OffshoreAlert Daily Digest – October 3, 2023
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Tuesday, October 3, 2023
Samuel Bankman-Fried v. Continental Casualty Company: Complaint (‘Insurance Coverage’)
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Complaint alleging breach of contract and insurance bad faith in Samuel Bankman-Fried, described as “a defendant in an ongoing, complex criminal trial relating to alleged conduct related to Paper Bird Inc. and its subsidiary FTX Trading Ltd.” v. Continental Casualty Company, described as “Mr. Bankman-Fried’s excess insurer under a directors and officers insurance policy”, at the U.S. District Court for the Northern District of California.
San Marino: Meta Platforms Inc. (‘Hacking of Instagram Account’)
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Application for the appointment of a Commissioner to collect evidence from Meta Platforms Inc. – pursuant to a request for judicial assistance from San Marino – for use in a criminal investigation into “an unknown suspect for unauthorized access to a computer system and impersonation offenses”.
Nir Lahav v. Binance Holdings Ltd. et al: Class Action Complaint (‘Unfair Competition That Damaged Crypto Competitor FTX’)
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Class Action Complaint “against Defendants for injury under unfair competition and violations of Security Exchange Commission laws for attempts to monopolize the cryptocurrency platform market by hurting the competitor trading platforms operated by the FTX Entities” in Nir Lahav v. Binance Holdings Limited, described as a Cayman Islands crypto firm based in China; BAM Trading Services Inc., BAM Management US Holdings Inc., and Changpeng Zhao at the U.S. District Court for the Northern District of California.
LM BP Holdings LLC: Chapter 15 Petition (Canada)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by NextPoint Financial Inc., as the Foreign Representative of LM BP Holdings LLC, described as “a member of the ‘LoanMe group of companies'”, filed at the U.S. Bankruptcy Court for the District of Delaware.
MALT Family Trust et al v. Phoenicia LLC: Complaint (‘Inspection of Books & Records’)
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Complaint “to compel Phoenicia to provide books and records of its business operations” amid “public reports of mismanagement and/or malfeasance” by Phoenicia’s “parent”, 777 Partners LLC, which is attempting to purchase English soccer club Everton F.C., in Timothy James O’Neil-Dunne and MALT Family Trust v. Phoenicia LLC at the Court of Chancery of the State of Delaware.
Cheer Hope Holdings Ltd. v. Prosperity Minerals Group Ltd.: Liquidation Application (‘HK$85M Debt’)
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Originating Application in Cheer Hope Holdings Limited v. Prosperity Minerals Group Limited at the British Virgin Islands High Court.
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Recent:
Oksana Kiritchenko v. Citicorp et al: Discovery Application (Bulgaria)
AiShang You Ltd. et al v. Bimini Guo et al: TRO Motion
CFTC v. Or Patreanu et al: Complaint (‘Crypto Fraud’)
USA v. 12,324.84 USDT et al: Forfeiture Complaint (‘Crypto Fraud’)
MTACC Ltd.: License Suspension (Malta)
QIC Ltd. v. Deutsche Bank: Discovery Application (Denmark)
Joshua Kalkbrenner v. Blue Trust Loans et al: Class Action Complaint (‘Indian Tribe Predatory Loans’)
Khaled Elsisi et al v. CFT Solutions LLC et al: Complaint (‘$1.4M Forex Fraud’)
AiShang You Ltd. et al v. Biuming Guo et al: Complaint
Chryskylodon LLC v. Markus Schneider et al: $475K Judgment (‘Crypto Fraud’)
Eric O’Neill et al v. Coinbase Global Inc. et al: Complaint (‘Wrongful Conduct’)
Labuan FSA: Business Restrictions (August 25, 2023)
USA v. Samvel Grigoryan et al: Criminal Indictment (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
Kore Fund Ltd.: Directors (Cayman Islands)
181 Harbour Mezz LLC v. Kore Fund Ltd.: Notice of Removal (‘Vulture Fund’)
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The post Switzerland adds to Russia sanctions guidance on iron and steel ban appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – October 2, 2023
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Monday, October 2, 2023
Oksana Kiritchenko v. Citicorp et al: Discovery Application (Bulgaria)
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Application by Oksana Kiritchenko to take discovery from Citicorp North America, Inc., U.S. Bancorp., J.P. Morgan Chase Bank, Bank of America, Pacific Western Bank, LogiX Federal Credit Union, Wells Fargo Bank, and Richard Ploesch for use in legal proceedings in Bulgaria, filed at the U.S. District Court for the Central District of California.
QIC Ltd. v. Deutsche Bank: Discovery Application (Denmark)
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Application by QIC Ltd., described as “a governmental entity wholly owned by the Australian State of Queensland”, to take discovery from Deutsche Bank AG New York Branch and Deutsche Bank Trust Company of the Americas for use in legal proceedings in Denmark “against Danske Bank A/S” by “over 300 claimants” who allegedly suffered investment losses of “around $1 billion” due to “a series of money laundering activities over a nine-year period from 2007 through 2015 by Danske’s Estonian branch, which has been referred to as the largest money laundering scandal in world history”, filed at the U.S. District Court for the Southern District of New York.
CFTC v. Or Patreanu et al: Complaint (‘Crypto Fraud’)
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Complaint alleging the defendants, “doing business under multiple brand names including Trade2Get, Coinbull, Cryptonxt, Tradenix, Cryptobravos, Nittrex, Wobit, and Pinance”, perpetrated a crypto-based investment fraud in Commodity Futures Trading Commission v. Or Patreanu, of Israel; Snir Hananya, of Italy; Artem Prokopenko, of Ukraine; Elijah Samson, of Germany, and Expected Value Plus Ltd., of Seychelles, at the U.S. District Court for the District of New Jersey.
MTACC Ltd.: License Suspension (Malta)
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Public Notice by the Malta Financial Services Authority that it has suspended the financial institution license of MTACC Ltd., which trades as ePayService, for regulatory breaches.
USA v. 12,324.84 USDT et al: Forfeiture Complaint (‘Crypto Fraud’)
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Forfeiture Complaint regarding the alleged proceeds of “a cryptocurrency fraud scheme operating out of Southeast Asia and China” in USA v. Crypto seized from accounts at Binance crypto exchange in the names of Duean Phikunkaew, a citizen of Thailand; Varat Vitthayanuwat, a citizen of Thailand; Jiang Changsen, a citizen of China, and Wang Xuewen, a citizen of China, at the U.S. District Court for the District of Colorado.
AiShang You Ltd. et al v. Bimini Guo et al: TRO Motion
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Motion for Temporary Restraining Order in AiShang You Limited, of the British Virgin Islands; Dada Business Trading Co. Limited, of Hong Kong; Dongping Liu, Fengzhen Ai, Min Li, Peifeng Yu, Pijun Liu, all of China; Wenwen Yu, of Florida, USA, and Yanqin Chen, of China, derivatively and on behalf of WeTrade Group Inc., of Wyoming, USA v. Biuming Guo, Grace Li, Ning Qin, Yuxing Ye, Hechun Wei, Kean Tat Che, and Annie Huang, all of China, as Defendants, and Globex Transfer LLC, of Florida, USA, as Nominal Defendant, at the U.S. District Court for the District of Wyoming.
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Recent:
Joshua Kalkbrenner v. Blue Trust Loans et al: Class Action Complaint (‘Indian Tribe Predatory Loans’)
Khaled Elsisi et al v. CFT Solutions LLC et al: Complaint (‘$1.4M Forex Fraud’)
AiShang You Ltd. et al v. Biuming Guo et al: Complaint
Chryskylodon LLC v. Markus Schneider et al: $475K Judgment (‘Crypto Fraud’)
Eric O’Neill et al v. Coinbase Global Inc. et al: Complaint (‘Wrongful Conduct’)
Labuan FSA: Business Restrictions (August 25, 2023)
USA v. Samvel Grigoryan et al: Criminal Indictment (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
Kore Fund Ltd.: Directors (Cayman Islands)
181 Harbour Mezz LLC v. Kore Fund Ltd.: Notice of Removal (‘Vulture Fund’)
Labuan FSA: Enforcement Actions (December 2015 to September 2023)
VPC Impact Acquisition Holdings II: Chapter 15 Petition (Cayman Islands)
New York AG v. Donald Trump et al: Plaintiff’s ‘Facts To Be Proven At Trial’ (‘Accounting Fraud’)
New York AG v. Donald Trump et al: Decision & Order on Motions (‘Accounting Fraud’)
Jason Blain: Chapter 15 Petition (Scotland)
Joel Meyer et al v. Steven Lacaj: Default Certificate (‘Securities Fraud’)
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OFSI’s notice says that in the future “it is the Government’s intention to legislate to prohibit in all cases UK credit and financial institutions from processing payments that are transferred via a designated bank at any point in the banking chain.”
The post OFSI issues Correspondent Banking Payments General Licence appeared first on EU Sanctions.
The post UK adds divestment licensing grounds to Russia guidance appeared first on EU Sanctions.
]]>OffshoreAlert Weekly Digest – September 30, 2023
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Saturday, September 30, 2023
Joshua Kalkbrenner v. Blue Trust Loans et al: Class Action Complaint (‘Indian Tribe Predatory Loans’)
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Class Action Complaint in Joshua Kalkbrenner v. Hummingbird Funds LLC, d.b.a. Blue Trust Loans; David Johnson, Kirk Michael Chewning, Cane Bay Partners VI, LLLP, of the U.S. Virgin Islands; Dimension Credit (Cayman), L.P., of the Cayman Islands; Strategic Link Consulting, LP, Esoteric Ventures, LLC, InfoTel International Ltd., M. Mark High, Ltd., of Belize; Kim Anderson, Jay Clark, and LaCourte Oreilles Financial Services II, LLC at the U.S. District Court for the Northern District of Illinois.
Khaled Elsisi et al v. CFT Solutions LLC et al: Complaint (‘$1.4M Forex Fraud’)
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Complaint alleging “a scheme that defrauded Plaintiffs out of a total of over $1.4 Million” in Khaled Elsisi, Najy Kanan, Ahmed Khder, Asher Bomani Lewis, Ricardo Marquez, Christine Linda Masters, of Australia; Luis Pinos, Gabriela Janeta Roman, Barry Rosner, Ahmed Sharafeldin, Stuart Wayne Springfield, Christopher Emanuel Szabo, Linwood Walker, and Robert Yeng v. CFT Solutions, LLC, Renan de Rocha Gomes Bastos, Yvenson Israel, Arthur Percy, Chuck Marshall, Divine-Seven EL, Michael Jex and Elido Santana at the U.S. District Court for the District of New Jersey.
Eric O’Neill et al v. Coinbase Global Inc. et al: Complaint (‘Wrongful Conduct’)
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Stockholder Derivative Complaint alleging breach of fiduciary duty, waste of corporate assets, and unjust enrichment in Eric O’Neill and Patrick O’Neill, derivatively and on behalf of nominal defendant Coinbase Global Inc. v. Frederick Ernest Ehrsam II, Tobias Lütke, Fred Wilson, Brian Armstrong, Marc L. Andreesen, Kathryn Haun, Kelly A. Kramer, Gokul Rajaram, Alesia J. Haas, and Jennifer N. Jones, as Defendants, and Coinbase Global Inc., as Nominal Defendant, at the Court of Chancery of the State of Delaware.
Labuan FSA: Enforcement Actions (December 2015 to September 2023)
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Public Notice by the Labuan Financial Services Authority regarding “enforcement actions” it has taken against “Labuan Licensed Entities from December 2015 to September 2023”.
VPC Impact Acquisition Holdings II: Chapter 15 Petition (Cayman Islands)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Alexander Lawson and Christopher Kennedy, of Alvarez & Marsal, as the Foreign Representatives of VPC Impact Acquisition Holdings II, filed at the U.S. Bankruptcy Court for the Southern District of New York.
AiShang You Ltd. et al v. Biuming Guo et al: Complaint
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Complaint in AiShang You Limited, of the British Virgin Islands; Dada Business Trading Co. Limited, of Hong Kong; Dongping Liu, Fengzhen Ai, Min Li, Peifeng Yu, Pijun Liu, all of China; Wenwen Yu, of Florida, USA, and Yanqin Chen, of China, derivatively and on behalf of WeTrade Group Inc., of Wyoming, USA v. Biuming Guo, Grace Li, Ning Qin, Yuxing Ye, Hechun Wei, Kean Tat Che, and Annie Huang, all of China, as Defendants, and Globex Transfer LLC, of Florida, USA, as Nominal Defendant, at the U.S. District Court for the District of Wyoming.
Chryskylodon LLC v. Markus Schneider et al: $475K Judgment (‘Crypto Fraud’)
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Judgment for $475,282 regarding an alleged crypto mining-based investment fraud in Chryskylodon LLC, of Wyoming v. Markus Schneider, Arastra AG, of Switzerland; PetaWatt Holdings Inc., of Wyoming, USA, and Swiss Picturebank (Group) AG, of Switzerland, at the Supreme Court of the State of New York, County of New York.
Kore Fund Ltd.: Directors (Cayman Islands)
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Director Details for Kore Fund Ltd., obtained from the Cayman Islands General Registry.
181 Harbour Mezz LLC v. Kore Fund Ltd.: Notice of Removal (‘Vulture Fund’)
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Notice of Removal, including a copy of the complaint alleging “an attempt by a vulture fund, Mezz Lender, to fabricate an event of default and seize Mezz Borrower’s very valuable equity”, in 181 Harbor Mezz LLC v. Kore Fund Ltd., of the Cayman Islands, at the U.S. District Court for the Southern District of New York.
New York AG v. Donald Trump et al: Plaintiff’s ‘Facts To Be Proven At Trial’ (‘Accounting Fraud’)
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Plaintiff’s ‘Facts To Be Proven At Trial’ in People of the State of New York v. Donald J. Trump, Donald Trump Jr., Eric Trump, Allen Weisselberg, Jeffrey McConney, The Donald J. Trump Organization Inc., Trump Organization LLC, DJT Holdings LLC, DJT Holdings Managing Member, Trump Endeavor 12 LLC, 401 North Wabash Venture LLC, Trump Old Post Office LLC, 40 Wall Street LLC, and Seven Springs LLC at the Supreme Court of the State of New York, County of New York.
New York AG v. Donald Trump et al: Decision & Order on Motions (‘Accounting Fraud’)
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Decision and order on motions, including granting, in part, plaintiff’s motions for summary judgment and sanctions against defendants’ attorneys, in People of the State of New York v. Donald J. Trump, Donald Trump Jr., Eric Trump, Allen Weisselberg, Jeffrey McConney, The Donald J. Trump Organization Inc., Trump Organization LLC, DJT Holdings LLC, DJT Holdings Managing Member, Trump Endeavor 12 LLC, 401 North Wabash Venture LLC, Trump Old Post Office LLC, 40 Wall Street LLC, and Seven Springs LLC at the Supreme Court of the State of New York, County of New York.
Jason Blain: Chapter 15 Petition (Scotland)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Scotland by James B. Stephen, of BDO, in Glasgow, Scotland, as the Foreign Representative of Jason Hector Blain, a former executive with the British Broadcasting Corporation (BBC), filed at the U.S. Bankruptcy Court for the Northern District of Texas.
USA v. 303,992.547 USDT et al: Forfeiture Complaint (‘Crypto Fraud & Laundering’)
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Forfeiture Complaint regarding the alleged proceeds of fraud that were seized from accounts at Cayman Islands-domiciled crypto exchange Binance in USA v. 303,992.547 USDT, 100.896 BNB, and 108,551.008 USDT at the U.S. District Court for the District of Massachusetts.
USA v. 0.40401694 Bitcoin et al: Forfeiture Complaint (‘Crypto Fraud & Laundering’)
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Forfeiture Complaint regarding the alleged proceeds of fraud that were seized from accounts at Cayman Islands-domiciled Binance Holdings Ltd. in the names of Martins Eromosele Iyere, Olawumi Stephen Adewale, and Moses Olumide Sokale in USA v. 0.40401694 Bitcoin, 59,911.36 Tether, 9,128.847 Tether, 1,346.37 Decentraland, 1,039.6163 Curvedao, 14,690.894 Zillqa, 5.5550225 Avalanche, and 14,534,916 Shiba Inu at the U.S. District Court for the Eastern District of Tennessee.
Lorne Tritt et al v. 3Commas Technologies OÜ: Class Action Complaint (‘Crypto Data Breach’)
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Class Action Complaint “by Plaintiffs on behalf of themselves and the thousands of similarly situated persons whose cryptocurrency account trading credentials were acquired and/or accessed by unauthorized persons in a data breach (or data breaches) that 3Commas admitted on December 28, 2022” in Lorne Tritt, Bruce Johnson, and Joseph Fishman v. 3Commas Technologies OÜ, described as an Estonia company that “claims to be the largest crypto trading bot platform”, at the U.S. District Court for the Northern District of California.
LITASCO SA v. The Clearing House Payments Company LLC et al: Discovery Application (England)
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Application by LITASCO S.A. to take discovery from The Clearing House Payments Company LLC, Citibank N.A.; Deutsche Bank Trust Company Americas; Standard Chartered Bank; HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., The Bank of New York Mellon, Wells Fargo Bank N.A., Barclays Bank PLC, United Bank for Africa, America, Société Générale North America, SG Americas Securities Holdings, LLC, and BNP Paribas USA, Inc. for legal proceedings in England “against Der Mond Oil and Gas Africa SA and Locafrique Holding SA”, filed at the U.S. District Court for the Southern District of New York.
ProInvest Equity AG: Public Warning (Switzerland)
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Public Warning by the Swiss Financial Market Supervisory Authority that ProInvest Equity AG is “suspected of conducting unauthorised activities in the financial market”.
SEC v. Vista Financial Advisors LLC et al: Complaint (‘Ownership Disclosure Misrepresentation’)
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Complaint alleging misrepresentation of ownership involving, inter alia, “a Swedish trust” in U.S. Securities and Exchange Commission v. Vista Financial Advisors LLC and Ruben Cedrick Williams at the U.S. District Court for the Southern District of New York.
Maxwell Roux et al v. Krishna Okhandiar et al: Complaint (‘NFT Cult-Leader’s $600K Fraud’)
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Complaint in Maxwell Roux, John Duff III, Henry Smith, of New Zealand, and Bruno Nispel v. Krishna Okhandiar, a.k.a. Rohit Okhandiar, Charlotte Fang, Charlie Fang, Wonyoung Jang, Miya, Xinma33, MissJo, and Sonya; Remilia Corporation LLC, and Remilia Industries LLC at the Court of Chancery of the State of Delaware.
