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.
Binance sues bankrupt crypto broker Voyager Digital for return of $10M deposit after failed asset purchase deal
Crypto exchange Binance.US is suing bankrupt crypto broker Voyager Digital for the return of a $10 million deposit it paid under an unconsummated deal to purchase "all or substantially all cryptocurrency on the Voyager platform", move it to Binance, and return it to customers so they could continue trading.
Binance.US v. Voyager Digital LLC et al: Complaint (‘$10M Breach of Contract’)
Complaint "for the return of its $10 million deposit" regarding "an asset purchase agreement with West Realm Shires Inc, also known as FTX, for the acquisition of Voyager's assets" in BAM Trading Services Inc., d.b.a. Binance.US v. Voyager Digital LLC, Voyager Digital Holdings Inc., Voyager Digital Ltd., of Canada, and Michael Wyse, as the Plan Administrator of the Wind-Down Debtor, at the U.S. Bankruptcy Court for the Southern District of New York.
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.
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.
Jersey Attorney General v. AFEX Offshore (Jersey) Ltd.: Judgment (Reasons for Approving Deferred Prosecution Agreement)
Judgment giving reasons for sanctioning a Deferred Prosecution Agreement in The Attorney General v. AFEX Offshore (Jersey) Limited, whose "principal business activity ... was arranging foreign exchange and cross-border payments on behalf of its clients on an execution only basis", at the Royal Court of Jersey, in the Channel Islands.
CLTS Technologies (Gibraltar) Ltd.: License Revocation (Gibraltar)
Public Notice by the Gibraltar Financial Services Commission that it has revoked the license of CLTS Technologies (Gibraltar) Limited, which had been registered with the regulator as "a Virtual Asset Arrangement Provider", for "contraventions of the Proceeds of Crime Act 2015".
The Lion Electric Company et al: Chapter 15 Petition (Canada)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Richard Coulombe, as the Foreign Representative of The Lion Electric Company, Lion Electric Manufacturing USA, Inc., Lion Electric Holding USA Inc., The Lion Electric Co. USA Inc., Lion Electric Finance USA, Inc., Northern Genesis Acquisition Corp., Lion Electric Vehicle Finance Canada Inc., and Lion Electric Finance Canada Inc., whose group "designs, develops, manufactures and distributes all-electric medium and heavy-duty urban trucks and busses", filed at the U.S. Bankruptcy Court for the Northern District of Illinois.
Brooge Energy Ltd.: Directors (Cayman Islands)
Director Details for Brooge Energy Limited, obtained from the Cayman Islands General Registry on December 18th, 2024.
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.
All Blue Investments North Star 1 Ltd. et al: Chapter 15 Petition (British Virgin Islands)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Martin Trott and Nathan Mills, both of R&H Restructuring, as the Foreign Representatives of All Blue Investments North Star 1 Ltd. (in Liquidation), described as an investment fund whose liquidators "have received over $125 million in claims filed by Broker-Dealers for improper “naked short trades” made by the Foreign Debtors in further of investment activities", and All Blue Investment Management Ltd. (in Liquidation), filed at the U.S. Bankruptcy Court for the Southern District of Florida.
Ricardo Salinas Pliego et al v. Aleksei Skachkov et al: Discovery Application (England)
Application by Ricardo Benjamin Salinas Pliego, described as "a Mexican businessman and the founder and chairman of Grupo Salinas, a multi-billion dollar conglomerate operating across various industries, including the banking, media, and retail sectors", and Corporación RBS S.A. de C.V., of Mexico, to take discovery from Aleksei Skachkov, a.k.a. Alexi Skachov, a.k.a. Alexi Skachkov, a.k.a. Alexey Skachkov, a.k.a. Thomas Mellon, a.k.a. Thomas Astor-Mellon; Wells Fargo Bank, N.A., and Discover Bank, Inc. "for use in a proceeding captioned Ricardo Benjamin Salinas Pliego & Another v Astor Asset Management 3 Limited & Others (case no: CL-2024-000450), currently pending in the High Court of Justice, King’s Bench Division, Business and Property Courts of England and Wales Commercial Court, which involves the theft of hundreds of millions of dollars through an international web of shell companies, bank accounts, and false identities", filed at the U.S. District Court for the Northern District of Georgia.
