Italy

Novium Opportunity Umbrella SICAV Plc: License Revocation

September 11, 2020

Public Statement by the Malta Financial Services Authority that it was cancelled the collective investment services license of Novium Opportunity Umbrella SICAV Plc, "including the licence granted to its six sub-funds, namely Personal Care Fund; Special Situations Fund; Vintage Watches Fund; Primatist Multi Strategy Fund; Quality Investment Fund; and Bull Bear Opportunities Fund". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Novium Opportunity Umbrella SICAV Plc was incorporated on December 27th, 2007, that its directors are Paolo Bruckner, a citizen of Switzerland; Jonathan de Giovanni, a citizen of Malta; and Charles Ingham, a citizen of the United Kingdom, and that its shareholders are Raul Cortes Moreno, a citizen of Spain, and Novium AG, of Switzerland, while previous directors include Alessandro Bartoli, a.k.a Sandro Bartoli, who resigned effective December 1st, 2017; Joseph Bortelli, who resigned effective May 25th, 2016; Mark Meyer, who resigned effective June 1st, 2015; Frank Chetcuti Dimech, Marise Muscat, and Guido Mizzi, who all resigned effective January 5th, 2015. The Swiss Commercial Register showed that the sole director of Novium AG (in Liquidation) is Paolo Brückner, whose nationality is listed as Italian, while previous directors include Marc Stefan Dätwyler, Raul Cortes Moreno, Michael Cohen, of Switzerland; Markus Meyer, Michele Mugnai, and Werner Mathys.

Tether and Bitfinex Crypto Asset Litigation: Bitfinex et al’s Motion to Dismiss Amended Consolidated Class Action Complaint

September 3, 2020

Motion to Dismiss Amended Consolidated Class Action Complaint styled as 'Tether and Bitfinex Crypto Asset Litigation' by iFinex Inc., a.k.a. Bitfinex; DigFinex Inc., BFXNA Inc., BFXWW Inc., Tether International Limited, Tether Operations Limited, Tether Holdings Limited, all of the British Virgin Islands; Tether Limited, of Hong Kong; Ludovicus Jan van der Velde, a citizen of the Netherlands, and Giancarlo Devasini, a citizen of Italy, in David Leibowitz et al v. iFinex Inc. et al at the U. S. District Court for the Southern District of New York.

USA v. Aleksandr Spitsyn: Criminal Complaint

August 24, 2020

Criminal Complaint alleging money laundering regarding "work-from-home fraud schemes" in USA v. Aleksandr Vladimirovich Spitsyn, a citizen of Russia, at the U. S. District Court for the Northern District of Georgia.

USA v. Strachans SA: Criminal Information

August 19, 2020

Criminal Information alleging conspiracy to defraud the United States in USA v. Strachans SA (in Liquidation), described as "a Jersey-based accounting and financial services company that assisted U.S. taxpayer-clients and others in evading taxes through the use of offshore trusts and entities and offshore bank accounts" that later moved to Switzerland, at the U. S. District Court for the Central District of California. Editor's Note: In the Criminal Information, the USA stated that Strachans moved from Jersey to Switzerland in 1999 and, in 2009, "began doing business as Elston Management". Research by OffshoreAlert in the Swiss Commercial Registry showed that directors, past and present, of Elston Management SA have included Richard Jepson Egglishaw, a citizen of the United Kingdom residing in Monaco; Dino Ferro, a citizen of Italy; Rachel Laure Dupanloup, Henri Bressoud, and Dominique de Weck, of Switzerland.

Yuri Starostenko et al v. UBS AG et al: Second Amended Complaint (‘Fraud’)

August 17, 2020

Second Amended Complaint alleging "a fraudulent scheme through the use of deceptive practices, involving the concealment of securities transactions and manipulation of bank account balances" in Yuri Starostenko and Irina Tsareva, described as "traders in securities" residing in the Bahamas v. UBS AG, of Switzerland, and UBS (Bahamas) Ltd. (in Liquidation), of the Bahamas, at the U.S. District Court for the Southern District of New York.

