Anguilla

Crithfield & Donaldson found guilty in offshore tax fraud scheme

July 13, 2017

Thirteen months after their bench trial at federal court in Florida ended, United States nationals Duane Crithfield and Stephen Donaldson, Sr. have been found guilty on all three counts concerning an offshore tax fraud scheme involving companies in Anguilla, the Bahamas and Nevis.

USA v. Duane Crithfield et al: Findings of Fact & Conclusions of Law

July 12, 2017

Findings of Fact and Conclusions of Law in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

CFTC v. Jason Scharf et al: SRO Motion

July 10, 2017

Ex Parte Motion for Statutory Restraining Order in U. S. Commodity Futures Trading Commission v. Jason B. Scharf, d.b.a. Citrades.com and AutoTradingBinary.com; CIT Investments LLC, Brevspand EOOD, C I T Investments Ltd., A&J Media Partners, Inc., Michael Shah, and Zilmil, Inc. at the U. S. District Court for the Middle District of Florida.

CFTC v. Jason Scharf et al: Complaint

July 10, 2017

Complaint in U. S. Commodity Futures Trading Commission v. Jason B. Scharf, d.b.a. Citrades.com and AutoTradingBinary.com; CIT Investments LLC, Brevspand EOOD, C I T Investments Ltd., A&J Media Partners, Inc., Michael Shah, and Zilmil, Inc. at the U. S. District Court for the Middle District of Florida.

Luis Benshimol v. David Brillembourg et al: Complaint

June 22, 2017

Complaint in Luis A. Benshimol v. David Brillembourg, Brilla Group, LLC, Brilla AJ RMB, LLC, Cap Juluca Segregated Portfolio M, Brilla Capital Investment Master Fund SPC, Ltd., Barilla RMB, LLC and CJ Villa 2, Ltd. at the U. S. District Court for the Southern District of Florida.

Caribbean regulator sued again for allegedly ‘fleecing’ foreign depositors

May 23, 2017

For at least the third time in four years, regional regulator the Eastern Caribbean Central Bank has been sued in the United States for allegedly swindling foreign clients of local banks, this time out of more than US$76 million. The latest complaint was filed by the Administrator of Caribbean Commercial Investment Bank Ltd.

Caribbean Commercial Investment Bank Ltd. v. Eastern Caribbean Central Bank et al: Complaint

May 1, 2017

Complaint in Caribbean Commercial Investment Bank Ltd. v. Caribbean Commercial Bank (Anguilla) Ltd., National Commercial Bank of Anguilla Ltd., and Eastern Caribbean Central Bank at the U. S. Bankruptcy Court for the Southern District of New York.

National Bank of Anguilla (Private Banking & Trust) Ltd. v. National Bank of Anguilla Ltd. et al: Amended Complaint

March 20, 2017

Amended Complaint in National Bank of Anguilla (Private Banking & Trust) Ltd. v. National Bank of Anguilla Ltd., National Commercial Bank of Anguilla Ltd., and the Eastern Caribbean Central Bank at the U. S. Bankruptcy Court for the Southern District of New York.

National Bank of Anguilla (Private Banking & Trust) Ltd. v. Robert Considine et al: Complaint

March 8, 2017

Complaint in National Bank of Anguilla (Private Banking & Trust) Ltd. v. Robert Considine and Anne Considine at the U. S. District Court for the District of South Carolina.

CSV Anguilla Owner LLC v. Brilla Capital Investment Master Fund SPC Ltd. et al: Complaint

February 8, 2017

Complaint in CSV Anguilla Owner LLC v. Brilla Capital Investment Master Fund SPC Ltd., on behalf of Brilla Cap Juluca Segregated Portfolio M, CJ Villa 1, Ltd., CJ Villa 2, Ltd., CJ Villa 3, Ltd., and Fidelity National Title Group at the U. S. District Court for the Southern District of New York.

Tauri Ursa Fund Ltd. et al: Notice of Suspension

January 24, 2017

Notice of License Suspensions by the Anguilla Financial Services Commission regarding Tauri Ursa Fund Ltd. and Tauri Ursa Partners Ltd.

Caribbean regulator accused of ‘fleecing’ foreign depositors

December 28, 2016

Foreign depositors of the insolvent National Bank of Anguilla group were 'fleeced' out of millions of dollars by its regulator - the Eastern Caribbean Central Bank - to benefit local depositors, including those at a newly-formed bank owned by Anguilla's government, an insolvency practitioner has claimed.

National Bank of Anguilla (Private Banking & Trust) Ltd. v. National Bank of Anguilla Ltd. et al: Complaint

December 16, 2016

Complaint in National Bank of Anguilla (Private Banking & Trust) Ltd. v. National Bank of Anguilla Ltd., National Commercial Bank of Anguilla Ltd., and the Eastern Caribbean Central Bank at the U. S. Bankruptcy Court for the Southern District of New York.

