Author Archives: Mike

Albidon Limited due to financial problems suspends operations in Zambia

Posted on November 21, 2011 by Mike

Albidon Limited, a BVI-incorporated company, which is 50 percent owned by Chinese Jinchuan Group, listed on Australian Stock Exchange and engaged in nickel exploration and development, made an announcement that it has temporarily suspended operations at its Munali nickel mine … Continue reading →

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Liquidators bring an action against BVI fund

Posted on November 14, 2011 by Mike

The liquidators of Weavering Fund’s UK operation began a civil case in London’s High Court against Magnus Peterson, CEO of Weavering and manager of its Macro Fund. Along with other employees of the fund, he is alleged of the breach … Continue reading →

Posted in BVI Investment Funds, Frauds, Investigation, Liquidation, Management Fraud, Offshore investment schemes, Unethical business practice | Leave a comment

Offshore Investment fund alleged of providing false information

Posted on October 28, 2011 by Mike

Federal Judge has frozen the assets and suspended the operations of Cambridge investment fund, Locust Offshore Management LLC. The founder of the fund, Andrey C. Hicks, is accused of lying to investors about the existence of an operation in the … Continue reading →

Posted in Frauds, Illegal actions, Management Fraud, Offshore investment schemes, Scam, Unethical business practice | Leave a comment

Tax service secretary asked over BVI company deal

Posted on October 13, 2011 by Mike

Dave Hartnett, permanent secretary for tax at UK Revenue& Customs, is to be questioned by MPs over leaked documents concerning the settlement of a tax dispute with Goldman Sachs. According to the report of the tax authorities, this settlement apparently … Continue reading →

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Madoff’s feeder funds’ liquidation procedure: important decision taken

Posted on September 29, 2011 by Mike

The Joint Liquidators from KryS Global, a law firm working from four jurisdictions, including the British Virgin Islands, Cayman Islands, Bahamas and Bermuda, announced an important decision in the procedure of liquidation of the Fairfield Funds – Fairfield Sentry Ltd., … Continue reading →

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CFTC filed suits against 11 unregistered firms including BVI entities

Posted on September 16, 2011 by Mike

иконописThe US Commodity Futures Trading Commission (CFTC) had filed ten enforcement actions against eleven companies, including two companies registered in the British Virgin Islands – InterForex, Inc. and O.C.M. Online Capital Markets Limited. These firms allegedly illegally solicited the public … Continue reading →

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BVI-owned company to purchase large wood industry enterprise

Posted on September 6, 2011 by Mike

The shares of one of the leading wood industry enterprises in Latvia – joint-stock company Latvijas Finieris – soon to be sold. In August 2011, some investors from Netherlands informed about their plans to invest LVL 50 million in the … Continue reading →

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OMC failed to report Singapore authority on transactions with BVI company

Posted on August 22, 2011 by Mike

КартинииконографияOn December 21, 2007, Singapore-based company GLA Ltd., which is owned by former Tourism Minister G Janardhana Reddy, had transferred the share of one Singapore dollar of the company to another ex-minister’s firm, GJR Holdings, registered in Isle of Man. … Continue reading →

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Ex-UBS banker indicted for tax evasion services

Posted on August 8, 2011 by Mike

икониThe U.S. Court has indicted former senior UBS private banker for selling offshore tax-evasion services to wealthy Americans. Martin Lack is a Swiss national who until 2003 oversaw UBS’s North America business for wealthy Americans placing their money in hidden … Continue reading →

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China Cablecom to delist from NASDAQ

Posted on July 25, 2011 by Mike

British Virgin Islands-incorporated company China Cablecom Holdings, Ltd., a consolidated cable network operator and joint-venture provider of cable television services in the Shandong province of China, reported about its intent to voluntarily delist its common stock from the NASDAQ Capital … Continue reading →

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