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Dubai-based BVI investment firms ‘All Blue’ seek Chapter 15 bankruptcy recognition in U.S. amid investigation into ‘$126M naked short trade losses’
The liquidators of Dubai-based, British Virgin Islands-domiciled All Blue Investments North Star 1 Ltd. and All Blue Investment Management Ltd. have filed for Chapter 15 bankruptcy recognition in Miami amid an investigation into losses of $126 million from "improper naked short trades" and the suspected shifting of trading profits to two Cayman Islands affiliates, Red Rowan Investments Ltd. and Washington Muse Investments SPC.
Washington Muse Investments SPC: Directors (Cayman Islands)
Director Details for Washington Muse Investments SPC, obtained from the Cayman Islands General Registry on December 16th, 2024.
Red Rowan Investments Ltd.: Directors (Cayman Islands)
Director Details for Red Rowan Investments Ltd., obtained from the Cayman Islands General Registry on December 16th, 2024.
Labuan FSA: Business Restrictions (December 13, 2024)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 30 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".
CIMA: Termination of Struck or Dissolved Entities (December 2024)
Public Notice by the Cayman Islands Monetary Authority of the 'Termination of Struck or Dissolved Entities', effective December 13th, 2024.
All Blue Investments North Star 1 Ltd. et al: Chapter 15 Petition (British Virgin Islands)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Martin Trott and Nathan Mills, both of R&H Restructuring, as the Foreign Representatives of All Blue Investments North Star 1 Ltd. (in Liquidation), described as an investment fund whose liquidators "have received over $125 million in claims filed by Broker-Dealers for improper “naked short trades” made by the Foreign Debtors in further of investment activities", and All Blue Investment Management Ltd. (in Liquidation), filed at the U.S. Bankruptcy Court for the Southern District of Florida.
USA v. Crypto Associated With Raj Kumar et al: Forfeiture Complaint (‘$1.5M Fraud Targeting Coinbase Clients’)
Forfeiture Complaint regarding proceeds "of a fraud scheme that targeted certain owners of cryptocurrency, specifically individuals who had an account with the cryptocurrency exchange Coinbase" in USA v. All Crypto in Binance Accounts Associated With Harish Kumar, Raj Kumari, and Rakesh Kumar Athotra, all of India, at the U.S. District Court for the Eastern District of New York.
U.K.’s Man Group seeks evidence in U.S. to defend ‘$1B investment loss’ lawsuit by Kuwait’s state pension fund
British and Swiss investment firms that are part of the London-based Man Group have applied to take discovery in New York to aid its defense of a civil lawsuit against them in England by Kuwait's state pension fund, the Public Institution for Social Security, which is seeking nearly $1 billion in damages.
SEC v. Chibuzo Onyeachonam et al: Complaint (‘$2.9M Fraud’)
Complaint alleging the defendants "impersonated real-life United States securities broker and investment adviser representatives online and by telephone and fraudulently obtained at least $2.9 million from mostly U.S.-based investors" in U.S. Securities and Exchange Commission v. Chibuzo Augustine Onyeachonam, Stanley Chidubem Asiegbu, and Chukwuebuka Martin Nweke-Eze, all described as citizens and residents of Nigeria, at the U.S. District Court for the District of New Jersey.
Man Group Ltd. et al v. Wafra Inc.: Discovery Application (England)
Application by Man Group Limited, Man Strategic Holdings Limited, Man Investments Limited, all of England, and Man Investments AG, of Switzerland, collectively described as "member entities of an industry-leading global investment firm, whose ultimate parent is listed on the London Stock Exchange", to take discovery from Wafra Inc. for use in legal proceedings in England filed "by the Kuwaiti State pension fund, the Public Institution for Social Security", filed at the U.S. District Court for the Southern District of New York.
