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Banco BTG Pactual S.A. v. Kabat, Schertzer, De La Torre, Taraboulos & Co. et al: Discovery Application (Brazil)

November 20, 2024
Application by Banco BTG Pactual S.A. to take discovery from Kabat, Schertzer, De La Torre, Taraboulos & Co. and Gilberto Giberti for use in legal proceedings in Brazil in which Banco BTG Pactual is seeking BRL$186 million against João Arantes Neto, Ricardo Borges Arantes, and Maria Eliana de Aquino Borges Arantes, filed at the U.S. District Court for the Southern District of Florida.

SEC v. Olayinka Oyebola et al: Complaint (‘Fraudulent Audits’)

September 30, 2024
Complaint accusing the defendants of "enabling and concealing a massive, multi-year fraudulent scheme in wholesale abdication of their professional obligations as independent public accountants and financial industry gatekeepers" in U.S. Securities and Exchange Commission v. Olayinka Temitope Oyebola, an accountant residing in Nigeria, and Olayinka Oyebola & Co. (Chartered Accountants), described as a Nigerian accounting firm "with branch offices in Houston, Texas, and Ontario, Canada", at the U.S. District Court for the Southern District of New York.

SEC v. Paul Bilzerian et al: Complaint (‘Revenue Fraud’)

September 27, 2024
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. Nigel Sinclair et al: Criminal Indictment (‘$5M Offshore Tax Fraud’)

September 12, 2024
Criminal Indictment alleging the concealment of $25 million of income via an offshore tax fraud scheme involving individuals, entities and/or accounts in Australia, British Virgin Islands, England, Jersey, in the Channel Islands; Malta, Monaco, Switzerland, and USA in USA v. John Nigel Barton Sinclair, described as a dual citizen of the United Kingdom and United States and film producer who "has received Emmy and Grammy awards", and Anthony Stewart, described as a citizen and resident of Australia and a chartered accountant, at the U.S. District Court for the Central District of California.

Mansion (Gibraltar) Ltd. et al v. Karel Manasco et al: Judgment (Various Applications)

August 14, 2024
Judgment regarding applications to amend the defense and counterclaim, "to exhibit into evidence correspondence exchanged between Verralls and Isolas", and "for an order for specific disclosure or inspection of documents" in Mansion (Gibraltar) Limited and Onisac Limited, both of Gibraltar v. Karel Christian Manasco and KM Accountants Limited, both of Gibraltar, at the Supreme Court of Gibraltar.

Thierry Grun: Auditor Disqualification (Luxembourg)

July 9, 2024
Public Notice by the Luxembourg CSSF that it has imposed "the permanent deregistration from the public register and the permanent prohibition for the réviseur d’entreprises agréé (approved statutory auditor)" of Thierry Grun.

TriLinc Global Impact Fund LLC et al v. RSM US LLP: Complaint (‘Audit Fraud’)

April 22, 2024
Complaint in TriLinc Global Impact Fund LLC, TriLinc Global Impact Fund - Cayman Ltd., of the Cayman Islands; TriLinc Global LLC, TriLinc Advisors LLC, TriLinc Global Advisors LLC, TriLinc Global Impact Fund II LLC, TriLinc Global Sustainable Income Fund LLC, TriLinc Global sustainable Income Fund International L.P., of the Cayman Islands; TriLinc Global Sustainable Income Fund II International L.P., of the Cayman Islands, and TriLinc Global Sustainable Income Fund III LLC v. RSM US LLP and Does 1-10 at the Superior Court of the State of California, County of Los Angeles.

Luc Despins v. Premiere Accounting Solutions Ltd.: Complaint (‘$1.1M Fraudulent Transfers’)

February 12, 2024
Complaint to avoid and recover “fraudulent” transfers of $1,102,962 in Luc Despins, as the Chapter 11 Trustee for Ho Wan Kwok, a citizen of China currently in custody in the United States awaiting trial for an alleged $1 billion fraud and money laundering scheme v. Premiere Accounting Solutions Ltd., of New Zealand, at the U.S. Bankruptcy Court for the District of Connecticut.

