Vietnam

FTX Trading Ltd. et al: Affidavit Supporting Chapter 11 Petitions (‘Complete Absence of Trustworthy Financial Information’)

Affidavit of John J. Ray III, including statements that "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here" and "related party loans" were made to Sam Bankman-Fried, $1 billion; Nishad Aingh, $543 million, and Ryan Salame, $55 million, in support of Chapter 11 Petitions by 102 entities comprising the FTX crypto group, including those in Antigua and Barbuda, Australia, Bahamas, British Virgin Islands, Canada, Cayman Islands, Cyprus, Egypt, Germany, Ghana, Gibraltar, Hong Kong, India, Ireland, Japan, Kenya, Liechtenstein, Nigeria, Panama, Senegal, Seychelles, Singapore, South Africa, South Korea, Switzerland, Tanzania, Turkey, Uganda, United Arab Emirates, USA, and Vietnam, filed at the U.S. Bankruptcy Court for the District of Delaware.

FTX Trading Ltd. et al: Motion to Transfer & Stay Chapter 15 Petition

Emergency Motion to Stay and Transfer Chapter 15 Petition from New York to Delaware by 101 entities (reduced from 134 identified in the Chapter 11 Petition) comprising the FTX crypto group, including those in Antigua and Barbuda, Australia, Bahamas, British Virgin Islands, Canada, Cayman Islands, Cyprus, Egypt, Germany, Ghana, Gibraltar, Hong Kong, India, Ireland, Japan, Kenya, Liechtenstein, Nigeria, Panama, Senegal, Seychelles, Singapore, South Africa, South Korea, Switzerland, Tanzania, Turkey, Uganda, United Arab Emirates, USA, and Vietnam, filed at the U.S. Bankruptcy Court for the District of Delaware. In the motion, FTX's new management accused the Bahamas government and regulators of, essentially, misappropriating the group's assets, in conjunction with former FTX principals Samuel Bankman-Fried and Gary Wang, as part of an attempt to "undermine these Chapter 11 Cases".

FTX Trading Ltd. et al: Motion for Joint Administration (‘More Than One Million Creditors’)