AYN Ltd.: License Revocation

August 12, 2020

Public Statement by the Malta Financial Services Authority that it has revoked the Financial Institution license of AYN Limited, described as a provider of "payment services". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that AYN Ltd. was incorporated on July 18th, 2017, its directors are Paolo Gatti and Paolo Musumeci, both citizens of Italy, and its sole shareholder is AYN Holding Ltd., of Malta. The directors of AYN Holding Ltd. are Gatti and Musumeci and its shareholder is Artio Trustees Limited.

BlueBay Asset Management LLP et al v. Etihad Airways PJSC: Discovery Application

August 6, 2020

Application by BlueBay Asset Management LLP, GML Capital LLP, IVO Capital LLP, RAI Investments PTE LTD., Sancta Capital Partners LP, Sandglass Opportunity Fund, LP, Sandglass Petrus Opportunity Fund, LP, and VR Global Partners, L.P. to take discovery from Etihad Airways PJSC, of Abu Dhabi, in the United Arab Emirates, for use in "an administrative (restructuring) proceeding currently pending before a foreign tribunal in the Republic of Italy", filed at the U. S. District Court for the Southern District of New York.

GlobalCapital Life Insurance Ltd.: Fine

July 31, 2020

Public Announcement by the Malta Financial Services Authority that it has imposed a fine of €20,760 on GlobalCapital Life Insurance Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of GlobalCapital Life Limited are identified as Cristina Casingena, Paolo Catalfamo, Joseph C. Schembri, all of Malta, and Nicholas Hornby Taylor, a citizen of the United Kingdom, of Dorset, England and its shareholders are identified as GlobalCapital Holdings Limited, of Malta, and Ian Zammit, of Malta. The directors of GlobalCapital Holdings Limited are identified as Paolo Catalfamo and Joseph Schembri and its sole shareholder is identified as GlobalCapital Plc, of Malta. The directors of GlobalCapital Plc, whose shares are listed on the Malta Stock Exchange, are identified as Cinzia Catalfamo, of Italy; Paolo Catalfamo, Joseph Del Raso, of Devon, Pennsylvania, USA; Gregory Eugene McGowan, of Fort Lauderdale, Florida, USA, and Joseph Schembri.

Antonio Conte v. Massimo Bochicchio et al: Freezing Injunction

July 17, 2020

Freezing Injunction in Palesa Sarl, of Luxembourg; Superb Sport Limited, of England; Antonio Conte, a former professional soccer player and current head coach of Inter Milan; Caterina Carmi, Riccardo Rizzardi, Antonio Massimino, Maria Azzurra Massimino, and Patrizia Bacci, all of Italy v. Massimo Bochicchio, of England, and Kidman Asset Management Ltd., of the British Virgin Islands, at the High Court of Justice, for England and Wales.

Antonio Conte et al v. Massimo Bochicchio et al: Complaint

July 10, 2020

Complaint for damages of £9 million, €33.1 million, and $10.55 million in Palesa Sarl, of Luxembourg; Superb Sport Limited, of England; Antonio Conte, a former professional soccer player and current head coach of Inter Milan; Caterina Carmi, Riccardo Rizzardi, Antonio Massimino, Maria Azzurra Massimino, and Patrizia Bacci, all of Italy v. Massimo Bochicchio, of England, and Kidman Asset Management Ltd., of the British Virgin Islands, at the High Court of Justice, for England and Wales.

USA v. Luis Enrique Martinelli Linares et al: Criminal Complaint

June 27, 2020

Criminal Complaint against the sons of former Panama President Ricardo Martinelli alleging participation in a bribery and money laundering scheme involving Brazil's Odebrecht SA and other companies, including those in the Bahamas, British Virgin Islands, and Switzerland, in USA v. Luis Enrique Martinelli Linares and Ricardo Alberto Martinelli Linares, described as citizens of Italy and Panama, at the U. S. District Court for the Eastern District of New York.

