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SEC v. Nelson Gomes et al: TRO Motion

June 9, 2020
Emergency Ex Parte Motion for a Temporary Restraining Order regarding accounts in Canada, the Cayman Islands, Hong Kong, Isle of Man, Malta, and the USA in U. S. Securities and Exchange Commission v. Nelson Gomes, described as a citizen of Canada who "resides at various times in the Bahamas and Hong Kong"; Michael Luckhoo-Bouche, a citizen of Canada residing in Mississauga, Ontario; Shane Schmidt, a citizen of Canada residing in Vancouver, British Columbia; Douglas Roe, a citizen of Canada residing in Vancouver, British Columbia; Kelly Warawa, a citizen of Canada residing in Vancouver, British Columbia; FFS Capital Limited, of Hong Kong; Paifang Trading Limited, of Hong Kong; Atlantean Management Corporation, of Canada; Meadow Asia Limited, of Hong Kong, and Thyme International Limited, of Hong Kong, at the U. S. District Court for the District of Massachusetts.

MTACC Ltd. v. CHF Corporation et al: Complaint (‘Fraud’)

June 9, 2020
Complaint in MTACC Ltd., d.b.a. ePayService, of Malta v. CHF Corporation, Carlos Flores, David J. Bartone, and Law Offices of David J. Bartone, a.k.a. Bartone Law Offices, at the U.S. District Court for the Southern District of Florida.

Setanta Insurance Company Ltd.: €475,192 ‘Notional Penalty’

June 2, 2020
Announcement by the Malta Financial Services Authority that it has imposed a "notional penalty" of €475,192 against Setanta Insurance Company Limited. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Setanta Insurance Company Limited was incorporated on June 21st, 2007 and went into liquidation on April 30th, 2014, with its net liabilities estimated at €63.5 million in the most recent statement by liquidator Paul Mercieca, dated March 2nd, 2020. Its directors are listed in corporate filings as Hugh Attard Montalto, of Malta; Martin Azzopardi, of Malta, and Peter Melling, of Ireland, and its shareholders as Setanta Holdings Limited, of Malta, and Ganado Trustees & Fiduciaries Limited, of Malta. Setanta Holdings Limited was incorporated in Malta on May 31st, 2007 and has not had any directors since Hugh Attard Montalto, Martin Azzopardi, and Evander Borg, all of Malta, resigned on August 1st, 2014. The company's shareholders are identified in corporate filings as Corporate Services Limited, of Malta, on behalf of "beneficial owner", and John V. Flood Ltd., of Ireland, both holding "Promoter Class" shares, and Ocorian Corporate Services (Malta) Limited, of Malta; SNSTRY Limited, of Ireland, and Irish citizens Charles Bourke, Deirdre Bourke, James Byrne, Tommy Conway, Concepta Doyle, James Doyle, John Flood, Margaret Flood, David Garahy, Ann-Marie Murphy, Matilda O'Farrell, John Burke O'Leary, and Myles Roban. The company's status is listed as "inactive" in the Malta Business Registry.

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.

Piraeus Bank v. The Bank of New York Mellon et al: Discovery Application

May 13, 2020
Application by Piraeus Bank, of Greece, to take discovery from The Bank of New York Mellon, Citibank NA, HSBC Bank (USA) NA, and JPMorgan Chase Bank NA for use in legal proceedings in England filed by Piraeus Bank against Grand Anemi Limited, of Malta; Grandunion Inc., of the Marshall Islands, and Michail (Michael) Zolotas, described as a Greek national with a last known address in Monaco, filed at the U. S. District Court for the Southern District of New York.

Morley Yachts v. Seminole Marine Ltd.: Petition To Confirm Arbitration Award

May 12, 2020
Petition to Confirm and Enforce a Foreign Arbitration Award of $1.2 million, plus interest, legal costs, and charges, in Morley Yachts, of Monaco v. Seminole Marine Limited, of the Cayman Islands, and Challenger International LLC, of West Virginia, which "were both created, formed, organized, maintained, owned, capitalized, used and operated for the exclusive benefit of Christopher Cline", who "was killed along with his daughter and five others" in a helicopter crash in the Bahamas last year, at the U. S. District Court for the Southern District of Florida.

