Isle of Man

Public Statement by the Isle of Man Financial Services Authority regarding the de-registration of DappTricity Plc, an Isle of Man company whose "whitepaper" identified its product as "blockchain-based systems for finance and gaming" and whose assets, according to the Isle of Man FSA, were transferred to "a company in the British Virgin Islands" after failing a regulatory inspection in the Isle of Man in March, 2021.

Public Statement by the Isle of Man Financial Services Authority that Intelligent Formations Limited and Christopher Stirk conducted regulated activity without a license. Editor's Note: Research by OffshoreAlert at the Isle of Man Companies Registry showed that Intelligent Formations Limited was formed in the Isle of Man on June 12th, 2020 and that its directors are Christopher Stirk, of the Isle of Man, who is also the beneficial owner, and Christian Burton, of York, England, while former directors include Sarah Southgate, of Leeds, England, who resigned effective December 28th, 2020, and Richard Macauley, of York, England, who resigned effective March 3rd, 2021. The group also includes at least two other companies with the same name, one in Britain that was incorporated on February 24th, 2020 and whose directors are identified in corporate filings as Sarah Southgate and Christian Burton, while former directors include Christopher Stirk, who resigned effective February 28th, 2021, and one in Hong Kong that was incorporated on May 25th, 2020 and whose directors are identified in corporate filings as Sarah Southgate and Daniel Burton, of York, England. Intelligent Formations' website at intelligentformations.com identifies the company's "Team" as Christopher Stirk, "Managing Director and Co-Founder"; Sarah Southgate, "Administration Director"; Michael Green, "Finance Manager"; Nick Stokes, "IT Manager and Web Design", and Chris Burton, "Business Consultant".

Complaint alleging fraud in Vikram P. Grover, d.b.a. IX Advisors, a.k.a. IXA v. Net Savings Link Inc., of Colorado; Wilton Group Limited, of the Isle of Man; Wilton (UK) Limited, of England; China Food and Beverage Co., of Colorado, and James A. Tilton, of New York, at the U. S. District Court for the Northern District of Illinois.

Injunction prohibiting the provision of corporate services in Isle of Man Financial Services Authority v. Intelligent Formations Limited and Christopher Stirk at the High Court of Justice of the Isle of Man.

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €443,670 on Truevo Payments Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that Truevo Payments Limited was incorporated in Malta on November 20th, 2013, its directors are Martin Azzopardi, Frank Xavier Caruana, Ivan Fsadni, and John Pollacco, all of Malta, and its shareholders are William Liu, of China, and Truevo Holdings Ltd., which was incorporated in Malta on July 27th, 2015, whose directors are John Pollacco and David Liu, of Malta, and whose shareholders are John Pollacco and Dalamear Investments Ltd., which was incorporated in the Isle of Man on June 12th, 2008, and whose directors are Sovereign Managers Limited and Sovereign Directors Ltd., both of the Isle of Man, represented by John Philip Dentith.

Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Accounts For All Limited. Editor's Note: Research by OffshoreAlert in the Isle of Man Companies Registry showed that Accounts For All Limited was incorporated on September 15th, 2003 and, in its last annual report, for 2017, its directors and shareholders were identified as James John Murphy Forbes, a British accountant, and Angela Michelle Forbes, also British, both of the Isle of Man, the latter of whom resigned as a director effective May 8th, 2019.

Public Statement by the Isle of Man Financial Services Authority regarding the revocation of the registration of James Ellwood, an English lawyer, for regulatory breaches.

Public Announcement "in the public interest" by the Isle of Man Financial Services Authority that Blackmore Global PCC Limited "has been operating as an open-ended investment company" without being licensed. Editor's Note: Research by OffshoreAlert in the Isle of Man Companies Registry showed that Blackmore Global PCC Limited was incorporated in the Isle of Man on September 27th, 2013 and, in its most recent annual return, for 2019, its directors were identified as Phillip Andrew Nunn, of Altrincham, Cheshire, England, and Patrick Michael McCreesh, of Gerrards Cross, Buckinghamshire, England. A former director is Brian Peter Weal, of Cadiz, Spain, who resigned effective May 29th, 2015 - seven days after he was exposed as a fraudster by OffshoreAlert.

