Polaris Financial Investments S.A.: Structuring Memorandum (Luxembourg)
'Structuring Memorandum' for Polaris Financial Investments S.A., of Luxembourg.
181 Harbour Mezz LLC v. Kore Fund Ltd.: Notice of Removal (‘Vulture Fund’)
Notice of Removal, including a copy of the complaint alleging "an attempt by a vulture fund, Mezz Lender, to fabricate an event of default and seize Mezz Borrower’s very valuable equity", in 181 Harbor Mezz LLC v. Kore Fund Ltd., of the Cayman Islands, at the U.S. District Court for the Southern District of New York.
ProInvest Equity AG: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that ProInvest Equity AG is "suspected of conducting unauthorised activities in the financial market".
SEC v. Vista Financial Advisors LLC et al: Complaint (‘Ownership Disclosure Misrepresentation’)
Complaint alleging misrepresentation of ownership involving, inter alia, "a Swedish trust" in U.S. Securities and Exchange Commission v. Vista Financial Advisors LLC and Ruben Cedrick Williams at the U.S. District Court for the Southern District of New York.
507 Summit LLC et al v. Alex Nanyan Zheng: Discovery Application (Cayman Islands)
Application by 507 Summit LLC, Oasis Focus Fund LP, and Quadre Investments, L.P. to take discovery from Alex Nanyan Zheng for use in an "appraisal proceeding" in the Cayman Islands "in relation to the leveraged take-private merger of 51job, Inc.", filed at the U.S. District Court for the District of Arizona.
507 Summit LLC et al v. James Liang: Discovery Application (Cayman Islands)
Application by 507 Summit LLC, Oasis Focus Fund, and Quadre Investments L.P. to take discovery from James Jianzhang Liang for use in "appraisal proceedings pending before the Grand Court of the Cayman Islands in relation to the leveraged take-private merger of 51job, Inc.", described as "a leading provider of human resources services in the People’s Republic of China", filed at the U.S. District Court for the Northern District of California.
SEC v. Aras Investment Business Group S.A.P.I. de C.V. et al: Complaint (‘$6M Fraud’)
Complaint alleging "a multi-million-dollar Ponzi scheme, affinity fraud, and unregistered offering of securities" in U.S. Securities and Exchange Commission v. Aras Investment Business Group S.A.P.I. de C.V., of Chihuahua, Mexico; Armando Gutierrez Rosas, Maria de Lourdes Tolentino Roque, Diayanira Rendon Trejo, Efren Norberto Quiroz Gardea, and Luis Ricardo Quiroz Gardea, all citizens of Mexico, at the U.S. District Court for the Western District of Texas.
U.S.-Russian fund manager Peter Kambolin charged with fraud involving crypto & FX funds
Florida-based U.S.-Russian investment manager Peter Kambolin has been criminally charged with conspiracy to commit commodities fraud at federal court in Miami involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA.
USA v. 5,012,294.90 in TetherUS et al: Forfeiture Complaint (‘Investment Fraud Crypto Laundering’)
Forfeiture Complaint regarding virtual assets seized from accounts at Binance crypto exchange in the names of Kosit Sisawigon and Suradet Totsaponvised, both in Thailand, and Low Li Yu, in Malaysia, that "was swindled from victims through the course of an investment fraud scam" in USA v. 5,012,294.90 in TetherUS, 75,589,553.41 in Gala, 226.81 in BNB, 1,264.16 in Bitcoin, 1,495.72 in Litentry, 48,969 in Fantom, 47.17 in Ethereum, and 501.41 in BUSD at the U.S. District Court for the District of Arizona.
Bernard L. Madoff Investment Securities LLC et al v. Russell Oasis: Complaint (‘$12.8M Transfers’)
Complaint in Irving Picard, as Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and the Chapter 7 Estate of Bernard L. Madoff v. Russell Oasis, filed at the U.S. Bankruptcy Court for the Southern District of New York.
