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The Family (Global Godfathers) SPC v. Oussama Ammar et al: Order Dismissing Defendants’ Summons (‘Abuse of Process’)

August 16, 2024
Order Striking Out Defendants' Summons as an Abuse of Process and Granting Plaintiff's Summons in The Family (Global Godfathers) SPC, on its own behalf and on behalf of The Family (Freya) SP and The Family (Odin) SP v. Oussama Ammar, of Paris, France; Fabuleo Limited, of Hong Kong, and Aletheis, The First Limited, of Hong Kong, at the Grand Court of the Cayman Island

SEC v. Nova Tech Ltd. et al: Complaint (‘$650M Fraudulent Crypto Trading Scheme’)

August 12, 2024
Complaint alleging "a fraudulent crypto trading investment and pyramid scheme" in U.S. Securities and Exchange Commission v. Nova Tech Ltd., of Saint Vincent and the Grenadines; Cynthia Petion, described as a citizen of the United States residing in Panama; Eddy Petion, described as a citizen of the United States residing in Panama; Martin Zizi, James Corbett, Corrie Sampson, Dapilinu Dunbar, John Garofano, and Marsha Hadley at the U.S. District Court for the Southern District of Florida.

Exelcius Prime Ltd.: €740K Fine (Cyprus)

August 7, 2024
Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €740,000 on Exelcius Prime Ltd. for regulatory breaches.

SEC v. Juan Campo: Complaint (‘Securities Fraud’)

July 26, 2024
Complaint alleging "three fraudulent schemes to create the false impression that View Systems, a publicly traded penny stock company, was actively engaged in potentially lucrative lines of business in order to make it attractive to investors" in U.S. Securities and Exchange Commission v. Juan Campo, a.k.a. John Campo, described as a citizen of Colombia, at the U.S. District Court for the District of Columbia, USA.

USA v. Andrew Left: Criminal Indictment (‘$16M Securities Fraud’)

July 25, 2024
Criminal Indictment alleging securities fraud in USA v. Andrew Left, described as "a securities analyst, trader, and frequent guest commentator on business cable news channels such as CNBC, Fox Business, and Bloomberg TV", at the U.S. District Court for the Central District of California.

Mirror Trading International (Pty) Ltd. v. Carlos Pérez Haeussler: Complaint (‘$27K Transfers Avoidance’)

July 3, 2024
Complaint "to recover ill-gotten purported investment gains monies paid to Defendant as a result of the fraudulent and illegal pyramid scheme orchestrated and perpetuated by the above-captioned Debtor over the course of two years in South Africa, from which Defendant benefitted" in Chavonnes Badenhorst St Clair Cooper, as the Foreign Representative of Mirror Trading International (Pty) Ltd., which "purportedly was a fund manager trading in cryptocurrency, particularly bitcoin" v. Carlos Alfredo Pérez Haeussler at the U.S. District Court for the Southern District of Florida.

Mirror Trading International (Pty) Ltd. v. David Rosado: Complaint (‘$14K Transfers Avoidance’)

July 3, 2024
Complaint "to recover ill-gotten purported investment gains monies paid to Defendant as a result of the fraudulent and illegal pyramid scheme orchestrated and perpetuated by the above-captioned Debtor over the course of two years in South Africa, from which Defendant benefitted" in Chavonnes Badenhorst St Clair Cooper, as the Foreign Representative of Mirror Trading International (Pty) Ltd., which "purportedly was a fund manager trading in cryptocurrency, particularly bitcoin" v. David Rosado at the U.S. District Court for the Southern District of Florida.

Saturn4FX Sàrl: Public Warning (Switzerland)

June 25, 2024
Public Warning by the Swiss Financial Market Supervisory Authority that Saturn4FX International Management Sàrl, now known as Saturn4FX Sàrl, “is suspected of conducting unauthorised activities in the financial market”.

Germany: Pacific Western Bank (‘€15K Shares Fraud’)

June 25, 2024
Application for the appointment of a Commissioner to collect evidence from Pacific Western Bank - pursuant to a request for judicial assistance from Germany - for a criminal investigation into "an unknown perpetrator(s) for fraud".

