Gibraltar

Centurion Administration Ltd.: £52K Settlement

Public Notice announcing that Centurion Administration Limited has agreed to pay £52,500 to settle a regulatory investigation by the Gibraltar Financial Services Commission.

Türkmengas v. BNP Paribas: Discovery Application

Application by Türkmengas, described as "the national gas company of the Republic of Turkmenistan and operates in the exploration, production, and export of natural gas", to take discovery from BNP Paribas for use in legal proceedings in the Republic of Turkmenistan regarding allegations of fraud and bribery involving "a 2011 oil services and equipment contract awarded by Turkmenistan's Ministry of Oil and Gas Industry and Mineral Resources to Chemix BV (International) Ltd., a Gibraltar company, for the processing and disposal of oil-contaminating waste in Turkmenistan", filed at the U. S. District Court for the Southern District of New York.

IDT Financial Services Ltd.: £298K Settlement

Public Notice by the Gibraltar Financial Services Commission that IDT Financial Services Limited has agreed to pay £298,387 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at Gibraltar's Companies House showed that the directors of IDT Financial Services Limited, as disclosed in its 2021 annual return, were Timothy Streatfeild-James, a citizen of the United Kingdom residing in Gibraltar; James Robert Raanan, a citizen and resident of Israel; Marcelo Fischer, a citizen and resident of the United States; Damian Asquez, a citizen of the United Kingdom residing in Gibraltar, and Gareth Meredith Williams, a citizen of the United Kingdom residing in Gibraltar.

Nicholas Cruz: Regulatory Settlement Agreement

News Release by the Gibraltar Financial Services Commission announcing it has entered into a "Regulatory Settlement Agreement" with Nicholas Cruz, who was a non-executive director of Enterprise Insurance Company Plc. "The GFSC has not made any adverse findings in relation to Mr Cruz's integrity," stated the regulator.

Nicholas Cruz & Gibraltar FSC: Joint Statement on Defamation Claim

Joint Statement by the Gibraltar Financial Services Commission and Nicholas Cruz regarding a defamation claim by Cruz against the GFSC regarding the regulator's news release on October 26th, 2016 regarding Enterprise Insurance Company Plc, of which Cruz was a non-executive director.

Kumtor Gold Company CJSC et al: Chapter 11 Petition

Chapter 11 Petition by Kumtor Gold Company CJSC and Kumtor Operating Company CSJC, both of the Kyrgyz Republic and owned by Centerra Gold Inc., of Toronto, Canada, at the U. S. Bankruptcy Court for the Southern District of New York. Creditors include companies in Belarus, Belgium, Canada, China, England, Finland, Gibraltar, Kazakhstan, Kyrgyz Republic, Netherlands, Russia, Scotland, and Switzerland.

Malta v. Keith Schembri et al: Criminal Complaint

Criminal Complaint alleging corruption, fraud, and money laundering in Republic of Malta v. Alfio Schembri, Malcolm Scerri, Keith Schembri, who is a former chief of staff of former Malta Prime Minister Joseph Muscat; Robert Zammit, Kasco Holdings Limited, of Malta; Kasco Limited, of Malta; Kasco Engineering Company Limited, of Malta; GSV Co Limited, of Malta; Holdforth Limited, of Cyprus; Malmos Limited, of Gibraltar; It's Good Limited, of Malta; Colson Services Limited, of the British Virgin Islands; Selson Holding Corporation, of the British Virgin Islands; Tekhne Industrial Limited, of Malta; Berner Malta Limited, of Malta, and Thoughtzone Limited, of Malta, at Malta Magistrates Court.