USA v. $161K: Forfeiture Complaint (‘Crypto & Other Fraud’)
Forfeiture Complaint regarding the alleged proceeds of wire fraud involving a purported crypto exchange known as "ANT Coin", fake tech support, romance, and other alleged scams and whose victims include a "76-year-old widow" in USA v. $161,354.08 at the U.S. District Court for the Eastern District of Pennsylvania.
USA v. Peter Kambolin: Criminal Information (‘Crypto & FX Fraud’)
Criminal Information alleging conspiracy to commit commodities fraud involving entities in or from Belarus, Cayman Islands, Dominica, Nevis, Russia, Turkey, and USA in USA v. Peter Kambolin, described as "a U.S.-Russian national" residing in Sunny Isles Beach, Florida, USA, at the U.S. District Court for the Southern District of Florida.
Woodstock Capital International Ltd.: Directors (Cayman Islands)
Director Details for Woodstock Capital International Ltd., obtained from the Cayman Islands General Registry on September 19th, 2023.
SEC v. William Miller: Complaint (‘$10M Securities Fraud’)
Complaint alleging the defendant "made material misstatements to two entities that would each invest $5 million in Woodstock Partners, a charter school in Minnesota and a real estate fund in Michigan" involving entities in the Cayman Islands, Delaware, and New Jersey in U.S. Securities and exchange Commission v. William E. Miller, of Charlotte, North Carolina, USA, at the U.S. District Court for the Southern District of New York.
Ryan O’Dell v. Capri Holdings Ltd. et al: Complaint (‘Material Misrepresentations’)
Complaint in Ryan O'Dell v. Capri Holdings Limited, described as a British Virgin Islands-domiciled, London, England-based company that "designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia"; John D. Idol, Marilyn Crouther, Robin Freestone, Judy Gibbons, Mahesh Madhavan, Stephen F. Reitman, Jane Thompson, and Jean Tomlin at the U.S. District Court for the Southern District of New York.
SEC v. Concord Management LLC et al: Complaint (‘$7.2B Unregistered Investment Advisers for Sanctioned Russian’)
Complaint alleging the defendants operated as "investment advisers for the benefit of a single client: a wealthy former Russian political official living outside the United States" without being registered with the SEC, managing "a private fund securities portfolio with an estimated total value of $7.2 billion", in U.S. Securities and Exchange Commission v. Concord Management LLC and Michael Matlin, both of New York, USA, at the U.S. District Court for the Southern District of New York. Editor's Note: The 'Russian client' is not identified in the SEC's complaint but The New York Times reported that it was Roman Abramovich.
Tricia Janetzke v. eLoanWarehouse.com et al: Class Action Complaint (‘Indian Tribe Consumer Loan Fraud’)
Class Action Complaint in Tricia Janetzke v. Opichi Funds LLC, d.b.a. eLoanWarehouse.com, purportedly "an entity organized as “an economic development arm and instrumentality of, and wholly-owned and controlled by, the Lac Courte Oreilles Band of Lake Superior Chippewa Indians, a federally-recognized sovereign American Indian Tribe"; David Johnson, Kirk Michael Chewning, Cane Bay Partners VI, LLLP, Dimension Credit (Cayman), L.P., of the Cayman Islands; Strategic Link Consulting, LP, Esoteric Ventures, LLC, InfoTel International Ltd., of Belize; M. Mark High, Ltd., of Belize; Kim Anderson, Jay Clark, LaCourte Oreilles Financial Services II, LLC and Does 1-20 at the U.S. District Court for the Northern District of Illinois.
SEC v. Wilson Rondini III et al: Complaint (‘Unregistered Broker-Dealer’)
Complaint alleging the defendants operated as a broker-dealer without being registered in U.S. Securities and Exchange Commission v. Wilson J. Rondini III, of Florida, USA; Falcon Capital LLP, of the United Kingdom, and Falcon Capital Partners Limited, of Hong Kong, at the U.S. District Court for the Southern District of Florida.
