Em@ney Plc: ‘No New Clients’ (Malta)
Public Notice by the Malta Financial Services Authority that it was ordered Em@ney Plc to "Cease the on-boarding of new clients".
USA v. Nigel Sinclair et al: Criminal Indictment (‘$5M Offshore Tax Fraud’)
Criminal Indictment alleging the concealment of $25 million of income via an offshore tax fraud scheme involving individuals, entities and/or accounts in Australia, British Virgin Islands, England, Jersey, in the Channel Islands; Malta, Monaco, Switzerland, and USA in USA v. John Nigel Barton Sinclair, described as a dual citizen of the United Kingdom and United States and film producer who "has received Emmy and Grammy awards", and Anthony Stewart, described as a citizen and resident of Australia and a chartered accountant, at the U.S. District Court for the Central District of California.
Vantage Mezzanine Fund II Partnership v. The Clearing House Payments Company LLC et al: Discovery Application (Bermuda, England, Ghana, Italy, Malta & Switzerland)
Application by Vantage Mezzanine Fund II Partnership, acting through Vantage Mezzanine Fund II (Pty) Ltd. to take discovery from The Clearing House Payments Company LLC, Barclays Bank PLC, Citibank N.A., Deutsche Bank Trust Company Americas, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., The Bank of New York Mellon, The Northern Trust Company/The Northern Trust International Banking Corporation, UBS AG, Wells Fargo Bank N.A., Bank of America N.A., and Standard Chartered Bank for use in legal proceedings in Bermuda, England, Ghana, Italy, Malta and Switzerland regarding an attempt to enforce a $59 million arbitration award against Ghana businessman John Eric Kowdo Taylor, filed at the U.S. District Court for the Southern District of New York.
Marnie Gracey v. Marwan Mohammed Albawardi et al: Amended Petition for Receiver (‘$49M Divorce Judgment’)
Amended Petition for the Appointment of a Receiver in Marnie Leigh Gracey v. Marwan Ahmad Mohammed Albawardi, described as a "Saudi national, a citizen of Malta and also a legal resident of Monaco, the United Kingdom, and Cayman Islands" and "mastermind of criminal enterprise, a fraudster, a con artist, and a pathological liar living behind the façade of a sophisticated web of trusts and business entities which he would ultimately rely upon to deprive Gracey and their children to their rightful share of such assets"; Dlayal Holdings Inc., formerly known as Oasis Ventures-U.S., Inc.; Oasis Direct Seven, LLC, Owl Creek Ranch LLC, First Arizona Properties, LLC, North Star Seven LLC, Table Top Ranch, LLC, Terre de Bison, Knollwood Property Holdings LLC, White Paper LLC, Tranquility Holdings, LLC, September Holdings LLC, Omayyah LLC, Les Villas d'Omayyah LLC, and Paris Summer LLC at the Court of Chancery of the State of Delaware, USA.
ACF Renewable Energy Ltd. v. Bulgaria: Complaint to Enforce Arbitral Award (€71M)
Complaint "to recognize and enforce an arbitral award" in ACF Renewable Energy Limited, of Malta v. The Republic of Bulgaria at the U.S. District Court for the District of Columbia.
USA v. Douglas Edelman et al: Criminal Indictment (‘Tax Evasion on $350M of Income’)
Criminal Indictment alleging tax evasion on more than $350 million of income received "as a defense contractor during the United States' post-9/11 military efforts in Afghanistan and the Middle East" involving bank accounts and/or companies in Bahamas, Belize, British Virgin Islands, Gibraltar, Malta, Mexico, Netherlands, Panama, Singapore, Switzerland, and United Arab Emirates in USA v. Douglas Edelman, described as a citizen of the USA, and Delphine Le Dain, described as a citizen of France who is married to Edelman, both of whom "have lived in recent years in the United Kingdom and Spain, but currently live in Switzerland", at the U.S. District Court for the District of Columbia.
Swiss asset manager Heinz Kubli’s investment fund TTC SICAV has license revoked by Malta regulator
Malta Financial Services Authority has revoked the licenses of Swiss asset manager Heinz Kubli's investment fund TTC SICAV Plc and its sub-fund, TTC Green Energy Fund, for several regulatory breaches.