Bittrex & Poloniex crypto exchanges added as defendants to ‘multi-billion dollar fraud’ lawsuit

June 4, 2020

Two major U.S.-based cryptocurrency exchanges - Bittrex and Poloniex - have been added as defendants to a class action complaint that alleges crypto buyers around the world were collectively swindled out of billions of dollars in an unprecedented "criminal" price manipulation scheme.

Matthew Script et al v. iFinex Inc. et al: Amended Class Action Complaint

June 3, 2020

Consolidated Class Action Amended Complaint alleging "a sophisticated scheme to fraudulently inflate the price of cryptocurrencies ..., causing the price of these cryptocommodities to spike far above their legitimate value in the largest bubble in human history, and ultimately resulting in billions of dollars of damage to innocent cryptocommodity purchasers" in Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein v. iFinex Inc., a.k.a. Bitfinex; BFXNA Inc., BFXWW Inc., Tether Holdings Limited, Tether Operations Limited, Tether International Limited, DigFinex Inc., all of the British Virgin Islands; Tether Limited, of Hong Kong; Philip G. Potter, of New York; Giancarlo Devasini, described as a citizen of Italy; Ludovicus Jan van der Velde, described as a citizen of the Netherlands; Reginald Fowler, of Arizona; Crypto Capital Corp., of Panama; Bittrex, Inc., described as a Delaware company based in Seattle, Washington, and Poloniex, LLC, described as a Delaware company based in Boston, Massachusetts, at the U. S. District Court for the Southern District of New York.

USA v. Massimiliano Turi et al: Criminal Indictment

May 20, 2020

Criminal Indictment alleging conspiracy to commit money laundering in USA v. Massimiliano 'Max' Turi, a citizen of Italy; Alexander Landa, and Layne Gerstel at the U. S. District Court for the Middle District of Florida.

Brightwell Portfolio Fund SICAV Plc: License Cancellation

May 19, 2020

Public Notice by the Malta Financial Services Authority that it has cancelled the Collective Investment Scheme Licence of Brightwell Portfolio Fund SICAV Plc, a license that was suspended, on regulatory grounds nearly six years ago, on July 15th, 2014, "following the resignation of key officials and service providers". Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Brightwell Portfolio Fund SICAV Plc has not had any directors or a secretary since they resigned in May, 2014. The company was originally incorporated in the British Virgin Islands on May 18th, 2006 as Brightwell Portfolio Fund Ltd. and continued to Malta on May 10th, 2011, changing its name at the same time. In its most recent annual return, dated May 10th, 2013, the company's shareholders were identified as Paolo Faldini, a citizen of Italy residing in Monaco, and Conseulo Nardon, a citizen of Italy with addresses in the Netherlands and Luxembourg; its directors as Faldini, Nardon, and Stephen Muscat, of Malta, and its Secretary as Valetta Fund Services Limited. Faldini committed suicide on his luxury yacht - apparently bought with investors' funds - in Monte Carlo on December 31st, 2013, shortly after which Nardon, Muscat, and Valetta Fund Services all resigned their positions and the company's auditor, KPMG (Malta), represented by partner Ray Azzopardi, withdrew its audit opinions for 2011 and 2012 due to "fraudulent misrepresentations", evidently by Faldini, regarding the company and its subsidiaries, Beaumont Cash Management Limited, Beaumont Systematic Trading Limited, Beaumont Discretionary Trading Limited, Beaumont Equity Trading Limited, and Beaumont Homeland Security Limited. Brightwell Portfolio Fund's professional services providers included Princes Gate Investment Management Ltd., of the BVI, as Investment Manager; Arcari Fund Solutions BV, of the Netherlands, as Administrator; Credit Suisse, of Switzerland, as Custodian, and Ganado & Associates, Advocates, of Malta, as Legal Adviser. In the BVI, the company's directors were Curado Trust (Tortola) Limited, represented by Yuck Leen Sprock-Chang and Mavis Reed-Castro, and GM General Management Limited, represented by Mario Bottiroli, c/o Trust Company Complex, in the Marshall Islands, with Harneys Corporate Services Ltd., represented by Kimberly Crabbe-Adams, serving as registered agent. Corporate records show that the company authorized the following lawyers to obtain its Collective Investment Scheme license in Malta: James Farrugia, Andre Zerafa, Henry Saydon, and Stephanie Micallef, now known as Stephanie Farrugia, all of Ganado & Associates.

