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Middle East-based British polo players led by Richard Fagan who fund their lavish lifestyles through investment fraud have set up a fake 'Swiss bank' and are trying to take over a Cayman Islands fund, OffshoreAlert can reveal.
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Application by Gaurav Patel, of Parsippany, New Jersey, to take discovery from Oak Trust, Acorn Trust, Eagle Trust, Duffy Trust, Robert J. Parfet Living Trust, Geluk Global Fund Limited SAC, of the Bahamas; Migration Investments, LLC, of Colorado; Boustrophedon International Ltd., of Hong Kong; Michael R. Shea, Erin Shea, Angela Ling, Fuhua Ling, Philip Bullock, Lifang Liu, Justin Payne, Michael Dietzen, Kimberly J. Dietzen, Brian Sly, David K. Sly, Gregory Sly, Karen Sly, Nelson Sly, Helen S. Sly, Sly Family Trust, and Tamara A. Sly Separate Property Trust for use in "an anticipated proceeding" in England regarding allegations of "a fraudulent Forex trading scheme" involving Equiti Capital UK Limited, Mediatrix Capital Inc., Blue Isle Markets Inc., and Blue Isle Markets Ltd. and several jurisdictions, including the Bahamas, Belize, Cayman Islands, New Zealand, Saint Vincent and the Grenadines, and the United Kingdom, filed at the U. S. District Court for the District of New Jersey.
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Application by Gaurav Patel, of Parsippany, New Jersey, to take discovery from Oak Trust, Acorn Trust, Eagle Trust, Duffy Trust, Robert J. Parfet Living Trust, Geluk Global Fund Limited SAC, of the Bahamas; Migration Investments, LLC, of Colorado; Boustrophedon International Ltd., of Hong Kong; Michael R. Shea, Erin Shea, Angela Ling, Fuhua Ling, Philip Bullock, Lifang Liu, Justin Payne, Michael Dietzen, Kimberly J. Dietzen, Brian Sly, David K. Sly, Gregory Sly, Karen Sly, Nelson Sly, Helen S. Sly, Sly Family Trust, and Tamara A. Sly Separate Property Trust for use in "an anticipated proceeding" in England regarding allegations of "a fraudulent Forex trading scheme" involving Equiti Capital UK Limited, Mediatrix Capital Inc., Blue Isle Markets Inc., and Blue Isle Markets Ltd., filed at the U. S. District Court for the District of New Jersey.
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Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Ambitions Limited after its director Richard Ian Kissack "pleaded guilty to eight counts of VAT fraud and one count of VAT evasion".
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Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Finchpay Limited after its director Richard Ian Kissack "pleaded guilty to eight counts of VAT fraud and one count of VAT evasion".
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Petition and Complaint in CesFin Ventures LLC, of Delaware v. Al Ghaith Holding Company PJSC, of Abu Dhabi; Ali Hamel Khadem Al Ghaith Al Qubaisi, Ghaith Hamel Khadem Al Ghaith Al Qubaisi, and Khalifa Hamel Khadem Al Ghaith Al Qubaisiat the U. S. District Court for the Southern District of New York.
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Public Warning by the Swiss Financial Market Supervisory Authority that Sutev AG is suspected of "conducting unauthorised activities in the financial market". Editor's Note: Research by OffshoreAlert in the Swiss Commercial Registry showed that the sole director of Sutev AG is Diego Andre Tanner, of Zurich, Switzerland, while a former director is Alexey Babkin, a citizen of Russia.
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Class Action Complaint alleging fraud in Eyobe Amberber v. EHang Holdings Limited, described as a Cayman Islands-domiciled, China-based company that "purports to be an autonomous aerial vehicle technology platform company"; Huazhi Hu, Richard Jian Liu, and Edward Huaxiang Xu at the U. S. District Court for the Southern District of New York.
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Judgment for $100 million in BFAM Asian Opportunities Master Fund LP, described in the complaint as "an Asia-focused hedge fund managed by BFAM Partners (Hong Kong) Limited v. Tunghsu Venus Holdings Limited, of the British Virgin Islands, and Tunghsu Group Co. Ltd., of China, at the Supreme Court of the State of New York, County of New York.
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Class Action Complaint alleging fraud involving trading in shares of GameStop Corp. in Christian Iovin v. Keith Patrick Gill, a.k.a. "Roaring Kitty" on YouTube and "DeepF***ing Value" on Reddit's WallStreetBets message board" in MML Investors Services LLC, and Massachusetts Mutual Life Insurance Co. at the U. S. District Court for the District of Massachusetts.
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Complaint alleging "accounting fraud" in Alger SICAV, Alger Small Cap Growth Institutional Fund, Alger Small Cap Growth Fund, Alger Small Cap Focus Fund, Alger Small Cap Focus Fund, Alger small Cap Growth Portfolio, Alger Weatherbie Specialized Growth Portfolio, Alger Weatherbie Specialized Growth Fund, Alger Dynamic Opportunities Fund, and Alger Dynamic Opportunities Fund, all of Luxembourg v. WageWorks Inc., Joseph L. Jackson, and Colm M. Callan at the U. S. District Court for the Northern District of California.