RES Malta Ltd.: Ban On Accepting New Clients

May 11, 2020
Announcement by the Malta Financial Services Authority of action against RES Malta Limited. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of RES Malta Limited are identified as Karl Schranz and Mariella Baldacchino, both citizens of Malta, and the sole shareholder as E & S Group Limited, which itself has Karl Schranz and Christian Ellul, also a citizen of Malta, as directors and shareholders.

SOLV International Ltd.: Ban On Accepting New Clients

May 11, 2020
Announcement by the Malta Financial Services Authority of action against SOLV International Ltd. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the sole director of SOLV International Ltd. is identified as Karl Schranz, a citizen of Malta, and the sole shareholder as E & S Group Limited, which itself has Karl Schranz and Christian Ellul, also a citizen of Malta, as directors and shareholders.

Christian Ellul: Disqualification

May 8, 2020
Announcement by the Malta Financial Services Authority that it has imposed a five-year disqualification on Christian Ellul for his "lack of honesty and integrity" regarding corporate services providers RES Malta Ltd. and SOLV International Ltd.

Karl Schranz: Disqualification

May 8, 2020
Announcement by the Malta Financial Services Authority that it has imposed a five-year disqualification on Karl Schranz for his "lack of honesty and integrity" regarding corporate services providers RES Malta Ltd. and SOLV International Ltd.

Artex Risk Solutions (Malta) Ltd.: Fine

May 7, 2020
Announcement by the Malta Financial Services Authority that it has imposed a fine of €25,700 against Artex Risk Solutions (Malta) Limited for failure "to submit the audited financial statements within the regulatory deadline". Editor's Note: Research by OffshoreAlert showed that, in filings with the Malta Business Registry, Artex Risk Solutions (Malta) Limited identifies its directors as Evander Borg, of Malta; Stuart Ciappara, of Malta; Nicholas Peter Heys, of Guernsey, and Martin Thomas Le Pelley, of Guernsey; its shareholders as Artex Risk Solutions (Guernsey) Limited and Artex Risk Solutions (Holdings) Limited, both of Guernsey, and its auditor as Ernst & Young Malta Limited.

Osprey Insurance Brokers Co. Ltd.: Fine

May 7, 2020
Announcement by the Malta Financial Services Authority that it has imposed a fine of €29,675 against Osprey Insurance Brokers Co. Limited for failure "to submit the audited financial statements within the regulatory deadline". Editor's Note: Research by OffshoreAlert showed that, in filings with the Malta Business Registry, Osprey Insurance Brokers Co. Limited identifies its directors as Martin Azzopardi, Suzanne Marie Chambers, Stuart Ciappara, all of Malta, and Martin Thomas Le Pelley, of Guernsey; its sole shareholder as Artex Holdings (Malta) Limited, and its auditor as Ernst & Young Malta Limited.

Risk Insurance Brokers Ltd.: Fine

May 7, 2020
Announcement by the Malta Financial Services Authority that it has imposed a fine of €32,175 against Risk Insurance Brokers Limited for failure "to submit the audited financial statements within the regulatory deadline". Editor's Note: Research by OffshoreAlert showed that, in filings with the Malta Business Registry, Risk Insurance Brokers Limited identifies its directors as Mario Ellul, and Dorothy Sciortino, both of Malta; its sole shareholder as Dorothy Sciortino, and its auditor as CA Falzon, of Malta.

MPM Capital Investments Ltd.: Directives

April 11, 2020
Announcement by the Malta Financial Services Authority that it has imposed directives against MPM Capital Investments Limited, including that the company must "submit a complete list of MPM's clients as at 31 January 2020". Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of MPM Capital Investments Limited are identified as Alexander Mangion and Melvyn Mangion, who are both Maltese, and its shareholders as Capitalex Limited, which is owned by Alexander Mangion, and Consulta Limited, which is owned by Melvyn Mangion. The company was incorporated on May 11th, 2009, has Keith Massa as its auditor, and maintains a website at www.mpmci.net.