Panama: JPMorgan Chase (‘$938K Fraud’)
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Application for the appointment of a Commissioner to collect evidence from JPMorgan Chase – pursuant to a request for judicial assistance from Panama – for a criminal investigation into “unknown subjects for fraud, data interception, and aggravated fraud against information systems”.
Panama: Imtiaz Ismail Dasoo Dasoo (‘Fraud’)
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Application for the appointment of a Commissioner to collect evidence from Allianz Global Assistance – pursuant to a request for judicial assistance from Panama – for a criminal investigation into Imtiaz Ismail Dasoo Dasoo for suspected fraud.
Xcoal Energy & Resources v. Acciaierie d’Italia SpA: Complaint (‘Maritime Attachment & Garnishment’)
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Xcoal Energy & Resources v. Acciaierie d’Italia SpA, of Italy, at the U.S. District Court for the Southern District of Alabama.
USA v. Virtual Currency: Forfeiture Complaint (‘$170K Crypto Customer Service Fraud’)
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Forfeiture Complaint regarding the alleged proceeds of a $170,000 crypto scam against an “84-year-old victim” in USA v. Virtual Currency Seized from Binance User ID 178147165, at the U.S. District Court for the Southern District of Iowa.
Refinería de Cartagena S.A.S. v. McDermott International Ltd.: Discovery Application (England & Netherlands)
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Application by Refinería de Cartagena S.A.S., of Colombia, to take discovery from McDermott International Ltd., described as “a global engineering and construction company”, for use “in restructuring proceedings recently commenced in the Netherlands and England by two of
McDermott’s principal subsidiaries”, filed at the U.S. District Court for the Southern District of Texas.
HoloSurgical Technology Polska Sp. z.o.o.: Chapter 15 Petition (Poland)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Poland by Chris Thunander, as the Foreign Representative of HoloSurgical Technology Polska Sp. z.o.o., which “was founded to develop surgical navigation applications for spinal surgery that included AR and AI technologies”, filed at the U.S. Bankruptcy Court for the Southern District of Texas.
USA v. Samvel Grigoryan et al: Criminal Indictment (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
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Criminal Indictment alleging conspiracy to operate an unlicensed money transmitting business based on crypto in USA v. Samvel Grigoryan and Hayk Martirosyan, both citizens of Armenia, at the U.S. District Court for the Central District of California.
Kirill Medvedev v. Binance Holdings Ltd. et al: Complaint (‘Crypto Account Freeze’)
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Complaint alleging conversion and unjust enrichment regarding the freezing of an account due to a criminal investigation in Spain concerning “a failed Initial Coin Offering launched by Nimbus Platform” in Kirill Medvedev, of Miami, Florida, USA v. Binance Holdings Limited, of the Cayman Islands, and BAM Trading Services Inc., described as a Delaware company based in Miami, Florida, USA, at the U.S. District Court for the Eastern District of New York.
507 Summit LLC et al v. Alex Nanyan Zheng: Discovery Application (Cayman Islands)
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Application by 507 Summit LLC, Oasis Focus Fund LP, and Quadre Investments, L.P. to take discovery from Alex Nanyan Zheng for use in an “appraisal proceeding” in the Cayman Islands “in relation to the leveraged take-private merger of 51job, Inc.”, filed at the U.S. District Court for the District of Arizona.
Zheng Jin et al v. Seattle Family Regional Center: Discovery Application (China)
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Application by Zheng Jin and Suhao Zhang to take discovery from Seattle Family Regional Center for use in legal proceedings in China “against Shanghai Entry Exit Service Center Co., Ltd.” regarding “an immigration agency’s breach of contract with the Applicants in connection with the placement of a real estate investment intended to provide benefits under the EB-5 Immigration Investment Visa Program”, filed at the U.S. District Court for the Western District of Washington.
Labuan FSA: Business Restrictions (August 25, 2023)
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Public Notice by the Labuan Financial Services Authority regarding business restrictions on 21 “Labuan Licensed Entities”.
The Oxbridge Group Ltd. v. 777 Partners LLC: Complaint (‘$94K Breach of Contract’)
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Complaint alleging the defendant “has brazenly refused to pay the outstanding balance of $94,000” under a contract to “provide certain talent placement services in exchange for certain fees” in The Oxbridge Group Ltd. v. 777 Partners LLC at the Supreme Court of the State of New York, County of New York.
Joel Meyer et al v. Steven Lacaj: Default Certificate (‘Securities Fraud’)
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Clerk’s Certificate of Default in Joel Meyer, Barnard Bruce, Gary Casemore, Jason Eisenbeis, David Falk, James Palko, James Raymond Smith II, Miguel Tavarez, and William Townley v. Steven Lacaj at the U.S. District Court for the Southern District of New York.
American Express Travel Related Services Company Inc. v. 777 Partners LLC: Complaint (‘$324K Credit Card Debt’)
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Complaint in American Express Travel Related Services Company Inc. v. 777 Partners LLC at the Supreme Court of the State of New York, County of New York.
MALT Family Trust et al v. 777 Partners LLC et al: Amended Complaint (‘Membership Interests Fraud’)
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Amended Complaint alleging “scheme by the Individual Defendants to defraud the Plaintiffs and to use corporate entities they control to deprive the Plaintiffs of the proper value of their membership interests in Phoenicia” in MALT Family Trust and Timothy James O’Neil-Dunne v. 777 Partners LLC, Phoenicia LLC, Steven W. Pasko, Joshua Wander, and Adam Weiss at the Court of Chancery of the State of Delaware.
Katey Huntley et al v. 777 Partners LLC et al: Class Action Complaint (‘Usurious Consumer Loans’)
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Class Action Complaint alleging the defendants “have all engaged in a criminal conspiracy wherein they have acted in concert with one another to issue unlawful and usurious short-term unsecured consumer loans at interest rates in excess of their legal limit, and systematically withdraw payments from consumers’ bank accounts without permission to do so” in Katey Huntley and Gary Jackson v. Rosebud Economic Development Corporation, Rosebud Lending LZO, d.b.a. ZocaLoans; FinTech Financial LLC, Tactical Marketing Partners LLC, and 777 Partners LLC at the U.S. District Court for the Southern District of California.
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Recent:
N13J Ltd. v. M/Y Pure Romance: Complaint (‘$266K Yacht Collision Damages’)
507 Summit LLC et al v. James Liang: Discovery Application (Cayman Islands)
FTX Trading Ltd. et al v. Michael Burgess et al: Complaint (‘$157M Transfers’)
USA v. 5,012,294.90 in TetherUS et al: Forfeiture Complaint (‘Investment Fraud Crypto Laundering’)
Shop Your Own Mortgage et al: Chapter 15 Petition (Canada)
SEC v. Aras Investment Business Group S.A.P.I. de C.V. et al: Complaint (‘$6M Fraud’)
Bernard L. Madoff Investment Securities LLC et al v. Russell Oasis: Complaint (‘$12.8M Transfers’)
Frasers Group Plc v. James Gorman: Discovery Application (England)
USA v. $187K: Forfeiture Complaint (‘Crypto Laundering’)
USA v. $161K: Forfeiture Complaint (‘Crypto & Other Fraud’)
Bellrose Marketing Ltd. v. H2O Cruises LLC et al: Complaint (‘Fraudulent Inducement’)
U.S.-Russian fund manager Peter Kambolin charged with fraud involving crypto & FX funds
USA v. Peter Kambolin: Criminal Information (‘Crypto & FX Fraud’)
Woodstock Capital International Ltd.: Directors (Cayman Islands)
SEC v. William Miller: Complaint (‘$10M Securities Fraud’)
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The post OFAC designates Sudanese actors for undermining peace appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – September 29, 2023
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Friday, September 29, 2023
Joshua Kalkbrenner v. Blue Trust Loans et al: Class Action Complaint (‘Indian Tribe Predatory Loans’)
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Class Action Complaint in Joshua Kalkbrenner v. Hummingbird Funds LLC, d.b.a. Blue Trust Loans; David Johnson, Kirk Michael Chewning, Cane Bay Partners VI, LLLP, of the U.S. Virgin Islands; Dimension Credit (Cayman), L.P., of the Cayman Islands; Strategic Link Consulting, LP, Esoteric Ventures, LLC, InfoTel International Ltd., M. Mark High, Ltd., of Belize; Kim Anderson, Jay Clark, and LaCourte Oreilles Financial Services II, LLC at the U.S. District Court for the Northern District of Illinois.
Eric O’Neill et al v. Coinbase Global Inc. et al: Complaint (‘Wrongful Conduct’)
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Stockholder Derivative Complaint alleging breach of fiduciary duty, waste of corporate assets, and unjust enrichment in Eric O’Neill and Patrick O’Neill, derivatively and on behalf of nominal defendant Coinbase Global Inc. v. Frederick Ernest Ehrsam II, Tobias Lütke, Fred Wilson, Brian Armstrong, Marc L. Andreesen, Kathryn Haun, Kelly A. Kramer, Gokul Rajaram, Alesia J. Haas, and Jennifer N. Jones, as Defendants, and Coinbase Global Inc., as Nominal Defendant, at the Court of Chancery of the State of Delaware.
Khaled Elsisi et al v. CFT Solutions LLC et al: Complaint (‘$1.4M Forex Fraud’)
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Complaint alleging “a scheme that defrauded Plaintiffs out of a total of over $1.4 Million” in Khaled Elsisi, Najy Kanan, Ahmed Khder, Asher Bomani Lewis, Ricardo Marquez, Christine Linda Masters, of Australia; Luis Pinos, Gabriela Janeta Roman, Barry Rosner, Ahmed Sharafeldin, Stuart Wayne Springfield, Christopher Emanuel Szabo, Linwood Walker, and Robert Yeng v. CFT Solutions, LLC, Renan de Rocha Gomes Bastos, Yvenson Israel, Arthur Percy, Chuck Marshall, Divine-Seven EL, Michael Jex and Elido Santana at the U.S. District Court for the District of New Jersey.
AiShang You Ltd. et al v. Biuming Guo et al: Complaint
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Complaint in AiShang You Limited, of the British Virgin Islands; Dada Business Trading Co. Limited, of Hong Kong; Dongping Liu, Fengzhen Ai, Min Li, Peifeng Yu, Pijun Liu, all of China; Wenwen Yu, of Florida, USA, and Yanqin Chen, of China, derivatively and on behalf of WeTrade Group Inc., of Wyoming, USA v. Biuming Guo, Grace Li, Ning Qin, Yuxing Ye, Hechun Wei, Kean Tat Che, and Annie Huang, all of China, as Defendants, and Globex Transfer LLC, of Florida, USA, as Nominal Defendant, at the U.S. District Court for the District of Wyoming.
Chryskylodon LLC v. Markus Schneider et al: $475K Judgment (‘Crypto Fraud’)
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Judgment for $475,282 regarding an alleged crypto mining-based investment fraud in Chryskylodon LLC, of Wyoming v. Markus Schneider, Arastra AG, of Switzerland; PetaWatt Holdings Inc., of Wyoming, USA, and Swiss Picturebank (Group) AG, of Switzerland, at the Supreme Court of the State of New York, County of New York.
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Recent:
Labuan FSA: Business Restrictions (August 25, 2023)
USA v. Samvel Grigoryan et al: Criminal Indictment (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
Kore Fund Ltd.: Directors (Cayman Islands)
181 Harbour Mezz LLC v. Kore Fund Ltd.: Notice of Removal (‘Vulture Fund’)
Labuan FSA: Enforcement Actions (December 2015 to September 2023)
VPC Impact Acquisition Holdings II: Chapter 15 Petition (Cayman Islands)
New York AG v. Donald Trump et al: Plaintiff’s ‘Facts To Be Proven At Trial’ (‘Accounting Fraud’)
New York AG v. Donald Trump et al: Decision & Order on Motions (‘Accounting Fraud’)
Jason Blain: Chapter 15 Petition (Scotland)
Joel Meyer et al v. Steven Lacaj: Default Certificate (‘Securities Fraud’)
Lorne Tritt et al v. 3Commas Technologies OÜ: Class Action Complaint (‘Crypto Data Breach’)
USA v. 303,992.547 USDT et al: Forfeiture Complaint (‘Crypto Fraud & Laundering’)
LITASCO SA v. The Clearing House Payments Company LLC et al: Discovery Application (England)
HoloSurgical Technology Polska Sp. z.o.o.: Chapter 15 Petition (Poland)
Refinería de Cartagena S.A.S. v. McDermott International Ltd.: Discovery Application (England & Netherlands)
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The post UK designates Russian officials involved in Ukraine sham elections appeared first on EU Sanctions.
]]>The post UK amends sanctions listings (Russia and counter-terrorism) appeared first on EU Sanctions.
]]>The post Russia bans entry to 23 British individuals appeared first on EU Sanctions.
]]>The post OFAC transnational procurement network for Iran’s UAV programme appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – September 28, 2023
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Red Flags Delivered To Your Inbox<!–
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Thursday, September 28, 2023
Kore Fund Ltd.: Directors (Cayman Islands)
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Director Details for Kore Fund Ltd., obtained from the Cayman Islands General Registry.
Labuan FSA: Enforcement Actions (December 2015 to September 2023)
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Public Notice by the Labuan Financial Services Authority regarding “enforcement actions” it has taken against “Labuan Licensed Entities from December 2015 to September 2023”.
VPC Impact Acquisition Holdings II: Chapter 15 Petition (Cayman Islands)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Alexander Lawson and Christopher Kennedy, of Alvarez & Marsal, as the Foreign Representatives of VPC Impact Acquisition Holdings II, filed at the U.S. Bankruptcy Court for the Southern District of New York.
181 Harbour Mezz LLC v. Kore Fund Ltd.: Notice of Removal (‘Vulture Fund’)
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Notice of Removal, including a copy of the complaint alleging “an attempt by a vulture fund, Mezz Lender, to fabricate an event of default and seize Mezz Borrower’s very valuable equity”, in 181 Harbor Mezz LLC v. Kore Fund Ltd., of the Cayman Islands, at the U.S. District Court for the Southern District of New York.
USA v. Samvel Grigoryan et al: Criminal Indictment (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
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Criminal Indictment alleging conspiracy to operate an unlicensed money transmitting business based on crypto in USA v. Samvel Grigoryan and Hayk Martirosyan, both citizens of Armenia, at the U.S. District Court for the Central District of California.
Labuan FSA: Business Restrictions (August 25, 2023)
Read on OffshoreAlert / Share on Twitter
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 21 “Labuan Licensed Entities”.
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Recent:
New York AG v. Donald Trump et al: Plaintiff’s ‘Facts To Be Proven At Trial’ (‘Accounting Fraud’)
New York AG v. Donald Trump et al: Decision & Order on Motions (‘Accounting Fraud’)
Jason Blain: Chapter 15 Petition (Scotland)
Joel Meyer et al v. Steven Lacaj: Default Certificate (‘Securities Fraud’)
Lorne Tritt et al v. 3Commas Technologies OÜ: Class Action Complaint (‘Crypto Data Breach’)
USA v. 303,992.547 USDT et al: Forfeiture Complaint (‘Crypto Fraud & Laundering’)
LITASCO SA v. The Clearing House Payments Company LLC et al: Discovery Application (England)
HoloSurgical Technology Polska Sp. z.o.o.: Chapter 15 Petition (Poland)
Refinería de Cartagena S.A.S. v. McDermott International Ltd.: Discovery Application (England & Netherlands)
ProInvest Equity AG: Public Warning (Switzerland)
USA v. 0.40401694 Bitcoin et al: Forfeiture Complaint (‘Crypto Fraud & Laundering’)
Katey Huntley et al v. 777 Partners LLC et al: Class Action Complaint (‘Usurious Consumer Loans’)
MALT Family Trust et al v. 777 Partners LLC et al: Amended Complaint (‘Membership Interests Fraud’)
American Express Travel Related Services Company Inc. v. 777 Partners LLC: Complaint (‘$324K Credit Card Debt’)
The Oxbridge Group Ltd. v. 777 Partners LLC: Complaint (‘$94K Breach of Contract’)
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The post FATF report on Luxembourg AML/CFT and sanctions measures appeared first on EU Sanctions.
]]>Businesses holding the status of an “obliged entity” under Polish AML legislation must take into account a new list of financial sanctions released on 26 September 2023.
With respect to sanctions that must be complied with by all persons subject to the Polish jurisdiction, two regimes apply:
As of 28 September 2023, the Polish list of designated parties consists of 424 individuals and 63 entities. Entities owned or controlled by the designated parties are also subject to measures. Designation decisions are made by the Minister of Internal Affairs and Administration (MSWiA).
Polish legislation related to combatting money laundering and terrorist financing imposes the requirement for “obliged entities” to apply restrictive measures to persons designated on the list maintained by the General Inspector of Financial Information (GIIF), i.e., Poland’s financial investigation authority. Also, in this respect, these sanctions are based on two regimes:
GIIF had not independently designated any person until 26 September 2023, when the first two designations appeared. According to an explanation issued by GIIF, the designations were made at the request of the Embassy of the United States based on the UN Security Council Resolution 1373.
“Obliged entities” have been broadly defined in Polish AML legislation, and include, among others: banks, investment firms, stock exchanges, investment funds, insurers, insurance brokers, virtual currency operators, notaries, lawyers, tax advisors, accountants, corporate service providers, real estate brokers, businesses involved in certain non-wire cash transactions, and art dealers.
Given the complexity of Polish sanctions legislation, we recommend internal verification whether the sanctions databases currently used take into account the local Polish sanctions whenever Poland is involved.
Potential loopholes may relate to sanctions databases that do not include these specific Polish sanctions lists or database settings resulting in Polish national sanctions not being flagged.
We also note that Poland is a strong business services center for key global players. Transactions processed in Poland may fall under the local sanctions jurisdiction even if no other nexus to Poland exists.
The post New financial sanctions list goes live in Poland appeared first on Sanctions & Export Controls Update.
The post EU and UK Russia-connected iron and steel ban coming into force appeared first on EU Sanctions.
]]>The post US DHS designates Xinjiang companies appeared first on EU Sanctions.
