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SEC v. IRB Brasil Resseguros SA: Complaint (‘Fake Berkshire Hathaway Story’)

May 9, 2023
Complaint alleging "planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway Inc. had recently made a substantial investment in IRB" in U.S. Securities and Exchange Commission v. IRB Brasil Resseguros S.A., described as "a Brazilian reinsurance company", at the U.S. District Court for the Southern District of New York.

Video: The Digital Elephant in the Room: Are Crypto Tokens Securities?

May 4, 2023
In this video, our panelists discuss an unanswered question on which billions of dollars ride: Are crypto tokens securities as a matter of law? "The Digital Elephant in the Room: Are Crypto Tokens Securities?”, © 2023 OffshoreAlert. Recorded on April 24, 2023, at OffshoreAlert Miami.

SEC v. Lee Cohen: Complaint (‘HD View 360 Securities Fraud’)

May 2, 2023
Complaint alleging "a fraudulent scheme to manipulate trading in the stock of HD View 360 Inc., a now-defunct microcap company" that was based in Miami, Florida." in U.S. Securities and Exchange Commission v. Lee Cohen, a citizen of the United Kingdom who resided in the Philippines, at the U.S. District Court for the Eastern District of New York.

SEC v. Charles Lawrence, Jr. et al: TRO Motion (‘$4.9M Swedish Trust Company Fraud’)

May 1, 2023
Complaint alleging “a fraudulent scheme involving Landes and Compagnie Trust Privé KB, a purported Swedish financial services company” in U.S. Securities and Exchange Commission v. Charles T. Lawrence Jr., as Defendant, and Landes Prive LLC, Landes and Compagnie Trust Prive, HekYeah LLC, Justin D. Smith, and Brenda M. Bisner, as Relief Defendants, at the U.S. District Court for the Eastern District of Wisconsin.

SEC v. Charles Lawrence, Jr. et al: Complaint (‘$4.9M Swedish Trust Company Fraud’)

May 1, 2023
Complaint alleging "a fraudulent scheme involving Landes and Compagnie Trust Privé KB, a purported Swedish financial services company" in U.S. Securities and Exchange Commission v. Charles T. Lawrence Jr., as Defendant, and Landes Prive LLC, Landes and Compagnie Trust Prive, HekYeah LLC, Justin D. Smith, and Brenda M. Bisner, as Relief Defendants, at the U.S. District Court for the Eastern District of Wisconsin.

Ian Domaille et al: Guernsey FSC Review

April 25, 2023
Public Announcement by the Guernsey Financial Services Commission that it is "preparing to ask the Guernsey Court of Appeal to review legal aspects of the judgment handed down" by The Royal Court of Guernsey in Ian Charles Domaille, Ian Geoffrey Clarke, and Margaret Helen Hannis v. Guernsey Financial Services Commission.

CFTC v. Systematic Alpha Management LLC et al: SRO Motion (‘Crypto & FX Fraud’)

April 24, 2023
Motion for Statutory Restraining Order regarding an alleged fraud involving, inter alia, a “Cryptocurrency Pool” and an “FX Pool” – both domiciled in the Cayman Islands – in Commodity Futures Trading Commission v. Systematic Alpha Management LLC and Peter Kambolin, as Defendants, and Jersey City Partners LLC and Thor Enterprises International Inc., of Nevis, as Relief Defendants, at the U.S. District Court for the Southern District of Florida.

CFTC v. Systematic Alpha Management LLC et al: Complaint (‘Crypto & FX Fraud’)

April 24, 2023
Complaint alleging fraud involving, inter alia, a "Cryptocurrency Pool" and an "FX Pool" - both domiciled in the Cayman Islands - in Commodity Futures Trading Commission v. Systematic Alpha Management LLC and Peter Kambolin, as Defendants, and Jersey City Partners LLC and Thor Enterprises International Inc., of Nevis, as Relief Defendants, at the U.S. District Court for the Southern District of Florida.

