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kenneth-rijock

Israeli attorney Steven Slom awarded damages of $1 after being falsely accused of money laundering by Kenneth Rijock

December 1, 2021
Israel-based attorney Steven Slom has been awarded nominal damages of $1 by a jury in Miami after being falsely described as a ‘money launderer, tax evader and career criminal’ by self-described ‘financial crime consultant’ Kenneth Rijock in private communications with a resident of Houston, Texas. Slom did not pursue damages against Rijock for similar false claims in Rijock's online 'Financial Crime Blog' after Rijock published "a complete and total retraction" shortly after being sued in 2016.

SEC v. Marc Demane Debih: Complaint

November 30, 2021
Complaint alleging the defendant "traded on inside information and tipped others ahead of numerous market-moving corporate announcements in an international insider trading ring that generated tens of millions in illicit profits for the participants, with Debih himself netting at least $49 million" in a scheme allegedly involving individuals in or from England, France, Greece, Israel, Switzerland, and Thailand, in U. S. Securities and Exchange Commission v. Marc Demane Debih, described as a resident of Switzerland, at the U. S. District Court for the Southern District of New York.

Steven Slom v. Kenneth Rijock: Verdict Form

November 17, 2021
Verdict Form awarding the plaintiff damages of $1 in Steven Slow, an attorney in Israel v. Kenneth Rijock at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

IT Invest Financial Solutions (Cyprus) Ltd. v. EVC Fintech I LLC et al: Notice of Removal

October 25, 2021
Notice of Removal by defendants regarding a dispute involving "a block of shares of eToro, an Israeli social trading and multi-asset brokerage company that is not yet publicly traded", in IT Invest Financial Solutions (Cyprus) Limited, of Cyprus v. EVC Fintech I LLC and EVC Fintech Management LLC, both of Delaware, at the U. S. District Court for the Northern District of California.

Maxigrid Ltd.: License Suspension

October 15, 2021
Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the license of investment firm Maxigrid Ltd. for regulatory breaches.

Maxiflex Ltd.: License Suspension

October 15, 2021
Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the license of investment firm Maxiflex Ltd. for regulatory breaches.

Gerobin Finances Pty Ltd. et al: Chapter 15 Petition

September 30, 2021
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Australia by Sheahan and Lock, as the Foreign Representatives of Gerobin Finances Pty Ltd., Erbin Finances Pty Limited, Rawbin Finances Pty Limited, Marbin Finances Pty Limited, Erma Nominees Pty Limited, and Ligon 158 Pty Limited, described as members of "a remarkably complex group of companies controlled and operated by, and used for the personal benefit of, the Binetter family, many of which companies have been the subject of a far-ranging tax investigation by the Australian Taxation Office", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Israel: Dror Dahan et al

September 23, 2021
Application for the appointment of a Commissioner to collect evidence from Lightspeed Financial Services Group LLC - pursuant to a request for judicial assistance from Israel - for use in a criminal investigation into Dror Dahan and Hadar Dahan for suspected fraud and money laundering.

Varda Burstein v. AutoLotto Inc. et al: Complaint

September 8, 2021
Complaint for $3 million alleging "an outrageous and blatant fraud" in Varda Burstein, a resident of Israel v. AutoLotto Inc., described as an Austin, Texas-based "online lottery company that generated revenue through state-sanctioned lotteries and charitable raffles", and Tony DiMatteo, of Texas, at the U. S. District Court for the Western District of Texas.

Moises Khafif v. Daniella Gabbay et al: Claim Form

August 26, 2021
Claim Form in Moises Khafif, of Uruguay v. Daniella Gabbay, of Israel, as admininstrator of the Estate of Samuel David Katz, deceased, and Worthing Properties Limited, of the British Virgin Islands, at the British Virgin Islands High Court.

Michael Ben-Ari: Chapter 15 Petition

August 3, 2021
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Israel by Lior Dagan, as the Foreign Representative of Michael David Greenfield, a.k.a. Michael Ben-Ari, whose Israeli investment company, EGFE Israel Ltd., "is suspected of being one of the largest known Ponzi schemes in Israel", in which losses to "victims" are estimated to be "between NIS 300 to 600 million" (approx. US$93 million and $186 million at current exchange rates), filed at the U. S. Bankruptcy Court for the Southern District of New York.

USA v. Anthony Stimler: Criminal Information

July 26, 2021
Criminal Information alleging conspiracy to violate the Foreign Corrupt Practices Act and money laundering regarding an alleged bribery scheme involving individuals and entities in or from the British Virgin Islands, Cyprus, Israel, Mexico, Nigeria, Spain, Switzerland, United Kingdom, and USA in USA v. Anthony Stimler, a citizen of the United Kingdom who worked as a trader, at the U. S. District Court for the Southern District of New York.

