Dominica

Forfeiture Complaint associated with an allegedly unlicensed money transmitting business operated by Dominica-domiciled Aurum Capital Holdings Inc. and involving "a virtual currency issued by a company called Liberty Reserve" in USA v. All Fund Seized From Morgan Stanley Accounts 658-091821-245 and 658-095221-245 in the name of Maximiliano Pilipis at the U.S. District Court for the Southern District of Indiana.

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.

Criminal Information alleging conspiracy to commit commodities fraud involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA in USA v. Peter Kambolin, described as "a U.S.-Russian national" residing in Sunny Isles Beach, Florida, USA, at the U.S. District Court for the Southern District of Florida.

Amended Complaint alleging "a scheme to defraud Plaintiffs and other potential investors by a collection of sophisticated international entities and individuals through the operation of a cryptocurrency project" in Axtra LLC, of Wyoming, and The AXIA-Axtra Trust, described as “a unit trust formed under the laws of the Cayman Islands” v. AXIA Issuer Inc., of the British Virgin Islands; AXIA Foundation Inc., described as “purportedly a not-for-profit entity governed under the laws of the Commonwealth of Dominica”, and Berkower LLC, of New Jersey, at the U.S. District Court for the District of Wyoming.

Application for the appointment of a Commissioner to collect evidence from Newfold Digital Inc. - pursuant to a request for judicial assistance from Poland - for a criminal investigation into "G.R. and other individuals for fraud offenses" involving "the fraudulent SwissTrade Exchange platform".

Application for the appointment of a Commissioner to collect evidence from GoDaddy.com LLC - pursuant to a request for judicial assistance from Poland - for a criminal investigation into "G.R. and other individuals for fraud offenses" involving "the fraudulent SwissTrade Exchange platform".

Defendants' Motion to Dismiss regarding a dispute involving digital assets in Axtra LLC, of Wyoming, and The AXIA-Axtra Trust, described as “a unit trust formed under the laws of the Cayman Islands” v. AXIA Issuer Inc., described as "a for-profit corporation incorporated in the British Virgin Islands" whose "sole director ... is a corporation domiciled in Nevis", and AXIA Foundation Inc., described as “a non-profit corporation incorporated in the Commonwealth of Dominica” whose directors reside in Canada and Dominica, at the U.S. District Court for the District of Wyoming.

Complaint alleging breach of contract involving "a digital currency which is known as AXIA Coin" in Axtra LLC, of Wyoming, and The AXIA-Axtra Trust, described as "a unit trust formed under the laws of the Cayman Islands" v. AXIA Issuer Inc., of the British Virgin Islands, and AXIA Foundation Inc., described as "purportedly a not-for-profit entity governed under the laws of the Commonwealth of Dominica", at the U.S. District Court for the District of Wyoming.

Fixed Date Claim Form regarding Kentville Group Inc. in Mikhail Zakharov, of Moscow, Russia v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Dominica by Stanley DeFreitas, as the Foreign Representatives of M.A. Mobile Ltd., at the U. S. Bankruptcy Court for the Northern District of California.

Fixed Date Claim Form regarding Lonmilt Limited in Ekaterina Andreevna Turchina, of Cyprus v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Judgment disqualifying a former Prime Minister of Saint Kitts and Nevis from serving as a Member of Parliament in the National Assembly because he received a diplomatic passport issued by Dominica in The Attorney General of Saint Kitts and Nevis v. Denzil Douglas at the Court of Appeal for Saint Kitts and Nevis.

Complaint alleging a $100 million-plus 'binary options' fraud in U. S. Securities and Exchange Commission v. Kai Christian Petersen, a resident of Germany; Gil Beserglik, a citizen of Israel, and Raz Beserglik, a citizen of Israel, as Defendants, and Shraga Holdings Ltd. and Lembex Global Investments Ltd., both of the British Virgin Islands, as Relief Defendants, at the U. S. District Court for the Central District of California.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Ernst & Young, as the Foreign Representative of Mundo Media Ltd., 2538853 Ontario Ltd., M Zone Marketing Inc., and AppThis Holdings, Inc., at the U. S. Bankruptcy Court for the District of Delaware.

Complaint in Dinosaur Merchant Bank Limited, of the United Kingdom v. Bancservices International LLC at the U. S. District Court for the Eastern District of Missouri.

