Monday, January 20, 2020

Fraud charges filed over Cayman firm's $30M ICO

Criminal and regulatory charges alleging fraud have been brought in New Jersey against Canadian Boaz Manor and Israeli attorney Edith Pardo regarding a $30 million Initial Coin Offering by BCT Inc. SEZC, of the Cayman Islands.

Equity Power Fund: Shareholder Letter (January 17, 2020)

Shareholder Letter by the Board of Directors of LFP I SICAV SIF S.A., of Luxembourg, providing an update into an investigation into Equity Power Fund for suspected fraud.

Kestrel Insurance Services Ltd.: Civil Penalty

Public Statement announcing the imposition of a civil penalty against insurance broker Kestrel Insurance Services Limited, whose directors during the relevant period were identified as Alan Burrows, Kate Burrows, and Paul Coniglio-Burrows. Research by OffshoreAlert showed that, in its 2019 annual return with the Isle of Man Government, the company's shareholders were identified as Beacon Holdings Ltd., of the Isle of Man; Mark Burrows, of the Isle of Man; Alan Burrows, and Paul Coniglio-Burrows.

IIG Global Trade Finance Fund Ltd.: Chapter 15 Petition

USA v. Boaz Manor et al: Criminal Indictment

Criminal Indictment alleging fraud involving an Initial Coin Offering in USA v. Boaz Manor, of Canada, and Edith Pardo, a.k.a. Edith Pardo Mehler, a.k.a. Edith Mehler, at the U. S. District Court for the District of New Jersey.

SEC v. Boaz Manor et al: Complaint

Complaint alleging fraud involving a $30 million Initial Coin Offering in U. S. Securities and Exchange Commission v. Boaz Manor, a.k.a. Shaun MacDonald, of Toronto, Canada; Edith Pardo, a.k.a. Edith Pardo Mehler, a.k.a. Edith Mehler, of Bloomfield, New Jersey; CG Blockchain, Inc., of New York, NY, and BCT Inc. SECZ, formerly known as BCT Inc., of the Cayman Islands, at the U. S. District Court for the District of New Jersey.

USA v. Tomas Services: Forfeiture Complaint

Forfeiture Complaint regarding funds in an account in the name of Tomas Services at HSBC Bank Plc, in Ilford, England, that are believed to be the proceeds of fraud regarding the sale of a helicopter over the Internet in USA v. £36,201 at the U. S. District Court for the Eastern District of Pennsylvania.

Jeffrey Cooley: Sentencing Announcement

News Release by the United States Department of Justice announcing the sentencing for filing a false tax return of Jeffrey Cooley, described as an owner of Southpac Trust (BVI) Limited.

USA v. Donville Inniss: Finding of Guilt

News Release from the United States Department of Justice announcing that Donville Inniss, described as a "Former Member of Barbados Parliament and Minister of Industry", has been "found guilty" for his role in a bribery scheme that, as previously reported by OffshoreAlert, involved insurers Insurance Corporation of Barbados Ltd., of Barbados, and BF&M Ltd., of Bermuda, which was the majority shareholder of ICBL.

GSR Markets Ltd. et al v. FR8 Network Inc. et al: Complaint

Complaint alleging securities fraud involving an Initial Coin Offering in GSR Markets Ltd., of Hong Kong, described as "a global cryptocurrency market-maker", and Paul Rogers, of Singapore v. FR8 Network Inc., of Delaware; Maximalist Media LLC, d.b.a. Maximalist Ventures, of New York; Jonathan Fox, of New York, and Sloane Brakeville, of California, at the U. S. District Court for the Southern District of New York.

Joseph Ebanks v. iFinex Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud involving Bitcoin cryptocurrency in Joseph Ebanks, of Stow, Ohio v. iFinex Inc., BFXNA Inc., DigFinex Inc., Tether Holdings Limited, Tether Limited, and Tether Operations Limited, all of the British Virgin Islands; Jean-Louis van der Velde, of Hong Kong; Giancarlo Devasini, of France, and Philip Potter, of Ocean Beach, NY, at the U. S. District Court for the Southern District of New York.

Escal UGS SL v. Ruben Juanes et al: Discovery Application

Application by Escal UGS S.L. to take discovery from Ruben Juanes and Bradford H. Hager for use in legal proceedings in Spain regarding the Castor Natural Gas Submarine Storage Project, filed at the U. S. District Court for the District of Massachusetts.

HES (Caribbean) International Holdings SRL v. Northern Trust International Banking Corp.: Discovery Application

Application by HES (Caribbean) International Holdings SRL, of Barbados, to take discovery from The Northern Trust International Banking Corporation regarding Henrique Rodriguez Guillén, a citizen of Venezuela, for use in "contemplated civil and criminal proceedings in the Dominican Republic and Barbados", filed at the U. S. District Court for the District of New Jersey.