]]>The post E5 issues joint guidance on countering Russia evasion of export controls appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – September 27, 2023
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Red Flags Delivered To Your Inbox<!–
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Wednesday, September 27, 2023
New York AG v. Donald Trump et al: Plaintiff’s ‘Facts To Be Proven At Trial’ (‘Accounting Fraud’)
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Plaintiff’s ‘Facts To Be Proven At Trial’ in People of the State of New York v. Donald J. Trump, Donald Trump Jr., Eric Trump, Allen Weisselberg, Jeffrey McConney, The Donald J. Trump Organization Inc., Trump Organization LLC, DJT Holdings LLC, DJT Holdings Managing Member, Trump Endeavor 12 LLC, 401 North Wabash Venture LLC, Trump Old Post Office LLC, 40 Wall Street LLC, and Seven Springs LLC at the Supreme Court of the State of New York, County of New York.
USA v. 0.40401694 Bitcoin et al: Forfeiture Complaint (‘Crypto Fraud & Laundering’)
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Forfeiture Complaint regarding the alleged proceeds of fraud that were seized from accounts at Cayman Islands-domiciled Binance Holdings Ltd. in the names of Martins Eromosele Iyere, Olawumi Stephen Adewale, and Moses Olumide Sokale in USA v. 0.40401694 Bitcoin, 59,911.36 Tether, 9,128.847 Tether, 1,346.37 Decentraland, 1,039.6163 Curvedao, 14,690.894 Zillqa, 5.5550225 Avalanche, and 14,534,916 Shiba Inu at the U.S. District Court for the Eastern District of Tennessee.
New York AG v. Donald Trump et al: Decision & Order on Motions (‘Accounting Fraud’)
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Decision and order on motions, including granting, in part, plaintiff’s motions for summary judgment and sanctions against defendant’s attorneys, in People of the State of New York v. Donald J. Trump, Donald Trump Jr., Eric Trump, Allen Weisselberg, Jeffrey McConney, The Donald J. Trump Organization Inc., Trump Organization LLC, DJT Holdings LLC, DJT Holdings Managing Member, Trump Endeavor 12 LLC, 401 North Wabash Venture LLC, Trump Old Post Office LLC, 40 Wall Street LLC, and Seven Springs LLC at the Supreme Court of the State of New York, County of New York.
USA v. 303,992.547 USDT et al: Forfeiture Complaint (‘Crypto Fraud & Laundering’)
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Forfeiture Complaint regarding the alleged proceeds of fraud that were seized from accounts at Cayman Islands-domiciled crypto exchange Binance in USA v. 303,992.547 USDT, 100.896 BNB, and 108,551.008 USDT at the U.S. District Court for the District of Massachusetts.
Jason Blain: Chapter 15 Petition (Scotland)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Scotland by James B. Stephen, of BDO, in Glasgow, Scotland, as the Foreign Representative of Jason Hector Blain, a former executive with the British Broadcasting Corporation (BBC), filed at the U.S. Bankruptcy Court for the Northern District of Texas.
Lorne Tritt et al v. 3Commas Technologies OÜ: Class Action Complaint (‘Crypto Data Breach’)
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Class Action Complaint “by Plaintiffs on behalf of themselves and the thousands of similarly situated persons whose cryptocurrency account trading credentials were acquired and/or accessed by unauthorized persons in a data breach (or data breaches) that 3Commas admitted on December 28, 2022” in Lorne Tritt, Bruce Johnson, and Joseph Fishman v. 3Commas Technologies OÜ, described as an Estonia company that “claims to be the largest crypto trading bot platform”, at the U.S. District Court for the Northern District of California.
LITASCO SA v. The Clearing House Payments Company LLC et al: Discovery Application (England)
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Application by LITASCO S.A. to take discovery from The Clearing House Payments Company LLC, Citibank N.A.; Deutsche Bank Trust Company Americas; Standard Chartered Bank; HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., The Bank of New York Mellon, Wells Fargo Bank N.A., Barclays Bank PLC, United Bank for Africa, America, Société Générale North America, SG Americas Securities Holdings, LLC, and BNP Paribas USA, Inc. for legal proceedings in England “against Der Mond Oil and Gas Africa SA and Locafrique Holding SA”, filed at the U.S. District Court for the Southern District of New York.
ProInvest Equity AG: Public Warning (Switzerland)
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Public Warning by the Swiss Financial Market Supervisory Authority that ProInvest Equity AG is “suspected of conducting unauthorised activities in the financial market”.
Refinería de Cartagena S.A.S. v. McDermott International Ltd.: Discovery Application (England & Netherlands)
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Application by Refinería de Cartagena S.A.S., of Colombia, to take discovery from McDermott International Ltd., described as “a global engineering and construction company”, for use “in restructuring proceedings recently commenced in the Netherlands and England by two of
McDermott’s principal subsidiaries”, filed at the U.S. District Court for the Southern District of Texas.
HoloSurgical Technology Polska Sp. z.o.o.: Chapter 15 Petition (Poland)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Poland by Chris Thunander, as the Foreign Representative of HoloSurgical Technology Polska Sp. z.o.o., which “was founded to develop surgical navigation applications for spinal surgery that included AR and AI technologies”, filed at the U.S. Bankruptcy Court for the Southern District of Texas.
Joel Meyer et al v. Steven Lacaj: Default Certificate (‘Securities Fraud’)
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Clerk’s Certificate of Default in Joel Meyer, Barnard Bruce, Gary Casemore, Jason Eisenbeis, David Falk, James Palko, James Raymond Smith II, Miguel Tavarez, and William Townley v. Steven Lacaj at the U.S. District Court for the Southern District of New York.
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Recent:
Katey Huntley et al v. 777 Partners LLC et al: Class Action Complaint (‘Usurious Consumer Loans’)
MALT Family Trust et al v. 777 Partners LLC et al: Amended Complaint (‘Membership Interests Fraud’)
American Express Travel Related Services Company Inc. v. 777 Partners LLC: Complaint (‘$324K Credit Card Debt’)
The Oxbridge Group Ltd. v. 777 Partners LLC: Complaint (‘$94K Breach of Contract’)
SEC v. Vista Financial Advisors LLC et al: Complaint (‘Ownership Disclosure Misrepresentation’)
507 Summit LLC et al v. Alex Nanyan Zheng: Discovery Application (Cayman Islands)
Zheng Jin et al v. Seattle Family Regional Center: Discovery Application (China)
Kirill Medvedev v. Binance Holdings Ltd. et al: Complaint (‘Crypto Account Freeze’)
USA v. Virtual Currency: Forfeiture Complaint (‘$170K Crypto Customer Service Fraud’)
Maxwell Roux et al v. Krishna Okhandiar et al: Complaint (‘NFT Cult-Leader’s $600K Fraud’)
Xcoal Energy & Resources v. Acciaierie d’Italia SpA: Complaint (‘Maritime Attachment & Garnishment’)
Panama: Imtiaz Ismail Dasoo Dasoo (‘Fraud’)
Panama: JPMorgan Chase (‘$938K Fraud’)
N13J Ltd. v. M/Y Pure Romance: Complaint (‘$266K Yacht Collision Damages’)
507 Summit LLC et al v. James Liang: Discovery Application (Cayman Islands)
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OffshoreAlert London: Dec 4-5
Early Bird: $1,195.00
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The JCPOA was agreed in 2015 between the E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, with the EU’s High Representative for Foreign Affairs and Security Policy) and Iran. Under the terms of the JCPOA, a range of sanctions against Iran were initially scheduled to be lifted on 18October 2023 as part of a sunset clause, focusing on nuclear proliferation-related measures, and also arms and missile embargoes.
The statement from the E3 notes that the decision follows attempts “to resolve Iran’s non-compliance through the JCPoA’s Dispute Resolution Mechanism“, which was triggered in January 2020. The statement also notes that Iran “has refused opportunities to return to the JCPoA twice and has continued to expand its programme beyond JCPoA limitations and without any credible civilian justification“, with its enriched uranium stockpile now standing at more than 18 times the amount permitted under the JCPOA.
A recent EU press release following a meeting between EU High Representative/Vice President Josep Borrell and Iran’s Foreign Minister (available here) notes the “importance of following a path of de-escalation” regarding the JCPOA, and notes the High Representative’s “conviction on the need to find a diplomatic solution to the Iran nuclear issue in the framework of the JCPOA“.
Recently, a joint statement by 63 countries via the International Atomic Energy Agency (“IAEA“) expressed the “urgent need for Iran to clarify and resolve issues in a manner satisfactory to the IAEA“.
The post The UK, France and Germany announce continuation of Iranian nuclear-related sanctions appeared first on Sanctions & Export Controls Update.
The post OFAC designates Sinaloa Cartel associates appeared first on EU Sanctions.
]]>During September 2023, the US, UK, and EU, and Japan, updated their Common High Priority Items Lists (“the List(s)“), with seven new Harmonized System (“HS“) codes. These coordinated Lists are composed of items identified as critical to Russia’s war effort, weapons systems and military development. The Lists highlight to businesses that there is a particularly high risk these sanctioned items may be the target of sanctions circumvention and possible diversion to Russia. Companies can expect that the items on the Lists will be an enforcement priority in these jurisdictions.
Listed products include electronic components, such as integrated circuits and radio frequency transceiver modules, and items that are essential for the manufacturing and testing of the electronic components and circuits. Companies that sell and ship the Listed products should be on high alert for possible red flags indicating that the items could be diverted to Russia.
Updated Lists
Seven new HS codes have been added to the Lists, including bearings needed for heavy vehicles or other machinery and antennae used for navigation systems. Additionally, Tier 3 has been subdivided into Tier 3A (other electrical components) and Tier 3B (mechanical components). Subsequently, the Lists are now divided into four tiers ranked according to their relative degree of criticality. Tier 1 (integrated circuits) and Tier 2 (electronic components) contain particularly sensitive items of the highest concern for Russian weapons systems. Tier 3 is divided between electrical (Tier 3A) and mechanical (Tier 3B) components, and Tier 4 pertains to manufacturing, production and quality testing equipment.
On 19 September 2023, the US Department of Commerce’s Bureau of Industry and Security (“BIS“) announced an updated List following meetings with key members of the Global Export Control Coalition (see here).
On 14 September 2023, the UK’s Foreign, Commonwealth & Development Office (“FCDO“) added these seven new HS product codes to the List (see here).
In September 2023, the EU released an updated version of its List of High Priority Battlefield Items (see here).
Japan’s existing list of products that are subject to an export ban to Russia can be found at pages 7 to 20 here.
The post Sanctions Enforcement Around the World: US, UK, EU, and Japan Coordinate on Updated Common High-Priority Items Lists appeared first on Sanctions & Export Controls Update.
Entry into office of two new Members of the General Court of the European Union
]]>OffshoreAlert Daily Digest – September 26, 2023
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Tuesday, September 26, 2023
SEC v. Vista Financial Advisors LLC et al: Complaint (‘Ownership Disclosure Misrepresentation’)
Read on OffshoreAlert / Share on Twitter
Complaint alleging misrepresentation of ownership involving, inter alia, “a Swedish trust” in U.S. Securities and Exchange Commission v. Vista Financial Advisors LLC and Ruben Cedrick Williams at the U.S. District Court for the Southern District of New York.
507 Summit LLC et al v. Alex Nanyan Zheng: Discovery Application (Cayman Islands)
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Application by 507 Summit LLC, Oasis Focus Fund LP, and Quadre Investments, L.P. to take discovery from Alex Nanyan Zheng for use in an “appraisal proceeding” in the Cayman Islands “in relation to the leveraged take-private merger of 51job, Inc.”, filed at the U.S. District Court for the District of Arizona.
The Oxbridge Group Ltd. v. 777 Partners LLC: Complaint (‘$94K Breach of Contract’)
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Complaint alleging the defendant “has brazenly refused to pay the outstanding balance of $94,000” under a contract to “provide certain talent placement services in exchange for certain fees” in The Oxbridge Group Ltd. v. 777 Partners LLC at the Supreme Court of the State of New York, County of New York.
American Express Travel Related Services Company Inc. v. 777 Partners LLC: Complaint (‘$324K Credit Card Debt’)
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Complaint in American Express Travel Related Services Company Inc. v. 777 Partners LLC at the Supreme Court of the State of New York, County of New York.
MALT Family Trust et al v. 777 Partners LLC et al: Amended Complaint (‘Membership Interests Fraud’)
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Amended Complaint alleging “scheme by the Individual Defendants to defraud the Plaintiffs and to use corporate entities they control to deprive the Plaintiffs of the proper value of their membership interests in Phoenicia” in MALT Family Trust and Timothy James O’Neil-Dunne v. 777 Partners LLC, Phoenicia LLC, Steven W. Pasko, Joshua Wander, and Adam Weiss at the Court of Chancery of the State of Delaware.
Katey Huntley et al v. 777 Partners LLC et al: Class Action Complaint (‘Usurious Consumer Loans’)
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Class Action Complaint alleging the defendants “have all engaged in a criminal conspiracy wherein they have acted in concert with one another to issue unlawful and usurious short-term unsecured consumer loans at interest rates in excess of their legal limit, and systematically withdraw payments from consumers’ bank accounts without permission to do so” in Rosebud Economic Development Corporation, Rosebud Lending LZO, d.b.a. ZocaLoans; FinTech Financial LLC, Tactical Marketing Partners LLC, and 777 Partners LLC at the U.S. District Court for the Southern District of California.
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Recent:
Zheng Jin et al v. Seattle Family Regional Center: Discovery Application (China)
Kirill Medvedev v. Binance Holdings Ltd. et al: Complaint (‘Crypto Account Freeze’)
USA v. Virtual Currency: Forfeiture Complaint (‘$170K Crypto Customer Service Fraud’)
Maxwell Roux et al v. Krishna Okhandiar et al: Complaint (‘NFT Cult-Leader’s $600K Fraud’)
Xcoal Energy & Resources v. Acciaierie d’Italia SpA: Complaint (‘Maritime Attachment & Garnishment’)
Panama: Imtiaz Ismail Dasoo Dasoo (‘Fraud’)
Panama: JPMorgan Chase (‘$938K Fraud’)
N13J Ltd. v. M/Y Pure Romance: Complaint (‘$266K Yacht Collision Damages’)
507 Summit LLC et al v. James Liang: Discovery Application (Cayman Islands)
FTX Trading Ltd. et al v. Michael Burgess et al: Complaint (‘$157M Transfers’)
USA v. 5,012,294.90 in TetherUS et al: Forfeiture Complaint (‘Investment Fraud Crypto Laundering’)
Shop Your Own Mortgage et al: Chapter 15 Petition (Canada)
SEC v. Aras Investment Business Group S.A.P.I. de C.V. et al: Complaint (‘$6M Fraud’)
Bernard L. Madoff Investment Securities LLC et al v. Russell Oasis: Complaint (‘$12.8M Transfers’)
Frasers Group Plc v. James Gorman: Discovery Application (England)
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]]>
The listings will come into force tomorrow when they are published in the Federal Register.
The post BIS adds 28 entities to Entity List appeared first on EU Sanctions.
]]>BIS has renewed the TDOs for 3 Russian airline companies:
The post US designations updates (Russia, Burma, counter-narcotics) appeared first on EU Sanctions.
OffshoreAlert Daily Digest – September 25, 2023
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Monday, September 25, 2023
Kirill Medvedev v. Binance Holdings Ltd. et al: Complaint (‘Crypto Account Freeze’)
Read on OffshoreAlert / Share on Twitter
Complaint alleging conversion and unjust enrichment regarding the freezing of an account due to a criminal investigation in Spain concerning “a failed Initial Coin Offering launched by Nimbus Platform” in Kirill Medvedev, of Miami, Florida, USA v. Binance Holdings Limited, of the Cayman Islands, and BAM Trading Services Inc., described as a Delaware company based in Miami, Florida, USA, at the U.S. District Court for the Eastern District of New York.
Panama: Imtiaz Ismail Dasoo Dasoo (‘Fraud’)
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Application for the appointment of a Commissioner to collect evidence from Allianz Global Assistance – pursuant to a request for judicial assistance from Panama – for a criminal investigation into Imtiaz Ismail Dasoo Dasoo for suspected fraud.
Panama: JPMorgan Chase (‘$938K Fraud’)
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Application for the appointment of a Commissioner to collect evidence from JPMorgan Chase – pursuant to a request for judicial assistance from Panama – for a criminal investigation into “unknown subjects for fraud, data interception, and aggravated fraud against information systems”.
USA v. Virtual Currency: Forfeiture Complaint (‘$170K Crypto Customer Service Fraud’)
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Forfeiture Complaint regarding the alleged proceeds of a $170,000 crypto scam against an “84-year-old victim” in USA v. Virtual Currency Seized from Binance User ID 178147165, at the U.S. District Court for the Southern District of Iowa.
Maxwell Roux et al v. Krishna Okhandiar et al: Complaint (‘NFT Cult-Leader’s $600K Fraud’)
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Complaint in Maxwell Roux, John Duff III, Henry Smith, of New Zealand, and Bruno Nispel v. Krishna Okhandiar, a.k.a. Rohit Okhandiar, Charlotte Fang, Charlie Fang, Wonyoung Jang, Miya, Xinma33, MissJo, and Sonya; Remilia Corporation LLC, and Remilia Industries LLC at the Court of Chancery of the State of Delaware.
Xcoal Energy & Resources v. Acciaierie d’Italia SpA: Complaint (‘Maritime Attachment & Garnishment’)
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Xcoal Energy & Resources v. Acciaierie d’Italia SpA, of Italy, at the U.S. District Court for the Southern District of Alabama.
Zheng Jin et al v. Seattle Family Regional Center: Discovery Application (China)
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Application by Zheng Jin and Suhao Zhang to take discovery from Seattle Family Regional Center for use in legal proceedings in China “against Shanghai Entry Exit Service Center Co., Ltd.” regarding “an immigration agency’s breach of contract with the Applicants in connection with the placement of a real estate investment intended to provide benefits under the EB-5 Immigration Investment Visa Program”, filed at the U.S. District Court for the Western District of Washington.
