Dastime Group Ltd. et al v. Alexander Vartanyan: Petition
Petition to Compel Arbitration in Dastime Group Limited and Konstantin Grigorishin v. Alexander Vartanyan at the U. S. District Court for the Northern District of California.
10-Year War: USA v. Eurofed Bank’s Offshore Liquidators For $150 m in Offshore Banks
This session will look at a 10-year legal battle between the USA and the liquidators of Eurofed Bank, in Antigua, for control over assets accumulated by corrupt former Ukraine Prime Minister Pavlo Lazarenko.
Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko et al: Amended Complaint
Amended Complaint in Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko, Alexander Tymoshenko, and Andrey Vavilov at the U. S. District Court for the Southern District of New York.
USA v. Funds Associated With Pavlo Lazarenko: USA’s Motion For Summary Judgment
USA's Statement Of Material Facts As To Which There is No Genuine Dispute In Support Of Its Motion For Summary Judgment To Strike The Claim Of European Federal Credit Bank Limited (in liquidation) and the Answer of Liquidators of Eurofed Bank Limited (in liquidation) in USA v. Funds Associated With Pavlo Lazarenko at the U. S. District Court for the District of Columbia.
Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko: Plaintiff’s Memo Opposing Motion to Set Aside Default Judgment
Plaintiff's Memorandum Opposing Defendant Yulia Tymoshenko's Motion to Set Aside Default Judgment in Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko at the U. S. District Court for the Southern District of New York.
Credit Suisse (Guernsey) and trust officers accused of concealing proceeds of corruption by Ukraine politicians
Credit Suisse (Guernsey), three of its trust officers and a BVI-domiciled IBC are being sued for allegedly concealing the proceeds of corruption by former Ukraine Prime Ministers Pavlo Lazarenko and Yulia Tymoshenko and avoiding paying debts, including an $18 m judgment. At least $2.6 m in "bribes" went into accounts at Barclays Bank, in the Cayman Islands, it was alleged.
Universal Trading & Investment Co, Inc. et al v. Credit Suisse AG et al: Complaint
Complaint in Universal Trading & Investment Co, Inc., and Foundation Honesty International, Inc., both of Massachusetts, v. Credit Suisse AG, of New York; Credit Suisse (Guernsey) Ltd., of Guernsey; Credit Suisse Trust Ltd., of Guernsey; Philip John Glanfield, of Guernsey; Pamela Freda Kay Le Cheminant, of Guernsey; and Julia Rosalind Church, of Guernsey, at the U. S. District Court for the Southern District of New York.
Universal Trading & Investment Co., Inc. v. Bassington, Ltd.: Complaint
Complaint in Universal Trading & Investment Co., Inc., of Massachusetts, v. Bassington, Ltd., of the British Virgin Islands, at the U. S. District Court for the District of Massachusetts.
Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko: Complaint
Complaint in Universal Trading & Investment Co., Inc. v. Yulia Tymoshenko at the U. S. District Court for the Southern District of New York.
Insider Talking: January 12, 2010
The Hedge Hog and Conserve Fund has become the latest example of the extraordinary reluctance of the Bermuda Monetary Authority to take any meaningful action against locally domiciled financial services firms that are suspected of illegal activity, no matter how
Ex-Ukraine PM/Offshore banker receives nine-year prison-term
More than two years after being found guilty of several corruption-related charges by a United States jury, former Ukraine Prime Minister Pavlo Lazarenko has been sentenced to nine years in prison.
Lazarenko, 53, was also fined $10 million at his sentencing hearing at the U. S. District Court for the Northern District of California on August 25, 2006. The sentencing proceedings are on-going, and the Court will address the restitution claims of victims and the United States' request for $22,846,000 in forfeiture at hearings on August 31, 2006 and September 29, 2006.Â
Insider Talking: August 3, 2005
Banc Caribe liquidator & National Bank of Dominica settle litigation with Cash 4 Titles receiver; former house painter Russell Cline enters into plea agreement in Oregon concerning fraud and money laundering charges; and US authorities continue with attempt to seize assets of former Ukraine Prime Minister Pavlo Lazarenko.
Freeze order against offshore accounts tied to former Ukraine PM Pavlo Lazarenko
A United States court has issued an order freezing offshore bank accounts associated with former Ukraine Prime Minister Pavlo Lazarenko which are believed to contain approximately $273 million. A restraining order was granted by the U. S. District Court for
USA v. Funds on Deposit at Bank Julius Baer & Co. et al: Complaint
Complaint in USA v. All Funds on Deposit at Bank Julius Baer & Company, Ltd., Credit Suisse (Guernsey) Limited, and Eurofed Bank Limited in the names of Pavlo Lazarenko, Pavel Lazarenko, Samante Limited, and Alexander Milchenko at the U. S. District Court for the District of Columbia.
Pavlo Lazarenko released from prison pending trial
Former Ukraine Prime Minister Pavlo Ivanovich Lazarenko, who allegedly secretly controlled an offshore bank called Eurofed, has been released from prison in California.
After more than two years in custody pending trial on 53 counts of money laundering, fraud and transportation of stolen property, Lazarenko was allowed out on "conditional release" in an order dated June 11, 2003 at the United States District Court for the Northern District of California.Â
Insider Talking: February 28, 2002
The scam committed by Morrison Cross Financial Investments, which fleeced investors while operating as a stock broker in Panama without a license, has entered a new phase; Justice Ephraim Georges, sitting in the Antigua High Court, has apparently recused himself from legal hearings relating to the liquidation of Eurofed Bank after an objection by attorneys acting for former Ukrainian Prime Minister Pavlo Lazarenko, who considered that the judge's partiality was compromised by his son being employed by PricewaterhouseCoopers, which is liquidating the bank; On February 12, 2002, a Dallas County Grand Jury in Texas returned 24 indictments against Cameron O. Bailey relating to the sale of unregistered securities, namely Certificates of Deposit issued by Cambridge International Bank & Trust, of Grenada, and promissory notes issued by Omne Srl; As Julien Giraud waits in custody in Florida for the start of his trial on money laundering charges, his wife Lyn has been writing letters of outrage to the local press in their native Dominica, protesting at the arrest of her husband in Puerto Rico last November while he was traveling with Dominica's Finance Minister, Ambrose George; OffshoreAlert has previously reported on stock scams and other frauds perpetrated by firms linked with Bermuda Stock Exchange-listed Mezzanine Capital; and Complaints are starting to be made publicly by people who have either bought shares from, or have been approached about buying shares by, Goodman Hart Associates, Morgan Paris & Company and/or St. James & Company, who have been promoting two stocks particularly heavily: AdRentaCar Inc. and Spantel Communications Inc.
Antigua Gov’t tries to seize Eurofed Bank assets
In secret court hearings held in Antigua, the island's government has been trying to seize all or most of the $76 million of assets recovered so far in the liquidation of Eurofed Bank Ltd., we can reveal.The government is claiming the assets under its anti-money laundering laws on the grounds that they are the proceeds of criminal activity by former Ukraine Prime Minister Pavlo Lazarenko, 48.
Eurofed Bank goes from receivership to liquidation
Eurofed Bank, which went into receivership in November, has now gone into liquidation.
The bank went into liquidation by order of the High Court of Justice of Antigua and Barbuda on December 3, 1999.
Eurofed Bank goes into receivership
Antigua-registered Eurofed Bank Ltd. has been placed into receivership by the island's regulators over its suspected involvement in money laundering.
Eurofed, which also has a banking license in Grenada, went into receivership on or around November 15 after being implicated in a scandal involving Pavlo Lazarenko, a former Prime Minister of the Ukraine.