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.
Vesttoo Creditors Liquidating Trust v. Matag Investment Ltd. et al: Complaint (‘Fraudulent & Preferential Transfers’)
Complaint "to avoid and recover prepetition transfers" in Vesttoo Creditors Liquidating Trust v. Matag Investment Ltd. and M. Arkin (1999) Ltd., each described as "an Israeli investment fund", at the U.S. Bankruptcy Court for the District of Delaware.
Longrising Prosperous China Fund: Restoration Application (Cayman Islands)
Originating Application in the matter of Longrising Prosperous China Fund at the Grand Court of the Cayman Islands.
USA v. Approximately 1.1222 Bitcoin et al: Forfeiture Complaint (‘Drugs Trafficking & Crypto Laundering’)
Forfeiture Complaint regarding the seized proceeds of alleged narcotics trafficking in USA v. Approximately 1.1222 Bitcoin and Approximately 93,761.6466 Tether in an account in the name of Xin Wang, a citizen of China, at OKX crypto exchange, of the Seychelles, filed at the U.S. District Court for the Middle District of Georgia.
China Oral Industry Group Holdings Ltd.: Restoration Application (Cayman Islands)
Originating Application in the matter of China Oral Industry Group Holdings Limited at the Grand Court of the Cayman Islands.
Capital Impetus Group Ltd.: Restoration Application (Cayman Islands)
Originating Application in the matter of Capital Impetus Group Limited at the Grand Court of the Cayman Islands.
Amazing Elite Group Ltd. et al v. Golden Arrow Technology Co. Ltd. et al: Winding Up Petition (‘Loss of Confidence’)
Winding Up Petition in Amazing Elite Group Limited and Vito Group Limited, both of the British Virgin Islands v. Golden Arrow Technology Co. Ltd., described as the "top" of a group that "is a supplier of printing and packaging services and has operations in the People’s Republic of China, Taiwan, Vietnam, the Philippines and the United States of America"; Golden Pine International Limited, Vigorous Bloom Limited, Elegant Planet Ventures Limited, Rendex International Limited, and Galaxy Wave Ventures Limited at the Grand Court of the Cayman Islands.
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.
Airbnb China Holdings: Restoration Application (Cayman Islands)
Originating Application in the matter of Airbnb China Holdings at the Grand Court of the Cayman Islands.
Luc Despins v. AA Global Ventured Ltd. et al: Second Complaint (‘Turnover of Assets in $1B Fraud & Money Laundering Scheme’)
Second Complaint against "alter egos" and "shell companies" in the British Virgin Islands, Cayman Islands, England, Hong Kong, United Arab Emirates, and USA in Luc Despins, as the Chapter 11 Trustee for Ho Wan Kwok, a citizen of China who is awaiting sentencing after being found guilty of a $1 billion fraud and money laundering scheme on July 16th, 2024 in the United States v. AA Global Ventured Limited, AAGV Limited, Alzarro Enterprises Ltd., Ampleforth Capital Ltd., Anton Development Limited, Assets Sino Limited, Auspicious Coast Limited, BSA Capital Management Limited, BSA Strategic Fund I, Canadian Agri-product Monetary Investments Limited, Crane Advisory Group LLC, Delta Konsult Limited, Eagle Eye Investments Limited, Feibo Jiang, Fiesta Investment Ltd., Glory Asia (H.K.) Limited, Gold Perfect Limited, Group Dynasty Limited, GS Security Solutions Inc., Guang Hong Limited, H Reserve Management Limited, Haitham Khaled,
Haoran He, Head Win Group Limited, HGA Property Operation LLC, Hing Chi Ngok, Holy City Hong Kong Ventures Limited, Hong Kong International Funds Investments Limited, Hudson Diamond Holdings, Inc., Infinity Treasury Management Inc., Insight Phoenix Fund, Joincorp International Limited, Joy Chance Holdings Limited, Kesen Yang, Kun Ma, Kingdom Rich Limited, Le Qiao, Lichun Guo, Lihong Guo, Long Gate Limited, Max Krasner, Mei Guo, New Federal State Corporation, New Miracle Limited, Pacific King Investment Limited, Phoenix Capital Management (Cayman) Limited, Qiang Guo, Qin Li, Rich Group Development Limited, Rising Sun Capital Ltd., River Valley Operations LLC, Sail Victory Limited, Scott Barnett, Strong Country Holdings Group Limited, Thousand Stars Company Limited, Wencun Guo, Xinfang Zhang, Yan Su, Yumei Hao, Zhang Wei, and Zongchao Yue at the U.S. Bankruptcy Court for the District of Connecticut.
