United Arab Emirates

SEC v. Arbitrade Ltd. et al: Order Denying Motions to Dismiss

April 5, 2023

Order denying defendants' motions to dismiss a complaint alleging "a crypto asset pump-and-dump 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, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

Regulus Capital Ltd. v. AVIVO Group: Winding Up Petition (‘$14.7M Debt’)

April 4, 2023

Winding Up Petition in Regulus Capital Ltd. v. AVIVO Group, which is based in Dubai, United Arab Emirates, at the Grand Court of the Cayman Islands.

Virgin Orbit Holdings Inc. et al: Chapter 11 Petition

April 4, 2023

Chapter 11 Petition by Virgin Orbit Holdings Inc., JACM Holdings inc., Vieco USA Inc., Virgin Orbit LLC, and Virgin Orbit National Systems LLC, filed at the U.S. Bankruptcy Court for the District of Delaware.

Michael Sizemore et al v. Changpeng Zhao et al: Class Action Complaint (‘$1B Crypto Fraud’)

March 31, 2023

Class Action Complaint in Michael Sizemore, Mikey Vongdara, and Rudy Vazquez v. Changpeng Zhao, described as a citizen of Canada residing in Dubai, UAE; Binance Holdings Limited, of the Cayman Islands; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland; BAM Trading Services Inc., of Delaware; Jimmy Butler, a professional basketball player; Graham Stephan, described as "a YouTube star with over 4.1 million subscribers to his YouTube pages", and Ben Armstrong, described as "a YouTuber with more than 1.5 million subscribers to his YouTube page", at the U.S. District Court for the Southern District of Florida.

BrightMill Inter Corp. et al v. 17 Arm Africa and CIS Opportunity Fund 1 Ltd.: Winding Up Petition (‘Loss of Trust & Confidence’)

March 30, 2023

Winding Up Petition in BrightMill Inter Corp., of the Seychelles, and KSV Ltd., of the Bahamas v. 17 Arm Africa and CIS Opportunity Fund 1 Ltd., described as a United Arab emirates-domiciled company "which purports to specialise in the provision of strategic advice concerning, among other things, legal case management" and whose "principal" is "Patrick James Meade, Earl of Clanwilliam", at the Supreme Court of the Bahamas.

USA v. Ho Wan Kwok et al: First Superseding Indictment (‘$1B Securities Fraud & Money Laundering’)

March 29, 2023

First Superseding Indictment in USA v. Ho Wan Kwok, described as "an exiled Chinese businessman who fled to the United States"; Kin Ming Je, described as "a dual citizen of Hong Kong and the United Kingdom who principally resided in the United Kingdom", and Yanping Wang at the U.S. District Court for the Southern District of New York.

MBC Group Holdings Ltd. v. Majestic Media Sports Ltd.: Winding Up Petition (‘Management Deadlock’)

March 28, 2023

Winding Up Petition regarding MBC International Ltd. in MBC Group Holdings Limited, of the British Virgin Islands v. Majestic Media Sports Limited at the Grand Court of the Cayman Islands.

CFTC v. Changpeng Zhao et al: Complaint

March 27, 2023

Complaint regarding "the world’s largest centralized digital asset exchange" in Commodity Futures Trading Commission v. Changpeng Zhao, described as a citizen of Canada residing in Dubai; Binance Holdings Limited, of the Cayman Islands; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland, and Samuel Lim, described as a resident of Singapore, at the U.S. District Court for the Northern District of Illinois.

Lindsay Lohan: $40K Penalties (‘Crypto Promotion’)

March 22, 2023

Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $40,000 on Lindsay Lohan, described as "a well-known actress, singer, and internet personality" residing in Dubai, United Arab Emirates, for promoting a crypto security known as "Tronix tokens" without disclosing that she was paid to do so.