SEC v. John Brda et al: Complaint (‘Torchlight Energy Resources Stock Fraud’)

June 25, 2024
Complaint alleging "a fraudulent scheme to manipulate the price of Torchlight Energy Resources, Inc. stock and sell Torchlight stock to investors at inflated prices" in U.S. Securities and Exchange Commission v. John Brda and Georgios Palikaras, described as a citizen of Greece residing in Halifax, Nova Scotia, Canada, at the U.S. District Court for the Southern District of New York.

Cayman Investment Funds Master SPC et al: Chapter 15 Petition (Cayman Islands)

June 24, 2024
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Samuel Cole and Mitchell Mansfield, of Kroll, as the Foreign Representatives of Cayman Investment Funds Master SPC (in Official Liquidation) and Cayman Investment Funds SPC (in Official Liquidation), filed at the U.S. Bankruptcy Court for the Southern District of Florida.

Discovery Global Opportunity Master Fund Ltd. et al v. Hertz Global Holdings Inc.: Complaint (‘Breach of Warrant Agreement’)

June 14, 2024
Complaint alleging "Hertz’s willful failure to abide by its obligations under the Warrant Agreement when it undertook a multibillion dollar recapitalization but refused to redeem all outstanding Warrants as it was expressly required to do under such circumstances" in Discovery Global Opportunity Master Fund Ltd., of the Cayman Islands, and Discovery Global Beacon Partners LP, of Delaware, USA v. Hertz Global Holdings, Inc., of Delaware, USA, at the Court of Chancery of the State of Delaware, USA.

Safe Trust SNC: Public Warning (Switzerland)

June 14, 2024
Public Warning by the Swiss Financial Market Supervisory Authority that Safe Trust SNC “is suspected of conducting unauthorised activities in the financial market”.

SEC v. Ilit Raz: Complaint (‘$21M Investment Fraud’)

June 11, 2024
Complaint alleging a $21 million fraud involving Joonko Diversity Inc. in U.S. Securities and Exchange Commission v. Ilit Raz, described as a citizen and resident of Israel, at the U.S. District Court for the Southern District of New York.

New York AG v. Nova Tech Ltd. et al: Complaint (‘$1B Crypto Ponzi Scheme’)

June 6, 2024
Complaint alleging Cynthia and Eddy Petion "defrauded thousands of investors worldwide out of over a billion dollars by promoting two consecutive fraudulent investment schemes", namely AWS Mining Pty Ltd. and NovaTechFX, in People of the State of New York v. Nova Tech Ltd., of Saint Vincent and the Grenadines; NovaTech Advisors LLC, AWS Mining Pty Ltd., of Australia; Cynthia Petion, Eddy Petion, Martin Zizi, James Corbett, Frantz Ciceron, NovaPay LLC, Kings Multi Services Agency LLC, Trinity of Success, and Positive Vision Marketing LLC at the Supreme Court of the State of New York, County of New York, USA.

Creditincome Ltd. et al v. The Swiss Confederation: Complaint (‘$82M Conversion’)

June 6, 2024
Complaint that "arises out of Switzerland’s March 19, 2023 conversion of debt securities known as Additional Tier 1 Bonds issued by Credit Suisse AG and beneficially owned by Plaintiffs" in Creditincome Limited, of England; Creditincome Pension Scheme, of England; Double Plateau Holdings LLC, of Delaware, USA; GI Rui Co. Ltd., of Samoa; Red White Investment Ltd., of the Cayman Islands; Rui Gi Lou International Co. Ltd., of the British Virgin Islands; Solar Talent International Limited, of the British Virgin Islands, and Springcore Ltd., of the British Virgin Islands v. The Swiss Confederation at the U.S. District Court for the Southern District of New York.

