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    Bankruptcy Trustee of indicted Chinese ‘$1B fraudster & launderer’ Ho Wan Kwok sues Ogier BVI for $350K & others for $28M

    The U.S. Bankruptcy Trustee of New York-based, Chinese national Ho Wan Kwok, who is in custody awaiting trial for allegedly laundering more than $1 billion of fraud proceeds, has sued British Virgin Islands law firm Ogier in an attempt to recover $350,000 in 'unauthorized transfers', one of 23 recently-filed complaints against entities in Australia, BVI, England, Italy, Japan, and U.S. seeking to recover a total of $28.7 million in 'unauthorized or fraudulent' transfers.

    USA v. Rodney Burton: Criminal Indictment (‘Bitcoin Rodney’)

    Criminal Indictment alleging conspiracy to operate an unlicensed money transmitting business involving an allegedly fraudulent crypto investment scheme known as HyperFund in USA v. Rodney Burton, a.k.a. Bitcoin Rodney, at the U.S. District Court for the District of Maryland.

    Iskander Karam: £10K Fine & Disqualification (Guernsey)

    Public Notice by the Guernsey Financial Services Commission that it has issued a £10,000 fine and two-year prohibition against Iskander Karam, a.k.a. Alexander Karam, a.k.a. Alexander Kaymen, who appears to be a citizen and resident of the United Kingdom, after finding that he "deliberately or recklessly made a number of false and/or misleading statements in his Personal Questionnaire submitted in connection with an application for a licence and for the authorisation of a collective investment scheme".

    Avis Mullins v. Novatech et al: Class Action Complaint (‘$2.3B NovaTechFX Ponzi Scheme’)

    Class Action Complaint alleging a Ponzi scheme that "resulted in the loss of $2.3 billion" in Avis Mullins v. Novatech, Cynthia Petion, Eddy Petion, Ricardo Roy, Jean Martin Zizi, Travis Bieberitz, Novatech Ltd., of Saint Vincent and the Grenadines; Novatech Advisors LLC, Nova Pay LLC, NovaTrading Oü, of Estonia; Smart Bit Inc., Deborah Brasil, Frantz Ciceron, Ciceron Frantz & Associates Inc., Paul J. DeRenzo, John Garofano, Bob St. Louis, James Corbett, and John Does 1-500 at the U.S. District Court for the Southern District of New York.

    Wilmington Trust, N.A. v. Farfetch Ltd.: Winding Up Petition (‘$404M Debt’)

    Winding Up Petition in Wilmington Trust, National Association, of Delaware, USA v. Farfetch Limited, described as "the ultimate holding company of a corporate group, with intermediate holding and operating companies in the United Kingdom, the United States, and other jurisdictions" which "comprises a global retail platform for the luxury fashion industry, a number of other e-commerce platforms, a number of fashion and beauty product labels, and a London department store", at the Grand Court of the Cayman Islands.

    Orient Plus International Ltd. et al v. Baosheng Media Group Holdings Ltd. et al: Complaint (‘Material Misstatements or Omissions’)

    Complaint in Orient Plus International Limited, of the British Virgin Islands; Union Hi-Tech Development Limited, of the Marshall Islands, and Golden Genius International Limited, of the British Virgin Islands v. Baosheng Media Group Holdings Limited, described as a publicly-listed, Cayman Islands firm that provides "an online marketing solution provider based in China"; Wenxiu Zhong, Sheng Gong, Yu Zhong, Zuohao Hu, Adam 'Xin' He, Yue Jin, Yanjun Hu, Univest Securities LLC, The Benchmark Company LLC, WestPark Capital Inc., and Marcum LLP at the U.S. District Court for the Southern District of New York.

    Polymath Holdings et al v. Christopher Farmer et al: Complaint (‘$10M Fraud’)

    Complaint "to recover the $10 million that they never would have transferred to All.Health, absent Defendants’ misconduct" in Polymath Holdings and Lux 2 InvCo, both of the Cayman Islands v. Christopher Farmer, of San Francisco, California, USA; SignalFire II GP, LLC, SignalFire Fund II, LP, and SignalFire Affiliates Fund II, LP, all of Delaware, USA, at the Superior Court of the State of California, for the County of San Francisco.

    Nebahat Evyap İşbilen v. Citibank et al: Discovery Application (England)

    Application by Nebahat Evyap İşbilen, described as a citizen of Turkey residing in the United Kingdom who is "a victim of a multinational fraud committed against her by Mr. Selman Turk" involving entities in the British Virgin Islands, Cayman Islands, England, and United Arab Emirates in which the amount lost "exceeds £40 million", to take discovery from Citibank N.A. and M&T Bank Corporation for use in legal proceedings in England "against SG Financial Group Limited, Barton Group Holdings Limited, Sentinel Global Asset Management, Inc., Sentinel Global Partners Limited, AET Global DMCC, Forten Holdings Limited, Forten Limited, Heyman AI Limited (in liquidation), and Gary Bernard Lewis", filed at the U.S. District Court for the Southern District of New York.

