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Green Capital Group SA: Public Warning

January 27, 2020
Public Warning by the Swiss Financial Market Supervisory Authority regarding Green Capital Group SA, which is "suspected of conducting unauthorised activities". Editor's Note: Research by OffshoreAlert showed that, in the Swiss Commercial Registry, the authorized representative of Green Capital Group SA is Marc-André Leuthold, of Genève. In his LinkedIn, Alexander Viljamaa identifies himself as the "owner" of the company. On its website at https://www.greencapitalgroup.eu/, Green Capital Group offers several dubious investment schemes, including those with purported returns of 3% per month and 15% per year. Update: FINMA later removed its warning against Green Capital Group SA from FINMA's website. No explanation was given publicly.

UMC Tosca d‘Oro Schweiz GmbH et al: Regulatory Supervision

January 22, 2020
Public Notices by the Swiss Financial Market Supervisory Authority announcing that UMC Tosca d'Oro Schweiz GmbH, UMC Change und Wechselstube GmbH, and CandyToys AG have all been placed under regulatory supervision. Editor's Note: Research by OffshoreAlert showed that, in the Swiss Commercial Register, Alex Ugolini is disclosed as a director of all three companies, while Uwe Singer is disclosed as a member of CandyToys.

SEC v. Sergey Grybniak et al: Complaint

January 21, 2020
Complaint alleging "a fraudulent and unregistered initial coin offering of digital asset securities" in U. S. Securities and Exchange Commission v. Sergii 'Sergey' Grybniak, of Brooklyn, NY, and Opporty International Inc., of Delaware, as Defendants, and Clever Solution Inc., of Delaware, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

Ava Trade Ltd.: News Release

January 20, 2020
News Release by the Alberta Securities Commission announcing a settlement agreement with Ava Trade Ltd., of the British Virgin Islands, "for acting as a dealer without being registered".

SEC v. Boaz Manor et al: Complaint

January 17, 2020
Complaint alleging fraud involving a $30 million Initial Coin Offering in U. S. Securities and Exchange Commission v. Boaz Manor, a.k.a. Shaun MacDonald, of Toronto, Canada; Edith Pardo, a.k.a. Edith Pardo Mehler, a.k.a. Edith Mehler, of Bloomfield, New Jersey; CG Blockchain, Inc., of New York, NY, and BCT Inc. SECZ, formerly known as BCT Inc., of the Cayman Islands, at the U. S. District Court for the District of New Jersey.

Kestrel Insurance Services Ltd.: Civil Penalty

January 17, 2020
Public Statement announcing the imposition of a civil penalty against insurance broker Kestrel Insurance Services Limited, whose directors during the relevant period were identified as Alan Burrows, Kate Burrows, and Paul Coniglio-Burrows. Research by OffshoreAlert showed that, in its 2019 annual return with the Isle of Man Government, the company's shareholders were identified as Beacon Holdings Ltd., of the Isle of Man; Mark Burrows, of the Isle of Man; Alan Burrows, and Paul Coniglio-Burrows.

Ava Trade Ltd.: Settlement Agreement

January 16, 2020
Settlement Agreement in the amount of C$243,000 for unregistered activity in the matter of Ava Trade Ltd., of the British Virgin Islands, before the Alberta Securities Commission.

SEC v. Gregory Drake et al: Complaint

January 15, 2020
Complaint alleging fraud in U. S. Securities and Exchange Commission v. Gregory Lamont Drake, Stephen Kenneth Grossman, Stephen Scott Moleski, Jason David St. Amour, and David Alan Wolfson, who allegedly "operated call centers and/or worked in call centers that were engaged in soliciting investors to purchase the securities of numerous microcap companies whose shares traded on the over-the-counter market", at the U. S. District Court for the Central District of California.

FTC v. Grand Bahama Cruise Line, LLC et al: Complaint

January 10, 2020
Complaint alleging an "illegal telemarketing operation" in Federal Trade Commission v. Grand Bahama Cruise Line, LLC, of Florida; Ultimate Vacation Group, LLC, d.b.a. Royal Bahamas Cruise Line, LLC, of Florida; Tropical Accommodations LLC, d.b.a. Grand Celebration Cruise Line; VSC, LLC, of Delaware; Cabb Group, LLC, of Florida; Florida V.S.C. Inc., of Florida; Jonathan Blake Curtis, Anthony DiGiacomo, Christopher A. Cotroneo, Christina R. Peterson, and Robert J. Peterson II at the U. S. District Court for the Middle District of Florida.

SEC v. ICObox et al: SEC’s Motion for Default Judgment

January 9, 2020
SEC's Motion for Default Judgment regarding an unregistered offering of cryptocurrencies in U. S. Securities and Exchange Commission v. ICObox, which "is no longer registered as a corporation with the Cayman Islands and its registered agent for service of process has resigned with no replacement", and Nikolay Evdokimov at the U. S. District Court for the Central District Court of California.

