Complaint against "members of a price-fixing cartel designed to eliminate price competition between and among themselves and co-conspirators to fix the intra bank interest rate used as the basis for loans to consumers, including, inter alia, mortgages, student loans, credit cards, auto loans, lines of credit, contracts, and all varieties of financial instruments" in Lisa McCarthy, Mary Katherine Arcell, Keith Dean Bradt, Jose Brito, Jan-Marie Brown, Rosemary D'Augusta, Brenda Davis, Pamela Faust, Carolyn Fjord, Donald C. Freeland, Donna Frye, Gabriel Garavanian, Harry Garavanian, Yvonne Jocelyn Gardner, Valarie Jolly, Michael Malaney, Lenard Marazzo, Timothy Nieboer, Deborah Pulfer, Bill Rubinsohn, Sondra Russell, June Stansbury, Clyde Duane Stensrud, Gary Talewsky, Diana Lynn Ultican, Pamela Ward, and Christine M. Whalen, described as "borrowers and consumers of loans and credit cards with variable interest rates" v. Intercontinental Exchange Inc., Intercontinental Exchange Holdings Inc., ICE Benchmark Administration Limited, ICE Data Services Inc., ICE Pricing and Reference Data LLC, Bank of America NA, Ban of America Corporation, Barclays Bank Plc, Barclays Capital Inc., Citibank NA, Citigroup Inc., Citigroup Global Markets Inc., Coöperatieve Rabobank UA, Credit Suisse Group AG, Credit Suisse AG, Credit Suisse Securities (USA) LLC, Deutsche Bank AG, Deutsche Bank Securities Inc., HSBC Holdings Plc, HSBC Bank Plc, HSBC Bank USA NA, HSBC Securities (USA) Inc., JPMorgan Chase & Co., JPMorgan Chase Bank NA, JPMorgan Securities LLC, Lloyds Bank Plc, Lloyds Securities Inc., MUFG Bank Ltd., The Bank of Tokyo-Mitsubishi UFJ Ltd., Mitsubishi UFJ Financial Group Inc., MUFG Securities Americas Inc., Royal Bank of Scotland Group Plc, Royal Bank of Scotland Plc, National Westminster Bank Plc, NatWest Markets Securities Inc., Royal Ban; of Canada, RBC Capital Markets LLC, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Financial Group Inc., Sumitomo Mitsui Banking Corporation Europe Ltd., SMBC Capital Markets Inc., The Norinchukin Bank, UBS Group AG, UBS AG, and UBS Securities LLC at the U. S. District Court for the Northern District of California.
Application by Chang Myung Shipping Co. Ltd., of South Korea, to take discovery from HSBC Bank USA, N.A., JP Morgan Chase Bank, N.A., Deutsche Bank Trust Company Americas, Citibank, N.A., Bank of New York Mellon, Wells Fargo Bank N.A., BNP Paribas, Standard Chartered Bank, Royal Bank of Scotland, China Merchants Bank, Agricultural Bank of China, China Construction Bank, Bank of Communications, Industrial and Commercial Bank of China, and Bank of China "for use in a foreign proceeding filed by Hebei Ocean Shipping Company Ltd.", filed at the U. S. District Court for the Southern District of New York.
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
Axiom Legal Financing Fund v. Royal Bank of Scotland International Ltd.: Judgment on Summary Judgment Application
Judgment dismissing defendant's applications for summary judgment and strike out of Amended Particulars of Claim regarding a fraud committed by Cayman Islands-domiciled Axiom Legal Financing Fund in JP SPC 1 and JP SPC 4, both of the Cayman Islands, on behalf of Axiom Legal Financing Fund v. Royal Bank of Scotland International Limited at the High Court of Justice of the Isle of Man.
Judgment appointing Receiver, Manager and Inspectors in Isle of Man Financial Services Authority v. Montpelier (Trust and Corporate) Services Limited at the High Court of Justice of the Isle of Man.