Alpine Partners (BVI) L.P. v. AstraZeneca Pharmaceuticals LP et al: Discovery Application (Cayman Islands)

June 5, 2024
Application by Alpine Partners (BVI) L.P., of the British Virgin Islands, to take discovery from AstraZeneca Pharmaceuticals LP, Kevin Durning, Centerview Partners LLC, OrbiMed Capital LLC, and OrbiMed Advisors LLC for use in an "appraisal proceeding" in the Cayman Islands regarding "the fair value of the shares of Gracell Biotechnologies Inc.", filed at the U.S. District Court for the District of Delaware.

Alpine Partners (BVI) L.P. v. Vivo Capital LLC et al: Discovery Application (Cayman Islands)

June 4, 2024
Application by Alpine Partners (BVI), L.P., of the British Virgin Islands, to take discovery from Vivo Capital LLC, Vivo Opportunity Fund Holdings, L.P., Vivo Asia Opportunity Fund Holdings, L.P., Vivo Opportunity Co-Invest, L.P., Vivo Panda Fund, L.P., Vivo Opportunity, LLC, Vivo Asia Opportunity, LLC, and Vivo Panda, LLC for use in "an appraisal proceeding pending before the Grand Court of the Cayman Islands" regarding "the fair value of the shares of Gracell Biotechnologies Inc.", filed at the U.S. District Court for the Northern District of California.

Esteban Hachuy et al v. Matias Costantini et al: Complaint (‘Ponzi Scheme’)

May 30, 2024
Complaint by "fourteen of over 150 victims of a fraudulent scheme masterminded by a web of individuals, who enticed victims with baseless promises of a high-return, safe and fully collateralized investment opportunity in the form of an unregistered fraudulent securities offering" in Overcome Estate Ltd., of the British Virgin Islands; Gallaway International Ltd., of the Bahamas; Fandwick Inc., of Panama; Esteban Hachuy, Mariano Burstein, Matias Charas, Ignacio Vidaguren, Guillermo Minuzzi, Juan Alzieu, Fernando Gomez, Maria Victoria Moren, Roxana Fabrizzi, Patricio Buteler, all described as residents of Argentina, and Adrian Simonetti, described as a citizen of Argentina residing in Spain v. Matias Costantini, Juan Cruz Talia Brown, Jonathan Culley, Capital Force LLC, Capital Force F1 LLC, Alberto San Miguel, and Vehicle Solutions CF LLC at the U.S. District Court for the Southern District of Florida.

Aliya Growth Fund LLC – Series AA et al v. Alina Panko et al: Amended Complaint (‘$12M Fraudulent Inducement’)

May 29, 2024
Amended Complaint alleging breach of contract and fraudulent inducement in Aliya Growth Fund LLC - Series AA, Aliya Growth Fund LLC - Series CC, Aliya Growth Fund LLC - Series DD, Aliya Growth Fund LLC - Series EE, and Aliya Growth Fund LLC - Series FF v. Alina Panko and Cassian F. Corzilius, both described as residents of Dubai, United Arab Emirates, at the Circuit Court of the Eleventh Judicial Circuit, in and for Miami-Dade County, Florida, USA.

Oasis Core Investments Fund Ltd. v. Bain Capital Investors LLC et al: Discovery Application (Cayman Islands)

May 23, 2024
Application by Oasis Core Investments Fund Ltd. to take discovery from Bain Capital Investors LLC, Bain Capital Credit Member, LLC, Bain Capital, LP, Bain Capital Private Equity (Asia), LLC, Bain Capital Distressed and Special Situations 2016 (A), L.P., Bain Capital Distressed and Special Situations 2016 (B Master), L.P., Bain Capital Credit Managed Account (Blanco), L.P., Bain Capital Distressed and Special Situations 2016 (F), L.P., Bain Capital Distressed and Special Situations 2016 Investors (A) L.P., Bain Capital Distressed and Special Situations 2016 Investors (B), L.P., Bain Capital Credit Managed Account Investors (Blanco), LLC, Bain Capital Distressed and Special Situations 2016 Investors (F), L.P., Citigroup Inc., and Morgan Stanley for use in an "appraisal proceeding" in the Cayman Islands involving "the shares of Chindata Group Holdings Limited (now known as WinTrix DC Group) held by Petitioner, and the process leading to the take-private merger", filed at the U.S. District Court for the District of Delaware.