SEC v. Gregory Drake et al: Complaint

Complaint alleging fraud in U. S. Securities and Exchange Commission v. Gregory Lamont Drake, Stephen Kenneth Grossman, Stephen Scott Moleski, Jason David St. Amour, and David Alan Wolfson, who allegedly "operated call centers and/or worked in call centers that were engaged in soliciting investors to purchase the securities of numerous microcap companies whose shares traded on the over-the-counter market", at the U. S. District Court for the Central District of California.

CohnReznick LLP v. Mazars USA LLP: Complaint

Complaint alleging that "three former CohnReznick partners - Robert DeMeola, Alan Wohl, and Howard Leung - have hatched a carefully-orchestrated scheme to raid CohnReznick's New York office and are exploiting CohnReznick's confidential and proprietary information to solicit and retain CohnReznick’s clients, partners and employees" in CohnReznick LLP, described as "a national accounting, tax and business advisory firm" v. Mazars USA LLP, of New York, NY, at the U. S. District Court for the Southern District of New York.

Christof Pfaff v. Deutsche Bank AG et al: Discovery Application

Supplemental Petition by Christof Pfaff, of Germany, to take discovery from Deutsche Bank AG, of Germany; DZ Bank AG Deutsche Zentral-Genossenschaftsbank, of Germany, and Commodity Exchange, Inc., d.b.a. COMEX, of New York, for use in legal proceedings in Germany alleging fraud against Deutsche Bank, filed at the U. S. District Court for the Southern District of New York.

Richard Stadtmauer et al v. Mark Nordlicht: Petition

Petition to Confirm Arbitration Award of $14.9 million regarding hedge funds operated by the Platinum Partners group in the Cayman Islands and the United States, in Richard Stadtmauer and Marisa Stadtmauer v. Mark Nordlicht at the U. S. District Court for the Southern District of New York.

XiO Fund LLP v. Silicon Valley Bank: Discovery Application

Application by Gwynn Hopkins, of Perun Consultants Limited, in Hong Kong, and Gordon MacRae, of Kalo (Cayman) Limited, of the Cayman Islands, as Joint and Several Interim Receivers of XiO Fund LLP, of the Cayman Islands, to take discovery from Silicon Valley Bank for use in legal proceedings in the Cayman Islands, filed at the U. S. District Court for the Northern District of California. Editor's Note: This discovery application includes, as an exhibit, a copy of the underlying complaint alleging fraud involving hundreds of millions of dollars that was filed under seal at the Grand Court of the Cayman Islands on May 8th, 2019 and, eight months later, remains sealed as part of the Cayman Court's secretly-imposed mass-sealing policy - implemented by Chief Justice Anthony Smellie - that conceals from public view even the existence of many cases involving allegations of impropriety and insolvency against the jurisdiction's hedge funds.

KTH Capital Management Ltd.: License Revocation

Decision Notice by the Cayman Islands Monetary Authority announcing the license revocation of KTH Capital Management Limited.

Peter Southgate v. Cayman Islands Immigration Appeals Tribunal: Judicial Review

Application for Leave to Apply for Judicial Review in Peter Christopher Southgate, a citizen of the United Kingdom residing in Fort Lauderdale, Florida, where he is "Regional Director of the Americas for the Maritime Authority of the Cayman Islands" v. The Immigration Appeals Tribunal at the Grand Court of the Cayman Islands.

Sally Anne Southgate v. Cayman Islands Immigration Appeals Tribunal: Judicial Review

Application for Leave to Apply for Judicial Review in Sally Anne Southgate, a citizen of the United Kingdom residing in Fort Lauderdale, Florida v. The Immigration Appeals Tribunal at the Grand Court of the Cayman Islands.

IIG Global Trade Finance Fund Ltd. v. TOF Cayman SPV: Winding Up Petition

Winding Up Petition alleging a debt of $15.8 million in IIG Global Trade Finance Fund Ltd. Iin Official Liquidation) v. TOF Cayman SPV at the Grand Court of the Cayman Islands.

SP Video USA Ltd.: Restoration Application

Originating Application in the matter of SP Video USA Limited at the Grand Court of the Cayman Islands.

Joseph Greco v. Scotia International of Nevada Inc. et al: Motion to Compel Discovery

Plaintiff's Motion to Compel Discovery regarding a complaint alleging fraud in Joseph Greco, as the substituted party for The Evolant Blind Trust v. Scotia International of Nevada Inc., of Utah; Max Warren Barber, of Utah; SubGallagher Investment Trust, of Wyoming; Patricia Moore, of Wyoming, individually and as Trustee of SubGallagher Investment Trust, and Michael A. Casey, of Texas, at the U. S. District Court for the Eastern District of Pennsylvania.