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Press Release by the United Kingdom's Financial Conduct Authority announcing it has "commenced criminal proceedings" against brothers Mohammed Zina, who was employed as an analyst with Goldman Sachs International, and Suhail Zina, who was a lawyer with Clifford Chance, for suspected insider dealing involving ARM Holdings Plc, Alternative Networks Plc, Punch Taverns Plc, Shawbrook Plc, HSN Inc., and Snyder's Lance Inc.
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Public Statement by the Jersey Financial Services Commission that it has imposed fines totaling £719,451 on SG Kleinwort Hambros Bank (CI) Limited, SG Kleinwort Hambros Trust Company (CI) Limited, and SG Kleinwort Hambros Corporate Services (CI) Limited, which "form part of the Societe Generale Group, a French regulated banking group and are part of a smaller sub-group, headed by SG Kleinwort Hambros Bank Limited, a UK regulated bank", for regulatory breaches.
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Eleanor Fisher and Tammy Fu, as the Foreign Representatives of TCA Global Credit Fund Ltd., at the U. S. Bankruptcy Court for the Southern District of Florida.
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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in South Africa by Shaun Collyer and Richard A. Ferguson, as the Foreign Representatives of Comair Limited (in Business Rescue), described as "one of the largest regional commercial airline companies in Southern Africa", at the U. S. Bankruptcy Court for the Southern District of New York.
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Complaint regarding the rating of "commercial mortgage-backed securities" in U. S. Securities and Exchange Commission v. Morningstar Credit Ratings, LLC at the U. S. District Court for the Southern District of New York.
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Complaint in 4Flac LLC, of Florida v. Transcol SA, of Panama; Centro De Soluciones Impositivas, of Panama; Rubio, Alvarez, Solis, and Abrego, described as "a law firm doing business in Panama"; Carlos Eduardo Rubio, Jorge Hernan Rubio, and Arnoldo Cando at the U. S. District Court for the Southern District of Florida.
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Judgment extending an injunction involving "three apartments in Trump Tower" in New York City in what the judge described as "a skirmish in what I suspect is a much larger dispute between two sides of the Hinduja family" in Ali Ganjaei, "as attorney in fact of Seapack Investment Ltd., and Seapack Investment Ltd., of the British Virgin Islands v. Sable Trust Ltd., Jose Guillermo Gonzalez Alvarez, Michael Kelleher, and Najib Ziazi at the British Virgin Islands High Court.
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Ex Parte Application by Nikolay Anatolyevich Falin, described as "a Russian businessperson and the owner of the Maximum Group, a group of Russian companies engaged in the transportation of oversized and industrial cargo", to take discovery from Magnus Gylfi Thorstenn, described as a lawyer in New York, for use in legal proceedings in the British Virgin Islands involving allegations of fraud, filed at the U. S. District Court for the Eastern District of New York.
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Complaint "to recover damages for losses Plaintiffs suffered in connection with their acquisition of Mylan securities between February 16, 2016 and May 24, 2019" in Skandia Mutual Life Insurance Co., Länsförsäkringar AB, both of Sweden; KBC Asset Management NV, of Belgium, and GIC Private Limited, described as a "sovereign wealth ... wholly by the Government of Singapore" v. Viatris Inc., described as being formed through a merger of Mylan NV, of the Netherlands, and Pfizer Inc.; Heather Bresch, Rajiv Malik, Kenneth S. Parks, Anthony Mauro, and James Nesta at the U. S. District Court for the Southern District of New York.
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Settlement Agreement involving the imposition of a fine of $42,500 for operating without a license in Securities Commission of the Bahamas v. Atlantis Arbitrage Fund Ltd. Editor's Note: Even though this document was published by the Securities Commission of the Bahamas yesterday, the settlement agreement was entered into 13 months ago. It is the first Enforcement Action published on the SCB's website in two-and-a-half years.
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Petition to Confirm Foreign Arbitration Award totaling $1.2 billion in Cairn Energy Plc and Cairn UK Holdings Limited, described as Scottish companies that "invested and conducted commercial oil and natural gas exploration and production activities in India for over two decades, contributing over $3 billion to the Indian economy" v. The Republic of India at the U. S. District Court for the District of Columbia.
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Application by Food Delivery Holding 12 Sarl, of Luxembourg, to take discovery from Barnes & Thornburg LLP "for use in an international arbitration brought by Mr. Ebrahim Al-Jassim against FDH (and two other respondents) pursuant to the arbitration rules of the Dubai International Finance Centre-London Court of International Arbitration", filed at the U. S. District Court for the Central District of California.
