Monday, July 1, 2019

Mauritius FSC warns against 'unlicensed' Dubai/Swiss Group offering 'double-digit annual returns'

Dubai-based, Swiss investment manager BearBull Global Investments Group, whose "Leadership" includes a member of the Abu Dhabi Royal Family, has been soliciting investors in Mauritius with offers of double-digit annual returns - without a license, warns the Mauritius Financial Services Commission.

To 'protect investors', Gibraltar Stock Exchange delists bonds by UK's European Investment Grade Properties Plc

Two years after suspending unsecured bonds issued by British firm European Investment Grade Properties Plc "to protect investors", the Gibraltar Stock Exchange has delisted them. Research by OffshoreAlert showed that the firm's chairman, Bodo Laux, is now involved with a cryptocurrency exchange in Dubai.

BVI broker Worldwide Markets and NJ-based CEO swindled $400K from clients, claims SEC

The US SEC has accused British Virgin Islands-domiciled broker-dealer Worldwide Markets Ltd. and its New Jersey-based principal, Thomas Plaut, of misappropriating at least $400,000 from clients, including residents of Costa Rica and Nigeria.

British mining firm seeks evidence from PR consultant in US for damages claim against Serious Fraud Office

London-based mining firm Eurasian National Resources Corporation is seeking evidence from South African public relations consultant Phillip van Niekerk in the U.S. for use in its lawsuit against the U.K.'s Serious Fraud Office for allegedly leaking details of a criminal investigation into bribery and corruption to the media.

Investors in Cayman & Delaware funds swindled out of $2.6M, claims SEC

New Jersey-based investment manager Don LaGuardia has been accused of misappropriating $2.6 million from investors in his group's Frontier Funds, which were domiciled in the Cayman Islands and Delaware.

Syed Pasha v. Pearns Point Property Development et al: Removal

Notice of Removal, including a copy of the complaint alleging securities fraud regarding a project known as 'Pearns Point Property Development' in Antigua and Barbuda, in Syed Habeeb Pasha v. Thomas Viscosi, Shelly Berensen, Atlantic Capital Limited, of Antigua and Barbuda; Pearns Point Property Development, Last Mile Solutions, LLC, Orange Limited, of Antigua and Barbuda; and Orange International Limited Development, of Antigua and Barbuda, at the U. S. District Court for the Central District of California.

USA v. Milenyum Energy SA et al: Forfeiture Complaint

Forfeiture Complaint in USA v. Funds in the names of Milenyum Energy SA, domiciled in Panama, based in Turkey, and Blue Energy Trade Ltd. Company, domiciled in St. Kitts and Nevis, based in Turkey, regarding a suspected scheme to launder via U.S. correspondent banks to evade U.S. sanctions concerning Syria, at the U. S.District Court for the District of Columbia.

Zelezara Smedervo d.o.o.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Serbia by the Serbian Bankruptcy Supervision Agency, as the Foreign Representative of Zelezara Smedervo d.o.o., at the U. S. Bankruptcy Court for the Southern District of New York.

Jersey Attorney General v. Richard Arthur: Judgment

Judgment regarding the seizure of proceeds of crime in The Attorney General of Jersey, in the Channel Islands v. Richard David Arthur, who was convicted of fraud, at the Royal Court of Jersey, in the Channel Islands.

Bruce McNaught: Prohibition Order

Prohibition Order by the Guernsey Financial Services Commission regarding Bruce David McNaught.

Elizabeth Mazzucchelli v. Alejandro Socol: Discovery Application (Merrill Lynch & Co.)

Application on behalf of the First Circuit Family Court No. 6 in San Isidro, Argentina to take discovery from Merrill Lynch & Co. for use in divorce proceedings in Argentina between Elizabeth Boehler Mazzucchelli v. Alejandro Javier Socol, filed at the U. S. District Court for the Middle District of Florida.

