Saturday, February 6, 2021

BVI sues former US legal rep. Lester Hyman for $7M, alleging fraud & corruption

The British Virgin Islands Government has sued its former long-time US-based legal representative, Lester Hyman, for alleged fraud and corruption after it claims to have lost its entire $7.2 million investment in a failed attempt to start an airline service between the BVI and Miami.

Walkers law firm overturns Brazilian bankers' Cayman judgment

Walkers law firm in the Cayman Islands has successfully appealed a summary judgment that was entered against it in favor of former clients - two Brazilian bankers and related companies - who are seeking damages of up to $400 million for alleged breaches of trust, loyalty, and confidence.

Thai SEC files criminal complaint against deVere Group firms & former officer Ian McIntyre

Thailand's Securities and Exchange Commission has filed a criminal complaint against two companies that are part of the deVere Group and one of its former officers, British national Ian McIntyre, for allegedly operating without a securities license.

Luckin Coffee Inc.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Alexander Lawson and Wing Sze Tiffany Wong, both of Alvarez & Marsal, as the Foreign Representatives of Luckin Coffee Inc., at the U. S. Bankruptcy Court for the Southern District of New York.

Bulgaria: Wells Fargo Bank (2021)

Application for the appointment of a Commissioner to collect evidence from Wells Fargo Bank - pursuant to a request for judicial assistance from Bulgaria - for a criminal investigation into "unknown subjects for fraud".

SEC v. GPB Capital Holdings LLC et al: Complaint

Complaint alleging a $1.7 billion "Ponzi-like scheme" involving "approximately 17,000 retail investors" in U. S. Securities and Exchange Commission v. GPB Capital Holdings LLC, Ascendant Capital LLC, Ascendant Alternative Strategies LLC, David Gentile, Jeffry Schneider, and Jeffrey Lash at the U. S. District Court for the Eastern District of New York.

Smartmatic USA Corp. et al v. Fox Corporation et al: Complaint

Complaint seeking damages of $2.7 billion "for defamation and disparagement" in Smartmatic USA Corp., described as "an election technology and software company", of Boca Raton, Florida, USA; Smartmatic International Holding B.V., of the Netherlands, and SGO Corporation Limited, of England v. Fox Corporation, Fox News Network LLC, Lou Dobbs, Maria Bartiromo, Jeanine Pirro, Rudolph Giuliani, and Sidney Powell at the Supreme Court of the State of New York, County of New York.

SEC v. Lev Parnas et al: Complaint

Complaint alleging "an investment offering fraud" in U. S. Securities and Exchange Commission v. Lev Parnas, of Boca Raton, Florida, and David Correia, of West Palm Beach, Florida, at the U. S. District Court for the Southern District of New York.

Yichen Zhou et al v. Homewin Management LLC et al: Complaint

Complaint alleging fraud regarding an investment scheme "for the purpose of obtaining immigrant visas pursuant to the United States EB-5 investor visa program" in Yichen Zhou, Mengqiu Zhu, Ren Zhou, Chao Wang, Yanting Dong, Yiyang Zhou, Lexia Ma, and Qingren Kong, all described as citizens of China v. Homewin Management LLC, of California; Kwok Yue 'Mickey' Cheng, Loyal Colour Company Ltd., of the British Virgin Islands, and LA Downtown Investment LP, of California, at the Superior Court for the State of California, County of Los Angeles.

PJSC National Bank Trust v. Natalia Pirogova et al: Complaint

Complaint "to undo the fraudulent conveyances" in PJSC National Bank Trust, of Russia v. Natalia Pirogova, of Russia; NMP-Group LLC, Madison 33 Owner LLC, Luiza Dubrovsky, 172 Madison NP Holding LLC, 172 Madison NP Member LLC, Madison 33 Partners LLC, FGP 1 LLC, Serhii Yefimtsev, M Investment Capital LLC, Mark Shvartsburd, and Alexander Forkosh at the Supreme Court of the State of New York, County of New York.