George Cowan v. Equis Special L.P. et al: Ruling (‘Denying Application for Identity of Litigation Funder’)

May 22, 2024
Ruling, inter alia, dismissing applications for the identity of "the third party pure funder" and for security for costs in George Allen Cowan, individually and derivatively on behalf of Equis Special L.P., formerly known as Equis Asia Fund Special L.P. v. Equis Special L.P., acting by its General Partner, Equis Special GP; Equis Special GP, in its capacity as General Partner of Equis Special L.P.; David Charles Russell, Adam Bernhard Ballin, Lance Michael Comes, Joseph Thomas Carmody, Rajpal Singh Chaudhary, and Tony Gibson at the Grand Court of the Cayman Islands.

One Thousand & One Voices Africa Fund I Investors L.P. et al v. Africa Investments LLC et al: Order Denying Emergency Motion to Invalidate Cayman Islands Court Order

May 15, 2024
Order Denying Motion "for an emergency order pursuant to Federal Rule of Civil Procedure 65 declaring that an order issued on May 2, 2024 by the Grand Court of the Cayman Islands is invalid and unenforceable" in One Thousand & One Voices Africa Fund I Investors, L.P., of the Cayman Islands; One Thousand & One Voices Africa Fund I Investors, Ltd., of the Cayman Islands, and One Thousand & One Voices Management, LLC, of Delaware, USA, all of which are “managed and controlled solely by Hendrik Jordaan”, a citizen of South Africa v. Africa Investments LLC and TIP Founders LLC, both of whose controlling person was identified as John Coors, at the U.S. District Court for the Southern District of New York.

Letter purports to link cyber attack on OffshoreAlert’s website to British fraudster David Kennedy

May 12, 2024
OffshoreAlert has received a bizarre 'Cease and Desist' letter that purports to link last week's prolonged cyber attack on our website to British investment fraudster David Kennedy, who was criminally convicted in England on May 3rd for his involvement in a £121 million investment fraud perpetrated by Cayman Islands-domiciled Axiom Legal Financing Fund, which collapsed after being exposed by OffshoreAlert in 2012.

Gracell Biotechnologies Inc.: ‘Fair Value’ Petition

May 9, 2024
Petition to determine the "fair value" of shares in Gracell Technologies Inc., described as "a global clinical-stage biopharmaceutical company, which is developing cell therapies for the treatment of cancer and autoimmune diseases", at the Grand Court of the Cayman Islands.

One Thousand & One Voices Africa Fund I Investors L.P. et al v. Africa Investments LLC et al: Emergency Motion to Invalidate Cayman Islands Court Order

May 8, 2024
Motion "for an emergency order pursuant to Federal Rule of Civil Procedure 65 declaring that an order issued on May 2, 2024 by the Grand Court of the Cayman Islands is invalid and unenforceable" in One Thousand & One Voices Africa Fund I Investors, L.P., of the Cayman Islands; One Thousand & One Voices Africa Fund I Investors, Ltd., of the Cayman Islands, and One Thousand & One Voices Management, LLC, of Delaware, USA, all of which are “managed and controlled solely by Hendrik Jordaan”, a citizen of South Africa v. Africa Investments LLC and TIP Founders LLC, both of whose controlling person was identified as John Coors, at the U.S. District Court for the Southern District of New York.

Nan Liu et al v. EB5 Global SF LLC et al: Class Action Complaint (‘$42M EB-5 Visa Investment Fraud’)

May 8, 2024
Complaint in Nan Liu, Hao Liu, and Guangxiang Xu, all of China, directly and derivatively on behalf of EB-5 SF Investment Limited Partnership and derivatively on behalf of SF Hotel Investors, LLC, v. EB5 Global SF LLC, SF Hotel Investors LLC, MiMA Real Estate Partners I LLC, Renoir HM LLC, Proper Hospitality LLC, Kor Realty Group LLC, Brad Korzen, Kelly Wearstler, Alex Samek, and Brian DeLowe at the U.S. District Court for the District of Delaware.