Elizabeth Mazzucchelli v. Alejandro Socol: Discovery Application (City National Bank of Florida)

Application on behalf of the First Circuit Family Court No. 6 in San Isidro, Argentina to take discovery from City National Bank of Florida for use in divorce proceedings in Argentina between Elizabeth Boehler Mazzucchelli v. Alejandro Javier Socol, filed at the U. S. District Court for the Southern District of Florida.

SEC v. Jason Sugarman: Complaint

Complaint alleging securities fraud involving, inter alia, insurers in Bermuda and Liechtenstein in U. S. Securities and Exchange Commission v. Jason Sugarman, a former officer and director of Bermuda-based insurance firm Valor Group Ltd., at the U. S. District Court for the Southern District of New York.

Doosan Heavy Industries and Construction Co., Ltd. v. Liberty Maritime Corp.: Discovery Application

Application by Doosan Heavy Industries and Construction Co., Ltd., of South Korea, to take discovery from Liberty Maritime Corporation for use in legal proceedings in Egypt involving Damietta International Port Company S.A.E., of Egypt, and Kuwait Gulf Link Ports International, a.k.a. KGL International For Ports, Warehousing and Transport K.S.C.C., of Kuwait, at the U. S. District Court for the Eastern District of New York.

Applied Plasmonics International Ltd.: Restoration Application

Originating Application in the matter of Applied Plasmonics International Ltd. at the Grand Court of the Cayman Islands.

9REN Holding Sarl v. Spain: Complaint

Complaint to enforce an arbitral award in 9REN Holding Sarl, of Luxembourg, v. The Kingdom of Spain at the U. S. District Court for the District of Columbia.

SEC v. Worldwide Markets Ltd. et al: Complaint

Complaint alleging fraud in U. S. Securities and Exchange Commission v. Worldwide Markets Ltd., of the British Virgin Islands; TAB Networks Ltd., of New Jersey, and Thomas E. Plaut, of New Jersey, at the U. S. District Court for the District of New Jersey.

Fulcrum Diversified Income Note Fund: Court Supervision Petition

Petition for Court Supervision of a Voluntary Liquidation in Christopher Kennedy, of the Cayman Islands, and Neil Hayward, of Dubai, v. Fulcrum Diversified Income Note Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

eHi Car Services Ltd.: Petition

Petition regarding determining fair value of shares held by Dissenting Shareholders in the matter of eHi Car Services Limited, which operates a car rental and car services business in China, at the Grand Court of the Cayman Islands.

BearBull Global Investments Group Ltd. et al: Investor Alert

Investor Alert by the Mauritius Financial Services Commission regarding GEODE Group and BearBull Global Investments Group Limited.

CONCACAF v. Jack Warner: Default Judgment

Default Judgment in The Confederation of North, Central American and Caribbean Association Football, a.k.a. CONCACAF v. Austin Jack Warner, of Trinidad and Tobago, at the U. S. District Court for the Eastern District of New York.

Elaine Johnson v. USA: Complaint

Complaint alleging the wrongful death of former Turks and Caicos Islands-based, Canadian private investigator Cullen Johnson while serving a prison sentence for money laundering conspiracy in a U.S. federal prison in Elaine Johnson, a.k.a. Elaine White, his widow, of Canada, also a convicted criminal, v. USA at the U. S. District Court for the Eastern District of North Carolina.

Pinless Communications Inc. v. Impex Communications Ltd.: Complaint

Complaint in Pinless Communications Inc., of Pennsylvania v. Impex Communications Ltd., of England and Wales, at the U. S. District Court for the Eastern District of New York.

Pinless Communications Inc. v. Prime Global Communications (UK) Ltd.: Complaint

Complaint in Pinless Communications Inc., of Pennsylvania, v. Prime Global Communications (UK) Ltd., of England and Wales, at the U. S. District Court for the Eastern District of New York.

Sarga International Ltd. v. JSC Murmansk Shipping Company: Complaint

Complain in Sarga International Limited, of the Marshall Islands v. JSC Murmansk Shipping Company, of Russia, as owner of the M/V Pomorye, at the U. S. District Court for the Eastern District of Louisiana.