TTC SICAV Plc et al: License Revocations (Malta)
Public Notice by the Malta Financial Services Authority that it has cancelled the licenses of investment funds TTC SICAV Plc and TTC Green Energy Fund for regulatory breaches.
SBK ART LLC v. Akin Gump Strauss Hauer & Feld LLP: Discovery Application (Malta & Netherlands)
Application by SBK ART LLC to take discovery from Akin Gump Strauss Hauer & Feld LLP "in connection with a proceeding in Malta and an anticipated action in the Netherlands or some other foreign court", filed at the U.S. District Court for the Southern District of New York.
SBK ART LLC v. Kroll LLC: Discovery Application (Malta & Netherlands)
Application by SBK ART LLC to take discovery from Kroll LLC "in connection with a proceeding in Malta and an anticipated action in the Netherlands or some other foreign court", filed at the U.S. District Court for the Southern District of New York.
Nordboen Shipping Ltd. v. M/V Bulk Spencer et al: Complaint (‘Russia Sanctions/Insurance Withdrawal’)
Complaint in Nordboen Shipping Ltd., of Malta v. M/V Bulk Spencer and Bulk Spencer Navigation Ltd., of the Marshall Islands, at the U.S. District Court for the District of Maryland.
SBK ART LLC v. Houlihan Lokey: Discovery Application (Malta)
Application by SBK ART LLC, "which used to be a subsidiary of Sberbank of Russia, and which was acquired by Dubai businessman Saif Alketbi on October 31, 2022", to take discovery from Houlihan Lokey, described as a "Los Angeles-based global investment bank", for use in legal proceedings in Malta alleging that Open Pass Limited, described as a Malta-domiciled company whose "key ultimate owner ... is a Croatian tycoon, Mr. Pavao Vujnovac”, and the management of Fortenova Group, described as "a major food and retail company based in Zagreb, Croatia" that "has annual revenues that exceed 5 billion Euro and employs more than 40,000 people”, engaged in a scheme “to fraudulently remove SBK ART from its rightful ownership in the Fortenova Group", filed at the U.S. District Court for the Central District of California.
OKCoin Europe Ltd.: €304K Settlement (Malta)
Public Notice by the Malta Financial Services Authority that OKCoin Europe Ltd. has agreed to pay an "administrative penalty" of €304,000 to settle an investigation in which the regulator "found failings in respect of Article 41 of the Virtual Financial Assets Act".
Pacento 2 Ltd. v. PCH International Holdings: Winding Up Petition (‘$2.76M Debt’)
Winding Up Petition in Pacento 2 Limited, of Malta v. PCH International Holdings, described as "an investment holding company that is engaged in the business of product design engineering and development services as well as manufacturing and distribution services primarily in Asia, Europe and North America", at the Grand Court of the Cayman Islands.
Paolo Ranuzzi de Bianchi et al v. PDVSA: Complaint (‘$1.8M Bonds Default’)
Complaint in Paolo Ranuzzi de Bianchi and Cristina di Carpegna, each described as "a citizen of Italy and a resident of the Republic of Malta" v. Petróleos de Venezuela S.A., a.k.a. PDVSA, at the U.S. District Court for the Southern District of New York.
Paolo Ranuzzi de Bianchi v. Venezuela: Complaint (‘$6.7M Bonds Default’)
Complaint in Paolo Ranuzzi de Bianchi, described as "a citizen of Italy and a resident of the Republic of Malta" v. The Bolivarian Republic of Venezuela at the U.S. District Court for the Southern District of New York.
Crypto investment firm AuBit International goes into liquidation amid suspected $160M fraud
Citing insolvency and the need for a "full investigation" into its activities, Cayman Islands judge David Doyle has granted a petition to wind up crypto/forex investment firm AuBit International, which is suspected of committing a $160 million fraud.
LedgerScore International Pte Ltd. et al v. AuBit International: Winding Up Judgment (‘Crypto Investment Fraud’)
Ex Tempore Judgment granting the plaintiffs' petition for a winding-up order in LedgerScore International Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described in the winding up petition as “retail investors who utilized an online cryptocurrency trading platform operated by the Company called “Freeway”, and who invested in Freeway’s Supercharger program” v. AuBit International at the Grand Court of the Cayman Islands.