The liquidators of Gibraltar-domiciled Kijani Resources Ltd. and Ratio Ltd. intend to sue NatWest Bank for "dishonest assistance" to a $98 million fraudulent scheme headed by Irishman Richard Fagan that collapsed in 2015 after being exposed by OffshoreAlert.
Kijani Resources Ltd. et al v. The Royal Bank of Scotland International Ltd.: Pre-Action Disclosure Ruling
Ruling on Application for an Order for Pre-Action Disclosure in Edgar Lavarello and Simon Conway, as Joint Liquidators of Kijani Resources Ltd. and Ratio Ltd., v. The Royal Bank of Scotland International Limited at Gibraltar Supreme Court.
Judgment in JP SPC 1 and JP SPC 4, on behalf of the Axiom Legal Financing Fund, of the Cayman Islands v. Royal Bank of Scotland International Limited regarding a Temporary Adocate's Licence for Stephen Auld QC, at the Isle of Man High Court.
Indictment in USA v. Jack Stephen Pursley, a.k.a. Steve Pursley, an attorney based in Houston, Texas, regarding an offshore tax evasion scheme involving, inter alia, companies in Australia and the Isle of Man and a nominee in Brazil, filed at the U. S. District Court for the Southern District of Texas.
Firefighters’ Retirement System et al v. Citco Group Ltd. et al: Renewal of Plaintiffs Motion to Compel
The Louisiana Funds' Renewal of Motion to Compel on Documents in the Control of the Citco Group Ltd. in Firefighters' Retirement System, Municipal Employees' Retirement System of Louisiana, and New Orleans Firefighters' Pension & Relief Fund v. Citco Group Limited, Citco Fund Services (Cayman Islands) Limited, Citco Fund Services (Bermuda) Limited, Citco Fund Services (Suisse) S.A., Citco Fund Services (Europe) B.V., Citco Global Custody N.V., Citco (Canada) Inc., Citco Bank Nederland N.V. Dublin Branch, Citco Banking Corporation N.V., Citco Curacao N.V., Citco (USA) Holdings Inc., Citco Fund Services (SA) Inc., Citco Technology Management, Inc., Fletcher Asset Management, Inc., Alphonse 'Buddy' Fletcher, Jr., Denis Kiely, Duhallow Financial Services, LLC, Lisa Alexander, Peter M. Zayfert, Consulting Group Services, LLC, Joe Meals, Grant Thornton International Ltd., and Skadden, Arps, Meagher & Flom, LLP at the U. S. District Court for the Middle District of Louisiana.
Trading in one of the main fund-raising vehicles for the fraudulently-operated Privilege Wealth investment group has been suspended by the Bermuda Stock Exchange after its Listing Sponsor, Estera Securities, formerly Appleby Securities, apparently resigned.
Five months after being exposed as a fraud by OffshoreAlert, the Privilege Wealth investment scheme has collapsed, with an insider claiming there is a deficit of more than $40 million. Redemptions to investors have been suspended, Privilege Wealth's main office - a call center in Panama - has closed after the attempted murder of its boss - a fraud fugitive in Spain - and unpaid payroll and the group's registered agent in Gibraltar has resigned.
A Gibraltar judge has ordered an inspection of the books and records of a limited partnership that underpins the Privilege Wealth investment group, which was exposed as a fraudulent enterprise by OffshoreAlert five months ago. The order was issued after Privilege Wealth allegedly ignored a request for inspection from one of its limited partners.
Notorious British swindler Brett Jolly is secretly behind a global investment fraud being perpetrated under the name 'Privilege Wealth', OffshoreAlert can reveal. The scheme involves a sprawling web of companies and operators in Bermuda, BVI, Cayman Islands, Curacao, Dubai, Gibraltar, Guernsey, Jersey, Luxembourg, Panama, Seychelles, South Africa, Spain, UK, and USA.