Remcoda LLC v. Ridge Hill Trading (Pty) Ltd. et al: Complaint

Complaint alleging a $4.6 million fraud involving Personal Protection Equipment to protect against COVID-19 in Remcoda LLC v. Ridge Hill Trading (Pty) Ltd., of Melbourne, Australia; Ataraxia Capital Partners Pty Ltd., of Sri Lanka; De Raj Group AG, of Germany; Petrichor Capital SDN BHD, of Malaysia; Petrichor Capital Trading Limited, of the United Kingdom; Vaidyanathan Mulandram Nateshan, described as a resident of India; Gayathri Vaidyanathan, described as a resident of India; Menusha Gunawardhana, described as a resident of Sri Lanka, and Vincent Fletcher, described as a resident of the United Kingdom, at the U. S. District Court for the Southern District of New York.

Credit Suisse AG et al v. Colleen Graham: Petition to Enjoin Arbitration

Petition to Enjoin Arbitration in Credit Suisse AG, of Zurich, Switzerland, and Lara Warner, described as "Credit Suisse AG's Chief Risk and Compliance Officer, who resides in Zurich, Switzerland" v. Colleen A. Graham, of Manhasset, New York, at the U. S. District Court for the Southern District of New York.

Green Mountain Holdings (Cayman) Ltd. v. La Hacienda Bufeis LLC et al: Complaint

Complaint in Green Mountain Holdings (Cayman) Ltd., described as a Cayman Islands company based in Miami v. La Hacienda Bufeis LLC, Maria Simon, and Harry Simon at the U. S. District Court for the Eastern District of New York.

William Laggner et al v. Uphold Ltd.: Winding Up Petition

Winding Up Petition in William Laggner, Bearing Ventures LLC, Innovasia Capital Partners LP, West End Capital II LLC, Charles Simmons, Peter Kearns, Eric Samra, Noam Eliahu, and Michael Zaitsev, all of the USA v. Uphold Ltd., which "operates in the cryptocurrency and blockchain industry", at the Grand Court of the Cayman Islands.

East Asian Consortium BV v. Bank of America et al: Discovery Application

Application by East Asian Consortium B.V., of the Netherlands, to take discovery from the New York branches of Bank of America, N.A., Bank of New York Mellon, BNP Paribas USA, China Construction Bank, Citibank N.A., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., MashreqBank PSC, Standard Chartered Bank, and Wells Fargo Bank, N.A. for use in legal proceedings in South Africa "against MTN Group Ltd., MTN International (Mauritius) Ltd., Mobile Telephone Networks Holding (Pty) Limited, MTN International (Pty) Ltd., Phutuma Freedom Nhleko, and Irene Charnley", filed at the U. S. District Court for the Southern District of New York.

Equite Capital Pte Ltd. v. S&P Global Inc. et al: Writ of Summons

Writ of Summons in Equite Capital Pte Limited, of Singapore, described as "the rightful owner of all right, title and interest in claims or causes of action of the Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. (In Official Liquidation) and the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd. (In Official Liquidation)" v. S&P Global Inc. and Standard & Poor's International LLC, both of New York, NY, USA, at the Grand Court of the Cayman Islands.

William B. Federman Living Trust Trust No. 1 v. S&P Global Inc. et al: Class Action Complaint

Class Action Complaint regarding Bermuda-domiciled, London-based IHS Markit Ltd. in William B. Federman Living Trust Trust No. 1 v. S&P Global Inc., Richard E. Thornburgh, Marco Alvera, William J. Amelio, William D. Green, Charles E. Haldeman, Jr., Stephanie C. Hill, Rebecca Jacoby, Monique F. LeRoux, Ian Paul Livingston, Maria R. Morris, Douglas L. Peterson, Edward B. Rust, Jr., and Kurt L. Schmoke at the U. S. District Court for the Central District of California.

Walkers v. Arnage Holdings Ltd. et al: Appeal Judgment

Judgment allowing Cayman Islands law firm Walkers' appeal against summary judgment that was previously obtained by two Brazilian bankers and related companies in Walkers v. Arnage Holdings Limited, Brooklands Holdings Limited, East Farthing Holdings Limited, Katia Rabello, and Fernando Toledo at the Court of Appeal of the Cayman Islands.

Goldenburg Group Ltd.: €270K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Goldenburg Group Limited has paid €270,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Goldenburg Group Ltd. was incorporated in Cyprus on January 7th, 2014 and its directors are Matej Homola, Antonis Christoforou, Antreas Sieritis, Christos Avgoustinos, Ivor Lehotan, and Marinos Charalampous.

