Banks & Trusts

USA v. Real Property: Forfeiture Complaint (Andrii Derkach & Oksana Terekhova)

Forfeiture Complaint associated with suspected bank fraud and money laundering involving Andrii Derkach, a citizen of Ukraine who was "an active Russian agent for over a decade", and Oksana Terekhova, a citizen of Ukraine and "the wife of Derkach", in USA v. Real Property in Beverly Hills, California and Funds in the name of 7D Business Bureau Inc. seized from Stifel Nicolaus & Co. and Citizens Business Bank, filed at the U.S. District Court for the Eastern District of New York.

Forensic News LLC et al v. HSBC Bank USA NA: Discovery Application (England)

Application by Forensic News LLC and Scott Stedman to take discovery from HSBC Bank USA NA "in aid of their defense of a defamation action filed in England by British-Israeli "security consultant" Walter Soriano" regarding articles about "alleged Russian interference in the 2016 U.S. presidential election", filed at the U.S. District Court for the Southern District of New York.

Adele Zarzur v. JPMorgan Chase & Co. et al: Discovery Application (Brazil)

Application by Adele Zarzur Kherlakian to take discovery from JPMorgan Chase & Co., The Clearing House Payments Company LLC, and The New York Federal Bank of New York for use in "probate and corporate governance proceedings" in Brazil "concerning the assets of the late Waldomiro Zarzur, a prominent Brazilian engineer and founder of the Grupo Waldomiro Zarzur ("WZ Group")" and alleging fraudulent transfers by Ricardo Zarzur and Roberto Zazur, filed at the U.S. District Court for the Southern District of New York.

Liechtenstein: Fifth Third Bank et al (‘$2.6M Trust Hacking Fraud’)

Application for the appointment of a Commissioner to collect evidence from Fifth Third Bank and JPMorgan Chase Bank - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into "unknown subject(s)" for allegedly hacking into "the email accounts of the protector of a trust and his attorney" and stealing $2.6 million.

USA v. $2.3M: Forfeiture Complaint (Delacroix Investment Fund, ‘Argentina Capital Flight’)

Forfeiture Complaint in USA v. $2.3 million seized from Metropolitan Commercial Bank in the name of Delacroix Investment Fund, of the British Virgin Islands, which operated "as an unlicensed money transmission business to orchestrate, among other things, capital flight out of Argentina and other countries", at the U.S. District Court for the Southern District of New York.

José Tomás Sepúlveda Zuleta et al v. Silvergate Capital Corporation: Class Action Complaint (‘FTX Crypto Banking Fraud’)

Class Action Complaint alleging fraud involving "Silvergate's conduct regarding its most notable customer, the cryptocurrency trading exchange, FTX" in José Tomás Sepúlveda Zuleta, of Chile; Michael Lehrer, and Tristan Newman v. Silvergate Capital Corporation, described as "the parent of Silvergate Bank"; Alan J. Lane, Christopher M. Lane, Tyler J. Pearson, and Jason Brenier at the U.S. District Court for the Southern District of California.

Julius Baer International Ltd. et al: £18M Fine & Industry Bans

Public Notice by the United Kingdom's Financial Conduct Authority that it has imposed a fine of £18 million on Julius Baer International Limited "for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA" and banned "Gustavo Raitzin, former Regional Head for Bank Julius Baer, Thomas Seiler, former BJB Sub-Regional (Market) Head for Russia and Eastern Europe and JBI non-executive director, and Louise Whitestone,former relationship manager on JBI’s Russian and Eastern European Desk".

Samuel Malamud Eidelman v. Truist Bank et al: Discovery Application (Peru Proceedings)

Application by Samuel Malamud Eidelman, described as a citizen of Peru, to take discovery from Truist Bank, Credit Lyonnais Miami Agency, Bank Leumi, BNP Paribas Miami Agency, Barclays, Sudameris, Banco Santander International, Grupo Santander, and Blum & Silver LLP for use in legal proceedings in Peru against Jacobo Malamud and his three daughters, Malamud Kessler, Caroline Malamud-Kessler, and Yudith Malamud Kessler de Schneider alleging money laundering and tax evasion involving, inter alia, companies in the British Virgin Islands, filed at the U.S. District Court for the Southern District of Florida.