Belgium: Jermain Hornberger et al (‘Money Laundering’)
Application for the appointment of a Commissioner to collect evidence from S.L. Rama International - pursuant to a request for judicial assistance from Belgium - for a criminal investigation into Jermain Dwight Hornberger, Brenda Danielle Krolis, Rachid Kassroui, Hendrik Albert de Boers, Constantijn Johannes Mahieu, all citizens of the Netherlands; Wise Man Estate N.V., Jalex N.V., International Bemiddlelingsbureau, all of Suriname, and S.L. Rama International Inc., of Miami, Florida, USA, for suspected money laundering.
Ricardo Salinas Pliego et al v. Aleksei Skachkov et al: Discovery Application (England)
Application by Ricardo Benjamin Salinas Pliego, described as "a Mexican businessman and the founder and chairman of Grupo Salinas, a multi-billion dollar conglomerate operating across various industries, including the banking, media, and retail sectors", and Corporación RBS S.A. de C.V., of Mexico, to take discovery from Aleksei Skachkov, a.k.a. Alexi Skachov, a.k.a. Alexi Skachkov, a.k.a. Alexey Skachkov, a.k.a. Thomas Mellon, a.k.a. Thomas Astor-Mellon; Wells Fargo Bank, N.A., and Discover Bank, Inc. "for use in a proceeding captioned Ricardo Benjamin Salinas Pliego & Another v Astor Asset Management 3 Limited & Others (case no: CL-2024-000450), currently pending in the High Court of Justice, King’s Bench Division, Business and Property Courts of England and Wales Commercial Court, which involves the theft of hundreds of millions of dollars through an international web of shell companies, bank accounts, and false identities", filed at the U.S. District Court for the Northern District of Georgia.
Probis Financial Services PTY Ltd. v. City Credit Investment Bank Ltd.: Grounds of Judgment (Contested Appointment of Liquidator)
Grounds of Judgment appointing Luke Furler as liquidator in Probis Financial Services PTY Limited, of Australia, described as a company in voluntary administration that "carried on business as a financial and insurance service provider" v. City Credit Investment Bank Limited, of Labuan, at the High Court in Sabah and Sarawak at the Federal Territory of Labuan, Malaysia.
SEC v. Frederick Dencer et al: Complaint (‘$17M Fraud’)
Complaint alleging "the Standard Holdings Defendants defrauded
at least 40 investors out of millions of dollars, which Defendants Tayt Dencer and his son, Luke Dencer, misappropriated to fund their lavish lifestyle" in U.S. Securities and Exchange Commission v. Frederick Tayton Dencer , Luke Abelard Dencer, Standard Holdings Inc., Standard Huaxia Ltd., of Hong Kong, and Dennis Edward Butler at the U.S. District Court for the Central District of California.
USA v. Approximately 2,005,822.786651 Tether: Forfeiture Complaint (‘Drugs Trafficking & Crypto Laundering’)
Forfeiture Complaint regarding crypto that "represents proceeds of distribution of controlled substances" and "was seized on or about July 29, 2024, in Road Town, Tortola, British Virgin Islands" in USA v. Approximately 2,005,822.786651 Tether at the U.S. District Court for the Eastern District of Wisconsin.
Bruna de Souza Haber et al v. Bank of America, N.A. et al: Discovery Application (Brazil)
Application by Bruna de Souza Haber, A.H., by her parent Paula Seabra Parisot Guterres, and J.H., by his parent, Paula Seabra Parisot Guterres, to take discovery from Bank of America, N.A., The Bank of New York Mellon, BNP Paribas USA, Citibank N.A., The Clearing House Payments Company LLC, Deutsche Bank AG, the Federal Reserve Bank of New York, HSBC Bank (USA) NA, JPMorgan Chase Bank N.A., Standard Chartered Bank, and Wells Fargo Bank, N.A. "for use in a disputed probate proceeding currently pending in São Paulo, Brazil, for the estate of Roger Clement Haber", who was "a prosperous and prominent figure in Brazil", filed at the U.S. District Court for the Southern District of New York.
Crux Sea Ltd.: Directors (Cayman Islands)
Director Details for Crux Sea Ltd., obtained from the Cayman Islands General Registry on December 10th, 2024.