Eric Lee et al v. Binance et al: Class Action Complaint

April 3, 2020
Class Action Complaint alleging the sale of unregistered securities involving digital tokens known as EOS, BNT, SNT, QSP, KNC, TRX, FUN, ICX, OMG, LEND, ELF, and CVC in Eric Lee and Chase Williams v. Binance, described as the Malta-domiciled "largest cryptocurrency exchange in the world, with a market capitalization of $1.3 billion"; Changpeng Zhao, described as a resident of Taiwan; Yi He, described as a resident of Malta, and Roger Wang, described as a resident of Malta, at the U. S. District Court for the Southern District of New York.

Bradley Birkenfeld v. Kevin Costner et al: Complaint (State Court)

April 1, 2020
Complaint alleging fraud, negligent misrepresentation, and intentional interference with advantageous or business relationship regarding Plaintiff's book 'Lucifer's Banker: The Untold Story of How I destroyed Swiss Bank Secrecy' in Bradley C. Birkenfeld, a United States citizen residing in Malta who is best-known for whistleblowing on UBA AG, of Switzerland v. Leonard A. Lauder, described as "chairman emeritus" and former CEO of Estée Lauder cosmetics and fragrances firm, and Kevin M. Costner, described as "an American actor, director, producer, and musician", at the Circuit Court of the 15th Judicial Circuit, in and for Palm Beach County, Florida. Editor's Note: This complaint was filed at state court in Florida 12 days after a similar complaint was dismissed at federal court in Miami for "lack of jurisdiction".

Malta FSA cancels AIS Capital’s investment license

March 31, 2020
The Malta Financial Services Authority has cancelled the investment license of AIS Capital Management Investment Fund SICAV PLC, whose directors are Briton Paul Chandler and American/Maltese Richard Wight.

deVere & Partners Holding Ltd.: €23,000 Fine

March 30, 2020
Announcement by the Malta Financial Services Authority that it has imposed an administrative penalty of €23,000 against deVere & Partners Holding Limited for providing "insurance distribution activities" without a license.

Steven Reynolds v. Binance Holdings Ltd.: Complaint

March 27, 2020
Complaint in Steven Cody Reynolds, a resident of Oregon described as "an experienced investor in cryptocurrencies" v. Binance Holdings Ltd., described as "a Cayman Islands limited company with headquarters in the Republic of Malta", at the U. S. District Court for the Northern District of California.

OneWeb Global Ltd. et al: Chapter 11 Petition

March 27, 2020
Chapter 11 Petition by OneWeb Global Limited, of England; 1021823 B.C. Ltd., of Canada; Network Access Associates Limited, of England; OneWeb ApS, of Greenland; OneWeb Chile SpA, of Chile; OneWeb Communications Limited, of England; OneWeb G.K., of Japan; OneWeb Global Limited, of England; OneWeb Holdings LLC, of New York; OneWeb Limited, of Jersey, in the Channel Islands; OneWeb Ltd., of Malta; OneWeb Network Access Holdings Limited, of England; OneWeb Norway AS, of Norway; WorldVu Australia Pty Ltd., of Australia; WorldVu Development LLC, of Nevada; WorldVu JV Holdings LLC, of Delaware; WorldVu Mexico, S. DE R. L. DE C.V., of Mexico; WorldVu Satellites Limited, of Jersey, in the Channel Islands; WorldVu South Africa (Pty) Ltd., of South Africa, and WorldVu Unipessoal Lda, of Portugal, at the U. S. Bankruptcy Court for the Southern District of New York.

AIS Capital Management Investment Fund SICAV Plc: License Cancellation

March 23, 2020
Announcement by the Malta Financial Services Authority that it has cancelled the collective investment scheme license of AIS Capital Management Investment Fund SICAV Plc. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the company's directors are identified as Paul Simon Chandler, a citizen of the United Kingdom, and Richard Thomson Wight, a dual citizen of the United States and Malta, while previous directors were Timothy Andrew Sharman, a citizen of the United Kingdom; Noel Vella, and Benjamin Muscat, both of Malta.

IIG Trade Opportunities Fund NV: Chapter 15 Petition

March 2, 2020
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Curaçao by Valerie P. Maria, as the Foreign Representative of IIG Trade Opportunities Fund NV, at the U. S. Bankruptcy Court for the Southern District of New York.

