Decision Notice imposing. fine of $73,920 on Youssef Fouad Chaker for regulatory breaches involving entities in the British Virgin Islands, Cayman Islands, and United Arab Emirates.
Decision Notice by the Dubai Financial Services Authority imposing a fine of $131,600 on Wassef El Sawaf for regulatory breaches involving entities in the British Virgin Islands, Cayman Islands, and United Arab Emirates.
Decision Notice by the Dubai Financial Services Authority imposing a fine of $96,484 on Adenium Energy Capital Advisors Limited (in Official Liquidation), of Dubai, in the United Arab Emirates, for regulatory breaches.
Class Action Complaint alleging fraud in Vincenzo Peccarino v. Grab Holdings Limited, described as a Cayman Islands-domiciled, Singapore-based company that "offers a superapp that operates primarily across the deliveries, mobility, and digital financial services sectors in Southeast Asia"; Anthony Tan, Peter Oey at the U. S. District Court for the Southern District of New York.
Writ of Summons in Abraaj ABOF IV SPV Ltd., of the Cayman Islands v. Abraaj General Partner VIII Ltd., as General Partner of Neoma Private Equity Fund IV LP, of the Cayman Islands, at the Grand Court of the Cayman Islands.
$60M ‘dishonest assistance’ lawsuit filed against Walkers law firm by Qatar investor in ‘fraudulent’ Port Fund
In a complaint that the Grand Court of the Cayman Islands concealed from the public for over two months, Walkers law firm in Dubai is being sued for at least $60 million in damages by a Qatar state-owned investor for allegedly providing "dishonest assistance" to a fraudulent investment fund known as Port Fund.
Complaint to extradite Rainer von Holst from the United States to Germany to face allegations of investment fraud, filed at the U. S. District Court for the District of New Jersey.
Administrative Order by the Commodity Futures Trading Commission imposing a fine of $3.25 million on ED&F Man Capital Markets Ltd., described as a London-based "swap dealer" whose "swaps business is focused on metals and foreign currencies, for regulatory breaches.
Criminal Indictment alleging securities fraud and money laundering in USA v. John Alexander van Arem, of Ontario, Canada; Anthony Graeme Goldstein, of Ontario, Canada; Lynn Richard Hinds, of Arizona; Donovon Stiltner, of Florida and Ohio; Igor James Weisbrot, of Florida; Wayne Scott Simpson, of Florida, and Stanley Herbert Johnson, of California, at the U. S. District Court for the Southern District of Florida.
Complaint alleging "the Defendants schemed to operate a call center in Medellin, Colombia through which they used high pressure sales tactics fraudulently to sell the stocks of numerous small United States-based public companies to United States investors" in U. S. Securities and Exchange Commission v. Francis Biller, described as a citizen of Canada residing in Colombia; Raymond Dove, described as a citizen of Canada residing in Japan; Chester Alvarez, described as a citizen of the USA residing in Colombia and Oakland Park, Florida, USA; Troy Gran-Brooks, described as a citizen of Canada residing in Colombia or Canada, and Justin Plaizier, described as a citizen of the Netherlands residing in Colombia or Canada, as Defendants, and Lia Patricia Sepulveda Salazar, Edward Lopez Giraldo, Edward Clarke, and Shredderz International Corp., of Saint Kitts and Nevis, as Relief Defendants, at the U. S. District Court for the Eastern District of New York.
Investor Lau Chun Shun seeks to wind up Seahawk China Dynamic Fund, accuses manager Henry Liang of ‘dishonesty’
In a petition to wind up Cayman Islands-domiciled Seahawk China Dynamic Fund, 31-year-old investment manager Hao Liang, a.k.a. Henry Liang, has been accused of self-dealing and dishonesty by fellow Hong Kong resident Lau Chun Shun, who says he invested HK$191 million in the Fund.
Class Action Complaint in Boynton Beach Firefighters' Pension Fund v. Clarivate Plc, described as "an analytics company" that is domiciled in Jersey, in the Channel Islands, and based in London, England; Jerre Stead, and Richard Hanks at the U. S. District Court for the Eastern District of New York.