Meril GmbH et al v. Edwards Lifesciences Corp. et al: Discovery Application

April 27, 2020

Application by Meril GmbH, of Germany, and Meril Life Sciences Private Limited, of India, to take discovery from Edwards Lifesciences Corp., Edwards Lifesciences LLC, and Edwards Lifesciences Pvt Inc., all of Delaware, for use in legal proceedings in Italy, France, and the United Kingdom against Meril by Edwards Lifesciences Corporation and its subsidiary Edwards Lifesciences Limited, filed at the U. S. District Court for the District of Delaware.

Eni SpA: Penalties

April 17, 2020

Administrative Order imposing disgorgement and interest totaling $24.5 million against Eni SpA, described as "an Italian multinational oil and gas company", before the U. S. Securities and Exchange Commission.

Dario Item et al: Regulatory Update

March 24, 2020

Update by the Labuan Financial Services Authority regarding a lessening of previously-imposed penalties against Dario Item, a London-based, Swiss attorney who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., including the cessation of corporation disqualifications.

USA v. Leonardo Santilli: Criminal Complaint

March 20, 2020

Criminal Complaint alleging money laundering regarding the alleged proceeds of bribery and corruption involving Petróleos de Venezuela, SA, a.k.a. PDVSA, described as "Venezuela's state-owned and state-controlled oil company", in USA v. Leonardo Santilli, described as "a Venezuelan and Italian citizen", at the U. S. District Court for the Southern District of Florida.

Juan María Rendón et al v. Abbott Laboratories Inc.: Discovery Application

March 16, 2020

Application by Juan María Rendón, a citizen of Italy residing in Portugal, and Roberto Maurice Ventura Crispino, a citizen of Italy residing in Panama, to take discovery from Abbott Laboratories Inc. for use in legal proceedings in Colombia and Switzerland involving "a group of sellers who entered into a stock purchase agreement with CFR International SpA, as purchaser, and CFR Pharmaceuticals S.A., as warrantor, for purposes of transferring control over one of the largest pharmaceutical groups in Colombia, named Lafrancol", filed at the U. S. District Court for the Southern District of Florida.

Lorenzo Mariani v. Citibank: Discovery Application

March 12, 2020

Application by Lorenzo Mariani to take discovery from Citibank NA for use in divorce proceedings in Italy, filed at the U. S. District Court for the Southern District of New York.

Motu Novu LLC v. Golden Gate Capital, LLC et al: Discovery Application

January 29, 2020

Application by Motu Novu LLC, of Delaware, to take discovery from Golden Gate Capital, LLC, Stephen Oetgen, Michael Dierks, Sue Breedlove, Mark Percival, and Alaina Percival for use in legal proceedings in England regarding "Motu Novu's ability to collect on a €3,226,900 judgment it holds against John Kenneth Percival", filed at the U. S. District Court for the Northern District of California.

EXPOSED: Symtomax Group’s fraudulent €12M Bond Offering

January 22, 2020

A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.

Motu Novu LLC v. Joye Percival et al: Discovery Application

January 17, 2020

Ex Parte Application for Judicial Assistance by Motu Novu LLC, of Delaware, to take discovery from Joye Percival, described as the "ex-wife of John K. Percival", Synovus Financial Corporation, of Atlanta, GA, and Elizabeth Mabry, of Fayetteville, GA, for use in legal proceedings in England regarding "Motu Novu's ability to collect on a €3,266,900 judgment it holds against John Kenneth Percival" who allegedly "has gone to great lengths to avoid paying", filed at the U. S. District Court for the Northern District of Georgia.