Cygnus Sea Ltd.: Directors (Cayman Islands)
Director Details for Cygnus Sea Ltd., obtained from the Cayman Islands General Registry on December 10th, 2024.
Centaurus Sea Ltd.: Directors (Cayman Islands)
Director Details for Centaurus Sea Ltd., obtained from the Cayman Islands General Registry on December 10th, 2024.
Aquila Sea Ltd.: Directors (Cayman Islands)
Director Details for Aquila Sea Ltd., obtained from the Cayman Islands General Registry on December 10th, 2024.
Andromeda Sea Ltd.: Directors (Cayman Islands)
Director Details for Andromeda Sea Ltd., obtained from the Cayman Islands General Registry on December 10th, 2024.
SEC v. Xtreme Fighting Championships Inc. et al: Complaint (‘$5M Securities Fraud’)
Complaint alleging "a fraudulent scheme to illegally sell large amounts of Xtreme Fighting stock to the investing public" involving entities in the Cayman Islands, Saints Kitts and Nevis, and USA in U.S. Securities and Exchange Commission v. Steve A. Smith Jr. and Xtreme Fighting Championships Inc. at the U.S. District Court for the Southern District of Florida.
InterCement Brasil S.A. et al: Chapter 15 Petition (Brazil)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Antonio Reinaldo Rabelo Filho, as the Foreign Representative of InterCement Brasil S.A., of Brazil; InterCement Participações S.A., of The Netherlands; InterCement Financial Operations B.V., of The Netherlands, and InterCement Trading e Inversiones S.A., of Spain, filed at the U.S. Bankruptcy Court for the Southern District of New York.
Strong Petrochemical Holdings Ltd.: Directors (Cayman Islands)
Director Details for Strong Petrochemical Holdings Limited, obtained from the Cayman Islands General Registry on December 7th, 2024.
‘Remove my name or I’ll sue’, writes Singapore-based accountant Trisha Moustafa
Letter from Singapore-based accountant Trisha Moustafa threatening to sue OffshoreAlert if we did not remove her name from our website in connection with a complaint against LM Fund One Ltd. (in Official Liquidation) to which Moustafa was not a party, nor identified as such by OffshoreAlert, but in which she was identified as having corresponded with the plaintiff in her capacity as an employee of Bolder Fund Services (Singapore) Pte Ltd., which had allegedly accepted LM Fund One Ltd. as a client after the Fund's previous administrator had allegedly resigned.
USA v. Frank Ahlgren III: USA’s Sentencing Memorandum (‘$1M+ Bitcoin-Related Tax Fraud’)
USA's Sentencing Memorandum regarding "an early investor in Bitcoin" who "defrauded the United States of more than $1 million in taxes by filing false tax returns that underreported gains from the sale of over $4 million worth of bitcoin" in USA v. Frank Richard Ahlgren III at the U.S. District Court for the Western District of Texas.
China CITIC Bank International Ltd.: HK$4M Fine (Hong Kong)
Public Notice by the Hong Kong Monetary Authority that it has imposed a fine of HK$4 million on China CITIC Bank International Limited for regulatory breaches.
IQ EQ (Isle of Man) Ltd.: £614K Fine (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £614,009 on IQ EQ (Isle of Man) Limited for regulatory breaches.
USA v. Farhad Shakeri et al: Criminal Indictment (‘Iran Murder-For-Hire/Donald Trump’)
Criminal Complaint alleging conspiracy to provide material support to a Designated Foreign Terrorist Organization, Murder-For-Hire, money laundering, and sanctions evasion in USA v. Farhad Shakeri, Carlisle Rivera, and Jonathan Loadholt at the U.S. District Court for the Southern District of New York.
USA v. McKinsey and Company Africa (Pty) Ltd.: Deferred Prosecution Agreement ($123M Fine)
Deferred Prosecution Agreement in USA v. McKinsey and Company Africa (Pty) Ltd., of South Africa, at the U.S. District Court for the Southern District of New York.