Oceanfront Investments II Ltd.: (Cayman Islands)
Director Details for Oceanfront Investments II Limited, obtained from the Cayman Islands General Registry on January 28th, 2025.
Fullerton Healthcare Corporation Ltd.: Directors (Cayman Islands)
Director Details for Fullerton Healthcare Corporation Limited, obtained from the Cayman Islands General Registry on January 28th, 2025.
SIN Capital (Cayman) Ltd.: Directors (Cayman Islands)
Director Details for SIN Capital (Cayman) Ltd., obtained from the Cayman Islands General Registry on January 28th, 2025.
Singapore investor applies to wind up Singaporean David Sin’s Cayman firm SIN Capital over ‘$4.6M debt’
Singapore investor TH Investments has applied to wind up Singaporean accused fraudster David Sin's SIN Capital in the Cayman Islands regarding an alleged debt of $4.6 million.
Trafigura Pte Ltd. v. Bank of America NA et al: Discovery Application (England)
Application by Trafigura Pte Ltd., of Singapore, to take discovery from Bank of America, N.A., Bank of China U.S.A., The Bank of New York Mellon Corporation, Barclays Bank PLC, New York Branch; BNP Paribas USA, Inc., Citibank N.A., The Clearing House Payments Company LLC, Commerzbank AG, New York Branch; Deutsche Bank Trust Co. Americas, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Société Générale, New York Branch; Standard Chartered Bank, New York Branch; UBS AG, New York Branch, and Wells Fargo Bank, N.A. for use in legal proceedings in England against Indian businessman Prateek Gupta alleging "a massive fraud costing hundreds of millions of dollars", filed at the U.S. District Court for the Southern District of New York.
TH Investments Pte Ltd. v. SIN Capital (Cayman) Ltd.: Winding Up Petition (‘$4.6M Debt’)
Winding Up Petition in TH Investments Pte Ltd., of Singapore v. SIN Capital (Cayman) Ltd. at the Grand Court of the Cayman Islands.
Blackfridge SC Ltd.: Temporary Suspension of License (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority that the financial services license of Blackfridge SC Limited has been temporarily suspended.
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.
Carey Olsen sues Three Arrows Capital crypto fund founders Su Zhu & Kyle Davies for ‘unpaid legal fees’
British Virgin Islands law firm Carey Olsen has sued the principals of failed crypto fund Three Arrows Capital - Su Zhu and Kyle Davies - for "outstanding professional fees and disbursements" of $348,605.
Omanco Material VietNam Company Ltd. v. Citibank, N.A.: Discovery Application (Vietnam)
Application by Omanco Material VietNam Company Limited to take discovery from Citibank, N.A. "in aid of certain contemplated foreign civil and criminal proceedings that Petitioner intends to file in Vietnam" involving Global Transit Trading (s) PE Ltd., of Singapore, filed at the U.S. District Court for the Southern District of New York.
Jonathan Glassberg v. UBS AG: Judgment (‘Liability for $2.5M Investment Loss’)
Judgment regarding liability for a "fraudulent" investment known as "Direct Lending Income Fund" in Jonathan William Glassberg v. UBS AG, Singapore Branch at the High Court of the Republic of Singapore.
Regeneron Pharmaceuticals Inc. v. Amgen Inc.: Discovery Application (Singapore)
Application by Regeneron Pharmaceuticals Inc. to take discovery from Amgen Inc. "for use in anticipated foreign proceedings involving Amgen's Singaporean subsidiary, Amgen Singapore Manufacturing Pte. Ltd. in the General Division of the High Court of Singapore", filed at the U.S. District Court for the District of Delaware.
Equite Capital PTE Ltd. v. Fitch Ratings Inc. et al: Writ of Summons (‘Bear Stearns Failure’)
Writ of Summons in Equite Capital PTE Limited, of Singapore, "as assignee of Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. (now dissolved) and the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd. (now dissolved)" v. Fitch Ratings Inc., of Delaware, USA, and Fitch Ratings Ltd., of London, England, at the Grand Court of the Cayman Islands.