Caterpillar Inc. v. Deere & Company et al: Discovery Application

October 31, 2019

Application by Caterpillar Inc. to take discovery from Deere & Company and Wirtgen America, Inc. for use in legal proceedings in Italy between Wirtgen GmbH and Caterpillar's European subsidiaries, Caterpillar Prodotti Stradali Srs and Caterpillar Financial Corporacion Financiera SA EFC, and "threatened" litigation in Germany, filed at the U. S. District Court for the Middle District of Tennessee.

Yuri Starostenko et al v. UBS AG: Complaint (‘Fraud’)

October 25, 2019

Complaint in Yuri Starostenko and Irina Tsareva, described as citizens of Italy residing in the Bahamas v. UBS AG, of Switzerland, at the U. S. District Court for the Southern District of New York.

BVI operator of Bitfinex crypto exchange seeks discovery in ‘hunt for missing $880M of client funds’

October 20, 2019

The BVI operator of Bitfinex cryptocurrency exchange, which was sued 12 days earlier for allegedly perpetrating a multi-billion dollar fraud, has applied to take discovery in California for a purported attempt to recover $880 million of client funds that its Swiss payments processor has allegedly failed to remit.

iFinex Inc. v. Rondell Monroe: Discovery Application (England, Poland & Portugal)

October 18, 2019

Application by iFinex Inc., a British Virgin Islands-domiciled, Hong Kong-based company that operates the Bitfinex cryptocurrency exchange from Rondell Clyde Monroe, a resident of Las Vegas, Nevada, for use in legal proceedings in Poland, Portugal, and the United Kingdom regarding an attempt to recover $880 million, filed at the U. S. District Court for the Central District of California.

iFinex Inc. v. Citibank: Discovery Application

October 18, 2019

Application by iFinex Inc., a British Virgin Islands-domiciled, Hong Kong-based company that operates the Bitfinex cryptocurrency exchange from Citibank NA for use in legal proceedings in Poland, Portugal, and the United Kingdom regarding an attempt to recover $880 million, filed at the U. S. District Court for the Central District of California.

$1.4 Trillion class action against crypto exchange Bitfinex & cryptocurrency Tether for ‘largest bubble in human history’

October 7, 2019

A class action securities fraud complaint for damages that "likely surpasses $1.4 trillion" for creating "the largest bubble in human history" has been filed against cryptocurrency exchange Bitfinex and cryptocurrency Tether, with defendants from the BVI, Hong Kong, Italy, Netherlands, Panama, Switzerland, and the US.

BNP Paribas Jersey Trust Corp. v. Camilla de Bourbon des Deux Siciles: Contempt Judgment

October 7, 2019

Contempt of Court Judgment in BNP Paribas Jersey Trust Corporation v. Camilla de Bourbon des Deux Siciles at the Royal Court of Jersey, in the Channel Islands.

David Leibowitz et al v. iFinex Inc. et al: Class Action Complaint

October 6, 2019

Class Action Complaint alleging cryptocurrency-based fraud, market manipulation, and RICO in David Leibowitz, of West Palm Beach, Florida; Benjamin Leibowitz, of New York, NY; Jason Leibowitz, of New York, NY; Aaron Leibowitz, of Westchester, NY, and Pinchas Goldshtein, of Miami, Florida v. iFinex Inc., of the British Virgin Islands; BFXNA Inc., of the British Virgin Islands; BFXWW Inc., of the British Virgin Islands; Tether Holdings Limited, of the British Virgin Islands; Tether Operations Limited, of the British Virgin Islands; Tether Limited, of Hong Kong; Tether International Limited, of the British Virgin Islands; DigFinex Inc., of the British Virgin Islands; Philip G. Potter, a resident of New York; Giancarlo Devasini, a citizen of Italy; Ludovicus Jan van der Velde, a citizen of the Netherlands; Reginald Fowler, a citizen of the United States; Crypto Capital Corp., of Panama, and Global Trade Solutions AG, of Switzerland, at the U. S. District Court for the Southern District of New York.

