Bermuda regulator applies to wind up Martin Pitoňák’s Stonebridge Capital Hedge Fund
Bermuda's financial regulator has applied to wind up Stonebridge Capital Hedge Fund Limited, which is operated by Slovakian Martin Pitoňák.
Stonebridge Capital Hedge Fund Ltd.: Company Report (Bermuda)
Company Report for Stonebridge Capital Hedge Fund Limited, obtained from the Bermuda Registrar of Companies on January 21st, 2025.
Bermuda Monetary Authority v. Stonebridge Capital Hedge Fund Ltd.: Notice of Winding Up Petition
Public Notice by the Bermuda Monetary Authority that it has filed a winding up petition against Stonebridge Capital Hedge Fund Limited at Bermuda Supreme Court.
Roosevelt Road Re Ltd. et al v. Liakas Law P.C. et al: Complaint (‘Workers’ Comp. Fraud’)
Complaint in Roosevelt Road Re Ltd., of Bermuda; Tradesman Program Managers LLC, and Ionian Re LLC v. Liakas Law, P.C., Dean N. Liakas, John Doe Nos. 1-25, XYZ Corporation Nos. 1-25, Brooklyn Medical Practice, P.C., Sayeedus S. Salehin, M.D., Advanced Orthopedics and Joint Preservation P.C., Stan Avshumov, D.O., Community Medical Imaging of Brooklyn P.C., Andrew J. McDonnell, M.D., Orthopaedics Spine & Sports Medicine, LLC, Vadim Lerman, D.O., Abishek Kumar, M.D., Shiveindra Jeyamohan, M.D., Big Apple Pain Management, P.L.L.C., Richard Apple, M.D., North Shore Family Chiropractic, P.C., Todd Lawrence Lebson, D.C., Unicorn Acupuncture, P.C., Dekun Wang, L.Ac, Englinton Medical, P.C., Shiarree Evaristo, P.T., Arkadiy Shusterman, D.O., Counter Point Medical, P.C., Upward Medical, P.C., Mark Kostin, M.D., Brooklyn Premier Orthopedics and Pain Management P.L.L.C., FJ Orthopaedics and Pain Management P.L.L.C., Vagmin Vora, M.D., Jonathan Simhaee, M.D., Steven Horowitz, M.D., BL Pain Management, P.L.L.C., d.b.a. Pain Management NYC; Pain Physicians NY, P.L.L.C., Boleslav Kosharskyy, M.D., Roman Shulkin, M.D., Leonid Reyfman, M.D., McCullouch Orthopaedic Surgical Services, P.L.L.C., s.d.b.a. New York Sports and Joints Orthopaedic Specialists; Kenneth McCulloch-Otero, M.D., David R. Capiola, M.D., Gotham Neurosurgery, P.L.L.C., Anders Cohen, D.O., Garden State Orthocare LLC, d.b.a. OrthoCare Surgical; Randall Ehrlich, M.D., Precision Pain Management, P.C., and Ari Benjamin Lerner, M.D. at the U.S. District Court for the Eastern District of New York.
Vesttoo Creditors Liquidating Trust v. Matag Investment Ltd. et al: Complaint (‘Fraudulent & Preferential Transfers’)
Complaint "to avoid and recover prepetition transfers" in Vesttoo Creditors Liquidating Trust v. Matag Investment Ltd. and M. Arkin (1999) Ltd., each described as "an Israeli investment fund", at the U.S. Bankruptcy Court for the District of Delaware.
Newpoint Financial Corp. v. Bermuda Monetary Authority et al: Judgment (‘Dismissing Appeal’)
Judgment dismissing an appeal against the dismissal of a complaint against a regulator and two of its employees for allegedly rejecting Newpoint's planned acquisition of Citadel Reinsurance Company Limited in Newpoint Financial Corp. v. Bermuda Monetary Authority, Gerald Gakundi, and Susan Davis-Crockwell at the U.S. Court of Appeals for the Ninth Circuit.
