Investment

Class Action Complaint in MW Gestion, described as "an institutional asset manager based in France" v. Global Cord Blood Corporation, described as a Cayman Islands-domiciled, Hong Kong-based company that "provides umbilical cord blood storage and ancillary services in the in the Beijing Municipality, Guangdong Province, and Zhejiang Province of the People’s Republic of China"; Ting Zheng, Bing Chuen, a.k.a. Albert Chen; Yuen Kam, Mark Da-Jian Chen, Jennifer J. Weng, Ken Lu, Jack Chow, Jacky Cheng, Golden Meditech Holdings Limited, of the Cayman Islands; Golden Meditech Stem Cells (BVI) Company Limited, of the British Virgin Islands; GM Precision Medicine (BVI) Limited, of the British Virgin Islands; Golden Meditech Precision Medicine Limited, of Hong Kong; Golden Meditech (BVI) Company Limited, of the British Virgin Islands, and KPMG Huazhen LLP at the U.S. District Court for the Southern District of New York.

Application by Mark Longbottom and Michael Lam, as Joint Official Liquidators of LM Fund One Ltd. (in Official Liquidation), of the Cayman Islands, to take discovery from East West Bank "to potentially unveil fraudulent transfers and recover assets to be distributed to third-party creditors" in legal proceedings in the Cayman Islands, filed at the U.S. District Court for the Southern District of California.

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €360,000 on MCA Intelifunds Limited, trading as FXORO, for regulatory breaches.

Class Action Complaint in Craig Beisner v. Perion Network Ltd., of Israel, described as "a global technology company that provides digital advertising products and services"; Doron Gerstel, Tal Jacobson, and Maoz Sigron at the U.S. District Court for the Southern District of New York.

Complaint alleging the defendant "acted as an unregistered broker" for Charlie Abujudeh, who is a convicted securities fraudster, and others in U.S. Securities and Exchange Commission v. Mark Borden, described as "an attorney licensed to practice law in Canada and a resident of Thornhill, Ontario, Canada", at the U.S. District Court for the Eastern District of New York.

Post-Sentencing Order in USA v. Joseph Lewis, a.k.a. Joe Lewis, a citizen of the United Kingdom residing in the Bahamas, at the U.S. District Court for the Southern District of New York.

Application by Bertie Mehigan, described as a citizen of Ireland and a lawyer who is "a founder and partner of Mehigan LLP, a law firm with offices in Singapore and Hong Kong", and Olive Mehigan, his wife, to take discovery from International Business Machines Corporation and Promontory Financial Group, LLC for use in legal proceedings in Ireland "against Allied Irish Banks, p.l.c. and senior officers of AIB" alleging "their improper and illegal conduct relating to the Belfry 4 investment fund", filed at the U.S. District Court for the Southern District of New York.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Barry Lynch and Christopher Kennedy, both of Alvarez & Marsal, as the Foreign Representatives of Business Finance Opportunities Fund L.P., described as a Cayman Islands-domiciled mutual fund, filed at the U.S. Bankruptcy Court for the Southern District of New York.

Complaint alleging breach of subscription agreements in Pioneer Capital Anstalt, of Liechtenstein v. Super League enterprises Inc., formerly known as Super League Gaming Inc., at the U.S. District Court for the Southern District of New York.

Amended Complaint alleging fraud involving "the sale of securities owned by Defendant in Steem Monsters, Corp." in BFF II Pte Ltd., of Singapore, and Side Door Ventures LP v. Matthew Rosen at the U.S. District Court for the Eastern District of Pennsylvania.

Complaint alleging "a fraudulent scheme that lured Plaintiff into transferring cryptocurrency to various individuals associated with an online cryptocurrency trading websites, wap.ameritrbp.com (impersonating TD Ameritrade), Bitmartch, and Kine Protocol" in Dennis Keplin v. John Does 1-4 at the U.S. District Court for the Eastern District of Wisconsin.

USA's Sentencing Submission in USA v. Joseph Lewis, a.k.a. Joe Lewis, a citizen of the United Kingdom residing in the Bahamas, at the U.S. District Court for the Southern District of New York.

SEC's Notice of Joint Liability Against Relief Defendant SION Trading FZE, of the United Arab Emirates, regarding an alleged crypto-based investment fraud scheme in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

Complaint alleging fraud involving "the sale of securities owned by Rosen in Steem Monsters, Corp." in BFF II Pte Ltd., of Singapore, and Side Door Ventures LP v. Matthew Rosen and Blair Jesse Reich at the U.S. District Court for the Eastern District of Pennsylvania.

Notice of Motion to Compel Production of Documents for use in the defense of a class action complaint in the USA in Vega Capital London Limited, of England, and Adrian Spires, a citizen of the United Kingdom residing in England v. Glencore Ltd., of New York, at the U.S. District Court for the Southern District of New York.

Defendant's Sentencing Memorandum in USA v. Joseph Lewis, a.k.a. Joe Lewis, a citizen of the United Kingdom residing in the Bahamas, at the U.S. District Court for the Southern District of New York.

Petition for Court Supervision of a Voluntary Liquidation in the matter of TR1 Master Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of TR1 International Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Complaint in Lucid Alternative Fund LP, of the Cayman Islands v. Innoviz Technologies Ltd., of Israel; Omer David Keilaf, and Eldar Cegla at the U.S. District Court for the Southern District of New York.