Motion for Joint Administration and Motion Modifying Certain Creditor List Requirements, Authorizing the Debtors to Serve Certain Parties by E-Mail, and Granting Related Relief in the matter of Alameda Aus Pty Ltd., Alameda Global Services Ltd., Alameda Research (Bahamas) Ltd., Alameda Research Holdings Inc., Alameda Research KK, Alameda Research LLC, Alameda Research Ltd., Alameda Research Pte Ltd., Alameda Research Yankari Ltd., Alameda TR Ltd., Alameda TR Systems S. de R. L., Allston Way Ltd., Altalix Ltd., Analisya Pte Ltd., Atlantis Technology Ltd., B for Transfer Egypt, B Payment Services Nigeria, B Transfer Services Ltd., B Transfer Services Ltd. UAE, B Transfer Services Uganda, Bancroft Way Ltd., BitPesa Kenya Ltd., BitPesa RDC SARL, BitPesa Senegal Ltd., BitPesa South Africa, BitPesa Tanzania Ltd., BitPesa Uganda Ltd., Bitvo, Inc., Blockfolio Holdings, Inc., Blockfolio, Inc., Blue Ridge Ltd., BT Payment Services Ghana, BT Payment Services South Africa, BT Payments Uganda, BT Pesa Nigeria Ltd., BTC Africa S.A., BTLS Limited Tanzania, Cardinal Ventures Ltd., Cedar Bay Ltd., Cedar Grove Technology Services, Ltd., Clifton Bay Investments LLC, Clifton Bay Investments Ltd., CM-Equity AG, Corner Stone Staffing, Cottonwood Grove Ltd., Cottonwood Technologies Ltd., Crypto Bahamas LLC, DAAG Trading, DMCC, Deck Technologies Holdings LLC, Deck Technologies Inc., Deep Creek Ltd., Digital Custody Inc., Euclid Way Ltd., Exchange 4 Free Seychellen, Exchange 4Free Australia Br., Exchange 4Free Ltd., Exchange 4Free South Africa Br., Exchange 4Free Swiss Branch, Finfax Company, FTX (Gibraltar) Ltd., FTX Canada Inc., FTX Certificates GmbH, FTX Crypto Services Ltd., FTX Digital Assets LLC, FTX Digital Holdings (Singapore) Pte Ltd., FTX EMEA Ltd., FTX Equity Record Holdings Ltd., FTX Europe AG, FTX Exchange FZE, FTX Hong Kong Ltd., FTX Japan Holdings K.K., FTX Japan K.K., FTX Japan Services KK, FTX Lend Inc., FTX Marketplace, Inc., FTX Products (Singapore) Pte Ltd., FTX Property Holdings Ltd., FTX Services Solutions Ltd., FTX Structured Products AG, FTX Switzerland GmbH, FTX Trading GmbH, FTX Trading Ltd., FTX TURKEY TEKNOLOJİ VE TİCARET ANONİM ŞİRKET, FTX US Derivatives LLC, FTX US Services, Inc., FTX US Trading, Inc., FTX Vault Trust Company, FTX Ventures Ltd., FTX Ventures Partnership, FTX Zuma Ltd., GG Trading Terminal Ltd., Global Compass Dynamics Ltd., Good Luck Games, LLC, Goodman Investments Ltd., Hannam Group Inc., Hawaii Digital Assets Inc., Hilltop Technology Services LLC, Hive Empire Trading Pty Ltd., Innovatia Ltd., Island Bay Ventures Inc., K-DNA Financial Services Ltd., Killarney Lake Investments Ltd., Ledger Holdings Inc., LedgerPrime Bitcoin Yield Enhancement Fund, LLC, LedgerPrime Bitcoin Yield Enhancement Master Fund LP, LedgerPrime Digital Asset Opportunities Fund, LLC, LedgerPrime Digital Asset Opportunities Master Fund LP, Ledger Prime LLC, LedgerPrime Ventures, LP, Liquid Financial USA Inc., LiquidEX LLC, Liquid Securities Singapore Pte Ltd., LT Baskets Ltd., Maclaurin Investments Ltd., Mangrove Cay Ltd., North Dimension Inc., North Dimension Ltd., North Wireless Dimension Inc., Paper Bird Inc., Pioneer Street Inc., Quoine India Pte Ltd., Quoine Pte Ltd., Quoine Vietnam Co. Ltd., SNG INVESTMENTS YATIRIM VE DANIŞMANLIK ANONİM ŞİRKETİ, Strategy Ark Collective Ltd., Technology Services Bahamas Limited, Tigetwit Ltd., TransferZero, Verdant Canyon Capital LLC, West Innovative Barista Ltd., West Realm Shires Financial Services Inc., West Realm Shires Services Inc., Western Concord Enterprises Ltd., and ZUBR Exchange Ltd. at the U.S. Bankruptcy Court for the District of Delaware.