IDT Financial Services Ltd.: £298K Settlement

July 22, 2021
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.

Romania: Lucian Mazilu

July 20, 2021
Complaint to extradite Lucian Mazilu from the USA to Romania so that he can serve a five-year prison sentence after being convicted "in abstentia" of tax fraud and money laundering, filed at the U. S. District Court for the Middle District of Florida.

SEC v. Jonathan Mimun et al: Complaint

July 12, 2021
Complaint alleging "a multi-million dollar scheme to defraud retail investors in the United States through the unregistered offer and sale of security-based binary options from at least December 2014 through June 2017" that, inter alia, involved Porter Finance and Dalton Finance in U. S. Securities and Exchange Commission v. Jonathan Mimun, a.k.a. Yoni Mimun, a.k.a. Jonathan Maymon, described as "a Canadian citizen residing in Israel", and Ronn BenHarav at the U. S. District Court for the District of Nevada.

USA v. Ofer Abarbanel: Criminal Complaint

June 24, 2021
Criminal Complaint alleging securities fraud involving Cayman Islands-domiciled Income Collecting 1-3 Months T-Bills Mutual Fund in USA v. Ofer Abarbanel at the U. S. District Court for the Southern District of New York.

SEC v. Ofer Abarbanel et al: Complaint

June 21, 2021
Complaint alleging "a fraudulent investment scheme" in U. S. Securities and Exchange Commission v. Ofer Abarbanel, described as a citizen of Israel residing in California; Victor Chilelli, described as a resident of Delaware, and Income Collecting 1-3 Months T-Bills Mutual Fund, described as "a mutual fund registered in the Cayman Islands", as Defendants, and Institutional Syndication LLC, North American Liquidity Resources LLC, Institutional Secured Credit LLC, Growth Income Holdings LLC, and Global EMEA Holdings LLC, as Relief Defendants, at the U. S. District Court for the Southern District of New York. Editor's Note: In the complaint, the SEC alleged that "Abarbanel and Chilelli arranged for friends (including a friend's wife) and nominee personnel in the Bahamas and British Virgin Islands to serve as directors of the Fund". Research by OffshoreAlert at the Cayman Islands General Registry showed that the directors of Income Collecting 1-3 Months T-Bills Mutual Fund are Boisy Roberts, of the Bahamas, and "Trevo Liburd", of the British Virgin Islands, which appears to be a typo and a reference to Trevor Liburd.

SEC v. Ofer Abarbanel et al: Asset Freeze Application

June 21, 2021
Asset Freeze Application in U. S. Securities and Exchange Commission v. Ofer Abarbanel, described as a citizen of Israel residing in California; Victor Chilelli, described as a resident of Delaware, and Income Collecting 1-3 Months T-Bills Mutual Fund, described as "a mutual fund registered in the Cayman Islands", as Defendants, and Institutional Syndication LLC, North American Liquidity Resources LLC, Institutional Secured Credit LLC, Growth Income Holdings LLC, and Global EMEA Holdings LLC, as Relief Defendants, at the U. S. District Court for the Southern District of New York.

Cayman fund accused of ‘$106M fraud’ by US SEC

June 21, 2021
Cayman Islands-domiciled Income Collecting 1-3 Months T-Bills Mutual Fund, whose directors reside in the Bahamas and British Virgin Islands, and its Israeli principal, Ofer Abarbanel, have been accused by the U.S. SEC of swindling investors who have been unable to redeem $106 million.

Addoox Media Ltd.: Chapter 15 Petition

June 18, 2021
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Israel by Uri Braun, as the Foreign Representative of Addoox Media Ltd., filed at the U. S. Bankruptcy Court for the Northern District of California.

Gil Beserglik et al: Industry Bans

May 19, 2021
Administrative Order by the U. S. Securities and Exchange Commission imposing industry bans on Gil Beserglik, 64, a citizen of Israel; Raz Beserglik, 35, a citizen of Israel, and Kai Christian Petersen, 53, a citizen of Germany, regarding their involvement in binary options brokers.

Valerie Greenfeld v. Squidvision Corp. et al: Complaint

May 3, 2021
Complaint alleging "a series of fraudulent schemes orchestrated by Defendant, Amir Preisler, and his various cohorts, to illegally sell unregistered securities and solicit investment in sham companies, under the guise of developing cutting-edge technologies and promoting social good" in Valerie Greenfeld v. Squidvision Corp., Kannahaus Corp., Ecoflame Solutions Corp., Scentcast LLC, all of Delaware; Bobby Orbach, of New York; Amir Preisler, of Florida; Hezi Basok, of Israel, and Noga Solovey, of Florida, at the U. S. District Court for the Southern District of Florida.