Jane Doe v. Deutsche Bank et al: Class Action Complaint (‘Jeffrey Epstein Sex Trafficking’)

Class Action Complaint accusing the defendant of "financially benefitting from participating in Jeffrey Epstein’s sex trafficking by providing the requisite financial support for the continued operation of Epstein’s international sex trafficking organization" in Jane Doe v. Deutsche Bank Atkiengesellschaft, Deutsche Bank AG, New York Branch, and Deutsche Bank Trust Company Americas at the U.S. District Court for the Southern District of New York.

Jane Doe v. JPMorgan Chase & Co.: Class Action Complaint (‘Jeffrey Epstein Sex Trafficking’)

Class Action Complaint accusing the defendant of "financially benefitting from participating in Jeffrey Epstein’s sex trafficking by providing the requisite financial support for the continued operation of Epstein’s international sex trafficking organization from 1998 through August 2013" in Jane Doe v. JPMorgan Chase & Co. at the U.S. District Court for the Southern District of New York.

FourWorld Event Opportunities Fund LP v. JPMorgan Chase & Co.: Discovery Application (Sweden Proceedings)

Application by FourWorld Event Opportunities Fund LP to take discovery from JPMorgan Chase & Co. for use in legal proceedings in Sweden in which "Petitioner seeks a determination of the proper buy-out price of its shares in Hembla AB following the acquisition of the majority stock holdings in Hembla by Vonovia SE and its wholly owned subsidiary, HomeStar InvestCo AB, and in connection with HomeStar’s subsequent, unconditional tender offer and the unfairly low price paid for all of the remaining stock owned by Petitioner and the other minority shareholders" and has alleged a "squeeze-out", filed at the U.S. District Court for the Southern District of New York.

Hangzhou Biaoba Trading Co. Ltd. v. Credit Suisse et al: Discovery Application (England Proceedings)

Application by Hangzhou Biaoba Trading Co. Ltd. to take discovery from Credit Suisse AG, Bank of America N.A., and China CITIC Bank International Ltd., New York Branch, for use in legal proceedings in England "against Kei Kin Hung and Beijing Sparkle Investment Co., Ltd. for the enforcement and recognition of a foreign judgment and for the issuance of a Freeze and Disclosure Order", filed at the U.S. District Court for the Southern District of New York.

Greece: JPMorgan Chase Bank (‘Computer Fraud’)

Application for the appointment of a Commissioner to collect evidence from JPMorgan Chase Bank - pursuant to a request for judicial assistance from Greece - for a criminal investigation into "unknown subject(s) for computer fraud".

Brazil: Paulo Retz et al (‘Tax Evasion’)

Application for the appointment of a Commissioner to collect evidence from Delta Bank - pursuant to a request for judicial assistance from Brazil - for a criminal investigation into "Paulo Roberto Retz and Grethen Financial Inc. for tax evasion".

Abdulrahman Mutabagani v. Muhammad Samer bin Mahmoud Abdul-Hadi et al: Discovery Application (Saudi Arabia Proceedings)

Application by Abdulrahman Mutabagani , described as a citizen and resident of Saudi Arabia, to take discovery from Muhammad Samer bin Mahmoud Abdul-Hadi, described as "a Saudi Arabian citizen who resides in New York", and JPMorgan Chase Bank NA for use in legal proceedings in Saudi Arabia "against Mr. Abdul-Hadi for breach of contract, among other potential causes of action, based on this wrongful conduct" to recover $41 million, filed at the U.S. District Court for the Southern District of New York.

Deposit Guarantee Fund of Ukraine v. Bank of New York Mellon: Discovery Application (Ukraine Proceedings)

Application by the Deposit Guarantee Fund of Ukraine, as the liquidator of Fidobank PJSC, to take discovery from the Bank of New York Mellon for use in legal proceedings in Ukraine against Oleksandr Yevhenovych Adarich, described as Fidobank's beneficial owner; Iryna Vilinivna Maryanko, Denis Viktorovich Mikhov, Alexander Arkadyevich Sobolev, Ivan Alexandrovich Istomin, Roman Serhiyovych Shevtsiv, Oksana Ivanivna Voloshyna, Igor Pavlovich Grigorov, and Oleg Vasilyevich Litvinenko regarding suspected "wrongful transfers", filed at the U.S. District Court for the Southern District of New York.