Class Action Complaint alleging securities fraud bleichmarin Arkansas Teacher Retirement System v. Clarivate Plc, described as "an information services and analytics company" domiciled in Jersey, in the Channel Islands, and based in London, England; Jerre Stead, Richard Hanks, Sheryl von Blucher, Kosty Gillis, Balakrishnan S. Iyer, Nicholas Macksey, Anthony Munk, Jane Okun Bomba, Charles J. Neral, Richard W. Roedel, Christine Archbold, Citigroup Global Markets Inc., BofA Securities Inc., RBC Capital Markets LLC, Barclays Capital Inc., HSBC Securities (USA) Inc., JPMorgan Securities LLC, and PricewaterhouseCoopers LLP at the U. s. District Court for the Eastern District of New York.
Criminal Indictment alleging securities fraud and money laundering involving individuals or entities in or from Antigua and Barbuda, Bulgaria, Canada, Cayman Islands, Croatia, Denmark, Monaco, Switzerland, United Kingdom, and USA in USA v. Ronald Bauer, Craig Auringer, Petar Mihaylov, and Daniel Ferris, at the U. S. District Court for the Southern District of New York.
Plaintiff's Motion to Entry of Default Against Defendant in ITZ Energy Associates FZE, of Ras Al Khaimah, in the United Arab Emirates v. CITIC Holding IF Group LLC, of Delaware, at the Superior Court of the District of Columbia.
Complaint alleging fraud in Green Sands Investment Club B LLC, of Delaware v. Green Sands Investment Club B LLC, of Delaware, described as a "cryptocurrency hedge fund" with an affiliate in the Cayman Islands, and Jonas Lauren Norr at the Superior Court of the State of California, County of Alameda.
Complaint alleging investment fraud in TradeInvest Asset Management Company (BVI) Ltd., of the British Virgin Islands; First Ocean Enterprises SA, of Cyprus, and Techview Investments Ltd., of the British Virgin Islands v. William 'Beau' Wrigley Jr., James Holmes, James Whitcomb, SH Parent Inc., d.b.a. Parallel; Surterra Holdings Inc., Green Health Endeavors LLC, PE Fund LP, and Robert 'Jake' Bergmann at the U. S. District Court for the Southern District of Florida.
Reena Reynolds et al v. Skyline Real Estate Investments et al: Complaint (‘€4M Irish Property Development Fraud’)
Complaint alleging a €4 million investment fraud based around "developing Irish residential property" in Reena Reynolds and Shalini Sharma, both of Chicago, Illinois, USA v. Skyline Real Estate Investments, Paul Abeton, Frances Abeton, and Edward Declan Byrne, all of Ireland, at the U. S. District Court for the Northern District of Illinois.
Complaint alleging a crypto-based investment fraud in Commodity Futures Trading Commission v. Dwayne Golden, Jatin Patel, described as a citizen and resident of India; Marquis Demarking Egerton, a.k.a. Mardy Eger, and Gregory Aggesen at the U. S. District Court for the Eastern District of New York.
More than 20,000 investors were swindled out of "at least $124 million" in crypto-based investment and multi-level marketing scams known as 'Ormeus Coin' and 'Ormeus Global' that were operated by siblings John and Tina Barksdale and involved entities in Hong Kong and Panama, it has been alleged in criminal and regulatory actions.
Complaint alleging the defendants "raised at least $124 million from over 20,000 investors" in a crypto-based fraudulent scheme involving Ormeus Global SA, of Panama, and Ormeus Coin, of Hong Kong, in U. S. Securities and Exchange Commission v. John Barksdale, described as a citizen of the USA residing in Thailand, and his sister, JonAtina Barksdale, a.k.a. Tina Barksdale, described as a citizen of the USA residing in Hong Kong, at the U. S. District Court for the Southern District of New York.
Petition in the matter of Grand T G Gold Holdings Ltd., described as "an investment holding company" whose "subsidiaries are principally engaged in the gold mining and processing businesses", at the Grand Court of the Cayman Islands.
Class Action Complaint alleging a cryptocurrency-based investment fraud in Kayla Blacksher v. SafeMoon LLC, SafeMoon US LLC, SafeMoon Connect LLC, Tano LLC, SafeMoon Ltd., of England; SafeMoon Protocol Ltd., of England; SafeMoon Media Group Ltd., of England; Braden John Karony, Jack Haines-Davies, of London, England; Ryan Arriaga, Shaun Witriol, Henry 'Hank' Wyatt, Thomas Smith, Kyle Nagy, Jake Paul, Nick Carter, DeAndre Cortez Way, Ben Phillips, Miles Parks McCollum, and Daniel M. Keem at the U. S. District Court for the Central District of California.