Complaint in Paxum Bank Limited, of Dominica, and Dolare LLC v. The First State Bank at the U. S. District Court for the Southern District of West Virginia.

Complaint in dck International, LLC, dck worldwide holdings, Inc., dck worldwide, LLC, dck international SKN, Limited, dck Bermuda, Ltd., dck Dominica, Inc., dck St. Maarten N.V., dck Jamaica, LLC, dck Bahamas, Inc., dck TCI, Ltd., dck Palau Limited, LLC, dck caribbean holding Ltd., DCK Building Solutions Jamaica Limited, dck Belize, Limited, dck Building Solutions SL, Ltd., dck Staffing Services, LLC, dck development north america, LLC, Connecticut Studios, LLC, CTS Energy, LLC, dck development, LLC, dck Capital Solutions, LLC, Oakview dck LLC, dck California Construction, Inc., Zenith Equipment, LLC, Main Street Cranberry Management, LLC, Main Street Cranberry, LP, dck pacific region, LLC, dck global development, LLC, dck pacific construction, LLC, pacific guam, LLC, DCK Pacific, LLC, Terrace Pacific Insurance, Ltd., Terrace Guam, Ltd., and dck California Building, LLC v. USA at the U. S. District Court for the Southern District of Florida.

Claim Form and Statement of Claim in Roosevelt Skerrit, Francine Baron, Rayburne Blackmore, and Inspector Pellam Jno Baptiste v. Kenneth Rijock, Mathias Peltier and West Indies Communications Enterprises Limited at the High Court of Justice for the Commonwealth of Dominica.

Caribbean regulator the Eastern Caribbean Central Bank and several Caribbean banks have been accused of 'fraudulently misappropriating' a bank owned by convicted fraudster Allen Stanford to keep its assets out of the hands of his victims.

Complaint in The Official Stanford Investors Committee v. Bank of Antigua, a.k.a. Eastern Caribbean Amalgamated Bank; Eastern Caribbean Central Bank, Antigua Commercial Bank, St. Kitts-Nevis-Anguilla National Bank Ltd., Eastern Caribbean Financial Holdings Company Ltd., National Commercial Bank (SVG) Ltd., National Bank of Dominica Ltd., and the Government of Antigua and Barbuda at the U. S. District Court for the Northern District of Texas.

Second Application by Otkritie International Investment Management Limited, of the British Virgin Islands; Otkritie Securities Limited, of England and Wales; and Otkritie Financial Corporation JSC, of Russia, to issue subpoenas to Bank of New York Mellon, Deutsche Bank Trust Company Americas, JPMorgan Chase Bank, Standard Chartered Bank, and Wells Fargo Bank for the production of documents for use in a civil complaint filed by Otkritie International Investment Management Limited against Georgy Urumov and Denning Capital Limited at the High Court in the United Kingdom.

The court-appointed managers of Bahamas-domiciled British American Insurance Company Ltd., which operated throughout the Bermuda-Caribbean region, are suing the insurer's former directors and others for 'recklessly gambling away' hundreds of millions of dollars on 'speculative' Florida real estate investments.

Plea Agreement in USA v. Jorge Luis Castillo - regarding a fraud committed via Dominica-domiciled, Costa Rica-based Provident Capital Indemnity Ltd. - at the U. S. District Court for the Eastern District of Virginia.

Statement of Facts in USA v. Jorge Luis Castillo - regarding a fraud conducted via Dominica-domiciled, Costa Rica-based Provident Capital Indemnity Ltd., at the U. S. District Court for the Eastern District of Virginia.

Superseding Indictment in USA v. Provident Capital Indemnity, Ltd., Jorge Luis Castillo, and Minor Vargas Calvo at the U. S. District Court for the Eastern District of Virginia.

Complaint in Castle Aero Florida International, Inc. v. Marketing and Financial Services, Inc., Innovatis Asset Management, SA, and Acre Financial, SA at the U. S. District Court for the District of Minnesota.

Offshore providers who allegedly supplied nominee officers and directors for firms accused of perpetrating a $16 million fraud have been added as defendants to a civil lawsuit filed by alleged victims.