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Application by Sakab Saudi Holding Company, Alpha Star Aviation Services Company, Enma Al Ared Real Estate Investment and Development Company, Kafa'at Business Solutions Company, Security Control Company, Armour Security Industrial Manufacturing Company, Saudi Technology & Security Comprehensive Control Company, Technology Control Company, New Dawn Contracting Company, and Sky Prime Investment Company, all of Saudi Arabia, to take discovery from Citibank NA, HSBC Bank USA NA, Cadwalader, Wickersham & Taft LLP, and Jonathan Wainwright for use in legal proceedings in Canada alleging "a massive fraudulent scheme perpetrated by a former high-ranking government official in the Kingdom of Saudi Arabia, Saad Khalid Al Jabri, which resulted in at least $3.5 billion (USD) being stolen from the Applicant companies and used for the personal benefit of one man, Al Jabri, and his family and associates", filed at the U. S. District Court for the Southern District of New York.
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Amended Complaint alleging fraud involving Gable Holdings Inc., of the Cayman Islands, and Gable Insurance AG, of Liechtenstein, in Kevin Alcock, Corita Metelerkamp, both of Surrey, England; Oak Trust (Guernsey) Limited, of Guernsey; Baytree Group Holdings Limited, Morvale Company Limited, Aggaris Investments Limited, all of the British Virgin Islands; Christopher Lawrance, Roy Campbell, both of South Africa, and CriSeren Investments Limited, of Wales v. William Dewsall, of London, England, at the High Court for England and Wales.
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Amended Defense involving allegations of tax fraud in Skatteforvaltningnen, a.k.a. SKAT, (the Danish Customs and Tax Administration) v. Paul Oakley, Owen Mitchell, and Orca Investments Limited at the High Court of Justice, in London, England.
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Defendants' Notice of Removal, including a copy of the complaint seeking damages "for breach of fiduciary duty, tortious interference with business relations, breach of contract and declaratory judgment to set aside an unlawful and unethical contract entered into with Defendants to share the proceeds of a law firm with a non-lawyer independent contractor", in The Roberto Gonzalez Law Firm, d.b.a. Whistleblowers International, of the District of Columbia v. Global Litigation Consulting Services LLC, of Puerto Rico, and Christopher Piacentile, described as a resident of Puerto Rico and New York, at the U. S. District Court for the Southern District of New York.
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Stop Notice in Al Faisaliah Group Capital, which appears to be based in Saudi Arabia v. Rasmala Holdings Limited, which appears to be based in Dubai and London, England, at the British Virgin Islands High Court.
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Fixed Date Claim Form in CHC Investment Holdings Limited v. Harvest Network Limited at the British Virgin Islands High Court.
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Claim Form in Oscar Trustee Limited, as Trustee of the Chloe Trust v. MBS Software Solutions Limited at the British Virgin Islands High Court.
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Fixed Date Claim Form regarding Richome Ltd. in Wan Ka Cheung, of Hong Kong v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Fixed Date Claim Form regarding Fast Luck Global Limited in Si Bo, of China v. Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Fixed Date Claim Form regarding Flestina Shipping Co. Limited in Blue Wave Shipping Inc., of Huntington Valley, Pennsylvania, USA v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Fixed Date Claim Form regarding Proton Trading Services Corporation in David Michael Butler v. Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Originating Application in the matter of Jadeland Pacific Limited at the British Virgin Islands High Court.
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Fixed Date Claim Form regarding Stoic 13 Ltd. in Marlon Ribeiro-Correia, of Venezuela v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Amended Defense involving allegations of tax fraud in Skatteforvaltningnen, a.k.a. SKAT, (the Danish Customs and Tax Administration) v. Alba Gonzalez Brown at the High Court of Justice, in London, England.
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LinkedIn Profile of Dubai-based British national Stuart Coles, part of a group of companies in Britain and the Middle East doing business as 'Coworth Investments' and 'Novus', on January 30th, 2021 in which he, inter alia, described himself as "Co-Founder & Chief Executive Officer" of "Novus Bank", of "Zug, Switzerland", which, in reality, does not exist. Coles deleted the profile on February 11th, 2021 - two hours after OffshoreAlert started asking him questions about his business interests.
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Fixed Date Claim Form regarding Carlbert Property Limited in Huda Mohammed Hussein M. Ali Al-Tahhan, apparently of Jordan v. Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Fixed Date Claim Form in Cassandra Glasgow-Penn, as former liquidator of Flowery Developments Limited, and Truetake Limited, of Cyprus v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
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Amended Defense involving allegations of fraud in Northern and Western Insurance Company Limited (in Liquidation), of Nevis, represented by its Joint Liquidators, Keiran Hutchison, of the Cayman Islands, and Roy Bailey, of the British Virgin Islands v. BSG Valentine, an accounting firm in London, England, at the High Court of Justice for England and Wales.
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