Cyprus

Truth and reality will be on display at next week’s OffshoreAlert London conference. Some will like it, some will not, but both will benefit from hearing it. Our eclectic and […]

The financial dealings of Russian oligarch Roman Abramovich, particularly his newly revealed offshore structures, are set to be a key focus at the upcoming OffshoreAlert conference in London. These revelations, part of the 'Cyprus Confidential' investigative project, have shed light on complex financial arrangements involving high-profile individuals.

A series of major investigative news articles from a project known as 'Cyprus Confidential' will be breaking globally this week and, to accommodate this significant development, a session on it has been added to the agenda of next month's OffshoreAlert London conference. December 4-5, Leonardo Royal London St. Paul's, London.

Liquidation Petition regarding an alleged debt of $4 million and allegations of "suspicious or fraudulent activities" in Ayers Alliance Financial Group Limited, of Cyprus v. City Credit Asset Management Co. Ltd. at the Grand Court of the Cayman Islands.

Application for the appointment of a Commissioner to collect evidence from UPS - pursuant to a request for judicial assistance from Cyprus - for a criminal investigation into Petros Zacharia and Anatoli Angelov for "conspiracy to commit a felony and illegal importation and possession of controlled drugs with the intention to supply them to others".

Complaint alleging misappropriation of trade secrets, fraud, and unfair competition in CipherBlade LLC, of Pennsylvania, USA, described as "a blockchain investigation company that investigates cryptocurrency-related matters, often involving cybercrime" v. CipherBlade LLC, of Alaska, USA; Manuel Kriz, of Cyprus; Michael Krause, of Cyprus; Jorn Henrik Bernhard Janssen, of Cyprus; Justin Maile, of Cyprus; Ioana Vidrasan, CipherBlade APAC Pte Ltd., of Singapore; Jussi Aittola, of Singapore; Omega3Zone Global Ltd., of Cyprus; Paul Marnitz, of Cyprus; Inquisita Solutions Ltd., of Cyprus, and Green Stone Business Advisory FZ LLC, of the United Arab Emirates, at the U.S. District Court for the District of Alaska.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the "operation licence" of KMG Capital Markets Ltd., described as a "Management Company of Open-ended Undertakings for Collective Investment in Transferable Securities", because "it has not made use of the license within twelve months since the granting of the license was notified to it".

Complaint for the extradition of Kyriacos Photiou from the USA to Cyprus to face charges of fraud and obtaining goods by false pretenses, filed at the U.S. District Court for the Eastern District of New York.

Public Notice by the Cyprus Securities and Exchange Commission that it has deleted Binance Cyprus Ltd. from the "Register of Service Providers of Crypto-assets" because "it has not provided services on Crypto-assets for a continuous period of six months".

Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the voting rights of Alfa-Bank JSC, of Russia, regarding Alfa Capital Markets Ltd., of which Alfa-Bank is the "sole direct shareholder".

Ordinary Application in DCI Holdings One Ltd. v. Single Purpose Vehicle Three Limited, of Cyprus, at the British Virgin Islands High Court.

Ordinary Applicat in DCI Advisors Ltd. v. Single Purpose Vehicle Three Ltd., of Cyprus, at the British Virgin Islands High Court.

Letter from Cyprus attorney Angelos Shakas in which he claimed "there was no intention to mislead" OffshoreAlert in a previous letter in which he claimed that the Gibraltar Financial Services Commission had removed a public warning against Gibraltar-domiciled Novasigma Limited, which was operated by Shakas' client, Georgia-based, Finnish tax advisor Jussi Hallikas, "due to the inaccuracy of its content" - an apparently false claim that led to the GFSC contacting Shakas after reading it in OffshoreAlert.

Public Notice by the Vanuatu Financial Services Commission that it has revoked the Financial Dealers Licence of FxGrow Limited.

Complaint alleging forex fraud in Kristoffer Jon Hind, Jason Thomas Waiton, Christopher Campbell, Paul Douglas, Stoeppel Werth, Lucas Longmire, Thomas Blair Phillips, Tyler Jenkins, Jorden David Neil Malcolm, Robert Taylor Yates, and Rafael Reyes Salmeron v. FxWinning Limited, described as a Hong Kong company whose "website lists locations in Hong Kong and Saint Vincent and the Grenadines but provides a contact number with a Cyprus country code" and which appears to operate from Cyprus, Dubai, and Miami; CFT Solutions, LLC, Renan de Rocha Gomes Bastos, Rafael Brito Cutie, Arthur Percy, Roman Cardenas, and David Merino at the U.S. District Court for the Southern District of Florida.