SEC v. Arbitrade Ltd. et al: Confidentiality & Protective Order (‘Bermuda Testimony’)
Confidentiality and Protecting Order Governing Disclosure of Personal, Sensitive, and Other Confidential Information in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.
Equity Acquisition Company Ltd.: Company Report (Bermuda)
Company Report for Equity Acquisition Company Ltd., obtained from Bermuda Registrar of Companies on January 8th, 2025.
SEC sues Bermuda’s Equity Acquisition Company & German principal Carsten Klein for ‘$3.4M in outstanding regulatory penalties’
Bermuda-based investment firm Equity Acquisition Company Ltd. and its Florida-based German principal Carsten Klein are being sued by a U.S. regulator for alleged failure to pay $3.9 million in penalties that were imposed nearly two years ago.
SEC v. Equity Acquisition Company Ltd. et al: Compliance Enforcement Application (‘$3.4M in Outstanding Regulatory Penalties’)
Application for an Order Enforcing Compliance with Commission Order requiring the respondents to pay $3.9 million in U.S. Securities and Exchange Commission v. Equity Acquisition Company Ltd., described as "a trust organized under the laws of Bermuda", and Carsten Klein, described as a citizen of Germany residing in Parkland, Florida, at the U.S. District Court for the Southern District of Florida.
Meritus Trust Company Ltd.: Company Report (Bermuda)
Company Report for Meritus Trust Company Limited, obtained from the Bermuda Registrar of Companies on December 30th, 2024.
Meritus Trust Company Ltd.: $600K Fine (Bermuda)
Public Notice by the Bermuda Monetary Authority that it has imposed a fine of $600,000 on Meritus Trust Company Limited for regulatory breaches.
Transworld Payment Solutions U.K. Ltd. v. First Curacao International Bank N.V. et al: Plaintiff’s Amended Reply (‘Dishonest Assistance to VAT Fraud’)
Plaintiff's Amended Reply to Defendants' Amended Defenses in Transworld Payment Solutions U.K. Limited, of London, England, and Stephen Hunt, as Liquidator of Transworld Payment Solutions U.K. Limited v. First Curacao International Bank N.V., of Curaçao, and Johannes Christiaan Martinus Augustinus Maria Deuss, a.k.a. John Deuss, a citizen of the Netherlands residing in Bermuda, at the High Court of Justice of England and Wales.
Transworld Payment Solutions U.K. Ltd. v. First Curacao International Bank N.V. et al: John Deuss’ Amended Defense (‘Dishonest Assistance to VAT Fraud’)
Amended Defense of John Deuss in Transworld Payment Solutions U.K. Limited, of London, England, and Stephen Hunt, as Liquidator of Transworld Payment Solutions U.K. Limited v. First Curacao International Bank N.V., of Curaçao, and Johannes Christiaan Martinus Augustinus Maria Deuss, a.k.a. John Deuss, a citizen of the Netherlands residing in Bermuda, at the High Court of Justice of England and Wales.
Transworld Payment Solutions U.K. Ltd. v. First Curacao International Bank N.V. et al: FCIB’s Amended Defense (‘Dishonest Assistance to VAT Fraud’)
Amended Defense of First Curacao International Bank N.V. in Transworld Payment Solutions U.K. Limited, of London, England, and Stephen Hunt, as Liquidator of Transworld Payment Solutions U.K. Limited v. First Curacao International Bank N.V., of Curaçao, and Johannes Christiaan Martinus Augustinus Maria Deuss, a.k.a. John Deuss, a citizen of the Netherlands residing in Bermuda, at the High Court of Justice of England and Wales.
SEC v. Arbitrade Ltd. et al: Max Barber’s Statement of Material Facts (‘$37M Fraud’)
State of Material Facts in Support of Defendant Max Barber's Motion for Summary Judgment in U.S. Securities and Exchange Commission v. Max W. Barber at the U.S. District Court for the Southern District of Florida.
USA v. Greg Lindberg: Factual Basis for Plea Agreement
Factual Basis for Plea Agreement in USA v. Greg E. Lindberg at the U.S. District Court for the Western District of North Carolina.