FTX Trading Ltd. et al: Chapter 11 Petition

Chapter 11 Petition by 134 entities comprising the FTX Group, including those in Antigua and Barbuda, Australia, Bahamas, British Virgin Islands, Canada, Cayman Islands, Cyprus, Egypt, Germany, Ghana, Gibraltar, Hong Kong, India, Ireland, Japan, Kenya, Liechtenstein, Nigeria, Panama, Senegal, Seychelles, Singapore, South Africa, South Korea, Switzerland, Tanzania, Turkey, Uganda, United Arab Emirates, USA, and Vietnam, namely Alameda Aus Pty Ltd., Alameda Global Services Ltd., Alameda Research (Bahamas) Ltd., Alameda Research Holdings Inc., Alameda Research KK, Alameda Research LLC, Alameda Research Ltd., Alameda Research Pte Ltd., Alameda Research Yankari Ltd., Alameda TR Ltd., Alameda TR Systems S. de R. L., Allston Way Ltd., Altalix Ltd., Analisya Pte Ltd., Atlantis Technology Ltd., B for Transfer Egypt, B Payment Services Nigeria, B Transfer Services Ltd., B Transfer Services Ltd. UAE, B Transfer Services Uganda, Bancroft Way Ltd., BitPesa Kenya Ltd., BitPesa RDC SARL, BitPesa Senegal Ltd., BitPesa South Africa, BitPesa Tanzania Ltd., BitPesa Uganda Ltd., Bitvo, Inc., Blockfolio Holdings, Inc., Blockfolio, Inc., Blue Ridge Ltd., BT Payment Services Ghana, BT Payment Services South Africa, BT Payments Uganda, BT Pesa Nigeria Ltd., BTC Africa S.A., BTLS Limited Tanzania, Cardinal Ventures Ltd., Cedar Bay Ltd., Cedar Grove Technology Services, Ltd., Clifton Bay Investments LLC, Clifton Bay Investments Ltd., CM-Equity AG, Corner Stone Staffing, Cottonwood Grove Ltd., Cottonwood Technologies Ltd., Crypto Bahamas LLC, DAAG Trading, DMCC, Deck Technologies Holdings LLC, Deck Technologies Inc., Deep Creek Ltd., Digital Custody Inc., Euclid Way Ltd., Exchange 4 Free Seychellen, Exchange 4Free Australia Br., Exchange 4Free Ltd., Exchange 4Free South Africa Br., Exchange 4Free Swiss Branch, Finfax Company, FTX (Gibraltar) Ltd., FTX Canada Inc., FTX Certificates GmbH, FTX Crypto Services Ltd., FTX Digital Assets LLC, FTX Digital Holdings (Singapore) Pte Ltd., FTX EMEA Ltd., FTX Equity Record Holdings Ltd., FTX Europe AG, FTX Exchange FZE, FTX Hong Kong Ltd., FTX Japan Holdings K.K., FTX Japan K.K., FTX Japan Services KK, FTX Lend Inc., FTX Marketplace, Inc., FTX Products (Singapore) Pte Ltd., FTX Property Holdings Ltd., FTX Services Solutions Ltd., FTX Structured Products AG, FTX Switzerland GmbH, FTX Trading GmbH, FTX Trading Ltd., FTX TURKEY TEKNOLOJİ VE TİCARET ANONİM ŞİRKET, FTX US Derivatives LLC, FTX US Services, Inc., FTX US Trading, Inc., FTX Vault Trust Company, FTX Ventures Ltd., FTX Ventures Partnership, FTX Zuma Ltd., GG Trading Terminal Ltd., Global Compass Dynamics Ltd., Good Luck Games, LLC, Goodman Investments Ltd., Hannam Group Inc., Hawaii Digital Assets Inc., Hilltop Technology Services LLC, Hive Empire Trading Pty Ltd., Innovatia Ltd., Island Bay Ventures Inc., K-DNA Financial Services Ltd., Killarney Lake Investments Ltd., Ledger Holdings Inc., LedgerPrime Bitcoin Yield Enhancement Fund, LLC, LedgerPrime Bitcoin Yield Enhancement Master Fund LP, LedgerPrime Digital Asset Opportunities Fund, LLC, LedgerPrime Digital Asset Opportunities Master Fund LP, Ledger Prime LLC, LedgerPrime Ventures, LP, Liquid Financial USA Inc., LiquidEX LLC, Liquid Securities Singapore Pte Ltd., LT Baskets Ltd., Maclaurin Investments Ltd., Mangrove Cay Ltd., North Dimension Inc., North Dimension Ltd., North Wireless Dimension Inc., Paper Bird Inc., Pioneer Street Inc., Quoine India Pte Ltd., Quoine Pte Ltd., Quoine Vietnam Co. Ltd., SNG INVESTMENTS YATIRIM VE DANIŞMANLIK ANONİM ŞİRKETİ, Strategy Ark Collective Ltd., Technology Services Bahamas Limited, Tigetwit Ltd., TransferZero, Verdant Canyon Capital LLC, West Innovative Barista Ltd., West Realm Shires Financial Services Inc., West Realm Shires Services Inc., Western Concord Enterprises Ltd., and ZUBR Exchange Ltd. at the U.S. Bankruptcy Court for the District of Delaware.