SEC v. Kristijan Krstic et al: Complaint

Complaint alleging securities fraud based around cryptocurrency in U. S. Securities and Exchange Commission v. Kristijan Krstic, a.k.a. Felix Logan, described as "a Serbian-Australian national who was domiciled in the Philippines"; John DeMarr, and Robin Enos at the U. S. District Court for the Eastern District of New York.

Omar Alghanim v. Milbank LLP: Discovery Application

Application by Omar Alghanim, described as "a Kuwaiti businessperson", to take discovery from Milbank LLP, described as "a major law firm in Manhattan", for use in "litigation in a Kuwaiti court with his father, Kutayba Alghanim, also a Kuwaiti businessperson", filed at the U. S. District Court for the Southern District of New York.

Espirito Santo Financial Portugal v. Centerbridge Partners LP et al: Discovery Application

Application by Pedro Pidwell, as liquidator of Espirito Santo Financial Portugal, SGPS, SA, described as "an insolvent Portuguese entity and a remnant of what was once the Espirito Santo Group, a 150-year old Portuguese commercial dynasty that collapsed in 2014 amid a financial crisis and allegations of fraud, accounting irregularities, and money laundering involving its former Chairman, Ricardo Espirito Santo Salgadoto", take discovery from Centerbridge Partners LP and Apollo Global Management Inc., f.k.a. Apollo Global Management LLC, for use in legal proceedings in Portugal, filed at the U. S. District Court for the Southern District of New York.

CFTC v. John Gorman III: Complaint

Complaint alleging that "a U.S. dollar swaps trader and managing director of a global investment bank, trading from Tokyo, Japan for a U.S. affiliate of the Bank, engaged in a scheme to deceive and to manipulate the price of U.S. dollar interest rate swap spreads published on a screen displaying prices from a swap execution facility broker firm in the United States" in Commodity Futures Trading Commission v. John Patrick Gorman III, described as a citizen of the United States residing in the United Kingdom, at the U. S. District Court for the Southern District of New York.

Solax Energia Altiplano SA de CV et al v. Ithuba Credit Corp. et al: Complaint

Complaint alleging, inter alia, fraud in Solax Energia Altiplano SA de CV, of Mexico, and Solax Energy LLC v. Ithuba Credit Corporation, Ithuba Savings and Credit, of South Africa; Ithuba Investment Bank and Statutory Trust, Ithuba Business Advisory Services Inc., Ithuba Holdings Inc., ISCC Group of Companies, of South Africa; Jean Bilala, and Sefudi Paul Maleka, both described as citizens of South Africa, at the U. S. District Court for the Southern District of New York.

Purdue Pharma LP et al v. Chubb Bermuda et al: Complaint

Complaint regarding insurance coverage for "the staggering costs of litigating an increasing number of claims seeking to hold them liable for their alleged role in creating and perpetuating the nationwide opioid crisis" in Purdue Pharma LP, Purdue Pharma Inc., Purdue Pharma Manufacturing LP, Purdue Pharmaceuticals LP, Purdue Transdermal Technologies LP, Purdue Pharmaceutical Products LP, Purdue Pharma of Puerto Rico, Rhodes Pharmaceuticals LP, Rhodes Technologies, and Avrio Health LP v. AIG Specialty Insurance Company (f/k/a American International Specialty Lines Insurance Company), Allied World Assurance Company, Ltd., American Guarantee and Liability Insurance Company, American International Reinsurance Company (f/k/a Starr Excess Liability Insurance International Limited), Arch Reinsurance Ltd., Aspen American Insurance Company, Certain Member Companies of the International Underwriting Association of London Subscribing to Policy No. 823/KE0002108, Chubb Bermuda Insurance Ltd. (f/k/a ACE Bermuda Insurance Ltd.), Evanston Insurance Company, Gulf Underwriters Insurance Company, HDI Global SE (f/k/a Gerling-Konzern General Insurance Company), Ironshore Specialty Insurance Company (f/k/a TIG Specialty Insurance Company), Liberty Insurance Corporation, Liberty Mutual Fire Insurance Company, Liberty Mutual Insurance Company, Liberty Mutual Insurance Europe SE (f/k/a Liberty International Insurance Company), National Union Fire Insurance Company of Pittsburgh, PA, Navigators Specialty Insurance Company, North American Elite Insurance Company, St. Paul Fire and Marine Insurance Company, Steadfast Insurance Company, Swiss Re International S.E. (f/k/a SR International Business Insurance Company also f/k/a Zurich Reinsurance (London) Limited, Tenecom Limited (f/k/a Winterthur Swiss Insurance Company), XL Bermuda Ltd. (f/k/a XL Insurance Company, Ltd.), and XL Insurance America, Inc. at the U. S. Bankruptcy Court for the Southern District of New York.