Roper Enterprises Ltd. v. Andy's Properties Ltd.: Writ of Summons

Writ of Summons in Roper Enterprises Ltd. v. Andy's Properties Ltd. at the Grand Court of the Cayman Islands.

China Life Trustees Ltd. v. XiO Diamond LP: Winding Up Petition

Winding Up Petition in China Life Trustees Limited, of Hong Kong v. XiO Diamond LP at the Grand Court of the Cayman Islands.

Thong Soon Seng v. Pharmally International Holding Company Ltd. et al: Claim Form

Fixed Date Claim Form in Thong Soon Seng, of Singapore v. Pharmally International Holding Company Limited, of the Cayman Islands; Longterm Lista Limied, of the British Virgin Islands; Wang Mingliang, of China, and Huang Wenlie, of China, at the British Virgin Islands High Court.

Capital WW Investment Ltd. v. Tall Trade Ltd.: Liquidation Application

Originating Application in Capital WW Investment Limited v. Tall Trade Ltd., whose "agent" was identified as Roland Yakovlevich Isaev, at the British Virgin Islands High Court.

Savlamor Investments Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form in Savlamor Investments Limited v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Crypto Asset Fund LLC et al v. Worldwide Asset eXchange et al: Judicial Assistance

Ex Parte Application by Defendants for Judicial Assistance to take discovery from Thomas Graham, described as "an Australian national located in the United Kingdom" regarding an alleged cryptocurrency-based securities fraud in Crypto Asset Fund LLC, of Delaware, and Digital Capital Management LLC, of Delaware v. OPSkins Group Inc., d.b.a. Worldwide Asset eXchange, a Canadian company based in Santa Monica, California; Exposition Park Holdings SEZC, of the Cayman Islands; William Quigley, of California; Jonathan Yantis, of California; John Brechisci, Jr., of California, and Malcolm CasSelle, of California, at the U. S. District Court for the Central District of California.

Mark McDonald et al v. Michael Gubbay: Originating Application

Originating Application in Mark McDonald and Matthew Richardson, both of Grant Thornton, as Liquidators of Tuscola Group Limited (in Liquidation) v. Michael Gubbay, evidently a resident of Israel, at the British Virgin Islands High Court.

Ikana Holdings, S. de RL et al v. Putney Capital Management Ltd. et al: Claim Form

Claim Form for damages of $53 million in Ikana Holdings, S. de R.L., of Panama, and Consorcio Energetico Punta Cana-Macao, SA, of the Dominican Republic v. Putney Capital Management Ltd., of the British Virgin Islands; Basic Energy (BVI) Ltd., now known as Haina Energy Holdings II, of the BVI, and Snapper Investments, Inc., of the Bahamas, at the British Virgin Islands High Court.

Tam Wing Yuen v. Rainbow Field Investment Ltd.: Liquidation Application

Originating Application in Tam Wing Yuen v. Rainbow Field Investment Limited at the British Virgin Islands High Court.

Mao Ru Shiann v. Environetics Design Group International Inc.: Claim Form

Claim Form in Mao Ru Shiann, of Taiwan v. Environetics Design Group International Inc. at the British Virgin Islands High Court.

AMS Holdings Ltd. v. Amstel Investment Holdings Ltd.: Fixed Date Claim Form

Fixed Date Claim Form in AMS Holdings Limited v. Amstel Investment Holdings Limited at the British Virgin Islands High Court.

Erika Porr v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Flor Roxa Corp. in Erika Auta Porr, of Vinhedo, Brazil v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

ST Limited v. RS: Originating Summons

Originating Summons in ST Limited, as Trustee of the Q Trust v. RS at the Grand Court of the Cayman Islands.

China Oil Gangran Energy Group Holdings Ltd.: Winding Up Petition

Winding Up Petition in the matter of China Oil Gangran Energy Group Holdings Limited , described as "an investment holding company" with subsidiaries in Hong Kong, China, and the British Virgin Islands, at the Grand Court of the Cayman Islands.

National Bank of Anguilla (Private Banking & Trust) Ltd. et al v. Eastern Caribbean Central Bank et al: Seventh Status Report

Seventh Joint Status Report in National Bank of Anguilla (Private Banking & Trust) Ltd. v. National Bank of Anguilla Ltd., National Commercial Bank of Anguilla Ltd., and the Eastern Caribbean Central Bank and in Caribbean Commercial Investment Bank Ltd. v. Caribbean Commercial Bank (Anguilla) Ltd., National Commercial Bank of Anguilla Ltd., and Eastern Caribbean Central Bank at the U. S. Bankruptcy Court for the Southern District of New York.

Joycelyn Fahie Peters v. Eileen Parsons: Fixed Date Claim Form

Fixed Date Claim Form in Joycelyn Fahie Peters, as the Personal Representative v. Eileen Parsons at the British Virgin Islands High Court.