Gemini Trust Company LLC v. Digital Currency Group Inc. et al: Amended Complaint (‘Crypto Fraud’)
Amended Complaint in Gemini Trust Company LLC v. Digital Currency Group Inc. and Barry Silbert at the U.S. District Court for the Southern District of New York.
SEC v. NDB Inc. et al: Complaint (‘$1.2M Securities Fraud’)
Complaint alleging "the fraudulent offer and sale of securities" in U.S. Securities and Exchange Commission v. NDB Inc., described as a Wyoming-domiciled and based "private technology startup company formerly based in San Francisco and Pleasanton, California", and Nima Golsharifi, described as a resident of London, England, at the U.S. District Court for the Northern District of California.
IIG Global Trade Finance Fund Ltd. et al v. International Investment Group LLC et al: Unredacted Complaint (‘$169M Fraudulent Transfers’)
Unredacted Complaint in IIG Global Trade Finance Fund Limited (in Official Liquidation), IIG Structured Trade Finance Fund Limited (in Official Liquidation), both of the Cayman Islands, and Christopher Kennedy and Alexander Lawson, as Joint Official Liquidators and as assignees of the creditors of IIG Global Trade Finance Fund Limited (in Official Liquidation) and IIG Structured Trade Finance Fund Limited (in Official Liquidation) v. International Investment Group L.L.C., Trade Finance Trust, Deutsche Bank Trust Company Americas, Assured Investment Management LLC (f/k/a BlueMountain Capital Management, LLC), Tennenbaum Capital Partners, LLC, KKR Credit Advisors (US) LLC, Elanus Capital Management, LLC, BlueMountain Foinaven Master Fund L.P., BlueMountain Logan Opportunities Master Fund L.P., BlueMountain Montenvers Master Fund SCA SICAV-SIF, BlueMountain Timberline Ltd., BlueMountain Kicking Horse Fund L.P., BlueMountain Credit Opportunities Master Fund I L.P., Tennenbaum Senior Loan Fund IV-B, LP, Tennenbaum Senior Loan Fund II, LP, Tennenbaum Senior Loan Operating III, LLC, Corporate Capital Trust, Inc., KKR Debt Investors II (2006) (Ireland) L.P., KKR TRS Holdings, Ltd., KKR-PBPR Capital Partners L.P., Special Value Continuation Partners, LP, and Elanus Capital Investments Master SP Series 1, John Doe Subsequent Transferees 1-10,000 at the U.S. Bankruptcy Court for the Southern District of New York.
Weihua Du v. Shalom Segelman et al: Complaint (‘$550K E-B Investor Immigration Program Fraud’)
Complaint in Weihua Du, described as "a Chinese foreign investor who participated in the U.S. Government's EB-5 investor immigration program" v. Shalom Segelman, Line DC Manager LLC, The Line DC Escrow LLC, Yucaipa U.S. Hospitality Partners, LLC, YAAF II Parallel (U.S. Hospitality Partners), Inc., Adams Morgan Managing Member LLC, Adams Morgan Hotel Holdings LLC, Adams Morgan Hotel JV LLC, Adam Morgan Hotel Members LLC, Adams Morgan Hotel Owner LLC, Milou Chesapeake Regional Center LLC, Yevgeny Samokhleb, and Liu & Bitterman PLLC at the U.S. District Court for the Eastern District of New York.
LedgerScore International Pte Ltd. et al v. AuBit International: Winding Up Petition (‘Crypto Investment Fraud’)
Winding Up Petition in LedgerScore International Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described as "retail investors who utilized an online cryptocurrency trading platform operated by the Company called "Freeway", and who invested in Freeway's Supercharger program" v. AuBit International at the Grand Court of the Cayman Islands.
AI MTBL SPV LLC v. MTBL Global Fund: Restoration & Winding Up Petition (‘$16M Debt’)
Restoration and Winding Up Petition in AI MTBL SPV, LLC, of Delaware, USA v. MTBL Global Fund at the Grand Court of the Cayman Islands.