VoIP Guardian Partners I LLC v. VoIP Guardian LLC et al: Complaint

Complaint for damages of at least $172 million alleging fraudulent transfers, breach of fiduciary duty, and unjust enrichment in VoIP Guardian Partners I LLC, described as "a telecom factoring company" v. VoIP Guardian LLC, of Delaware; Rodney Omanoff, of California; Omanoff America LLC, of Delaware; Omanoff America Telecom LLC, of Delaware; Contacts & Contracts Inc., of Delaware; Mudmonth LLC, of Nevada; Philipson International LLC, of Delaware; Richard Omanoff, Owl America Inc., of Delaware; Mark Proto, of California; Joseph Rahman, of New Jersey; Youssef Rahman, Zoom Telecom Inc., of Nevada; John O. Philipson, of California; DealDefenders LLC, of Delaware; Ikarim Business Services Ltd., of the United Kingdom; I Karim Business Services LLC, of Delaware; IKB Services Ltd., of the United Kingdom; IKBS LLC, of Delaware; Mohammed Shakeel Mughal, of England; Najd Technologies Limited, of Dubai; Indigo11 Services Limited, of the United Kingdom; Indigo 11 Services LLC, of Delaware; Nazmul Hoque, of England; Telacme Limited, of Hong Kong; Balaji Mahadevan, of India; Colin Bernard Eccles, of Ireland; LtdTel SL, of Spain; Inter-Switch Ltd., of Hong Kong; Vineet Singh Notwal, of Hong Kong; Shirley Sabia Therese van Kerkhove, of Hong Kong; Arco Telecom Limited, of Gibraltar; Tee Telecommunications Inc., of New Jersey; 2365 Azure LLC, of Florida, and Tarek Katis, of New Jersey, at the U. S. District Court for the Central District of California.

Novasigma Limited: Unlicensed Activity

Public Warning by the Gibraltar Financial Services Commission that Novasigma Limited "appears to be purporting to offer company management services in Gibraltar" without a license. Editor's Note: Research by OffshoreAlert at Companies House Gibraltar showed that Novasigma Limited was incorporated in Gibraltar on May 21st, 2015 and, in its most recent annual return dated May 4th, 2018, the company's sole director was identified as Jussi Olavi Hallikas, described as a Finnish "tax advisor" residing in Tbilisi, Georgia, and its sole shareholder as Novasigma Limited, of the Seychelles. The company's website at www.novasigma.com is no longer operational. In his LinkedIn profile, Hallikas is currently described as "Managing Director" of "Fidelcrest", a company purportedly domiciled in Hungary that offers "forex trading" products and services at www.fidelcrest.com.

InterTrader Ltd.: Fine

Public Statement by the Guernsey Financial Services Commission that InterTrader Limited, of Gibraltar, "has agreed to pay a financial penalty" of an undisclosed amount to settle a regulatory investigation.

Insignia 88 Ltd. et al v. M/Y Arena: Complaint

Complaint for damages of £4.8 million alleging negligence from an "allision" in the Bay of Cannes, France, that resulted in "death and injuries" to "crew and guests" of a motor yacht called Minx in Insignia 88 Limited, of the Isle of Man, and American International Group UK Limited, of the United Kingdom v. M/Y Arena, described as a 92-foot motor yacht registered in Gibraltar, at the U. S. District Court for the Southern District of Florida.

Pacific Drilling LLC et al: Chapter 11 Petition

Chapter 11 Petition by Pacific Drilling LLC, Pacific Drilling Operations Inc., Pacific Drilling Inc., and Pacific Drilling Company Limited, all of Houston, Texas; Pacific Drilling SA, Pacific Drilling Finance S.À.R.L., Pacific Sharav S.À.R.L., and Pacific Drillship S.À.R.L., all of Luxembourg; Pacific Drilling Limited, Pacific Scirocco Ltd., Pacific Mistral Ltd., and Pacific Bora Ltd., all of Liberia; Pacific Drilling Operations Limited, Pacific Drilling V Limited, Pacific Drilling VII Limited, Pacific Drillship Nigeria Limited, and Pacific Santa Ana Limited, all of the British Virgin Islands; Pacific Sharav Korlátolt Felelősségű Társaság, of Hungary, and Pacific Drilling Holding (Gibraltar) Limited, of Gibraltar, at the U. S. Bankruptcy Court for the Southern District of Texas.

Ronald Popely et al v. Kristina Phelan et al: Judgment

Judgment in Ronald Popely and Paul Gould v. Kristina Phelan, described as a lawyer in Gibraltar; Edward John Barnard, and Duane Daniel, of Saint Vincent and the Grenadines, at Supreme Court of Gibraltar.