    Liechtenstein: Education Feo Ltd. (‘€10K Crypto Investment Fraud’)

    Application for the appointment of a Commissioner to collect evidence from "online payment platform" Stripe regarding an "account held by “Education Feo Ltd.” and connected to a German bank account ending in -0801" - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into an alleged fraud perpetrated after the victim "provided his contact information to an online cryptocurrency investment platform"

    SEC v. Sam Lee et al: Complaint (‘$1.7B HyperFund Crypto Fraud’)

    Complaint alleging "a global, crypto asset-related, multi-level marketing pyramid and Ponzi scheme that raised over $1.7 billion from victims worldwide, including millions from U.S. investors" in U.S. Securities and Exchange Commission v. Xue Samuel Lee, a.k.a. Sam Lee, described as a citizen of Australia residing in Dubai, United Arab Emirates, and Brenda Indah Chunga, a.k.a. Bitcoin Beautee, at the U.S. District Court for the District of Maryland.

    Grifols S.A. et al v. Daniel Yu et al: Complaint (‘Predatory Short Sellers’)

    Complaint against "predatory short sellers, led by convicted felon Daniel Yu, who illicitly profit from their rigged short-and-distort schemes" in Grifols S.A., of Spain, and Grifols Shared Services North America Inc., collectively described as "a global healthcare leader founded over 100 years ago that supplies lifesaving plasma-derived medicines to patients with rare and chronic diseases" v. Daniel Yu, Gotham City Research LLC, General Industrial Partners LLP, of England, and Cyrus de Weck, a resident of England, at the U.S. District Court for the Southern District of New York.

    USA v. Sam Lee: Criminal Indictment (‘$1.9B HyperFund Crypto Fraud’)

    Criminal Indictment alleging conspiracy to commit securities fraud involving HyperFund, which was described as "an unincorporated organization" that "operated a purportedly legitimate decentralized finance, or "DeFi," cryptocurrency investment platform and touted its investment program to the public through social media and other means", in USA v. Sam Lee, described as "a citizen of Australia and resident of the United Arab Emirates" and "co-founder of HyperFund", at the U.S. District Court for the District of Maryland.

    USA v. Broad Bay Ltd.: Superseding Information (‘Securities Fraud by British Billionaire Joe Lewis’)

    Superseding Information alleging "the defendant, and other corporate entities under the direction and control of Joseph Lewis, a billionaire businessman and investor, engaged in a scheme to defraud Mirati Therapeutics, the investing public, and the Securities and Exchange Commission by amassing beneficial ownership of more than twenty percent of Mirati Therapeutics' stock in contravention of agreements with the company, by hiding Lewis's undisclosed ownership of Mirati Therapeutics shares through shell corporations in the names of nominees, and by deliberately omitting those entities from SEC filings and falsely reporting Lewis's share ownership of Mirati Therapeutics" in USA v. Broad Bay Ltd., of the Bahamas, at the U.S. District Court for the Southern District of New York.

    USA v. Zubair Mehmet Abdur Razzaq al Zubair et al: Criminal Indictment (‘Fraud & Money Laundering’)

    Criminal Indictment alleging investment fraud, money laundering, theft of government funds, and harboring a fugitive involving Dubai Bridge Investments and Al Zubair Capital in USA v. Zubair Mehmet Abdur Razzaq al Zubair, a.k.a. Zubair Mehmet Abdur Razzaq, described as a former resident of the United Arab Emirates who "falsely claimed to be a member of a royal family in the U.A.E.", and Muzzammil Muhammad al Zubair, a.k.a. Muzzammil Ibn Muhammad, a resident of Ohio who "claimed to be a hedge fund manager", at the U.S. District Court for the Northern District of Ohio.

    Shadwrick Vick v. Hudson Bay Master Fund Ltd. et al: Complaint (‘Toxic Lenders’)

    Shareholder Derivative Complaint against "'death spiral' or 'toxic' lenders" and "unregistered securities dealers that make unlawful, predatory loans to publicly traded companies in need of cash" in Shadwrick Vick, derivatively on behalf of Vinco Ventures, Inc. v. Hudson Bay Master Fund Ltd., of the Cayman Islands; Sander R. Gerber, Yoav Roth, BHP Capital NY, Inc., and Bryan Pantofel, as Defendants, and Vinco Ventures, Inc., as Relief Defendant, at the U.S. District Court for the Southern District of New York.

