Complaint for $12.7 million alleging "Defendant is in receipt of funds as part of a fraudulent investment scheme at the expense of the Claimants" in Dismatrix SPC, Asyndeton, and Polysyndeton, all of the Cayman Islands v. Equiti Capital UK Limited, of England, at the High Court of Justice of England and Wales.
Winding Up Petition in Champlain Investment Holdings Limited, of the British Virgin Islands v. ESO Prop Corp Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.
Denmark's national tax agency has applied to take discovery from 21 corporate services providers in the British Virgin Islands and Cayman Islands whose clients are suspected of participating in a $2 billion tax refund fraud.
Judgment regarding an appeal against a lower court's dismissal of a claim against a Cayman Islands-based corporate services provider regarding Axiom Legal Financing Fund, described as having committed "a very substantial fraud in which over US$ 120 million ... was misappropriated by Tim Schools", in Steven Goodman, a lawyer specializing in litigation funding v. DMS Governance Limited at the Court of Appeal of the Cayman Islands.
Motion for Issuance of a Request for International Judicial Assistance to Obtain Evidence in the Cayman Islands from Bell Rock Corporate Services, Campbell Corporate Services Limited, CO Services Cayman Limited, DMS Corporate Services Ltd., Forbes Hare Trust Company Limited, Genesis Trust & Corporate Services Ltd., Harneys Services (Cayman) Limited, Intertrust Corporate Services (C.I.) Limited, Ocorian (Cayman) Limited, Sterling Trust (Cayman) Limited, Trident Trust Company (Cayman) Limited, Vistra (Cayman) Limited, and Walkers Corporate Limited regarding an allegedly fraudulent 12.7 billion Danish Kroner tax refund fraud scheme whose "principal organizer" was identified as Dubai-based British national Sanjay Shah in Skatteforvaltningen, a.k.a. SKAT, Denmark's tax collection agency v. John van Merkensteijn, Richard Markowitz, Bernina Pension Plan Trust, RJM Capital Pension Plan Trust, 2321 Capital Pension Plan, Bowline Management Pension Plan, California Catalog Company Pension Plan, Clove Pension Plan, Davin Investments Pension Plan, Delvian LLC Pension Plan, DFL Investments Pension Plan, Laegeler Asset Management Pension Plan, Lion Advisory Inc. Pension Plan, Mill River Capital Management Pension Plan, Next Level Pension Plan, Rajan Investments LLC Pension Plan, Spirit on the Water Pension Plan, and Traden Investments Pension Plan at the U. S. District Court for the Southern District of New York.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Allan Rutman, of Zeifman Partners, Inc., as the Foreign Representative of Derek Scheinman, a citizen of Canada and a suspected fraudster who controlled "a mortgage-backed security investment venture" known as Grossman Silver Horizon LP, at the U. S. Bankruptcy Court for the Southern District of Florida.
Complaint for $485,000 alleging fraud in Kristofer Riklis, individually and as Trustee of the Kristofer Zadora Riklis 2011 Trust v. Eran Penini, of Los Angeles, CA; Inle Capital Fund LP, of Delaware; Inle Capital Partners GP LLC, of Delaware; Inle Capital Management LP, of Delaware; and Inle Capital International Fund Ltd., a Cayman Islands fund allegedly managed by non-party DMS Management Ltd., at the Superior Court of the State of California, County of Los Angeles.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Luke Almond and Cosimo Borrelli, as the Foreign Representatives of White Oak Strategic Master Fund LP and White Oak Strategic Fund Ltd., at the U. S. Bankruptcy Court for the Northern District of California.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Michael Penner, as the Foreign Representative of Ascot Fund Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
USA's Forfeiture Bill of Particulars in USA v. Mark Scott regarding accounts at DMS Bank and Trust Ltd., of the Cayman Islands; FirstCaribbean International Bank, Iberia Bank, RBC Dominion Securities Global Ltd., Dreyfus Sohne & Cie AG, Cooperative Bank of Cape Cod, Northern Trust Company, Ocean Bank, UBS Financial Services, and Wells Fargo Advisors and other property at the U. S. District Court for the Southern District of New York.
Ex Parte Application by Andrew Reginald Yeo and Gess Michael Rambaldi, as liquidators of Rennie Produce (Aust) Pty Ltd. (in Liquidation) to take discovery from UBS AG, Midland States Bank, Pershing LLC, and The Federal Reserve Bank of New York for use in a contemplated legal action against Paul Rennie, filed at the U. S. District Court for the Southern District of New York.
Overseas Asset Management (Cayman) Ltd. et al v. Grafton Resource Investments Ltd.: Winding Up Petition
Winding Up Petition in Overseas Asset Management (Cayman) Limited and OAM European Value Fund v. Grafton Resource Investments Limited at the Grand Court of the Cayman Islands.
In a 'Statement of Affairs' filed with Companies House in Britain yesterday, investment fraudster Privilege Wealth Plc reported an estimated deficiency of £42 million. Of that amount, the company reported that £39.55 million is owed to investors, £2.5 million owed to its directors, and £124,038 to trade creditors.
Amedned Writ of Summons in Alex William Balls v. Beedyawatte Shewraj and Saxon Motor & General Insurance Company Ltd., trading as SaxonMG, at the Grand Court of the Cayman Islands.