Kevin Gelasio v. Haris bin Zafar et al: Complaint (‘$2.5M NFT Crypto Fraud’)
Complaint "about a pseudonymous Internet trickster and amateur artist who thinks his quasi-anonymity and modest notoriety allows him to criminally defraud his ostensible friends and business partners, psychologically manipulate and bully them into silence, and unjustly enrich himself at their expense without facing any repercussions" in Kevin Gelasio, described as "a full-time nurse and part-time cryptocurrency trader" v. Haris bin Zafar, described as a citizen and resident of the United Kingdom, and Project Ether Limited, of Hong Kong, at the U.S. District Court for the Northern District of California.
Ubaydullo Mirvaydulloev v. Sea Ltd. et al: Class Action Complaint
Class Action Complaint in Ubaydullo Mirvaydulloev v. Sea Limited, described as a Cayman Islands-domiciled, Singapore-based company that is part of a froup that "provides digital entertainment, ecommerce, and digital financial services in Asia, Latin America, and internationally"; Forrest Xiaodong Li, and Tony Tianyu Hou at the U.S. District Court for the District of Arizona.
SEC v. Guosheng Qi et al: Complaint (‘Securities Fraud’)
Complaint alleging "misuse and unreported use of funds raised in a 2016 initial public offering (IPO) as well as Defendants’ failure to disclose millions of dollars in related-party transactions that benefitted Defendant Qi’s family members" in U.S. Securities and Exchange Commission v. Guosheng Qi, described as a resident of China and Hong Kong, and Gridsum Holding Inc., described as Cayman Islands-domiciled "cloud-based analytics company", as Defendants, and Huijie He, described as a resident of China and Hong Kong, as Relief Defendant, at the U.S. District Court for the Southern District of New York.
Sabby Volatility Warrant Master Fund Ltd. v. Jupiter Wellness Inc.: Complaint (‘$500K Losses’)
Complaint alleging "Defendant’s breach of its bylaws and failure to honor the publicly announced record date for a valuable stock dividend" in Sabby Volatility Warrant Master Fund Ltd., of the Cayman Islands v. Jupiter Wellness Inc. at the U.S. District Court for the Southern District of New York.
Diversey Holdings Ltd.: ‘Fair Value’ Petition
Petition to determine the 'Fair Value' of shares in the matter of Diversey Holdings Ltd., described as "a leading provider of hygiene, infection prevention and cleaning solutions", at the Grand Court of the Cayman Islands.
Airstream Investment Ltd.: Directors (Cayman Islands)
Director Details for Airstream Investment Ltd., obtained from the Cayman Islands General Registry on September 5th, 2023.
LM Fund One Ltd.: Directors (Cayman Islands)
Director Details for LM Fund One Ltd., obtained from the Cayman Islands General Registry on September 5th, 2023.
PFM GP Ltd.: Directors (Cayman Islands)
Director Details for PFM GP Limited, obtained from the Cayman Islands General Registry on September 5th, 2023.
Ning Du v. LM Fund One Ltd.: Winding Up Petition (‘Investment Fraud’)
Winding Up Petition by an investor who "is concerned that she has been the victim of fraudulent conduct" in Ning Du, of Beijing, China v. LM Fund One Ltd. at the Grand Court of the Cayman Islands.
Harshil Topiwala v. Fred Khalilian et al: Complaint (‘$583K Crypto Investment Guaranty’)
Complaint alleging failure to honor a "personal guaranty" regarding a $583,500 investment in Harshil Topiwala, a citizen and resident of the United Kingdom v. Fereidoun “Fred” Khalilian and BlockChain Consulting Group, LLC at the Superior Court of the State of California, County of Los Angeles.