Probis Financial Services PTY Ltd. v. City Credit Investment Bank Ltd.: Grounds of Judgment (Contested Appointment of Liquidator)
Grounds of Judgment appointing Luke Furler as liquidator in Probis Financial Services PTY Limited, of Australia, described as a company in voluntary administration that "carried on business as a financial and insurance service provider" v. City Credit Investment Bank Limited, of Labuan, at the High Court in Sabah and Sarawak at the Federal Territory of Labuan, Malaysia.
Bus.com US LLC et al: Chapter 15 Petition (Canada)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Wolf Kohlberg, as the Foreign Representative of 9139249 Canada Inc. (Quebec), 9139249 Canada Inc. (California), Bus.com US Holding Inc., Bus.com Leasing LLC, and Bus.com US LLC, which "operate a charter bus and shuttle rental business providing cost-effective transportation solutions to enterprise and governmental organizations in Canada and the United States under the names 'bus.com', 'Bus Point Com' and
'Share the Bus'", at the U.S. Bankruptcy Court for the Central District of California.
Rokstad Holdings Corporation et al: Chapter 15 Petition (Canada)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Thomas Powell, of FTI Consulting, as the Foreign Representative of Rokstad Holdings Corporation, Rokstad Power Inc., Rokstad Power (2018) Ltd., Golden Ears Painting & Sandblasting (2018) Ltd., Plowe Power Systems (2108) Ltd., Rokstad Power (Prairies) Ltd., Rokstad Power Transmission Services Ltd., Rokstad Power Construction Services Ltd., Rokstad Power (East), Inc., and Rok Air, LLC, whose group is "a leading provider of transmission and distribution services for critical electrical power infrastructure throughout North America", filed at the U.S. Bankruptcy Court for the District of Delaware.
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.
A2A Group: Chapter 15 Petition (Canada)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Orest Konowalchuk, of Alvarez & Marsal Canada, as the Foreign Representative of A2A Developments Inc., Hills of Windridge A2A GP Inc., Windridge A2A Developments LLC, Fossil Creek A2A GP Inc., Fossil Creek A2A Developments LLC, Serene Country Homes (Canada) Inc., A2A Capital Services Canada Inc., Fossil Creek A2A Limited Partnership, Hills of Windridge A2A LP, Fossil Creek A2A Trust, and Hills of Windridge A2A Trust, collectively part of the A2A Group, described as the owner and operator of two "residential development projects" known as The Trails of Fossil Creek and The Hills of Windridge, filed at the U.S. Bankruptcy Court for the Northern District of Texas.
Frederick Warren v. White & Case LLP: Discovery Application (Canada)
Application by Frederick J. Warren to take discovery from White & Case LLP for use in legal proceedings in Canada styled as 'Alicia Grace et al. v. United Mexican States', filed at the U.S. District Court for the District of Columbia.
Frederick Warren v. Clifford Chance US LLP: Discovery Application (Canada)
Application by Frederick J. Warren to take discovery from Clifford Chance US LLP for use in legal proceedings in Canada styled as 'Alicia Grace et al. v. United Mexican States', filed at the U.S. District Court for the District of Columbia.
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.
Thomas Lin v. TMC The Metals Company Inc. et al: Class Action Complaint (‘Securities Fraud’)
Class Action Complaint in Thomas Lin v. TMC The Metals Company Inc., of Vancouver, British Columbia, Canada; Gerrard Baron, and Craig Shesky at the U.S. District Court for the Central District of California.