Mammoet Salvage BV v. Citibank NA et al: Discovery Application (Belgium, Netherlands & United Arab Emirates)

March 21, 2023

Application by Mammoet Salvage B.V., of the Netherlands, to take discovery from Citibank NA, Commerzbank AG, JPMorgan Chase Bank N.A., MashreqBank PSC, MUFG Bank Ltd., Standard Chartered Bank, and UniCredit Bank AG, described as "correspondent banks of the Trade Bank of Iraq", for use in "currently pending foreign court proceedings in the Netherlands and the United Arab Emirates and contemplated enforcement proceedings in Belgium" regarding "efforts to recognize and enforce an arbitral award in excess of a principal amount of US$85 million entered in favor of Mammoet and against BOC [Basra Oil Company]", at the U.S. District Court for the Southern District of New York.

ABRAAJ Investment Management Ltd. v. Bank of America et al: Amended Discovery Memorandum of Law (Cayman Islands)

March 17, 2023

Amended Memorandum of Law in support of Amended Application by the Joint Official Liquidators of ABRAAJ Investment Management Limited, of the Cayman Islands, to take discovery from Bank of America, N.A., The Bank of New York Mellon, Citibank, N.A., Deutsche Bank AG, New York Branch; Deutsche Bank Trust Company Americas, Goldman Sachs and Co., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Mashreqbank PSC, New York Branch; Standard Chartered Bank US, a.k.a. Standard Chartered Bank, New York Branch; Wells Fargo Bank N.A., Barclays Bank PLC, New York Branch; Société Generale North America; BNP Paribas USA Inc.; Bank of Nova Scotia, UBS AG, New York Branch, Commerzbank AG, New York Branch; and The Clearing House Payments Company LLC for use in legal proceedings in the Cayman Islands regarding an alleged $385 million fraud by Pakistan citizen Asif Masood Naqvi, filed at the U. S. District Court for the Southern District of New York.

Neoma Manager (Mauritius) Ltd. et al v. Abraaj ABOF IV SPV Ltd. et al: Judgment

March 10, 2023

Judgment in Neoma Manager (Mauritius) Limited, as manager of Neoma Private Equity Fund IV LP v. Abraaj ABOF IV SPV Limited, Mark Longbottom and Geoffrey Varga, as Trustees of the Creditors of Members of ABOF IV Fund Investor Limited, Dissolved; Columbus Ventures Limited, acting by its Joint Receivers, Mark Shaw and Russell Smith; MENA Vehicle Limited, acting by its Joint Receivers, Mark Shaw and Russell Smith, and Abraaj General Partner VIII Limited, as General Partner of Neoma Private Equity Fund IV LP, at the Grand Court of the Cayman Islands.

Telford Offshore Holdings Ltd.: Directors (Cayman Islands)

March 9, 2023

Director Details for Telford Offshore Holdings Limited, obtained from the Cayman Islands General Registry on March 9th, 2023.

USA v. Ho Wan Kwok et al: Criminal Indictment (‘$1B Securities Fraud & Money Laundering’)

March 6, 2023

Criminal Indictment for securities fraud and money laundering with "hundreds of millions of dollars of the fraudulent scheme's proceeds" going into "bank accounts in the United States, Bahamas, and United Arab Emirates, among other places" in USA v. Ho Wan Kwok, a.k.a. Miles Guo, Miles Kwok, Guo Wengui, Brother Seven, and The Principal, described as "an exiled Chinese businessman who fled to the United States", and Kin Ming Je, a.k.a. William Je, described as "a dual citizen of Hong Kong and the United Kingdom who principally resided in the United Kingdom", at the U.S. District Court for the Southern District of New York.

GLAS Trust Corporation Ltd. v. Telford Offshore Holdings Ltd.: Winding up Petition (‘£17.9M Debt’)

March 2, 2023

Winding Up Petition in GLAS Trust Corporation Limited, of England v. Telford Offshore Holdings Limited, described as "the holding company of a group of companies (the Group) incorporated in, amongst others, the Cayman Islands, the British Virgin Islands, the United Arab Emirates and the Netherlands", at the Grand Court of the Cayman Islands.