Amended Writ of Summons in David Bree v. Conyers Dill & Pearman (Cayman) Limited and Conyers Dill & Pearman (a firm) at the Grand Court of the Cayman Islands.
Cayman Islands-based DMS Bank and a BVI-domiciled client are being sued by 318 victims of a £50 million investment fraud that was committed by Anthony Constantinou's CWM Group.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Christopher Kennedy and Matthew Wright, as the Foreign Representatives of Madison Niche Assets Fund Ltd. and Madison Niche Opportunities Fund, Ltd, at the U. S. Bankruptcy Court for the District of Delaware.
A criminal action for sexual assault against London-based investment fraudster Anthony Constantinou has been adjourned until July 20th, a source has told OffshoreAlert. It is unclear whether he has been officially charged or not.
London-based fraudster Anthony Constantinou, who oversaw a forex fraud division of the Belvedere Management Group that is known as CWM, will be criminally charged in London on Monday with six counts of sexual assault against three former female employees, OffshoreAlert can reveal.
Order authorizing the liquidators of Tangerine Management Limited (in Official Liquidation) to assign various causes of action against Timothy Schools, Dawn Cummings and DMS Offshore Investment Services Limited to Steven Jeremy Goodman at the Grand Court of the Cayman Islands.
Victims of Belvedere Management Group's global fraud scheme were pouring so much money into its London division that 33-year-old boss Anthony Constantinou regularly threw huge wads of cash up in the air for employees to grab as it rained down or scoop from the floor while on their hands and knees, according to a former employee.
The liquidator of the investment manager of Axiom Legal Financing Fund is preparing to sue Cayman-based hedge fund firm DMS Offshore Investment Services, one of its officers, Dawn Cummings, and the architect of the scam, Tim Schools. Ironically, Tangerine Investment Management's liquidator wants a litigation funding firm to finance it.
Novus International Investments Ltd. v. Tangerine Investment Management Ltd.: Litigation Funding Order
Order authorizing investigations into the availability of litigation funding in Novus International Investments Limited v. Tangerine Investment Management Limited at the Grand Court of the Cayman Islands.
British attorney and Singapore resident Steven Goodman has been accused of "actively evading service" of a complaint against him in New York for alleged extortion of the Cayman Islands-based DMS Group regarding the fraudulent Axiom Legal Financing Fund.
British attorney Timothy Schools and entities he wholly or partly beneficially owned received £81 million of the £108 million that was swindled from investors in Cayman Islands-domiciled Axiom Legal Financing Fund, the Fund's Receivers have claimed in an amended complaint filed at the High Court in London.
The Cayman Islands-domiciled umbrella fund of which the fraudulent Axiom Legal Financing Fund was a sub-fund has been involved in at least two other frauds, OffshoreAlert can reveal. In the latest incident, investors in currency fund Capricorn FXG10 were allegedly swindled out of $26.6 million by British Virgin Islands-domiciled Global Tradewaves Ltd.
Response by dms Offshore Investment Services to the Private Sector Consultation Paper and Corporate Governance Statement of Guidance for Mutual Funds of the Cayman Islands Monetary Authority.
Winding-Up Petition in America Alternative Investments Ltd. v. New Wave Fund SPC at the Grand Court of the Cayman Islands.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Hugh Dickson and Stephen Akers, as the Foreign Representatives of ICP Structured Credit Income Fund Ltd. and ICP Strategic Credit Income Master Fund Ltd., at the U. S. Bankruptcy Petition for the Southern District of New York.
U. S.-based hedge fund manager Fredrick Scott has been charged with defrauding investors in his ACI Capital Group, which has offshore structures and accounts in the British Virgin Islands and Cayman Islands,
Complaint in SJK Absolute Return Fund, LLC and SJK Absolute Return Fund, Ltd. v. EisnerAmper LLP, f.k.a. Eisner LLP, and EisnerAmper (Cayman) Ltd., f.k.a. Eisner (Cayman) Ltd., at the U. S. District Court for the Middle District of North Carolina.
The DMS Group, which provides professional directors to hundreds of offshore hedge funds, is legally challenging proposals by the Cayman Islands Monetary Authority to enhance corporate governance and provide greater transparency in the jurisdiction's financial services industry.
Cayman Private Manager II Ltd. v. Cayman Islands Monetary Authority: Application for Leave to Apply for Judicial Review
Application for Leave to Apply for Judicial Review in Cayman Private Manager II Limited, which is part of the DMS Group, v. Cayman Islands Monetary Authority at the Grand Court of the Cayman Islands.
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.
The head of a Cayman Islands fund group that claims to manage $160 million, promotes its investments as "low risk" and boasts of "consistent" 12% net annual returns for investors is being prosecuted for alleged professional misconduct in the United Kingdom. British attorney Tim Schools faces 11 allegations, including that he "failed to act with integrity" and "failed to act in the best interests of his clients".
Petition by ABN AMRO Global Custody Services NV, as custodian for Cannonball Fund II Ltd., and ABN AMRO Fund Services Bank (Cayman) Limited, as custodian for Cannonball Stability Fund LP, to wind up American Pegasus SPC, filed at the Grand Court of the Cayman Islands on June 2, 2011.