Second Amended and Supplemental Complaint filed by Abdul Hussain Jaffar Rahmatallah Al Lawati , Martin Baerschmidt, Guy Coghlan, Colin Jobe, Kevin Kapland, Vinico Fashion LLC, David Shaun Killa, Maheshchandra Purshottam Pawani, Michael Peers, MK Investment Services Limited, Mutrah Insofoam Co. (S.A.O.C.), Paulo Alexandre Da Costa Pereira, Steel Panel LLC, Ramesh Sajnani, Tulsidas Sajnani and Don Surrendra against Montague Morgan Slade Ltd., Anthony Heald; Julia Heald, Michael Brown; Brown Family Trust; Gordon Spedding; Mo-Mo-Mama Direct Access Trading; Mo-Mo Mama Ltd.; Mo-Mo-Mama Direct Access Trading LLC; Montague Morgan Slade Absolute Performance Fund Plc; Montague Morgan Slade Highly Diversified Fund Plc; Montague Morgan Slade 1095 Fund Plc; MMS Private Clients; MMS Private Clients FZE; MMS Private Clients FZC; Montague Morgan Slade Limited (Hong Kong); M.F. Montague Morgan Slade; Montague Morgan Slade Holdings Limited; Montague Morgan Slade S.L.; Micklegate Investments (BVI) Ltd.; Mark Hilliard; Mark Hilliard & Company; Peter Rigby: JST Lawyers; Keith Park Solicitors, B.M.H. Management S.A., SCF Secretarial Services S.A., ExPat Solutions Group; Emirates FX; Stephen White; Martin Kinsey; Vincent Hillsdon, Alan Toal, Coutts De Vere Holdings; Coutts De Vere Systems, Ltd.; Euroamerican Financial Association Ltd.; IP Investments Limited; Debra Ann Steel; Winfox Consulting; William P. Bonney; and G. Bonney at New York State Supreme Court.

Supplemental Declaration of Michael Fuchs in U. S. Securities and Exchange Commission v. Provident Capital Indemnity, Ltd., Minor Vargas Calvo, and Jorge Luis Castillo at the U. S. District Court for the Eastern District of Virginia.

Complaint in SEC v. Provident Capital Indemnity, Ltd., Minor Vargas Calvo, and Jorge Luis Castillo at the U. S. District Court for the Eastern District of Virginia.

Indictment in USA v. Provident Capital Indemnity, Ltd., Jorge Luis Castillo, and Minor Vargas Calvo at the U. S. District Court for the Eastern District of Virginia.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Bahamas by Juan Lopez, a.k.a. John Lopez, as the Foreign Representative of British American Insurance Company Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.

Two United Kingdom-based former accountants have been sentenced to prison after being found guilty of perpetrating a $200 million investment fraud, in part through an offshore bank in the Caribbean. Shinder Gangar, 46, and Alan White, 49, were each sentenced to prison-terms of seven-and-a-half years at Sheffield Crown Court, in England, on April 11, 2008, comprising six years each for conspiracy to defraud and 18 months each for conspiracy to corrupt a United States official, to be served consecutively. In addition, they have both been disqualified from being company directors in the UK for 12 years.

The U. S. Commodity Futures Trading Commission has announced that its Division of Enforcement was awarded “a record total of more than $540 million in civil monetary penalties, restitution, and disgorgement from respondents and defendants in actions involving fraud, manipulation, and other misconduct” for its fiscal year ended September 30, 2007; In other regulatory news, here's a list of actions taken recently by regulators in offshore financial centers; and Microsoft Corp. has become the latest big company to sue a business, purportedly domiciled in the Cayman Islands, that registers and warehouses domain names that are confusingly similar to registered Trademarks of established enterprises.

Litigants in the British Virgin Islands who claim to have been defrauded of $11 million in an alleged offshore insurance scam masquerading as a U. S. tax avoidance scheme have turned their attentions to the United States in their search for evidence.Alleged victims recently obtained an order from the U. S. District Court for the Southern District of Florida compelling the appearance for deposition of, and production of documents by, Michael Rosenbaum, a former employee of The Kleinfeld Law Firm, of Miami, and they have just made a similar application concerning Jerome M. Hesch, who is a Miami-based attorney with Greenberg Traurig law firm.