Cachet Multi Strategy Fund SPC v. Feng Shi et al: Judgment (Singapore)
Judgment in Cachet Multi Strategy Fund SPC, on behalf of Cachet Special Opportunities SP, of the Cayman Islands v. Feng Shi, Alex SK Liu, and Haven Global Network Pte Ltd. at the High Court of the Republic of Singapore.
U.S. courts authorize IRS to issue ‘John Doe’ summonses to identify Trident Trust Group clients suspected of U.S. tax evasion
United States federal courts in New York and South Dakota have entered orders authorizing the IRS to serve 'John Doe' summonses on 14 entities in an attempt to identify clients of corporate services provider Trident Trust Group who are suspected of evading U.S. taxes, while a third court in Georgia has yet to rule on a similar petition.
USA v. FedEx et al: Order Granting Petition to Serve ‘John Doe’ Summonses (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Order Granting Ex Parte Petition by the IRS for Leave to Serve 'John Doe' Summonses on FedEx Corporation, DHL Express (USA), Inc., United Parcel Service, Inc., the Federal Reserve Bank of New York, The Clearing House Payments Company LLC, HSBC Bank USA, National Association, The Bank of New York Mellon Corporation, Wells Fargo Bank, National Association, Citibank, National Association, UBS AG, Bank of America, National Association, Deutsche Bank Trust Company Americas, and Nevis Services Limited as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the Southern District of New York.
1MDB liquidators file second BVI lawsuit against Amicorp & CEO Toine Knipping, seek $1B+ for ‘knowing participation in fraud’
The liquidators of former Malaysian sovereign wealth fund 1MDB have filed a second lawsuit in the British Virgin Islands against Hong Kong-based corporate services provider Amicorp Group and its Dubai-based CEO, Toine Knipping, this one seeking damages in excess of $1 billion for alleged "knowing participation" in a multi-billion dollar fraud. Amicorp issued a statement that it "strongly denies the allegations".
‘1MDB liquidators file $1B+ BVI lawsuit against Amicorp & CEO Toine Knipping for alleged fraudulent trading’ (Plaintiffs’ Press Release)
Press Release headlined "1MDB launches claim against Amicorp Group for facilitating over $7 billion in fraudulent transactions", issued on behalf of the plaintiffs by Bryan Wang, of Byfield Consultancy. OffshoreAlert has been told that this action is an addition to a prior claim alleging dishonest assistance that was filed against Amicorp parties at the same court on June 23rd, 2024 and which, according to Byfield Consultancy, is still active.
Equite Capital PTE Ltd. v. S&P Global Inc. et al: Writ of Summons (2024)
Writ of Summons in Equite Capital PTE Limited, of Singapore, "as assignee of Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. (now dissolved) and the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd. (now dissolved)" v. S&P Global Inc. and Standard & Poor's International LLC, both of New York, USA, at the Grand Court of the Cayman Islands.
USA v. Trident Trust Company (South Dakota) Inc.: USA’s Motion to Unseal All Documents (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
USA's Motion to Unseal All Documents in Ex Parte Petition by the IRS for Leave to Serve ‘John Doe’ Summonses on Trident Trust Company (South Dakota) Inc. as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the District of South Dakota.