Public Statement by the United Kingdom's Financial Conduct Authority regarding "recent statements made by EQONEX Limited and the Binance Group confirming that an entity called Bifinity will advance a US$36 million convertible loan to EQONEX".
Complaint in Sabby Volatility Warrant Master Fund Ltd., of the Cayman Islands; Empery Asset Master Ltd., of the Cayman Islands; Empery Tax Efficient LP, of Delaware, and Empery Tax Efficient III LP, of Delaware v. Kiromic BioPharma Inc., Maurizio Chiriva-Internati, Tony Tontat, Gianluca Rotino, Pietro Bersani, Americo Cicchetti, Michael Nagel, and Jerry Schneider at the U. S. District Court for the Southern District of New York.
Judgment Dismissing Appeal in Steven Goran Stevanovich v. Marcus Wide and Mark McDonald, as Joint Liquidators of Barrington Capital Group Limited (in Liquidation), at the British Virgin Islands Court of Appeal.
Andres Mijares-Ortega v. New Oriental Education & Technology Group Inc. et al: Class Action Complaint
Class Action Complaint alleging fraud in Andres Mijares-Ortega v. New Oriental Education & Technology Group Inc., described as a Cayman Islands company that "provides educational programs, services, and products to students across the People’s Republic of China"; Chenggang Zhou, Michael Minhong Yu, and Zhihui Yang at the U. S. District Court for the Southern District of New York.
Fraudster Richard Fagan ‘makes criminal complaint against OffshoreAlert in Dubai’, claims ‘psychological and moral harm’
British and Irish national Richard Fagan has filed a criminal defamation complaint against OffshoreAlert with Dubai Police nearly seven years after we first exposed him as an investment fraudster, according to his local lawyer, Nasser Al Awar, who is described on his law firm's website as "a retired Dubai Police brigadier".
‘Apologize, Retract & Remove Content,’ writes fraudster Richard Fagan’s Dubai lawyer, Nasser Al Awar
Letter from Dubai-based lawyer and former policeman Nasser Al Awar demanding the removal of content, a retraction, and an apology on behalf of his client, British/Irish national Richard Fagan, whom OffshoreAlert has previously exposed as a serial investment fraudster.
Criminal Information alleging securities fraud involving Allianz Global Investors' Structured Alpha Funds in USA v. Stephen Bond-Wilson at the U.S. District Court for the Southern District of New York.
Complaint "to recover the tens of millions of dollars in losses Getty suffered as a result of Allianz’s mismanagement of the Structured Alpha investment strategy" in The J. Paul Getty Trust, of California, described as "a private, nonprofit cultural and philanthropic institution dedicated to the presentation, conservation, and interpretation of the world’s artistic legacy" v. Allianz Global Investors U.S. LLC, of Delaware, and Allianz SE, of Germany, at the U. S. District Court for the Southern District of New York.
Complaint alleging the defendant "participated in fraudulent scheme to create a sham public company and register an offering of its securities with the SEC, concealing from SEC filings the company's true control persons/promoters and source of funding, and his role as its securities attorney" in U. S. Securities and Exchange Commission v. Andrew Coldicutt, described as a citizen of Canada residing in San Diego, California, at the U. S. District Court for the Southern District of California.
Britons Stephen Burton and James Wellesley indicted in US for ‘$99.4M Bordeaux Cellars wine-based fraud’
United Kingdom citizens Stephen Burton, 57, and James Wellesley, 55, have been criminally indicted for fraud and money laundering at federal court in New York for an alleged $99.4 million wine-based investment scam known as 'Bordeaux Cellars', which was the trading name for companies in England and Hong Kong.
Complaint alleging fraud in Leif-Erik Hvide, described as "a U.S. citizen residing in Rio de Janeiro, Brazil" v. Holdun Family Office LLC, of Florida; Holt Financial Ltd., of the Bahamas; Holdun Family Office (Bahamas) Limited, of the Bahamas; Holt Accelerator LP, of Canada; HOLT Funds SPC, of the Cayman Islands; Brendan Holt Dunn, of the Bahamas; Margaret 'Maggie' Dunphy, of Montreal, Canada; Stuart Dunn, of Montreal, Canada; Jan Christopher Arp, of Montreal, Canada; Gordon Dempsey, of Toronto, Canada, and Michael A. Blank, described as a Florida-based attorney, at the Circuit Court of the Eleventh Judicial Circuit, in and for Miami Dade County, Florida.