Oriente Group Ltd.: Restructuring Petition

Petition for the Appointment of Restructuring Officers in the matter of Oriente Group Limited, described as "a leading Southeast Asian financial technology platform established by the co-founders of revolutionary internet companies Skype and Lu.com (NYSE:LU), and also, Atomico, one of the leading global venture capital firms" that "acts as the parent company for its various direct and indirect subsidiaries incorporated in, amongst other jurisdictions, the Philippines, Indonesia and Vietnam", at the Grand Court of the Cayman Islands.
MultiBank-Group

Mourant applies to liquidate MultiBank FX (BVI)

Mourant Ozannes law firm has applied to liquidate MultiBank FX International Corporation in the British Virgin Islands over alleged unpaid legal fees of $77,711. The alleged debtor is part of the MultiBank Group, which claims to have companies or offices in Australia, Austria, British Virgin Islands, Cayman Islands, China, Cyprus, Egypt, Germany, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, Nigeria, Philippines, Spain, Turkey, USA, and Vietnam.

Huy Vietnam Group Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Cosimo Borrelli and Mitchell Mansfield, as the Foreign Representatives of Huy Vietnam Group Limited (in Official Liquidation), whose Founder, Nhat Huy, "may have misappropriated approximately $59 million", at the U. S. Bankruptcy Court for the Southern District of New York.

British ‘crypto-friendly’ travel booking firm Travala facing strike off

UPDATED: Shortly after OffshoreAlert reported that British 'blockchain-based, cryptocurrency-friendly' online travel booking start-up Travala, which has raised over £2 million from investors and is now owned by a Cayman Islands firm, was facing compulsory strike off for failure to file its accounts, the firm filed unaudited "Micro-entity Accounts" with Companies House that contained scant details.

Rajesh Taneja: Industry Ban

Administrative Order by the U. S. Securities and Exchange Commission imposing an industry ban on Rajesh Taneja, described as "a citizen of Canada and a resident of Vietnam", for alleged fraud and unregistered activity.

Novartis AG: $112M Penalties

Administrative Order imposing penalties against Novartis AG, described as a Switzerland-based "global provider of pharmaceutical and healthcare products", for "improper activities", including "improper payments", "forged contracts", and "false books and records", involving its subsidiaries and affiliates in Greece, Singapore, South Korea, and Vietnam, before the U. S. Securities and Exchange Commission.

Alexander Clifford v. KayDex Pte Ltd. et al: Class Action Complaint

Class Action Complaint alleging the sale of unregistered securities involving digital tokens in Alexander Clifford v. KayDex Pte Ltd., a.k.a. Kyber Network, of Singapore; Loi Luu, of Singapore; Victor Tran, of Vietnam, and Yaron Velner, of Israel, at the U. S. District Court for the Southern District of New York.

SEC v. Steve Bajic et al: Motion To Freeze Assets

SEC's Motion for an Order Freezing and Repatriating Assets in the U. S. Securities and Exchange Commission v. Steve M. Bajic, Rajesh Taneja, Norfolk Heights Ltd., Fountain Drive Ltd., Island Fortune Global Ltd., Crystalmount Ltd., Wisdom Chain Ltd., SSID Ltd., Sure Mighty Ltd., Tamarind Investments Inc., Kenneth Ciapala, Anthony Killarney, BlackLight SA, Christopher Lee McKnight, and Aaron Dale Wise at the U. S. District Court for the Southern District of New York.