First Amended Class Action Complaint alleging that "As a result of Defendants' negligent, fraudulent, and unlawful conduct, countless Atomic Wallet user wallets around the world were hacked by North Korean hackers, resulting in the loss of over $100,000,000.00 USD worth of cryptocurrency related assets on or about June 3, 2023" in Robert Meany, Graham Dickinson, John Briscoe, Todd Gammon, Michael Fisk, Paul Unruh, Jovan Silva Delgado, Gregory Loberg, Vincent D'Amelio, Carter Ruess, Daniel Werter, Jeffrey Rogers, Erik Nelson, Landon Grubb, Sam Breazeale, Brenda Abbley, Dereck Ernest, Eric Jensen, Douglas Edwards, Dustin Falk, and Daniel Hayes v. Atomic Protocol Systems OÜ, d.b.a. Atomic Wallet, of Estonia; Evercode Infinite, d.b.a. Evercode Lab, of Dubai, United Arab Emirates; Konstantin Gladyshev, a.k.a. Konstantin Gladych; Ilia Brusov, a.k.a. Ilya Berezovsky, a.k.a. Ilya Bere, and Pavel Sokolov, a.k.a. Paul Sokolov, described as citizens and residents of Russia, at the U.S. District Court for the District of Colorado.

Stipulation and Order in CipherBlade LLC, of Pennsylvania, USA v. CipherBlade LLC, of Alaska, USA; Manuel Kriz, Michael Krause, Jorn Henrik Bernhard Janssen, Sergio Garcia, Justin Maile, CipherBlade APAC Pte Ltd., of Singapore; Jussi Aittola, Omega3Zone Global Ltd., of Cyprus; Paul Marnitz, Inquisita Solutions Ltd., of Cyprus, and Green Stone Business Advisory FZ LLC, of Singapore, at the U.S. District Court for the Southern District of New York.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the alternative investment fund license of Greenmont AIFLNP Ltd. because the company "no longer fulfils the conditions under which authorisation was granted".

Letter from Angelos Shakas, a lawyer in Cyprus representing Jussi Hallikas, requesting the removal from OffshoreAlert's website of a warning against his client's firm, Novasigma Limited, by the Gibraltar Financial Services Commission on the grounds that the GFSC later removed the warning "due to the inaccuracy of its content".

Fixed Date Claim Form regarding Black Sea Partners Limited in G.N. Terminal Enterprises Limited (in Receivership and Provisional Liquidation) v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Complaint "to remedy the false statements and substantial unmet financial commitments of Bethel Capital Investment and its principal owner, Antoine Ingandu" in Riverview Energy Corporation v. Bethel Capital Investment Ltd., of England; Antoine Ingandu, a citizen of France residing in England; Batsela Asset Management, of France, and Joel Nzali, of France, at the U.S. District Court for the Southern District of New York.

First Amended Complaint alleging “misappropriation of trade secrets” in CipherBlade LLC, of Pennsylvania, USA, described as “a blockchain investigation company that investigates cryptocurrency-related matters” v. CipherBlade LLC, of Alaska, USA; CipherBlade APAC Pte Ltd., of Singapore; Omega3Zone Global Ltd., of Cyprus; Manuel Kriz, a.k.a. Matthew Greene, of Cyprus; Michael Krause, of Cyprus; Jorn Henrik Bernhard Janssen, of Cyprus; Ioana Vidrasan, of Cyprus; Jussi Aittola, of Singapore; Justin Maile, of Alaska, USA; Paul Marnitz, of Cyprus; Sergio Garcia, of Belgium; Inquisita Solutions Ltd., of Cyprus, and Green Stone Business Advisory FZ LLC, of Dubai, United Arab Emirates, at the U.S. District Court for the Southern District of New York.

Motion for Temporary Restraining Order in Sergey Gaponyuk v. Evgeny Alferov, described as a citizen of Ukraine; Sergey Gaponyuk, described as a citizen of Ukraine; Sergei Kolosovskii, Mihail Vershinin, Alexander Chernov, David Brown, and Natalia Abramova at the U.S. District Court for the Eastern District of California.