Public Notice by the Isle of Man Financial Services Authority regarding regulatory action against Invoke Accounts Limited. Editor's Note: Research by OffshoreAlert at the Isle of Man Companies Registry showed that Invoke Accounts Limited, f.k.s. Best Accounts Limited, f.k.s. IOM BestPay Limited, was incorporated in the Isle of Man on January 7th, 2013 and, in its annual return for 2021, its directors were identified as Lloyd Duwa, a Zimbabwean accountant; David Tarpey, a British accountant, and Richard Stephen McAleer, an Irish "Finance Manager", and its sole shareholder was Centurion Group Limited, of the Isle of Man. Prior annual returns show that former directors include Peter Morris Adamson, a citizen of the United Kingdom; Samantha Cubbon, a citizen of the United Kingdom, and Nathan Cafearo, a British "Marketing Consultant" and former shareholders include Acervus Holdings Limited, Best Group International Limited, and Best Holdings Limited, all of the Isle of Man.

Cayman Islands hedge fund VR Global Partners is seeking evidence from U.S. lawyer Stuart Newberger for litigation in the Isle of Man in which it claims to have not received its share of $28.7 million of alleged proceeds from legal claims against the Pakistan Government.

Judgment for hundreds of millions of dollars in favor of a "wife" who "has been the victim of a series of schemes designed to put every penny of the Husband's wealth beyond her reach" involving individuals, companies, and structures in Bermuda, Cyprus, Dubai, England, France, Isle of Man, Liechtenstein, Luxembourg, Panama, Russia, and Switzerland in Tatiana Akhmedova v. Farkhad Teimur Ogly Akhmedov, a citizen of Russia; Woodblade Limited, of Cyprus; Cotor Investment SA, of Panama; Qubo 1 Establishment, of Liechtenstein; Qubo 2 Establishment, of Liechtenstein; Straight Establishment, of Liechtenstein; Avenger Assets Corporation, of Panama; Counselor Trust Reg, of Liechtenstein, as Trustee of certain Trusts; Sobaldo Establishment, of Liechtenstein, as Trustee of certain Trusts; Temur Akhmedov, described as "a British citizen who lives in London", and Borderedge Limited, of Cyprus, at the High Court of Justice, for England and Wales.

Application by VR Global Partners LP, of the Cayman Islands, to take discovery from Stuart Newberger, described as "a partner in the law firm of Crowell & Moring", for legal proceedings in the Isle of Man involving Broadsheet LLC (in Liquidation) and claims against the Government of Pakistan, filed at the U. S. District Court for the District of Columbia.

Chapter 11 Petition by Greensill Capital Inc., a Delaware-domiciled "financial services company" that "arranged factoring and reverse factoring programs for clients globally" and which is directly owned by Greensill Capital Management (UK) Limited, of the United Kingdom, and indirectly owned by Greensill Capital Pty Limited, of Australia, and is part of a group that includes companies in Australia, Brazil, Cayman Islands, Germany, India, Isle of Man, Netherlands, Singapore, Switzerland, South Africa, United Arab Emirates, and United Kingdom, at the U. S. Bankruptcy Court for the Southern District of New York.

Originating Application regarding insolvency proceedings in the Isle of Man in Simon John McNally and Simon Nicholas Hope Cooper v. Carl Stuart Jackson, of Southampton, England; Andrew Hosking, Simon Bonney, both of London, England, and Charlotte Caulfield, of the British Virgin Islands, as Joint Liquidators of Glen Moar Properties Limited, Unicorn Worldwide Holdings Limited, and Ballaugh Holdings Limited at the British Virgin Islands High Court.

Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Finchpay Limited after its director Richard Ian Kissack "pleaded guilty to eight counts of VAT fraud and one count of VAT evasion".

Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Ambitions Limited after its director Richard Ian Kissack "pleaded guilty to eight counts of VAT fraud and one count of VAT evasion".

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.

Defendant's Application to Strike Out Claims in Barry Dickinson, of Thailand, et al v. Quilter International Isle of Man Limited, f.k.a. Old Mutual International Isle of Man Limited, f.k.a. Nel Britannia International Assurance Limited, f.k.a. Royal Skandia Life Assurance Limited, of the Isle of Man, at the Isle of Man High Court.

Public Statement by the Isle of Man Financial Services Authority that it has disqualified Stephen David Cryer, described as "a senior financial advisor", for not being "fit and proper", a penalty that the regulator stated "reflects the serious nature of the lack of integrity of Mr Cryer".

Defense in Peter Kells, of Thailand, and other investors v. Friends Provident International Ltd., of the Isle of Man, at the Isle of Man High Court.