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Recent:
N13J Ltd. v. M/Y Pure Romance: Complaint (‘$266K Yacht Collision Damages’)
507 Summit LLC et al v. James Liang: Discovery Application (Cayman Islands)
FTX Trading Ltd. et al v. Michael Burgess et al: Complaint (‘$157M Transfers’)
USA v. 5,012,294.90 in TetherUS et al: Forfeiture Complaint (‘Investment Fraud Crypto Laundering’)
Shop Your Own Mortgage et al: Chapter 15 Petition (Canada)
SEC v. Aras Investment Business Group S.A.P.I. de C.V. et al: Complaint (‘$6M Fraud’)
Bernard L. Madoff Investment Securities LLC et al v. Russell Oasis: Complaint (‘$12.8M Transfers’)
Frasers Group Plc v. James Gorman: Discovery Application (England)
USA v. $187K: Forfeiture Complaint (‘Crypto Laundering’)
USA v. $161K: Forfeiture Complaint (‘Crypto & Other Fraud’)
Bellrose Marketing Ltd. v. H2O Cruises LLC et al: Complaint (‘Fraudulent Inducement’)
U.S.-Russian fund manager Peter Kambolin charged with fraud involving crypto & FX funds
USA v. Peter Kambolin: Criminal Information (‘Crypto & FX Fraud’)
Woodstock Capital International Ltd.: Directors (Cayman Islands)
SEC v. William Miller: Complaint (‘$10M Securities Fraud’)
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]]>
There are now twenty-eight individuals listed under the Schedule of the Regulations. All of the newly listed individuals are members of the economic elite who Canada believes are fuelling the violence and instability in Haiti.
The Schedule of the Regulations imposes a dealings prohibition against the individuals listed, effectively freezing any assets they hold in Canada. Individuals listed are also rendered inadmissible to Canada under the Immigration and Refugee Protection Act. For more information on the dealings prohibition, read our previous blog posts on Canada’s March 2023 Haiti sanctions here and June 2023 sanctions here.
Businesses should continually assess their sanctions compliance in this shifting legal landscape. Regulations enacted under the Special Economic Measures Act obligate persons in Canada and Canadian citizens to disclose certain property held by listed persons under the Schedule and any related transactional information to the RCMP. Additionally, certain entities have a continuing duty to determine and disclose certain property held by listed persons.
An unofficial copy of the legislative amendments to the Special Economic Measures (Haiti) Regulations that came into effect on September 20, 2023 are available here.
The post Canada Imposes Additional Sanctions Against Haitian Elites: 3 Individuals Targeted appeared first on Sanctions & Export Controls Update.
The post Canada designates Russian individuals and entities appeared first on EU Sanctions.
]]>OffshoreAlert Weekly Digest – September 23, 2023
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Saturday, September 23, 2023
U.S.-Russian fund manager Peter Kambolin charged with fraud involving crypto & FX funds
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Florida-based U.S.-Russian investment manager Peter Kambolin has been criminally charged with conspiracy to commit commodities fraud at federal court in Miami involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA.
N13J Ltd. v. M/Y Pure Romance: Complaint (‘$266K Yacht Collision Damages’)
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Complaint in N13J Ltd., of the Cayman Islands, described as “owner of the S/Y KAIZEN, a 44 Meter Alloy Yachts International Sailing Yacht” v. M/Y Pure Romance, described as “a 2007 110′ Lazzara Motor Yacht” that is “flagged” in Jamaica, at the U.S. District Court for the Southern District of Florida.
SEC v. Aras Investment Business Group S.A.P.I. de C.V. et al: Complaint (‘$6M Fraud’)
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Complaint alleging “a multi-million-dollar Ponzi scheme, affinity fraud, and unregistered offering of securities” in U.S. Securities and Exchange Commission v. Aras Investment Business Group S.A.P.I. de C.V., of Chihuahua, Mexico; Armando Gutierrez Rosas, Maria de Lourdes Tolentino Roque, Diayanira Rendon Trejo, Efren Norberto Quiroz Gardea, and Luis Ricardo Quiroz Gardea, all citizens of Mexico, at the U.S. District Court for the Western District of Texas.
507 Summit LLC et al v. James Liang: Discovery Application (Cayman Islands)
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Application by 507 Summit LLC, Oasis Focus Fund, and Quadre Investments L.P. to take discovery from James Jianzhang Liang for use in “appraisal proceedings pending before the Grand Court of the Cayman Islands in relation to the leveraged take-private merger of 51job, Inc.”, described as “a leading provider of human resources services in the People’s Republic of China”, filed at the U.S. District Court for the Northern District of California.
FTX Trading Ltd. et al v. Michael Burgess et al: Complaint (‘$157M Transfers’)
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Complaint in FTX Trading Ltd., of Antigua and Barbuda, and West Realm Shires Services Inc., of Delaware v. Michael Burgess, Huy Xuan ‘Kevin’ Nguyen, Jing Yu ‘Darren’ Wong, Matthew Burgess, Lesley Burgess, described as “former employees of Salameda Ltd.”; 3Twelve Ventures Ltd., of the British Virgin Islands, and BDK Consulting Ltd., of Hong Kong, at the U.S. District Court for the District of Delaware
Frasers Group Plc v. James Gorman: Discovery Application (England)
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Application by Frasers Group Plc, described as “a British retailer group listed on the FTSE-100 (but majority owned by its founder, Mike Ashley)”, to take discovery from James Patrick Gorman, described as “Chairman and CEO of Morgan Stanley”, for use in legal proceedings in England regarding “a highly unusual US$995 million margin call that Morgan Stanley improperly imposed on Saxo Bank (and passed on to Frasers) in relation to certain options held by Frasers”, filed at the U.S. District Court for the Southern District of New York.
USA v. 5,012,294.90 in TetherUS et al: Forfeiture Complaint (‘Investment Fraud Crypto Laundering’)
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Forfeiture Complaint regarding virtual assets seized from accounts at Binance crypto exchange in the names of Kosit Sisawigon and Suradet Totsaponvised, both in Thailand, and Low Li Yu, in Malaysia, that “was swindled from victims through the course of an investment fraud scam” in USA v. 5,012,294.90 in TetherUS, 75,589,553.41 in Gala, 226.81 in BNB, 1,264.16 in Bitcoin, 1,495.72 in Litentry, 48,969 in Fantom, 47.17 in Ethereum, and 501.41 in BUSD at the U.S. District Court for the District of Arizona.
Bernard L. Madoff Investment Securities LLC et al v. Russell Oasis: Complaint (‘$12.8M Transfers’)
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Complaint in Irving Picard, as Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and the Chapter 7 Estate of Bernard L. Madoff v. Russell Oasis, filed at the U.S. Bankruptcy Court for the Southern District of New York.
Shop Your Own Mortgage et al: Chapter 15 Petition (Canada)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Neil Bunker, of PricewaterhouseCoopers, in Vancouver, Canada, as the Foreign Representative of My Mortgage Auction Corp., d.b.a. Shop Your Own Mortgage, described as a mortgage broker that is being investigated for suspected fraud, and Gregory Joseph Martel, described as a resident of both British Columbia and Ontario in Canada, filed at the U.S. Bankruptcy Court for the Central District of California.
USA v. $187K: Forfeiture Complaint (‘Crypto Laundering’)
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Forfeiture Complaint regarding the alleged proceeds of fraud in USA v. “$187,182 in U.S. currency, converted cryptocurrency obtained from SHAISHAV RAMAVAT’s OKX Exchange Account # 301953210925592576”, filed at the U.S. District Court for the District of Oregon.
USA v. $161K: Forfeiture Complaint (‘Crypto & Other Fraud’)
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Forfeiture Complaint regarding the alleged proceeds of wire fraud involving a purported crypto exchange known as “ANT Coin”, fake tech support, romance, and other alleged scams and whose victims include a “76-year-old widow” in USA v. $161,354.08 at the U.S. District Court for the Eastern District of Pennsylvania.
Bellrose Marketing Ltd. v. H2O Cruises LLC et al: Complaint (‘Fraudulent Inducement’)
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Complaint in Bellrose Marketing Ltd., of the British Virgin Islands v. H2O Cruises LLC, of La Jolla, California, USA, and Samuel Penhos, of San Diego, California, USA, at the U.S. District Court for the Southern District of California.
Woodstock Capital International Ltd.: Directors (Cayman Islands)
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Director Details for Woodstock Capital International Ltd., obtained from the Cayman Islands General Registry on September 19th, 2023.
SEC v. William Miller: Complaint (‘$10M Securities Fraud’)
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Complaint alleging the defendant “made material misstatements to two entities that would each invest $5 million in Woodstock Partners, a charter school in Minnesota and a real estate fund in Michigan” involving entities in the Cayman Islands, Delaware, and New Jersey in U.S. Securities and exchange Commission v. William E. Miller, of Charlotte, North Carolina, USA, at the U.S. District Court for the Southern District of New York.
Valentina Gonzalez et al v. Prager Metis CPAs, LLC et al: Discovery Application (Venezuela)
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Application by Valentina Mata González, Alejandra Mata González, and Maryan Carolina Mata González to take discovery from Prager Metis CPAs, LLC, Zomma Group Management, LLC, Asia Condominium Association, Inc., Ponte S. Trinita Corp., One Tequesta Point Condominium Association, Inc., William J. Segal, P.A., and Hilda Josefina Medrano for use in legal proceedings in Venezuela regarding the estate of Ricardo Mata Fernández (deceased), filed at the U.S. District Court for the Southern District of Florida.
Ryan O’Dell v. Capri Holdings Ltd. et al: Complaint (‘Material Misrepresentations’)
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Complaint in Ryan O’Dell v. Capri Holdings Limited, described as a British Virgin Islands-domiciled, London, England-based company that “designs, markets, distributes, and retails branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia”; John D. Idol, Marilyn Crouther, Robin Freestone, Judy Gibbons, Mahesh Madhavan, Stephen F. Reitman, Jane Thompson, and Jean Tomlin at the U.S. District Court for the Southern District of New York.
SEC v. Concord Management LLC et al: Complaint (‘$7.2B Unregistered Investment Advisers for Sanctioned Russian’)
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Complaint alleging the defendants operated as “investment advisers for the benefit of a single client: a wealthy former Russian political official living outside the United States” without being registered with the SEC, managing “a private fund securities portfolio with an estimated total value of $7.2 billion”, in U.S. Securities and Exchange Commission v. Concord Management LLC and Michael Matlin, both of New York, USA, at the U.S. District Court for the Southern District of New York. Editor’s Note: The ‘Russian client’ is not identified in the SEC’s complaint but The New York Times reported that it was Roman Abramovich.
Sunac China Holdings Ltd.: Directors (Cayman Islands)
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Director Details for Sunac China Holdings Limited, obtained from the Cayman Islands General Registry on September 19th, 2023.
Sunac China Holdings Ltd.: Chapter 15 Petition (Hong Kong)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Hong Kong by Gao Xi, as the Foreign Representative of Sunac China Holdings Limited, described as a Cayman Islands-domiciled, Hong Kong-based “ultimate holding company of a group of companies … which is principally engaged in the property development and property investment business in the People’s Republic of China”, filed at the U.S. Bankruptcy Court for the Southern District of New York.
USA v. Peter Kambolin: Criminal Information (‘Crypto & FX Fraud’)
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Criminal Information alleging conspiracy to commit commodities fraud involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA in USA v. Peter Kambolin, described as “a U.S.-Russian national” residing in Sunny Isles Beach, Florida, USA, at the U.S. District Court for the Southern District of Florida.
SEC v. Wilson Rondini III et al: Complaint (‘Unregistered Broker-Dealer’)
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Complaint alleging the defendants operated as a broker-dealer without being registered in U.S. Securities and Exchange Commission v. Wilson J. Rondini III, of Florida, USA; Falcon Capital LLP, of the United Kingdom, and Falcon Capital Partners Limited, of Hong Kong, at the U.S. District Court for the Southern District of Florida.
TMF (B.V.I.) Ltd.: $120K Fine (British Virgin Islands)
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Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $120,000 on TMF (B.V.I.) Ltd. for regulatory breaches.
Tricia Janetzke v. eLoanWarehouse.com et al: Class Action Complaint (‘Indian Tribe Consumer Loan Fraud’)
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Class Action Complaint in Tricia Janetzke v. Opichi Funds LLC, d.b.a. eLoanWarehouse.com, purportedly “an entity organized as “an economic development arm and instrumentality of, and wholly-owned and controlled by, the Lac Courte Oreilles Band of Lake Superior Chippewa Indians, a federally-recognized sovereign American Indian Tribe”; David Johnson, Kirk Michael Chewning, Cane Bay Partners VI, LLLP, Dimension Credit (Cayman), L.P., of the Cayman Islands; Strategic Link Consulting, LP, Esoteric Ventures, LLC, InfoTel International Ltd., of Belize; M. Mark High, Ltd., of Belize; Kim Anderson, Jay Clark, LaCourte Oreilles Financial Services II, LLC and Does 1-20 at the U.S. District Court for the Northern District of Illinois.
Alameda Research LLC et al v. Allan Bankman et al: Complaint (‘Fraudulent Transfers’)
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Complaint “to recover millions of dollars in fraudulently transferred and misappropriated funds from the parents of FTX Founder Samuel Bankman-Fried” in Alameda Research LLC, a Delaware, USA-domiciled company “that had operations in the United States, Hong Kong, and The Bahamas”; Alameda Research Ltd., of the British Virgin Islands; FTX Trading Ltd., of Antigua and Barbuda; West Realm Shires Inc., of Delaware, USA, and West Realm Shires Services Inc., d.b.a. FTX.US, of Delaware, USA v. Allan Joseph Bankman, described as “a tenured Stanford Law School professor with decades of experience in tax law”, and Barbara Fried, described as “a Stanford Law School professor who willingly enmeshed herself in the FTX Insiders’ world”, at the U.S. District Court for the District of Delaware.
SS International: Directors (Cayman Islands)
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Director Details for SS International, obtained from the Cayman Islands General Registry on September 17th, 2023.
Germany: PNC Bank (‘Supplier Imitation Fraud’)
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Application for the appointment of a Commissioner to collect evidence from PNC Bank – pursuant to a request for judicial assistance from Germany – for a criminal investigation into “an unknown perpetrator(s) for fraud”.
BioSteel Sports Nutrition Inc.: Chapter 15 Petition (Canada)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Sarah Eskandan, as the Foreign Representative of BioSteel Sports Nutrition Inc., described as “one of three affiliated entities comprising BioSteel, a sports nutrition and hydration company, focused on high quality ingredients and with a presence in professional sports markets”, filed at the U.S. Bankruptcy Court for the Southern District of Texas.
MBC International Ltd.: Directors (Cayman Islands)
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Director Details for MBC International Limited, obtained from the Cayman Islands General Registry on September 16th, 2023.
UFG Pulkovo JV Company Ltd.: Restoration Application
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Originating Application in the matter of UFG Pulkovo JV Company Limited at the Grand Court of the Cayman Islands.
USA v. Binance Account 165978850: Forfeiture Complaint (‘Tech Support Fraud & Crypto Laundering’)
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Forfeiture Complaint regarding the proceeds of an alleged fraud by someone pretending to be from ‘Microsoft technical support’ and laundering via crypto in USA v. Any and All Virtual Currency, Funds, Monies, and other things of value stored in or accessible at Binance associated with User ID 165978850 at the U.S. District Court for the Western District of Tennessee.
JGC Holdings Corporation v. Kingdom of Spain: Petition to Enforce Arbitral Award (€23.5M)
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Petition to Enforce Arbitral Award of €23.5 million in JGC Holdings Corporation, of Japan v. Kingdom of Spain at the U.S. District Court for the District of Columbia.
MBC International Ltd.: ‘Court Supervision’ Petition
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Petition for Court Supervision of a Voluntary Liquidation in the matter of MBC International Limited at the Grand Court of the Cayman Islands.
O’K Ltd.: Restoration Application
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Originating Application in the matter of O’K Ltd. at the Grand Court of the Cayman Islands.
Gemini Trust Company LLC v. Digital Currency Group Inc. et al: Amended Complaint (‘Crypto Fraud’)
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Amended Complaint in Gemini Trust Company LLC v. Digital Currency Group Inc. and Barry Silbert at the U.S. District Court for the Southern District of New York.
Pulkovo Holding Company Ltd.: Restoration Application
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Originating Application in the matter of Pulkovo Holding Company Limited at the Grand Court of the Cayman Islands.
City of Ouro Preto v. Merrill Lynch Pierce Fenner & Smith et al: Class Action Complaint (‘Lender Liability for Brazil Environmental Damages’)
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Complaint for “for lender liability against the Defendants arising from loans and financing which directly promoted, and continues to promote, significant environmental degradation in and around the Brazilian State of Minas Gerais” in City of Ouro Preto, in Minas Gerais, Brazil v. Merrill Lynch Pierce Fenner & Smith, Barclays Capital Inc., Citibank Inc., Citigroup Global Markets Inc., JPMorgan, and JPMorgan Securities LLC at the U.S. District Court for the Southern District of New York.
UFG Pulkovo (Cayman Finance) Ltd.: Restoration Application
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Originating Application in the matter of UFG Pulkovo (Cayman Finance) Limited at the Grand Court of the Cayman Islands.
IIG Global Trade Finance Fund Ltd. et al v. International Investment Group LLC et al: Unredacted Complaint (‘$169M Fraudulent Transfers’)
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Unredacted Complaint in IIG Global Trade Finance Fund Limited (in Official Liquidation), IIG Structured Trade Finance Fund Limited (in Official Liquidation), both of the Cayman Islands, and Christopher Kennedy and Alexander Lawson, as Joint Official Liquidators and as assignees of the creditors of IIG Global Trade Finance Fund Limited (in Official Liquidation) and IIG Structured Trade Finance Fund Limited (in Official Liquidation) v. International Investment Group L.L.C., Trade Finance Trust, Deutsche Bank Trust Company Americas, Assured Investment Management LLC (f/k/a BlueMountain Capital Management, LLC), Tennenbaum Capital Partners, LLC, KKR Credit Advisors (US) LLC, Elanus Capital Management, LLC, BlueMountain Foinaven Master Fund L.P., BlueMountain Logan Opportunities Master Fund L.P., BlueMountain Montenvers Master Fund SCA SICAV-SIF, BlueMountain Timberline Ltd., BlueMountain Kicking Horse Fund L.P., BlueMountain Credit Opportunities Master Fund I L.P., Tennenbaum Senior Loan Fund IV-B, LP, Tennenbaum Senior Loan Fund II, LP, Tennenbaum Senior Loan Operating III, LLC, Corporate Capital Trust, Inc., KKR Debt Investors II (2006) (Ireland) L.P., KKR TRS Holdings, Ltd., KKR-PBPR Capital Partners L.P., Special Value Continuation Partners, LP, and Elanus Capital Investments Master SP Series 1, John Doe Subsequent Transferees 1-10,000 at the U.S. Bankruptcy Court for the Southern District of New York.
