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Mauritius regulator closes down RDL Management after OffshoreAlert exposé

March 30, 2015 - The Mauritius Financial Services Commission today closed down a third company that was exposed by OffshoreAlert 13 days ago as being part of a massive investment fraud perpetrated by Belvedere Management Group. RDL Management Ltd. had its 'Collective Investment Scheme Manager License' suspended and was placed into administration.

Cayman realtors sued for alleged $5 m 'Island Resort Project' fraud

March 26, 2015 - Cayman Islands real estate firm RE/MAX and its two principals, Kim Lund and James Bovell, are being sued in the United States for allegedly defrauding 30 investors out of more than $5 million in a Cayman property scheme known as 'Island Resort Project'.

Bermuda's ADG Fund sues defunct BVI shell firm for $52 m in 'dispute' that invites suspicion

March 25, 2015 - An obscure Bermuda-domiciled private equity fund - ADG Absolute Diversified Growth Fund - has applied to liquidate an even more obscure and long ago defunct BVI shell company - Lasdun Ventures - for alleged failure to repay a $52 m loan, a transaction whose substance is open to question.

Cayman hedge fund Brighton SPC suspended in aftermath of Belvedere Management Group exposé

March 22, 2015 - Cayman Islands-domiciled hedge fund Brighton SPC has been suspended by its directors, David Egglishaw and John Cullinane, after OffshoreAlert revealed it was part of a criminal financial enterprise operated by Mauritius-based Belvedere Management Group.

Mauritius regulator closes down two Belvedere Management fund companies

March 21, 2015 - Two key investment fund companies operated by Belvedere Management Group - Lancelot Global PCC and The Four Elements PCC - have had their business licenses revoked in Mauritius - four days after the group was exposed as a massive criminal enterprise by OffshoreAlert.

EXPOSED: Belvedere Management's massive criminal enterprise

March 17, 2015 - Offshore fund group Belvedere Management, which claims to have $16 billion of assets under administration, management and advisory, appears to be one of the biggest criminal financial enterprises in history, headed by David Cosgrove, Cobus Kellermann and Kenneth Maillard, OffshoreAlert can reveal. 

Database of Buttonwood Legal Capital/Centaur Litigation investors offered for sale on Craigslist in Thailand

March 12, 2015 - Australian firm Dequity Partners has denied involvement in an attempt to sell on Craigslist (Bangkok) a database of investors who invested in a fraudulent litigation funding scheme in the names of Centaur Litigation and Buttonwood Legal Capital.

British swindler Tim Schools settles £108 m Axiom Legal Financing Fund fraud complaint

March 06, 2015 - British fraudster Timothy Schools has settled a fraud complaint that was filed at the High Court in London by the Receivers of Cayman Islands-domiciled Axiom Legal Financing Fund on behalf of investors who were swindled out of £108 million.

Buttonwood Legal Capital fraud victims asked for another £14 m to finance 'rescue fund'

March 02, 2015 - Investors who have already been swindled out of £98 million in a litigation funding scam by Buttonwood Legal Capital are being asked to invest a further £14.63 million to finance a Cayman Islands-domiciled 'rescue fund' set up by Simon Franklin, Stuart Hackett, and Klaus Selinger, who were all involved with the Buttonwood scheme before its collapse. 

RBC (Bahamas) facing criminal charges in France for alleged tax fraud and money laundering

February 28, 2015 - The Public Prosecutor in France has recommended that Royal Bank of Canada Trust Company (Bahamas) Limited be criminally prosecutors for alleged tax fraud and money laundering concerning a trust for which the company serves as trustee.
Miami 2014 Presale

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Cayman attorney Michael Wingrave & client Jazeb Jones demonstrate how not to deal with the media
David Marchant
After my blog last year entitled "A Message to Greg Fairley, Ashley Hurst & Anyone Else Thinking of Threatening Me', I didn't think any lawyer client duo would be stupid enough to repeat the mistake of issuing an idle threat