SEC v. Donald LaGuardia, Jr.: Complaint

Complaint alleging fraud involving funds in Delaware and the Cayman Islands, where the group's registered agent was Ogier Fiduciary Services (Cayman) Ltd., in U. S. Securities and Exchange Commission v. Donald LaGuardia, Jr., of New Jersey, at the U. S. District Court for the Southern District of New York.

REDS Caribbean Ltd.: Discovery Application (RBC Royal Bank)

Application by Mark McDonald and David Holukoff, as Joint Official Liquidators of REDS Caribbean Ltd. to take discovery from RBC Royal Bank regarding individuals and entities in the British Virgin Islands, Singapore, Trinidad and Tobago, and the United Kingdom for use in legal proceedings in Trinidad and Tobago, filed at the U. S. District Court for the Eastern District of New York.

Delta FS Ltd. v. Marathon Structured Finance Feeder Fund Ltd.: Petition

Petition in Delta FS Limited v. Marathon Structured Finance Feeder Fund Ltd. at the Grand Court of the Cayman Islands.

Delta FS Ltd. v. Marathon Structured Finance Fund Ltd.: Petition

Petition in Delta FS Limited v. Marathon Structured Finance Fund Ltd. at the Grand Court of the Cayman Islands.

Francesco Zanghi et al v. Piergraziano Ritella et al: Complaint

Complaint alleging securities fraud and RICO in Francesco Zanghi and Zanghi LLC v. Piergraziano Ritella, of New York; Futura Hospitality LLC, of New York; Giuseppe Cavallaro, Alessandro Vacca, Studio Legale Cavallaro, and Gioia e Vita Sarl, all of Italy, at the U. S. District Court for the Southern District of New York.

Eurasian Natural Resources Corporation Ltd. v. Phillip Van Niekerk: Discovery Application

Application by Eurasian Natural Resources Corporation Limited, of England and Wales, to take discovery from Phillip Van Niekerk for use in a lawsuit brought in England by ENRC against the Serious Fraud Office, of the United Kingdom, "that arises out of a series of leaks by the Serious Fraud Office of the Government of the United Kingdom in relation to the SFO's investigation of ENRC", which involves suspected bribery and fraud, filed at the U. S. District Court for the District of Maryland.

Keithley Lake et al v. Richard Vento et al: Appeal Judgment

Judgment in Keithley Lake, Fidelity Insurance Co. Ltd., Alliance Royalties Inc., and Westminster Hope & Turnberry Ltd. v. Richard Vento, Lana Vento, Gail Vento, Renee Vento, Nicole Mollison, and First Nevis Trust Company Limited, as Trustee of Much Love International Dynasty Trust, Vita International Dynasty Trust, Loki International Dynasty Trust, and Founders International Dynasty Trust, at the Court of Appeal for Anguilla.

Windemere Ltd.: Restoration Application

Originating Application in the matter of Windemere Ltd. at the Grand Court of the Cayman Islands.

Amun Strategic Inc. v. Cayman Islands Registrar of Companies: Restoration Application

Originating Application in Amun Strategic Inc. v. The Registrar of Companies at the Grand Court of the Cayman Islands.

Banco do Brasil SA v. Alumini Ingenieria Ltda et al: Summary Judgment Motion

Notice of Motion for Summary Judgment in Lieu of Complaint in Banco do Brasil SA v. Alumini Ingenieria Ltda and Alumini Engenharia S.A., both of Brazil, at the Supreme Court of the State of New York, County of New York.

Prasan PTC Ltd. v. Global Steel Holdings Ltd.: Judgment

Judgment in Prasan PTC Limited, of the British Virgin Islands, as Trustee of the Prasan Trust v. Global Steel Holdings Limited (in Liquidation), of the Isle of Man, at the British Virgin Islands High Court.