Meg Skelton et al v. Golden Cap Ltd. et al: Complaint (‘$364K Crypto Investment Fraud’)
Complaint alleging "the unregistered sale of investment advisory services as a cryptocurrency swindle that is becoming all too familiar in the United States" in Meg Skelton, Will Skelton, Chris Parrado, Erik Henyon, Francine Loomiller, Megan Maynard, Helen Korb, Travis Manntz, Richard Corcoran, Donald Kurkowski, Colby Dolezal, Brett East, Mark Miyasaki, and William Fox v. Golden Cap Ltd., d.b.a. Golden Capitals Ltd., described as an English company based in Iceland; Gregor Grant, described as a resident of the United Kingdom, and John Does at the U.S. District Court for the District of Colorado.
IIG Global Trade Finance Fund Ltd. et al v. International Investment Group LLC et al: Redacted Complaint (‘$169M Fraudulent Transfers’)
Complaint in IIG Global Trade Finance Fund Limited (in Official Liquidation), IIG Structured Trade Finance Fund Limited (in Official Liquidation), both of the Cayman Islands, and Christopher Kennedy and Alexander Lawson, as Joint Official Liquidators and as assignees of the creditors of IIG Global Trade Finance Fund Limited (in Official Liquidation) and IIG Structured Trade Finance Fund Limited (in Official Liquidation) v. International Investment Group L.L.C., Trade Finance Trust, Deutsche Bank Trust Company Americas, Assured Investment Management LLC (f/k/a BlueMountain Capital Management, LLC), Tennenbaum Capital Partners, LLC, KKR Credit Advisors (US) LLC, Elanus Capital Management, LLC, BlueMountain Foinaven Master Fund L.P., BlueMountain Logan Opportunities Master Fund L.P., BlueMountain Montenvers Master Fund SCA SICAV-SIF, BlueMountain Timberline Ltd., BlueMountain Kicking Horse Fund L.P., BlueMountain Credit Opportunities Master Fund I L.P., Tennenbaum Senior Loan Fund IV-B, LP, Tennenbaum Senior Loan Fund II, LP, Tennenbaum Senior Loan Operating III, LLC, Corporate Capital Trust, Inc., KKR Debt Investors II (2006) (Ireland) L.P., KKR TRS Holdings, Ltd., KKR-PBPR Capital Partners L.P., Special Value Continuation Partners, LP, and Elanus Capital Investments Master SP Series 1, John Doe Subsequent Transferees 1-10,000 at the U.S. Bankruptcy Court for the Southern District of New York.
Centurion Group life settlement funds go into liquidation in Cayman after auditor resigns
Four Cayman Islands life settlement investment funds that are part of Bermuda national David Rawson-Mackenzie's Centurion Group have gone into liquidation after their auditor resigned due to "concerns" about how business was being conducted, namely Argent Fund SPC, Defined Return Fund Plc, Life Settlement Strategy Fund SPC, and Defined Returns Partnership LP, three of which appear to have been suspended for over 12 years.
VIDA Global Markets (V) Ltd.: License Revocation (Vanuatu)
Public Notice by the Vanuatu Financial Services Commission that it has revoked the Financial Dealers Licence of VIDA Global Markets (V) Limited.
Business Finance Opportunities Fund LP: ‘Court Supervision’ Petition
Petition for Court Supervision of a Voluntary Liquidation in the matter of Business Finance Opportunities Fund LP (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
Global Fixed Income Fund I Ltd. et al v. Citibank et al: Discovery Application (England)
Application by Cosimo Borrelli, as Joint Provisional Liquidator of Global Fixed Income Fund I Limited (in Official Liquidation), Principal Investing Fund I Limited (in Official Liquidation), Long View II Limited (in Official Liquidation), all of the Cayman Islands, and Real Assets (RA) Global Opportunity Fund I Ltd. (in Provisional Liquidation), of the British Virgin Islands, to take discovery from Citibank N.A. and Brown Brothers Harriman for use in legal proceedings in England regarding the alleged "misdeeds of brothers Mutaz Otaibi and Hussam Otaibi, and James Wilcox, and abuse of their roles within the Floreat group of companies", filed at the U.S. District Court for the Southern District of New York.
