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Wells Fargo Clearing Services LLC: $7M Fine

Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $7 million on Wells Fargo Clearing Services LLC for "failure to timely file certain suspicious activity reports between April 2017 and October 2021" involving wire transfers "to or from certain foreign countries determined to be at a high risk or moderate risk for money laundering, terrorist financing or other illegal monetary movements", including "Costa Rica, Turkey, Honduras, the British Virgin Islands, Antigua, Cayman Islands, Ukraine, and Guernsey".

Thomas Plaut: Industry Ban

Administrative Order by the U.S. Securities and Exchange Commission imposing an industry ban on Thomas F. Plaut, described as "the sole owner, Chairman, and CEO of Worldwide Markets Ltd., a British Virgin Islands company with its principal place of business in Woodcliff Lake, New Jersey".

Allianz Risk Transfer (Bermuda) Ltd. v. High Lonesome Wind Power LLC: Complaint ($203M)

Complaint for $203 million alleging breach of contract regarding a "proxy revenue swap transaction" in Allianz Risk Transfer (Bermuda) Ltd., of Bermuda v. High Lonesome Wind Power LLC, of Delaware, described as "an indirect subsidiary of Enel SpA, a global energy conglomerate with a reported market capitalization in excess of $65 billion", at the Supreme Court of the State of New York, County of New York.

Christopher Rackauckas v. SafeMoon LLC et al: Class Action Complaint (‘Crypto Fraud’)

Class Action Complaint alleging cryptocurrency fraud in Christopher Rackauckas 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; David Portnoy, Braden John Karony, Jack Haines-Davies, Ryan Arriaga, Shaun Witriol, Henry 'Hank' Wyatt, Thomas Smith, Kyle Nagy, Jake Paul, Nick Carter, DeAndre Cortez Way, Ben Phillips, described as a resident of London, England; Miles Parks McCollum, and Daniel M. Keem at the U.S. District Court for the District of Utah.

Mount Nico Corp Ltd.: €290K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Mount Nico Corp Ltd. has paid €290,000 to settle a regulatory investigation.

USA v. Shujun Wang et al: Criminal Indictment

Criminal Indictment alleging the defendants engaged in illegal intelligence activities on behalf of China in USA v. Shujun Wang, Jie Ji, Ming Li, and Keqing Lu at the U.S. District Court for the Eastern District of New York.

Webuild SpA et al v. WSP USA: Discovery Application

Application by Webuild SpA, of Italy, and Sacyr SA, of Spain, described as "global construction firms specialized in building large works and complex infrastructure projects", to take discovery from WSP USA for use in "two investment arbitrations relating to major investments by Webuild and Sacyr in an international infrastructure project to build the Third Set of Locks Project for the Panama Canal", filed at the U.S. District Court for the Southern District of New York.

USA v. Gregoire Tournant: Criminal Indictment

Criminal Indictment alleging securities fraud involving Allianz Global Investors in USA v. Gregoire Tournant at the U.S. District Court for the Southern District of New York.

SEC v. Gregoire Tournant et al: Complaint (‘Multibillion Dollar Investment Fraud’)

Complaint alleging "a multibillion-dollar fraud" while the defendants "were employed by Allianz Global Investors U.S. LLC" and involving "AGI US’s Structured Alpha funds" in U.S. Securities and Exchange Commission v. Gregoire Tournant, Trevor Taylor, and Stephen Bond-Nelson at the U.S. District Court for the Southern District of New York.

Crescent Petroleum Company International Ltd. et al v. National Iranian Oil Company: Petition to Confirm Foreign Arbitration Award ($2.4B)

Petition to Confirm Foreign Arbitration Award of $2.4 billion in Crescent Petroleum Company International Limited, described as a Bermuda-domiciled, United Arab Emirates-based "private oil and gas exploration and production company operating in the Middle East", and Crescent Gas Corporation Limited, of the British Virgin Islands v. National Iranian Oil Company, of Tehran, Iran, at the U.S. District Court for the District of Columbia.