USA v. Robert Dooner: Criminal Information (‘$745K Tax Fraud’)
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Criminal Information alleging $744,977 tax fraud in USA v. Robert N. Dooner, described as “a resident of Ibiza, Spain, and/or Abu Dhabi, and Dubai, United Arab Emirates” and “co-owner of a United Arab Emirates-based internet and communications company”, at the U.S. District Court for the District of Columbia.
USA v. Irina Barrett: Extradition Complaint (‘Fraud’)
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Complaint to extradite Irina Barrett, a citizen of Germany, from the USA to Germany, to “serve the remainder” of a prison sentence for fraud and, in a separate case, face “154 counts of commercial fraud”, filed at the U.S. District Court for the Middle District of Tennessee.
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Recent:
US Bank NA et al v. The Charitable Donor Advised Fund LP et al: Originating Summons
Platipus International Ltd.: Restoration Application
Poland: Namecheap (‘€32K Attempted Fraud by Email’)
SEC v. NDB Inc. et al: Complaint (‘$1.2M Securities Fraud’)
Binance Cyprus Ltd.: Crypto Register Deletion (Cyprus)
Etting Street Remembered LLC v. Karim Prince Tshibangu et al: Complaint (‘Film Financing’)
Alfa Capital Markets Ltd.: Voting Rights Suspension (Cyprus)
Alessandro Leonardi et al v. Sotheby’s Inc. et al: Discovery Application (Italy)
Caribbean Commercial Investment Bank Ltd. v. Robert Cromwell et al: Complaint (‘$610K Loan Guaranty’)
Kevin Gelasio v. Haris bin Zafar et al: Complaint (‘$2.5M NFT Crypto Fraud’)
Weihua Du v. Shalom Segelman et al: Complaint (‘$550K E-B Investor Immigration Program Fraud’)
Bianco Capital Ltd.: Restoration Application
LedgerScore Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
Jianxin Yu: Warning Notice (Cayman Islands)
Ling Zhang: Warning Notice (Cayman Islands)
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The post Guernsey general licence for investment funds appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – September 22, 2023
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Friday, September 22, 2023
N13J Ltd. v. M/Y Pure Romance: Complaint (‘$266K Yacht Collision Damages’)
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Complaint in N13J Ltd., of the Cayman Islands, described as “owner of the S/Y KAIZEN, a 44 Meter Alloy Yachts International Sailing Yacht” v. M/Y Pure Romance, described as “a 2007 110′ Lazzara Motor Yacht” that is “flagged” in Jamaica, at the U.S. District Court for the Southern District of Florida.
SEC v. Aras Investment Business Group S.A.P.I. de C.V. et al: Complaint (‘$6M Fraud’)
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Complaint alleging “a multi-million-dollar Ponzi scheme, affinity fraud, and unregistered offering of securities” in U.S. Securities and Exchange Commission v. Aras Investment Business Group S.A.P.I. de C.V., of Chihuahua, Mexico; Armando Gutierrez Rosas, Maria de Lourdes Tolentino Roque, Diayanira Rendon Trejo, Efren Norberto Quiroz Gardea, and Luis Ricardo Quiroz Gardea, all citizens of Mexico, at the U.S. District Court for the Western District of Texas.
507 Summit LLC et al v. James Liang: Discovery Application (Cayman Islands)
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Application by 507 Summit LLC, Oasis Focus Fund, and Quadre Investments L.P. to take discovery from James Jianzhang Liang for use in “appraisal proceedings pending before the Grand Court of the Cayman Islands in relation to the leveraged take-private merger of 51job, Inc.”, described as “a leading provider of human resources services in the People’s Republic of China”, filed at the U.S. District Court for the Northern District of California.
FTX Trading Ltd. et al v. Michael Burgess et al: Complaint (‘$157M Transfers’)
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Complaint in FTX Trading Ltd., of Antigua and Barbuda, and West Realm Shires Services Inc., of Delaware v. Michael Burgess, Huy Xuan ‘Kevin’ Nguyen, Jing Yu ‘Darren’ Wong, Matthew Burgess, Lesley Burgess, described as “former employees of Salameda Ltd.”; 3Twelve Ventures Ltd., of the British Virgin Islands, and BDK Consulting Ltd., of Hong Kong, at the U.S. District Court for the District of Delaware
USA v. 5,012,294.90 in TetherUS et al: Forfeiture Complaint (‘Investment Fraud Crypto Laundering’)
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Forfeiture Complaint regarding virtual assets seized from accounts at Binance crypto exchange in the names of Kosit Sisawigon and Suradet Totsaponvised, both in Thailand, and Low Li Yu, in Malaysia, that “was swindled from victims through the course of an investment fraud scam” in USA v. 5,012,294.90 in TetherUS, 75,589,553.41 in Gala, 226.81 in BNB, 1,264.16 in Bitcoin, 1,495.72 in Litentry, 48,969 in Fantom, 47.17 in Ethereum, and 501.41 in BUSD at the U.S. District Court for the District of Arizona.
Shop Your Own Mortgage et al: Chapter 15 Petition (Canada)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Neil Bunker, of PricewaterhouseCoopers, in Vancouver, Canada, as the Foreign Representative of My Mortgage Auction Corp., d.b.a. Shop Your Own Mortgage, described as a mortgage broker that is being investigated for suspected fraud, and Gregory Joseph Martel, described as a resident of both British Columbia and Ontario in Canada, filed at the U.S. Bankruptcy Court for the Central District of California.
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Recent:
Bernard L. Madoff Investment Securities LLC et al v. Russell Oasis: Complaint (‘$12.8M Transfers’)
Frasers Group Plc v. James Gorman: Discovery Application (England)
USA v. $187K: Forfeiture Complaint (‘Crypto Laundering’)
USA v. $161K: Forfeiture Complaint (‘Crypto & Other Fraud’)
Bellrose Marketing Ltd. v. H2O Cruises LLC et al: Complaint (‘Fraudulent Inducement’)
U.S.-Russian fund manager Peter Kambolin charged with fraud involving crypto & FX funds
USA v. Peter Kambolin: Criminal Information (‘Crypto & FX Fraud’)
USA v. Juan Donato Bautista: Criminal Complaint (‘$199M Philippines Bribery Scheme’)
Woodstock Capital International Ltd.: Directors (Cayman Islands)
SEC v. William Miller: Complaint (‘$10M Securities Fraud’)
Valentina Gonzalez et al v. Prager Metis CPAs, LLC et al: Discovery Application (Venezuela)
City of Ouro Preto v. Merrill Lynch Pierce Fenner & Smith et al: Class Action Complaint (‘Lender Liability for Brazil Environmental Damages’)
Ryan O’Dell v. Capri Holdings Ltd. et al: Complaint (‘Material Misrepresentations’)
Alameda Research LLC et al v. Allan Bankman et al: Complaint (‘Fraudulent Transfers’)
SEC v. Concord Management LLC et al: Complaint (‘$7.2B Unregistered Investment Advisers for Sanctioned Russian’)
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The report considers the potential benefits of adopting qualified majority voting (QMV) for sanctions, which would only require the approval of 20/25 member states, though might harm EU unity and effectiveness of sanctions.
European Commission President Ursula von der Leyen and the European Parliament have called for the use of QMV for sanctions (previous post, previous post), and the EU High Representative has supported QMV for at least sanctions relating to human rights and democracy (previous post).
The post EU Parliamentary research report on voting for CFSP / sanctions appeared first on EU Sanctions.
Separately, OFAC also announced a settlement with Emigrant Bank (Emigrant). Emigrant agreed to remit $31,867.90 to settle its potential civil liability for apparent violations of sanctions against Iran. For approximately 26 years, Emigrant maintained a Certificate of Deposit account on behalf of two individuals ordinarily resident and located in Iran, for which it processed 30 transactions between June 2017 and March 2021 totaling $91,051.13. Emigrant had actual knowledge of the Iranian address and apparent location of the accountholders during this period. The settlement amount reflects OFAC’s determination that Emigrant’s conduct was non-egregious and voluntarily self-disclosed. For more information, please visit the following web notice.
]]>The post EU court rejects Mordashov Russia de-lisiting case appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – September 21, 2023
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Red Flags Delivered To Your Inbox<!–
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Thursday, September 21, 2023
U.S.-Russian fund manager Peter Kambolin charged with fraud involving crypto & FX funds
Read on OffshoreAlert / Share on Twitter
Florida-based U.S.-Russian investment manager Peter Kambolin has been criminally charged with conspiracy to commit commodities fraud at federal court in Miami involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA.
Bernard L. Madoff Investment Securities LLC et al v. Russell Oasis: Complaint (‘$12.8M Transfers’)
Read on OffshoreAlert / Share on Twitter
Complaint in Irving Picard, as Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and the Chapter 7 Estate of Bernard L. Madoff v. Russell Oasis, filed at the U.S. Bankruptcy Court for the Southern District of New York.
Frasers Group Plc v. James Gorman: Discovery Application (England)
Read on OffshoreAlert / Share on Twitter
Application by Frasers Group Plc, described as “a British retailer group listed on the FTSE-100 (but majority owned by its founder, Mike Ashley)” to take discovery from James Patrick Gorman, described as “Chairman and CEO of Morgan Stanley”, for use in legal proceedings in England regarding “a highly unusual US$995 million margin call that Morgan Stanley improperly imposed on Saxo Bank (and passed on to Frasers) in relation to certain options held by Frasers”, filed at the U.S. District Court for the Southern District of New York.
USA v. $187K: Forfeiture Complaint (‘Crypto Laundering’)
Read on OffshoreAlert / Share on Twitter
Forfeiture Complaint regarding the alleged proceeds of fraud in USA v. “$187,182 in U.S. currency, converted cryptocurrency obtained from SHAISHAV RAMAVAT’s OKX Exchange Account # 301953210925592576”, filed at the U.S. District Court for the District of Oregon.
USA v. $161K: Forfeiture Complaint (‘Crypto & Other Fraud’)
Read on OffshoreAlert / Share on Twitter
Forfeiture Complaint regarding the alleged proceeds of wire fraud involving a purported crypto exchange known as “ANT Coin”, fake tech support, romance, and other alleged scams and whose victims include a “76-year-old widow” in USA v. $161,354.08 at the U.S. District Court for the Eastern District of Pennsylvania.
Bellrose Marketing Ltd. v. H2O Cruises LLC et al: Complaint (‘Fraudulent Inducement’)
Read on OffshoreAlert / Share on Twitter
Complaint in Bellrose Marketing Ltd., of the British Virgin Islands v. H2O Cruises LLC, of La Jolla, California, USA, and Samuel Penhos, of San Diego, California, USA, at the U.S. District Court for the Southern District of California.
USA v. Peter Kambolin: Criminal Information (‘Crypto & FX Fraud’)
Read on OffshoreAlert / Share on Twitter
Criminal Information alleging conspiracy to commit commodities fraud involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA in USA v. Peter Kambolin, described as “a U.S.-Russian national” residing in Sunny Isles Beach, Florida, USA, at the U.S. District Court for the Southern District of Florida.
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Recent:
USA v. Juan Donato Bautista: Criminal Complaint (‘$199M Philippines Bribery Scheme’)
Woodstock Capital International Ltd.: Directors (Cayman Islands)
SEC v. William Miller: Complaint (‘$10M Securities Fraud’)
Valentina Gonzalez et al v. Prager Metis CPAs, LLC et al: Discovery Application (Venezuela)
City of Ouro Preto v. Merrill Lynch Pierce Fenner & Smith et al: Class Action Complaint (‘Lender Liability for Brazil Environmental Damages’)
Ryan O’Dell v. Capri Holdings Ltd. et al: Complaint (‘Material Misrepresentations’)
Alameda Research LLC et al v. Allan Bankman et al: Complaint (‘Fraudulent Transfers’)
SEC v. Concord Management LLC et al: Complaint (‘$7.2B Unregistered Investment Advisers for Sanctioned Russian’)
Tricia Janetzke v. eLoanWarehouse.com et al: Class Action Complaint (‘Indian Tribe Consumer Loan Fraud’)
Sunac China Holdings Ltd.: Directors (Cayman Islands)
Sunac China Holdings Ltd.: Chapter 15 Petition (Hong Kong)
SEC v. Wilson Rondini III et al: Complaint (‘Unregistered Broker-Dealer’)
TMF (B.V.I.) Ltd.: $120K Fine (British Virgin Islands)
UFG Pulkovo JV Company Ltd.: Restoration Application
UFG Pulkovo (Cayman Finance) Ltd.: Restoration Application
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The post BIS and FCDO update common high priority items lists appeared first on EU Sanctions.
]]>Not only does this increase the risk of encountering sanctioned parties in business transactions, it also increases the so-called “secondary sanctions” risks for parties outside US jurisdiction that may be engaged in the types of activities that can cause them to wind up sanctions targets themselves. These designations included:
Alongside these designations, OFAC issued General License 72, authorizing the wind down of transactions with certain of the newly listed entities and any entity in which one or more of the below own, directly or indirectly, individually or in the aggregate, a 50% or greater interest. Separately, OFAC also extended the authorization period for General License 55A, for transactions related to the maritime transport of crude oil originating from the Sakhalin-2 project that is solely for importation into Japan. The general license is now valid through 12:01 a.m. eastern daylight time, June 28, 2024.
US persons are generally prohibited from dealing directly or indirectly with SDNs, entities that are owned 50% or more by one or more SDNs, and their property or property interests. Non-US persons can be held liable for “causing” violations by US persons involving transactions with SDNs and can also be subject to secondary sanctions risks (which would include, in particular, the risk of designation as an SDN themselves) for providing “material support” to SDNs.
The post US issues new sanctions designations related to Russia and Iranian drones, signaling continuously increasing risks appeared first on Sanctions & Export Controls Update.
The announcement comes on the anniversary of Mahsa Amini’s death in police custody in Iran. The individuals listed in Canada’s sanctions include the Secretary and three senior members of Iran’s Supreme Council for Cultural Revolution. Other individuals listed include the senior commander of the Islamic Revolutionary Guard Corps (IRGC) in Iran’s Kurdish provinces and the head of the Iranian Parliament’s national security and affairs committee. These sanctions are imposed in coordination with the European Union, the United Kingdom and the United States.
Schedule 1 of the Regulations imposes a dealings prohibition against the individuals and entities listed, effectively freezing any assets they hold in Canada. Individuals listed are also rendered inadmissible to Canada under the Immigration and Refugee Protection Act. For more information on the dealings prohibition, read our previous blog post on Canada’s June 2023 Iran sanctions here.
Businesses should continually assess their sanctions compliance in this shifting legal landscape. Regulations made under the Special Economic Measures Act obligate persons in Canada and Canadian citizens to disclose certain property owned or controlled by Schedule 1 entities and any related transactional information to the RCMP. Additionally, certain entities have a continuing duty to determine and disclose certain property owned, held or controlled by Schedule 1 entities.
An unofficial copy of the legislative amendments to the Special Economic Measures (Iran) Regulations that came into effect on September 14, 2023 are available on Global Affairs Canada’s website here.
The post Canada Amends Iranian Sanctions Regulations: 6 Individuals Targeted appeared first on Sanctions & Export Controls Update.
OffshoreAlert Daily Digest – September 20, 2023
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Red Flags Delivered To Your Inbox<!–
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Wednesday, September 20, 2023
USA v. Juan Donato Bautista: Criminal Complaint (‘$199M Philippine Bribery Scheme’)
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Criminal Complaint alleging laundering of bribery proceeds involving entities in Anguilla, British Virgin Islands, Philippines, Taiwan, United Kingdom, and USA in USA v. Juan Andres Donato Bautista, described as the former chairman of the Commission on Elections of the Republic of the Philippines (COMELEC), at the U.S. District Court for the Southern District of Florida.
SEC v. Concord Management LLC et al: Complaint (‘$7.2B Unregistered Investment Advisers for Sanctioned Russian’)
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Complaint alleging the defendants operated as “investment advisers for the benefit of a single client: a wealthy former Russian political official living outside the United States” without being registered with the SEC, managing “a private fund securities portfolio with an estimated total value of $7.2 billion”, in U.S. Securities and Exchange Commission v. Concord Management LLC and Michael Matlin, both of New York, USA, at the U.S. District Court for the Southern District of New York.
Woodstock Capital International Ltd.: Directors (Cayman Islands)
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Director Details for Woodstock Capital International Ltd., obtained from the Cayman Islands General Registry on September 19th, 2023.
Ryan O’Dell v. Capri Holdings Ltd. et al: Complaint (‘Material Misrepresentations’)
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Complaint in Ryan O’Dell v. Capri Holdings Limited, described as a British Virgin Islands-domiciled, London, England-based company that “designs, markets, distributes, and retails branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia”; John D. Idol, Marilyn Crouther, Robin Freestone, Judy Gibbons, Mahesh Madhavan, Stephen F. Reitman, Jane Thompson, and Jean Tomlin at the U.S. District Court for the Southern District of New York.
Valentina Gonzalez et al v. Prager Metis CPAs, LLC et al: Discovery Application (Venezuela)
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Application by Valentina Mata González, Alejandra Mata González, and Maryan Carolina Mata González to take discovery from Prager Metis CPAs, LLC, Zomma Group Management, LLC, Asia Condominium Association, Inc., Ponte S. Trinita Corp., One Tequesta Point Condominium Association, Inc., William J. Segal, P.A., and Hilda Josefina Medrano for use in legal proceedings in Venezuela regarding the estate of Ricardo Mata Fernández (deceased), filed at the U.S. District Court for the Southern District of Florida.
SEC v. William Miller: Complaint (‘$10M Securities Fraud’)
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Complaint alleging the defendant “made material misstatements to two entities that would each invest $5 million in Woodstock Partners, a charter school in Minnesota and a real estate fund in Michigan” involving entities in the Cayman Islands, Delaware, and New Jersey in U.S. Securities and exchange Commission v. William E. Miller, of Charlotte, North Carolina, USA, at the U.S. District Court for the Southern District of New York.