With liabilities of $580M, Bermuda AI firm Afinity files for Chapter 15 bankruptcy recognition in U.S.
Artificial intelligence firm Afiniti, Ltd. - which went into provisional liquidation in Bermuda on September 19th and has liabilities of $580 million - has filed for Chapter 15 bankruptcy recognition in the United States.
Afiniti, Ltd.: Chapter 15 Petition (Bermuda)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Hassan Afzal, as the Foreign Representative of Afiniti, Ltd. (in Provisional Liquidation), described as "the ultimate holding company of 32 companies in the business of applied predictive artificial intelligence" with total liabilities of $580 million, filed at the U.S. Bankruptcy Court for the District of Delaware.
Blue Nile Services Ltd.: Reasons for License Revocation (Bermuda)
Public Notice by the Bermuda Monetary Authority providing reasons for the revocation of the Money Service Business license of Blue Nile Services Ltd.
Think Capital Ltd.: Company Report (Bermuda)
Company Report for Think Capital Limited, obtained from Bermuda Registrar of Companies on October 24th, 2024.
‘Content violates European & Californian data privacy laws,’ writes rep. for Chicago resident Faizan Anees
Letter from 'data removal' business Incogni on behalf of Faizan Anees claiming that OffshoreAlert's publication of a public warning about his firm, Think Capital Ltd., by the Bermuda Monetary Authority for falsely claiming that it was licensed by the BMA and the publicly-available directors register of a Cayman Islands affiliate, TF Global Markets (International) Ltd., breached the Chicago resident's rights under data privacy laws in California and Europe.
Blue Nile Services Ltd.: License Revocation (Bermuda)
Public Notice by the Bermuda Monetary Authority that it has revoked the Money Service Business license of Blue Nile Services Ltd.
Bermuda regulator cancels insurance registration of 777 Partners-owned 777 Re
Bermuda's financial regulator, the Bermuda Monetary Authority, has cancelled the insurance license of life and annuity reinsurer 777 Re. Ltd., which is part of the scandal-plagued U.S.-based investment group 777 Partners, which owns several professional soccer clubs around the world and recently failed in its attempt to buy English Premier League club Everton F.C.
Richmond Corporate Services Ltd.: Company Report (Bermuda)
Company Report for Richmond Corporate Services Ltd., obtained from Bermuda Registrar of Companies on October 9th, 2024.
777 Re Ltd.: Company Report (Bermuda)
Company Report for 777 Re Ltd., obtained from Bermuda Registrar of Companies on October 9th, 2024.
777 Re Ltd.: License Cancellation (Bermuda)
Public Notice by the Bermuda Monetary Authority that it has cancelled the insurance registration of 777 Re Ltd. for regulatory breaches.
Charles Brown et al v. Butterfield Bank: Complaint (‘Fraudulent Land Transactions’)
Writ of Summons and Statement of Claim in Charles N.L. Brown and Glenwood G. Brown, for the Ancestors and Beneficiaries of the late John Augustus Alexander Virgil v. The Bank of N.T. Butterfield & Son Ltd. at Bermuda Supreme Court.
Kim White v. BVI Registrar of Corporate Affairs: Restoration Application (Globe Services Ltd.)
Fixed Date Claim Form regarding Globe Services Ltd. in Kim Raymond White, of Bermuda v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Richmond Corporate Services Ltd.: License Revocation (Bermuda)
Public Notice by the Bermuda Monetary Authority that it has revoked the license of Richmond Corporate Services Ltd.
Transworld Payment Solutions U.K. Ltd. v. First Curacao International Bank N.V. et al: Third Amended Complaint (‘Dishonest Assistance to VAT Fraud’)
Third Amended Particulars of Claim in Transworld Payment Solutions U.K. Limited, of London, England, and Stephen Hunt, as Liquidator of Transworld Payment Solutions U.K. Limited v. First Curacao International Bank N.V., of Curaçao, and Johannes Christiaan Martinus Augustinus Maria Deuss, a.k.a. John Deuss, a citizen of the Netherlands residing in Bermuda, at the High Court of Justice of England and Wales.