Criminal Indictment alleging a $99.4 million wine-based investment fraud involving Bordeaux Cellars Limited and Bordeaux Cellars London Ltd., of Hong Kong and England, respectively, USA v. Stephen Burton, a citizen of the United Kingdom, and James Wellesley at the U. S. District Court for the Eastern District of New York.
Complaint alleging failure to pay a fine of $160,000 for securities fraud involving, inter alia, Cayman Islands-domiciled Aberon Capital Master Fund, LP in U. S. Securities and Exchange Commission v. Joseph Krigsfeld at the U. S. District Court for the Southern District of New York.
Criminal Indictment alleging a $2.4 billion investment fraud and money laundering scheme involving BitConnect, which "operated a cryptocurrency investment platform and touted its various investment programs through social media", in USA v. Satish Kurjibhai Kumbhani, described as a citizen of India, at the U. S. District Court for the Southern District of California.
Complaint alleging "a massive fraudulent investment offering" in Standmill SRO, of Montenegro v. Vitaly Fargesen, of New Jersey; Igor Palatnik, of New Jersey, and CanaFarma Hemp Products Corp., described as a Canadian company whose shares were listed on stock exchanges in Canada and Germany, at the U. S. District Court for the Southern District of New York.
Gibraltar-based wealth manager Tourbillon Limited, which is operated by 56-year-old United Kingdom national Mark Crossley, is falsely claiming to be licensed in the jurisdiction, the local regulator has warned.
Final Judgment and Order imposing financial penalties totaling $4.7 million regarding "a fraudulent scheme to solicit and misappropriate money from over 100 individuals" in Commodity Futures Trading Commission v. Casper Mikkelsen, of Denmark, at the U. S. District Court for the Southern District of New York.
Winding Up Petition in Altair Asia Investments Ltd. (in Official Liquidation) v. CS Asia Opportunities Master Fund at the Grand Court of the Cayman Islands.
Stuart Brankin appears to have left Cayman Islands corporate services provider Circumference FS after OffshoreAlert revealed allegations of fraud against one of their clients. All references to Brankin, including his name, photo, and profile, were removed from Circumference's website one day after we reported that Asia Momentum Fund, of which Brankin was a director and to which Circumference provided services, had been accused of swindling Malaysian citizens out of more than $212 million as part of a wider $4.5 billion fraud involving 1MDB.
Investment manager James Velissaris has been criminally indicted in New York for an alleged scheme involving entities in the Cayman Islands and United States in which assets were allegedly over-valued by more than $1 billion so he could receive "tens of millions of dollars" in fees and profits. Civil lawsuits were also filed against him by two US regulatory agencies and a Cayman investment fund, which brought a class action.
Soumiya Pereira Nee Tamboula Ibrahim v. Unicon Holding: Notice of Originating Motion (‘Inspection of Records’)
Notice of Originating Motion for the appointment of Michael Pearson, of FFP Limited, as Inspector "for the purpose of examining the affairs of Unicon Holding" in Soumiya Pereira Nee Tamboula Ibrahim, who appears to be based in Spain v. Unicon Holding at the Grand Court of the Cayman Islands.
Order Granting Recognition of a Foreign Main Proceeding in the Cayman Islands in the matter of Income Collecting 1-3 Months T-Bills Mutual Fund at the U. S. Bankruptcy Court for the Southern District of New York.
Dominus Multi-Manager Fund Ltd. et al v. Infinity Q Capital Management LLC et al: Class Action Complaint
Class Action Complaint involving "one of the most egregious investment fund collapses in history wherein the Funds lost over 40% of their respective values after a forced liquidation by the SEC" in Schiavi + Company LLC, of Delaware, and Dominus Multi-Manager Fund Ltd., of the Cayman Islands v. Trust for Advised Portfolios, Infinity Q Capital Management LLC, Infinity Q Volatility Alpha Fund LP, Infinity Q Volatility Alpha Offshore Fund Ltd., of the Cayman Islands; Christopher E. Kashmerick, John C. Chrystal, Albert J. DiUlio, Harry E. Resis, Russell B. Simon, Steven J. Jensen, James Velissaris, Leonard Potter, Scott Lindell, Quasar Distributors LLC, U.S. Bancorp Fund Services LLC, EisnerAmper LLP, Bonderman Family Limited Partnership LP, and Infinity Q Management Equity LLC at the U. S. District Court for the Eastern District of New York.