Sandvine Corporation et al: Chapter 15 Petition (Canada)
Chapter 15 Petition for the Recognition of a Foreign Main Proceeding in Canada by Jeffrey A. Kupp, as the Foreign Representative of Sandvine Corporation, New Procera GP Company, Sandvine Holdings UK Limited, Sandvine OP (UK) Ltd., Procera Networks, Inc., and Procera Holding, Inc., part of a group that "provides software products and services in approximately 50 countries, with its customers including approximately 130 of the largest global communications service providers that collectively service hundreds of millions of network users", filed at the U.S. Bankruptcy Court for the Northern District of Texas.
Pharmascience Inc. v. Sreeraj Macha: Discovery Application (Canada)
Application by Pharmascience Inc., of Quebec, Canada, to take discovery from Dr. Sreeraj Macha for use in legal proceedings in Canada styled as 'Boehringer Ingelheim (Canada) Ltd. and Boehringer Ingelheim International GmbH v. Pharmascience Inc.', filed at the U.S. District Court for the District of New Jersey.
Frederick Warren v. Hogan Lovells US LLP: Discovery Application (Canada)
Application by Frederick J. Warren to take discovery from Hogan Lovells US LLP for use in legal proceedings in Canada in which Warren and "26 other individuals and entities" are trying "to set aside an arbitration award made in favor of non-party United Mexican States ("México") against the Claimants, in an arbitration proceeding conducted pursuant to the North America Free Trade Agreement", filed at the U.S. District Court for the Southern District of Florida.
Insolvent Canadian financial services group Chesswood files for Chapter 15 bankruptcy recognition in U.S., owes lenders over $130M
Canadian financial services group Chesswood, which "provides loans to small businesses and consumers across Canada and the United States", has filed for Chapter 15 bankruptcy recognition in the United States, owing "existing lenders" US$66 million and C$93 million.
Chesswood Group Ltd. et al: Chapter 15 Petition (Canada)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Jeffrey Rosenberg, of FTI Consulting, as the Foreign Representative of Chesswood U.S. Acquisitionco Ltd., Chesswood Group Limited, Chesswood Holdings Ltd., Lease-Win Limited, Case Funding Inc., 1000390232 Ontario Inc., Chesswood Capital Management Inc., Chesswood Capital Management USA Inc., Pawnee Leasing Corporation, Tandem Finance, Inc., Windset Capital Corporation, Rifco Inc., Rifco National Auto Finance Corporation, and Waypoint Investment Partners Inc., which "operate a consolidated financial services company that provides loans to small businesses and consumers across Canada and the United States", filed at the U.S. Bankruptcy Court for the District of Delaware.
Ultra Safe Nuclear Corporation et al: Chapter 11 Petition (‘$50M to $100M Liabilities’)
Chapter 11 Petition by Ultra Safe Nuclear Corporation, of Tennessee, USA; Ultra Safe Nuclear Corporation – Technologies, of Tennessee, USA; USNC-Power Ltd., and Global First Power Limited, both of Ottawa, Canada, part of a group that "is a global leader in developing cutting edge technology and equipment for reliable and safe zero-carbon nuclear power energy used on Earth and in space", at the U.S. Bankruptcy Court for the District of Delaware.
MMA’s Professional Fighters League sues athletes’ social commerce platform MILLIONS for ‘$250K sponsorship breach’
Canadian firm MILLIONS, which operates a social commerce platform for athletes, is being sued for $250,000 for allegedly defaulting on a sponsorship agreement with U.S. mixed martial arts firm Professional Fighters League.
Professional Fighters League LLC v. Millions.co Inc.: Complaint (‘$250K Unpaid Sponsorship’)
Complaint for $250,000 alleging breach of contract regarding a sponsorship agreement in Professional Fighters League, LLC, of New York, New York, USA v. Millions.co Inc., of Ottawa, Ontario, Canada, at the U.S. District Court for the Southern District of New York.
Canadian EV vehicle supplier Vicinity Motor Corp. files for Chapter 15 recognition in U.S.