Roosevelt Road Re Ltd. et al v. Wingate Russotti Shapiro Moses & Halpern LLP et al: Complaint (‘Workers’ Comp Racketeering’)
Complaint alleging "a widespread fraud scheme to defraud Plaintiffs and others by (i) unlawfully grooming and recruiting construction workers into staging and perpetuating fake construction accidents that occurred in New York; (ii) preparing and collecting documentation as well as submitting, filing, prosecuting and asserting fraudulent workers’ compensation claims and personal injury lawsuits on behalf of such construction workers; (iii) providing or alleging to have provided medically unnecessary and excessive healthcare services to such construction workers; (iv) providing monies directly or indirectly to Defendants and to Claimants to fund the fraud scheme, and/or (v) using the fraudulent diagnoses and medically unnecessary and excessive healthcare services to unlawfully enrich the Defendants and inflate the settlement value of claims and lawsuits" in Roosevelt Road Re Ltd., of Bermuda, and Tradesman Program Managers LLC v. Wingate Russotti Shapiro Moses & Halpern LLP, Philip Russotti, Clifford H. Shapiro, Kenneth Halperin, I. Bryce Moses, Bangel, Cohen & Falconetti, LLP, David J. Bangel, Stephen H. Cohen, Christopher M. Falconetti, NY Ortho, Sports Medicine & Trauma, P.C., Jeffrey Stone Kaplan, MD, Matthew P. Grimm, MD, Joseph Weinstein, D.O., P.C., Joseph Weinstein, DO, Carlos Castro, MD, Andrew Merola, MD, Kolb Radiology P.C., Thomas M. Kolb, MD, Lenox Hill Radiology and Medical Imaging Associates, P.C., RJ Physical Therapist, P.C., Cross Bay Orthopedic Surgery P.C., Peter Tomasello, Jr., DO, NYC Medical & Neurological Offices, P.C., Mehrdad Golzad, MD, Hudson Pro Orthopaedics & Sports Medicine LLC, Roman Isaac, MD, Citimedical I, PLLC, BL Pain Management, PLLC, Pain Physicians NY, PLLC, Leon Reyfman, MD, Boleslav Kosharskyy, MD, Surgicare of Brooklyn, LLC, Integrated Specialty ASC, d.b.a. HealthPlus Surgery Center, LLC; NYEEQASC, LLC, d.b.a. North Queens Surgical Center, Surgicore 5th Avenue LLC, Roosevelt Surgery Center, LLC, d.b.a. Manhattan Surgery Center, John Doe Nos. 1-25, and XYZ Corporation Nos. 1-25 at the U.S. District Court for the Eastern District of New York.
‘Embarrassed’ Bermuda witnesses to alleged $37M investment fraud will only testify in secret, claim defendants
'Embarrassed' witnesses in Bermuda will only testify in a $37 million crypto investment fraud lawsuit brought by the United States Securities and Exchange Commission in Florida if they can do so in secret, defendants Troy Hogg, James Goldberg, Stephen Braverman, and Max Barber have claimed in a court filing.
SEC v. Arbitrade Ltd. et al: Defendants’ Motion for Protective Order (‘$37M Crypto Investment Fraud’)
Defendants' Motion for a Limited Protective Order Regarding Depositions of Non-Party Witnesses in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber at the U.S. District Court for the Southern District of Florida.
Hong Kong-based Tahoe Life Insurance Company goes into provisional liquidation in Bermuda
Hong Kong-based life insurer Tahoe Life Insurance Company Ltd. has gone into provisional liquidation in Bermuda, where it is domiciled, following a winding up petition by the local regulator, the Bermuda Monetary Authority.
Tahoe Life Insurance Company Ltd.: Winding Up Notice (Bermuda)
Public Notice by the Bermuda Monetary Authority that it has petitioned Hong Kong-based Tahoe Life Insurance Company Limited into provisional liquidation at Bermuda Supreme Court.