Complaint in Sergey Gaponyuk v. Evgeny Alferov, described as a citizen of Ukraine; Sergey Gaponyuk, described as a citizen of Ukraine; Sergei Kolosovskii, Mihail Vershinin, Alexander Chernov, David Brown, and Natalia Abramova at the U.S. District Court for the Eastern District of California.

Complaint alleging "misappropriation of trade secrets" in CipherBlade LLC, of Pennsylvania, USA, described as "a blockchain investigation company that investigates cryptocurrency-related matters", and CipherBlade Ltd., of England v. CipherBlade LLC, of Alaska, USA; CipherBlade APAC Pte Ltd., of Singapore; Omega3Zone Global Ltd., of Cyprus; Manuel Kriz, of Cyprus; Michael Krause, of Cyprus; Jorn Henrik Bernhard Janssen, of Cyprus; Ioana Vidrasan, of Cyprus; Jussi Aittola, of Singapore; Justin Maile, of Alaska, USA; Paul Marnitz, of Cyprus; Sergio Garcia, of Belgium; Inquisita Solutions Ltd., of Cyprus, and Green Stone Business Advisory FZ LLC, of Dubai, United Arab Emirates, at the U.S. District Court for the Southern District of New York.

Second Amended Complaint in William B. Pitt, a.k.a. Brad Pitt, and Mondo Bongo LLC v. Angelina Jolie, Nouvel LLC, Yuri Shefler, Alexey Oliynik, SPI Group Holding Limited, of Cyprus, and Tenute Del Mundo B.V., of the Netherlands, at the Superior Court of the State of California, County of Los Angeles.

Fixed Date Claim Form in First Link Management Services Limited, of Cyprus v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Second Amended Complaint in Hartzella Ventures Ltd., domiciled in the Seychelles, based in Cyprus v. Emmanuil Grinshpun, described as a citizen of Moldova, Romania and USA, at the U.S. District Court for the Southern District of Florida.

Amended Complaint in Hartzella Ventures Ltd., of the Seychelles v. Emmanuil Grinshpun, described as a citizen of Moldova, Romania, and the USA residing in Miami, Florida, where he “serves as the Honorary Consul for Kazakhstan”, and “Vice President of Latvia’s Rietumu Bank”, at the U.S. District Court for the Southern District of Florida.

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.

TRO Motion in Hartzella Ventures Ltd., of the Seychelles v. Emmanuil Grinshpun, described in the accompanying complaint as described as a citizen of Moldova, Romania, and USA residing in Miami, Florida, at the U.S. District Court for the Southern District of Florida.

Complaint in Hartzella Ventures Ltd., of the Seychelles v. Emmanuil Grinshpun, described as a citizen of Moldova, Romania, and the USA residing in Miami, Florida, where he "serves as the Honorary Consul for Kazakhstan", and "Vice President of Latvia’s Rietumu Bank", at the U.S. District Court for the Southern District of Florida.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of Stone Edge Capital Ltd. for regulatory breaches.

Complaint in David Eric Hammer v. Fidelcrest Ltd., of Cyprus, which describes itself as a "Proprietary Trading Firm that gives retail traders the ability to access larger Capital", at the U.S. Bankruptcy Court for the Middle District of Florida.

Fourth Amended Complaint in Noble Bottling LLC, of Delaware, and Raycap Asset Holdings Ltd., of Cyprus v. Gora LLC and Richard Gora at the U.S. District Court for the Western District of North Carolina.

Originating Summons in Frabran Holdings Limited, Husky Trading Co. Ltd., Kestrel Stock Trading Co. Limited, Keyran Holdings Co. Ltd., Gournari Holdings Ltd., Siocaco Holdings Co. Ltd., Calutta Holdings Co. Ltd., Likeit Holdings Co. Ltd., Bruker Holdings Co. Ltd., Worryco Holdings Co. Ltd., Norkema Holdings Co. Ltd., Elobelium Trading Co. Ltd., and Fictio Holdings Co. Ltd. v. Daventree Trustees Limited, of Cyprus, at the Grand Court of the Cayman Islands.

Complaint in Official Committee of Unsecured Creditors of Celsius Network LLC v. Celsius Network Limited, described as "a United Kingdom private limited company with offices in the United Kingdom, Cyprus, Israel, and Las Vegas, Nevada", at the U.S. Bankruptcy Court for the Southern District of New York.

Motion to Quash Discovery Application in Cargill Inc. v. National Bank Trust PJSC, described as "a majority owned subsidiary of the Russian Central Bank", regarding legal proceedings in the British Virgin Islands, filed at the U.S. District Court for the Southern District of New York.