SEC v. Charles Winn LLC et al: Complaint (‘$8.5M Fine Wine Securities Fraud’)

April 20, 2023
Complaint alleging "a fraudulent investment scheme involving fine wine" in U.S. Securities and Exchange Commission v. Charles Winn LLC, of Delaware; Aaron David Scott-Britten, a.k.a. Aaron David, Aaron Scott, and Aaron David K. Britten, described as a citizen of the United Kingdom residing in London, England; Ohran Emmanuel Stewart, a.k.a. Elliott Stewart, described as a citizen of the United Kingdom residing in London, England; Casey Alexander, described as a citizen of the United Kingdom residing in London, England, and Charlie Jake Smith, described as a citizen of the United Kingdom residing in London, England at the U.S. District Court for the Central District of California.

SEC v. Gannon Giguiere: Judgment

April 17, 2023
Judgment in U.S. Securities and Exchange Commission v. Gannon Giguiere at the U.S. District Court for the Southern District of California.

SEC v. Bittrex Inc. et al: Complaint (‘Unregistered Crypto Exchange’)

April 17, 2023
Complaint alleging the operation of an unregistered crypto securities exchange in U.S. Securities and Exchange Commission v. Bittrex Inc., of Delaware; Bittrex Global GmbH, of Liechtenstein, and William Hiroaki Shihara, described as a resident of Redmond, Washington, USA, at the U.S. District Court for the Western District of Washington.

Corvex Management LP: $1M Fine

April 14, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $1 million on Corvex Management LP for regulatory breaches "in connection with the firm's activities related to certain special purpose acquisition companies" that, inter alia, involved entities in the Cayman Islands and Delaware.

SEC v. Gannon Giguiere et al: Second Amended Complaint

April 7, 2023
Second Amended Complaint alleging "a series of fraudulent schemes conducted by the Defendants in the common stock of three penny-stock issuers - Kelvin Medical, Inc. (“KVMD”), Arias Intel Corp. (f/k/a First Harvest Corp.) (“ASNT”), and Eco Science Solutions, Inc." in U.S. Securities and Exchange Commission v. Gannon Giguiere, of Newport Coast, California, USA; Oliver-Barret Lindsay, described as "a Canadian citizen who resides in Grand Cayman, Cayman Islands"; Andrew Hackett, described as "a dual U.S.-Canadian citizen who resides in Toronto, Canada"; Kevin Gillespie, of Lutz, Florida, USA, and Annetta Budhu, of New York, New York, USA, at the U.S. District Court for the Southern District of California.

SEC v. Arbitrade Ltd. et al: Order Denying Motions to Dismiss

April 5, 2023
Order denying defendants' motions to dismiss a complaint alleging "a crypto asset pump-and-dump scheme" in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

SEC v. Charlie Javice: Complaint (‘Fake Customers’)

April 4, 2023
Complaint alleging the defendant defrauded JPMorgan Chase Bank via the $175 million sale of a company she founded called 'Frank' in U.S. Securities and Exchange Commission v. Charlie Javice, as Defendant, and Charlie Javice, in her capacity as Trustee of the Charlie Javice 2021 Irrevocable Trust #1 and Charlie Javice 2021 Irrevocable Trust #2, as Relief Defendants at the U.S. District Court for the Southern District of New York.

SEC v. Terraform Labs Pte Ltd. et al: Amended Complaint (‘$40B Crypto Fraud’)

March 31, 2023
Amended Complaint alleging the defendants "offered and sold crypto asset securities in unregistered transactions and perpetrated a fraudulent scheme that led to the loss of at least $40 billion of market value" in U.S. Securities and Exchange Commission v. Terraform Labs Pte Ltd., of Singapore, and Do Hyeong Kwon, described as a resident of South Korea and Singapore, at the U.S. District Court for the Southern District of New York.