Cloopen Group Holding Ltd.: Cease and Desist Order (‘Accounting Fraud’)

February 6, 2024
Cease and Desist Order in U.S. Securities and Exchange Commission v. Cloopen Group Holding Limited, described as a Cayman Islands-domiciled, China-based "provider of cloud-based communications products and services to enterprises of various sizes located primarily in China", in an administrative proceeding before the Securities and Exchange Commission.

TCA Global Credit Fund, LP et al v. Grant Thornton Cayman Islands et al: Complaint (‘Fund Audit’)

January 17, 2024
Complaint "for enabling and failing to prevent the gross mismanagement of the Receivership Entities by certain former insiders of TCA Fund Management Group Corp." in Jonathan E. Perlman, as court-appointed Receiver for TCA Global Credit Fund, LP, TCA Global Credit Fund, Ltd., TCA Global Credit Master Fund, LP, and TCA Global Lending Corp. v. Grant Thornton Cayman Islands and Grant Thornton Ireland at the U.S. District Court for the Southern District of Florida.

BDO USA P.C. v. Justin Rojas: Complaint (‘Raiding of Clients’)

January 5, 2024
Complaint that "arises out of former BDO employee Rojas’s departure to Armanino LLP - a competitor of BDO - and subsequent raiding of BDO clients and employees in violation of Rojas's restrictive covenant obligations to BDO" in BDO USA P.C. v. Justin Rojas at the U.S. District Court for the Southern District of New York.

Cannell Capital LLC et al v. Baker Tilly US LLP et al: Complaint (‘$40M LoanMe/NextPoint Fraud’)

December 4, 2023
Complaint alleging professional negligence, negligent misrepresentation, and fraud in Cannell Capital, LLC, Tristan Partners, L.P., Tonga Partners, L.P., Tristan Offshore Fund, Ltd., Dugong, LLC, Frontier Capital, Ltd., Drake Enterprises, Ltd., Philip Drake, Motus Advisors, Inc., Turner Momentum Investments, LLC and Michael Piper v. Baker Tilly US LLP and Ernest Miranda, described as "a partner with Baker Tilly US, LLP in the account / advisory / audit firm’s Orange County, Office" at the Superior Court of the State of California, for the County of Orange.

Grant Thornton (Cayman Islands) v. Robert Press et al: Writ of Summons (‘TCA Funds’)

September 22, 2023
Writ of Summons in Grant Thornton, of the Cayman Islands, as auditor of TCA Global Credit Fund, LP, TCA Global Credit Fund, Ltd., and TCA Global Credit Master Fund, LP v. Robert Press, Bernard Sumner, Bruce Wookey, William Fickling, Tara Antal, and TCA Management Group Corp., all with c/o addresses in Florida, USA, and Alyce Schreiber, of Florida, USA, at the Grand Court of the Cayman Islands.

Valentina Gonzalez et al v. Prager Metis CPAs, LLC et al: Discovery Application (Venezuela)

September 19, 2023
Application by Valentina Mata González, Alejandra Mata González, and Maryan Carolina Mata González to take discovery from Prager Metis CPAs, LLC, Zomma Group Management, LLC, Asia Condominium Association, Inc., Ponte S. Trinita Corp., One Tequesta Point Condominium Association, Inc., William J. Segal, P.A., and Hilda Josefina Medrano for use in legal proceedings in Venezuela regarding the estate of Ricardo Mata Fernández (deceased), filed at the U.S. District Court for the Southern District of Florida.