    Alpine Partners (BVI) LP v. Terrie Curran: Discovery Application (Bermuda)

    Application by Alpine Partners (BVI) L.P., of the British Virgin Islands, to take discovery from Terrie Curran for "an appraisal proceeding pending before the Supreme Court of Bermuda" regarding "the fair value of its shares in Myovant Sciences Ltd.", filed at the U.S. District Court for the District of New Jersey.

    Alpine Partners (BVI) LP v. Mark Guinan: Discovery Application (Bermuda)

    Application by Alpine Partners (BVI) L.P., of the British Virgin Islands, to take discovery from Mark Guinan for use in "an appraisal proceeding pending before the Supreme Court of Bermuda" regarding "the fair value of its shares in Myovant Sciences Ltd.", filed at the U.S. District Court for the Middle District of Florida.

    Alpine Partners (BVI) LP v. Nancy Valente: Discovery Application (Bermuda)

    Application by Alpine Partners (BVI) L.P., described as "an investment fund constituted as a limited partnership in the British Virgin Islands", to take discovery from Nancy Valente for use in "an appraisal proceeding pending before the Supreme Court of Bermuda" regarding "the fair value of its shares in Myovant Sciences Ltd.", filed at the U.S. District Court for the Northern District of California.

    TCA Global Credit Fund, LP et al v. Grant Thornton Cayman Islands et al: Complaint (‘Fund Audit’)

    Complaint "for enabling and failing to prevent the gross mismanagement of the Receivership Entities by certain former insiders of TCA Fund Management Group Corp." in Jonathan E. Perlman, as court-appointed Receiver for TCA Global Credit Fund, LP, TCA Global Credit Fund, Ltd., TCA Global Credit Master Fund, LP, and TCA Global Lending Corp. v. Grant Thornton Cayman Islands and Grant Thornton Ireland at the U.S. District Court for the Southern District of Florida.

    CFTC v. Debiex et al: Complaint (‘Pig Butchering Fraud’)

    Complaint alleging fraud in Commodity Futures Trading Commission v. Debiex, as Defendant, and Zhāng Chéng Yáng, described as "a Chinese ntional", as Relief Defendant, at the U.S. District Court for the District of Arizona.

    Champ Key Ltd. v. Canoo Inc.: Complaint (‘$23M Misconduct’)

    Complaint that "arises out of Canoo’s unjustified and illegal refusal to remove restrictive legends on 17,189,210 shares of Canoo common stock owned by Champ Key" in Champ Key Limited, described as a British Virgin Islands company based in Hong Kong v. Canoo Inc. at the U.S. District Court for the Southern District of New York.

    Swedish national Jon Malmsäter’s SCF Brazil Cayman fund goes into liquidation

    Another Cayman Islands mutual fund - SCF Brazil, Cayman Feeder SPC - associated with the Miami-based, Brazil-focused Prudent Group has collapsed, this one operated by Swedish national Jon Malmsäter, who has a history of dubious investment schemes, indebtedness, tax problems, and even domestic violence.

    SCP Pentivm Group v. Next Alpha Management LLC et al: Complaint (‘$1M Investment Fraud’)

    Complaint "to recover damages and hold Defendants accountable for their deceptive and fraudulent practice of misleading investors, including Pentivm, into investing large sums of money without any intention of complying with stated investment objectives or investor redemption rights" in SCP Pentivm Group, described as "a foreign holding company based in Monaco that is owned and managed by Vicente Zaragoza" v. Next Alpha Management LLC, Next Alpha Holding LLC, Next Alpha Offshore Feeder Fund Ltd., of the British Virgin Islands", and John 'Kanan' Flowers at the U.S. District Court for the Southern District of New York.

    HTI Financial Solutions Ltd. v. Manhattan SMI KG Properties Finance Ltd. et al: Complaint (‘$344M Breach of Contract’)

    Complaint in HTI Financial Solutions Limited, described as a "Hong Kong based investment manager" v. Manhattan SMI KG Properties Finance Limited, described as a British Virgin Islands-domiciled company based in New York, USA; SMI USA Group LLC, formerly known as Shanghai Municipal Investment Group USA LLC; SMI 520 Fifth Ave LLC, 520 Fifth Owner LLC, and KG Fifth Ave Investment LLC, all of Delaware, USA, at the U.S. District Court for the Southern District of New York.

    SEC v. Shanchun Huang: Complaint (‘Securities Fraud’)

    Complaint alleging "the Chief Executive Officer (“CEO”) of Future FinTech Group Inc. (“Future FinTech”), a Nasdaq-listed corporation, manipulated the stock price of Future FinTech by buying hundreds of thousands of Future FinTech shares to artificially increase the company’s stock price shortly before and after he became CEO in March 2020" in U.S. Securities and Exchange Commission v. Shanchun Huang, described as a resident of London, England, at the U.S. District Court for the Southern District of New York.