SEC v. Beaxy Digital Ltd. et al: Notice of Settlement & Motion for Judgment (‘$8M Unregistered Crypto Offering & Fraud’)

March 29, 2023
SEC's Notice of Settlement & Motion for Judgment in U.S. Securities and Exchange Commission v. Beaxy Digital, Ltd., of Saint Kitts and Nevis; Artak Hamazaspyan, Windy Inc., Nicholas Murphy, Randolph Bay Abbott, Braverock Investments, LLC, Future Digital Markets, Inc., Windy Financial LLC, Future Financial LLC, and Brian Peterson at the U.S. District Court for the Northern District of Illinois.

SEC v. Beaxy Digital Ltd. et al: Complaint (‘$8M Unregistered Crypto Offering & Fraud’)

March 29, 2023
Complaint in U.S. Securities and Exchange Commission v. Beaxy Digital, Ltd., of Saint Kitts and Nevis; Artak Hamazaspyan, Windy Inc., Nicholas Murphy, Randolph Bay Abbott, Braverock Investments, LLC, Future Digital Markets, Inc., Windy Financial LLC, Future Financial LLC, and Brian Peterson at the U.S. District Court for the Northern District of Illinois.

CFTC v. Changpeng Zhao et al: Complaint

March 27, 2023
Complaint regarding "the world’s largest centralized digital asset exchange" in Commodity Futures Trading Commission v. Changpeng Zhao, described as a citizen of Canada residing in Dubai; Binance Holdings Limited, of the Cayman Islands; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland, and Samuel Lim, described as a resident of Singapore, at the U.S. District Court for the Northern District of Illinois.

Michele Mason: $3.8K Penalties (‘Crypto Promotion’)

March 22, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $3,820 on Michele Mason Lohan, described as “a film director and internet personality known as 'Kendra Lust'" residing in Michigan, USA, for promoting a crypto security known as “Tronix tokens” without disclosing that she was paid to do so.

Akon: $168K Penalties (‘Crypto Promotion’)

March 22, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $168,000 on Aliaune Damala Badara Akon Thiam, described as "a well-known entertainer and internet personality known as 'Akon'" residing in Georgia, USA, for promoting a crypto security known as “Tronix tokens” without disclosing that he was paid to do so.

Shaffer Smith: $48K Penalties (‘Crypto Promotion’)

March 22, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $48,000 on Shaffer Smith, described as “a well-known entertainer and internet personality known as 'Ne-Yo'” residing in Georgia, USA, for promoting a crypto security known as “Tronix tokens” without disclosing that he was paid to do so.

Miles McCollum: $40K Penalties (‘Crypto Promotion’)

March 22, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $40,000 on Miles McCollum, described as "a well-known recording artist and internet media personality known as 'Lil Yachty'" residing in Georgia, USA, for promoting a crypto security known as “Tronix tokens” without disclosing that he was paid to do so.

Jake Paul: $100K Penalties (‘Crypto Promotion’)

March 22, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $100,000 on Jake Paul, described as "a well-known internet personality and professional boxer" residing in Puerto Rico, for promoting a crypto security known as "Tronix tokens" without disclosing that he was paid to do so.

Lindsay Lohan: $40K Penalties (‘Crypto Promotion’)

March 22, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $40,000 on Lindsay Lohan, described as "a well-known actress, singer, and internet personality" residing in Dubai, United Arab Emirates, for promoting a crypto security known as "Tronix tokens" without disclosing that she was paid to do so.

SEC v. Justin Sun et al: Complaint (‘Crypto Fraud’)

March 22, 2023
Complaint alleging securities fraud involving crypto in U.S. Securities and Exchange Commission v. Justin Sun, described as "a Chinese national and crypto asset entrepreneur"; Tron Foundation Limited, of Singapore; BitTorrent Foundation Ltd., of Singapore; Rainberry Inc., Austin Mahone, described as "a U.S. citizen and a singer and songwriter residing in Miami, Florida", and Deandre Cortez Way, a.k.a. Soulja Boy, a U.S. citizen and a singer and record producer residing in Calabasas, California", at the U.S. District Court for the Southern District of New York.