Altarius Asset Management Ltd. et al: Reprimand

February 27, 2020
Announcement by the Malta Financial Services Authority that it has reprimanded Altarius Asset Management Limited and its directors "at the time of the deficiencies identified by the Authority", Heinz Daxl, a citizen of Austria; Pierre Maliczak, a citizen of France, and Peter Mitterlehner, a citizen of Austria.

USA v. Danil Potekhin et al: Superseding Indictment

February 18, 2020
Superseding Indictment alleging computer hacking, fraud, identity theft, and money laundering involving "a sophisticated phishing campaign targeting users of Poloniex, Binance, and Gemini's digital currency exchanges" in USA v. Danil Potekhin and Dmitrii Karasavidi, both residents of Russia, at the U. S. District Court for the Northern District of California.

Hollingsworth International Financial Services Ltd. et al: Penalties

February 18, 2020
Announcement by the Malta Financial Services Authority regarding penalties against Hollingsworth International Financial Services Limited and Mark Hollingsworth. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the sole shareholder of Hollingsworth International Financial Services Limited was identified as Dominion Fiduciary Trust Limited, of Jersey, in the Channel Islands, on behalf of the Ultimate Beneficial Owner, Mark Hollingsworth, 51, a citizen of the United Kingdom.

Dooga Ltd.: Chapter 15 Petition

February 14, 2020
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Steven Parker and Trevor Binyon, of Opus Restructuring, as the Foreign Representatives of Dooga Ltd., a Maltese-owned British firm whose "Cubits" cryptocurrency exchange closed down in 2018 following an alleged €27 million fraud involving "payment processor" Pay Secure Online Limited, d.b.a. Paysec, and "three Chinese nationals called Lui Caifeng, Liu Lin, and Yajuan She", at the U. S. Bankruptcy Court for the Northern District of California. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the owner of Pay Secure Online Limited is identified as David Murphy, a British national with an address in Thailand, while directors have included Richard John Barry, a British national residing in Dubai, and Dimitar Stefanov Georgiev, a citizen and resident of Bulgaria, who both resigned on March 2nd, 2018, and the auditor is Antoine Borg, of Malta. On May 15th, 2019, the Malta Financial Services Authority issued a "warning" that Paysec "is NOT licenced NOR authorised by the MFSA to provide any investment or other financial services which are required to be licenced or otherwise authorised under Maltese law".

Trafalgar Multi Asset Trading Company Ltd. v. James Hadley et al: Complaint (‘£18.6M Investment Fraud’)

February 14, 2020
Complaint alleging fraud in Trafalgar Multi Asset Trading Company Limited (in Liquidation), of the Cayman Islands v. James David Hadley, Thomas William Gordon Biggar, Stuart Neil Chapman-Clark, Andrew Christopher Jones, Titan Capital Partners Limited, of England; CGrowth Capital Bond Limited, of England; William MacFarland Wright III, of USA; Pinnacle Brokers Limited (in Liquidation), of Malta; Mark Lloyd, Vivere Forti International Foundation, of Panama; Kirsty Louise Platt, of Spain; Platinum Pyramid Limited, of England, and Bentley Jarrard Thwaite at the High Court of Justice of England and Wales.

Malta Police v. Yorgen Fenech: New Freezing Order

December 2, 2019
New Freezing Order in Malta Police v. Yorgen Fenech, a Maltese businessman who is being investigated for suspected involvement in the murder of Maltese journalist Daphne Caruana Galizia, at Malta Magistrates Court.

Adrian Pace: Fine

November 22, 2019
Public Notice by the Malta Financial Financial Services Authority regarding an administrative penalty against Adrian Pace.

John Mifsud: Reprimand

November 22, 2019
Public Notice by the Malta Financial Financial Services Authority regarding a reprimand against John Mifsud.

US affiliate of Malta bank accused of massive fraud by SEC

November 21, 2019
New York-based, Cayman Islands-administered investment adviser International Investment Group LLC, which is affiliated with Malta's IIG Bank, with both owned by a bankrupt fund in Curaçao, committed "a string of frauds to cover up tens of millions of dollars in losses", the SEC has alleged.

