Latest
GAM (Luxembourg) SA: €48.5K Fine
Public Notice by the Luxembourg CSSF that it has imposed a fine of €45,500 on GAM (Luxembourg) SA, described as an investment fund manager, for regulatory breaches.
Orbis Global Equity LE Fund et al v. Vale SA et al: Complaint
Complaint "to recover significant investment losses suffered as a result of securities fraud perpetrated by Defendants" in Orbis Global Equity LE Fund, of Australia; Orbis Global Equity Fund, of Australia; Orbis Global Balanced Fund, of Australia; Orbis SICAV, of Luxembourg; Orbis Institutional Funds Limited, of Bermuda; Orbis Global Equity Fund Limited, of Bermuda; Orbis Institutional Global Equity LP, of Delaware, and Orbis OEIC, of England and Wales v. Vale SA, described as "an international mining company based in Brazil"; Murilo Ferreira, Fabio Schvartsman, Luciano Siani Pires, Gerd Peter Poppinga, and Luiz Eduardo Froes do Amaral Osorio at the U. S. District Court for the Eastern District of New York.
Stephen Corran: Disqualification (Isle of Man)
Public Notice by the Isle of Man Financial Services Authority that it has disqualified Stephen Paul Corran.
Matthias Bolliger: Disqualification (Isle of Man)
Public Notice by the Isle of Man Financial Services Authority that it has disqualified Matthias Dieter Bolliger, a resident of Monaco.
Brett Armitage: Disqualification (Isle of Man)
Public Notice by the Isle of Man Financial Services Authority that it has disqualified Brett Sinclair Armitage.
Bridgewater (IOM) Ltd.: £225K Fine & Disqualification of Directors
Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £225,085 on financial services provider Bridgewater (IOM) Limited and disqualified Matthias Bolliger, Stephen Corran, and Brett Armitage as directors for regulatory breaches.
Privilege Wealth Plc: Liquidator’s Progress Report (2021)
Liquidator's Progress Report for Privilege Wealth Plc, prepared by David Ingram, of Grant Thornton, and filed with Companies House for England and Wales on November 24th, 2021.
‘We’re appealing our fine and have surrendered our Malta license,’ writes Amagis Capital Services representative
Letter to OffshoreAlert from Andrea Vianelli, on behalf of Amagis Capital Services Ltd., requesting the removal from our website of a public notice by the Malta Financial Services Authority that it had imposed an administrative fine of €2,500 on the company for failure to submit its 2019 audited financial statements on time, adding that the fine will be appealed and that the firm has voluntarily surrendered its 'Company Services Providers' license.
Canadian Troy Hogg claims two Americans ‘misappropriated $250K I paid them for Bermuda bank license’
In a legal action in which he is seeking $395 million in damages for an alleged fraud involving a cryptocurrency scheme, Canadian Troy Hogg claims two Americans "misappropriated" $250,000 he gave them in 2019 to try to obtain a bank license in Bermuda, OffshoreAlert can reveal.
Direct Lending Investments LLC et al v. Shinhan Bank Co. Ltd. et al: Complaint
Complaint to avoid a "fraudulent transfer" of $166 million regarding an allegedly fraudulent investment schemes involving, inter alia, funds in the Cayman Islands, Delaware, and Nevada in Bradley D. Sharp, as the Permanent Receiver for the Estate of Direct Lending Investments LLC, Direct Lending Income Fund LP, Direct Lending Income Feeder Fund Ltd., DLI Capital Inc., DLI Lending Agent LLC, and DLI Assets Bravo LLC and their successors, subsidiaries and affiliated entities v. Shinhan Bank Co. Ltd., Kookmin Bank Co. Ltd., Korea Securities Finance Corporation, Goldenbridge Asset Management Co. Ltd., JB Asset Management Co., Ltd., Korea Alternative Investment Asset Management Corporation, all of South Korea, and 33 Fund Defendants at the U. S. District Court for the Central District of California.
Direct Lending Investments LLC et al v. Daishin Securities Co. Ltd.: Complaint
Complaint to avoid a "fraudulent transfer" of $49.7 million regarding an allegedly fraudulent investment schemes involving, inter alia, funds in the Cayman Islands, Delaware, and Nevada in Bradley D. Sharp, as the Permanent Receiver for the Estate of Direct Lending Investments LLC, Direct Lending Income Fund LP, Direct Lending Income Feeder Fund Ltd., DLI Capital Inc., DLI Lending Agent LLC, and DLI Assets Bravo LLC and their successors, subsidiaries and affiliated entities v. Daishin Securities Co. Ltd., of South Korea, at the U. S. District Court for the Central District of California.
Demetrios Chomatas et al: €9K Settlement
Public Notice by the Cyprus Securities and Exchange Commission that Demetrios Chomatas and unidentified "members of his family, as well as the legal person which he owned at the particular period" have agreed to pay a total of €9,000 to settle a regulatory investigation.
An Investigator’s Dream – OffshoreAlert vGlobal 2021
The latest tools, databases, and techniques to help you investigate and understand high-value international finance will be on display at next month's week-long OffshoreAlert vGlobal virtual conference.