Sentia Wellness Inc. v. Boris Jordan et al: Complaint

Complaint alleging a "pattern of self-dealing and conflicts [that] ultimately enriched the debt holders but destroyed $150 million in shareholder value" in Sentia Wellness Inc. v. Boris Jordan, of Miami, Florida; Measure 8 Ventures LP, of New York; Gron Ventures Fund I LP, of Delaware; Zola Global Investors Ltd., Anson Advisors Inc., of Canada, on behalf of Anson East Master Fund LP; AC Anson Investments Ltd., of the Cayman Islands; Anson Investments Master Fund LP, of the Cayman Islands; Anson Opportunities Master Fund LP, of the Cayman Islands; Serendipity SPC - Trimble Fund SP, of the Cayman Islands, on behalf of Emerald Spur Limited; Lapid US Investments LLC, of Delaware; Hadron Healthcare and Consumer Special Opportunities Master Fund, Aterian Inc., of Delaware; Alliance Global Partners LLC, of New York; Sunny Puri, of Toronto, Canada; Juan Martinez, of New York; Peter Clateman, of New York; Wilder Ramsey, of Los Angeles, California; Gregory Crowe, of Singapore; Igor Gimelshtein, of Toronto, Canada; Tarik Ouass, of Toronto, Canada; Andrea Oriani, of London, England; Marco d'Attansio, of London, England, and Afzal Hasan, of Toronto, Canada, at the Circuit Court of the State of Oregon, County of Multnomah.

Alpine Partners (BVI) LP v. Vivo Capital LLC et al: Discovery Application

Alpine Partners (BVI) LP, of the British Virgin Islands, to take discovery from Vivo Capital LLC, Vivo Capital Fund IX (Cayman) LLC, and Vivo Capital Fund IX (Cayman) L.P. for use in "an appraisal proceeding in the Cayman Islands" involving New Frontier Health Corporation, filed at the U.S. District Court for the Northern District of California.

ENRC v. Dechert LLP et al: Judgment

Judgment in Eurasian Natural Resources Corporation Limited v. Dechert LLP, David Neil Gerrard, and The Director of the Serious Fraud Office at the High Court of Justice of England and Wales.
Evatt Tamine Judgment

Australian lawyer Evatt Tamine ordered to repay $28M to Robert Brockman’s Bermuda trust

In a judgment at Bermuda Supreme Court, Australian barrister Evatt Tamine has been ordered to repay nearly $30 million that he allegedly misappropriated from a Bermuda trust he administered on behalf of U.S. businessman Robert Brockman, who was criminally indicted at federal court in California in 2020 for an alleged $2 billion offshore tax fraud scheme.

Pareteum Corporation et al: Chapter 11 Bankruptcy Petition

Chapter 11 Petition by Pareteum Corporation, of Delaware; Pareteum North America Corp., of Delaware; Devicescape Holdings Inc., of Delaware; iPass Inc., of Delaware; iPass IP LLC, of Delaware; Pareteum Europe BV, of the Netherlands; Artillium Group Ltd., of England; Pareteum Asia Pte. Ltd., of Singapore, and Pareteum NV, of the Netherlands, collectively part of a group that "is a publicly held, leading edge, global provider of mobile networking software solutions and services for communications service providers and enterprise retail customers" with "operations in North America, Latin America, Europe, Middle East, Africa, and the Asia-Pacific region", at the U.S. Bankruptcy Court for the Southern District of New York.

Kenneth Donovan et al v. GMO-Z.com Trust Company Inc. et al: Class Action Complaint

Class Action Complaint alleging negligence, conversion, and fraud involving a cryptocurrency called GYEN, described as a "stablecoin" that is "purportedly 'pegged' to the Japanese yen at a rate of one-to-one", in Kenneth Donovan and Hussien Kassfy v. GMO-Z.com Trust Company Inc., described as a New York company that was created by "a Tokyo-based internet services industry company" called GMO Internet Group; Coinbase Global Inc., and Coinbase Inc., both of Delaware, at the U.S. District Court for the Northern District of California.

AIP Global Ltd.: License Revocation

Public Notice by the Mauritius Financial Services Commission that it has revoked the "Authorised Company" authorization of AIP Global Ltd.

Emerging India Fund Management Ltd.: License Revocation

Public Notice by the Mauritius Financial Services Commission that it has "revoked the Global Business Licence and Collective Investment Scheme Manager Licence of Emerging India Fund Management Ltd." for regulatory breaches.

USA v. 40.997711 Ethereum: Forfeiture Complaint

Forfeiture Complaint in USA v. 40.997711 Ethereum digital currency in an account at Binance cryptocurrency exchange that is believed to be the proceeds of a fraud against the operator of "an investment vehicle which invests in digital currencies, including Ethereum" who had an account at another cryptocurrency exchange, Coinbase, filed at the U.S. District Court for the Central District of California.

USA v. Edward Carriero et al: Petition to Enforce IRS Summonses (‘Investigation into Nevis-Licensed Captive Insurance Arrangements’)

Petition to Enforce IRS Summonses regarding the tax liability of ABS Healthcare Services LLC and Health Option One LLC, both of Deerfield Beach, Florida, collectively doing business as Insurance Care Direct and described as the operators of Nevis-domiciled captive insurers ICD Captive Re Ltd. and HOO Captive Re Ltd., in USA v. Edward Carriero, Seth Cohen, and Bradley Cohen at the U.S. District Court for the Southern District of Florida.