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.
E-Home Household Service Holdings Ltd.: ‘Share Reduction’ Petition
Petition to confirm a reduction in share capital in the matter of E-Home Household Service Holdings Limited at the Grand Court of the Cayman Islands.
Lifestyle China Group Ltd.: ‘Scheme of Arrangement’ Petition
Petition for the Court's sanction of a Scheme of Arrangement in the matter of Lifestyle China Group Limited 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.
USA v. 325,705.7 USDT et al: Forfeiture Complaint (‘Pig Butchering Fraud & Crypto Laundering’)
Forfeiture Complaint regarding the "proceeds of a "pig butchering" fraud scheme" allegedly associated with Chinese citizens Feng Chen and Tianqiong Xu in USA v. 325,705.7 USDT, 0.110920719 ETH, and Precious Metals Seized from 1039 Echols Drive, Frisco, Texas, USA at the U.S. District Court for the District of Vermont.
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.
Strong Petrochemical Holdings Ltd.: Directors (Cayman Islands)
Director Details for Strong Petrochemical Holdings Limited, obtained from the Cayman Islands General Registry on December 7th, 2024.
China National Culture Group Ltd.: ‘Share Reduction’ Petition
Petition in the matter of China National Culture Group Limited at the Grand Court of the Cayman Islands.
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.
Ronshine Service Holding Co. Ltd.: ‘Scheme of Arrangement’ Petition (Cayman Islands)
Petition for the Court's sanction of a Scheme of Arrangement in the matter of Ronshine Service Holding Co. Ltd. at the Grand Court of the Cayman Islands.
Gong Liang v. BVI Registrar of Corporate Affairs: Restoration Application (Global Eagle Advanced International Holding Ltd.)
Fixed Date Claim Form regarding Global Eagle Advanced International Holding Limited in Gong Liang, of Xiangyang, Hubei Province, China v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Junji Lin v. BVI Registrar of Corporate Affairs: Restoration Application (Global Eagle Creative International Ltd.)
Fixed Date Claim Form regarding Global Eagle Creative International Limited in Junji Lin, of Chengdu, China v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Silicon Valley Bank (Cayman Islands) v. FDIC: Complaint (‘Failure to Cover Foreign Depositors’)
Complaint for Declaratory Judgment, Violation of Due Process Rights, Review of Final Agency Action, Estoppel, Unjust Enrichment, and Violation of Due Process in Niall Ledwidge, Michael Pearson, and Andrew Childe, as Joint Official Liquidators of Silicon Valley Bank (in Official Liquidation) and Silicon Valley Bank, of the Cayman Islands v. Federal Deposit Insurance Corporation and Martin J. Gruenberg at the U.S. District Court for the Northern District of California.
Cayman/Hong Kong crypto firm BIT Mining admits bribing Japanese officials, will pay $10M to settle U.S. criminal charges
Cayman Islands-domiciled, Hong Kong-based crypto firm BIT Mining Ltd. has agreed to pay a $10 million fine to settle criminal charges in the United States that it paid $1.9 million in bribes to "Japanese government officials", while its Chinese former CEO, Zhengming Pan, has been criminally indicted.
BIT Mining Ltd.: Directors (Cayman Islands)
Director Details for BIT Mining Limited, obtained from the Cayman Islands General Registry on November 19th, 2024.
BIT Mining Ltd.: Order (‘Japan Bribery’)
Administrative Order regarding "violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act" in U.S. Securities and Exchange Commission v. BIT Mining Ltd., of the Cayman Islands.