GLAS Trust Corporation Ltd. v. Telford Offshore Ltd.: Winding up Petition (‘$18M Debt’)

March 2, 2023

Winding Up Petition in GLAS Trust Corporation Limited, of England and Wales v. Telford Offshore Limited, described as "an intermediate holding company of a group of companies (the Group) incorporated in, amongst others, the Cayman Islands, the British Virgin Islands, the United Arab Emirates and the Netherlands", at the Grand Court of the Cayman Islands.

Damien Byrne v. Citibank et al: Discovery Application (United Arab Emirates)

February 23, 2023

Application by Damien James Byrne, a citizen of Ireland residing in the United Arab Emirates, to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, New York Branch; HSBC Bank, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust Co. Americas, The Bank of Nova Scotia, New York Agency; UBS AG, Bank of America, N.A., Standard Chartered Bank US, Commerzbank AG, New York Branch; and The Clearing House Payment Company LLC for use in legal proceedings in the United Arab Emirates alleging fraud "against Mustansir Hamza Khetty Dawoodbhoy, Omar Hassan Ali Alattar and Mehboob Hamza Khetty Dawoodbhoy" at the U.S. District Court for the Southern District of New York.

Michael Latefi et al v. CLAW Restaurant Holdings Ltd.: Liquidation Application (‘AED 6.1M Debt’)

February 21, 2023

Originating Application in Michael Latefi, Saif Al Zarouni, and Ali Jassim v. CLAW Restaurant Holdings Ltd. at the British Virgin Islands High Court.

China Renaissance Securities (Hong Kong) Ltd. v. ICONIQ Holding Ltd.: Winding Up Petition (‘$5.7M Debt’)

February 20, 2023

Winding Up Petition in China Renaissance Securities (Hong Kong) Limited, of Hong Kong v. ICONIQ Holding Limited, a Cayman Islands company based in Dubai, at the Grand Court of the Cayman Islands.

Matson Magleby et al v. Silvergate Bank et al: Class Action Complaint (‘FTX Crypto Fraud’)

February 14, 2023

Class Action Complaint alleging "Silvergate is liable for its role in furthering FTX’s investment fraud and breaches of fiduciary duty" in Matson Magleby, of Utah, and Golam Sakline, a citizen of the United Kingdom residing in Dubai v. Silvergate Bank and Silvergate Capital Corporation at the U.S. District Court for the Northern District of California.

Cerner Middle East Ltd. v. Belbadi Enterprises LLC et al: Complaint to Enforce UAE Judgment (AED 231M)

February 10, 2023

Complaint "for recognition and enforcement of a foreign-country money judgment issued by the Abu Dhabi Commercial Court" in Cerner Middle East Limited, described as a Cayman Islands company based in Kansas City, Missouri v. Belbadi Enterprises LLC, of the United Arab Emirates; Vandevco Limited, of Washinton, and Orland Ltd., of Oregon, as Defendants, and Willamette Enterprises Ltd., of the Cayman Islands, and Belbadi Engineering LLC, of the United Arab Emirates, as Nominal Defendants, at the U.S. District Court for the Western District of Washington.

Stuart Coles: Amended $44.8K Fine & Disqualification (Dubai)

February 1, 2023

Amended Decision Notice by the Dubai Financial Services Authority imposing a fine of $44,800 and industry ban on Stuart Coles, a citizen of the United Kingdom.

FTX Trading Ltd. et al: List of Creditors

January 25, 2023

List of Creditors of 'FTX Trading Ltd. et al' crypto group, filed at the U.S. Bankruptcy Court for the District of Delaware.

SEC v. Stephen Braverman: Braverman’s Motion to Dismiss (‘$37M Crypto Fraud’)

January 13, 2023

Defendant Stephen Braverman's Motion to Dismiss 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.

SEC v. James Goldberg: Goldberg’s Motion to Dismiss (‘$37M Crypto Fraud’)

January 12, 2023

Defendant James Goldberg's Motion to Dismiss 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.

Carbon Holdings Ltd.: Petition for Restructuring Officers

January 10, 2023

Petition for the Appointment of Restructuring Officers in the matter of Carbon Holdings Limited, described as "the holding company of a group of companies" whose "principal business ... is the ownership, management and operation of petrochemical projects in the Suez region of Egypt", at the Grand Court of the Cayman Islands.