Writ of Summons in Barclays Bank Plc v. Saad Investments Company Ltd. and Saad Investments Finance Company (No. 5) Limited at the Grand Court of the Cayman Islands.
Judgment in Solicitors Regulation Authority v. Richard Anthony Barnett and Anthony Augustine Swift at the Solicitors Disciplinary Tribunal.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Matthew Wright and Christopher Kennedy, as Foreign Representatives of Niton Fund SPC, U. S. Bankruptcy Court for the Southern District of New York.
First Report of Joint Official Liquidators in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.
Chapter 15 Petition for Recognition of Foreign Main Proceeding in the Cayman Islands by Hugh Dickson and Mark Byers, of Grant Thornton, as the Foreign Representatives of Saad Investments Company Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
Complaint in Fletcher International Ltd., of Bermuda v. Pitagora Fund Ltd., of the Cayman Islands; Richcourt Euro Strategies Inc., Richcourt Allweather B Inc., and America Alternative Investments Inc., all of the British Virgin Islands at the U. S. Bankruptcy Court for the Southern District of New York.
London-based litigation fund Argentum Capital, whose shares are listed on the Channel Islands Securities Exchange and whose chairman is retired British judge David Keene, is being financed by what appears to be a £90 m Ponzi scheme headed by Briton Brendan Terrill and involving the BVI, Cayman Islands, Hong Kong, Jersey, Singapore, Thailand and other jurisdictions, OffshoreAlert can reveal.
Missouri-based charity The Marvin M. Schwan Charitable Foundation has written off loans totaling $250 m that helped build The Ritz-Carlton, Grand Cayman hotel and residences development in the Cayman Islands. The amount was one-third of the charity's total assets.
AAA Venture Fund SPC Limited - which appears to be a Ponzi scheme - has been taken over by the Cayman Islands Monetary Authority. The Fund was operated by Swiss national Peter Obrist, with an address in Dubai, and Didier Van Caloen, with an address in Hong Kong.
Originating Application in The Royal Bank of Scotland N.V. v. Lavion Enterprises Limited at the British Virgin Islands High Court.
Otkritie International Investment Management Ltd. et al v. ICAP Corporates LLC et al: Discovery Application
Application by Otkritie International Investment Management Limited, Otkritie Securities Limited, and Otkritie Financial Corporation JSC to issue subpoenas for the production of documents and testimony to ICAP Corporates LLC and ICAP Securities USA LLC for use in a foreign proceeding at the U. S. District Court for the District of New Jersey.
Citing an unpaid debt of £80 million, London-based Royal Bank of Scotland Plc has petitioned to wind-up a Cayman Islands exempted company of which British entrepreneur Robert Tchenguiz is a director.
Order regarding the advertising of a winding-up petition in Royal Bank of Scotland Plc v. Serena Ownership Limited at the Grand Court of the Cayman Islands.
Otkritie International Investment Management Ltd. et al v. RBS Securities Inc.: Discovery Application
Eighth Application to Issue Subpoenas for the Production of Documents for Use in a Foreign Proceeding by Otkritie International Investment Management Limited, domiciled in the British Virgin Islands; Otkritie Securities Limited, domiciled in England and Wales; and Otkritie Financial Corporation JSC, domiciled in Russia, at the U. S. District Court for the Southern District of New York.
Originating Application in Lavion Enterprises Limited v. The Royal Bank of Scotland NV at the British Virgin Islands High Court.
Offshore providers in the Cayman Islands, Isle of Man, and Switzerland face huge liabilities after allowing insiders to loot Axiom Legal Financing Fund of tens of millions of pounds. Those most at risk from being sued by Axiom's eventual liquidators appear to be DMS Group, JP Funds Group, BDO Cayman, and Ogier, all in the Cayman Islands; Turnstone Group, in the Isle of Man; and Portland Financial Management, of Switzerland.
Joint Inspectors' Final Report in Isle of Man Financial Services Commission v. Louis Group Structured Capital Limited, LG SP Investments Ltd., Louis Group International (Europe) Limited, Louis Group SLN Limited, Louis Group Structured Fund Plc, and Louis Group (IOM) Limited at the Isle of Man High Court.
