Dade County, Florida on October 30, 2006 that allows it to garnish assets up to $44,143, plus costs of $198, at Eastern Financial Bank that are beneficially owned by St. Kitts-based financial services provider M. Irvin BonCamper; The Swedish Financial Services Authority, known as Finansinspektionen, has issued a public warning about Charterhouse Trust Credit Union, which was exposed by OffshoreAlert as long ago as May 31, 2002; An order to compulsorily wind-up International Alliance Insurance Limited was entered at the Royal Court of Guernsey on April 4, 2006, with Anthony Christian Pickford and James Robert Toynton, of Chandlers Limited, appointed joint liquidators; and The U. S. SEC announced on November 28, 2006 that the U. S. District Court for the Southern District of New York entered a preliminary injunction on November 14, 2006 barring Ian Scott from pursuing litigation in the Federation of St. Kitts and Nevis.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in St. Vincent and the Grenadines by Malcolm Butterfield, Brian Glasgow, and Simon Whicker, as the Foreign Representatives of Tri-Continental Exchange Ltd., Combined Services Ltd., and Alternative Market Exchange Ltd., at the U. S. Bankruptcy Court for the Eastern District of California.

A 13 month old criminal indictment against two individuals and two corporations involved in offshore gaming has been unsealed in the United States. Defendants William Paul Scott, 65 Jessica Pauline Davis Dyett, 35 Soulbury Ltd., a “bearer share” corporation formed

Nicolas Eugene Grant St. James charged with cannabis possession in UK, a look at the record of criminal-friendly judge Jon Isaacs in the Bahamas, liquidator of Suisse Security Bank and Trust charges creditors extra if they want to receive his creditors' reports, long after denying it, Marcus Queree acknowledge's fraudster Robert Raven's involvement in the group of companies known as 'Sidera'; and a look at CFTC Chairman Reuben Jeffery III's role in one of the biggest insurance frauds in history.