Alcazar Capital Partners: Directors (Cayman Islands)

January 10, 2023

Director Details for Alcazar Capital Partners, obtained from the Cayman Islands General Registry on January 10th, 2023.

Alcazar Capital Partners v. Kurdistan Regional Government of Iraq: Complaint to Enforce ‘$490M Kuwait Judgment’

January 9, 2023

Complaint to enforce a $490 million "Kuwait Judgment" in Alcazar Capital Partners, described as "a private equity firm regulated by the Dubai Financial Services Authority with its registered offices at Ugland House, South Church Street, George Town, Cayman Islands" v. Kurdistan Regional Government of Iraq at the U.S. District Court for the Southern District of New York.

OBN Private Jet Ltd.: Restoration Application

January 5, 2023

Originating Application in the matter of OBN Private Jet Limited at the Grand Court of the Cayman Islands.

USA v. Aurelien Michel: Criminal Complaint (‘$2.9M Mutant Ape Planet NFT Crypto Fraud’)

January 4, 2023

Criminal Complaint in USA v. Aurelien Michel, a citizen of France residing in the United Arab Emirates, at the U.S. District Court for the Eastern District of New York.

Nigel Green v. Financial Sector Conduct Authority: Decision Setting Aside Fine & Disqualification (South Africa)

January 4, 2023

Decision by South Africa's Financial Services Tribunal setting aside a fine and disqualification in Nigel James Green, a citizen of the United Kingdom residing in the United Arab Emirates who is principal of deVere Group v. South Africa's Financial Conduct Authority.

Rasmala Trade Finance Fund v. Trafigura Pte Ltd.: Amended Defense (‘$22M Fraud’)

December 9, 2022

Amended Defense in Rasmala Trade Finance Fund, of the Cayman Islands v. Trafigura Pte Limited, of Singapore, at the High Court of Justice of England and Wales.

Soumiya Pereira Nee Tamboula Ibrahim v. Unicon Holding: Judgment (‘Application to Appoint Inspector’)

November 21, 2022

Judgment regarding an application for the appointment of an Inspector in Soumiya Pereira Nee Tamboula Ibrahim v. Unicon Holding at the Grand Court of the Cayman Islands.

Rasmala Trade Finance Fund v. Trafigura Pte Ltd.: Second Amended Complaint (‘$22M Fraud’)

November 18, 2022

Re-Amended Particulars of Claim alleging a $22 million fraud by Farlin Energy & Commodities FZE, of the United Arab Emirates, whose proceeds "were used towards the settlement of Farlin's historic debts with Trafigura" in Rasmala Trade Finance Fund, of the Cayman Islands v. Trafigura Pte Limited, of Singapore, at the High Court of Justice of England and Wales.

FTX Trading Ltd. et al: Affidavit Supporting Chapter 11 Petitions (‘Complete Absence of Trustworthy Financial Information’)

November 17, 2022

Affidavit of John J. Ray III, including statements that "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here" and "related party loans" were made to Sam Bankman-Fried, $1 billion; Nishad Aingh, $543 million, and Ryan Salame, $55 million, in support of Chapter 11 Petitions by 102 entities comprising the FTX crypto group, including those in Antigua and Barbuda, Australia, Bahamas, British Virgin Islands, Canada, Cayman Islands, Cyprus, Egypt, Germany, Ghana, Gibraltar, Hong Kong, India, Ireland, Japan, Kenya, Liechtenstein, Nigeria, Panama, Senegal, Seychelles, Singapore, South Africa, South Korea, Switzerland, Tanzania, Turkey, Uganda, United Arab Emirates, USA, and Vietnam, filed at the U.S. Bankruptcy Court for the District of Delaware.

