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Hoch Capital Ltd.: License Suspension

June 1, 2020
Decision by the Cyprus Securities and Exchange Commission to suspend the license of Hoch Capital Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Hoch Capital Ltd. are identified as Rodion Rahnayev, Eleni Michailidou, Christodoulos Christodoulou, and Chrysoula Kitti Savva and the secretary as Dilea Secretarial Limited.

Magnum FX (Cyprus) Ltd.: License Partial Suspension

June 1, 2020
Decision by the Cyprus Securities and Exchange Commission to partially suspend the license of Magnum FX (Cyprus) Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Magnum FX (Cyprus) Ltd. are identified as Andreas Matsas, George Miltiadou, Diana Jomantaite-Theocharous, Eliahu Eliron Shirazi, and Antonios Antoniou, and the secretary as Trea Secretarial Limited.

Rodeler Limited: License Suspension

June 1, 2020
Decision by the Cyprus Securities and Exchange Commission to suspend the license of Rodeler Limited. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Rodeler Limited are identified as Uzi Baruch, Kfir Cohen, Charalampos Georgakis, Ioannis Assiotis, and Dimitrios Leontis, and the secretary as Stella Stylianou.

Bainbridge Asia Ltd. et al: Permanent Bars

June 1, 2020
Decision by the National Futures Association permanently barring Bainbridge Asia Limited, of Hong Kong, and Wai Man Yip, a.k.a. Patrick Yip, before the National Futures Association.

Dubai FSA v. Anna Waterhouse et al: Judgment

June 1, 2020
Judgment in The Dubai Financial Services Authority v. The Commissioner of Data Protection and Anna Waterhouse, formerly "Head of Legal & Compliance Middle East and North Africa for Deutsche Bank AG", at the Dubai International Financial Centre Courts.

Indication Investments Ltd.: €160,000 Settlement

May 29, 2020
Announcement by the Cyprus Securities and Exchange Commission that Indication Investments Ltd. paid €160,000 to settle "possible violations of its regulatory obligations". Editor's Note: Research by OffshoreAlert showed that, in records kept by the Department of Registrar of Companies, the directors of Indication Investments Ltd. are identified as Thomas Xydas, Viacheslav Aleksandrovich Taran, Andrei Nikolaev, Alexey Trifonov, Giorgos Stylianou, and Michalis Kyriakidis.

BitClave PTE Ltd.: $29M Penalties

May 28, 2020
Administrative Order imposing disgorgement, interest, and a civil penalty totaling $29.3 million against BitClave PTE Ltd., described as "an early-stage blockchain services company that operates through an entity in Singapore and maintains its principal place of operations in San Jose, California", for conducting an unregistered Initial Coin Offering, before the U. S. Securities and Exchange Commission.

First Class Crypto Inc. et al: Settlement of Allegations

May 28, 2020
Order Approving Settlement in Ontario Securities Commission v. First Class Crypto Inc., Johnathan Harris, Mitchell Carnie, and Neill Kross regarding an investment offering "to purchase computing hardware that mines crypto assets".

Warren Davis: Administrative Proceedings

May 27, 2020
Order Instituting Administrative Proceedings against Warren Anthony Davis, described as a citizen of the Bahamas and founder and president of Gibraltar Global Securities Inc., "a Bahamian broker-dealer", regarding the sale of shares of Magnum d'Or, "a penny stock".

First Class Crypto Inc. et al: Statement of Allegations

May 27, 2020
Statement of Allegations against First Class Crypto Inc., Johnathan Harris, Mitchell Carnie, and Neill Kross regarding "false or misleading statements" when raising C$365,000 from investors purportedly "to purchase computing hardware that mines crypto assets", at the Ontario Securities Commission.

Hinduja Bank & Trust (Cayman) Ltd.: License Revocation

May 27, 2020
Decision Notice by the Cayman Islands Monetary Authority revoking the banking license of Hinduja Bank & Trust (Cayman) Ltd., whose "sole director" was identified as Gilbert Pfaeffli, who appears to be based in Switzerland.