USA v. Aleksejs Trofimovics et al: Criminal Indictment

September 25, 2019

Criminal Indictment alleging conspiracy to commit money laundering in USA v. Aleksejs Trofimovics, a.k.a. Aleksejs Trofimovich, a.k.a. Alexey Trofimovich, a.k.a. Aleko Stoyanov Angelov; Ruslans Nikitenko, a.k.a. Krzysztof Wojciech Lewko, a.k.a. Milen Nikolchev Nikolov, a.k.a. Rafal Zimnoch; Arturs Zaharevics, a.k.a. Piotr Ginelli, a.k.a. Arkadiusz Szuberski; Deniss Ruseckis, a.k.a. Denis Rusetsky, a.k.a. Sevdelin Sevdalinov Atanasov, and Deinis Gorenko, all citizens of Latvia, at the U. S. District Court for the Western District of Pennsylvania.

Swiss regulator issues public warning against SEK Capital SA

August 23, 2019

The Swiss Financial Market Supervisory Authority has issued a "Public Warning" against asset manager SEK Capital SA, which is operated by Kerstin Moleman, of Germany, and Simone Rastelli, of Italy.

USA v. Pietro Vinci: Forfeiture Complaint

August 23, 2019

Forfeiture Complaint regarding tax fraud involving Mosquetero SP, of Scotland; Stanford International Bank, of Antigua and Barbuda, and Citi Private Trust, of Switzerland, in USA v. Pietro Vinci, an Italy-born former resident of Venezuela now residing in Maryland, at the U. S. District Court for the District of Maryland.

SEK Capital SA: Public Warning

August 22, 2019

Public Warning by the Swiss Financial Market Supervisory Authority regarding SEK Capital SA, which is operated by Kerstin Moleman, a citizen of Germany, and Simone Rastelli, a citizen of Italy.

€43M superyacht builder seeks liquidation of Cayman firm ‘owned by Venezuelan narco-trafficker’

August 21, 2019

Italian luxury yacht manufacturer Azimut Bennetti SpA has applied to wind up a Cayman Islands firm allegedly owned by Venezuelan suspected narcotics trafficking-related money launderer Samark Lopez Bello regarding an alleged €500,000 debt owed on a €43 million motor yacht.

Azimut Bennetti SpA v. Nautical Corp: Winding Up Petition

August 19, 2019

Winding Up Petition in Azimut Bennetti SpA, of Italy v. Nautical Corp, whose beneficial owner is identified as Samark Jose Lopez Bello, a Venezuelan who was "designated by the US Department of the Treasury's Office of Foreign Assets Control as a Specially Designated Narcotics Trafficker", at the Grand Court of the Cayman Islands.

Swiss regulator warns about ‘financial intermediary’ based in Geneva and Dubai

August 5, 2019

The Swiss Financial Market Supervisory Authority has issued a "Public Warning" against Swiss Global Investments Sàrl, a self-described "financial intermediary and advisory" that was or is controlled by Irishman Paul Kavanagh and Briton Stuart Hamon, whose sprawling offshore group includes firms in the British Virgin Islands, Dubai, England, Malta, Nevis, and Switzerland.

Swiss Global Investments Sàrl: Public Warning

August 2, 2019

Public Warning by the Swiss Financial Market Supervisory Authority regarding Swiss Global Investments Sàrl, which is owned by Kavmon Limited, of Saint Kitts and Nevis, evidently owned by or affiliated with Paul Kavanagh, a citizen of Ireland apparently residing in France, and Stuart Hamon, a citizen of the United Kingdom, and which claims on its website at www.swissglobalgroup.com to have offices in Geneva and Dubai.