E&S Consultancy Ltd.: Cancellation of Registration

November 18, 2019
Public Notice by the Malta Financial Services Authority that it has cancelled the registration of E&S Consultancy Limited, a corporate services provider whose directors are Christian Ellul, Karl Schranz, and Mariella Baldacchino.

Bank of Valletta Plc: €57K Fine

November 14, 2019
Publication Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €57,500 on Bank of Valletta Plc for regulatory breaches.

SEC v. Benjamin Alderson et al: Discovery Disputes

November 12, 2019
Joint Letter regarding discovery disputes in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

SEC v. Benjamin Alderson et al: Pryor Cashman Opposition to Alternative Service

November 12, 2019
Non-Party Pryor Cashman LLP's Motion Opposing Defendant Alderson's Motion to Authorize Alternative Service of Subpoenas regarding Nigel Green, described as a resident of Dubai; Beverley Yeomans, described as a resident of Malta, and deVere Group Ltd., described as domiciled in Dubai, in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

SEC v. Benjamin Alderson et al: Motion to Serve Nigel Green et al

October 28, 2019
Motion by Defendant Benjamin Alderson for an Order Authorizing Alternative Service of Subpoenas on non-parties Nigel Green, deVere Group Ltd., and Beverley Yeomans in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

Girobank NV et al v. IIG Trade Opportunities Fund NV et al: Notice of Bankruptcy

October 11, 2019
Letter notifying the Court that IIG Trade Opportunities Fund NV has been petitioned into bankruptcy in Curaçao by three Ireland investment funds in Girobank NV and Girobank International NV, both of Curaçao v. IIG Trade Opportunities Fund NV, of Curaçao; IIG Capital LLC, of New York, and The International Investment Group LLC, of New Jersey, at the Supreme Court of the State of New York, County of New York.

SEC v. Benjamin Alderson et al: Status Report – October 1, 2019

October 1, 2019
Discovery Status Report regarding securities fraud allegations against former employees of deVere USA in U. S. Securities and Exchange Commission v. Benjamin Alderson, described in the complaint in 2018 as a citizen of the United Kingdom residing in the Bahamas, and Bradley Hamilton, described in the complaint as a citizen and resident of the United Kingdom, at the U. S. District Court for the Southern District of New York.

SEC v. Benjamin Alderson et al: Status Report – September 3, 2019

September 3, 2019
Discovery Status Report regarding securities fraud allegations against former employees of deVere USA in U. S. Securities and Exchange Commission v. Benjamin Alderson, described in the complaint in 2018 as a citizen of the United Kingdom residing in the Bahamas, and Bradley Hamilton, described in the complaint as a citizen and resident of the United Kingdom, at the U. S. District Court for the Southern District of New York.

CFTC v. Yukom Communications Ltd. et al: Complaint

August 12, 2019
Complaint for "an illegal and fraudulent 'binary options' trading scheme" involving companies in Anguilla, Bulgaria, Cyprus, Gibraltar, Israel, Malta, Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and the United Kingdom in Commodity Futures Trading Commission v. Yukom Communications Ltd., of Israel; Linkopia Mauritius Ltd., of Mauritius; Wirestech Limited, d.b.a. BigOption, of the Marshall Islands; WSB Investments Ltd., d.b.a. BinaryBrook, of Anguilla, Gibraltar, St. Vincent and the Grenadines, and the United Kingdom; Zolarex Ltd., d.b.a. BinaryOnline, of the Marshall Islands; Yakov Cohen, an Israeli residing in Israel and Mauritius; Yossi Herzog, of Israel; Lee Elbaz, of Israel, currently incarcerated in the USA, and Shalom Peretz, of Israel, at the U. S. District Court for the Northern District of Illinois.

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.

SEC v. Benjamin Alderson et al: Status Report – August 1, 2019

August 1, 2019
Status Report regarding securities fraud allegations against former employees of deVere USA in U. S. Securities and Exchange Commission v. Benjamin Alderson, described in the complaint in 2018 as a citizen of the United Kingdom residing in the Bahamas, and Bradley Hamilton, described in the complaint as a citizen and resident of the United Kingdom, at the U. S. District Court for the Southern District of New York.