The cold reality of life behind bars has persuaded former offshore banker Paul Morgan Jones to start turning over his assets to the Receiver of Cash 4 Titles, which perpetrated one of the biggest Ponzi schemes in history, operating from

DominicaThe financial services sector is still a farce. The International Financial Center building, built to offer high quality offices to the community, was completed just as the financial sector was gutted by regulations and scandals. When it opened, the only

A former offshore banker was taken into custody in the United States yesterday and an arrest warrant was issued for his Caribbean based former business partner after they were held in contempt of court. In addition, an order has been

Two former offshore bankers have been ordered to appear before a United States federal court in Illinois on August 31, 2006 to explain how they intend to pay a financial penalty of $7.2 million.If David Pollock and Paul Jones fail to show up, warrants for their arrest will be issued for contempt of court, stated U. S. District Judge Ronald A. Guzman in a judgment on August 3. Both are U. S. citizens, with Pollock currently residing in St. Lucia and Jones, a former bank examiner for the state of Ohio, living in Cape Coral, Florida, according to court records.

A 68-year-old fraudster released from prison in the United States only 21 months ago for helping the New York mafia commit violently-enforced stock scams has picked up where he left off, OffshoreAlert can reveal.Mexico-based, U. S. national Joseph Andrew Mann, now using the name Joseph Andres Mann Piccione, is behind a web of shell companies in several countries, including England, Panama, and Dominica, as part of a new securities scheme that bears striking similarities to the fraud to which he pleaded guilty in the United States in 2004.

OffshoreAlert has previously reported about the long-running battle between Taiwan and China for influence in the Caribbean in which impoverished countries receive sizeable financial assistance in return for officially recognizing - or refusing to recognize - Taiwan as a country, depending on who is offering the most attractive deal; The Central Bank of Belize issued a warning about United eXchange International Bank on December 1, 2005; Richard Fogerty and James Cleaver, as joint official liquidators of Bancredit Cayman Limited (in liquidation), have filed two civil lawsuits in the United States in an attempt to collect $2.34 million of allegedly unpaid loans that were issued to customers of the banks; Why did First International Bank of Grenada founder Gilbert Allen Ziegler change his name to Van Arthur Brink in June, 1998?[ Florida-based attorney Nigel Scott Grant and his son, Nicolas E. Grant-St. James, who previously established and, in at least one instance, operated sham credit unions in St. Kitts & Nevis, are back in business together, this time onshore; and Kenneth Krys and Christopher Stride, of RSM Cayman Islands, were appointed as Joint Provisional Liquidators of PFA Assurance Group, Ltd. on September 19, 2005 following an investigation by the Cayman Islands Monetary Authority.

The IRS has asked a U. S. federal court for permission to serve a “John Doe” summons on Internet money transfer firm PayPal Inc. as part of a clampdown on tax evasion using offshore credit and debit cards.“The records requested in the summons will identify the holders of bank accounts at, or payment cards issued by banks in, the listed jurisdictions, information which is not otherwise readily available to the Internal Revenue Service,” stated the IRS in its petition.

Banc Caribe liquidator & National Bank of Dominica settle litigation with Cash 4 Titles receiver; former house painter Russell Cline enters into plea agreement in Oregon concerning fraud and money laundering charges; and US authorities continue with attempt to seize assets of former Ukraine Prime Minister Pavlo Lazarenko.

Complaint in The Export-Import Bank of the Republic of China v. The Commonwealth of Dominica at the U. S. District Court for the Southern District of New York. 

Please, EU - Newt was kidding!; Bahamas - Who's on $1.00 bill?; Dominica - What is going on?; the Netherlands Antilles; Structural Warnings for Offshore Business - Grenada & Belize.

Section 304 Petition for Assistance in Insolvency Proceedings in Dominica by Marcus Wide, as the Foreign Representative of Tradex Ltd., at the U. S. Bankruptcy Court for the Central District of California.

Around the Caribbean Offshore Financial Centers BahamasSpring break is in full season and the primary assets are walking around on two legs hibernating from school and snow. Spring break is now probably the largest single revenue event for the Bahamas

Dominica; Bermuda; and China - there're coming.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the United Kingdom into Shinder Gangar and others for alleged investment fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged investment fraud and money laundering by Shinder Gangar and others.