Second Amended Complaint alleging "improper commercial activities, including the illegal misappropriation of millions of dollars of Plaintiffs' bank-deposited funds in an elaborate money laundering scheme", in Oleg Zhukovskiy, described as "a U.S. permanent resident"; ZUKK Trading Limited, of Cyprus; Intertransgroup LLC, of Ukraine; Nikolay Kovzel, a citizen of Ukraine, and Vitaly Didylivsky, a citizen of Ukraine v. National Bank of Ukraine at the U.S. District Court for the Southern District of Florida.

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.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Ukraine by Victor Novikov, as the Foreign Representative of PJSC Platinum Bank, described as "an insolvent Ukrainian bank", at the U.S. Bankruptcy Court for the Southern District of Florida.

Complaint for a declaratory judgment that "(a) since at least the spring of 2021, the Defendants have been operating their businesses as a Ponzi scheme, (b) the Defendants’ books, records, and businesses are so hopelessly intertwined that the Defendants’ estates should be substantively consolidated, and (c) as a consequence of adjudicating that the Defendants operated as a Ponzi scheme, all contracts with the Defendants on and after the date the Ponzi scheme began, including, without limitation, Terms of Use, are deemed null and void" in Ignat Tuganov, of Cyprus v. Celsius Network LLC, Celsius KeyFi LLC, Celsius Lending LLC,, Celsius Mining LLC, Celsius Network Inc., Celsius Network Limited, of the United Kingdom; Celsius Networks Lending LLC, Celsius US Holding LLC, GK8 Ltd., of Israel; GK8 UK Limited, of Israel, and GK8 USA LLC at the U.S. Bankruptcy Court for the Southern District of New York.

Summons with Notice alleging fraud involving a Russian bank and seeking damages of $21.6 million in Gennady Anatolievich Kochkalda, Andrei Vladislavovich Tokarev, Zhanneta Levievna Isakova, Oleg Olegovich Sultanbekov, Mikhail Vicheslavovich Malykhin, Elena Mikhailovna Kazakova, Alexandr Ivanovich Romannikov, Sergey Valentinovich Gorbachev, Leonid Pavlovich Ranchinskiy, Irina Stanislovna Danilova, Aleksandr Aleksandrovich Zaikin, Sergey Stansilavovich Drachev, Nataliya Veniaminovna Milova, Tatiana Alexandrovna Belikova, Olga Valentinovna Bukharina, Evgeny Yurievich Atamanov, Oleg Stanislavovich Poltarukha, Evgeny Vladimirovich Trukhin, Yuri Aleksandrovich Sitkov, Alexey Vladimirovich Sobolev, Vladimir Anatolyevich Savelyev, Vladislav Nikolaevich Nazarenko, Evgeny Leonidovich Isaev, Georgiy Zhorzhevich Romanov, and Ramil Rashidovich Khusainov, all described as "depositors with a Russian bank" v. Dmitri Ananyev, Alexei Ananyev, Peters International (Cayman) Ltd., of the Cayman Islands; Peters International Investment N.V., of Curaçao; Promsvyaz Capital B.V., of the Netherlands; Postscriptum Capital Ltd., of Cyprus, and Fintailor Investment Limited, of Cyprus, at the Supreme Court of the State of New York, County of New York.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of Maxiflex Ltd.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of Holiway Investments Ltd. for regulatory breaches.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Kevin Hellard, Robert Starkins, and Nick Nicholson, as the Foreign Representatives of Anatoly Leonidovich Motylev, a citizen of Russia who, in his bankruptcy, "disclosed an interest" in companies in several jurisdictions, including Belize, British Virgin Islands, Cayman Islands, Cyprus, Liechtenstein, Luxembourg, Seychelles, and Turkey, filed at the U.S. Bankruptcy Court for the Southern District of Florida.

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 Cyprus Securities and Exchange Commission that it has imposed restrictions on Petros Zachariades regarding Crowd Tech Ltd., suspending him from exercising" voting rights" and prohibiting his involvement in "management duties".

Public Notice by the Cyprus Securities and Exchange Commission that Target Wealth Opportunities Ltd. has paid €30,000 to settle a regulatory investigation.

Public Notice by the Cyprus Securities and Exchange Commission that BCM Begin Capital Markets CY Ltd. has paid €100,000 to settle a regulatory investigation.