Sonata Alliance Inc. v. Startnet Ltd.: Liquidation Application
Liquidation Application in Sonata Alliance Inc. v. Startnet Ltd. at the British Virgin Islands High Court.
Cayman hedge fund added as defendant to $100 m hacking lawsuit
A Cayman Islands hedge fund - Copperstone Alpha Fund - and its manager have been added as defendants to a lawsuit by the U. S. Securities and Exchange Commission against a group that allegedly hacked newswire services and profited by more than $100 million in insider trading.
Two more Belvedere fund vehicles closed down by Mauritius regulator
Two more Belvedere Management Group investment vehicles - The Two Seasons PCC and Venture Assets PCC - have been closed down by the Financial Services Commission in Mauritius.
USA v. Belize Bank International Ltd. et al: Petition to Serve ‘John Doe’ Summonses
Petition to Serve 'John Doe' Summonses on Citibank and Bank of America in USA v. Belize Bank International Limited, Belize Bank Limited or Belize Corporate Services Limited at the U. S. District Court for the Southern District of Florida.
Berau Capital Resources Pte Ltd.: Chapter 15 Petition
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Singapore by Kin Chan, as the Foreign Representative of Berau Capital Resources Pte Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.
Belvedere associate Brian Weal’s latest fraud: Publicly-listed Etaireia Investments
OffshoreAlert's continuing investigation into Belvedere Management Group and its affiliates has uncovered another ongoing investment fraud, this one involving British firm Etaireia Investments Plc, whose shares are listed on the London-based ICAP Securities & Derivatives Exchange and which has raised at least £1.5 million over the last 15 months.
Belvedere’s David Cosgrove & Cobus Kellermann lambasted by Guernsey regulator
A Guernsey regulator has essentially portrayed Belvedere Management Group principals David Cosgrove and Cobus Kellermann as serial fraudsters with little or no regard for the well-being of investors who, including other funds around the world, have entrusted them with hundreds of millions of dollars and possibly billions since the group began in or around 2008.
Cayman hedge fund Brighton SPC suspended in aftermath of Belvedere Management Group exposé
Cayman Islands-domiciled hedge fund Brighton SPC has been suspended by its directors, David Egglishaw and John Cullinane, after OffshoreAlert revealed it was part of a criminal financial enterprise operated by Mauritius-based Belvedere Management Group.
Mauritius regulator closes down two Belvedere Management fund companies
Two key investment fund companies operated by Belvedere Management Group - Lancelot Global PCC and The Four Elements PCC - have had their business licenses revoked in Mauritius - four days after the group was exposed as a massive criminal enterprise by OffshoreAlert.
EXPOSED: Belvedere Management’s massive criminal enterprise
Offshore fund group Belvedere Management, which claims to have $16 billion of assets under administration, management and advisory, appears to be one of the biggest criminal financial enterprises in history, headed by David Cosgrove, Cobus Kellermann and Kenneth Maillard, OffshoreAlert can reveal.
DMS Offshore & officer Dawn Cummings face prospect of lawsuit over Axiom Legal Financing Fund fraud
The liquidator of the investment manager of Axiom Legal Financing Fund is preparing to sue Cayman-based hedge fund firm DMS Offshore Investment Services, one of its officers, Dawn Cummings, and the architect of the scam, Tim Schools. Ironically, Tangerine Investment Management's liquidator wants a litigation funding firm to finance it.
SEC v. Banc de Binary Ltd. et al: Order Granting Motion for Summary Judgment
Order Granting SEC's Motion for Summary Judgment against Oren Shabat Laurent, ET Binary Options Ltd., and BO Systems Ltd. in U. S. Securities and Exchange Commission v. Banc de Binary Ltd., Oren Shabat Laurent, formerly known as Oren Shabat, ET Binary Options Ltd., BO Systems Ltd., and BDB Services Ltd. at the U. S. District Court for the District of Nevada.
SEC v. Banc de Binary Ltd. et al: Motion for Summary Judgment
SEC's Motion for Summary Judgment against Oren Shabat Laurent, ET Binary Options Ltd., and BO Systems Ltd. in U. S. Securities and Exchange Commission v. Banc de Binary Ltd., Oren Shabat Laurent, formerly known as Oren Shabat, ET Binary Options Ltd., BO Systems Ltd., and BDB Services Ltd. at the U. S. District Court for the District of Nevada.
SEC v. Banc de Binary Ltd. et al: Second Amended Complaint
Second Amended Complaint in U. S. Securities and Exchange Commission v. Banc de Binary Ltd., Oren Shabat Laurent, ET Binary Options Ltd., BO Systems Ltd. Seychelles, and BDB Services Ltd. Seychelles at the U. S. District Court for the District of Nevada.
Gennady Valerievich Petrushchenko v. Mawson West Ltd.: Amended Originating Application
Amended Originating Application in Gennady Valerievich Petrushchenko v. Mawson West Limited at the British Virgin Islands High Court.
Axiom Legal Financing Fund conspirator Portland Financial goes bust
Portland Financial Management Group, which helped Tim Schools defraud Axiom Legal Financing Fund and launder the proceeds, has collapsed amid regulatory problems and substantial debts. The group's principals, Anthony Smith, Tim Eddolls and Connie Rodrigues, now operate under new names:Â Prestige Financial Management, Cavendish Financial Management, Corbus Portfolio Solutions, and Corbus Private Clients.