Valaris Plc et al: Chapter 11 Petition

Chapter 11 Petition by companies in Australia, Bermuda, Brazil, British Virgin Islands, Cayman Islands, England, France, Gibraltar, Hong Kong, Marshall Islands, Mexico, Singapore, Spain, Switzerland, Thailand, and the United States, namely Valaris Plc, described as "a leading provider of offshore contract drilling services to the international oil and gas industry"; Alpha Achiever Company, Alpha Admiral Company, Alpha Archer Company, Alpha Offshore Drilling Services Company, Alpha Orca Company, Atlantic Maritime Services LLC, Atwood Australian Waters Drilling Pty Ltd., Atwood Deep Seas Ltd., Atwood Oceanics Australia Pty. Limited, Atwood Oceanics LLC, Atwood Oceanics Pacific Limited, Atwood Offshore Drilling Limited, Atwood Offshore Worldwide Limited, ENSCO (Thailand) Limited, ENSCO Asia Pacific Pte. Limited, ENSCO Associates Company, ENSCO Australia Pty. Limited, ENSCO Capital Limited, ENSCO Corporate Resources LLC, ENSCO Development Limited, ENSCO do Brasil Petróleo e Gás Ltda., ENSCO Drilling I Ltd., ENSCO Drilling Mexico LLC, ENSCO Endeavors Limited, ENSCO Global GmbH, ENSCO Global Investments LP, ENSCO Global IV Ltd., ENSCO Global Resources Limited, ENSCO Holding Company, ENSCO Holdings I Ltd., ENSCO Holland BV, ENSCO Incorporated, ENSCO Intercontinental GmbH, ENSCO International Incorporated, ENSCO International Ltd., ENSCO Investments LLC, ENSCO Jersey Finance Limited, ENSCO Limited, ENSCO Management Corp., ENSCO Maritime Limited, ENSCO Mexico Services, S. de RL de CV, ENSCO Ocean 2 Company, ENSCO Oceanics Company LLC, ENSCO Oceanics International Company, ENSCO Offshore Company, ENSCO Offshore International Company, ENSCO Offshore International Holdings Limited, ENSCO Offshore International Inc., ENSCO Offshore U.K. Limited, ENSCO Overseas Limited, ENSCO Transcontinental II LP, ENSCO Transnational I Ltd., ENSCO UK Drilling Limited, ENSCO United Incorporated, ENSCO Universal Limited, ENSCO Vistas Limited, ENSCO Worldwide GmbH, Great White Shark Limited, Green Turtle Limited, Offshore Drilling Services LLC, Pride Foramer SAS, Pride Forasol SAS, Pride Global II Ltd., Pride International LLC, Pride International Management Company LP, Ralph Coffman Limited, Ralph Coffman Luxembourg SA RL, RCI International Inc., RD International Services Pte. Ltd., RDC Arabia Drilling Inc., RDC Holdings Luxembourg SA RL, Rocal Cayman Limited, Rowan Companies Limited, Rowan Companies LLC, Rowan Drilling (Trinidad) Limited, Rowan Drilling (U.K.) Limited, Rowan Drilling, S. de RL de CV; Rowan International Rig Holdings Sarl, Rowan Marine Services LLC, Rowan N-Class (Gibraltar) Limited, Rowan No. 1 Limited, Rowan Norway Limited, Rowan Offshore (Gibraltar) Limited, Rowan Offshore Luxembourg Sarl, Rowan Rex Limited, Rowan Rigs Sarl, Rowan Services LLC, Rowan, S. de RL de CV, and Rowandrill LLC, at the U. S. Bankruptcy Court for the Southern District of Texas.

Blockchain Optimization SA et al v. LFE Market Ltd.: Approved Judgment

Approved Judgment continuing a Worldwide Freezing Injunction in a case regarding allegations of fraud involving "a start-up project to set up a cryptocurrency platform called the 'London Football Exchange'"in Blockchain Optimization SA, of Switzerland, and Petrochemical Logistics Ltd., of Gibraltar v. LFE Market Ltd., of Wales; LFE Group Holdings Limited, of England; James Aylward, a.k.a. Jim Aylward, of Wales; Benjamin Leigh Hunt, White Tiger Global Opportunities Fund SP, of the Cayman Islands, and White Tiger Asset Management Ltd., of the Cayman Islands, at the High Court of Justice of England and Wales.

