Investment

Rocinante Fund: Directors

Director Details for Rocinante Fund, obtained from the Cayman Islands General Registry on November 1st, 2022.

Gaz Capital SA: €10K Fine

Public Notice by the Luxembourg CSSF announcing that it has imposed a fine of €10,000 on Gaz Capital SA for a regulatory breach.

SSD Investments Ltd. et al v. Wilmington Savings Fund Society FSB et al: Complaint

Complaint by entities in Canada, Cayman Islands, Denmark, England, Ireland, Luxembourg, Netherlands, New Zealand, Switzerland, and USA alleging they were victims of a "Sham Transaction" in SSD Investments Ltd. et al v. Wilmington Savings Fund Society FSB et al at the Supreme Court of the State of New York, County of New York.

FXCH Ltd. v. Centre Consortium LLC: Complaint (‘$6M Crypto Dispute’)

Complaint involving "a so-called 'stablecoin' that is pegged 1-to-1 to the U.S. Dollar, called USD Coin and denominated as USDC" in FXCH Ltd., a.k.a. Foreign Exchange Clearing House, described as an Ireland-based "member-based financial utility for Institutional Spot-FX Clearing" v. Centre Consortium LLC at the U.S. District Court for the District of Massachusetts.

The Police & Fire Retirement System City of Detroit v. Argo Group International Holdings Ltd. et al: Class Action Complaint

Class Action Complaint in The Police & Fire Retirement System City of Detroit v. Argo Group International Holdings Ltd., described as "a Bermuda-based international underwriter of specialty insurance product in the property and casualty market"; Thomas A. Bradley, Scott Kirk, Kevin J. Rehnberg, Mark E. Watson III, and Jay S. Bullock at the U.S. District Court for the Southern District of New York.

Alejandro Canto v. BKCoin Management LLC et al: Complaint (‘Improper Crypto Margin Calls’)

Complaint alleging "Defendants violated the most exacting loyalties and strictest of confidences to hide massive losses in Plaintiff Alejandro Canto's investment portfolio while illegally raiding that portfolio of millions of dollars" in Alejandro Canto, described as "a young entrepreneur who earned millions of dollars in emerging industries, such as cannabis and, as relevant here, cryptocurrency" v. BKCoin Management LLC, described as a crypto investment manager; Carlos Betancourt, and Kevin Kang at the U.S. District Court for the Southern District of New York.

Naya 1740 Fund Ltd. et al v. Coupang Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud in Naya 1740 Fund Ltd., Naya Coldwater Fund Limited, Naya Master Fund LP, Nayawood LP, and Quantum Partners LP, all of the Cayman Islands v. Coupang Inc., described as a South Korea-based "social commerce platform where users could purchase tickets for theaters or travel"; Bom Suk Kim, Gaurav Anand, Michael Parker, Matthew Christensen, Lydia Jett, Neil Mehta, Benjamin Sun, Kevin Warsh, Harry You, Goldman Sachs & Co. LLC, Allen & Company LLC, JPMorgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., HSBC Securities (USA) Inc., Deutsche Bank Securities Inc., UBS Securities LLC, Mizuho Securities USA LLC, and CLSA Limited at the U.S. District Court for the Southern District of New York.

USA v. David Carmona et al: Criminal Indictment (‘IcomTech Crypto Fraud’)

Criminal Indictment alleging fraud involving IcomTech, described as "a purported cryptocurrency mining and trading company that promised to earn its victim-investors profits in exchange for their purchase of purported cryptocurrency-related investment products" in USA v. David Carmona, Marco Ruiz Ochoa, Moses Valdez, Juan Arellano, David Brend, and Gustavo Rodriguez at the U.S. District Court for the Southern District of New York.

Bucks County Employees’ Retirement System et al v. Covetrus Inc.: Complaint

Complaint "to enforce their right to inspect Covetrus' books and records in connection with a proposed merger between Covetrus and affiliates of private equity firms Clayton Dubilier & Rice, LLC and TPG Global, LLC" in Bucks County Employees' Retirement System, One68 Master Fund LP, of the Cayman Islands, and Oklahoma Law Enforcement Retirement System v. Covetrus Inc. at the Court of Chancery of the State of Delaware.

Dai Inzu (IV) Fund: License Revocation & Liquidation

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of the Dai Inzu (IV) Fund compartment of Dai Inzu V.C.I.C. (RAIF) Ltd. "since the minimum assets were not raised".

Bacho II Fund: License Revocation & Liquidation

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of the Bacho II Fund compartment of Bacho Investment V.C.I.C. (RAIF) Ltd. and put it into liquidation "since the minimum assets were not raised".

Leroy King: Order Instituting Administrative Proceedings

Order Instituting Administrative Proceedings in U.S. Securities and Exchange Commission v. Leroy King, described as "a dual citizen of both the United States and Antigua and Barbuda" who "served as the Administrator and Chief Executive Officer of the Financial Services Regulatory Commission, an agency of the Antiguan government, from approximately 2002 to 2009" and is currently serving a 10-year prison sentence after pleaded guilty to criminal charges regarding a fraud committed by former banker Allen Stanford

‘Remove improperly obtained Cayman judgment that’s been set aside,’ writes Joseph Borkowski’s law firm

Letter from Mourant Ozannes law firm, on behalf of "Joseph Borkowski, a director of RF Investment Holdings Limited (formerly Rasia)", requesting the removal from OffshoreAlert's website of a "Strike Out Judgment and the findings of fact" at the Grand Court of the Cayman Islands that has been "set aside" by the Court because it was "improperly obtained" by the plaintiff, claiming that our continued publication of the judgment was "defamatory" and a "breach" of a Court order.

Louis Plc: €10K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Louis Plc has paid €10,000 to settle a regulatory investigation into "possible ... market abuse".

Crowd Tech Ltd.: €230K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Crowd Tech Ltd. has agreed to pay €230,000 to settle a regulatory investigation.

Bo Run SPC: Directors

Director Details for Bo Run SPC, obtained from the Cayman Islands General Registry on October 5th, 2022.

Brimstone SPC: Directors

Director Details for Brimstone SPC, obtained from the Cayman Islands General Registry on October 5th, 2022.

Mediatrix Capital et al v. K8EDW Ltd. et al: Complaint (‘Fraudulent Transfers’)

Complaint alleging fraudulent transfers and unjust enrichment in Mark B. Conlan, as the "Court-appointed substitute receiver" for Mexiatrix Capital Inc., Mediatrix Capital Fund Ltd. and others v. K8EDW Limited, whose location is given as the Cayman Islands even though it does not appear to be domiciled there, and Tyler Wood, of Naples, Florida, USA, at the U.S. District Court for the District of Colorado.