Pedro Purcell Vega v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Worldwide Business Corp. in Pedro Jose Purcell Vega v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Cristal Coleman Clark v. CMZ Group Ltd. SEZC et al: Complaint

Complaint alleging malicious prosecution in Cristal Coleman Clark v. Andrew Joseph Zahn, a.k.a. Joe Zahn, a.k.a. Andy Zahn, described as "a resident of Brazil"; Keith Miles, described as "a resident of the Turks & Caicos", and CMZ Group Ltd. SEZC, a.k.a. Sandstone Holdings Ltd., of the Cayman Islands, at the Circuit Court of the Eleventh Judicial Circuit, in and for Miami-Dade County, Florida.

Axis Space LLC v. C-Tech Financial Corp.: Default Motion

Plaintiff's Motion for Default Final Judgment against C-Tech Financial Corp. in Axis Space LLC v. Mark Munnelly, a citizen of Ireland, and C-Tech Financial Corp., of Florida, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.

Butterfield Fiduciary Services (Cayman) Ltd. v. Syed Arif Masood Naqvi et al: Originating Summons

Ex Parte On Notice Originating Summons in Butterfield Fiduciary Services (Cayman) Limited, as Trustee of the Orchid II Trust v. Syed Arif Masood Naqvi, founder of the Abraaj Group and a convicted fraudster in the United Arab Emirates; Fayeeza Naqvi, Syed Ashan Ali Naqvi, and Syed Faaris Ali Naqvi, as Members of the Family Committee of the Orchid II Trust, at the Grand Court of the Cayman Islands.

HM Life Insurance Company et al v. Alpha Re Ltd. et al: Third Amended Complaint

Third Amended Complaint alleging "a coordinated and elaborate scheme to defraud through a complex series of reinsurance transactions, trust agreements, and investment vehicles" in HM Life Insurance Company, of Pennsylvania, and HM Life Insurance Company of New York v. Wilmington Savings Fund Society, FSB, of Delaware; Christiana Trust, of Delaware; Blue Alternative Asset Management LLC, of Delaware; Blue Capital Management, Inc., of Puerto Rico; Regatta Holdings LLC, of New Jersey; Cygnet 001 Master Trust, of Delaware; Cygnet 001 Master Trust Series 2011-A, of Delaware; Cygnet 001 Master Trust Series 2011-C, of Delaware; Cygnet 001 Master Trust Series 2013-A, of Delaware; Alpha Re Limited, of the Cayman Islands; Alpha Re Holdings (Cayman) Limited, of the Cayman Islands; Ability Insurance Company, of Nebraska; Atlantic Specialty Finance Limited, of the Cayman Islands; Blue Elite Fund Limited, of the Cayman Islands; Blue II Limited, of the Cayman Islands; Mark Graham, of New York; Donald Solow, of New Jersey; John Drake, of Ontario, Canada; Edward Brendan Lynch, of the Bahamas, and Gregory Tolaram, of Bermuda, at the Court of Chancery of the State of Delaware.

Joseph Pacini et al v. XiO GP Ltd. et al: Writ of Summons

Writ of Summons in Joseph Pacini, Carsten Geyer, and Fei (Murphy) Qiao v. XiO GP Limited and Xiang (Athene) Li, of Hong Kong, at the Grand Court of the Cayman Islands. Editor's Note: This writ was filed nine months ago (on April 18th, 2019) but was sealed as part of Cayman Islands Chief Justice Anthony Smellie's policy of concealing from the public many cases that contain allegations of wrongdoing and/or insolvency involving hedge funds. It was recently unsealed.

XiO GP Ltd. v. Joseph Pacini et al: Writ of Summons

Writ of Summons in XiO GP Limited v. Joseph Pacini, of Surrey, England; Carsten Geyer, of London, England, and Fei (Murphy) Qiao, of Hong Kong, at the Grand Court of the Cayman Islands. Editor's Note: This writ was filed more than nine months ago (on April 8th, 2019) but was sealed as part of Cayman Islands Chief Justice Anthony Smellie's policy of concealing from the public many cases that contain allegations of wrongdoing and/or insolvency involving hedge funds. It was recently unsealed.

Axis Space LLC v. Mark Munnelly et al: Complaint

Complaint alleging breach of contract in Axis Space LLC v. Mark Munnelly, a citizen of Ireland, and C-Tech Financial Corp., of Florida, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida. Editor's Note: Munnelly was one of the architects of a £40 million-plus investment fraud perpetrated by British group Privilege Wealth, which collapsed after being exposed by OffshoreAlert in 2016, prompting insiders to try to continue the scam via one of the defendants in this lawsuit, C-Tech Financial Corp., which also collapsed after being exposed by OffshoreAlert.

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