Aabar Investments PJS Ltd. et al v. Amicorp B.V.I. Ltd. et al: Claim Form (‘Knowing Participation in $7.65B 1MDB Fraud’)
Claim Form alleging the respondents "knowingly participated" in an alleged $7.65 billion fraud committed by their clients against "a now-insolvent Malaysian sovereign wealth fund" known as 1MDB in Angela Barkhouse and Toni Skukla, as Joint Liquidators of Aabar Investments PJS Limited, SRC International (Malaysia) Limited, and Brazen Sky Limited v. Amicorp B.V.I. Limited, of the British Virgin Islands; Amicorp Management Limited, of the British Virgin Islands; Artemas Wealth Management (Barbados) Ltd., formerly known as Amergeris Wealth Management (Barbados) Ltd., of Barbados; Amicorp Fund Services N.V., of Curaçao; Amicorp Singapore PTE. Ltd., of Singapore; Amicorp Hong Kong Limited, of Hong Kong; Amicorp Limited, of Hong Kong; Amicorp Bank and Trust Limited, of Barbados, and Antonius Rudolphus Wilhelmus Knipping, a.k.a. Toine Knipping, of Dubai, United Arab Emirates, at the British Virgin Islands High Court.
Cattigara One Ltd.: Restoration Application (Cayman Islands)
Originating Application in the matter of Cattigara One Ltd. at the Grand Court of the Cayman Islands.
USA v. Trident Trust Company (South Dakota) Inc.: Court Docket (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Court Docket for a sealed Ex Parte Petition by the IRS for Leave to Serve ‘John Doe’ Summonses on Trident Trust Company (South Dakota) Inc. as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the District of South Dakota.
USA v. Trident Corporate Services, Inc. et al: Petition to Serve ‘John Doe’ Summonses (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Ex Parte Petition by the IRS for Leave to Serve ‘John Doe’ Summonses on TT (USA) Holdings, Inc., Trident Corporate Services, Inc., and Trident Fund Services, Inc. as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the Northern District of Georgia.
USA v. FedEx et al: Petition to Serve ‘John Doe’ Summonses (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Ex Parte Petition by the IRS for Leave to Serve 'John Doe' Summonses on FedEx Corporation, DHL Express (USA), Inc., United Parcel Service, Inc., the Federal Reserve Bank of New York, The Clearing House Payments Company LLC, HSBC Bank USA, National Association, The Bank of New York Mellon Corporation, Wells Fargo Bank, National Association, Citibank, National Association, UBS AG, Bank of America, National Association, Deutsche Bank Trust Company Americas, and Nevis Services Limited as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the Southern District of New York.
IRS files ‘John Doe summons’ petitions to identify Trident Trust Group clients suspected of U.S. tax evasion
In an attempt to identify clients of international corporate services provider Trident Trust Group who are suspected of evading U.S. taxes, the IRS has applied to federal courts in New York, Georgia, and South Dakota for permission to serve 'John Doe Summonses' on courier services, financial institutions, correspondent banks, and Trident Trust Group itself.
Dubai-based BVI investment firms ‘All Blue’ seek Chapter 15 bankruptcy recognition in U.S. amid investigation into ‘$126M naked short trade losses’
The liquidators of Dubai-based, British Virgin Islands-domiciled All Blue Investments North Star 1 Ltd. and All Blue Investment Management Ltd. have filed for Chapter 15 bankruptcy recognition in Miami amid an investigation into losses of $126 million from "improper naked short trades" and the suspected shifting of trading profits to two Cayman Islands affiliates, Red Rowan Investments Ltd. and Washington Muse Investments SPC.
‘Remove my name or I’ll sue’, writes Singapore-based accountant Trisha Moustafa
Letter from Singapore-based accountant Trisha Moustafa threatening to sue OffshoreAlert if we did not remove her name from our website in connection with a complaint against LM Fund One Ltd. (in Official Liquidation) to which Moustafa was not a party, nor identified as such by OffshoreAlert, but in which she was identified as having corresponded with the plaintiff in her capacity as an employee of Bolder Fund Services (Singapore) Pte Ltd., which had allegedly accepted LM Fund One Ltd. as a client after the Fund's previous administrator had allegedly resigned.
Yao Guoliang v. Speed Success Group Ltd.: Winding Up Petition (‘Loss of Confidence’)
Winding Up Petition in Yao Guoliang, of Hong Kong v. Speed Success Group Limited, described as a shareholder in Strong Petrochemical Holdings Limited, which is "the listed holding company of a group of subsidiaries and related entities" with "operations in Hong Kong, Mainland China, Macau and Singapore" whose "core business ... is the trading of crude oil, petroleum products and petrochemicals", at the Grand Court of the Cayman Islands.