Orbis Global Equity Fund Ltd. et al v. NortonLifelock Inc. et al: Complaint
Complaint alleging "a straightforward fraud in which Defendants misled investors about Symantec's financial performance and accounting practices" in Orbis Global Equity Fund Limited, of Bermuda; Orbis Global Equity Fund, of Australia; Orbis Institutional Funds Limited, of Bermuda; Orbis Global Equity LE Fund, of Australia; Orbis Institutional Global Equity LP, of Bermuda; Orbis SICAV, of Luxembourg; Orbis Optimal SA Fund Limited, of Bermuda; Orbis Institutional US Equity LP, of Bermuda; Orbis OEIC, of England; Orbis Optimal Global Equity LP, of Bermuda; Allan Gray Australia Balanced Fund, of Australia, and Orbis Global Balanced Fund, of Australia, all managed by Orbis Investment Management Limited, of Bermuda v. NortonLifelock Inc., f.k.a. Symantec Corporation; Gregory S. Clark; Nicholas R. Noviello, and Mark S. Garfield at the U. S. District Court for the District of Arizona.
Troy Hogg et al v. Stephen Braverman et al: Summons With Notice
Summons With Notice for damages of $395 million alleging fraud and misappropriation regarding a cryptocurrency scheme in Troy James Hogg, a citizen of Canada, individually, and Leila Holdings Ltd., of Bermuda, derivatively on behalf of Arbitrade Ltd., also of Bermuda v. Stephen Lance Braverman, Kent Mason Swig, Dignity Mining Group LLC, Charles Hamlin Woodworth, Daniel Francis Sweet, Coinmint LLC, of Puerto Rico; Prieur Leary, Hayden Gill, Max Warren Barber, William Richard Saunders, Shaun L. Heseltine, ABCOR International Ltd., of Belize; Scotia International of Nevada Inc., of Utah; SION Trading FZE, of the United Arab Emirates; Jeffrey Muller, Victor George Webb, G4S Cash Services LLC, of the United Arab Emirates; Peter Walters, Kaled Swlaiman Salem Bokhem, Silver Estate Management Ltd., of Wyoming; E. Warren Goss, and Impact Partners, of New York, at the Supreme Court of the State of New York, County of New York.
Amagis Capital Services Ltd.: €2.5K Fine
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,500 on Amagis Capital Services Ltd. for a regulatory breach.
Kazakhstan’s BTA Bank sues ex-chairman and 52 others in the BVI for ‘$231M offshore SPV fraud’
In a complaint filed at the British Virgin Islands High Court, Kazakhstan's BTA Bank has accused 53 defendants in the BVI, Cyprus, Germany, Guernsey, Kazakhstan, Latvia, Panama, Russia, Seychelles, Singapore, Switzerland, and USA, including its former chairman, Mukhtar Ablyazov, of defrauding the bank of $231 million.
StoneCo Ltd.: Directors
Director Details for StoneCo Ltd., obtained from the Cayman Islands General Registry.
Crypto Lotus Fund B (Master) Ltd.: Corporate Summary
Search Report for Crypto Lotus Fund B (Master) Ltd., obtained from the Cayman Islands General Registry on November 22nd, 2021.
Crypto Lotus Fund B (International) Ltd.: Corporate Summary
Search Report for Crypto Lotus Fund B (International) Ltd., obtained from the Cayman Islands General Registry on November 22nd, 2021.
Crypto Lotus Fund B (Master) Ltd.: Directors
Director Details for Crypto Lotus Fund B (Master) Ltd., obtained from the Cayman Islands General Registry on November 22nd, 2021.
Crypto Lotus Fund B (International) Ltd.: Directors
Director Details for Crypto Lotus Fund B (International) Ltd., obtained from the Cayman Islands General Registry on November 21, 2021.
Ganymede Cayman Ltd.: Restoration Application
Originating Application in the matter of Ganymede Cayman Ltd., whose director is Sanjay Shah, at the Grand Court of the Cayman Islands.
Colbrook Ltd.: Restoration Application
Originating Application in the matter of Colbrook Ltd., whose director is Sanjay Shah, at the Grand Court of the Cayman Islands.
Mare Services Ltd.: €500 Fine
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on Mare Services Limited.
Corpserv Ltd.: €2K Fine
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,000 on Corpserv Ltd. for a regulatory breach.
Ronald Ray v. StoneCo Ltd. et al: Class Action Complaint
Class Action Complaint alleging fraud in Ronald F. Ray v. StoneCo Ltd., described as a Cayman Islands-domiciled "provider of financial technology solutions" whose primary market is Brazil and whose shares are listed on NASDAQ; Thiago dos Santos Piau, Lia Machado de Matos, Rafael Martins Pereira, and Marcelo Bastianello Baldin at the U. S. District Court for the Southern District of New York.
Atom Corporate Services Ltd.: €500 Fine
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on Atom Corporate Services for a regulatory breach.
Romania: Bank of America
Application by the USA to collect evidence from the Bank of America - pursuant to a request for judicial assistance from Romania - for a criminal investigation into "unknown subjects for fraud".
T&S Capital: Restoration Application
Originating Application in the matter of T&S Capital, whose director is Sanjay Shah, at the Grand Court of the Cayman Islands.