LC YF Investments LLC v. Paradise One Corporation et al: Mortgage Foreclosure Complaint

Mortgage Foreclosure Complaint in LC YF Investments LLC v. Paradise One Corporation, of the British Virgin Islands; Claudio Rossi Zampini, of Brazil; 2000 Island Boulevard Condominium Association Inc., and Williams Island Property Owners' Association, Inc. at the Circuit Court of the eleventh Judicial Circuit, in and for Miami-Dade County, Florida.

Harrington Global Opportunity Fund Ltd. v. CIBC World Markets Corp. et al: Complaint

Complaint alleging "Defendants' market manipulation scheme involving spoofing and abusive naked short selling that caused Harrington to lose tens of millions of dollars in connection with its sale of approximately 9 million shares of Concordia International Corp." in Harrington Global Opportunity Fund Limited, described as "a Bermuda investment company" managed by Harrington Global Limited v. CIBC World Markets Corp., CIBC World Markets Inc., Bank of America Securities Inc., Merrill Lynch Canada Inc., Merrill Lynch Professional clearing Corp., TD Securities Inc., TD Securities (USA) LLC, Cormark Securities Inc., UBS Financial Services Inc., UBS Securities Canada Inc., Société Générale Capitale Canada Inc., and SG Americas Securities LLC at the U. S. District Court for the Southern District of New York.

deVere & Partners (Thailand) Ltd. et al: Criminal Complaint

Public Announcement by Thailand's Securities and Exchange Commission that it has filed a criminal complaint against deVere & Partners (Thailand) Ltd., Broadgate Mutual Fund Brokerage Securities (Thailand) Co. Ltd., d.b.a. Broadgate Securities, and Fredrick Ian McIntyre, a citizen of the United Kingdom, for allegedly operating a securities business without a license.

Kamal Bitmouni v. Paysafe Ltd.: Class Action Complaint

Class Action Complaint alleging "failure to properly secure and safeguard personal identifiable information that Defendant required from its customers as a condition of providing online payment services, including without limitation, names, contact details, Social Security numbers, and bank account information" in Kamal Bitmouni v. Paysafe Limited, of Bermuda, at the U. S. District Court for the Northern District of California.

Yellow River Delta Fund Ltd. v. VQR Multistrategy Cayman Feeder Fund Ltd.: Winding Up Petition

Winding Up Petition in Yellow River Delta Fund Ltd. v. VQR Multistrategy Cayman Feeder Fund Ltd. at the Grand Court of the Cayman Islands.

Yellow River Delta Fund Ltd. v. Virgil Sigma Fund LP: Winding Up Petition

Winding Up Petition in Yellow River Delta Fund, Ltd. v. Virgil Sigma Fund LP at the Grand Court of the Cayman Islands.

Omni Bridgeway Ltd. v. GBC Oil Company Ltd.: Winding Up Petition

Winding Up Petition in Omni Bridgeway Limited, a litigation funder domiciled in Australia v. GBC Oil Company Ltd. at the Grand Court of the Cayman Islands.

Slovenia: Matjaz Ferk

Complaint for the extradition of Matjaz Ferk, a.k.a. Matt Ferk, from the USA to Slovenia to face allegations of fraud and tax evasion, filed at the U. S. District Court for the Eastern District of Tennessee.

BVI Attorney General v. Lester Hyman: Claim Form

Claim Form alleging fraud and corruption involving "a project to establish a new direct air service between the BVI and Miami in the United States" in The Attorney General of the British Virgin Islands v. Lester Hyman, described as a citizen of the United States residing in Washington, DC, at the British Virgin Islands High Court.