FTX Trading Ltd. et al: Motion to Transfer & Stay Chapter 15 Petition

November 16, 2022

Emergency Motion to Stay and Transfer Chapter 15 Petition from New York to Delaware by 101 entities (reduced from 134 identified in the Chapter 11 Petition) comprising the FTX crypto group, including those in Antigua and Barbuda, Australia, Bahamas, British Virgin Islands, Canada, Cayman Islands, Cyprus, Egypt, Germany, Ghana, Gibraltar, Hong Kong, India, Ireland, Japan, Kenya, Liechtenstein, Nigeria, Panama, Senegal, Seychelles, Singapore, South Africa, South Korea, Switzerland, Tanzania, Turkey, Uganda, United Arab Emirates, USA, and Vietnam, filed at the U.S. Bankruptcy Court for the District of Delaware. In the motion, FTX's new management accused the Bahamas government and regulators of, essentially, misappropriating the group's assets, in conjunction with former FTX principals Samuel Bankman-Fried and Gary Wang, as part of an attempt to "undermine these Chapter 11 Cases".

FTX Trading Ltd. et al: Motion for Joint Administration (‘More Than One Million Creditors’)

November 14, 2022

Motion for Joint Administration and Motion Modifying Certain Creditor List Requirements, Authorizing the Debtors to Serve Certain Parties by E-Mail, and Granting Related Relief in the matter of Alameda Aus Pty Ltd., Alameda Global Services Ltd., Alameda Research (Bahamas) Ltd., Alameda Research Holdings Inc., Alameda Research KK, Alameda Research LLC, Alameda Research Ltd., Alameda Research Pte Ltd., Alameda Research Yankari Ltd., Alameda TR Ltd., Alameda TR Systems S. de R. L., Allston Way Ltd., Altalix Ltd., Analisya Pte Ltd., Atlantis Technology Ltd., B for Transfer Egypt, B Payment Services Nigeria, B Transfer Services Ltd., B Transfer Services Ltd. UAE, B Transfer Services Uganda, Bancroft Way Ltd., BitPesa Kenya Ltd., BitPesa RDC SARL, BitPesa Senegal Ltd., BitPesa South Africa, BitPesa Tanzania Ltd., BitPesa Uganda Ltd., Bitvo, Inc., Blockfolio Holdings, Inc., Blockfolio, Inc., Blue Ridge Ltd., BT Payment Services Ghana, BT Payment Services South Africa, BT Payments Uganda, BT Pesa Nigeria Ltd., BTC Africa S.A., BTLS Limited Tanzania, Cardinal Ventures Ltd., Cedar Bay Ltd., Cedar Grove Technology Services, Ltd., Clifton Bay Investments LLC, Clifton Bay Investments Ltd., CM-Equity AG, Corner Stone Staffing, Cottonwood Grove Ltd., Cottonwood Technologies Ltd., Crypto Bahamas LLC, DAAG Trading, DMCC, Deck Technologies Holdings LLC, Deck Technologies Inc., Deep Creek Ltd., Digital Custody Inc., Euclid Way Ltd., Exchange 4 Free Seychellen, Exchange 4Free Australia Br., Exchange 4Free Ltd., Exchange 4Free South Africa Br., Exchange 4Free Swiss Branch, Finfax Company, FTX (Gibraltar) Ltd., FTX Canada Inc., FTX Certificates GmbH, FTX Crypto Services Ltd., FTX Digital Assets LLC, FTX Digital Holdings (Singapore) Pte Ltd., FTX EMEA Ltd., FTX Equity Record Holdings Ltd., FTX Europe AG, FTX Exchange FZE, FTX Hong Kong Ltd., FTX Japan Holdings K.K., FTX Japan K.K., FTX Japan Services KK, FTX Lend Inc., FTX Marketplace, Inc., FTX Products (Singapore) Pte Ltd., FTX Property Holdings Ltd., FTX Services Solutions Ltd., FTX Structured Products AG, FTX Switzerland GmbH, FTX Trading GmbH, FTX Trading Ltd., FTX TURKEY TEKNOLOJİ VE TİCARET ANONİM ŞİRKET, FTX US Derivatives LLC, FTX US Services, Inc., FTX US Trading, Inc., FTX Vault Trust Company, FTX Ventures Ltd., FTX Ventures Partnership, FTX Zuma Ltd., GG Trading Terminal Ltd., Global Compass Dynamics Ltd., Good Luck Games, LLC, Goodman Investments Ltd., Hannam Group Inc., Hawaii Digital Assets Inc., Hilltop Technology Services LLC, Hive Empire Trading Pty Ltd., Innovatia Ltd., Island Bay Ventures Inc., K-DNA Financial Services Ltd., Killarney Lake Investments Ltd., Ledger Holdings Inc., LedgerPrime Bitcoin Yield Enhancement Fund, LLC, LedgerPrime Bitcoin Yield Enhancement Master Fund LP, LedgerPrime Digital Asset Opportunities Fund, LLC, LedgerPrime Digital Asset Opportunities Master Fund LP, Ledger Prime LLC, LedgerPrime Ventures, LP, Liquid Financial USA Inc., LiquidEX LLC, Liquid Securities Singapore Pte Ltd., LT Baskets Ltd., Maclaurin Investments Ltd., Mangrove Cay Ltd., North Dimension Inc., North Dimension Ltd., North Wireless Dimension Inc., Paper Bird Inc., Pioneer Street Inc., Quoine India Pte Ltd., Quoine Pte Ltd., Quoine Vietnam Co. Ltd., SNG INVESTMENTS YATIRIM VE DANIŞMANLIK ANONİM ŞİRKETİ, Strategy Ark Collective Ltd., Technology Services Bahamas Limited, Tigetwit Ltd., TransferZero, Verdant Canyon Capital LLC, West Innovative Barista Ltd., West Realm Shires Financial Services Inc., West Realm Shires Services Inc., Western Concord Enterprises Ltd., and ZUBR Exchange Ltd. at the U.S. Bankruptcy Court for the District of Delaware.