Alameda Research LLC et al v. Allan Bankman et al: Complaint (‘Fraudulent Transfers’)
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Complaint “to recover millions of dollars in fraudulently transferred and misappropriated funds from the parents of FTX Founder Samuel Bankman-Fried” in Alameda Research LLC, a Delaware, USA-domiciled company “that had operations in the United States, Hong Kong, and The Bahamas”; Alameda Research Ltd., of the British Virgin Islands; FTX Trading Ltd., of Antigua and Barbuda; West Realm Shires Inc., of Delaware, USA, and West Realm Shires Services Inc., d.b.a. FTX.US, of Delaware, USA v. Allan Joseph Bankman, described as “a tenured Stanford Law School professor with decades of experience in tax law”, and Barbara Fried, described as “a Stanford Law School professor who willingly enmeshed herself in the FTX Insiders’ world”, at the U.S. District Court for the District of Delaware.
City of Ouro Preto v. Merrill Lynch Pierce Fenner & Smith et al: Class Action Complaint (‘Lender Liability for Brazil Environmental Damages’)
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Complaint for “for lender liability against the Defendants arising from loans and financing which directly promoted, and continues to promote, significant environmental degradation in and around the Brazilian State of Minas Gerais” in City of Ouro Preto, in Minas Gerais, Brazil v. Merrill Lynch Pierce Fenner & Smith, Barclays Capital Inc., Citibank Inc., Citigroup Global Markets Inc., JPMorgan, and JPMorgan Securities LLC at the U.S. District Court for the Southern District of New York.
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Recent:
Tricia Janetzke v. eLoanWarehouse.com et al: Class Action Complaint (‘Indian Tribe Consumer Loan Fraud’)
Sunac China Holdings Ltd.: Directors (Cayman Islands)
Sunac China Holdings Ltd.: Chapter 15 Petition (Hong Kong)
SEC v. Wilson Rondini III et al: Complaint (‘Unregistered Broker-Dealer’)
TMF (B.V.I.) Ltd.: $120K Fine (British Virgin Islands)
UFG Pulkovo JV Company Ltd.: Restoration Application
UFG Pulkovo (Cayman Finance) Ltd.: Restoration Application
Pulkovo Holding Company Ltd.: Restoration Application
O’K Ltd.: Restoration Application
Germany: PNC Bank (‘Supplier Imitation Fraud’)
USA v. Robert Dooner: Criminal Information (‘$745K Tax Fraud’)
Gemini Trust Company LLC v. Digital Currency Group Inc. et al: Amended Complaint (‘Crypto Fraud’)
USA v. Binance Account 165978850: Forfeiture Complaint (‘Tech Support Fraud & Crypto Laundering’)
IIG Global Trade Finance Fund Ltd. et al v. International Investment Group LLC et al: Unredacted Complaint (‘$169M Fraudulent Transfers’)
BioSteel Sports Nutrition Inc.: Chapter 15 Petition (Canada)
<!–
–>
OffshoreAlert London: Dec 4-5
Early Bird: $1,195.00
OffshoreAlert Subscription
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Update frequency or digest type or unsubscribe (you’ll never receive another email from OffshoreAlert).
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]]>
The post OFAC makes designations connected with Iran’s UAV development appeared first on EU Sanctions.
OffshoreAlert Daily Digest – September 19, 2023
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Red Flags Delivered To Your Inbox<!–
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Tuesday, September 19, 2023
Sunac China Holdings Ltd.: Directors (Cayman Islands)
Read on OffshoreAlert / Share on Twitter
Director Details for Sunac China Holdings Limited, obtained from the Cayman Islands General Registry on September 19th, 2023.
Sunac China Holdings Ltd.: Chapter 15 Petition (Hong Kong)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Hong Kong by Gao Xi, as the Foreign Representative of Sunac China Holdings Limited, described as a Cayman Islands-domiciled, Hong Kong-based “ultimate holding company of a group of companies … which is principally engaged in the property development and property investment business in the People’s Republic of China”, filed at the U.S. Bankruptcy Court for the Southern District of New York.
Tricia Janetzke v. eLoanWarehouse.com et al: Class Action Complaint (‘Indian Tribe Consumer Loan Fraud’)
Read on OffshoreAlert / Share on Twitter
Class Action Complaint in Tricia Janetzke v. Opichi Funds LLC, d.b.a. eLoanWarehouse.com, purportedly “an entity organized as “an economic development arm and instrumentality of, and wholly-owned and controlled by, the Lac Courte Oreilles Band of Lake Superior Chippewa Indians, a federally-recognized sovereign American Indian Tribe”; David Johnson, Kirk Michael Chewning, Cane Bay Partners VI, LLLP, Dimension Credit (Cayman), L.P., of the Cayman Islands; Strategic Link Consulting, LP, Esoteric Ventures, LLC, InfoTel International Ltd., of Belize; M. Mark High, Ltd., of Belize; Kim Anderson, Jay Clark, LaCourte Oreilles Financial Services II, LLC and Does 1-20 at the U.S. District Court for the Northern District of Illinois.
TMF (B.V.I.) Ltd.: $120K Fine (British Virgin Islands)
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Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $120,000 on TMF (B.V.I.) Ltd. for regulatory breaches.
SEC v. Wilson Rondini III et al: Complaint (‘Unregistered Broker-Dealer’)
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Complaint alleging the defendants operated as a broker-dealer without being registered in U.S. Securities and Exchange Commission v. Wilson J. Rondini III, of Florida, USA; Falcon Capital LLP, of the United Kingdom, and Falcon Capital Partners Limited, of Hong Kong, at the U.S. District Court for the Southern District of Florida.
UFG Pulkovo JV Company Ltd.: Restoration Application
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Originating Application in the matter of UFG Pulkovo JV Company Limited at the Grand Court of the Cayman Islands.
UFG Pulkovo (Cayman Finance) Ltd.: Restoration Application
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Originating Application in the matter of UFG Pulkovo (Cayman Finance) Limited at the Grand Court of the Cayman Islands.
O’K Ltd.: Restoration Application
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Originating Application in the matter of O’K Ltd. at the Grand Court of the Cayman Islands.
Pulkovo Holding Company Ltd.: Restoration Application
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Originating Application in the matter of Pulkovo Holding Company Limited at the Grand Court of the Cayman Islands.
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Recent:
Germany: PNC Bank (‘Supplier Imitation Fraud’)
USA v. Robert Dooner: Criminal Information (‘$745K Tax Fraud’)
Gemini Trust Company LLC v. Digital Currency Group Inc. et al: Amended Complaint (‘Crypto Fraud’)
USA v. Binance Account 165978850: Forfeiture Complaint (‘Tech Support Fraud & Crypto Laundering’)
IIG Global Trade Finance Fund Ltd. et al v. International Investment Group LLC et al: Unredacted Complaint (‘$169M Fraudulent Transfers’)
BioSteel Sports Nutrition Inc.: Chapter 15 Petition (Canada)
JGC Holdings Corporation v. Kingdom of Spain: Petition to Enforce Arbitral Award (€23.5M)
USA v. Irina Barrett: Extradition Complaint (‘Fraud’)
MBC International Ltd.: Directors (Cayman Islands)
SS International: Directors (Cayman Islands)
MBC International Ltd.: ‘Court Supervision’ Petition
US Bank NA et al v. The Charitable Donor Advised Fund LP et al: Originating Summons
Platipus International Ltd.: Restoration Application
Poland: Namecheap (‘€32K Attempted Fraud by Email’)
SEC v. NDB Inc. et al: Complaint (‘$1.2M Securities Fraud’)
<!–
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OffshoreAlert London: Dec 4-5
Early Bird: $1,195.00
OffshoreAlert Subscription
$90/month. Cancel anytime.
Did a colleague forward you this newsletter? Sign up to receive our free red flags daily by email.
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Copyright © 2023 OffshoreAlert, All rights reserved.
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]]>
The post UK proscribes Wagner Group as terrorist organisation appeared first on EU Sanctions.
]]>Beijing did not specify what measures it will take against the 2 entities, but pursuant to Article 6 of the AFSL, if an entity is included on the AFSL “Countermeasure List”, the State Council is entitled to adopt a range of measures, including:
The post China sanctions US defence entities appeared first on EU Sanctions.
]]>The post Switzerland updates sanctions guidance on iron and steel products appeared first on EU Sanctions.
]]>The post EU court interprets Russia sanctions designation criteria in Rashnikov appeared first on EU Sanctions.
]]>The following additions and changes have been made to OFAC’s list of Specially Designated Nationals:
]]>OffshoreAlert Daily Digest – September 18, 2023
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Monday, September 18, 2023
Germany: PNC Bank (‘Supplier Imitation Fraud’)
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Application for the appointment of a Commissioner to collect evidence from PNC Bank – pursuant to a request for judicial assistance from Germany – for a criminal investigation into “an unknown perpetrator(s) for fraud”.
SS International: Directors (Cayman Islands)
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Director Details for SS International, obtained from the Cayman Islands General Registry on September 17th, 2023.
BioSteel Sports Nutrition Inc.: Chapter 15 Petition (Canada)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Sarah Eskandan, as the Foreign Representative of BioSteel Sports Nutrition Inc., described as “one of three affiliated entities comprising BioSteel, a sports nutrition and hydration company, focused on high quality ingredients and with a presence in professional sports markets”, filed at the U.S. Bankruptcy Court for the Southern District of Texas.
MBC International Ltd.: Directors (Cayman Islands)
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Director Details for MBC International Limited, obtained from the Cayman Islands General Registry on September 16th, 2023.
USA v. Binance Account 165978850: Forfeiture Complaint (‘Tech Support Fraud & Crypto Laundering’)
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Forfeiture Complaint regarding the proceeds of a fraud by someone allegedly pretending to be from ‘Microsoft technical support’ and laundering via crypto in USA v. Any and All Virtual Currency, Funds, Monies, and other things of value stored in or accessible at Binance associated with User ID 165978850 at the U.S. District Court for the Western District of Tennessee.
JGC Holdings Corporation v. Kingdom of Spain: Petition to Enforce Arbitral Award (€23.5M)
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Petition to Enforce Arbitral Award of €23.5 million in JGC Holdings Corporation, of Japan v. Kingdom of Spain at the U.S. District Court for the District of Columbia.
MBC International Ltd.: ‘Court Supervision’ Petition
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Petition for Court Supervision of a Voluntary Liquidation in the matter of MBC International Limited at the Grand Court of the Cayman Islands.
Gemini Trust Company LLC v. Digital Currency Group Inc. et al: Amended Complaint (‘Crypto Fraud’)
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Amended Complaint in Gemini Trust Company LLC v. Digital Currency Group Inc. and Barry Silbert at the U.S. District Court for the Southern District of New York.
IIG Global Trade Finance Fund Ltd. et al v. International Investment Group LLC et al: Unredacted Complaint (‘$169M Fraudulent Transfers’)
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Unredacted Complaint in IIG Global Trade Finance Fund Limited (in Official Liquidation), IIG Structured Trade Finance Fund Limited (in Official Liquidation), both of the Cayman Islands, and Christopher Kennedy and Alexander Lawson, as Joint Official Liquidators and as assignees of the creditors of IIG Global Trade Finance Fund Limited (in Official Liquidation) and IIG Structured Trade Finance Fund Limited (in Official Liquidation) v. International Investment Group L.L.C., Trade Finance Trust, Deutsche Bank Trust Company Americas, Assured Investment Management LLC (f/k/a BlueMountain Capital Management, LLC), Tennenbaum Capital Partners, LLC, KKR Credit Advisors (US) LLC, Elanus Capital Management, LLC, BlueMountain Foinaven Master Fund L.P., BlueMountain Logan Opportunities Master Fund L.P., BlueMountain Montenvers Master Fund SCA SICAV-SIF, BlueMountain Timberline Ltd., BlueMountain Kicking Horse Fund L.P., BlueMountain Credit Opportunities Master Fund I L.P., Tennenbaum Senior Loan Fund IV-B, LP, Tennenbaum Senior Loan Fund II, LP, Tennenbaum Senior Loan Operating III, LLC, Corporate Capital Trust, Inc., KKR Debt Investors II (2006) (Ireland) L.P., KKR TRS Holdings, Ltd., KKR-PBPR Capital Partners L.P., Special Value Continuation Partners, LP, and Elanus Capital Investments Master SP Series 1, John Doe Subsequent Transferees 1-10,000 at the U.S. Bankruptcy Court for the Southern District of New York.
USA v. Robert Dooner: Criminal Information (‘$745K Tax Fraud’)
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Criminal Information alleging $744,977 tax fraud in USA v. Robert N. Dooner, described as “a resident of Ibiza, Spain, and/or Abu Dhabi, and Dubai, United Arab Emirates” and “co-owner of a United Arab Emirates-based internet and communications company”, at the U.S. District Court for the District of Columbia.
USA v. Irina Barrett: Extradition Complaint (‘Fraud’)
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Complaint to extradite Irina Barrett, a citizen of Germany, from the USA to Germany, to “serve the remainder” of a prison sentence for fraud and, in a separate case, face “154 counts of commercial fraud”, filed at the U.S. District Court for the Middle District of Tennessee.
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Recent:
US Bank NA et al v. The Charitable Donor Advised Fund LP et al: Originating Summons
Platipus International Ltd.: Restoration Application
Poland: Namecheap (‘€32K Attempted Fraud by Email’)
SEC v. NDB Inc. et al: Complaint (‘$1.2M Securities Fraud’)
Binance Cyprus Ltd.: Crypto Register Deletion (Cyprus)
Etting Street Remembered LLC v. Karim Prince Tshibangu et al: Complaint (‘Film Financing’)
Alfa Capital Markets Ltd.: Voting Rights Suspension (Cyprus)
Alessandro Leonardi et al v. Sotheby’s Inc. et al: Discovery Application (Italy)
Caribbean Commercial Investment Bank Ltd. v. Robert Cromwell et al: Complaint (‘$610K Loan Guaranty’)
Kevin Gelasio v. Haris bin Zafar et al: Complaint (‘$2.5M NFT Crypto Fraud’)
Weihua Du v. Shalom Segelman et al: Complaint (‘$550K E-B Investor Immigration Program Fraud’)
Bianco Capital Ltd.: Restoration Application
LedgerScore Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
Jianxin Yu: Warning Notice (Cayman Islands)
Ling Zhang: Warning Notice (Cayman Islands)
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OffshoreAlert Weekly Digest – September 16, 2023
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Saturday, September 16, 2023
Poland: Namecheap (‘€32K Attempted Fraud by Email’)
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Application for the appointment of a Commissioner to collect evidence from Namecheap Inc. regarding an “account associated with e@eudirector.com” – pursuant to a request for judicial assistance from Poland – for a criminal investigation into “an unknown suspect for attempted fraud offenses”.
Alessandro Leonardi et al v. Sotheby’s Inc. et al: Discovery Application (Italy)
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Application by Alessandro Leonardi, Alessandra Leonardi, and Anna Maria Zoni, described as “Italian residents who have been sued by the Struna Estate in the Court of Bologna, Italy as the surviving heirs (the Leonardis) and widow (Zoni) of Renzo Leonardi”, to take discovery from Sotheby’s Inc. and Iron Mountain Information Management LLC, d.b.a. Crozier Fine Arts, for use in legal proceedings in Italy regarding “a dispute stemming from a transaction in which the Applicants’ now-deceased patriarch, Renzo Leonardi, purchased a bronze Head of Fernande by Pablo Picasso from the now-deceased William Conrad Struna for $1 million dollars”, filed at the U.S. District Court for the Southern District of New York.
SEC v. NDB Inc. et al: Complaint (‘$1.2M Securities Fraud’)
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Complaint alleging “the fraudulent offer and sale of securities” in U.S. Securities and Exchange Commission v. NDB Inc., described as a Wyoming-domiciled and based “private technology startup company formerly based in San Francisco and Pleasanton, California”, and Nima Golsharifi, described as a resident of London, England, at the U.S. District Court for the Northern District of California.
US Bank NA et al v. The Charitable Donor Advised Fund LP et al: Originating Summons
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Originating Summons in U.S. Bank N.A., as Trustee; Joshua N. Terry, and ACIS Capital Management L.P., as Plaintiffs and Counter-Defendants v. The Charitable Donor Advised Fund L.P., CLO Holdco Ltd., and NexPoint Diversified Real Estate Trust, as Defendants and Counter-Plaintiffs, at the Grand Court of the Cayman Islands.
Platipus International Ltd.: Restoration Application
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Originating Application in the matter of Platipus International Limited at the Grand Court of the Cayman Islands.
Caribbean Commercial Investment Bank Ltd. v. Robert Cromwell et al: Complaint (‘$610K Loan Guaranty’)
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Complaint for $610,507 against the alleged “guarantors” of a loan issued to Indigo Holdings Ltd., of Anguilla, in William Tacon, as Administrator of Caribbean Commercial Investment Bank Ltd., of Anguilla v. Robert Cromwell and Sarit L. Rozycki, both of Scarsdale, New York, USA, described as “sole shareholders of Indigo”, at the U.S. District Court for the Southern District of New York.
Weihua Du v. Shalom Segelman et al: Complaint (‘$550K E-B Investor Immigration Program Fraud’)
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Complaint in Weihua Du, described as “a Chinese foreign investor who participated in the U.S. Government’s EB-5 investor immigration program” v. Shalom Segelman, Line DC Manager LLC, The Line DC Escrow LLC, Yucaipa U.S. Hospitality Partners, LLC, YAAF II Parallel (U.S. Hospitality Partners), Inc., Adams Morgan Managing Member LLC, Adams Morgan Hotel Holdings LLC, Adams Morgan Hotel JV LLC, Adam Morgan Hotel Members LLC, Adams Morgan Hotel Owner LLC, Milou Chesapeake Regional Center LLC, Yevgeny Samokhleb, and Liu & Bitterman PLLC at the U.S. District Court for the Eastern District of New York.
LedgerScore Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
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Winding Up Petition in LedgerScore Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described as “retail investors who utilized an online cryptocurrency trading platform operated by the Company called “Freeway”, and who invested in Freeway’s Supercharger program” v. AuBit International at the Grand Court of the Cayman Islands.
Jolly Capital Ltd.: Directors (Cayman Islands)
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Director Details for Jolly Capital Limited, obtained from the Cayman Islands General Registry on September 12th, 2023.
