World-Check

It’s ironic that U.S. banks sought to comply with an AML law passed as a result of 9/11 by subscribing to a database promoted around a lie about that very event. Yet that’s what happened in 2002 when British firm World-Check and its founder, South African David Leppan, shamelessly and repeatedly claimed their PATRIOT Act compliance database had profiles of 15 of the 19 hijackers BEFORE the attacks, with one news article even suggesting the attacks could have been prevented if the U.S. Government had been a subscriber. However, OffshoreAlert revealed that World-Check only created profiles of the hijackers when the U.S. Department of Justice released their names three days AFTER 9/11. Under Leppan’s control, World-Check also fabricated an endorsement quote from the U.S. Department of Homeland Security, entered into a suspicious offshore tax arrangement that converted revenue into expense, and included entities in its “high-risk” database simply for being members of the Cayman Islands Chamber of Commerce. It worked, however, because Leppan made tens of millions of dollars when he sold World-Check.
Timeline
22

October

2003

OffshoreAlert Finds Claims About September 11 Terrorists in Database False, Findings to be Presented at Symposium, November 3-4

Claims that a British due diligence database provider had profiles of 15 of the 19 September 11 terrorists in its system before the attacks are false, an investigation by OffshoreAlert has revealed.The claims about Global Objectives Ltd., d.b.a. World-Check, which markets USA PATRIOT Act compliance solutions, have appeared in news articles, press releases and promotional literature distributed internationally.
31

December

2003

Insider Talking: December 31, 2003

Investors who were defrauded in the Cash 4 Titles Ponzi scheme can expect to receive a dividend of approximately one-third of their recognized losses, according to Philip Stenger, the SEC Receiver responsible for administering claims; Four offshore companies and their registered agents have been trying to prevent their local regulator in the Turks & Caicos Islands from having access to their records; Also at the TCI Supreme Court, John E. Rutley Jr. has filed a lawsuit against Timothy Prudhoe, Christian Papachristou, Melbourne Wilson and Stephen Wilson, sued as and on behalf of the partners of McLeans law firm, formerly McLean McNally; Financial criminals operating in six offshore centers in the Bermuda-Caribbean region can breathe more easily next year with news that the Miami, Florida-based White-Collar Crime Investigation Team, is being disbanded on March 31, 2004 due to the withdrawal of funding by the United Kingdom government; The capacity of sales people for UK-based due diligence information provider World-Check to tell outrageous lies to potential customers in an attempt to secure a sale appears to know no bounds. FirstRand, the South African parent of Ansbacher (Cayman) Ltd., has agreed to pay 25 per cent of the amount being sought by the Irish government to cover the costs of an offshore tax investigation carried out by a panel known as the McCracken Tribunal, reported the Irish Examiner newspaper on December 19, 2003; and The Australian Securities & Investments Commission has obtained an interim order appointing a receiver over Queensland-based Comcash Australasia Pty Ltd., which it claims was operating an unregistered investment scheme in conjunction with SMC Corporation, of Dominica.
David Leppan
31

December

2004

Homeland Security refutes claims concerning British KYC database provider

A British firm previously exposed by OffshoreAlert for fraudulently seeking to profit from the 9/11 terrorist attacks is now involved in a controversy involving the United States Department of Homeland Security. Global Objectives Ltd., doing business as World-Check, launched a public relations campaign in December claiming that U. S. Immigration and Customs Enforcement, which is Homeland Security's largest investigative arm, is actively using its know your customer database to ferret out financial criminals.
31

March

2005

Insider Talking: March 31, 2005

Three former senior officers of The Harris Organization, which defrauded clients out of tens of millions of dollars before collapsing in 2002, are back in business in Panama. Lawrence George Gandolfi, 65, a.k.a. Larry Gandolfi Christopher Glover Davy, 60, and
15

November

2012

Allen Stanford Receiver v. Greenberg Traurig, LLP et al: Complaint

Ralph Janvey, as Receiver for the Stanford Receivership Estate; The Official Stanford Investors Committee, Sandra Dorrell, Samuel Troice, and Michoacan Trust v. Greenberg Traurig, LLP, Hunton & Williams, LLP, and Yolanda Suarez at the U. S. District Court for the Northern District of Texas.
04

May

2021

Patokh Chodiev v. Refinitiv US LLC et al: Discovery Application

Application by Patokh Chodiev, described as a "successful international businessperson and philanthropist" and director of "Eurasian Resources Group" with a residence in London who is "originally from Uzbekistan" but also a citizen of Russia and Belgium, to take discovery from Refinitiv US LLC and Thomson Reuters Holdings Inc. for use in "contemplated English court proceedings" against Refinitiv Limited "arising from its publication in its commercial product, the World-Check Risk Intelligence Service database, of a poorly supported and damaging report on Mr. Chodiev that has harmed and continues to harm him", filed at the U. S. District Court for the Southern District of New York.
05

May

2021

Businessman Patokh Chodiev to sue over ‘damaging’ World-Check compliance database profile

Uzbek-Russian-Belgian businessman Patokh Chodiev intends to sue British financial data and information provider Refinitiv Limited, formerly known as Reuters Limited, over "a poorly supported and damaging report" about him in its risk and compliance database known as World-Check.