Westsphere SICAV Plc: License Revocation (Malta)
Public Notice by the Malta Financial Services Authority that it has revoked the investment license of Westsphere SICAV Plc for regulatory breaches.
AuBit International: Judgment (‘Dismissing Restructuring Petition’)
Judgment dismissing a petition for the appointment of restructuring officers in the matter of AuBit International at the Grand Court of the Cayman Islands.
Alchemy Markets Ltd.: €419K Fine (Malta)
Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €419,997 on Alchemy Markets Limited, formerly NSFX Limited, for regulatory breaches.
MTACC Ltd.: License Suspension (Malta)
Public Notice by the Malta Financial Services Authority that it has suspended the financial institution license of MTACC Ltd., which trades as ePayService, for regulatory breaches.
LedgerScore International Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
Winding Up Petition in LedgerScore International Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described as "retail investors who utilized an online cryptocurrency trading platform operated by the Company called "Freeway", and who invested in Freeway's Supercharger program" v. AuBit International at the Grand Court of the Cayman Islands.
IIG Structured Trade Finance Fund Ltd. v. Sancor Cooperativas Unidas Ltda. et al: Complaint (‘$61.5M Loans’)
Complaint for "repayment of more than $61,500,000.00" in IIG Structured Trade Finance Fund Limited (in Official Liquidation), of the Cayman Islands v. Sancor Cooperativas Unidas Limitada, of Argentina, and Sancor do Brasil Productos Alimenticios Ltda., of Brazil, at the U.S. Bankruptcy Court for the Southern District of New York.
USA v. 489,269.52 Tether: Forfeiture Application (‘$500K Romance Fraud & Crypto Laundering’)
Forfeiture Application regarding the "proceeds of a wire fraud/romance scheme, also known as 'pig butchering'" in USA v. 489,269.52 Tether on deposit in a Kraken account in the name of OSL SG Pte Ltd., described as a Singapore company established by "a United Kingdom citizen, Suzanne Jensen", at the U.S. District Court for the Eastern District of Wisconsin.
British fugitive fraudster Anthony Constantinou implicated in new forex and crypto scheme involving Greek broker Ardu Prime
British fugitive fraudster Anthony Constantinou has allegedly been participating in a new forex trading and crypto scheme that may have swindled investors out of tens of millions of dollars and involves entities and individuals in or from the Cayman Islands, England, Greece, Ireland, Malta, Seychelles, United Arab Emirates and USA, including Greek financial broker Ardu Prime and Dubai-based financial technology firm ClearTech Industries, OffshoreAlert can reveal.
Freeway Reserves Foundation: Directors (Cayman Islands)
Director Details for Freeway Reserves Foundation, obtained from the Cayman Islands General Registry on August 26th, 2023.
Freeway Future Foundation: Directors (Cayman Islands)
Director Details for Freeway Future Foundation, obtained from the Cayman Islands General Registry on August 26th, 2023.
AIP Management: Directors (Cayman Islands)
Director Details for AIP Management, obtained from the Cayman Islands General Registry on August 26th, 2023.
AuBit International: Directors (Cayman Islands)
Director Details for AuBit International, obtained from the Cayman Islands General Registry on August 25th, 2023.