Connor O’Keefe v. Deltec Bank and Trust Company Ltd. et al: Class Action Complaint (‘$8B FTX Crypto Fraud’)

February 22, 2023
Class Action Complaint for allegedly "aiding and abetting" an alleged $8 billion fraud by Sam Bankman-Fried's FTX crypto group the defendants in Connor O'Keefe v. Sequoia Capital Operations LLC, Silvergate Bank, Signature Bank, Deltec Bank and Trust Company Limited, described as "an offshore bank licensed and operating in The Bahamas"; Farmington State Bank, d.b.a. Moonstone Bank; Jean Chalopin, described as "a banking executive domiciled in The Bahamas"; Thomas Bravo LP, Paradigm Operations LP, Temasek Holdings (Private) Limited, of Singapore; Softbank Vision Fund (AIV M2) L.P., Ribbit Capital, L.P., Altimeter Capital Management, LP, Multicoin Capital Management LLC, Tiger Global Management, LLC, Sino Global Capital Limited, of the Bahamas; Fenwick & West LLP, Prager Metis CPAs, LLC, and Armanino, LLP at the U.S. District Court for the Southern District of Florida.

Mansion (Gibraltar) Ltd. et al v. Karel Manasco et al: Judgment (£5M Worldwide Freezing Order)

February 21, 2023
Judgment issuing a £5 million worldwide asset freeze order for alleged "serious misconduct" by Karel Manasco in Mansion (Gibraltar) Ltd. and Onisac Limited, which "are part of a wider group of companies (“the Mansion Group”) which together comprise and operate an online gaming enterprise known as “Mansion”" v. Karel Christian Manasco, described as "a qualified accountant and Fellow of the Association of Certified Chartered Accountants" who served as Mansion Gibraltar's "Chief Executive Officer and de facto Chief Financial Officer", and KM Accountants Limited, of Gibraltar, at the Supreme Court of Gibraltar.

Stephen Pierce v. Sam Bankman-Fried et al: Class Action Complaint (‘FTX Crypto Fraud’)

November 23, 2022
Class Action Complaint alleging "one of the great frauds in history" in Stephen Pierce v. Samuel Bankman-Fried, Caroline Ellison, Zixiao Gary Wang, Nishad Singh, Armanino LLP, described as "an accounting and consulting firm that was engaged by the FTX Group to perform corporate audits", and Prager Metis CPAs LLC, described as "an accounting and consulting firm that was engaged by the FTX Group to perform corporate audits", at the U.S. District Court for the Northern District of California.

SEC v. Michael Weiss: Complaint (Insider Trading-Ernst & Young Clients)

September 21, 2022
Complaint alleging "insider trading by Defendant in the stock of four Ernst & Young LLP clients or prospective clients made while he was employed as an EY Business Development Director" in U.S. Securities and Exchange Commission v. Michael Weiss at the U.S. District Court for the Southern District of New York.

Sayantani Ghose v. Ernst and Young LLP: Complaint (‘Whistleblower Retaliation’)

September 14, 2022
Complaint alleging whistleblower retaliation in Sayantani Ghose, described as someone who "contributed enormously to Ernst & Young, LLP for 15 years, moved up the ranks to partner and became an internationally known expert in transfer pricing, only to have her career at EY end because she refused to sign off on transactions that she believed violated tax and securities laws" v. Ernst & Young LLP, described as a Delaware "audit firm" based in New York, at the U.S. District Court for the Southern District of New York.

Ursula Capital Partners LP v. Crowe UK LLP: Complaint (‘Old Akazoo Fraud’)

March 22, 2022
Complaint alleging "the false written and oral representations made by Crowe that caused Plaintiffs to invest tens of millions of dollars into a company whose supposed business was essentially a complete fiction with fictional revenues, fictional expenses and fictional assets", identified as Akazoo Limited, a.k.a. Old Akazoo, in Ursula Capital Partners LP v. Crowe UK LLP, a British accounting firm, at the U. S. District Court for the Northern District of Georgia.

Richard Kissack: Disqualification

December 31, 2021
Public Notice by the Isle of Man Financial Services Authority that it has disqualified Richard Ian Kissack, an accountant who was sentenced to 13 months in prison in September 2021 after he pleaded guilty to tax evasion in the Isle of Man.