Aldabra Consulting Services Ltd.: License Revocation

May 25, 2020
Announcement by the Seychelles Financial Services Authority that it has revoked the license of Aldabra Consulting Services Limited. Editor's Note: Research by OffshoreAlert showed that, according to an article by German news service Suddeutsche Zeitung on June 20th, 2018, Aldabra Consulting Services Limited was previously known as Mossack Fonseca but changed its name after the Mossack Fonseca group became involved in a global scandal as a result of the 'Panama Leaks' investigation that was co-ordinated by the International Consortium of Investigative Journalists.

ADCADA Investments AG PCC: Investor Warning

May 22, 2020
Investor Warning by the Austrian Financial Market Authority that ADCADA Investments AG PCC, of Liechtenstein, "is failing to comply with its obligations". Editor's Note: Research by OffshoreAlert showed that, in the Liechtenstein Commercial Register, the directors of ADCADA Investments AG PCC are identified as Lukas Jakob Wössner, Florian Scheiber, who is also President, and Benjamin Franklin Kühn, Chairman. On its website at https://adcada.healthcare/, ADCADA group claims to have "set up a production facility for mouth-nose protection mask" in Germany, where "12 million respiratory masks and other protective equipment are manufactured here every month".

Flat Innovations AG: Public Warning

May 20, 2020
Public Warning by the Swiss Financial Market Supervisory Authority that Flat Innovations AG is "suspected of conducting unauthorised activities in the financial market". Editor's Note: Research by OffshoreAlert showed that, in the Swiss Commercial Registry, Flat Innovations AG, was previously called RS Management Group AG and its sole member is identified as Rolf Schwab. On its website at www.flatmining.com, the company is described as a provider of "Hosted Cloud Mining" services that allows each client to become "a digital gold digger" and "is the most straightforward way for private investors to mine cryptocurrencies". Ownership of the domain name is concealed using a privacy service.

David Mapley: Four-Year Ban

May 20, 2020
Administrative Measure by the Luxembourg CSSF regarding David Mapley, a citizen of the United Kingdom.

FTC v. First Data Merchant Services LLC et al: Complaint

May 19, 2020
Complaint alleging telemarketing and consumer fraud that caused "tens of millions of dollars" of losses and involving a call center apparently based in Panama in Federal Trade Commission v. First Data Merchant Services LLC, of Florida, and Chi W. Ko, a.k.a. Vincent Ko, at the U. S. District Court for the Southern District of New York.

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.

CFTC v. Casper Mikkelsen: Complaint

May 18, 2020
Complaint alleging fraud in Commodity Futures Trading Commission v. Casper Mikkelsen, a.k.a. Carsten Nielsen, a.k.a. Brian Thomson, a.k.a. Thomas Jensen, a.k.a. Casper Muller, of Denmark, at the U. S. District Court for the Southern District of New York.

Morningstar Credit Ratings, LLC: $3.5M Fine

May 15, 2020
Administrative Order imposing a fine of $3.5 million against Morningstar Credit Ratings, LLC for breaching "a conflict of interest rule, by issuing or maintaining credit ratings where MCR employees who participated in determining or monitoring the credit ratings also participated in the sales or marketing of a product or service of MCR", before the U. S. Securities and Exchange Commission.

SEC v. Ronald Swanson: Complaint

May 14, 2020
Complaint alleging securities fraud involving Sonic Cavitation LLC, of Nevada, and Sonic Cavitation Ltd., of Ireland, in U. S. Securities and Exchange Commission v. Ronald D. Swanson at the U. S. District Court for the District of Connecticut.

SEC v. Turbo Global Partners Inc. et al: Complaint

May 14, 2020
Complaint alleging COVID-19-related securities fraud via false statements concerning BeMotion Inc., described as a "technology company" with offices in Toronto, Canada, and Amman, Jordan, in U. S. Securities and Exchange Commission v. Turbo Global Partners Inc., of Nevada, and Robert W. Singerman, of Tampa, Florida, at the U. S. District Court for the Middle District of Florida.