Administrative Order by the U. S. Securities and Exchange Commission revoking the registration of securities issued by Big Time Holdings, Inc., described as a "forfeited Delaware corporation located in Douglas, Isle of Man". Editor's Note: In a filing with the SEC on October 29th, 2018, Big Time Holdings Inc. identified its CEO and sole director as David Smeed, its former directors and officers as Thomas DeNunzio, Brian Kistler, and Mandla Gwadiso, and its principal shareholders as Ascot Group Plc, of the Isle of Man, and Palewater Global Management, Inc., of New York, NY. Records filed with the Isle of Man's Companies Registry show that the directors of Ascot Group Plc are David Gordon Smeed, of Dublin, Ireland, and Lee John Bernard Murphy, of the Isle of Man.

Public Statement by the Isle of Man Financial Services Authority imposing a fine of £62,996 on Island Financial Solutions Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Isle of Man Companies Registry showed that Island Financial Solutions Limited was formed on October 12th, 2002 and, in the company's annual return for 2019, its directors and shareholders were identified as Michael Shane Twist, a.k.a. Mike Twist, and Stephen John Groom, a.k.a. Steve Groom, each described as a "Financial Advisor" who is a citizen of the United Kingdom.

Public Statement by the Isle of Man Financial Services Authority that it has disqualified Greg Nicholas Taylor, who worked as an insurance administrator.

Specially Indorsed Writ of Summons for $175,000 in allegedly unpaid legal fees, plus interest, in ASW Law Limited, a Bermuda law firm v. Stavanger Limited, of the Isle of Man, at Bermuda Supreme Court. Editor's Note: Research by OffshoreAlert in the Isle of Man Companies Registry showed that Stavanger Limited was incorporated in the Isle of Man on March 10th, 2014 and that its sole director is Kleino Limited, also of the Isle of Man. Kleino Limited was incorporated in the Isle of Man on December 30th, 2010 and its directors are Mark Jonathan Lewin, Christopher James Tushingham, and John Craig Brown, all of the Isle of Man.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Isle of Man by Carl Jackson, Simon Bonney, and Amy Louise Slee, as the Foreign Representatives of Legion N.A. Investments Ltd., described as being "part of a larger group of companies called the 'Arena Group', which also includes, among others, Sulby Alternatives Limited, Square Mile Services, Limited, Misprint Limited, Land Consultants Limited, and Local Protectors Limited", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Originating Summons in Nkwe Platinum Limited, of Bermuda v. Glendina Limited, of Australia, as Trustee of the Sunset Superannuation Fund; Genorah Resources Proprietary Limited, of South Africa, and 456 individual defendants from Australia, Germany, Isle of Man, Malaysia, New Zealand, Sweden, Thailand, United Kingdom, and United States at Bermuda Supreme Court.

Notice by the Isle of Man Financial Services Authority that Paul Deighton has received a 12-year Disqualification. Editor's Note: In December, 2019, Deighton was sentenced to four years and nine months in prison after being convicted of swindling his clients out of nearly £700,000 in a fraudulent investment scheme via his company, Haven Administration Limited, according to a news article by the Isle of Man Examiner.

Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £2,170 on Citadel Insurance Company Limited for "a number of regulatory failings".

Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £7,770 on Isle of Man Insurance Management Limited for "a number of regulatory failings".

Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £87,108 on Isle of Man Assurance Limited for "a number of regulatory failings".

Complaint in Rybovich Boat Company LLC v. M/Y Naia, described as "a 242-foot Freire Shipyard motor yacht" registered in the Isle of Man, and Peninsula Marine Limited, of the Isle of Man, at the U. S. District Court for the Southern District of Florida.

Notice of Removal in Insured Aircraft Title Service LLC v. Comfort Jet Aviation Ltd., of the Isle of Man; Aeromanagement, Inc., Kent Aviation, LLC, and Dassault Falcon Jet-Wilmington Corp. at the U. S. District Court for the Western District of Oklahoma.

Amended Claim Form and Particulars of Claim for damages in excess of £50 million for alleged negligence and misrepresentation regarding the sale of failed investment products, including New Earth Fund, Axiom Legal Financing Fund, LM Group of Funds, Eco Resources Fund, and Kijani Commodity Fund in Peter Kells, of Thailand, and other investors v. Friends Provident International Ltd., of the Isle of Man, at the Isle of Man High Court.

