Curaçao

Gibraltar judge orders Privilege Wealth to produce records

March 23, 2017

A Gibraltar judge has ordered an inspection of the books and records of a limited partnership that underpins the Privilege Wealth investment group, which was exposed as a fraudulent enterprise by OffshoreAlert five months ago. The order was issued after Privilege Wealth allegedly ignored a request for inspection from one of its limited partners.

Silvia Juri et al v. Hope Funds SA et al: Originating Application

March 2, 2017

Originating Application in Silvia Juri, Masivos Sociedad Anonima, Maria Teresa Huerta, Ignacio Goncalvez, Andrea Setti, Hernan Costa Silva, Juan Manuel Eiras, Patricia Peterson, and Diego Sarquis v. Hope Funds SA, Marketsite Ltd., and Global Entertainment Enterprises Ltd. at the British Virgin Islands High Court.

Lady Ann Ltd. v. The Registrar of Companies: Originating Application

October 28, 2016

Originating Application in Lady Ann Ltd. v. The Registrar of Companies at the Grand Court of the Cayman Islands.

EXPOSED: ‘Privilege Wealth’ global investment fraud

October 19, 2016

Notorious British swindler Brett Jolly is secretly behind a global investment fraud being perpetrated under the name 'Privilege Wealth', OffshoreAlert can reveal. The scheme involves a sprawling web of companies and operators in Bermuda, BVI, Cayman Islands, Curacao, Dubai, Gibraltar, Guernsey, Jersey, Luxembourg, Panama, Seychelles, South Africa, Spain, UK, and USA.

Prudent Investment Fund: Issuing Document (Luxembourg)

July 9, 2016

"Issuing Document" dated "July 2016" for Prudent Investment Fund, of Luxembourg.

Sentinel Trust has ‘no standing’ to block Caledonian Bank fraud settlement, say SEC & liquidators

February 23, 2016

The U. S. SEC and the liquidators of Cayman Islands-domiciled Caledonian Bank have objected to an attempt by Sentinel Trust Services to block their proposed settlement of a securities fraud complaint and have questioned Sentinel's claim to be the bank's "owner".

Caledonian Bank ‘owner’ seeks to block SEC settlement & force regulator to pay damages

February 12, 2016

Cayman Islands-domiciled Sentinel Trust Services - claiming to be the owner of Caledonian Bank - is seeking to block the bank's proposed securities fraud settlement agreement with the SEC and force the regulator to pay damages for causing the bank's collapse.

Enterprise Emerging Markets Fund BV v. Yvette Investment and Trade Corp.: Claim Form

November 24, 2015

Claim Form in Enterprise Emerging Markets Fund B.V. v. Yvette Investment and Trade Corp. at the British Virgin Islands High Court.

Girobank NV v. IIG Capital LLC et al: Petition

October 29, 2015

Petition to permit discovery prior to arbitration in Girobank NV, of the Netherlands Antilles v. IIG Capital LLC, of New York, and IIG Trade Opportunities Fund NV, of the Netherlands Antilles, at the Supreme Court of the State of New York, County of New York.

Richcourt Funds et al v. Citco Group Ltd. et al: Complaint

September 23, 2015

Complaint in Corinne Ball, as Chapter 11 Trustee of Soundview Elite Ltd., Soundview Premium, Ltd., Soundview Star Ltd., Elite Designated Premium Designated and Star Designated, and John Ayres and Matthew Wright, as Joint Liquidators of America Alternative Investments Inc., Optima Absolute Return Fund Ltd., Richcourt Allweather B Inc., Richcourt Allweather Fund Inc., Richcourt Composite Inc. and Richcourt Euro Strategies Inc. v. Citco Group Limited, Ermanno Unternaehrer, Soundview Capital Management Ltd., Richcourt Capital Management Ltd., Citco Fund Services (Cayman Islands) Limited, Citco Fund Services (Europe) B.V., Citco Global Custody (NA) N.V., Citco Banking Corporation N.V., Citco Trading Inc., Richcourt Holding Inc., CFS Company Ltd., CFS Corporation Ltd., Christopher G. Smeets, Robert A. Voges, Alphonse Fletcher, Jr., Fletcher Asset Management, Inc., Fletcher International, Inc., George Ladner, Enrico Laddaga, Gabriele Magris, Yves Bloch, Denis Kiely, Stewart Turner, Gerti Muho, and Floyd Saunders at the U. S. Bankruptcy Court for the Southern District of New York.