FTX Trading Ltd. et al: Chapter 11 Petition

November 11, 2022

Chapter 11 Petition by 134 entities comprising the FTX Group, including those in Antigua and Barbuda, Australia, Bahamas, British Virgin Islands, Canada, Cayman Islands, Cyprus, Egypt, Germany, Ghana, Gibraltar, Hong Kong, India, Ireland, Japan, Kenya, Liechtenstein, Nigeria, Panama, Senegal, Seychelles, Singapore, South Africa, South Korea, Switzerland, Tanzania, Turkey, Uganda, United Arab Emirates, USA, and Vietnam, namely Alameda Aus Pty Ltd., Alameda Global Services Ltd., Alameda Research (Bahamas) Ltd., Alameda Research Holdings Inc., Alameda Research KK, Alameda Research LLC, Alameda Research Ltd., Alameda Research Pte Ltd., Alameda Research Yankari Ltd., Alameda TR Ltd., Alameda TR Systems S. de R. L., Allston Way Ltd., Altalix Ltd., Analisya Pte Ltd., Atlantis Technology Ltd., B for Transfer Egypt, B Payment Services Nigeria, B Transfer Services Ltd., B Transfer Services Ltd. UAE, B Transfer Services Uganda, Bancroft Way Ltd., BitPesa Kenya Ltd., BitPesa RDC SARL, BitPesa Senegal Ltd., BitPesa South Africa, BitPesa Tanzania Ltd., BitPesa Uganda Ltd., Bitvo, Inc., Blockfolio Holdings, Inc., Blockfolio, Inc., Blue Ridge Ltd., BT Payment Services Ghana, BT Payment Services South Africa, BT Payments Uganda, BT Pesa Nigeria Ltd., BTC Africa S.A., BTLS Limited Tanzania, Cardinal Ventures Ltd., Cedar Bay Ltd., Cedar Grove Technology Services, Ltd., Clifton Bay Investments LLC, Clifton Bay Investments Ltd., CM-Equity AG, Corner Stone Staffing, Cottonwood Grove Ltd., Cottonwood Technologies Ltd., Crypto Bahamas LLC, DAAG Trading, DMCC, Deck Technologies Holdings LLC, Deck Technologies Inc., Deep Creek Ltd., Digital Custody Inc., Euclid Way Ltd., Exchange 4 Free Seychellen, Exchange 4Free Australia Br., Exchange 4Free Ltd., Exchange 4Free South Africa Br., Exchange 4Free Swiss Branch, Finfax Company, FTX (Gibraltar) Ltd., FTX Canada Inc., FTX Certificates GmbH, FTX Crypto Services Ltd., FTX Digital Assets LLC, FTX Digital Holdings (Singapore) Pte Ltd., FTX EMEA Ltd., FTX Equity Record Holdings Ltd., FTX Europe AG, FTX Exchange FZE, FTX Hong Kong Ltd., FTX Japan Holdings K.K., FTX Japan K.K., FTX Japan Services KK, FTX Lend Inc., FTX Marketplace, Inc., FTX Products (Singapore) Pte Ltd., FTX Property Holdings Ltd., FTX Services Solutions Ltd., FTX Structured Products AG, FTX Switzerland GmbH, FTX Trading GmbH, FTX Trading Ltd., FTX Turkey Teknoloji ve Ticaret AŞ, FTX US Derivatives LLC, FTX US Services, Inc., FTX US Trading, Inc., FTX Vault Trust Company, FTX Ventures Ltd., FTX Ventures