Bagir Group Ltd.: Chapter 15 Petition

April 26, 2021
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Israel by Ilan Shavit-Stricks, as the Foreign Representative of Bagir Group Limited, described as am Israeli apparent company that "had interests in five companies in foreign countries - Egypt, Ethiopia, the United States, England and the British Virgin Islands as well as a representative regional office in Vietnam" and whose shares are listed "on the Alternative Investment Market, a sub-market of the London Stock Exchange", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Stands4 LLC et al v. Dan.com: Complaint

April 21, 2021
Complaint alleging the defendants induced the plaintiffs "to transfer substantial funds to DAN.com for a domain name [calculator.com] that Defendants did not own and could not sell" in Stands4 LLC, of Delaware, and Stands4 Ltd., of Israel v. Undeveloped BV, d.b.a. Dan.com, of the Netherlands, at the U. S. District Court for the District of Delaware.

SEC v. Spot Tech House Ltd. et al: Complaint

April 16, 2021
Complaint alleging "a multi-million dollar fraudulent scheme involving unregistered offers and sales of security-based "binary options" to retail investors in the United States from at least April 2012 through August 2017" in U. S. Securities and Exchange Commission v. Spot Tech House Ltd., formerly Spot Option Ltd.; Malhaz Pinhas Patarkazishvili, a.k.a. Pini Peter, a.k.a. Pinhas Peter, and Ran Amiran, all of Israel, at the U. S. District Court for the District of Nevada.

Roee Rachagmim v. Tsurel Yazamut Ltd.: Discovery Application

March 31, 2021
Application for the appointment of a Commissioner to take discovery from JPMorgan Chase Bank - pursuant to a request for judicial assistance from the District Court in Jerusalem, Israel - for use in legal proceedings in Israel styled as "Roee Rachagmim v. Tsurel Yazamut Ltd." that involve allegations of investment fraud, filed at the U. S. District Court for the Southern District of Indiana.

Maxigrid Limited: €75K Settlement

March 5, 2021
Public Notice by the Cyprus Securities and Exchange Commission that Maxigrid Limited has paid €75,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Maxigrid Limited, formerly known as AGM Markets Ltd., was incorporated in Cyprus on July 2nd, 2010 and its directors are Katerina Papanikolaou, Jekaterina Pedosa, and Roy Almagor, who appears to be a citizen of Israel.

BH Investments Funds LLC et al v. Teva Pharmaceutical Industries Ltd. et al: Complaint

October 29, 2020
Complaint "to recover significant investment losses suffered as a result of a massive fraud that led investors to believe that Teva - the world's largest generic drug manufacturer - was experiencing strong financial growth over a number of years based on fundamentally sound business practices when, in fact, Teva's performance was being driven by an illegal practice of colluding with other drug manufacturers to systematically increase the price of scores of generic drugs" in BH Investments Funds LLC, Brahman Partners III LP, Brahman Partners II LP, Brahman Partners IV LP, all of Delaware; Brahman Partners II Offshore Ltd., Brahman Partners IV (Cayman) Ltd., and East 71 Ltd., all of the Cayman Islands v. Teva Pharmaceutical Industries Ltd., of Israel; Erez Vigodman, Eyal Desheh, Sigurdur Olafsson, Deborah Griffin, Kåre Schultz, Michael McClellan, and Yitzhak Peterburg at the U. S. District Court for the District of Connecticut.

Tradenet Capital Markets Ltd.: $130K Fine

October 23, 2020
Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $13,000 on Tradenet Capital Markets Ltd., of Israel, for regulatory breaches.

CFTC v. David Cartu et al: Complaint

September 2, 2020
Complaint alleging "a massive fraudulent 'binary options' trading scheme" amounting to $165 million and involving individuals and companies in or from Belize, the British Virgin Islands, Canada, Israel, Seychelles, United Kingdom, and USA in Commodity Futures Trading Commission v. David Cartu, Jonathan Cartu, and Joshua Cartu, described as brothers who are all citizens of Canada; Ryan Masten, of Austin, Texas; Leeav Peretz, a.k.a. Lee Cole, and Nati Peretz, both described as being "from Windsor, Ontario, Canada" and currently residing in Israel; All Out Marketing Limited, of the British Virgin Islands; BareIt Media LLC, d.b.a. SignalPush, of Texas; Blue Moon Investments Ltd., of the Seychelles, and Orlando Union Inc., of Belize, at the U. S. District Court for the Western District of Texas.