ICP Structured Credit Income Fund Ltd.: Chapter 15 Petition
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Hugh Dickson and Stephen Akers, as the Foreign Representatives of ICP Structured Credit Income Fund Ltd. and ICP Strategic Credit Income Master Fund Ltd., at the U. S. Bankruptcy Petition for the Southern District of New York.
Fraudster Eric Resteiner seeks funding for ‘mind-reading scientist’
Released from prison three years ago and with judgments of $60 million against him still outstanding, convicted investment fraudster Eric Resteiner, 54, is back in business, operating from the Seychelles and Singapore.
British attorney Steven Goodman claims he is owed £25M by now-defunct Tangerine Investment Management
British attorney Steven Goodman, who is associated with insiders of the fraudulently-operated Axiom Legal Financing Fund, claims to be owed £25.7 million by the insolvent Fund's former investment manager.
Novus International Investments Ltd. v. Tangerine Investment Management Ltd.: Winding-Up Order
Winding-Up Order in Novus International Investments Limited v. Tangerine Investment Management Limited at the Grand Court of the Cayman Islands.
Novus International Investments Ltd. v. Tangerine Investment Management Ltd.: Winding Up Petition
Winding Up Petition in Novus International Investments Limited v. Tangerine Investment Management Limited at the Grand Court of the Cayman Islands.
Sen. Carl Levin Letter: Closing 10 Offshore Tax Loopholes
Letter about closing offshore ten tax loopholes from Senator Carl Levin to Senator Harry Reid, Senator Mitch McConnell, Senator Dick Durbin, Senator Jon Kyl, Senator Kent Conrad, Senator Saxby Chambliss, Senator Mark Warner, Senator Mike Crapo, Senator Tom Coburn, Senator Michael Bennet, Senator Mike Johanns, Senator John McCain, Senator Jeanne Shaheen, Senator Lindsey Graham, Senator Sheldon Whitehouse, Senator Kelly Ayotte, Honorable Timothy Geithner, Secretary of the Treasury; Gene Sperling, Director, National Economic Council, dated October 5, 2012.
USA v. James Onanefe Ibori et al: Application to Enforce Restraining Orders (‘Money Laundering’)
USA's Ex Parte Application to Enforce and Register Foreign Restraining Orders in connection with an investigation in the United Kingdom into an alleged money laundering scheme by James Onanefe Ibori, former Governor of Nigeria's Delate State, and Bhadresh Gohil, an English attorney, filed at the U. S. District Court for the District of Columbia.
Otkritie International Investment Management Ltd. et al v. Wells Fargo Bank et al: Discovery Application (England)
Third Application by Otkritie International Investment Management Limited, of the British Virgin Islands; Otkritie Securities Limited, of England, and Otkritie Financial Corporation JSC, of Russia, to take discovery from the Bank of New York Mellon, Barclays Capital, Deutsche Bank Trust Company Americas, J.P. Morgan Chase Bank, N.A., Standard Chartered Bank, and Wells Fargo Bank, N.A. for use in legal proceedings in England, filed at the U. S. District Court for the Southern District of New York.
United Kingdom: Gilher, Inc. et al
Application for the Appointment of a Commissioner - pursuant to a request for judicial assistance from the United Kingdom - to collect evidence for a criminal investigation into John Hirst, Daniel Hirst, Richard Pollett, Linda Hirst, and Zoe Waite for suspected money laundering and investment fraud.
SEC v. Jonathan Curshen et al: Complaint
SEC complaint against Jonathan Randall Curshen, Michael Krome, David Ricci, Ronny Morales Salazar, Robert Weidenbaum, Ariav 'Eric' Weinbaum, and Yitzchak Zigdon, a.k.a. Izhack Zigdon for alleged securities fraud.
Cooperhill Investments Ltd. et al v. Republic of Seychelles et al : Complaint
Complaint in Cooperhill Investments Limited and Kazou BVÂ v. Republic of Seychelles, Financial Intelligence Unit of Seychelles, Liam Hogan, Barry Galvin, Declan Barber, Barclays Bank (Seychelles) Ltd., Barclays Bank Plc, Joe Cully, BMI Bank, and BMI Offshore Bank at the U. S. District Court for the Southern District of New York.
USA v. David Van Dyke: Defendant’s Sentencing Memorandum
Defendant's Sentencing Memorandum in USA v. David Van Dyke at the U. S. District Court for the Southern District of Florida.
Russia: Vladimir Menshikh
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into Vladimir Valeryevich Menshikh for alleged fraud.
Russia: Raduga LLC(2)
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into Raduga LLC for suspected involvement in tax fraud.
Mikhail Khodorkovsky: ‘The richest crook in Russia’
A business group headed by Russia's richest man, Mikhail Khodorkovsky, who was arrested in October for allegedly defrauding the state of $1 billion, stashed money in offshore centers, including Switzerland, Luxembourg, the British Virgin Islands, the Seychelles, Panama and the Bahamas, according to Yelena Collongues-Popova, who worked for one of Khodorkovsky's associates. Lucy Komisar, a New York investigative reporter who is writing a book about the offshore banking and corporate secrecy system, interviewed Collongues-Popova. This is her story.