Intelsat SA et al: Chapter 11 Petition

Chapter 11 Petition by Intelsat SA, of Luxembourg; Intelsat Virginia Holdings LLC, of Virginia; Intelsat Connect Finance SA, of Luxembourg; Intelsat (Luxembourg) SA, of Luxembourg; Intelsat Envision Holdings LLC, of Luxembourg; Intelsat US LLC, of Virginia; Intelsat Investment Holdings Sarl, of Luxembourg; Intelsat Holdings SA, of Luxembourg; Intelsat Investments SA, of Luxembourg; Intelsat UK Financial Services Ltd., of England; Intel Jackson Holdings SA, of Luxembourg; Intelsat Align Sarl, of Luxembourg; Intelsat License Holdings LLC, of Luxembourg; Intelsat Subsidiary (Gibraltar) Limited, of Gibraltar; Intelsat Holdings LLC, of Luxembourg; Intelsat Finance Bermuda Ltd., of Bermuda; Intelsat Satellite LLC, of Luxembourg; Intelsat License LLC, of Luxembourg; Intelsat Ventures Sarl, of Luxembourg; Intelsat Global Sales & Marketing Ltd., of England; Intelsat International Systems, LLC, of Virginia; PanAmSat International Holdings, LLC, of Virginia; Intelsat International Employment LLC, of Virginia; PanAmSat Europe Corporation, of Virginia; Intelsat Genesis GP LLC, of Virginia; Intelsat Service and Equipment LLC, of Virginia; Southern Satellite LLC, of Virginia; Southern Satellite Licensee LLC, of Virginia; PanAmSat International Sales, LLC, of Virginia; Intelsat Genesis Inc., of Virginia; Intelsat Alliance LP, of Virginia; Intelsat US Finance LLC, of Virginia; PanAmSat India LLC, of Virginia; PanAmSat India Marketing LLC, of Virginia, and Intelsat Asia Carrier Services, LLC, of Virginia, at the U. S. Bankruptcy Court for the Eastern District of Virginia.

Raphael Marrache v. Haslaha Ltd. et al: Judgment

Judgment in Raphael Marrache v. Haslaha Limited, Edgar Lavarello and Adrian Hyde, as Joint Liquidators of Marrache & Co.; and Edgar Lavarello, as Official Trustee of the Estates of Isaac Marrache, Benjamin Marrache, and Solomon Marrache at the Supreme Court of Gibraltar.

Kazakhstan v. King & Spalding LLP: Discovery Application

Application by the Republic of Kazakhstan to take discovery from King & Spalding LLP for use in criminal proceedings in Kazakhstan regarding suspected fraud, tax evasion, and money laundering involving Anatolie Stati and Gabriel Stati and "their group of affiliated companies which they have owned or controlled", including Ascom Group SA, of Moldova; Terra Raf Trans Traiding Ltd., of Gibraltar, and Hayden Intervest Limited, of the British Virgin Islands, filed at the U. S. District Court for the Southern District of New York.

Rybovich Boat Company LLC v. M/Y Blue Star et al: Complaint

Complaint in Rybovich Boat Company LLC, of Palm Beach County, Florida v. M/Y Blue Star, a motor yacht registered in the Cayman Islands; Vladimir Gusinsky, a.k.a. Vladimir Gusinski, described as "a citizen of Russia and Israel, and Shakra Holdings Limited, of Gibraltar, at the U. S. District Court for the Southern District of Florida.
Minette Coetzee and Paul Segal

EXPOSED: Symtomax Group’s fraudulent €12M Bond Offering

A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.

Petition to wind up British £40M fraud firm Privilege Wealth Plc

Nearly two years after their appointment and having run out of cash, the Joint Administrators of Britain's Privilege Wealth Plc have applied to wind up the company, which collapsed after its £40 million-plus investment fraud was exposed by OffshoreAlert.

Elliott Broidy et al v. Global Risk Advisors LLC et al: Complaint

Complaint alleging "In an effort to retaliate against and silence Mr. Broidy, Qatar hired its go-to firm for underhanded cyber-operations, Defendant GRA, to unlawfully hack into Mr. Broidy's emails and into his company's servers to steal private communications, business documents, and other material" in Elliott Broidy, of Beverly Hills, California, and Broidy Capital Management LLC, of Los Angeles, California v. Global Risk Advisors LLC, of Delaware; GRA Maven LLC, described as "a military consulting firm" based in North Carolina; GRA Quantum LLC, described as "a full-service cybcersecurity company" based in New York, NY; Global Risk Advisors EMEA Limited, described as a Gibraltar company based in Qatar, and Kevin Chalker, described as "a former CIA officer" who is based in New York, at the U. S. District Court for the Southern District of New York.

Elite Insurance Company Ltd.: Administration

Public Statement by the Gibraltar Financial Services Commission announcing that Elite Insurance Company Limited has been found to be "insolvent" and was "placed into Administration on 11 December 2019".