Tahoe Life Insurance Company Ltd.: Company Details (Bermuda)
Company Details for Tahoe Life Insurance Company Limited, obtained from Bermuda's Registrar of Companies on July 26th, 2024.
Bermuda reinsurer Roosevelt Road Re sues New York personal injury attorneys for ‘workers’ comp fraud’
Bermuda-based reinsurer Roosevelt Road Re, Ltd. has sued two New York-based personal injury attorneys - Herbert Subin and Eric Subin, of Subin Associates - for allegedly "orchestrating" a workers' compensation insurance fraud scheme in which "undocumented immigrants who do not speak English" were paid for "fake construction accidents".
Roosevelt Road Re, Ltd. et al v. Herbert Subin et al: Complaint (‘Workers’ Comp Racketeering’)
Complaint alleging "a widespread fraud scheme to defraud Plaintiffs and others by preparing and collecting documentation as well as orchestrating the submission, filing and prosecuting of hundreds of fraudulent workers’ compensation claims and filing lawsuits on behalf of construction workers arising out of workplace purported construction accidents that occurred in New York and purportedly required significant medical services" in Roosevelt Road Re, Ltd., of Bermuda, and Tradesman Program Managers, LLC v. Herbert S. Subin, described as "lead trial attorney at the law firm of Subin Associates, LLP"; Eric D. Subin, described as "a senior trial attorney at the Subin Firm", and Jorge Arturo Gonzalez Lupi at the U.S. District Court for the Eastern District of New York.
Alpine Partners (BVI) L.P. v. Sumitomo Mitsui Banking Corporation: Discovery Application (Bermuda)
Application by Alpine Partners (BVI) L.P., of the British Virgin Islands, to take discovery from Sumitomo Mitsui Banking Corporation "for use in an appraisal proceeding pending before the Supreme Court of Bermuda concerning the take-private merger of Myovant Sciences Ltd.", filed at the U.S. District Court for the Southern District of New York.
Vantage Mezzanine Fund II Partnership v. The Clearing House Payments Company LLC et al: Discovery Application (Bermuda, England, Ghana, Italy, Malta & Switzerland)
Application by Vantage Mezzanine Fund II Partnership, acting through Vantage Mezzanine Fund II (Pty) Ltd. to take discovery from The Clearing House Payments Company LLC, Barclays Bank PLC, Citibank N.A., Deutsche Bank Trust Company Americas, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., The Bank of New York Mellon, The Northern Trust Company/The Northern Trust International Banking Corporation, UBS AG, Wells Fargo Bank N.A., Bank of America N.A., and Standard Chartered Bank for use in legal proceedings in Bermuda, England, Ghana, Italy, Malta and Switzerland regarding an attempt to enforce a $59 million arbitration award against Ghana businessman John Eric Kowdo Taylor, filed at the U.S. District Court for the Southern District of New York.
Fleming Intermediate Holdings LLC v. James River Group Holdings Ltd. et al: Complaint (‘Securities Fraud/JRG Re Acquisition’)
Complaint alleging securities fraud regarding the acquisition of "a Bermudian reinsurance company, JRG Reinsurance Company Ltd., from its then-parent James River Group Holdings, Ltd. in a $300 million transaction" in Fleming Intermediate Holdings LLC v. James River Group Holdings Ltd., of Bermuda, and Frank D'Orazio at the U.S. District Coiurt for the Southern District of New York.
Sumitomo Pharma UK Holdings Ltd. v. Clear Street LLC: Discovery Application (Bermuda)
Application by Sumitomo Pharma UK Holdings Ltd. to take discovery from Clear Street LLC "for use in an appraisal proceeding currently before the Supreme Court of Bermuda brought by Alpine Partners (BVI) L.P. and arising out of the purchase of all outstanding shares of Myovant Sciences Ltd. by Sumitomo in March 2023", filed at the U.S. District Court for the Southern District of New York.