SPS Corp I v. General Motors et al: Discovery Application

December 23, 2021
Application by SPS Corp I - Fundo de Investimento em Direitos Creditórios Não Padronizados, described as "a Brazilian entity that purchased the IPI tax indemnification rights of 35 car dealerships in Brazil", to take discovery from General Motors Co., Deloitte & Touche LLP, and Ernst & Young LLP for use in "pending and contemplated Brazilian legal proceedings against GM’s wholly owned subsidiary, General Motors do Brasil LTDA., for monies that GM Brazil owes the Applicant in connection with a three-decade-long tax dispute between GM Brazil and the Brazilian federal government for tax credits paid by several GM car dealerships in Brazil", filed at the U. S. District Court for the District of Delaware.

AFX Capital Markets Ltd. et al: License Revocation, Industry Bans & €350K Fines

December 23, 2021
Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of AFX Capital Markets Ltd. and imposed collective fines totaling €350,000 on two of its directors, Manuela Mazzacco and Andreas Lianos, who also received industry bans, and two of auditors, BDO Ltd. and Anthimos, Leonidou and Partners Ltd., for regulatory breaches.

Vistra (BVI) sued over audits of DC Solar’s “multi-billion-dollar fraud”

December 22, 2021
British Virgin Islands-based corporate services provider Vistra and accountant Indervir Basra, who works for the group in California, are being sued in the United States regarding audits of DC Solar, which collapsed after swindling investors out of an estimated $1 billion. The audits were allegedly conducted by a group that Vistra acquired just seven months before DC Solar's headquarters was raided by the FBI in December, 2018.

East West Bank et al v. Vistra (BVI) et al: Complaint

December 17, 2021
Complaint alleging aiding and abetting fraud, concealment, and negligence regarding the auditing of "a multi-billion-dollar fraud" by DC Solar Funds and DC Solar Solutions in East West Bank, East West Bancorp Inc., Progressive Casualty Insurance Company, GEICO Corporation, The Sherwin-Williams Company, People's United Bank NA, People's United Financial Inc., Adhi-Solar LLC, DV VNB Community Renewables Fund LLC, DV VNB Community Renewables Fund III LLC, and Pardee Solar 1 LLC v. Vistra Group Holdings (BVI) Limited, of the British Virgin Islands; Vistra Group Holdings (BVI) I Limited, of the British Virgin Islands, and Indervir Basra, of California, at the Superior Court of the State of California, County of Los Angeles.

Luxemburg Capital LLC et al v. Terrence Fergus et al: Complaint

November 27, 2021
Complaint alleging fraud exceeding $55 million by a Trustee regarding the proceeds from the sale of Whole Health Management to Walgreens in Luxemburg Capital LLC, Michael Mears, as the Trustee of the James J. Hummer Family 2008 Dynasty Trust, Irrevocable Trust Agreement for the benefit of James Henry Moore Hummer, Irrevocable Trust Agreement for the benefit of Therese Moore Hummer, Irrevocable Trust Agreement for the benefit of Harlan Thomas Moore Hummer, and Irrevocable Trust Agreement for the benefit of Peter James Moore Hummer; James Henry Moore Hummer, Therese Moore Hummer, Harlan Thomas Moore Hummer, and Peter James Moore Hummer v. Terrence Fergus, described as a Certified Public Accountant; Fairway Sports Management LLC, d.b.a. FSM Capital Management LLC, and Thread Fin Investments LLC at the U. S. District Court for the Northern District of Ohio.

Direct Lending Income Fund LP v. EisnerAmper LLP: Complaint

November 24, 2021
Complaint alleging "a spectacular multi-year fraud" by Direct Lending Income Fund LP in Bradley D. Sharp, as the Permanent Receiver for the Estate of Direct Lending Income Fund LP v. EisnerAmper LLP at the Supreme Court of the State of New York, County of New York.