Girobank NV et al v. David Hu et al: Amended Complaint

Amended Complaint alleging fraud in Girobank N.V. and Girobank International N.V., both of Curaçao, v. David Hu, of New Jersey; Martin Silver, of New Jersey; The International Investment Group LLC, of New Jersey; TOF Cayman SPV, of the Cayman Islands; IIG TOF B.V., of the Netherlands; TOF Management Foundation, of Curaçao; The Venezuela Recovery Fund N.V., of Curaçao; IIG Bank (Malta) Ltd., of Malta; Trade Finance Partners Ltd. S.A., of Panama, formerly of the British Virgin Islands, and Trade Finance Funding I Ltd., of the Cayman Islands, at the Supreme Court of the State of New York County.

Caledonian Bank Ltd.: Status Report - May 31, 2019

Status Report in the matter of Caledonian Bank Limited, of the Cayman Islands, at the U. S. Bankruptcy Court for the Southern District of New York.

Girobank NV et al v. David Hu et al: Motion to Dismiss

Notice of Motion to Dismiss Complaint by The International Investment Group LLC, David Hu, and Martin Silver in Girobank N.V. and Girobank International N.V., both of Curaçao, v. David Hu, of New Jersey; Martin Silver, of New Jersey; The International Investment Group LLC, of New Jersey; TOF Cayman SPV, of the Cayman Islands; IIG TOF B.V., of the Netherlands; TOF Management Foundation, of Curaçao; The Venezuela Recovery Fund N.V., of Curaçao; IIG Bank (Malta) Ltd., of Malta; Trade Finance Partners Ltd. S.A., of Panama, formerly of the British Virgin Islands, and Trade Finance Funding I Ltd., of the Cayman Islands, at the Supreme Court of the State of New York County.

Proema Automotiva SA et al v. Citibank et al: Discovery Application

Application by Fernando Celso de Aquinho Chad, as Judicial Administrator in Bankruptcy of Proema Automotiva SA, Bowden Industrial Ltda., and Interamna Patricipações SA, to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank Plc, Deutsche Bank Trust Co. Americas, Bank of Nova Scotia, Wells Fargo Bank, N.A., UBS AG;Bank of America, N.A., Standard Chartered Bank, Commerzbank AG, Bank of China USA – New York Branch, Safra National Bank of New York, and The Clearing House Payments Company LLC for use in bankruptcy proceedings in Brazil, where the debtors' beneficial owner, Paolo Paparoni, is suspected of fraud, filed at the U. S. District Court for the Southern District of New York.

REDS Caribbean Ltd.: Discovery Application (Wells Fargo Bank et al)

Application by Mark McDonald and David Holukoff, as Joint Official Liquidators of REDS Caribbean Ltd., to take discovery from Wells Fargo Bank, Bank of Baroda, and The Federal Reserve Bank of New York regarding individuals and legal entities in the British Virgin Islands, Singapore, Trinidad and Tobago, and the United Kingdom for use in legal proceedings in Trinidad and Tobago, filed at the U. S. District Court for the Southern District of New York.

Dina Hlace v. BB&T Corp. et al: Discovery Application

Application by Dina Hlace to take discovery from BB&T Corporation, Citigroup Inc., HSBC USA Inc., and JPMorgan Chase & Co. regarding Roberto Hlace and HM Brokers Irrevocable Trust for use in legal proceedings in Argentina, filed at the U. S. District Court for the Southern District of Florida.

Kathryn Ma Wai Fong v. Kie Yik Wong et al: Judgment

Judgment in Kathryn Ma Wai Fong, as trustee and beneficiary of the Estate of the late Kie Nai Wong, v. Kie Yik Wong, Kie Chie Wong, and Successful Trend Investments Corporation at the British Virgin Islands High Court.

Recent:

FuturesOne Innovative Fund SPC Ltd. et al: Judgment
Maria Perez v. Tamara Toma: Discovery Application
Estate of Vince Richter v. San Diego County Credit Union: Discovery Application
Vida Financial Services Ltd. et al: Variation of Prohibition Orders
Paris Michele: Prohibition Order