Zim Integrated Shipping Services Ltd. v. M/V E.R. Tianping: Discovery Application

Application by Zim Integrated Shipping Services Ltd., of Israel, to take discovery from representatives of M/V E.R. Tianping, described as "a Liberian-flagged containership", for use in legal proceedings in Israel, London, and New York, filed at the U. S. District Court for the Western District of Washington.

Zaif Inc. v. Binance Holdings Ltd. et al: Complaint

Complaint alleging "the laundering of stolen cryptocurrency" in Zaif Inc., described as "a Japanese cryptocurrency exchange" v. Binance Holdings Ltd., a Cayman Islands company described as "a 'go-to' location for cybercriminals to convert purloined cryptocurrency to other cryptocurrency or cash", and BAM Trading Services Inc. at the Superior Court of the State of California, County of San Francisco.

Naveen Aggarwal v. BVI Registrar of Companies: Restoration Application

Fixed Date Claim Form regarding Virtual Channel Ltd. in Naveen Aggarwal, of Bloomingdale, Illinois, USA v. The Registrar of Companies at the British Virgin Islands High Court.

Safehaven International Ltd. et al: Details of Penalties

Public Statement by the Guernsey Financial Services Commission providing more details about previously-announced penalties on Safehaven International Limited, Richard John Bach, Tracey Jane Ozanne, David Charles Housley Whitworth, Michael John Good, and Stephen John Dickinson.

Francis Laratta v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Stealth International Communications Limited in Francis Laratta, of London, England v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Luis Felipe Mira v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Armata Blue Inc. in Luis Felipe Mira v. Registrar of Corporate Affairs at the British Virgin Islands High Court.

Zhiqian Peng et al v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding an unidentified company in Zhiqian Peng and Lihao Peng, as Administrators of the Estate of Sujuan Li, of China v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Abbas Ibrahim Yousef Al-Yousef v. ASI Global Investments Inc. et al: Stop Notice

Stop Notice in Abbas Ibrahim Yousef Al-Yousef, of Dubai v. ASI Global Investments Inc. and CCS Trustees Limited at the British Virgin Islands High Court.

Tatty Sentoso v. Xiang Xiang Ltd. et al: Restoration Application

Fixed Date Claim Form in Tatty Sentoso v. Xiang Xiang Limited and The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Tatty Sentoso v. Able Investment Co. Ltd.: Restoration Application

Fixed Date Claim Form in Tatty Sentoso v. Able Investment Co. Limited and The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Island Triangle Ltd. et al v. OTG JVD Ltd. et al: Fixed Date Claim Form

Fixed Date Claim Form in Island Triangle Limited and William Robert Landis v. The Registrar of Lands and OTG JVD Limited at the British Virgin Islands High Court.

Aramo Corporate Services Inc. v. Ursuline Joseph: Fixed Date Claim Form

Fixed Date Claim Form seeking to set aside an award by the Labour Arbitration Tribunal in Aramo Corporate Services Inc. v. Ursuline Joseph at the British Virgin Islands High Court.

Michael Wilson & Partners Ltd. v. Goldensun Assets Ltd. et al: Restoration Application

Claim Form in Michael Wilson & Partners Limited v. Goldensun Assets Limited (in Liquidation) and the BVI Registrar of Corporate Affairs at the British Virgin Islands High Court.

Briefline Assets Ltd. v. Belfast Services SA: Stop Notice

Stop Notice in Briefline Assets Limited, of the Seychelles v. Belfast Services S.A. at the British Virgin Islands High Court.

Kong Hin Sze Vincent v. Royce Investments Inc.: Stop Notice

Stop Notice in Kong Hin Sze Vincent, formerly known as Hui Yiu Kong, a minor (by Hui Sheung Ying, his next friend), of Hong Kong v. Royce Investments Inc. at the British Virgin Islands High Court.

Joaquin Viso v. PB-100 Inc.: Claim Form

Claim Form seeking damages of $8 million in Joaquin B. Viso, of Puerto Rico v. PB-100 Inc. at the British Virgin Islands High Court.

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Asad Noorzaie v. Robinhood Financial LLC et al: Class Action Complaint
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