Partnership, FTX Zuma Ltd., GG Trading Terminal Ltd., Global Compass Dynamics Ltd., Good Luck Games, LLC, Goodman Investments Ltd., Hannam Group Inc., Hawaii Digital Assets Inc., Hilltop Technology Services LLC, Hive Empire Trading Pty Ltd., Innovatia Ltd., Island Bay Ventures Inc., K-DNA Financial Services Ltd., Killarney Lake Investments Ltd., Ledger Holdings Inc., LedgerPrime Bitcoin Yield Enhancement Fund, LLC, LedgerPrime Bitcoin Yield Enhancement Master Fund LP, LedgerPrime Digital Asset Opportunities Fund, LLC, LedgerPrime Digital Asset Opportunities Master Fund LP, Ledger Prime LLC, LedgerPrime Ventures, LP, Liquid Financial USA Inc., LiquidEX LLC, Liquid Securities Singapore Pte Ltd., LT Baskets Ltd., Maclaurin Investments Ltd., Mangrove Cay Ltd., North Dimension Inc., North Dimension Ltd., North Wireless Dimension Inc., Paper Bird Inc., Pioneer Street Inc., Quoine India Pte Ltd., Quoine Pte Ltd., Quoine Vietnam Co. Ltd., SNG Investments Yatirim ve Danişmanlik AŞ, Strategy Ark Collective Ltd., Technology Services Bahamas Limited, Tigetwit Ltd., TransferZero, Verdant Canyon Capital LLC, West Innovative Barista Ltd., West Realm Shires Financial Services Inc., West Realm Shires Services Inc., Western Concord Enterprises Ltd., and ZUBR Exchange Ltd. at the U.S. Bankruptcy Court for the District of Delaware.

Barrakuda Ltd. v. BVI Registrar of Corporate Affairs: Fixed Date Claim (‘Void Merger’)

November 1, 2022

Fixed Date Claim Form to void a merger in Barrakuda Limited v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

RAKIA v. Farhad Azima: Judgment (‘RAKIA Hacking & Fraud’)

November 1, 2022

Judgment granting an application by Farhad Azima for permission to bring an additional counterclaim against the original claimant (RAKIA) on the grounds that it had obtained a judgment by fraud in Ras Al Khaimah Investment Authority, described as "the sovereign wealth fund of the Emirate of Ras Al Khaimah, part of the United Arab Emirates" v. Farhad Azima, described as "a US-based businessman, principally involved in the aviation industry"; David Neil Gerrard, Dechert LLP, and James Edward Dennison Buchanan at the High Court of Justice for England and Wales.

William Powers v. Greymountain Management Ltd. et al: Judgment (‘€186M Binary Options Fraud’)

October 28, 2022

Judgment warding $124,027 to one of the victims of an alleged €186M binary options-based investment fraud in William Thomas Powers in Greymountain Management Limited (in Liquidation), of Ireland; Ryan Coates, Liam Grainger, David Cartu, and Jonathon Cartu at the High Court of Ireland.