Three days after it went into receivership in Vancouver, Canadian publicly-listed electric vehicle supplier Vicinity Motor Corp. has filed for Chapter 15 bankruptcy recognition in the United States.
USA v. Gautam Adani et al: Criminal Indictment (‘$265M Bribery & Securities Fraud’)
Criminal Indictment alleging bribery and securities fraud in Gautam Adani, Sagar R. Adani, Vneet S. Jaain, Ranjit Gupta, Saurabh Agarwal, Deepak Malhotra, Rupesh Agarwal, all described as citizens and residents of India, and Cyril Cabanes, described as a citizen of Australia residing in France, at the U.S. District Court for the Eastern District of New York.
Vicinity Motor Corp. et al: Chapter 15 Petition (Canada)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Tom Powell, of FTI Consulting, as the Foreign Representative of Vicinity Motor Corp., Vicinity Motor (Bus) Corp., Vicinity Motor (Bus) USA Corp., and Vicinity Motor Property LLC, which "collectively conduct business as a North American supplier of electric commercial vehicles for both public and commercial enterprise use, operating primarily in British Columbia, Canada and in Washington State", filed at the U.S. Bankruptcy Court for the Western District of Washington.
James Tiessen v. Toronto-Dominion Bank et al: Class Action Complaint (‘Fraud’)
Class Action Complaint in James Tiessen v. Toronto-Dominion Bank, of Canada; Bharat B. Masrani, Leovigildo Salom, Kelvin Vi Luan Tran, and Riaz E. Ahmed at the U.S. District Court for the Southern District of New York.
Cayman liquidators of Canadian Erin Winczura’s Canterbury Securities file for Chapter 15 recognition in U.S., claim $20M is missing
The liquidators of Cayman Islands investment firm Canterbury Securities Ltd., who suspect its Canadian principal, Erin Winczura, of misappropriating more than $20 million, have filed for Chapter 15 recognition in the United States.
Canterbury Securities, Ltd.: Chapter 15 Petition (Cayman Islands)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Karen Scott and Russell Homer, of Chris Johnson Associates, as the Foreign Representatives of Canterbury Securities, Ltd., filed at the U.S. Bankruptcy Court for the Southern District of New York.
USA v. Liu Zhou: Criminal Information (‘Crypto Investment Fraud’)
Criminal Information involving MyTrade, of the British Virgin Islands, in USA v. Liu Zhou, of Canada and China, at the U.S. District Court for the District of Massachusetts.
CFTC v. Traders Domain FX Ltd. et al: Complaint (‘Investment Fraud’)
Complaint in Commodity Futures Trading Commission v. Traders Domain FX Ltd., d.b.a. The Traders Domain, described as a Saint Vincent and the Grenadines company based in Canada; Fredirick Teddy Joseph Safranko, a.k.a. Ted Safranko, of Canada; David William Negus-Romvari, of Canada; Ares Global Ltd., d.b.a. Trubluefx, of Saint Lucia; Algo Capital LLC, Algo FX Capital Advisor LLC, now known as Quant5 Advisor LLC; Robert Collazo Jr., Juan Herman, a.k.a. JJ Herman; John Fortini, Steven Likos, Michael Shannon Sims, Holton Buggs Jr., Centurion Capital Group Inc., Alejandro Santiestaban, a.k.a. Alex Santi; Gabriel Beltran, and Archie Rice at the U.S. District Court for the Southern District of Florida.
Saint Kitts-based ‘recidivist’ Paul Bilzerian indicted in U.S. for ‘avoiding $180M SEC judgment’
Saint Kitts-based "recidivist" Paul Bilzerian has been criminally indicted in the United States for allegedly fraudulently avoiding a 1993 SEC judgment that now stands at $180 million. Also indicted were accountant Scott Rohleder and Canadian "cannabis and lifestyle brand company" Ignite International Brands Ltd., while all three and others have also been sued for fraud by the SEC.