Zia Chishti v. Afiniti Inc.: Complaint
Complaint alleging "the imminent breach of a Protective Order that is binding on both parties to this Action" and "relates to a litigation pending in Bermuda where over $10 million is at stake" in Zia Chishti, described as "a dual citizen of the United States and Pakistan" v. Afiniti Inc. at the U.S. District Court for the District of Columbia.
Ontario Securities Commission v. Troy Hogg et al: Reasons and Decision (‘US$51M Crypto Fraud’)
Reasons and Decision finding that the respondents committed fraud in Ontario Securities Commission v. Troy Richard James Hogg, of Canada; Cryptobontix Inc., of Canada; Arbitrade Exchange Inc., of Canada; Arbitrade Ltd., of Bermuda; T.J.L. Property Management Inc., of Canada, and Gables Holdings Inc., of Canada, at the OSC’s Capital Markets Tribunal.
Kim White v. BVI Registrar of Corporate Affairs: Restoration Application (Globe Services Ltd.)
Fixed Date Claim Form regarding Globe Services Ltd. in Kim Raymond White, of Bermuda v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Homeowners of America Insurance Company et al v. China Construction Bank Corporation et al: Complaint (‘Billions of Dollars Vesttoo-Related Fraud’)
Complaint "to recover from China Construction Bank - one of the largest banks in the world - for enabling its personnel to perpetrate a colossal fraud [with employees of the now-bankrupt company Vesttoo Ltd., a self-described “insurance marketplace"] that has upended the reinsurance industry and imposed monumental losses on Plaintiffs" in Homeowners of America Insurance Company, Homeowners of America Holding Corporation, Porch.com Inc., and Porch Group Inc. v. China Construction Bank Corporation, of China; China Construction Bank (Asia) Corporation Limited, of Singapore, and China Construction Bank New York Branch at the U.S. District Court for the Southern District of New York.
Leadenhall Capital Partners LLP et al v. 777 Partners LLC et al: Complaint (‘Hundreds of Millions of Dollars Double-Pledging Fraud’)
Complaint alleging "a years-long pattern of fraud perpetrated on the lenders of hundreds of millions of dollars of debt by a group of entities operating under the domination and control of Defendants Josh Wander, Steven Pasko, and Kenneth King" in Leadenhall Capital Partners LLP, described as "a London-based asset management company which focuses on granting institutional investors access to insurance-related risks", and Leadenhall Life Insurance Linked Investments Fund Plc, described as "an investment company organized as a public limited company under the laws of Ireland" v. Josh Wander, Steven Pasko, Kenneth King, 777 Partners LLC, 600 Partners LLC, SPLCSS III LLC, Signal SML 4 LLC, Insurety Agency Services LLC, Dorchester Receivables II LLC, SuttonPark Capital LLC, Signal Medical Receivables LLC, Insurety Capital LLC, SuttonPark Servicing LLC, Signal Servicing LLC, Insurety Servicing LLC, and Advantage Capital Holdings LLC at the U.S. District Court for the Southern District of New York.
SEC v. SION Trading FZE: Notice of Joint Liability (‘$37M Crypto Fraud’)
SEC's Notice of Joint Liability Against Relief Defendant SION Trading FZE, of the United Arab Emirates, regarding an alleged crypto-based investment fraud scheme in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.
Canadian Overseas Petroleum Ltd. et al: Chapter 15 Petition (Canada)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Peter Kravitz, as the Foreign Representative of Canadian Overseas Petroleum Limited, COPL Technical Services Limited, Canadian Overseas Petroleum (Ontario) Limited, Canadian Overseas Petroleum (UK) Limited, Canadian Overseas Petroleum (Bermuda Holdings) Limited, Canadian Overseas Petroleum (Bermuda) Limited, COPL America Holding Inc., COPL America Inc., Atomic Oil & Gas LLC, Southwestern Production Corporation, and Pipeco LLC, described as "an international oil and gas exploration, development, and production company", filed at the U.S. Bankruptcy Court for the District of Delaware.