MGG SF Drawdown Master Fund (Cayman) LP et al v. The Green Group: Summons with Notice

October 29, 2021
Summons With Notice for damages of $24 million alleging malpractice and fraud involving Zayat Stables in MGG SF Drawdown Master Fund (Cayman) LP, MGG SF Drawdown Unlevered Fund LP, MGG SF Evergreen Master Fund (Cayman) LP, MGG SF Evergreen Unlevered Fund LP, MGG Insurance Fund Series Interests of the SALI Multi-Series Fund LP, MGG SF Evergreen Unlevered Master Fund II (Cayman) LP, and MGG Onshore Funding II LLC v. Leonard C. Green & Co. PA, d.b.a. The Green Group, which describes itself on its website as "an accounting, tax, consulting and advisory firm", at the Supreme Court of the State of New York, County of New York.

USA v. Mark Gyetvay: Criminal Indictment (‘Tax Evasion’)

September 22, 2021
Criminal Indictment alleging tax evasion involving companies or accounts in Belize, British Virgin Islands, Cayman Islands, Russia, and Switzerland in USA v. Mark Gyetvay, the Chief Financial Officer of Russian gas producer Novatek who is apparently a citizen of Italy, Russia, and the United States, at the U. S. District Court for the Middle District of Florida.

Peace United Ltd. v. 1906 Collins LLC et al: Discovery Application

August 26, 2021
Application by Peace United Ltd., of England, to take discovery from 1906 Collins LLC, Mathieu Massa, Sabadell United Bank, HSBC Bank USA, Gero Evaul & McClockey, Fiske & Company, and Beilinson Gomez Architects PA for use in legal proceedings in France, filed at the U. S. District Court for the Southern District of Florida.

Bavaguthu Shetty et al v. Bank of Baroda et al: Complaint

July 16, 2021
Complaint for more than $7 billion "brought by two victims of Defendants' massive financial fraud surrounding NMC Health Plc and its related entities" that was "exposed when an investigative market research firm, Muddy Waters Research LLC, released a report questioning the integrity of NMC's audited financials" in Dr. Bavaguthu Raghuram Shetty and Neopharma LLC v. Bank of Baroda, of New York; Credit Europe Bank NV, of the Netherlands; Ernst & Young Global Limited, of England; Ernst & Young EMEIA Limited, of England; Prasanth Manghat, Promoth Manghat, Suresh Kumar Vadakke Kootala, and Suresh Kumar Nandiraju, all of India, at the Supreme Court of the State of New York, County of New York.

PLS, CPA et al: Penalties

July 9, 2021
Administrative Order by the U. S. Securities and Exchange Commission imposing penalties on PLS, CPA, Chang G. Park, Joseph Yongyun Lee, and Juchi Lee, all accountants, for "improper professional conduct" involving, inter alia, Interactive Multi-Media Auction Corporation, described as "a British Virgin Islands corporation with its principal place of business in the United Kingdom" and "formerly headquartered in Hong Kong".

Accounts for All Ltd.: Registration Revocation

May 19, 2021
Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Accounts For All Limited. Editor's Note: Research by OffshoreAlert in the Isle of Man Companies Registry showed that Accounts For All Limited was incorporated on September 15th, 2003 and, in its last annual report, for 2017, its directors and shareholders were identified as James John Murphy Forbes, a British accountant, and Angela Michelle Forbes, also British, both of the Isle of Man, the latter of whom resigned as a director effective May 8th, 2019.

SEC v. Carlos Irizarry Santiago: Application to Comply with Subpoena

May 19, 2021
SEC's Application for an order to show cause and an order requiring compliance with a subpoena "in connection with its formal investigation into potential violations of the federal securities laws by Back to Green Mining, LLC, a Puerto Rico company purporting to be investing in mining operations in Colombia, and its principals, representatives, and affiliates" in U. S. Securities and Exchange Commission v. Carlos R. Irizarry Santiago, CPA, of Puerto Rico, at the U. S. District Court for the District of Columbia.

Crowe Mak LLP: $5K Fine

May 6, 2021
Public Notice by the Abu Dhabi Global Market Financial Services Regulatory Authority that it has imposed a fine of $5,000 on Crowe Mak LLP for regulatory breaches.