Amended Claim Form and Particulars of Claim for damages in excess of £50 million for alleged negligence and misrepresentation regarding the sale of failed investment products, including New Earth Fund, Axiom Legal Financing Fund, LM Group of Funds, Eco Resources Fund, and Kijani Commodity Fund in Barry Dickinson, of Thailand, and other investors v. Quilter International Isle of Man Limited, f.k.a. Old Mutual International Isle of Man Limited, f.k.a. Nel Britannia International Assurance Limited, f.k.a. Royal Skandia Life Assurance Limited, of the Isle of Man, at the Isle of Man High Court.

Emergency Ex Parte Motion for a Temporary Restraining Order regarding accounts in Canada, the Cayman Islands, Hong Kong, Isle of Man, Malta, and the USA in U. S. Securities and Exchange Commission v. Nelson Gomes, described as a citizen of Canada who "resides at various times in the Bahamas and Hong Kong"; Michael Luckhoo-Bouche, a citizen of Canada residing in Mississauga, Ontario; Shane Schmidt, a citizen of Canada residing in Vancouver, British Columbia; Douglas Roe, a citizen of Canada residing in Vancouver, British Columbia; Kelly Warawa, a citizen of Canada residing in Vancouver, British Columbia; FFS Capital Limited, of Hong Kong; Paifang Trading Limited, of Hong Kong; Atlantean Management Corporation, of Canada; Meadow Asia Limited, of Hong Kong, and Thyme International Limited, of Hong Kong, at the U. S. District Court for the District of Massachusetts.

Complaint in N888JK Limited, of the British Virgin Islands v. Equiom (Isle of Man) Limited, of the Isle of Man, as Trustee of ANAP Aircraft Ownership Trust, at the Supreme Court of the State of New York, County of New York.

Judgment in Lea Lilly Perry and Tamar Perry v. Lopag Trust Reg., of Liechtenstein; Private Equity Services (Curaçao) NV, of Curaçao; Fiduciana Verwaltungsanstalt, of Liechtenstein; Gal Greenspoon, Yael Perry, Dan Greenspoon, Ron Greensoon, Ron Greenspoon, Mia Greenspoon, by Hagai Greenspoon, her guardian ad litem, and Admintrust Verwaltungs Anstalt at the Grand Court of the Cayman Islands.

Scotland-based Swan Developments Management Limited has become the latest firm to go into liquidation that was operated by, or associated with, the notorious Swan Group of British investment fraudsters.

Winding Up Petition in Banque Pictet & Cie SA, of Switzerland, described as a creditor that is owed $11.6 million v. TCA Global Credit Fund Ltd. at the Grand Court of the Cayman Islands.

The Isle of Man Financial Services Authority has revoked the registration of South Korea-based Crypto Meca Ltd., which solicited investors' funds last year purportedly to finance the development of a virtual casino platform that has not been launched.

Announced by the Isle of Man Financial Services Authority that the registration of Crypto Meca Limited was revoked for "failure to pay the annual fee".

Judgment in Highlights Holdings Limited v. SMP Partners Limited, Rivercroft Limited, and Cedargrove Limited at the Isle of Man High Court.

Judgment regarding an application for summary judgment in Wilton Trustees (IoM) Limited and Fiduciana Verwaltungsanstalt, as Trustees of the Erica Settlement v. AFS Trustee Ltd. at the British Virgin Islands High Court.

Public Statement announcing the imposition of a civil penalty against insurance broker Kestrel Insurance Services Limited, whose directors during the relevant period were identified as Alan Burrows, Kate Burrows, and Paul Coniglio-Burrows. Research by OffshoreAlert showed that, in its 2019 annual return with the Isle of Man Government, the company's shareholders were identified as Beacon Holdings Ltd., of the Isle of Man; Mark Burrows, of the Isle of Man; Alan Burrows, and Paul Coniglio-Burrows.

Seventh Report of the Receivers of Axiom Legal Financing Fund, of the Cayman Islands.

Notice by the Isle of Man Financial Services Authority regarding the Director Disqualification of Phillip Sean McCarthy.

Fixed Date Claim Form regarding Naussal Holdings Inc. in Margaret Alison Riley, of the Isle of Man v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Judgment imposing a Disqualification in Isle of Man Financial Services Authority v. Phillip Sean McCarthy at the Isle of Man High Court.

Public Statement by the Isle of Man Financial Services Authority regarding "the imposition of a discretionary civil penalty" against Fedelta Trust Limited.

Former UK "military personnel" were persuaded to transfer their government pensions to Guernsey-based Marlborough Pension Trustees, which then invested their assets in unsuitable "high-risk investments" that failed and distributed false net asset values that concealed losses, a regulator has claimed.