Anton Senderov et al: Industry Bans

September 2, 2020
Administrative Order imposing industry bans on Anton Senderov and Lior Barbazara, both citizens of Israel, regarding their involvement in "internet binary options brokers LBinary and Ivory Option", before the U. S. Securities and Exchange Commission.

SEC v. Sepehr Sarshar: Complaint

August 25, 2020
Complaint alleging insider trading involving Auspex Pharmaceuticals Inc., of Delaware, and Teva Pharmaceutical Industries Ltd., of Israel, in U. S. Securities and Exchange Commission v. Sepehr Sarshar at the U. S. District Court for the Southern District of New York.

USA v. Sepehr Sarshar: Criminal Complaint

August 25, 2020
Criminal Complaint alleging securities fraud involving Auspex Pharmaceuticals Inc., of San Diego, California, and Teva Pharmaceutical Industries Ltd., of Israel, in USA v. Sepehr Sarshar at the U. S. District Court for the Southern District of California.

Teva Pharmaceutical Industries Ltd. et al: Statement of Charges

August 17, 2020
Statement of Charges and Notice of Hearing regarding the "false and misleading marketing" of opiod products in the matter of Teva Pharmaceutical Industries Ltd., of Israel; Teva Pharmaceuticals USA Inc., of Pennsylvania; Cephalon Inc., of Delaware; Watson Laboratories Inc., of Nevada; Actavis Pharma Inc., of Delaware; Actavis LLC, of Delaware; Actavis Elizabeth LLC, of Delaware; Allergan Plc, of Ireland, and Allergan Finance LLC, of Nevada, before the New York State Department of Financial Services.

Matthew Ellison v. Tufin Software Technologies Ltd. et al: Class Action Complaint

July 21, 2020
Class Action Complaint in Matthew Ellison v. Tufin Software Technologies Ltd., described as "an Israeli company that develops, markets, and sells software and cloud-based security solutions" whose shares are listed on the New York Stock Exchange; Reuven Kitov, Jack Wakileh, Reuven Harrison, Ohad Finkelstein, Edouard Cukierman, Yair Shamir, Ronni Zehavi, Yuval Shachar, JPMorgan Securities LLC, Barclays Capital Inc., Jefferies LLC, Oppenheimer & Co. Inc., Robert W. Baird & Co. Inc., Piper Jaffray & Co. Inc., Piper Jaffray & Co., Stifel Nicolaus & Company Inc., William Blair & Company LLC, and DA Davidson & Co. at the U. S. District Court for the Southern District of New York.

Walter Soriano v. Forensic News LLC et al: Claim Form (‘Defamation’)

July 14, 2020
Claim Form in Walter Tzvi Soriano, of London, England v. Forensic News LLC, of California, USA; Scott Stedman, of California, USA; Eric Levai, of California, USA; Jess Coleman, of New York, USA; Robert DeNault, of Pennsylvania, USA, and Richard Silverstein, of Washington, USA at the High Court of Justice of England and Wales.

Lilly Perry et al v. Lopag Trust Reg. et al: Judgment

May 27, 2020
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.

USA v. Executor of Marc Ratzersdorfer’s Estate: Complaint

May 22, 2020
Complaint for damages of $4 million regarding failure to disclose accounts at Swiss banks in USA v. Jane Doe, as the Executor of the Estate of Marc Ratzersdorfer, at the U. S. District Court for the District of Columbia.

Benjamin Steinmetz v. Vale SA et al: Discovery Application (England)

May 21, 2020
Application by Benjamin Steinmetz, of Israel, described as an "adviser" to BSG Resources Limited, "a Guernsey-based international mining and natural resources company", to take discovery from Vale SA, described as a Brazil company that is "one of the largest mining companies in the world"; Vale Americas Inc., Rio Tinto Plc, and Rio Tinto Limited for use in legal proceedings in the United Kingdom involving Vale S.A., of Brazil; Vale Holdings B.V., of the Netherlands, and Vale International S.A., of Switzerland, filed at the U. S. District Court for the Southern District of New York.

USA v. Bank Hapoalim BM et al: $160M Forfeiture Complaint

May 20, 2020
Forfeiture Complaint regarding $160 million of "gross proceeds from its scheme to defraud the United States" in USA v. Bank Hapoalim BM, of Israel, and Hapoalim (Switzerland) Ltd., of Switzerland, at the U. S. District Court for the Southern District of New York.

Shamir Capital v. Enlivex Therapeutics Ltd.: Complaint

May 13, 2020
Complaint alleging securities fraud in S.H.N. Financial Investments Ltd., d.b.a. Shamir Capital, of Israel v. Enlivex Therapeutics Ltd., of Israel, at the U. S. District Court for the Southern District of New York.