1Globe Capital LLC et al: Penalties

May 13, 2020
Order Imposing Penalties for securities violations on 1Globe Capital, LLC, described as a Delaware company based in Boston, MA, and Beijing, China that is "a family office that purchases stock listed on US exchanges", and Jiaqiang 'Chiang' Li, described as a resident of Boston and Beijing, regarding trading in Sinovac Biotech Ltd., described as an Antigua and Barbuda-domiciled firm based in China whose shares are listed on NASDAQ, before the U. S. Securities and Exchange Commission.

Yaroslav Martynenko et al: Sanctions

May 13, 2020
Announcement by the Cyprus Securities and Exchange Commission that it has imposed sanctions on Yaroslav Martynenko and Evgenios Martinides regarding PFX Financial Professional Ltd.

SEC v. TCA Fund Management Group Corp. et al: Injunction

May 12, 2020
Judgment for Permanent Injunction and Other Relief in U. S. Securities and Exchange Commission v. TCA Fund Management Group Corp., of Florida, and TCA Global Credit Fund GP Ltd., of the Cayman Islands, as Defendants, and TCA Global Credit Fund LP, TCA Global Credit Fund Ltd., and TCA Global Credit Master Fund LP, all of the Cayman Islands, as Relief Defendants, at the U. S. District Court for the Southern District of Florida.

SEC v. TCA Fund Management Group Corp. et al: Complaint

May 11, 2020
Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. TCA Fund Management Group Corp., of Florida, and TCA Global Credit Fund GP Ltd., of the Cayman Islands, as Defendants, and TCA Global Credit Fund LP, TCA Global Credit Fund Ltd., and TCA Global Credit Master Fund LP, all of the Cayman Islands, as Relief Defendants, 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.

SEC v. TCA Fund Management Group Corp. et al: Motion for Receiver

May 11, 2020
SEC's Expedited Motion for the Appointment of a Receiver in U. S. Securities and Exchange Commission v. TCA Fund Management Group Corp., of Florida, and TCA Global Credit Fund GP Ltd., of the Cayman Islands, as Defendants, and TCA Global Credit Fund LP, TCA Global Credit Fund Ltd., and TCA Global Credit Master Fund LP, all of the Cayman Islands, as Relief Defendants, at the U. S. District Court for the Southern District of Florida.

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.

SEC v. Daniel Putnam et al: Complaint

May 7, 2020
Complaint alleging a "fraudulent offering of digital asset-related securities" in U. S. Securities and Exchange Commission v. Daniel F. Putnam, of Utah; Jean Paul Ramirez Rico, of Colombia; Angel A. Rodriguez, of Utah; MMT Distribution LLC, of Utah, and R&D Global LLC, d.b.a. Modern Money Team, d.b.a. Eyeline Trading, d.b.a. WealthBoss, as Defendants, and Richard T. Putnam, as Relief Defendant, at the U. S. District Court for the District of Utah.

SEC v. Daniel Putnam et al: Motion for Freezing Order

May 7, 2020
Ex Parte Motion for Freezing Order regarding a "fraudulent offering of digital asset-related securities" in U. S. Securities and Exchange Commission v. Daniel F. Putnam, of Utah; Jean Paul Ramirez Rico, of Colombia; Angel A. Rodriguez, of Utah; MMT Distribution LLC, of Utah, and R&D Global LLC, d.b.a. Modern Money Team, d.b.a. Eyeline Trading, d.b.a. WealthBoss, as Defendants, and Richard T. Putnam, as Relief Defendant, at the U. S. District Court for the District of Utah.

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.

SEC v. Damon Elliott et al: Complaint

May 6, 2020
Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Damon Elliott, a citizen of the United Kingdom residing in France, and Piptastic Limited, of England, as Defendants, and DSE Retail Limited, of England; Paul Rose, a citizen of the United Kingdom; Unique Asset Management Limited, of England, and Sharon Elliott, a citizen of the United Kingdom, as Relief Defendants, at the U. S. District Court for the District of Massachusetts.