Inspire Inc.: Directors (Cayman Islands)
Director Details for Inspire Inc., obtained from the Cayman Islands General Registry on November 29th, 2024.
SEC v. Cyril Cabanes: Complaint (‘$250M Bribery’)
Complaint alleging violations of the Foreign Corrupt Practices Act in U.S. Securities and Exchange Commission v. Cyril Sebastien Dominique Cabanes, described as a citizen of France residing in Singapore, at the U.S. District Court for the Eastern District of New York.
Alameda Research Ltd. v. Crypto.com et al: Complaint (‘$11.4M Turnover & $18.4M Disallowance’)
Complaint in Alameda Research Ltd., of the British Virgin Islands v. Foris Dax MT Ltd., of Malta; Foris Dax Asia Pte. Ltd., of Singapore; Foris Dax Inc., collectively doing business as Crypto.com, and Iron Block Capital, of the Cayman Islands, at the U.S. Bankruptcy Court for the District of Delaware.
Genesis Group Ltd. v. LZG International Inc. et al: TRO Application (‘$18M Stock Purchase Agreement’)
Petition for Temporary Restraining Order in Genius Group Limited, of Singapore v. LZG International Inc., Michael Thomas Moe, and Peter Ritz, as Respondents, and VStock Transfer, LLC, as Nominal Respondent, at the U.S. District Court for the Southern District of New York.
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.
Alameda Research Ltd. v. Gate Technology Inc. et al: Complaint (‘$40M Turnover’)
Complaint "to recover more than $40 million of debtor assets held in a Gate.io exchange account belonging to Alameda" in Alameda Research Ltd., of the British Virgin Islands v. Gate Technology Inc., of the Cayman Islands; Gate Global Corp., of Panama; Gate Information Pte. Ltd., of Singapore, and Sun Yunzhi at the U.S. Bankruptcy Court for the District of Delaware.
Singapore-based student housing investment manager Shangxuan Tan sued by Chinese-owned Cayman lender over ‘$34M loan’
Amid allegations of fraud, 35-year-old Singapore-based student housing investment manager Shangxuan Tan is being sued by a Cayman Islands firm and its Chinese principal, Yanglong Song, regarding an allegedly outstanding loan of $34 million, with the plaintiffs seeking the appointment of a Receiver for Tan's North Carolina-based Ivy Fund Manager.
OC Ventures et al v. Ivy Fund Manager LLC et al: Complaint (‘$34M Loan’)
Complaint in OC Ventures, of the Cayman Islands, and Yanglong Song, a citizen and resident of China v. Ivy Fund Manager LLC, described as Delaware-domiciled, North Carolina-based "real estate investment and holding company, whose portfolio is comprised of student housing properties in the United States, including properties in Illinois, New York, North Carolina, and Alabama", and Shangxuan Tan, described as a resident of Singapore, at the U.S. District Court for the Southern District of New York.
Wayne Burt Pte. Ltd.: Chapter 15 Petition (Singapore)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Singapore by Farooq Ahmad Mann, as the Foreign Representative of Wayne Burt Pte. Ltd. (in Liquidation), whose "efforts at achieving a fair liquidation and distribution of assets have been frustrated and delayed by efforts from alleged creditors - Vertiv Capital, Inc., Vertiv Inc., and Gnaritas, Inc. - to litigate fabricated loan claims against the Chapter 15 Debtor in the United States District Court for the District of New Jersey rather than in the Singapore Liquidation Proceeding", filed at the U.S. Bankruptcy Court for the District of New Jersey.
