Monday, December 7, 2015

CAYMAN REGULATOR REPEATEDLY FAILS TO ASSIST VICTIMS OF FRAUD

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The Cayman Islands Monetary Authority, known as CIMA, has repeatedly failed to stop financial fraud occurring within its jurisdiction, a...
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Saturday, December 5, 2015

DID CAYMAN GANG OF FOUR MOVE $450m OF VICTIMS' MONEY TO CUBA ?

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Lamb and Santana The first civil suit has been filed by one of the victims, against one of the Cayman Gang of Four, Sharon Lexa Lamb, a...
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RAISE COUNTRY RISK ON TURKEY TO UNACCEPTABLE LEVELS

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Turkey may be about to experience a perfect storm in its economy, mainly through the missteps committed by its government of late. While an...

PANAMANIAN LAWYER SOUGHT TO EXTORT $300,000 FROM CLIENT

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When Vladimir Kokorev notified Panama City attorney Ismael Gerli that he no longer required his services, Gerli demanded $300,000, clai...
Friday, December 4, 2015

NEW YORK FINANCIAL REGULATOR PROPOSES MASSIVE UPGRADE IN REQUIRED CERTIFIED COMPLIANCE PROGRAM, AND PERSONAL LIABILITY FOR CHIEF COMPLIANCE OFFICER

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The State of New York Department of Financial Services, an agency that is not shy about going after financial institutions that are defi...
Thursday, December 3, 2015

WHO IS THE COOPERATING INDIVIDUAL IN THE CRIMINAL INVESTIGATION OF THE GANG OF FOUR ?

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There have been persistent rumors, to the effect that one of the individuals involved in the Cayman Gang of Four $450m trading scandal i...
Wednesday, December 2, 2015

PANAMA'S MOST PROLIFIC FRAUDSTER SEEKS A DELAY IN SENTENCING ON HIS DUTCH CHILD PORNOGRAPHY CONVICTION

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Okke Ornstein, the Dutch fraudster who was, for years, the Scourge of Panama, is seeking to delay his sentencing, in the Netherlands, on...
Tuesday, December 1, 2015

EXTORTION CHARGES FILED IN SPAIN AGAINST PANAMANIAN LAWYER WHO FRAMED KOKOREV FOR MONEY LAUNDERING

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A Spanish prosecutor has filed criminal charges against the Panamanian attorney, Ismael Gerli, for Perjury, Making Threats, Disloyal Pro...
Monday, November 30, 2015

WHY NOT NAME AND SHAME THE GUILTY BARCLAYS OFFICERS ?

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By now,  you have read and absorbed the news about the £72m fine levied against Barclays PLC, for compliance violations that occurred wh...
Friday, November 27, 2015

ADDITIONAL VICTIMS COME OUT TO CITE THE CAYMAN GANG OF FOUR FOR FRAUD

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Margarita Island, Venezuela A number of additional Canadian & American investors, who have reported that their financial advisers, ...
Thursday, November 26, 2015

US FILES ITS BRIEF IN RICHARD CHICHAKLI APPEAL

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Miami Federal Detention Center We have been getting inquires from readers, requesting an update into the status of the appeal of Richar...
Wednesday, November 25, 2015

OFAC LEVIES CIVIL PENALTIES ON COMPANY THAT SOLD INTERNET BLOCKING SOFTWARE TO IRAN, SYRIA & SUDAN

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Barracuda Networks, inc.,  a US seller of "web filtering products, including products that could be used to block or censor Intern...
Tuesday, November 24, 2015

PAKISTAN'S TOP MODEL FINALLY CHARGED WITH MONEY LAUNDERING

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Ayyan Ali, regarded by many to be Pakistan's top supermodel, and who was stopped, in March, 2015, when she attempted to board a flig...
Saturday, November 21, 2015

GOVERNMENT BRIEF: TRIAL COURT DID NOT ERR IN CALCULATION OF PONZI LOSS IN ILLARRAMENDI CASE

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The Brief of Appellee in the Second Circuit appeal, by the Venezuelan Ponzi schemer, Francisco Illarramendi, states that the trial judge...
Friday, November 20, 2015

CRIMINALS BESIDES MEDICARE FRAUDSTERS ARE ALSO HIDING OUT IN CUBA

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Most compliance officers are familiar with the cases involving billions of dollars of Medicare payments fraudulently obtained by crimin...