SEC's unopposed motion for the issuance of letters rogatory to Fabio Gesufatto, Blu Stella Consulting Group Inc., Ommid Faghani, Kevin Rod, Scott Reeves, Elie Boustani, and Francois Latreille, who were described as citizens of Canada residing in Quebec, Canada, for a complaint alleging securities fraud in U.S. Securities and Exchange Commission v. Michael Caridi at the U.S. District Court for the District of Connecticut.

Complaint alleging "a fraudulent scheme perpetrated by Information Grid Ltd." in K Street Capital Investments LLC AQ-1 v. Information Grid Ltd., of England; William Cowell de Gruchy, Cleve Adams, Daniel Young, Gregory Dewerpe, described as a resident of the United Kingdom, and Aquicore, Inc. at the U.S. District Court for the District of Delaware.

Class Action Complaint regarding the alleged promotion of a crypto fraud by FTX in Edwin Garrison, Brandon Orr, Leandro Cabo, Ryan Henderson, Michael Livieratos, Gregg Podalsky, Alexander Chernyavsky, Vijeth Shetty, Chukwudozie Ezeokoli, Michael Norris, Shengyun Huang, Vitor Vozza, Kyle Rupprecht, and Sunil Kavuri v. FURIA Esports LLC, FURIAGG Corporation, and FURIA Experience LLC at the U.S. District Court for the Southern District of Florida.

Amended 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., Friedman LLP, and Marcum LLP at the U.S. District Court for the Southern District of New York.

Petition in the matter of China Technology Industry Group Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in the matter of Kingkey Financial International (Holdings) Limited, described as "an investment holding company" based in Hong Kong, at the Grand Court of the Cayman Islands.

Search Report for Megalodon Capital SPC, obtained from the Cayman Islands General Registry on February 27th, 2024.

Complaint alleging securities fraud in AvantGarde Group SpA and 1AF2, both of Italy v. Stock Loan Solutions LLC, Joe D. Thomas, Camo LLC, Harvey L. Carmichael, and Sanskirt LLC, as Defendants, and Harvey Carmichael Inc., Stock Loan Solutions, described as "a Cayman Islands entity", and Stock Loan Solutions, described as "a Swiss special purpose vehicle", as Relief Defendants, at the U.S. District Court for the District of Utah.

Complaint in Leonard Licht, described as "a 75-year-old widower" residing in Texas, USA, who "was victimized by a pig butchering scheme spearheaded by a criminal syndicate based in Cambodia" v. Binance Holdings Limited, described as "a Cayman Islands corporation that operates the world’s largest cryptocurrency exchange, Binance.com"; BAM Trading Services, Inc., and Changpeng Zhao, described as "a Chinese-born citizen of Canada", at the U.S. District Court for the District of Massachusetts.

Director Details for Megalodon Capital SPC, obtained from the Cayman Islands General Registry on February 19th, 2024.

Director Details for Grand Island Master Fund Limited, obtained from the Cayman Islands General Registry on February 15th, 2024.

Jamaican national Robert Christopher Girvan, whose past included a criminal conviction in the Cayman Islands for a $19 million investment fraud, has died in the United States, apparently from a self-inflicted gunshot wound in the backyard of his girlfriend’s house in Alpharetta, Georgia, amid what a source said was a criminal investigation into another of his schemes.

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.

Complaint alleging the "unauthorized share transfer" of 2.5 million shares in Shengfeng Development Limited in Mid-Castle Development Limited, described as a British Virgin Islands company based in China v. Liqueous LP, of Delaware, USA, and Jacob Fernane, of North Miami Beach, Florida, USA, at the U.S. District Court for the Southern District of Florida.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Tasameem Strategic Fund SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Public Warning by the Swiss Financial Market Supervisory Authority that Swiss Financial Insurance GmbH “is “suspected of conducting unauthorised activities in the financial market”.

Three Arrows Fund - the offshore feeder fund for British Virgin Islands-domiciled, Singapore-based failed crypto hedge fund Three Arrows Capital - has applied for Chapter 15 bankruptcy recognition in New York.

Complaint alleging "breach of contract ... based on Safety Shot’s refusal to honor a valid exercise of a Warrant" in Sabby Volatility Warrant Master Fund Ltd., of the Cayman Islands v. Safety Shot Inc. at the U.S. District Court for the Southern District of New York.

Motion for a Temporary Restraining Order in Newton AC/DC Fund L.P. v. Hector DAO, Farooq Hassan, and John Doe at the U.S. District Court for the District of New Jersey.

Complaint alleging "waste and failure to protect investor funds" in Newton AC/DC Fund L.P. v. Hector DAO, Farooq Hassan, and John Doe at the U.S. District Court for the District of New Jersey.

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.

Petition for Court Supervision of a Voluntary Liquidation in the matter of SCF Brazil, Cayman Feeder SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

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".

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.

Complaint for "inspection of books and records" in Zama Capital Master Fund, LP, of the Cayman Islands, "in its capacity as a beneficial stockholder of 26 Capital" v. 26 Capital Acquisition Corporation at the Court of Chancery of the State of Delaware.

Citing a debt of $404 million and the need for an "urgent investigation" into the conduct of its 49-year-old founder, chairman, and CEO, José Neves, U.S. financial services provider Wilmington Trust has filed a petition at the Grand Court of the Cayman Islands to wind up Cayman-domiciled, United Kingdom-based luxury fashion e-commerce firm Farfetch Limited.

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.

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.

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.

Criminal Information regarding Saint Vincent and the Grenadines-domiciled "online trading platform" operator FXPrimary LLC, d.b.a. FXP, in USA v. Ian Taylor Higgins at the U.S. District Court for the Eastern District of Virginia.

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.