Estate of Platon Elenin v. Mainstay Ltd.: Judgment

Judgment in Michael Thomas Leeds, Nicholas Stewart Wood, and Kevin John Hellard, as Joint Trustees of the insolvent Estate of Platon Elenin, a citizen of Russia formerly known as Boris Berezovsky (deceased) v. Mainstay Trust Limited, as Defendant, and Church Lane Trustees Limited and Sugarbay Ventures Limited, of the British Virgin Islands, as Applicants, at Gibraltar Supreme Court.

Manchester United Football Club Ltd. v. Select Management Resources LLC et al: Complaint

Complaint regarding a sponsorship agreement with Addison Global Limited, of Gibraltar, in Manchester United Football Club Limited, of England v. Select Management Resources LLC and Roderick Aycox, both of Alpharetta, Georgia, USA, at the U. S. District Court for the Northern District of Georgia. OffshoreAlert Note: In its most recent annual return for the period ended December 22nd, 2018, Addison Global Limited's directors were identified as Juergen Reutter, CEO, a citizen of Germany, and Nyreen Llamas, a citizen of the United Kingdom and a lawyer, both residing in Gibraltar, and its sole shareholder as Addison Global Holdings Limited, a Gibraltar company whose annual return for the period ended September 29th, 2018 identified its directors as Reutter and Llamas and its shareholder as Line Holdings Limited, a Gibraltar corporate services provider.

British fraud firm Etaireia Investments goes into administration

British firm Etaireia Investments Plc has gone into administration - four years after being exposed by OffshoreAlert for perpetrating a property-based investment fraud involving firms and individuals in the BVI, England, Gibraltar, Isle of Man, Scotland, Seychelles, and Spain.

Privilege Wealth Plc: Third Progress Report of Administrators

Administrators' Progress Report by insolvency practitioners Stephen Katz and John Kelmanson regarding Privilege Wealth Plc, a British firm that collapsed after being exposed as the perpetrator of an investment fraud by OffshoreAlert in 2016.

CFTC v. Yukom Communications Ltd. et al: Complaint

Complaint for "an illegal and fraudulent 'binary options' trading scheme" involving companies in Anguilla, Bulgaria, Cyprus, Gibraltar, Israel, Malta, Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and the United Kingdom in Commodity Futures Trading Commission v. Yukom Communications Ltd., of Israel; Linkopia Mauritius Ltd., of Mauritius; Wirestech Limited, d.b.a. BigOption, of the Marshall Islands; WSB Investments Ltd., d.b.a. BinaryBrook, of Anguilla, Gibraltar, St. Vincent and the Grenadines, and the United Kingdom; Zolarex Ltd., d.b.a. BinaryOnline, of the Marshall Islands; Yakov Cohen, an Israeli residing in Israel and Mauritius; Yossi Herzog, of Israel; Lee Elbaz, of Israel, currently incarcerated in the USA, and Shalom Peretz, of Israel, at the U. S. District Court for the Northern District of Illinois.

Towerbridge Group Ltd. v. Duane Morris: Complaint

Claim Form and Particulars of Claim alleging breach of fiduciary duty resulting in losses in excess of £1.3 million in Towerbridge Group Limited, domiciled in the British Virgin Islands, based in Cyprus v. Duane Morris, a London-based law firm, at the High Court of Justice for England and Wales.
Cayman Islands

Scandal-plagued Argentarius Group closes in Malta, moves to Cayman

Amid legal and regulatory issues, Argentarius Group - which provides low-cost, regulation-free investment funds to asset managers, particularly fraudsters - has closed down in Malta, having moved its headquarters to the Cayman Islands, where it operates as iMaps Capital.

Mundo Media Ltd. et al: Chapter 15 Petition

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.

Anatolie Stati et al v. State Street Corporation: Motion to Compel

Petitioners' Motion to Compel Production of Documents in Anatolie Stati, of Moldova; Gabriel Stati, of Moldova; Ascom Group SA, of Romania, and Terra Raf Trans Traiding Ltd., of Gibraltar v. State Street Corporation at the U. S. District Court for the District of Massachusetts.

Andrew Green v. Betfred Gibraltar: Complaint

Claim Form and Particulars of Claim for £1.7 million in Andrew Green v. Petfre (Gibraltar) Ltd., d.b.a. Betfred, described as "a provider of casino, bookmaking and betting facilities", at the High Court of Justice for England and Wales.