Application for the Appointment of a Commissioner - pursuant to a request for judicial assistance from the United Kingdom - to collect evidence for a criminal investigation into John Hirst, Daniel Hirst, Richard Pollett, Linda Hirst, and Zoe Waite for suspected money laundering and investment fraud.
The United States-based owner of a $250 million loan is attempting to take control of The Ritz-Carlton, Grand Cayman luxury resort in the Cayman Islands from developer Michael Ryan, OffshoreAlert can reveal.
Application for the appointment of a Commissioner - pursuant to a request for judicial assistance from Zambia - to collect evidence for a criminal investigation into shareholders of Finance Bank Zambia Limited (FBZL), specifically Finsbury Investments Limited and Dr. Rajan Lekraj Mahtani, for suspected money laundering.
Criminal Complaint alleging securities fraud in USA v. David Weinreb, a.k.a. David Harry, a.k.a. Herbert Weinreb, at the U. S. District Court for the Southern District of New York.
USA's Motion For Leave to File First Amended Complaint in a civil complaint filed by the USA against PokerStars, Full Tilt Poker, Absolute Poker, Ultimate Bet, Oldford Group Ltd., Rational Entertainment Enterprises Ltd., PYR Software Ltd., Stelekram Ltd., Sphene International Ltd., Tiltware LLC, Kolyma Corporation AVV, Pocket Kings Ltd., Pocket Kings Consulting Ltd., Filco Ltd., Vantage Ltd., Ranston Ltd., Mail Media Ltd., Full Tilt Poker Ltd., SGS Systems Inc., Trust Services Ltd., Fiducia Exchange Ltd., Blue Water Services Ltd., Absolute Entertainment SA, Blanca Games Inc. of Antigua, Raymond Bitar, Howard Lederer, Christopher Ferguson, a.k.a. Jesus Ferguson; and Rafael Furst at the U. S. District Court for the Southern District of New York.
Complaint filed by DGRP Management LLC, ESP Inc. and Riverside Premier Development LLC against Roland Bleyer, a.k.a. Roland Husner; Andrew Bacik, Christopher M. Dieterich, Robert Masud, Masud & Co., Hayman Private Equity LLC, Urban Hayman Holdings LLC and Urban Hayman JV LLC at the Circuit Court, Cook County, Illinois (Law Division).
Amended Statement of Claim filed by Riad Tawfiq Al Sadik against Investcorp Bank BSC, Investcorp Investment Advisers Limited, Shallot IAM Limited, Blossom IAM Limited, Investcorp Nominee Holder Limited, and Investcorp Trading Limited at the Grand Court of the Cayman Islands.
Riad Tawfiq Al Sadik v. Investcorp Bank BSC et al: Amended Statement of Claim with Further Corrected Cross References
Amended Statement of Claim with Further Corrected Cross References filed by Riad Tawfiq Al Sadik against Investcorp Bank BSC, Investcorp Investment Advisers Limited, Shallot IAM Limited, Blossom IAM Limited, Investcorp Nominee Holder Limited, and Investcorp Trading Limited at the Grand Court of the Cayman Islands.
Writ of Summons filed by Saad Investments Company Limited (in Official Liquidation) against Montpelier Global Funds Limited and Deutsche Bank (Suisse) SA at the Grand Court of the Cayman Islands.
Writ of Summons in the case of ABN Amro Bank NV, Commerzbank AG, Filiale Luxembourg, Lloyds TSB Bank Plc, Calyon, Landsbanki Islands HF, and The Royal Bank of Scotland Plc v. HSH Cayman I GP Ltd., HSH Cayman II Ltd., HSH Cayman V GP Ltd., HSH Coinvest (Cayman) GP Ltd., and JCF HSH (DE) GP LP at the Grand Court of the Cayman Islands.