Defined Returns General Partnership (GP) Ltd.: Directors (Cayman Islands)
Director Details for Defined Returns General Partnership (GP) Limited, obtained from the Cayman Islands General Registry on August 28th, 2023.
British fugitive fraudster Anthony Constantinou implicated in new forex and crypto scheme involving Greek broker Ardu Prime
British fugitive fraudster Anthony Constantinou has allegedly been participating in a new forex trading and crypto scheme that may have swindled investors out of tens of millions of dollars and involves entities and individuals in or from the Cayman Islands, England, Greece, Ireland, Malta, Seychelles, United Arab Emirates and USA, including Greek financial broker Ardu Prime and Dubai-based financial technology firm ClearTech Industries, OffshoreAlert can reveal.
Defined Return Fund Plc: Directors (Cayman Islands)
Director Details for Defined Return Fund Plc, obtained from the Cayman Islands General Registry on August 25th, 2023.
Life Settlement Strategy Fund SPC: Directors (Cayman Islands)
Director Details for Life Settlement Strategy Fund SPC, obtained from the Cayman Islands General Registry on August 25th, 2023.
Argent Fund SPC: Directors (Cayman Islands)
Director Details for Argent Fund SPC, obtained from the Cayman Islands General Registry on August 25th, 2023.
Central Laborers’ Pension Fund et al v. Palantir Technologies Inc. et: Complaint (‘Insider Trading’)
Stockholder Derivative Complaint in Central Laborers' Pension Fund, Ezra Cattan, Lisa Cattan, Saul Cattan, Sean Endress, Mikhail Kuperman, Hassan Kutom, Kristopher Mares, and Taylor McGraw, derivatively and on behalf of Palantir Technologies Inc. v. Alexander C. Karp, Peter Thiel, Stephen Cohen, Alexander Moore, Alexandra Schiff, Lauren Friedman Stat, Shyam Sankar, David Glazer, and Kevin Kawasaki, as Defendants, and Palantir Technologies Inc., as Nominal Defendant, at the Court of Chancery of the State of Delaware.
Cassandra Morss v. One Time Binary Inc. et al: Complaint (‘$45K Crypto Fraud’)
Complaint in Cassandra Morss v. One Time Binary Inc. and Sarah Ashley Norris, described as "a supposed 'cryptocurrency influencer' who maintains the moniker 'That Crypto Gal' via the Telegram messaging service", at the U.S. District Court for the District of Wyoming.
Bank Julius Baer & Co. Ltd. v. JBAM Global Income Fund: Winding Up Petition (‘$9.3M Debt’)
Winding Up Petition in Bank Julius Baer & Co. Ltd., of Hong Kong v. JBAM Global Income Fund at the Grand Court of the Cayman Islands.
AuBit International: Petition for Appointment of Restructuring Officers (‘Forex & Crypto Scheme Insolvency’)
Petition for the Appointment of Restructuring Officers in the matter of AuBit International, formerly known as AuBit Tokens International, which "was originally incorporated to explore opportunities to create and market innovative digital financial products and digital assets using blockchain technology" and later "expanded into creating an innovative digital asset management platform", at the Grand Court of the Cayman Islands.
Alpine Partners (BVI) LP et al v. Diversey Holdings Ltd.: ‘Fair Value’ Petition
Petition to determine the 'Fair Value' of shares in Diversey Holdings Ltd. in Alpine Partners (BVI), L.P., Corbin ERISA Opportunity Fund, Ltd., FW Deep Value Opportunities Fund I, LLC, FourWorld Event Opportunities, LP, FourWorld Global Opportunities Fund, Ltd., FourWorld Special Opportunities Fund, LLC, and Pinehurst Partners, L.P. v. Diversey Holdings Ltd., described as "a leading provider of hygiene, infection prevention, and cleaning solutions, with its headquarters in Fort Mill, South Carolina, United States of America", at the Grand Court of the Cayman Islands.