Morgan Gatsby Ltd.: Fine

January 6, 2020
Decision Notice by the Dubai Financial Services Authority announcing a fine against Morgan Gatsby Limited regarding the promotion of Essel Africa Natural Resource Fund, of Luxembourg, and other matters. Editor's Note: Research by OffshoreAlert showed that, according to the website of the Dubai International Financial Centre, Morgan Gatsby Limited went into liquidation on February 5th, 2019, that its directors are Gagan Jawahar Goyal, Shahzaad Siraj Dalal, and Ajay Rajinder Arora, and former directors include Pankaj Prem Gupta, Mazin Mohammad Mohyelddin Alkhatib, Farhan Abdulrahim Mohammed Faraidooni, Ahmad Abdulla Juma Binbyat, and George Zaki George Mushahwar.

SEC v. Steve Bajic et al: Motion To Freeze Assets

January 6, 2020
SEC's Motion for an Order Freezing and Repatriating Assets in the U. S. Securities and Exchange Commission v. Steve M. Bajic, Rajesh Taneja, Norfolk Heights Ltd., Fountain Drive Ltd., Island Fortune Global Ltd., Crystalmount Ltd., Wisdom Chain Ltd., SSID Ltd., Sure Mighty Ltd., Tamarind Investments Inc., Kenneth Ciapala, Anthony Killarney, BlackLight SA, Christopher Lee McKnight, and Aaron Dale Wise at the U. S. District Court for the Southern District of New York.

KTH Capital Ltd.: Fund Cancellation

January 2, 2020
Decision Notice by the Cayman Islands Monetary Authority announcing the cancellation of the mutual fund registration of KTH Capital Limited, whose directors are identified as Du Wang and Vivian Ding Li.

SEC v. Ulrik Debo: Complaint

January 2, 2020
Complaint alleging fraud regarding "a microcap shell company" called Herbatech Life Inc. in U. S. Securities and Exchange Commission v. Ulrik Debo, a citizen of Denmark residing in Monaco, at the U. S. District Court for the Southern District of New York.

SEC v. Steve Bajic et al: Complaint

January 2, 2020
Complaint alleging securities fraud in U. S. Securities and Exchange Commission v. Steve M. Bajic, described as a dual citizen of Canada and Croatia; Rajesh Taneja, described as a citizen of Canada residing in Vietnam; Norfolk Heights Ltd., described as "a Seychelles company owned by a dual Mexican and Canadian citizen"; Fountain Drive Ltd., Island Fortune Global Ltd., Crystalmount Ltd., and Wisdom Chain Ltd., each described as "a Seychelles corporation with a registered address in Hong Kong"; SSID Ltd., of Hong Kong; Sure Mighty Ltd., described as "a Seychelles corporation owned by a Japanese citizen"; Tamarind Investments Inc., described as "an Anguillan corporation with registered addresses in Hong Kong and Thailand"; Kenneth Ciapala, described as "a citizen of Switzerland and the United Kingdom"; Anthony Killarney, described as "a citizen of the United Kingdom, a resident of Switzerland"; Blacklight SA, of Switzerland; Christopher Lee McKnight, of Canada, and Aaron Dale Wise, of Florida, at the U. S. District Court for the Southern District of New York.

SEC v. Kenneth Ciapala et al: Complaint

January 2, 2020
Complaint alleging securities fraud regarding EMS Find, Inc. in U. S. Securities and Exchange Commission v. Kenneth Ciapala, described as "a resident of Meyrin, Switzerland", and BlackLight SA, of Switzerland, at the U. S. District Court for the Southern District of New York.

CFTC v. Christophe Rivoire: Complaint

December 20, 2019
Complaint alleging "a deceptive scheme to manipulate the prices of U.S. dollar interest rate basis swaps published on screens displaying prices from an interdealer broker firm" in Commodity Futures Trading Commission v. Christophe Rivoire, a citizen of France and a former senior officer with HSBC Global Banking and Markets, at the U. S. District Court for the Southern District of New York.

SEC v. Avalon FA Ltd. et al: Motion For Judgment

December 20, 2019
SEC's Motion for Judgment against Avalon, Fayyer, and Pustelnik in U. S. Securities and Exchange Commission v. Lek Securities Corporation, of New York; Samuel Lek, Vali Management Partners, d.b.a. Avalon FA Ltd., described as a Seychelles company based in Ukraine; Nathan Fayyer, described as being born in Moldova and "now a U.S. citizen", and Sergey Pustelnik, a.k.a. Serge Pustelnik, described as being born in Ukraine and "now a U.S. citizen", at the U. S. District Court for the Southern District of New York.