Vesttoo Ltd. et al: Chapter 11 Petition
Chapter 11 Petition by Vesttoo US Inc., Vesttoo Ltd., Vesttoo SPV Holdings LLC, Vesttoo Reinsurance Intermediary Services Inc., Vesttoo Asset Management LLC, Vesttoo Securities (USA) LLC, Vesttoo UK Ltd., Vesttoo Japan Co., Ltd., Vesttoo Korea Inc., Vesttoo Holdings Ltd., Vesttoo Hong Kong Limited, Vesttoo Malta Ltd., Vesttoo Malta Trading Ltd., Vesttoo Marketplace Ltd., Vesttoo Alpha Holdings Ltd., Vesttoo Bermudian Bay Ltd., Vesttoo Alpha P&C Ltd., Vesttoo Alpha Special Purpose Trust, Vesttoo Alpha Manager Ltd., Vesttoo Alpha P&C Fund GP L.P., Vesttoo Alpha P&C Fund L.P., Vescor Bay GP L.P., Vescor Bay L.P., Vesttoo Partners 101 L.P., Vesttoo Partners 102 L.P., Vesttoo Partners 103 L.P., Vesttoo Partners 104 L.P., Vesttoo Partners 105 L.P., Vesttoo Bay One Limited Partnership, Vesttoo Bay X Limited Partnership, Vesttoo Bay XI Limited Partnership, Vesttoo Bay XII Limited Partnership, Vesttoo Bay XIII Limited Partnership, Vesttoo Bay XIV Limited Partnership, Vesttoo Bay FIFTEEN Limited Partnership, Vesttoo Bay XVI Limited Partnership, Vesttoo Bay XVII Limited Partnership, Vesttoo Bay XVIII Limited Partnership, Vesttoo Bay XIX Limited Partnership, Vesttoo Bay XX Limited Partnership, Vesttoo Bay XXI Limited Partnership, Vesttoo Bay XXII Limited Partnership, Vesttoo Bay XXIII Limited Partnership, Vesttoo Bay XXIV Limited Partnership, Vesttoo Bay XXV Limited Partnership, Vesttoo Bay One Hundred Limited Partnership, Vesttoo Bay One Hundred One Limited Partnership, Vesttoo Bay One Hundred Two Limited Partnership, and Vesttoo Bay 103 Limited Partnership at the U.S. Bankruptcy Court for the District of Delaware.
Vantage Mezzanine Fund II Partnership v. John Taylor: Petition to Confirm Arbitral Award ($59M)
Petition to Confirm a Foreign Arbitral Award in Vantage Mezzanine Fund II Partnership, acting through Vantage Mezzanine Fund II (Pty) Ltd., of South Africa v. John Eric Kodwo Taylor, described as "an individual of Ghanaian and Maltese nationality", at the U.S. District Court for the Southern District of New York.
Agon Asset Management Ltd.: License Cancellation (Malta)
Public Notice by the Malta Financial Services Authority that it has cancelled the Alternative Investment Fund Manager license of Agon Asset Management Limited for regulatory breaches.
Agenda Launch – OffshoreAlert London Conference
The first version of the agenda for OffshoreAlert's 10th Annual London Conference on December 4-5 is now available. For more information about OffshoreAlert London 2023, sponsorship opportunities, and tickets, please visit www.oalondon.com.
Folkvang Ltd.: Directors (Cayman Islands)
Director Details for Folkvang Ltd., obtained from the Cayman Islands General Registry on July 24th, 2023.
Michael Sizemore et al v. Changpeng Zhao et al: First Amended Class Action Complaint (‘$1B Crypto Fraud’)
First Amended Class Action Complaint in Michael Sizemore v. Changpeng Zhao, Binance Holdings Limited, of the Cayman Islands; BAM Trading Services Inc., of Delaware, USA; BAM Management US Holdings Inc., of Delaware, USA; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland; Paxos Trust Company LLC, of New York, USA; Jimmy Butler, described as "a star basketball player for the Miami Heat", and Ben Armstrong, described as "a YouTuber with more than 1.5 million subscribers to his YouTube page", at the U.S. District Court for the Southern District of Florida.
IFINA SICAV Plc: €60K Fine (Malta)
Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €60,141 on IFINA SICAV Plc for regulatory breaches.
Nova Renewable Energy (Novare) Fund SICAV Plc: License Revocation (Malta)
Public Notice by the Malta Financial Services Authority that it has cancelled the license of Nova Renewable Energy (Novare) Fund SICAV Plc for regulatory breaches.
Offshore liquidators of AAX’s ‘$30M crypto scam’ apply for Chapter 15 recognition in U.S.
The Cayman Islands liquidators and Singapore judicial manager of three firms whose group - which also includes entities in Hong Kong, Malta, and Seychelles - allegedly perpetrated a $30 million fraud via its Atom Asset Exchange (AAX) crypto platform have applied for Chapter 15 bankruptcy recognition in the United States.