Jonah Meer v. HSBC et al: Discovery Application (British Virgin Islands Proceedings)

Application by Jonah Beer, as the liquidator of Kopist Holding Limited, to take discovery from H.S.B.C. Bank U.S.A., N.A., Bank of New York Mellon, JPMorgan Chase Bank, N.A., Citibank N.A., Deutsche Bank and its affiliates Deutsche Bank Trust Company Americas and Bankers Trust Company, Commerzbank AG, Wells Fargo Bank, N.A., Bank of America, N.A., Credit Suisse AG, Garanti Bank and Bank Julius Baer for use in legal proceedings in the British Virgin Islands "to recover assets which may have been diverted from the Company", filed at the U.S. District Court for the Southern District of New York.

Ecuador: Jorge Cherrez Miño et al (‘Organized Crime’)

Application for the appointment of a Commissioner to collect evidence from Apollo Bank - pursuant to a request for judicial assistance from Ecuador - for a criminal investigation into "Ecuadorian citizen Jorge Oswaldo Cherrez Mino, IBCORP Investment and Business Group, S.A., International Business IBCORP S.A., and IBCORP Investment S.A. Ecuador, High Yield Bond Funding Corporation, Institutional Custody Services, the Centralized Depository of Securities Clearing and Settlement (DECEVALE), Citadel, and the Investment Commission of ISSPOL for organized crime".

USA v. Narinder Singh: Complaint (‘Unreported Offshore Accounts’)

Complaint to collect unpaid penalties of $590,000 that were imposed for "willful violations" of the Bank Secrecy Act by failing to disclose accounts at Union Bancaire Privée in Switzerland and Barclays Bank Plc in the United Kingdom in USA v. Narinder Singh at the U.S. District Court for the Southern District of New York.

Caterpillar Crédito v. Banco San Juan Internacional: Discovery Application (Curaçao Proceedings)

Application by Caterpillar Crédito, Sociedad Anónima de Capital Variable, Sociedad Financiera de Objeto Múltiple, Entidad Regulada, of Mexico, to take discovery from Banco San Juan Internacional for use in legal proceedings in Curaçao "brought by Mrs. Carolina Elizabeth Várady de Bellosta ... to annul two personal guarantees given by Mrs. Bellosta's husband, Carlos Marcelino Jose Bellosta Pallares to Caterpillar Crédito", filed at the U.S. District Court for the District of Puerto Rico.

Core Compass Ltd. v. Evolve Bank & Trust: Discovery Application (Serbia Proceedings)

Application by Core Compass Limited, described as "a Hong Kong-registered company that provides payment consulting services to internet businesses", to take discovery from Evolve Bank & Trust for use in legal proceedings in Serbia alleging misappropriation by Boom Financial Management d.o.o., filed at the U.S. District Court for the Western District of Tennessee.

China Financial Services Holdings Ltd. v. Citibank NA et al: Discovery Application (‘Hong Kong Proceedings’)

Application by China Financial Services Holdings Ltd., of Hong Kong, to take discovery from Citibank N.A., The Bank of New York Mellon, Société Générale, New York Branch; HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Well Fargo Bank, N.A., Deutsche Bank Trust Co. Americas, UBS AG, Bank of America, N.A., Bank of China, New York Branch; Standard Chartered Bank US, and Commerzbank AG, New York Branch, for use in legal proceedings in Hong Kong against Luo Rui and Guan Zueling, a.k.a. Guan Xue Ling, alleging fraud that caused losses totaling RMB1.37 billion ($198 million), filed at the U.S. District Court for the Southern District of New York.

BitGo Holdings Inc. v. Galaxy Digital Holdings Ltd. et al: Complaint (‘$100M Crypto Dispute’)

Complaint "to hold Galaxy responsible for its unjustified, bad faith repudiation of the parties' merger agreement, which damaged BitGo in an amount not less than $100 million" in BitGo Holdings Inc., described as a Delaware-domiciled, California-based "technology and financial services company that established the first independent, regulated custodial business for digital assets" v. Galaxy Digital Holdings Ltd., described as a Cayman Islands-domiciled, New York-based "investment bank in the cryptocurrency sector"; Galaxy Digital Holdings LP, of the Cayman Islands, and Galaxy Digital Inc., of Delaware, at the Court of Chancery of the State of Delaware.