Samuray Consulting AG: Public Warning

December 19, 2019
Public Warning by the Swiss Financial Market Supervisory Authority regarding Samuray Consulting AG, whose corporate filings in Switzerland show that its principal is Burhan Samuray, of Berlin, Germany.

Lescovex Exchange SA: Public Warning

December 18, 2019
Public Warning by the Swiss Financial Market Supervisory Authority regarding Lescovex Exchange SA, a cryptocurrency exchange whose corporate records in Switzerland show that its principal is Vicent Nos Ripolles, a citizen of Spain.

MetLife, Inc.: $10M Fine

December 18, 2019
Order Instituting Proceedings, Making Findings & Imposing Sanctions, including a $10 million fine, against MetLife, Inc., domiciled in Delaware, based in New York, NY, regarding, inter alia, an "error related to accounting for variable annuity guarantees assumed by a MetLife subsidiary, MetLife Reinsurance Company of Bermuda, from a former operating joint venture in Japan", before the U. S. Securities and Exchange Commission.

BrokerGroup AG: Regulatory Supervision

December 17, 2019
Public Announcement by the Swiss Financial Market Supervisory Authority that BrokerGroup AG is "subject to supervision". Editor's Note: The Commercial Register in Switzerland shows that the principal of BrokerGroup AG is Cristian Marco Gomez, a citizen of Spain.

AT Capital Markets Ltd.: Fine

December 16, 2019
Final Notice by the Abu Dhabi Financial Services Regulatory Authority regarding a financial penalty against AT Capital Markets Limited.

Man Chung Tsui: Fine

December 16, 2019
Final Notice by the Abu Dhabi Financial Services Regulatory Authority regarding a financial penalty of Man Chung Tsui, of AT Capital Markets Limited.

All-Finanz-Regulierung GmbH: Public Warning

December 11, 2019
Public Warning by the Swiss Financial Market Supervisory Authority regarding suspected unauthorized activities by All-Finanz-Regulierung GmbH, a company based and domiciled in Diepoldsau, St. Gallen, Switzerland whose corporate records filed with the Swiss Federal Registry of Commerce identify the firm's shareholder as Syncon GmbH and Managing Director as René Diener.

JAMLS Group Ltd.: License Revocation

December 11, 2019
Public Notice by the Mauritius Financial Services Commission announcing the revocation of the "Category 2 Global Business Licence" of JAMLS Group Ltd.

Elite Insurance Company Ltd.: Administration

December 11, 2019
Public Statement by the Gibraltar Financial Services Commission announcing that Elite Insurance Company Limited has been found to be "insolvent" and was "placed into Administration on 11 December 2019".

SEC v. Telefonaktiebolaget LM Ericsson: Complaint

December 6, 2019
Complaint arising from "violations of the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act" in U. S. Securities and Exchange Commission v. Telefonaktiebolaget LM Ericsson, of Sweden, at the U. S. District Court for the Southern District of New York.

Julian Rifat: Restrictions

November 24, 2019
Decision Notice by the Dubai Financial Services Authority regarding Julian Rifat, who "was convicted in the United Kingdom of committing a number of criminal offences".

Kevin Huggins v. Eastern Caribbean Central Bank: Judgment

November 22, 2019
Judgment in Kevin Huggins, described as "a shareholder" of the Bank of Nevis Limited who was removed as a director and chairman of the bank after regulator ECCB determined he was "not a fit and proper person" v. Eastern Caribbean Central Bank at the Saint Kitts and Nevis High Court.

David Bandimere: Findings & Sanctions

November 22, 2019
Order Making Findings and Imposing Remedial Sanctions against David F. Bandimere regarding "two Ponzi schemes" - Nevis-domiciled IV Capital Ltd. and New Mexico-domiciled Universal Consulting Resources LLC - before the U. S. Securities and Exchange Commission.

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.

SEC v. International Investment Group LLC: Complaint

November 21, 2019
Complaint alleging "a string of frauds by Defendant to cover up tens of millions of dollars in losses" in U. S. Securities and Exchange Commission v. International Investment Group LLC at the U. S. District Court for the Southern District of New York.

Fedelta Trust Ltd.: Regulatory Fine

November 21, 2019
Public Statement by the Isle of Man Financial Services Authority regarding "the imposition of a discretionary civil penalty" against Fedelta Trust Limited.

Kevin Manning: Public Statement

November 20, 2019
Public Statement by the Jersey Financial Services Commission that Kevin Robert Manning, a former lawyer, is "not fit and proper to work in any capacity in or for any business regulated by the JFSC".

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.

SEC v. Jerry Li: Complaint

November 14, 2019
Complaint alleging violations of the Foreign Corrupt Practices Act and Securities Exchange Act in U. S. Securities and Exchange Commission v. Jerry Li, a citizen and resident of China, at the U. S. District Court for the Southern District of New York.

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.