TMF Curacao N.V. v. Registrar of Corporate Affairs: Fixed Date Claim Form

September 4, 2015

Fixed Date Claim Form in TMF Curacao N.V. v. Registrar of Corporate Affairs at the British Virgin Islands High Court.

Netherlands: Itzhak Aisik Grynsztein

July 2, 2015

Complaint for the extradition of Itzhak Aisik Grynsztein from the USA to the Netherlands to face allegations of money laundering, forgery and banking without a license.

Massachusetts Bay Transportation Authority Retirement Fund et al v. Citco Fund Services (Cayman Islands) Ltd. et al: Complaint

April 29, 2015

Complaint in Massachusetts Bay Transportation Authority Retirement Fund, FIA Leveraged Fund Ltd., Fletcher Income Arbitrage Fund Ltd., and Fletcher International Ltd. v. Citco Fund Services (Cayman Islands) Ltd., Citco Fund Services (Suisse) SA, Citco Group Ltd., Citco Trading, Inc., Citco Global Custody (NA) NV, Citco Bank Corporation NV, SFT Bank NV, and Ermanno Unternaehrer at New York Supreme Court.

Caledonian Bank liquidators paint bleak picture for creditors

April 10, 2015

Cayman Islands-based Caledonian Bank has millions of dollars of related-party transactions that typically "can be difficult to recover full value" and is exposed to "a single large loan" of $93.7 million, representing more than half of all loans receivable. The grim news for creditors came in the first report of liquidators Keiran Hutchison and Claire Loebell.

Roger Corman et al v. Citco Group Limited et al: Complaint

March 23, 2015

Complaint in Roger W. Corman, Julie A. Corman, and Pasig, Ltd. v. Citco Group Limited, Citco Group (Monaco) SAM, Citco Global Custody (NA) NV, Tor Trust Corporation Company Limited, Citco Trustees SA, Citco BVI Limited, Citco Bank BVI Limited, Citco Bank & Trust Company Limited, Citco Banking Corporation NV, Securitas Management Services Corp., Citco Fund Services (Cayman Islands) Ltd., Citco Suisse SA, Ermanno Unternaehrer, and Christopher Smeets at Los Angeles Superior Court.

Cayman regulator seems to wrongly identify Caledonian Bank’s ultimate beneficial owner

February 26, 2015

Research by OffshoreAlert indicates that insolvent Caledonian Bank is controlled by Canadian hedge fund boss and United States citizenship-renouncer Terry Duffy, not Curaçao-based hedge fund services provider Gordon Casey, as claimed by the Cayman Islands Monetary Authority in its petition to wind up the bank.

Cayman Islands Monetary Authority v. Caledonian Securities Ltd.: Winding Up Petition

February 23, 2015

Winding Up Petition in Cayman Islands Monetary Authority v. Caledonian Securities Limited at the Grand Court of the Cayman Islands.

Cayman Islands Monetary Authority v. Caledonian Bank Ltd.: Winding Up Petition

February 23, 2015

Winding Up Petition in Cayman Islands Monetary Authority v. Caledonian Bank Limited at the Grand Court of the Cayman Islands.

19 more claw-back actions for $65 m filed in Cayman by Weavering liquidators

January 8, 2015

Nineteen more claw-back lawsuits seeking a combined US$65 m have been filed in the Cayman Islands by the liquidators of Weavering Macro Fixed Income Fund against banks, investment funds and other firms in Bermuda, Canada, Cayman, Curacao, France, Guernsey, Hong Kong, Ireland, Jersey, Luxembourg, Singapore, and Switzerland.

Weavering Macro Fixed Income Fund Ltd. v. Citco Global Custody (N.A.) N.V.: Writ of Summons

December 31, 2014

Writ of Summons in Weavering Macro Fixed Income Fund Limited v. Citco Global Custody (N.A.) N.V. at the Grand Court of the Cayman Islands.

Curacao: Mutzy Parra Borges et al

March 11, 2014

Application for the appointment of a Commissioner - pursuant to a request for judicial assistance from Curacao - to collect evidence in an attempt to recover assets from a robbery of gold bars worth $11.5 million by Jose Luis Flores Segovia, Luis Alfredo Flores Segovia, Mutzy del Carmen Parra Borges, Giovanni Thadeus Regales, Arthur Jozef Davelaar, Roger Roland Penso, and Giuseppe Angelo Rossano Pizziolo.