U.S. Bank NA v. Christopher Whittle et al: Complaint (‘$6.8M Foreclosure – 100 Briar Patch Rd., East Hampton, NY’)

Complaint "to foreclose on a mortgage encumbering the property commonly known as 100 BRIAR PATCH ROAD, EAST HAMPTON, NEW YORK 11937" in U.S. Bank National Association, as Trustee for Structured Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series 2007-8 v. H. Christopher Whittle, 100 Briar Patch LLC, Golden Eagle International Trading Limited, of Hong Kong; Pure East Global Investments Limited, of the British Virgin Islands; Richard B. Montanye, as Successor Trustee of The Pira Trust by appointment dated December 15, 2007; Avenues Global Holdings LLC, of New York, and New York State Department of Taxation and Finance at the U.S. District Court for the Eastern District of New York.

Portugal: Bank of America (‘Fraud Investigation’)

Application for the appointment of a Commissioner to collect evidence from Bank of America - pursuant to a request for judicial assistance from Portugal - for a criminal investigation into "unknown subjects for fraud".

Banco BNP Paribas Brasil SA v. Citibank NA et al: Discovery Application (Brazil Proceedings)

Application by Banco BNP Paribas Brasil NA to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, New York Branch, HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust Co. Americas, The Bank of Nova Scotia, New York Agency, UBS AG, Bank of America, N.A., Standard Chartered Bank US, Commerzbank AG, New York Branch, and The Clearing House Payments Company, LLC for use in legal proceedings in Alagoas, Brazil involving Empresa Alagoana de Terminais Ltda. and Copertrading Comércio Exportação e Importação S.A., filed at the U.S. District Court for the Southern District of New York.

Life Insurance Fund Elite LLC v. Hamburg Commercial Bank AG et al: Complaint

Complaint "about a German bank’s wrongful actions in connection with assets belonging to the Plaintiff, which were pledged as collateral to the bank" in Life Insurance Fund Elite LLC, described as a Delaware-domiciled "private equity fund that invested in a portfolio of life insurance policies" v. Hamburg Commercial Bank AG, of Germany; Cerberus European Capital Advisors LLP, of England, and Promontoria Holding 260 BV, of the Netherlands, at the U.S. District Court for the Southern District of New York.
Brian Stuart-Young Global Bank of Commerce

Antigua’s Global Bank of Commerce sued by depositors ‘unable to withdraw $12M’

Antigua-based offshore bank Global Bank of Commerce and its CEO, Brian Stuart-Young, are being sued by two depositors who claim they are unable to withdraw $9.2 million and £2.7 million from their accounts. Remarkably, the country's Prime Minister, Gaston Browne, described the depositors as "greedy" for attempting to withdraw their own funds.

Ekopel D.O.O. v. Citibank NA: Complaint ($590,000)

Complaint regarding "missing funds" totaling $590,000 in Ekopel D.O.O., of Slovenia, described as an exporter of medical equipment v. Citibank N.A. at the U.S. District Court for the District of Columbia.

Aguila Energia e Participações Ltda. v. JPMorgan Chase & Co.: Discovery Application (Brazil Proceedings)

Application by Aguila Energia e Participações Ltda., described as a Rio de Janeiro-based "startup oil company founded by an entrepreneur with significant experience in the Brazilian oil and gas segment", to take discovery from JPMorgan Chase & Co. for use in legal proceedings in Brazil against JPMorgan Brazil and Petrobras, filed at the U.S. District Court for the Southern District of New York.

RF Bank and Trust (Bahamas) Ltd. et al v. Keith Herman et al: Complaint

Complaint for breach of contract and unjust enrichment alleging that Keith Herman "failed" to speak at the RF Economic Outlook Conference in the Bahamas despite an "appearance fee" of $25,000 being paid in Gravity Speakers LLC and RF Bank and Trust (Bahamas) Limited v. Keith Herman and Investment Property Advisors Inc. at the Superior Court of the State of California, County of San Mateo.

Lloyds Bank Corporate Markets Plc: £498K Fine

Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £498,000 on Lloyds Bank Corporate Markets Plc (Jersey Branch) for regulatory breaches.

Ferratum Bank Plc: €653K Fine

Public Notice by Malta's Financial Intelligence Analysis Unit that it has imposed a fine of €653,637 on Ferratum Bank Plc for regulatory breaches.

Ekopel D.O.O. v. BNY Mellon NA: Complaint ($590,000)

Complaint regarding "missing funds" totaling $590,000 in Ekopel D.O.O., of Slovenia, described as an exporter of medical equipment v. BNY Mellon N.A. at the U.S. District Court for the District of Columbia.