USA v. BIT Mining Ltd.: Deferred Prosecution Agreement ($10M Fine)
Deferred Prosecution Agreement in USA v. BIT Mining Ltd., formerly known as 500.com Ltd., described as a Cayman Islands-domiciled, Hong Kong-based crypto mining company, at the U.S. District Court for the District of New Jersey.
USA v. BIT Mining Ltd.: Criminal Information (‘$1.9M Bribes’)
Criminal Information alleging Conspiracy to Violate the Foreign Corrupt Practices Act and to Falsify Books and Records in USA v. BIT Mining Ltd., formerly known as 500.com Ltd., described as a Cayman Islands-domiciled, Hong Kong-based crypto mining company, at the U.S. District Court for the District of New Jersey.
Knighted Pastures LLC v. Ourgame International Holdings Ltd. et al: Complaint (‘Breach of Fiduciary Duty’)
Complaint in Knighten Pastures LLC v. Yangyang Li, Yuanfei Qu, Zongmin Ding, Mao Sun, Chi Zhao, Jingsheng Lu, Guanzhou Qin, Yushi Guo, Ourgame International Holdings Ltd., of the Cayman Islands; Primo Vital Ltd., Yellow River Global Capital, of Hong Kong, and Blue Planet New Technology Limited, of the British Virgin Islands, as Defendants, and Allied Gaming & Entertainment Inc., as Nominal Defendant, at the Court of Chancery of the State of Delaware, USA.
U.S. files forfeiture complaint against crypto linked to ‘Sam Bankman-Fried’s Chinese bribery scheme’
The United States has filed a forfeiture complaint regarding crypto allegedly traceable to a bribery scheme by FTX principal Sam Bankman-Fried to unfreeze $1 billion of crypto that had been frozen by Chinese law enforcement in 2021.
USA v. 143,141.22354808 IC et al: Forfeiture Complaint (‘FTX Chinese Crypto Bribe’)
Forfeiture Complaint regarding crypto seized from an account at Binance that is "traceable" to an alleged scheme in which FTX crypto exchange principal Sam Bankman-Fried "agreed to and directed a multi-million-dollar bribe to seek to unfreeze certain cryptocurrency trading accounts that collectively contained approximately $1 billion in cryptocurrency" which had been seized by Chinese law enforcement in USA v. 143,141.22354808 Internet Computer, 21,040.21498360 Avalanche, 7,668,131.89194094 Ripple, 3,947,566.56755894 Cardano, and 43,137.54120377 Solana at the U.S. District Court for the Southern District of New York.
Long Deng v. Ping Zhou et al: Amended Claim Form (‘Share Register Update’)
Amended Claim Form in Long Deng, of Long Island, New York, USA v. Ping Zhou, I Fresh (BVI) Co. Ltd., and Overseas Management Company Trust (B.V.I.) Ltd. at the British Virgin Islands High Court.
FTX sues crypto exchange Binance to clawback $1.8B in ‘fraudulent transfers’
FTX - which "may have been insolvent from inception" - has sued rival crypto exchange Binance in an attempt to recover $1.76 billion of "fraudulent transfers" in a dispute whose parties are entities or individuals in Antigua, Bahamas, British Virgin Islands, Cayman Islands, China, Hong Kong, Ireland, and USA.
FTX Trading Ltd. v. Deng Jun et al: Complaint (‘$468M Preferential Transfers’)
Complaint in FTX Trading Ltd., of Antigua and Barbuda v. Deng Jun, Shen Ling, Tu Jing, Deng Dingyuan, Deng Lan, Deng Jian, Tu Fan, Pan Yang Lian, Hu Jingming, Hu Sifeng, Yang Yuhua, Qin Yong Qiang, Huang Yao, Dai Fuyang, Fu Ling, Chen Chao, Shen Liugen, Lin Guodong, Yang Yibo, Xu Min, Xu Hong, Wan Jian, Wu Qiao, Wu Tianming, Li Ping, Jia Shuyun, and John Does 1-20, collectively described as "members of an international criminal syndicate who used FTX to launder billions of dollars in criminal proceeds", at the U.S. Bankruptcy Court for the District of Delaware.