UAE Uncovered: The New Ground Zero for Financial Crime

October 17, 2022

Behind the United Arab Emirates' gaudy exterior is a not-so-pretty side. This video will look at evidence that the UAE, particularly Dubai, has become a popular jurisdiction with investment fraudsters, oligarchs, sanctioned politicians, and money launderers, whom the country appears to welcome with open arms.

Farhad Azima et al v. Dechert LLP et al: Complaint (‘Racketeering’)

October 13, 2022

Complaint alleging "a sophisticated and organized group of individuals and entities led by Neil Gerrard engaged in a global campaign against perceived enemies of Ras Al Khaimah, a client of Dechert LLP" in Farhad Azima, described as "a successful entrepreneur" who has "founded and built numerous successful companies over the course of almost 50 years, including serving as chairman and CEO of multiple airlines"; ALG Transportation Inc., Main 3260 LLC, FFV W39 LLC, and FFV Development LLC v. Dechert LLP, David Neil Gerrard, David Graham Hughes, Nicholas del Rosso, Vital Management Services Inc., Amit Forlit, Insight Analysis and Research LLC, SDC-Gadot LLC, Amir Handjani, Andrew Frank, and KARV Communications at the U.S. District Court for the Southern District of New York.

‘Remove improperly obtained Cayman judgment that’s been set aside,’ writes Joseph Borkowski’s law firm

October 7, 2022

Letter from Mourant Ozannes law firm, on behalf of "Joseph Borkowski, a director of RF Investment Holdings Limited (formerly Rasia)", requesting the removal from OffshoreAlert's website of a "Strike Out Judgment and the findings of fact" at the Grand Court of the Cayman Islands that has been "set aside" by the Court because it was "improperly obtained" by the plaintiff, claiming that our continued publication of the judgment was "defamatory" and a "breach" of a Court order.

Detained IP & Bank Whistleblower to speak at OffshoreAlert London

October 6, 2022

An insolvency practitioner who was prevented from leaving Dubai for three months and a bank compliance head who claims she was targeted by Dubai authorities after whistleblowing about suspected money […]

Blockster Holdings Ltd.: Directors & Shareholders

October 2, 2022

Report identifying directors and shareholders of Blockster Holdings Limited, obtained from Companies House Gibraltar on October 2nd, 2022.

Ontario Securities Commission v. Troy Hogg et al: Statement of Allegations (‘US$51M Crypto Fraud’)

September 30, 2022

Statement of Allegations alleging a US$51 million crypto-based investment fraud in the 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, before the OSC's Capital Markets Tribunal.

U.S. and Canadian regulators accuse Bermuda’s Arbitrade & insiders of ‘$51M crypto investment fraud’

September 30, 2022

Nearly four years after it was exposed by OffshoreAlert, Bermuda-domiciled Arbitrade Ltd. and related parties, including Troy Hogg, Stephen Braverman, James Goldberg, and Max Barber, have been accused of perpetrating a $51 million crypto-based investment fraud by securities regulators in the United States and Canada.

SEC v. Arbitrade Ltd. et al: Complaint (‘$37M Crypto Fraud’)

September 30, 2022

Complaint alleging "a crypto asset pump-and-dump 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, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

USA v. Yury Orekhov et al: Criminal Indictment (‘Sanctions Evasion’)

September 26, 2022

Criminal Indictment alleging "a fraud, illegal export and money laundering operation under the umbrella of NDA GmbH", described as "a privately-held industrial equipment and commodity trading company located in Hamburg, Germany", in USA v. Yury Orekhov, described as "a Russian national who resided in Germany and the United Arab Emirates"; Artem Uss, described as "a Russian national" and "the son of a Russian politician who served as the governor of Russia's Krasnoyarsk Krai region"; Svetlana Kuzurgasheva, a.k.a. Lana Neumann, a citizen of Russia; Juan Fernando Serrano Ponce, a citizen of Spain; Juan Carlos Soto, of Venezuela; Timofey Telegin, a citizen of Russia, and Sergey Tulyakov, of Russia, at the U.S. District Court for the Eastern District of New York.