Caribbean Commercial Investment Bank Ltd.: Chapter 15 Petition

October 11, 2016

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Anguilla by William Tacon, as the Foreign Representative of Caribbean Commercial Investment Bank Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

USA v. Duane Crithfield et al: Donaldson’s Proposed Findings of Fact and Conclusions of Law

August 16, 2016

Stephen Donaldson, Sr.'s Proposed Findings of Fact and Conclusions of Law in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

USA v. Duane Crithfield et al: Crithfield’s Proposed Findings of Fact and Conclusions of Law

August 16, 2016

Duane Crithfield's Proposed Findings of Fact and Conclusions of Law in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

USA v. Duane Crithfield et al: USA’s Proposed Findings of Fact and Conclusions of Law

August 16, 2016

USA's Proposed Findings of Fact and Conclusions of Law in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

USA v. Duane Crithfield et al: Notice of Filing Redacted and/or Corrected Exhibits

July 18, 2016

Notice of Filing Redacted and/or Corrected Exhibits in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

Nicola Locke et al v. DMS Bank & Trust Ltd. et al: Writ of Summons

July 11, 2016

Writ of Summons in Nicola Locke et al v. DMS Bank & Trust Limited and CWM Limited at the Grand Court of the Cayman Islands.

USA v. Duane Crithfield et al: Defense Witness List

May 30, 2016

Defense Witness List in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

National Bank of Anguilla (Private Banking & Trust) Ltd.: Chapter 15 Petition

May 26, 2016

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Anguilla by William Tacon, as the Foreign Representative of National Bank of Anguilla (Private Banking & Trust) Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Transparency International: ‘Paradise Lost’ Report

April 7, 2016

Transparency International report entitled 'Paradise Lost: Ending the UK's role as a safe haven for corrupt individuals, their allies and assets'.

Anguilla captive accused of impeding tax investigation into US founder

March 1, 2016

Anguilla-domiciled captive insurer Insider Insurance Ltd. has been accused of failing to co-operate with an IRS investigation into a United States-based "affiliate", Carlyle Van Lines, Inc. A federal court in Arizona today ordered the captive to "show cause in writing why it should not be compelled to obey and comply with" an IRS summons that it has allegedly twice ignored.

USA v. Insider Insurance Ltd.: Petition to Enforce IRS Summons

February 24, 2016

Petition to Enforce IRS Summons in USA v. Insider Insurance Ltd., of Anguilla, regarding a tax investigation into Carlyle Van Lines, Inc., filed at the U. S. District Court for the District of Arizona.

USA v. Duane Crithfield et al: Duane Crithfield’s Sentencing Memorandum

February 12, 2016

Duane Crithfield's Sentencing Memorandum in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

USA v. Duane Crithfield et al: USA’s Sentencing Memorandum

November 27, 2015

USA's Sentencing Memorandum in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

Adelle Belle-Barry et al v. Joan Christian: Fixed Date Claim Form

October 1, 2015

Fixed Date Claim Form in Adelle Belle-Barry and Jenny A. Hodge v. Joan Christian at the British Virgin Islands High Court.

Anguilla regulator suspends Drake Incubator PCC after OffshoreAlert exposé

September 23, 2015

Anguilla-based mutual fund vehicle Drake Incubator PCC - which is controlled by BVI-based Drake Fund Advisors and the Osiris Group - has been suspended from providing any licensed services to its only sub-fund - GRRE Investment Fund - after OffshoreAlert exposed one of GRRE's directors, who is part of Belvedere Management Group's global criminal financial enterprise.

Crithfield and Donaldson admit fraud involving offshore tax scheme

August 5, 2015

Part-time Bahamas residents Duane Crithfield and Stephen Donaldson, Sr. each face up to three years in prison and a fine of $250,000 after pleading guilty to one count of tax fraud at federal court in Tampa regarding an offshore tax scheme.

USA v. Stephen Donaldson, Sr.: Amended Plea Agreement

August 5, 2015

Amended Plea Agreement in USA v. Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

USA v. Duane Crithfield: Plea Agreement

August 5, 2015

Plea Agreement in USA v. Duane Crithfield at the U. S. District Court for the Middle District of Florida.

USA v. Stephen Donaldson, Sr.: Plea Agreement

August 5, 2015

Plea Agreement in USA v. Stephen Donaldson at the U. S. District Court for the Middle District of Florida.

Drake Incubator PCC: Notice of Suspension

July 22, 2015

Notice of suspension of the mutual fund license of Drake Incubator PCC as it relates to Green Renewable Redeemable Energy Investment Fund, a.k.a. GRRE Investment Fund, by the Anguilla Financial Services Commission.

Belvedere associate Brian Weal’s latest fraud: Publicly-listed Etaireia Investments

June 30, 2015

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.

USA v. Treadstone Insurance PCC et al: Respondent’s Response

June 18, 2015

Respondent's Response in Opposition to Petition to Enforce IRS Summons in USA v. Keith Butler, as director of Treadstone Insurance PCC and Secretary of Ingenuity Matrix, Inc. at the U. S. District Court for the District of Arizona.

USA v. Treadstone Insurance PCC et al: Petition to Enforce IRS Summons

June 15, 2015

Petition to Enforce IRS Summons in USA v. Keith Butler, as director of Treadstone Insurance PCC and Secretary of Ingenuity Matrix, Inc. at the U. S. District Court for the District of Arizona.