FTX Trading Ltd. et al v. Binance Holdings Ltd. et al: Complaint (‘$1.8B Fraudulent Transfers’)
Complaint in FTX Trading Ltd., of Antigua and Barbuda; Alameda Research LLC, Alameda Research Ltd., of the British Virgin Islands; West Realm Shires Inc., West Realm Shires Services Inc., Clifton Bay Investments LLC, Cottonwood Grove Ltd., of Hong Kong; Euclid Way Ltd., of Antigua and Barbuda; Paper Bird Inc., and FTX Digital Markets Ltd., of the Bahamas v. Binance Holdings Limited, of the Cayman Islands; Binance Capital Management Co. Ltd., of the British Virgin Islands; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland; Changpeng Zhao, Dinghua Xiao, of China; Samuel Wenjun Lim, and Does 1-1000 at the U.S. Bankruptcy Court for the District of Delaware.
Huos Group Holding Ltd.: Restoration Application (Cayman Islands)
Originating Application in the matter of Huos Group Holding Limited at the Grand Court of the Cayman Islands.
Blue Axis Global Ltd. v. Alopex Advisors LLC: Petition (‘$4M Security Deposit’)
Petition for an Order of Attachment in Aid of Arbitration in Blue Axis Global Ltd., of the British Virgin Islands, and Longbyte Inc., of Delaware, USA, both "part of a world-wide group of affiliated companies known as the Bixin group that are beneficially owned by Mr. Wu Gang, a citizen of the People’s Republic of China" v. Alopex Advisors LLC, of New York, USA, at the U.S. District Court for the Southern District of New York.
Yuzhou Group Holdings Company Ltd.: Petition (‘Discounted Issuance’)
Petition in the matter of Yuzhou Group Holdings Company Limited at the Grand Court of the Cayman Islands.
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.
Han Changlei v. BVI Registrar of Corporate Affairs: Restoration Application (iBoxChain China Ltd.)
Fixed Date Claim Form regarding iBoxChain China Ltd. in Han Changlei v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
CM Hi-Tech Cleanroom Ltd.: ‘Scheme of Arrangement’ Petition
Petition for the Court's sanction of a Scheme of Arrangement in the matter of CM Hi-Tech Cleanroom Limited at the Grand Court of the Cayman Islands.
Food Investments SpA et al v. Isidoro Quiroga Moreno et al: Amended Complaint (‘$600M Fraud’)
Amended Complaint alleging "a massive fraud perpetrated in connection with plaintiffs' 2019 acquisition of a group of Chilean companies engaged in the salmon farming industry" in Food Investments SpA and Australis Seafoods S.A., both of Chile v. Isidoro Ernesto Quiroga Moreno, described as a resident of London, England, and Santiago, Chile, and South Lake One LLC, described as being domiciled in Delaware, USA, and based in Chile, at the Court of chancery of the State of Delaware, USA.
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.
Yi Zhang v. Apex Prospect Ltd. et al: Complaint (‘False Allegations of Wrongdoing’)
Writ of Summons and Statement of Claim in Yi Zhang v. Apex Prospect Limited, of the Cayman Islands; Hui Shao, of Beijing, China; Bo Tan, of Beijing, China; Ajit Shetty, of Belgium; Viren Mehta, of New York, USA; Shaojing Tong, of Hong Kong; Rachel Yu, of Beijing, China; Yuntao Cui, of Beijing, China; Jin Wang, of Hangzhou,, China; Henry Chen, of Hayward, California, USA; Haitao Zhao, of Shanxi Province, China; Pierson Yue Pan, of Fremont, California, USA; Chunyan Wu, a.k.a. Brenda Wu, of Changchun City, Jilin Province, China; Chenn Liguang, a.k.a. Dave Chenn, of Beijing, China, and Lakeshore BioPharma Co. Ltd., formerly known as YS BioPharma Co. Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.