Digicel Group Holdings Ltd.: Chapter 15 Petition (Bermuda)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Lawrence Hickey, as the Foreign Representative of Digicel Group Holdings Ltd., filed at the U.S. Bankruptcy Court for the Southern District of New York.
USA v. Orlando Contreras Saab: Criminal Information (‘Venezuela Bribery’)
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Criminal Information alleging conspiracy to violate the Foreign Corrupt Practices Act “by engaging in a scheme to bribe Venezuelan officials to obtain and retain contracts and other business advantages, including obtaining multi-million-dollar contracts with entities and instrumentalities owned and controlled by the Venezuelan government for the production, importation, and distribution of food and medicine to the people of Venezuela”, in USA v. Orlando Alfonso Contreras Saab, described as a citizen of Venezuela, at the U.S. District Court for the Southern District of Florida.
CBS Interactive Inc. et al v. World Boxing Council, Inc.: Discovery Application (England)
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Application by CBS Interactive Inc. and Boxing Acquisition Inc. to take discovery from World Boxing Council, Inc. for legal proceedings in England in which “British heavyweight boxer Dillian Whyte has sued the Applicants over two news reports published on the Boxing Scene website in July 2019, which reported on an adverse test result that Whyte received from UK Anti-Doping”, filed at the U.S. District Court for the Southern District of Florida.
Binance Cyprus Ltd.: Crypto Register Deletion (Cyprus)
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Public Notice by the Cyprus Securities and Exchange Commission that it has deleted Binance Cyprus Ltd. from the “Register of Service Providers of Crypto-assets” because “it has not provided services on Crypto-assets for a continuous period of six months”.
Jolly Capital Ltd.: Warning Notice (Cayman Islands)
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Warning Notice by the Cayman Islands Monetary Authority that it “proposes to cancel” the Securities registration of Jolly Capital Limited for regulatory breaches.
Ling Zhang: Warning Notice (Cayman Islands)
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Warning Notice by the Cayman Islands Monetary Authority that it “proposes to cancel the director registration held by” Ling Zhang, of Beijing, China, for regulatory breaches.
Jianxin Yu: Warning Notice (Cayman Islands)
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Warning Notice by the Cayman Islands Monetary Authority that it “proposes to cancel the director registration held by” Jianxin Yu, of Beijing, China, for regulatory breaches.
IIG Structured Trade Finance Fund Ltd. v. Sancor Cooperativas Unidas Ltda. et al: Complaint (‘$61.5M Loans’)
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Complaint for “repayment of more than $61,500,000.00” in IIG Structured Trade Finance Fund Limited (in Official Liquidation), of the Cayman Islands v. Sancor Cooperativas Unidas Limitada, of Argentina, and Sancor do Brasil Productos Alimenticios Ltda., of Brazil, at the U.S. Bankruptcy Court for the Southern District of New York.
Cayman Enterprise City Ltd. v. DLE Digital SEZC et al: Complaint (‘$15K Unpaid Fees’)
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Complaint for $15,375 in allegedly unpaid fees in Cayman Enterprise City Ltd. v. DLE Digital SEZC and DLE Resource SEZC at the Cayman Islands Summary Court.
DLE Resource SEZC: Directors (Cayman Islands)
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Director Details for DLE Resource SEZC, obtained from the Cayman Islands General Registry on September 8th, 2023.
DLE Digital SEZC: Directors (Cayman Islands)
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Director Details for DLE Digital SEZC, obtained from the Cayman Islands General Registry on September 8th, 2023.
FTX Trading Ltd. et al v. LayerZero Labs Ltd. et al: Complaint (‘Fraudulent Transfers’)
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Complaint in FTX Trading Ltd., an Antigua and Barbuda company that was based in the Bahamas; Maclaurin Investments Ltd., formerly known as Alameda Ventures Ltd., of the Seychelles, and West Realm Shires Services Inc., of Delaware, USA v. LayerZero Labs Ltd., of the British Virgin Islands; Ari Litan, described as a resident of Florida, USA, and Skip & Goose LLC, of Kansas, USA, at the U.S. Bankruptcy Court for the District of Delaware.
Ubaydullo Mirvaydulloev v. Sea Ltd. et al: Class Action Complaint
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Class Action Complaint in Ubaydullo Mirvaydulloev v. Sea Limited, described as a Cayman Islands-domiciled, Singapore-based company that is part of a froup that “provides digital entertainment, ecommerce, and digital financial services in Asia, Latin America, and internationally”; Forrest Xiaodong Li, and Tony Tianyu Hou at the U.S. District Court for the District of Arizona.
Kevin Gelasio v. Haris bin Zafar et al: Complaint (‘$2.5M NFT Crypto Fraud’)
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Complaint “about a pseudonymous Internet trickster and amateur artist who thinks his quasi-anonymity and modest notoriety allows him to criminally defraud his ostensible friends and business partners, psychologically manipulate and bully them into silence, and unjustly enrich himself at their expense without facing any repercussions” in Kevin Gelasio, described as “a full-time nurse and part-time cryptocurrency trader” v. Haris bin Zafar, described as a citizen and resident of the United Kingdom, and Project Ether Limited, of Hong Kong, at the U.S. District Court for the Northern District of California.
Bianco Capital Ltd.: Restoration Application
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Originating Application in the matter of Bianco Capital Ltd. at the Grand Court of the Cayman Islands.
USA v. Samvel Grigoryan et al: Criminal Complaint (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
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Criminal Complaint alleging the defendants “engaged in unlicensed money transmitting business [coinexchange.am], in that they are exchanging cryptocurrency for funds in the form of United States currency, charging a fee as a percentage of the amount of the transfer” in USA v. Samvel Grigoryan and Hayk Martirosyan, both citizens of Armenia, at the U.S. District Court for the Central District of California.
Coinfinity LLC v. Supplybit LLC: Complaint (‘Crypto Mining Dispute’)
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Complaint in Coinfinity LLC, of Wyoming v. Supplybit LLC, a Delaware company based in Puerto Rico that “provides cryptocurrency mining services”, at the U.S. District Court for the Northern District of Illinois.
Oleg Koziar et al v. Blammo Ltd. et al: Complaint (‘$669K Blammo Crypto Trading Fraud’)
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Complaint alleging “Plaintiffs were victimized by cybercriminals who intentionally and unlawfully utilized a fake cryptocurrency trading website called ‘Blammo'”, causing them to lose their “entire retirement portfolio, all of their cash, and … incur at least $250,000.00 in debts” in Oleg Koziar, and Rimma Koziar, described as “retirees of Ukrainian extraction in their 60s” v. Blammo Ltd., Alamas Group Europe OÜ, of Estonia; John Doe and Jane Doe at the U.S. Bankruptcy Court for the Southern District of New York.
Etting Street Remembered LLC v. Karim Prince Tshibangu et al: Complaint (‘Film Financing’)
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Complaint to avoid transfers in Etting Street Remembered LLC, of Texas, USA v. Karim Prince Tshibangu, described as “an individual of unknown citizenship”; Golden Crab Film Production Limited, and Karim P Production Limited, both described as being domiciled in the United Kingdom, at the Superior Court of California, County of San Diego.
Harshil Topiwala v. Fred Khalilian et al: Complaint (‘$583K Crypto Investment Guaranty’)
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Complaint alleging failure to honor a “personal guaranty” regarding a $583,500 investment in Harshil Topiwala, a citizen and resident of the United Kingdom v. Fereidoun “Fred” Khalilian and BlockChain Consulting Group, LLC at the Superior Court of the State of California, County of Los Angeles.
Alfa Capital Markets Ltd.: Voting Rights Suspension (Cyprus)
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Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the voting rights of Alfa-Bank JSC, of Russia, regarding Alfa Capital Markets Ltd., of which Alfa-Bank is the “sole direct shareholder”.
Monoikos Marine Ltd.: Restoration Application
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Originating Application in the matter of Monoikos Marine Ltd. at the Grand Court of the Cayman Islands.
Savannah Midstream Investment Ltd. v. Citibank NA et al: Petition (‘$151M Attempted Theft’)
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Petition to enjoin the respondents “from permitting the Republic of Chad and entities acting at its de facto direction to steal the equivalent of over $151 million held in bank accounts with Citibank’s branch in Gabon, which is controlled by Citibank” in Savannah Midstream Investment Limited, of the Bahamas v. Citibank, N.A. and Citigroup, Inc. at the U.S. District Court for the Southern District of New York.
Huntsman Gay Capital Partners Fund GP Ltd. et al v. Rhett Neuenschwander: Complaint (‘$931K Unjust Enrichment’)
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Complaint in Huntsman Gay Capital Partners Fund GP Ltd. and Huntsman Gay Capital Partners Fund Carry Allocation Vehicle L.P., both of the Cayman Islands v. Rhett Neuenschwander, of Alpine, Utah, USA, at the Fourth Judicial District Court for Utah County.
Cayman Spectrum (NZ) Co.: Restoration Application
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Originating Application in the matter of Cayman Spectrum (NZ) Co. at the Grand Court of the Cayman Islands.
Natsuhiro Samejima v. BVI Registrar of Corporate Affairs: Restoration Application (SFVI Ltd.)
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Fixed Date Claim Form regarding SFVI Limited in Natsuhiro Samejima, of Tokyo, Japan v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Accesso Technology Group Plc v. BVI Registrar of Corporate Affairs: Restoration Application (VisionOne Worldwide Ltd.)
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Fixed Date Claim Form regarding VisionOne Worldwide Ltd. in Accesso Technology Group Plc, of England v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Recent:
USA v. 489,269.52 Tether: Forfeiture Application (‘$500K Romance Fraud & Crypto Laundering’)
Sabby Volatility Warrant Master Fund Ltd. v. Jupiter Wellness Inc.: Complaint (‘$500K Losses’)
SEC v. Guosheng Qi et al: Complaint (‘Securities Fraud’)
Podium Investments Inc.: Restoration Application
IPCore Technologies Corporation: Restoration Application
E&P Global Holdings Ltd.: ‘Share Reduction’ Petition
G.N. Terminal Enterprises Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Black Sea Partners Ltd.)
Jun Xu v. BVI Registrar of Corporate Affairs: Fixed Date Claim Form (Aquarius International Company Ltd.)
First Link Management Services Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (JMC Investments Group Ltd.)
Aabar Investments PJS Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application
Best Grade Ltd. et al v. Cho Kwai Chee: Claim Form (‘HK309M Judgment Enforcement’)
Western Asset Group LLC v. Platinum Property Partners Ltd.: Claim Form (‘$2.1M’)
Gold Eagle Development Ltd. v. AASCFII HyalRoute (Sub) Ltd.: ‘Set Aside’ Application (‘$92M Debt’)
Celsius Network Ltd. v. Equities First Holdings LLC et al: Complaint
Genesis Global Capital LLC v. Digital Currency Group Inc.: Complaint (‘$500M Loans’)
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5. Proportionality and extra-territorial effect
The post EU judgment in Venezuela case on international law & sanctions appeared first on EU Sanctions.
]]> The project is an oil and gas development in Sakhalin Island, Russia, and supplies about 9% of Japan’s liquified natural gas imports.
The post UK and US extend Sakhalin-2 Project sanctions exemption appeared first on EU Sanctions.
OffshoreAlert Daily Digest – September 15, 2023
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Friday, September 15, 2023
Poland: Namecheap (‘€32K Attempted Fraud by Email’)
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Application for the appointment of a Commissioner to collect evidence from Namecheap Inc. regarding an “account associated with e@eudirector.com” – pursuant to a request for judicial assistance from Poland – for use in a criminal investigation into “an unknown suspect for attempted fraud offenses”.
SEC v. NDB Inc. et al: Complaint (‘$1.2M Securities Fraud’)
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Complaint alleging “the fraudulent offer and sale of securities” in U.S. Securities and Exchange Commission v. NDB Inc., described as a Wyoming-domiciled and based “private technology startup company formerly based in San Francisco and Pleasanton, California”, and Nima Golsharifi, described as a resident of London, England, at the U.S. District Court for the Northern District of California.
US Bank NA et al v. The Charitable Donor Advised Fund LP et al: Originating Summons
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Originating Summons in U.S. Bank N.A., as Trustee; Joshua N. Terry, and ACIS Capital Management L.P., as Plaintiffs and Counter-Defendants v. The Charitable Donor Advised Fund L.P., CLO Holdco Ltd., and NexPoint Diversified Real Estate Trust, as Defendants and Counter-Plaintiffs, at the Grand Court of the Cayman Islands.
Platipus International Ltd.: Restoration Application
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Originating Application in the matter of Platipus International Limited at the Grand Court of the Cayman Islands.
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Recent:
Binance Cyprus Ltd.: Crypto Register Deletion (Cyprus)
Etting Street Remembered LLC v. Karim Prince Tshibangu et al: Complaint (‘Film Financing’)
Alfa Capital Markets Ltd.: Voting Rights Suspension (Cyprus)
Alessandro Leonardi et al v. Sotheby’s Inc. et al: Discovery Application (Italy)
Caribbean Commercial Investment Bank Ltd. v. Robert Cromwell et al: Complaint (‘$610K Loan Guaranty’)
Kevin Gelasio v. Haris bin Zafar et al: Complaint (‘$2.5M NFT Crypto Fraud’)
Weihua Du v. Shalom Segelman et al: Complaint (‘$550K E-B Investor Immigration Program Fraud’)
Bianco Capital Ltd.: Restoration Application
LedgerScore Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
Jianxin Yu: Warning Notice (Cayman Islands)
Ling Zhang: Warning Notice (Cayman Islands)
Jolly Capital Ltd.: Directors (Cayman Islands)
Jolly Capital Ltd.: Warning Notice (Cayman Islands)
Harshil Topiwala v. Fred Khalilian et al: Complaint (‘$583K Crypto Investment Guaranty’)
Savannah Midstream Investment Ltd. v. Citibank NA et al: Petition (‘$151M Attempted Theft’)
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The UK government’s press release announcing the proscription of Wagner is available here and accompanying fact sheet is available here.
The post Wagner is Proscribed by UK Government appeared first on Sanctions & Export Controls Update.
OFAC issued a general licence authorising the wind down of transactions involving certain entities which have been designated:
The US Department of State designated entities and individuals operating in various sectors of the Russian economy (fact sheet, press release), including:
The post US makes over 150 Russia designations appeared first on EU Sanctions.
]]>The following additions, removals, and changes have been made to OFAC’s list of Specially Designated Nationals and OFAC’s Sectoral Sanctions Identifications List:
]]>OffshoreAlert Daily Digest – September 14, 2023
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Red Flags Delivered To Your Inbox<!–
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Thursday, September 14, 2023
Alessandro Leonardi et al v. Sotheby’s Inc. et al: Discovery Application (Italy)
Read on OffshoreAlert / Share on Twitter
Application by Alessandro Leonardi, Alessandra Leonardi, and Anna Maria Zoni, described as “Italian residents who have been sued by the Struna Estate in the Court of Bologna, Italy as the surviving heirs (the Leonardis) and widow (Zoni) of Renzo Leonardi”, to take discovery from Sotheby’s Inc. and Iron Mountain Information Management LLC, d.b.a. Crozier Fine Arts, for use in legal proceedings in Italy regarding “a dispute stemming from a transaction in which the Applicants’ now-deceased patriarch, Renzo Leonardi, purchased a bronze Head of Fernande by Pablo Picasso from the now-deceased William Conrad Struna for $1 million dollars”, filed at the U.S. District Court for the Southern District of New York.
Caribbean Commercial Investment Bank Ltd. v. Robert Cromwell et al: Complaint (‘$610K Loan Guaranty’)
Read on OffshoreAlert / Share on Twitter
Complaint for $610,507 against the alleged “guarantors” of a loan issued to Indigo Holdings Ltd., of Anguilla, in William Tacon, as Administrator of Caribbean Commercial Investment Bank Ltd., of Anguilla v. Robert Cromwell and Sarit L. Rozycki, both of Scarsdale, New York, USA, described as “sole shareholders of Indigo”, at the U.S. District Court for the Southern District of New York.
Binance Cyprus Ltd.: Crypto Register Deletion (Cyprus)
Read on OffshoreAlert / Share on Twitter
Public Notice by the Cyprus Securities and Exchange Commission that it has deleted Binance Cyprus Ltd. from the “Register of Service Providers of Crypto-assets” because “it has not provided services on Crypto-assets for a continuous period of six months”.
Etting Street Remembered LLC v. Karim Prince Tshibangu et al: Complaint (‘Film Financing’)
Read on OffshoreAlert / Share on Twitter
Complaint to avoid transfers in Etting Street Remembered LLC, of Texas, USA v. Karim Prince Tshibangu, described as “an individual of unknown citizenship”; Golden Crab Film Production Limited, and Karim P Production Limited, both described as being domiciled in the United Kingdom, at the Superior Court of California, County of San Diego.
Alfa Capital Markets Ltd.: Votings Rights Suspension (Cyprus)
Read on OffshoreAlert / Share on Twitter
Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the voting rights of Alfa-Bank JSC, of Russia, regarding Alfa Capital Markets Ltd., of which Alfa-Bank is the “sole direct shareholder”.
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Recent:
Kevin Gelasio v. Haris bin Zafar et al: Complaint (‘$2.5M NFT Crypto Fraud’)
Weihua Du v. Shalom Segelman et al: Complaint (‘$550K E-B Investor Immigration Program Fraud’)
Bianco Capital Ltd.: Restoration Application
LedgerScore Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
Jianxin Yu: Warning Notice (Cayman Islands)
Ling Zhang: Warning Notice (Cayman Islands)
Jolly Capital Ltd.: Directors (Cayman Islands)
Jolly Capital Ltd.: Warning Notice (Cayman Islands)
Harshil Topiwala v. Fred Khalilian et al: Complaint (‘$583K Crypto Investment Guaranty’)
Savannah Midstream Investment Ltd. v. Citibank NA et al: Petition (‘$151M Attempted Theft’)
Ubaydullo Mirvaydulloev v. Sea Ltd. et al: Class Action Complaint
Monoikos Marine Ltd.: Restoration Application
Cayman Spectrum (NZ) Co.: Restoration Application
USA v. Samvel Grigoryan et al: Criminal Complaint (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
Digicel Group Holdings Ltd.: Chapter 15 Petition (Bermuda)
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The post French government publishes report on dual-use goods exports appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – September 13, 2023
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Red Flags Delivered To Your Inbox<!–
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Wednesday, September 13, 2023
Weihua Du v. Shalom Segelman et al: Complaint (‘$550K E-B Investor Immigration Program Fraud’)
Read on OffshoreAlert / Share on Twitter
Complaint in Weihua Du, described as “a Chinese foreign investor who participated in the U.S. Government’s EB-5 investor immigration program” v. Shalom Segelman, Line DC Manager LLC, The Line DC Escrow LLC, Yucaipa U.S. Hospitality Partners, LLC, YAAF II Parallel (U.S. Hospitality Partners), Inc., Adams Morgan Managing Member LLC, Adams Morgan Hotel Holdings LLC, Adams Morgan Hotel JV LLC, Adam Morgan Hotel Members LLC, Adams Morgan Hotel Owner LLC, Milou Chesapeake Regional Center LLC, Yevgeny Samokhleb, and Liu & Bitterman PLLC at the U.S. District Court for the Eastern District of New York.