BUSTED: British & Irish expats who help Belvedere Group swindle investors

May 22, 2015

One day after new directors were appointed to 'ensure' that Cayman-domiciled Brighton SPC would be operated legally, the Fund illegally acquired a Gibraltar firm with bogus assets of $125 million, OffshoreAlert can reveal. The transfer allowed Belvedere and its accomplices in Britain, Dubai, Gibraltar, Spain and elsewhere to continue securities frauds involving firms listed on stock exchanges in Denmark, England and Germany.

Family Office Nightmare: Quest to Recover Millions ‘Swindled’ in Estate Planning Scheme

May 5, 2015

This session will look at allegations that Richard Vento and his family were swindled by offshore providers in Anguilla, Bahamas, and Nevis after putting more than $30 million of assets into an estate planning scheme and detail the family's multi-jurisdictional legal battle to recover those assets.

Football Talent Fund et al: Investor Alert

November 14, 2014

Investor Alert by the Anguilla Financial Services Commission against Football Talent Fund, Cavendish Asset Management Ltd., and Global Agricultural Fund Ltd.

USA v. Duane Crithfield et al: Motion to Suppress Evidence

October 16, 2014

Defendants' Motion to Suppress Evidence in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

Anguilla judge refuses to enforce $7.4 m U.S. arbitration award

July 10, 2014

Anguilla High Court Judge Cheryl Mathurin has dismissed an application to enforce a $7.4 m foreign arbitration award against local attorney Keithley Lake and three offshore firms accused of swindling clients in a tax planning scheme.

USA v. Duane Crithfield et al: Status Report – June 16, 2014

June 16, 2014

Status Report in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

Richard Vento et al v. Keithley Lake et al: Judgment

June 4, 2014

Judgment dismissing application to enforce U. S. arbitration award in Richard Vento, Lana Vento, Gail Vento, Renee Vento, and Nicole Mollison v. Keithley Lake, Fidelity Insurance Company Ltd., Alliance Royalties Inc., Westminster, Hope & Turnberry Ltd. at Anguilla High Court.

Concept Oil Services Ltd. v. Alexander Kontsevoy et al: Fixed Date Claim Form

February 12, 2014

Fixed Date Claim Form in Concept Oil Services Ltd. v. Alexander Kontsevoy, Yerlan Buratov, and Akkert S.A. at the British Virgin Islands High Court.

USA v. Duane Crithfield et al: Superseding Indictment

July 25, 2013

Superseding Indictment regarding an alleged tax fraud scheme involving structures in the Bahamas, Nevis, Anguilla and the United States in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

USA v. S.A.C. Capital Advisors, LP et al: Forfeiture Complaint

July 25, 2013

Forfeiture Complaint in USA v. S.A.C. Capital Advisors, LP, Sigma Capital Management, LLC, S.A.C. Capital Advisors, LLC, and CR Intrinsic Investors, LLC, as defendants, and S.A.C. Offshore Capital Funding, Ltd., S.A.C. Spectrum Fund, LLC, S.A.C. Global Macro Fund, LLC, S.A.C. Arbitrage Fund, LLC, S.A.C. MultiQuant Fund, L.P., S.A.C. Private Equity Investors, L.P., S.A.C. Domestic Investments, L.P., S.A.C. Domestic Capital Funding, Ltd., Canvas Capital Associates, LLC, Sigma Capital Associates, LLC, S.A.C. Capital Associates, LLC, S.A.C. Strategic Investments, LLC, S.A.C. Meridian Fund, LLC, S.A.C. International Equities, LLC, International Equities (S.A.C. Asia) Ltd., S.A.C. Structured Investments, L.P., Sigma Fixed Income Fund, Ltd., S.A.C. Select Fund, LLC, S.A.C. Energy Investments, L.P., S.A.C. Genesis Fund, LLC, S.A.C. Healthco Fund, LLC, and S.A.C. Domestic Investments (CA), LLC, as defendants in rem, at the U. S. District Court for the Southern District of New York.

USA v. Duane Crithfield et al: Status Report – July 15, 2013

July 15, 2013

Status Report in USA v. Duane Crithfield and Stephen Donaldson, Sr. at the U. S. District Court for the Middle District of Florida.

Maven Assurance Ltd. et al v. Johnson Lambert LLP et al: Complaint

June 27, 2013

Complaint in Maven Assurance Ltd. and Maven Life International Ltd., both of Anguilla, v. Johnson Lambert LLP and Johnson Lambert & Co. LLP at the Circuit Court for Cook County, Illinois.

Bahamas residents indicted in U.S. for alleged offshore tax fraud scheme

May 25, 2013

Part-time Bahamas residents Duane Crithfield and Stephen Donaldson, Sr. have been criminally charged in the United States with operating a tax fraud scheme involving trust, insurance and other offshore companies in Anguilla, Nevis and the Bahamas.

Salty Brine I, Ltd. et al v. USA: Order

May 16, 2013

Order in Salty Brine I, Ltd. and Salty Brine, Inc. v. USA at the U. S. District Court for the Northern District of Texas.