Citco Global Custody (NA) N.V. v. Soundview Premium Limited et al: Winding-Up Order

September 24, 2013

Winding-Up Order in Citco Global Custody (N.A.) N.V. v. Soundview Premium Limited, Soundview Star Limited, and Soundview Elite Limited at the Grand Court of the Cayman Islands.

Fletcher Asset Management seeks to stymie SEC investigation into suspected fraud

September 15, 2013

Fletcher Asset Management, which is suspected of perpetrating a fraud involving hedge funds in the Bahamas, Bermuda, British Virgin Islands, Cayman Islands and Delaware, is attempting to stymie an investigation by the U. S. Securities and Exchange Commission.

Citco Global Custody (N.A.) N.V. v. Soundview Elite Ltd.: Winding-Up Petition

August 20, 2013

Winding-Up Petition in Citco Global Custody (N.A.) N.V. v. Soundview Elite Limited at the Grand Court of the Cayman Islands.

Citco Global Custody (N.A.) N.V. v. Soundview Star Ltd.: Winding-Up Petition

August 20, 2013

Winding-Up Petition in Citco Global Custody (N.A.) N.V. v. Soundview Star Limited at the Grand Court of the Cayman Islands.

Citco Global Custody (N.A.) N.V. v. Soundview Premium Ltd.: Winding-Up Petition

August 20, 2013

Winding-Up Petition in Citco Global Custody (N.A.) N.V. v Soundview Premium Limited at the Grand Court of the Cayman Islands.

Thomas Aardenburg v. Commonwealth Trust Ltd.: Notice of Application

May 1, 2013

Notice of Application in Thomas Aardenburg v. Commonwealth Trust Limited at the British Virgin Islands at High Court.

Curacao: Rudolph Humphrey Max Oehlers

March 29, 2013

Complaint for the extradition of Rudolph Humphrey Max Oehlers from the USA to Curacao to face charges of stalking, assault, kidnapping, and trespassing.

Sociedad Militar Seguro de Vida v. LT Investment Inc. et al: Discovery Application

March 12, 2013

Application for judicial assistance by Sociedad Militar Seguro de Vida v. LT Investment Inc., Lifetrade Management Company LLC, AVS Servicing LLC, AVS Underwriting LLC, Wells Fargo Bank, N.A., JPMorgan Chase Bank, N.A., John Marcum, Roy Smith, and Phillip Loy at the U. S. District Court for the Northern District of Georgia.

Goshawk Dedicated Limited et al v. Lifetrade Management Company LLC et al: Complaint

January 14, 2013

Complaint in Goshawk Dedicated Limited, formerly known as Goshawk Dedicated (No. 2) Limited, and Kite Dedicated Limited v. Lifetrade Management Company LLC, Lifetrade Asset Management LLC, Longevity Investments LLC, Longevity Partners LLC, American Viatical Services LLC, AVS Underwriting LLC, AVS Servicing LLC, Ron Kreiter, Philip R. Loy, Sharon H. Loy, John D. Marcum, Rita Neff, and Roy G. Smith at the U. S. District Court for the Northern District of Georgia.

Insolvent Bahamas insurer sues former directors over ‘dubious’ Florida property deals

January 3, 2012

The court-appointed managers of Bahamas-domiciled British American Insurance Company Ltd., which operated throughout the Bermuda-Caribbean region, are suing the insurer's former directors and others for 'recklessly gambling away' hundreds of millions of dollars on 'speculative' Florida real estate investments.

Georgino International NV v. Cayman Shoe Shop Ltd.: Writ of Summons

December 22, 2011

Writ of Summons in Georgina International NV v. Cayman Shoe Shop Ltd. at the Grand Court of the Cayman Islands.

British American Insurance Company Ltd.: Chapter 15 Petition

October 9, 2009

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Bahamas by Juan Lopez, a.k.a. John Lopez, as the Foreign Representative of British American Insurance Company Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.

USA v. David Tedder: Criminal Indictment

September 12, 2002

Indictment in USA v. David Hampton Tedder at the U. S. District Court for the Western District Court of Wisconsin.