Bloomberg Tradebook LLC: $5M Fine

May 6, 2020
Administrative Order imposing a $5 million civil money penalty against Bloomberg Tradebook LLC for "omissions of material facts and material misstatements made by Tradebook, then an agency broker-dealer, in connection with its use of an undisclosed order routing arrangement called the Low Cost Router", before the U. S. Securities and Exchange Commission.

CFTC v. Daniel Fingerhut et al: Preliminary Injunction Motion

May 6, 2020
Plaintiff's Motion for Preliminary Injunction in Commodity Futures Trading Commission v. Daniel Fingerhut, of Miami Beach, Florida; Digital Platinum Inc., of Florida; Digital Platinum Ltd., of Israel; Huf Mediya Ltd., a.k.a. Hoof Media Ltd., of Bulgaria; Tal Valariola, of Israel, and Itay Barak, of Israel, as Defendants, and Aicel Carbonero, of Miami Beach, Florida, as Relief Defendant, at the U. S. District Court for the Southern District of Florida.

CFTC v. Daniel Fingerhut et al: Motion To File Combined Memorandum

May 6, 2020
Plaintiff's Expedited Motion for Leave to File Combined Memorandum regarding allegations of fraud involving binary options and cryptocurrencies in Commodity Futures Trading Commission v. Daniel Fingerhut, of Miami Beach, Florida; Digital Platinum Inc., of Florida; Digital Platinum Ltd., of Israel; Huf Mediya Ltd., a.k.a. Hoof Media Ltd., of Bulgaria; Tal Valariola, of Israel, and Itay Barak, of Israel, as Defendants, and Aicel Carbonero, of Miami Beach, Florida, as Relief Defendant, at the U. S. District Court for the Southern District of Florida.

Jeffery Curran: Suspension

May 5, 2020
Administrative Order suspending chartered accountant Jeffery A. Curran, of Calgary, Canada, from appearing before the U. S. Securities and Exchange Commission regarding "false accounting" by Penn West Petroleum Ltd., of which he was Vice President of Accounting and Reporting.

CFTC v. Daniel Fingerhut et al: Complaint

May 5, 2020
Complaint alleging fraud involving binary options and cryptocurrencies in Commodity Futures Trading Commission v. Daniel Fingerhut, of Miami Beach, Florida; Digital Platinum Inc., of Florida; Digital Platinum Ltd., of Israel; Huf Mediya Ltd., a.k.a. Hoof Media Ltd., of Bulgaria; Tal Valariola, of Israel, and Itay Barak, of Israel, as Defendants, and Aicel Carbonero, of Miami Beach, Florida, as Relief Defendant, at the U. S. District Court for the Southern District of Florida.

Mark Penney et al: Penalties

May 4, 2020
Public Statement by the Guernsey Financial Services Commission announcing financial penalties and corporate disqualifications against Mark Peter Penney and Marc Adam Roxby after finding that each "was not a fit and proper person" regarding their involvement with Criteria Wealth Management Limited, which went into compulsory liquidation.

SEC v. CAN Capital Inc.: Complaint

May 4, 2020
Complaint alleging securities violations regarding the raising of $191 million from investors through the securitization of a "revolving pool" of merchant cash advances and business loans in U. S. Securities and Exchange Commission v. CAN Capital Inc., of Delaware, at the U. S. District Court for the Southern District of New York.

SEC v. Zhuobin Hong et al: Complaint

May 4, 2020
Complaint alleging insider trading in the securities of Delaware-domiciled Sagent Pharmaceuticals, Inc. using "Hong Kong-based trading accounts held in the names of China-based relatives" in U. S. Securities and Exchange Commission v. Zhuobin Hong, a.k.a. Ben Hong, and Caixia Jiang, both described as former residents of California currently residing in China, as Defendants, and Zhuoyan Hong and Haotao Jiang, both of China, as Relief Defendants, at the U. S. District Court for the Central District of California.