SEC v. Ho Wan Kwok et al: Complaint (‘$850M Securities Fraud’)

March 15, 2023
Complaint alleging "multiple offering frauds orchestrated by Guo, an exiled Chinese businessman living in the United States who targeted retail investors through online and social media posts and videos" in U.S. Securities and Exchange Commission v. Ho Wan Kwok, a.k.a. Miles Guo, Miles Kwok, Wengui Guo, and Brother Seven, described as a citizen of Hong Kong residing in New York; Kin Ming Je, a.k.a. William Je, described as a dual citizen of Hong Kong and the United Kingdom residing in London, England; Mountains of Spices LLC, d.b.a. New York Farm, and G Club Operations LLC, of Puerto Rico, as Defendants, and Mei Guo, described as a citizen of Hong Kong residing in New York, England; Qiang Guo, described as a citizen of Hong Kong residing in London, England; Hing Chi Ngok, described as a citizen of China residing in Connecticut, and Sin Ting Rong, described as a citizen of Hong Kong residing in London, England, as Relief Defendants, at the U.S. District Court for the Southern District of New York.

Equity Acquisition Company Ltd. et al: $3.9M Penalties (USA)

March 3, 2023
Administrative Order by the U.S. Securities and Exchange Commission imposing disgorgement and penalties totaling $3.9 million on Equity Acquisition Company Ltd., described as "a trust organized under the laws of Bermuda", and Carsten Klein, described as "a citizen of Germany and lawful permanent resident of the United States residing in Parkland, Florida" to settle allegations of unregistered activity.

British Steamship Protection and Indemnity Association (Bermuda) Ltd.: Winding Up Notice

February 27, 2023
Public Notice by the Bermuda Monetary Authority that it has "successfully petitioned the Supreme Court of Bermuda to wind up British Steamship Protection and Indemnity Association (Bermuda) Limited", described as "a wholly owned subsidiary of British Steamship Protection & Indemnity Association Limited, a company incorporated in the Republic of the Marshall Islands", for regulatory breaches.

SEC v. BKCoin Management LLC et al: Asset Freeze Motion (‘$100M Crypto Fraud’)

February 23, 2023
Asset Freeze Motion in in U.S. Securities and Exchange Commission v. BKCoin Management LLC, of Delaware, and Min Woo Kang, of New York, as Defendants, and BKCoin Capital LP, a.k.a. the Legacy Fund, of Delaware; BK Offshore Fund Ltd., of the British Virgin Islands; BKCoin Multi-Strategy Master Fund Ltd., of the British Virgin Islands; BKCoin Multi-Strategy Fund LP, of Delaware; BKCoin Multi-Strategy Fund Ltd., of the British Virgin Islands, and Bison Digital LLC, of Wyoming, as Relief Defendants, at the U.S. District Court for the Southern District of Florida.

SEC v. BKCoin Management LLC et al: Complaint (‘$100M Crypto Fraud’)

February 23, 2023
Complaint "to prevent further fraud and misappropriation of investor money" in U.S. Securities and Exchange Commission v. BKCoin Management LLC, of Delaware, and Min Woo Kang, of New York, as Defendants, and BKCoin Capital LP, a.k.a. the Legacy Fund, of Delaware; BK Offshore Fund Ltd., of the British Virgin Islands; BKCoin Multi-Strategy Master Fund Ltd., of the British Virgin Islands; BKCoin Multi-Strategy Fund LP, of Delaware; BKCoin Multi-Strategy Fund Ltd., of the British Virgin Islands, and Bison Digital LLC, of Wyoming, as Relief Defendants, at the U.S. District Court for the Southern District of Florida.