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SEC v. Ofer Abarbanel et al: Complaint

Complaint alleging "a fraudulent investment scheme" in U. S. Securities and Exchange Commission v. Ofer Abarbanel, described as a citizen of Israel residing in California; Victor Chilelli, described as a resident of Delaware, and Income Collecting 1-3 Months T-Bills Mutual Fund,  described as "a mutual fund registered in the Cayman Islands", as Defendants, and Institutional Syndication LLC, North American Liquidity Resources LLC, Institutional Secured Credit LLC, Growth Income Holdings LLC, and Global EMEA Holdings LLC, as Relief Defendants, at the U. S. District Court for the Southern District of New York. Editor's Note: In the complaint, the SEC alleged that "Abarbanel and Chilelli arranged for friends (including a friend's wife) and nominee personnel in the Bahamas and British Virgin Islands to serve as directors of the Fund". Research by OffshoreAlert at the Cayman Islands General Registry showed that the directors of Income Collecting 1-3 Months T-Bills Mutual Fund are Boisy Roberts, of the Bahamas, and "Trevo Liburd", of the British Virgin Islands, which appears to be a typo and a reference to Trevor Liburd.
DOCUMENT.PDF

File Size: 487.94 KB

Pages:

34

 

Sector:

Litigation;Regulatory;Securities & Investment

 

Defendant(s)/Respondent(s):

Ofer Abarbanel;Victor Chilelli;Income Collecting 1-3 Months T-Bills Mutual Fund;Institutional Syndication LLC;North American Liquidity Resources LLC;Institutional Secured Credit LLC;Growth Income Holdings LLC;Global EMEA Holdings LLC

 

Court Name - US Federal:

New York - Southern District Court

Allegation:

Fraud

 

Plaintiff(s)/Applicant(s):

U. S. Securities and Exchange Commission

 

Date:

June 21, 2021

 

Case Number:

Xx Xx Xx


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