SEC v. Paul Bilzerian et al: Complaint (‘Revenue Fraud’)
Complaint alleging "Ignite - a Canadian company that sells disposable vape pens and other nicotine e-liquid products and whose shares traded in the United States - engaged in a scheme, orchestrated largely by recidivist Bilzerian, who controls Ignite, to fraudulently report revenue" in U.S. Securities and Exchange Commission v. Ignite International Brands Ltd., of Ontario, Canada; Paul Bilzerian, described as "a resident of St. Kitts and the father of Ignite’s Chief Executive Officer"; Paul Dowdall, described as "a resident of Ontario, Canada and a Chartered Professional Accountant registered with the Chartered Professional Accountants of Ontario"; Scott Rohleder, described as a resident of North Carolina, USA; John Schaefer, described as a resident of Yorktown Heights, New York, USA; International Investments Ltd., of Saint Kitts; Accell Audit & Compliance PA, of Tampa, Florida, USA, and Christopher Hiestand, described as a resident of San Antonio, Texas, USA, at the U.S. District Court for the Southern District of New York.
USA v. Paul Bilzerian et al: Criminal Indictment (‘$180M SEC Judgment Fraud’)
Criminal Indictment alleging fraud in USA v. Paul Bilzerian, a resident of Saint Kitts and Nevis; Scott Rohleder, described as "a resident of North Carolina and Florida and a certified public accountant", and Ignite International Brands Ltd., of Canada, at the U.S. District Court for the Central District of California.
Jocelyn Troell et al v. Binance Holdings Ltd. et al: Complaint (‘Aiding & Abetting Terrorism’)
Complaint alleging violations of the Anti-Terrorism Act in Jocelyn Troell and others who "are 102 direct victims and 168 indirect victims of terrorist attacks committed from 2017 to 2023" v. Binance Holdings Limited, of the Cayman Islands, and Changpeng Zhao, described as "a dual citizen of Canada and the United Arab Emirates who is currently serving a four-month long prison sentence in California in connection with his criminal guilty plea", at the U.S. District Court for the Southern District of New York.
Peruvian ‘victim of $269K advance fee fraud by Ricardo Soto’ applies for evidence in Florida
A Peruvian who claims he was swindled out of $269,743 in an alleged advance fee fraud by U.S.-based Venezuelan Ricardo Soto Marin and others, including Canadian Jonathan Frappier, has applied for judicial assistance at federal court in Miami to collect evidence for a criminal complaint he has filed in Peru.
Jose Mendoza del Solar v. Ricardo Soto Marin et al: Discovery Application (Peru)
Application by Jose Enrique Mendoza del Solar, a citizen of Peru, to take discovery from Ricardo Adolfo Soto Marin, described as a citizen of Venezuela residing in Doral, Florida, USA; Folkstone Inc., Bank of America Corporation, Citigroup Inc., UBS AG, and UBS Financial Services Inc. for use in criminal proceedings in Peru against Ricardo Adolfo Soto Marin regarding an alleged advance fee fraud, filed at the U.S. District Court for the Southern District of Florida.
Danske Bank investors seek evidence from Promontory Financial Group for ‘$1B Losses’ litigation in Denmark
Institutional investors who are among a group of over 300 who allegedly collectively lost over $1 billion in stock market losses when Danske Bank's share price plummeted "by almost 50%" amid a $234 billion "money laundering scandal" are seeking evidence in the United States for litigation in Denmark.
CI Investments Inc. et al v. Promontory Financial Group LLC: Discovery Application (Denmark)
Application by CI Investments Inc., as manager and trustee for and on behalf of First Asset Morningstar International Value Index ETF, "a trustee of a trust established in Ontario, Canada"; Lighthouse Investment Partners LLC, and Stichting Bedrijfstakpensioenfonds voor de Media PNO, described as "a pension fund foundation incorporated in the Netherlands", for use in legal proceedings in Denmark in which over 300 investors allege "combined losses of over $1 billion" on the stock market when Danske Bank's "money laundering fraud came out", filed at the U.S. District Court for the Southern District of New York.