LedgerScore Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
Read on OffshoreAlert / Share on Twitter
Winding Up Petition in LedgerScore Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described as “retail investors who utilized an online cryptocurrency trading platform operated by the Company called “Freeway”, and who invested in Freeway’s Supercharger program” v. AuBit International at the Grand Court of the Cayman Islands.
Kevin Gelasio v. Haris bin Zafar et al: Complaint (‘$2.5M NFT Crypto Fraud’)
Read on OffshoreAlert / Share on Twitter
Complaint “about a pseudonymous Internet trickster and amateur artist who thinks his quasi-anonymity and modest notoriety allows him to criminally defraud his ostensible friends and business partners, psychologically manipulate and bully them into silence, and unjustly enrich himself at their expense without facing any repercussions” in Kevin Gelasio, described as “a full-time nurse and part-time cryptocurrency trader” v. Haris bin Zafar, described as a citizen and resident of the United Kingdom, and Project Ether Limited, of Hong Kong, at the U.S. District Court for the Northern District of California.
Bianco Capital Ltd.: Restoration Application
Read on OffshoreAlert / Share on Twitter
Originating Application in the matter of Bianco Capital Ltd. at the Grand Court of the Cayman Islands.
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Recent:
Jianxin Yu: Warning Notice (Cayman Islands)
Ling Zhang: Warning Notice (Cayman Islands)
Jolly Capital Ltd.: Directors (Cayman Islands)
Jolly Capital Ltd.: Warning Notice (Cayman Islands)
Harshil Topiwala v. Fred Khalilian et al: Complaint (‘$583K Crypto Investment Guaranty’)
Savannah Midstream Investment Ltd. v. Citibank NA et al: Petition (‘$151M Attempted Theft’)
Ubaydullo Mirvaydulloev v. Sea Ltd. et al: Class Action Complaint
Monoikos Marine Ltd.: Restoration Application
Cayman Spectrum (NZ) Co.: Restoration Application
USA v. Samvel Grigoryan et al: Criminal Complaint (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
Digicel Group Holdings Ltd.: Chapter 15 Petition (Bermuda)
Huntsman Gay Capital Partners Fund GP Ltd. et al v. Rhett Neuenschwander: Complaint (‘$931K Unjust Enrichment’)
CBS Interactive Inc. et al v. World Boxing Council, Inc.: Discovery Application (England)
Natsuhiro Samejima v. BVI Registrar of Corporate Affairs: Restoration Application (SFVI Ltd.)
Accesso Technology Group Plc v. BVI Registrar of Corporate Affairs: Restoration Application (VisionOne Worldwide Ltd.)
<!–
–>
OffshoreAlert London: Dec 4-5
Early Bird: $1,195.00
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The post Europol report on financial crime, including sanctions evasion appeared first on EU Sanctions.
]]>The post Australia makes designations under Iran sanctions regime appeared first on EU Sanctions.
]]>The post EU will not renew sanctions against 3 Russian businessmen appeared first on EU Sanctions.
]]>The post OFAC designates Hizballah associates appeared first on EU Sanctions.
]]>OffshoreAlert Daily Digest – September 12, 2023
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Red Flags Delivered To Your Inbox<!–
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Tuesday, September 12, 2023
Jolly Capital Ltd.: Directors (Cayman Islands)
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Director Details for Jolly Capital Limited, obtained from the Cayman Islands General Registry on September 12th, 2023.
Ling Zhang: Warning Notice (Cayman Islands)
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Warning Notice by the Cayman Islands Monetary Authority that it “proposes to cancel the director registration held by” Ling Zhang, of Beijing, China, for regulatory breaches.
Jolly Capital Ltd.: Warning Notice (Cayman Islands)
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Warning Notice by the Cayman Islands Monetary Authority that it “proposes to cancel” the Securities registration of Jolly Capital Limited for regulatory breaches.
Digicel Group Holdings Ltd.: Chapter 15 Petition (Bermuda)
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Lawrence Hickey, as the Foreign Representative of Digicel Group Holdings Ltd., filed at the U.S. Bankruptcy Court for the Southern District of New York.
CBS Interactive Inc. et al v. World Boxing Council, Inc.: Discovery Application (England)
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Application by CBS Interactive Inc. and Boxing Acquisition Inc. to take discovery from World Boxing Council, Inc. for legal proceedings in England in which “British heavyweight boxer Dillian Whyte has sued the Applicants over two news reports published on the Boxing Scene website in July 2019, which reported on an adverse test result that Whyte received from UK Anti-Doping”, filed at the U.S. District Court for the Southern District of Florida.
USA v. Orlando Contreras Saab: Criminal Information (‘Venezuela Bribery’)
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Criminal Information alleging conspiracy to violate the Foreign Corrupt Practices Act “by engaging in a scheme to bribe Venezuelan officials to obtain and retain contracts and other business advantages, including obtaining multi-million-dollar contracts with entities and instrumentalities owned and controlled by the Venezuelan government for the production, importation, and distribution of food and medicine to the people of Venezuela”, in USA v. Orlando Alfonso Contreras Saab, described as a citizen of Venezuela, at the U.S. District Court for the Southern District of Florida.
Jianxin Yu: Warning Notice (Cayman Islands)
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Warning Notice by the Cayman Islands Monetary Authority that it “proposes to cancel the director registration held by” Jianxin Yu, of Beijing, China, for regulatory breaches.
USA v. Samvel Grigoryan et al: Criminal Complaint (‘Unlicensed Crypto Money Transmitter coinexchange.am’)
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Criminal Complaint alleging the defendants “engaged in unlicensed money transmitting business [coinexchange.am], in that they are exchanging cryptocurrency for funds in the form of United States currency, charging a fee as a percentage of the amount of the transfer” in USA v. Samvel Grigoryan and Hayk Martirosyan, both citizens of Armenia, at the U.S. District Court for the Central District of California.
Ubaydullo Mirvaydulloev v. Sea Ltd. et al: Class Action Complaint
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Class Action Complaint in Ubaydullo Mirvaydulloev v. Sea Limited, described as a Cayman Islands-domiciled, Singapore-based company that is part of a froup that “provides digital entertainment, ecommerce, and digital financial services in Asia, Latin America, and internationally”; Forrest Xiaodong Li, and Tony Tianyu Hou at the U.S. District Court for the District of Arizona.
Monoikos Marine Ltd.: Restoration Application
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Originating Application in the matter of Monoikos Marine Ltd. at the Grand Court of the Cayman Islands.
Harshil Topiwala v. Fred Khalilian et al: Complaint (‘$583K Crypto Investment Guaranty’)
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Complaint alleging failure to honor a “personal guaranty” regarding a $583,500 investment in Harshil Topiwala, a citizen and resident of the United Kingdom v. Fereidoun “Fred” Khalilian and BlockChain Consulting Group, LLC at the Superior Court of the State of California, County of Los Angeles.
Savannah Midstream Investment Ltd. v. Citibank NA et al: Petition (‘$151M Attempted Theft’)
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Petition to enjoin the respondents “from permitting the Republic of Chad and entities acting at its de facto direction to steal the equivalent of over $151 million held in bank accounts with Citibank’s branch in Gabon, which is controlled by Citibank” in Savannah Midstream Investment Limited, of the Bahamas v. Citibank, N.A. and Citigroup, Inc. at the U.S. District Court for the Southern District of New York.
Huntsman Gay Capital Partners Fund GP Ltd. et al v. Rhett Neuenschwander: Complaint (‘$931K Unjust Enrichment’)
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Complaint in Huntsman Gay Capital Partners Fund GP Ltd. and Huntsman Gay Capital Partners Fund Carry Allocation Vehicle L.P., both of the Cayman Islands v. Rhett Neuenschwander, of Alpine, Utah, USA, at the Fourth Judicial District Court for Utah County.
Cayman Spectrum (NZ) Co.: Restoration Application
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Originating Application in the matter of Cayman Spectrum (NZ) Co. at the Grand Court of the Cayman Islands.
Natsuhiro Samejima v. BVI Registrar of Corporate Affairs: Restoration Application (SFVI Ltd.)
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Fixed Date Claim Form regarding SFVI Limited in Natsuhiro Samejima, of Tokyo, Japan v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Accesso Technology Group Plc v. BVI Registrar of Corporate Affairs: Restoration Application (VisionOne Worldwide Ltd.)
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Fixed Date Claim Form regarding VisionOne Worldwide Ltd. in Accesso Technology Group Plc, of England v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Recent:
FTX Trading Ltd. et al v. LayerZero Labs Ltd. et al: Complaint (‘Fraudulent Transfers’)
Coinfinity LLC v. Supplybit LLC: Complaint (‘Crypto Mining Dispute’)
Oleg Koziar et al v. Blammo Ltd. et al: Complaint (‘$669K Blammo Crypto Trading Fraud’)
IIG Structured Trade Finance Fund Ltd. v. Sancor Cooperativas Unidas Ltda. et al: Complaint (‘$61.5M Loans’)
DLE Resource SEZC: Directors (Cayman Islands)
DLE Digital SEZC: Directors (Cayman Islands)
Cayman Enterprise City Ltd. v. DLE Digital SEZC et al: Complaint (‘$15K Unpaid Fees’)
USA v. 489,269.52 Tether: Forfeiture Application (‘$500K Romance Fraud & Crypto Laundering’)
Sabby Volatility Warrant Master Fund Ltd. v. Jupiter Wellness Inc.: Complaint (‘$500K Losses’)
SEC v. Guosheng Qi et al: Complaint (‘Securities Fraud’)
Podium Investments Inc.: Restoration Application
IPCore Technologies Corporation: Restoration Application
E&P Global Holdings Ltd.: ‘Share Reduction’ Petition
G.N. Terminal Enterprises Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Black Sea Partners Ltd.)
Jun Xu v. BVI Registrar of Corporate Affairs: Fixed Date Claim Form (Aquarius International Company Ltd.)
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Cybersecurity Governance: CISO and Board Oversight
The most recent proposed amendment seeks to clarify the definition and role of a chief information security officer (CISO) as well as to make clear that the “senior government body” (as opposed to “board of directors or equivalent” in the previous proposed amendment) must have oversight of a covered entity’s cybersecurity program.
Risk Assessments
The most recent proposed amendment narrows the definition of risk assessment and removes a requirement that Class A companies use external experts to conduct a risk assessment once every three years.
Security Controls
This proposed amendment revised the requirement for Class A companies to implement an automated method of blocking commonly used passwords. Now the amendment only requires this for all accounts on systems owned or controlled by the Class A company and wherever feasible for all other accounts. This change was proposed in response to comments that this requirement, as previously written, might be infeasible for third-party applications and services.
Revised MFA requirement: The proposed amendment strengthened the multi-factor authentication (MFA) requirement but revised the qualified exemption applicable to some small companies. Under the second proposed amendment, MFA would be required for any individual accessing any of the covered entity’s information systems. For small companies that qualify for an exemption, MFA would be required for: (1) remote access to the covered entity’s information systems; (2) remote access to third-party applications, including but not limited to those that are cloud based, from which nonpublic information is accessible; and (3) all privileged accounts other than service accounts that prohibit interactive login.
Incident Response and BCDR Plans
Notice Requirements
The previous version of the proposed amendment required covered entities to provide the superintendent with any information requested regarding the investigation of a cybersecurity event within 90 days of the notice of the event. In response to commentors expressing concern that this deadline could be difficult to meet, NYDFS dropped the 90-day requirement. This provision now reads: “Each covered entity shall promptly provide any information requested regarding such [reportable cybersecurity] event. Covered entities shall have a continuing obligation to update and supplement the information provided.” §500.17(a)(2).
The new proposed amendment, like the previous version, requires covered entities to notify the superintendent within 72 hours from a determination that a cybersecurity event in which an unauthorized user has gained access to a privileged account has occurred. In response to comments that the previous definition of privileged account was too broad when read in conjunction with this notification requirement, the new proposed amendment removed from the definition of privileged account an account that can be used to effect a material change to the technical or business operations of the covered entity.
Under the prior proposed amendment, covered entities were required to submit to the superintendent annually a written acknowledgment that identified all areas, systems and processes that required material improvement, updates, or redesign. Commentors expressed concern that delivering this list to NYDFS would pose a security risk as it would give bad actors a list of prime targets for a cyberattack. Others commented that this notification requirement was overly burdensome. In response, NYDFS removed this notification requirement in this most recent proposed amendment, which instead requires this information to be available for examination and inspection at the request of NYDFS.
What’s Next and What You Can Do Now
NYDFS will review all public comments to the revised second amendment. NYDFS has not announced whether it will propose additional revisions or will finalize the updated regulation, nor has NYDFS announced a timeline for either.
In the meantime, companies can prepare for the updated regulation now by doing the following:
These are all parts of a robust cybersecurity program. Taking action now will place your organization ahead of the game before the amended regulation is final.
]]>OffshoreAlert Daily Digest – September 11, 2023
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Monday, September 11, 2023
FTX Trading Ltd. et al v. LayerZero Labs Ltd. et al: Complaint (‘Fraudulent Transfers’)
Read on OffshoreAlert / Share on Twitter
Complaint in FTX Trading Ltd., an Antigua and Barbuda company that was based in the Bahamas; Maclaurin Investments Ltd., formerly known as Alameda Ventures Ltd., of the Seychelles, and West Realm Shires Services Inc., of Delaware, USA v. LayerZero Labs Ltd., of the British Virgin Islands; Ari Litan, described as a resident of Florida, USA, and Skip & Goose LLC, of Kansas, USA, at the U.S. Bankruptcy Court for the District of Delaware.
DLE Resource SEZC: Directors (Cayman Islands)
Read on OffshoreAlert / Share on Twitter
Director Details for DLE Resource SEZC, obtained from the Cayman Islands General Registry on September 8th, 2023.
DLE Digital SEZC: Directors (Cayman Islands)
Read on OffshoreAlert / Share on Twitter
Director Details for DLE Digital SEZC, obtained from the Cayman Islands General Registry on September 8th, 2023.
Cayman Enterprise City Ltd. v. DLE Digital SEZC et al: Complaint (‘$15K Unpaid Fees’)
Read on OffshoreAlert / Share on Twitter
Complaint for $15,375 in allegedly unpaid fees in Cayman Enterprise City Ltd. v. DLE Digital SEZC and DLE Resource SEZC at the Cayman Islands Summary Court.
IIG Structured Trade Finance Fund Ltd. v. Sancor Cooperativas Unidas Ltda. et al: Complaint (‘$61.5M Loans’)
Read on OffshoreAlert / Share on Twitter
Complaint for “repayment of more than $61,500,000.00” in IIG Structured Trade Finance Fund Limited (in Official Liquidation), of the Cayman Islands v. Sancor Cooperativas Unidas Limitada, of Argentina, and Sancor do Brasil Productos Alimenticios Ltda., of Brazil, at the U.S. Bankruptcy Court for the Southern District of New York.
Coinfinity LLC v. Supplybit LLC: Complaint (‘Crypto Mining Dispute’)
Read on OffshoreAlert / Share on Twitter
Complaint in Coinfinity LLC, of Wyoming v. Supplybit LLC, a Delaware company based in Puerto Rico that “provides cryptocurrency mining services”, at the U.S. District Court for the Northern District of Illinois.
Oleg Koziar et al v. Blammo Ltd. et al: Complaint (‘$669K Blammo Crypto Trading Fraud’)
Read on OffshoreAlert / Share on Twitter
Complaint alleging “Plaintiffs were victimized by cybercriminals who intentionally and unlawfully utilized a fake cryptocurrency trading website called ‘Blammo'”, causing them to lose their “entire retirement portfolio, all of their cash, and … incur at least $250,000.00 in debts” in Oleg Koziar, and Rimma Koziar, described as “retirees of Ukrainian extraction in their 60s” v. Blammo Ltd., Alamas Group Europe OÜ, of Estonia; John Doe and Jane Doe at the U.S. Bankruptcy Court for the Southern District of New York.
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Recent:
USA v. 489,269.52 Tether: Forfeiture Application (‘$500K Romance Fraud & Crypto Laundering’)
Sabby Volatility Warrant Master Fund Ltd. v. Jupiter Wellness Inc.: Complaint (‘$500K Losses’)
SEC v. Guosheng Qi et al: Complaint (‘Securities Fraud’)
Podium Investments Inc.: Restoration Application
IPCore Technologies Corporation: Restoration Application
E&P Global Holdings Ltd.: ‘Share Reduction’ Petition
G.N. Terminal Enterprises Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Black Sea Partners Ltd.)
Jun Xu v. BVI Registrar of Corporate Affairs: Fixed Date Claim Form (Aquarius International Company Ltd.)
First Link Management Services Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (JMC Investments Group Ltd.)
Aabar Investments PJS Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application
Best Grade Ltd. et al v. Cho Kwai Chee: Claim Form (‘HK309M Judgment Enforcement’)
Western Asset Group LLC v. Platinum Property Partners Ltd.: Claim Form (‘$2.1M’)
Gold Eagle Development Ltd. v. AASCFII HyalRoute (Sub) Ltd.: ‘Set Aside’ Application (‘$92M Debt’)
Celsius Network Ltd. v. Equities First Holdings LLC et al: Complaint
Genesis Global Capital LLC v. Digital Currency Group Inc.: Complaint (‘$500M Loans’)
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]]>OffshoreAlert Weekly Digest – September 9, 2023
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