SEC v. Steve Bajic et al: Complaint

Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Steve M. Bajic, described as a dual citizen of Canada and Croatia; Rajesh Taneja, described as a citizen of Canada residing in Vietnam; Norfolk Heights Ltd., described as "a Seychelles company owned by a dual Mexican and Canadian citizen"; Fountain Drive Ltd., Island Fortune Global Ltd., Crystalmount Ltd., and Wisdom Chain Ltd., each described as "a Seychelles corporation with a registered address in Hong Kong"; SSID Ltd., of Hong Kong; Sure Mighty Ltd., described as "a Seychelles corporation owned by a Japanese citizen"; Tamarind Investments Inc., described as "an Anguillan corporation with registered addresses in Hong Kong and Thailand"; Kenneth Ciapala, described as "a citizen of Switzerland and the United Kingdom"; Anthony Killarney, described as "a citizen of the United Kingdom, a resident of Switzerland"; Blacklight SA, of Switzerland; Christopher Lee McKnight, of Canada, and Aaron Dale Wise, of Florida, at the U. S. District Court for the Southern District of New York.

USA v. Wayne Chinn: Criminal Information

Criminal Information alleging tax evasion involving entities in Hong Kong, Liechtenstein, Panama, Singapore, and Switzerland in USA v. Wayne Franklin Chinn, a.k.a. Frank Chinn, of Vietnam and San Francisco, California, at the U. S. District Court for the Southern District of New York.

Christine Grablis et al v. OneCoin Ltd. et al: First Amended Class Action Complaint

First Amended Class Action Complaint regarding an alleged cryptocurrency fraud in which much of the proceeds were allegedly laundered in the Cayman Islands and Ireland in Donald Berdeaux, of Montana, and Christine Grablis, of Tennessee v. OneCoin Ltd., of Bulgaria; Ruja Ignatova, of Bulgaria; Konstantin Igantov, of Bulgaria; Sebastian Greenwood, of Sweden; Mark Scott, of Coral Gables, Florida; Irina Andreeva Dilinska, David Pike, of Coral Gables, Florida, and Nicole J. Huesmann, of Coral Gables, Florida, at the U. S. District Court for the Southern District of New York.

Tran Thi Muoi v. Tran Thi Boi: Discovery Application

Application on behalf of the People's Court of Da Nang, in Vietnam, to take discovery from Dinh Linh Tran and Thi Thu Thuy Tran for use in legal proceedings in Vietnam involving Tran Thi Muoi and Tran Thi Boi, filed at the U. S. District Court for the Southern District of California.

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.

Selling Scams To Foreigners: Inside Boiler Rooms & How Alternative Asset Recovery Methods Have Been Successful in SE Asia

Boiler rooms are international fraud schemes that operate with near impunity while defrauding investors around the world of hundreds of millions of dollars each year. In this presentation, experts in both federal law enforcement and private investigations will share their unique perspectives on combating the issue. In the first part of the session, a Homeland Security Investigations (HSI) Special Agent will discuss how federal agents locate, gather evidence, and prosecute overseas boiler rooms, as well as share examples of successful cases. The Agent will also discuss how the modern day investigation requires a strong working relationship with the private banking industry as well as cooperation between multiple foreign governmental entities. In the second part of the session, a private investigator and internationally recognized expert in the field of boiler rooms will discuss how the Philippines and other parts of SE Asia are hotbeds of criminality, places where expatriate investment fraudsters operate boiler rooms as they set about swindling foreigners living in the world's major countries, many of whom are pensioners. In addition, the investigator will discuss who is responsible, pay-offs to police, judges, and others in authority, assaults, murders, and other related issues. The investigator will also show you how to use alternative methods to recover assets, thereby avoiding long and costly litigation in jurisdictions with poor judicial systems.

Chile: Bank of America

Application for the appointment of a Commissioner to collect evidence from the Bank of America - pursuant to a request for judicial assistance from Chile - for a criminal investigation into unknown individual(s) for suspected fraud.