Atom Holdings et al: Chapter 15 Petition (Cayman Islands & Singapore)
Chapter 15 Petition for Recognition of Foreign Main Proceedings in the Cayman Islands and Singapore by Angela Barkhouse, Kim Leck, and Luke Furler, all of Quantuma, as the Foreign Representatives of Atom Holdings (in Provisional Liquidation), AAX Asia Private Limited (Under Interim Judicial Management), and AAX Singapore Private Limited (Under Interim Judicial Management), described as being part of a group that "engaged in the cryptocurrency business, offering saving, spot, and futures trading", filed at the U.S. Bankruptcy Court for the Southern District of Florida.
Bittrex Inc. et al: Chapter 11 Petition (Crypto Exchange)
Chapter 11 Petition by Desolation Holdings LLC, of Bellevue, Washington, USA; Bittrex, Inc., of Seattle, Washington, USA; Bittrex Malta Holdings Ltd., and Bittrex Malta Ltd., both of Malta, at the U.S. Bankruptcy Court for the District of Delaware.
African lender seeks to collect on $59M award against Ghana’s John Taylor in Bermuda, Italy & Malta
South Africa's Vantage Mezzanine Fund has applied to collect evidence from banks in the United States for use in legal proceedings in Bermuda, Italy and Malta to collect on a $59 million arbitration award against Ghanaian businessman John E. Taylor, who is Executive Chairman of Internet service provider Surfline Communications.
Vantage Mezzanine Fund II Partnership v. The Clearing House Payments Company LLC et al: Discovery Application (Bermuda, Italy & Malta)
Application by Vantage Mezzanine Fund II Partnership, described as a South African "investment fund that provides finance to high-risk businesses across Africa and in other developing jurisdictions", to take discovery from The Clearing House Payments Company LLC, Barclays Bank PLC, Citibank N.A., Deutsche Bank Trust Company Americas, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., The Bank of New York Mellon, The Northern Trust Company, f.k.a. The Northern Trust International Banking Corporation; UBS AG, and Wells Fargo Bank N.A. for use in legal proceedings in Bermuda, Italy, and Malta to enforce an arbitration award of US$59.4 million "against Mr. John Eric Kodwo Taylor", who was described as a citizen of Ghana and Malta and "executive chairperson of Surfline Communications Ltd., a Ghanaian company engaged in developing high-speed internet networks in Ghana", at the U.S. District Court for the Southern District of New York.
Alley Maass Rogers & Lindsay PA v. Pretzel Ltd. et al: Complaint
Complaint in Alley Maass Rogers & Lindsay PA, a Florida law firm v. Pretzel Limited, of Malta, and Pecunia Business Development Limited, of the British Virgin Islands, at the U.S. District Court for the Southern District of Florida.
‘Maltese authorities acted illegally so remove content,’ writes Melvyn Mangion
Letter, with a Maltese court judgment attached, from Melvyn Mangion requesting the removal of content from OffshoreAlert's website regarding his corporate disqualification and a €1.1 million fine imposed on his firm, MPM Capital Investments Ltd., by the Malta Financial Intelligence Analysis Unit.
Hoss Holding Ltd. v. Energy Concepts International Ltd.: Claim
Claim Form regarding shares in ADA Property Ltd. in Hoss Holding Limited, of Malta v. Energy Concepts International Limited, of the British Virgin Islands, at the British Virgin Islands High Court.
Kalaivani Kandesan et al v. Atom Holdings: Winding Up Petition (‘Crypto Fraud’)
Winding Up Petition in Kalaivani Kandesan, a resident of Singapore, and Ulf Parpart-Hergesell, a citizen of Germany v. Atom Holdings, which "carried on business as a cryptocurrency exchange", at the Grand Court of the Cayman Islands.
USA v. Greg Lindberg: Criminal Indictment (2023)
Criminal Indictment alleging fraud involving entities in, among others, Bermuda and Malta in USA v. Greg E. Lindberg at the U.S. District Court for the Western District of North Carolina.
Blue Horizon Structured Products SPC Ltd.: Petition for Directions
Petition for Directions in the matter of Blue Horizon Structured Products SPC Limited (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
FTX Trading Ltd. et al: List of Creditors
List of Creditors of 'FTX Trading Ltd. et al' crypto group, filed at the U.S. Bankruptcy Court for the District of Delaware.