Christine Grablis et al v. OneCoin Ltd. et al: First Amended Class Action Complaint

August 2, 2019

First Amended Class Action Complaint regarding an alleged cryptocurrency fraud in which much of the proceeds were allegedly laundered in the Cayman Islands and Ireland in Donald Berdeaux, of Montana, and Christine Grablis, of Tennessee v. OneCoin Ltd., of Bulgaria; Ruja Ignatova, of Bulgaria; Konstantin Igantov, of Bulgaria; Sebastian Greenwood, of Sweden; Mark Scott, of Coral Gables, Florida; Irina Andreeva Dilinska, David Pike, of Coral Gables, Florida, and Nicole J. Huesmann, of Coral Gables, Florida, at the U. S. District Court for the Southern District of New York.

Liechteinstein: Ivan Matracchi

July 29, 2019

Application for the appointment of a Commissioner to collect evidence from Microsoft Corporation - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into Ivan Matracchi for suspected fraud and money laundering.

Scandal-plagued Argentarius Group closes in Malta, moves to Cayman

July 12, 2019

Amid legal and regulatory issues, Argentarius Group - which provides low-cost, regulation-free investment funds to asset managers, particularly fraudsters - has closed down in Malta, having moved its headquarters to the Cayman Islands, where it operates as iMaps Capital.

Swiss lawyer & Antigua Ambassador Dario Item fights Labuan regulatory ban, obtains Google removal

July 9, 2019

London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has legally challenged director and officer disqualifications against him in Labuan and persuaded Google to remove an OffshoreAlert article from its European search engine results.

Labuan FSA Enforcement Actions: July 8, 2019

July 8, 2019

Notification by the Labuan Financial Services Authority of legal action by Dario Item, a London-based Swiss lawyer who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., both of Labuan, challenging regulatory action against them.

Francesco Zanghi et al v. Piergraziano Ritella et al: Complaint

June 21, 2019

Complaint alleging securities fraud and RICO in Francesco Zanghi and Zanghi LLC v. Piergraziano Ritella, of New York; Futura Hospitality LLC, of New York; Giuseppe Cavallaro, Alessandro Vacca, Studio Legale Cavallaro, and Gioia e Vita Sarl, all of Italy, at the U. S. District Court for the Southern District of New York.

Douglas Italia SpA v. Piofrancesco Borghetti et al: Complaint

June 17, 2019

Complaint alleging "a pattern of creating and using sham companies to steal millions of dollars worth of assets from the plaintiff, to conceal the criminal proceeds and to frustrate plaintiff's ability to recover on civil money judgments rendered against him" in Douglas Italia SpA, formerly Limoni SpA, of Milan, Italy v. Piofrancesco Borghetti, a convicted embezzler, of Italy; Anacod Real Estate LLC, of Delaware; Kellerton Group Ltd., of the British Virgin Islands, allegedly controlled by Borghetti through "his Hong Kong-based facilitator and nominee, Nilesh Sajnanivia", and Briguglio & Associates LLP, of New York, NY, at the State of New York Supreme Court, County of New York.

Antigua’s Ambassador to Spain banned as director & officer in Labuan

June 6, 2019

London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has been disqualified and removed from acting as a director and officer of Blue Investment Bank and Blue Wealth Management in Labuan.

Salvatore Nisi v. Wells Fargo Bank: Discovery Application

May 29, 2019

Application by Salvatore Rocco Nisi, beneficial owner of British Virgin Islands-domiciled Weddin Group Ltd., to conduct discovery from Wells Fargo Bank for use in proceedings in Panama involving National Advisors Corporation, whose sole director was identified as Luis Alberto Laguna Delgado, filed at the U. S. District Court for the Southern District of Florida.

Sergio Lovati et al v. Venezuela: Complaint

May 23, 2019

Complaint alleging failure to make payments on bonds in Sergio Lovati, Rudi Lovati, Alessandra Sarago Lovati, and Alessandro Lucibello Piani, all of Italy v. The Bolivarian Republic of Venezuela at the U. S. District Court for the Southern District of New York.