Selling Scams To Foreigners: Inside SE Asia’s Boiler Rooms

Thailand and other parts of Southeast Asia are hotbeds of criminality, places where expatriate investment fraudsters operate boiler rooms with seeming impunity as they set about swindling foreigners living in the world's major countries, many of whom are pensioners.

Tempo Group Ltd. et al v. Fortuna Development Corporation et al: Judgment

Judgment in Tempo Group Limited, Chen Ching Chih, and Maxima Resources Corporation v. Fortuna Development Corporation, New Frontier Development Corporation, Wynner Group Limited, Bates Group Limited, Steven Word Driscoll, and San-Rong Lii at the Grand Court of the Cayman Islands.

John Shrimpton et al v. Dominic Scriven et al: Claim Form

Claim Form in John Shrimpton and Pitcairn Limited v. Dominic Scriven, Alexander Pasikowski, International Finance Corporation, Société de Promotion et de Participation pour la Coopération Economique, and Dragon Capital Group Limited at the British Virgin Islands High Court.

Flame S.A. et al v. Industrial Carriers, Inc. et al: Memorandum Opinion

Memorandum Opinion in Flame S.A., domiciled in Switzerland; Glory Wealth Shipping Pte Ltd., domiciled in Singapore; and Noble Chartering, Inc., domiciled in the British Virgin Islands, v. Industrial Carriers, Inc., domiciled in the Marshall Islands; Vista Shipping, Ltd., domiciled in the British Virgin Islands; and Freight Bulk Pte. Ltd., domiciled in Singapore, at the U. S. District Court for the Eastern District of Virginia.

Abdel-Karim Taher Itum v. Sami Kteily et al: Fixed Date Claim Form

Fixed Date Claim Form in Abdel-Karim Taher Itum v. Sami Kteily, Adib Kouteil, PEB Steel Indochina Ltd., PEB Steel Asia Limited, PEB Steel-Vietnam Holding Ltd., Okaya & Co. Ltd., and Nippon Steel & Sumitomo Metal Corporation at the British Virgin Islands High Court.

USA v. Sandy Winick et al: Superseding Indictment

Superseding Indictment in USA v. Sandy Winick, Sandy Winick, Gregory Curry, Kolt Curry, Gregory Ellis, Gary Kershner, Joseph Manfredonia, Cort Poyner, Songkram Roy Sahachaisere, and William Seals at the U. S. District Court for the Eastern District of New York.

USA v. Sandy Winick et al: Criminal Indictment

Indictment in USA v. Sandy Winick, Gregory Curry, Kolt Curry, Gregory Ellis, Gary Kershner, Joseph Manfredonia, Cort Poyner, Songkram Roy Sahachaisere, and William Seals at the U. S. District Court for the Eastern District of New York.

USA v. Liberty Reserve SA et al: Criminal Indictment

Indictment in USA v. Liberty Reserve SA, Arthur Budovsky, a.k.a. Arthur Belanchuk, a.k.a. Eric Paltz; Vladimir Kats, a.k.a. Ragnar; Ahmed Yassine Abdelghani, a.k.a. Alex; Allan Esteban Hidalgo Jimenez, a.k.a. Allan Garcia; Azzeddine El Amine, Mark Marmilev, a.k.a. Marko; and Maxim Chukharev at the U. S. District Court for the Southern District of New York.

Offshore banker Johnny Johnson indicted for fraud

Nearly six months after an arrest warrant was issued against him at federal court in California on suspicion of fraud, fugitive offshore banker Johnny Johnson was named as a defendant in a criminal indictment.Johnson and co defendant Bich Quyen Nguyen

US issues arrest warrant for offshore banker Johnny Johnson

A warrant for the arrest of notorious offshore banker Johnny E. Johnson was issued at the U. S. District Court for the Central District of California on April 9, 2010.Johnson and co defendant Bich Quyen Nguyen have each been charged
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