U.S. takes forfeiture action against crypto linked to ‘$879M heists by North Korean military hacking groups’
The United States has filed forfeiture complaints against previously-seized Bitcoin and Tether that allegedly can be traced to the theft of crypto worth $879 million from at least five entities, including those in Japan, Singapore, U.S., and Vietnam, by "North Korean military hacking groups" known as the Lazarus Group and Advanced Persistent Threat 38 over 13 months in 2021-2022.
Xen Capital Asia Pte Ltd.: License Revocation (Dubai)
Final Notice by the Dubai Financial Services Authority that it has revoked the 'Financial Services' license of the "DIFC Representative Office" of Xen Capital Asia Pte Ltd., of Singapore.
ASAP International Hotel LLC v. Taylor Woods et al: Complaint (‘$200M Breach of Contract’)
Complaint for damages of over $200 million involving a trust in Singapore and describing defendants Woods and Wu as "fraudsters" who are "operating under the guise of real estate developers" in ASAP International Hotel LLC, of Delaware, USA v. Taylor Woods, Howard Wu, CWCI LLC, of the Cayman Islands, MWCI LLC, of the Cayman Islands, and Does 1-100 at the Superior Court of the State of California, County of Los Angeles, USA.
ASLAN Pharmaceuticals Ltd.: Directors (Cayman Islands)
Director Details for ASLAN Pharmaceuticals Limited, obtained from the Cayman Islands General Registry on September 30th, 2024.
Andrew Howden v. ASLAN Pharmaceuticals Ltd. Winding Up Petition (‘$7.5M Insolvency’)
Winding Up Petition in Andrew James Howden, of Manly, New South Wales, Australia v. ASLAN Pharmaceuticals Limited, described as the parent company of Singapore-domiciled ASLAN Pharmaceuticals Pte. Ltd. (in Creditors' Voluntary Liquidation), at the Grand Court of the Cayman Islands.
Eggriculture Foods Ltd.: ‘Scheme of Arrangement’ Petition (Cayman Islands)
Petition for the Court's sanction of a Scheme of Arrangement in the matter of Eggriculture Foods Ltd., described as Hong Kong and Singapore-based "investment holding company and its group is principally engaged in the production and sale of fresh eggs and processed egg products in Singapore", at the Grand Court of the Cayman Islands.
BSG Corp. et al v. New Enterprises Ltd. et al: Complaint (‘Sham Transaction’)
Complaint alleging "a sham transaction" in BSG Corp., formerly known as Bio-Signal Group Corp., and Punjab Partners LLC v. New Enterprises Ltd., described as "a privately held family investment trust incorporated in the British Virgin Islands with its principal place of business in Singapore", and Subramaniam Subbiah at the U.S. District Court for the Southern District of New York.
USA v. Malone Lam et al: Criminal Indictment (‘$230M Crypto Theft & Laundering’)
Criminal Indictment alleging conspiracy to steal and launder "over 4,100 Bitcoin" with a value of over $230 million regarding one unidentified "victim" in USA v. Malone Lam, a citizen of Singapore, and Jeandiel Serrano at the U.S. District Court for the District of Columbia.
LM Fund One Ltd.: Chapter 15 Petition (Cayman Islands)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Mark Longbottom and Kenneth Krys, of KRyS Global, as the Foreign Representatives of LM Fund One Limited (in Official Liquidation), described as a mutual fund, filed at the U.S. Bankruptcy Court for the Southern District of Florida.
I Concept Global Growth Fund: Restoration Application (Cayman Islands)
Originating Application in the matter of I Concept Global Growth Fund at the Grand Court of the Cayman Islands.
TDCX Inc.: ‘Fair Value’ Petition (Cayman Islands)
Petition in the matter of TDCX Inc., of Singapore, which "operates as an omnichannel customer experience solutions provider, as well as offering sales, digital marketing, content trust and safety services", at the Grand Court of the Cayman Islands.
Hesed Healthcare Investments Ltd.: Restoration Application (Cayman Islands)
Originating Application in the matter of Hesed Healthcare Investments Limited at the Grand Court of the Cayman Islands.
