April 24, 2015 - A Guernsey regulator has essentially portrayed Belvedere Management Group principals David Cosgrove and Cobus Kellermann as serial fraudsters with little or no regard for the well-being of investors who, including other funds around the world, have entrusted them with hundreds of millions of dollars and possibly billions since the group began in or around 2008.
April 24, 2015 - Three Belvedere Management Group fund vehicles - The Global Mutual Fund PCC, The Worldwide Mutual Fund PCC and The Universal Mutual Fund ICC - were today forced into administration by their local regulator in Guernsey, with similar applications against two affiliates, Trinity Global Fund and Lancelot Management Limited, adjourned to a later date.
April 22, 2015 - Affidavit of Paul Yabsley in Guernsey Financial Services Commission v. Lancelot Management Limited, The Global Mutual Fund PCC Limited, The Universal Mutual Fund PCC Limited, The Worldwide Mutual Fund PCC Limited and The Trinity Global Fund. NOTE: OffshoreAlert has temporarily removed the 1,044 pages of exhibits to avoid potentially prejudicing the regulatory investigation in Guernsey. OffshoreAlert expects to restore them soon.
April 11, 2015 - Letter to the editor from Lebanon-based advance fee fraudster Mahmoud Chahal in which he threatens in broken English to harm OffshoreAlert's publisher because of postings by third parties on our message board ten years ago.
April 08, 2015 - First Report of Joint Official Liquidators Keiran Hutchison and Claire Loebell to Creditors of Caledonian Bank Limited.
April 05, 2015 - An attempt to raise at least £6 million from victims of the Centaur Group litigation funding fraud by March 31st to fund a dubious Cayman Islands-domiciled 'rescue fund' failed – so the three Australia-based businessmen behind the scheme - Simon Franklin, Stuart Hackett and Klaus Selinger - extended the deadline to April 17th.
April 01, 2015 - Petition to continue the voluntary liquidation of Caledonian Group Services Limited under the supervision of the Grand Court of the Cayman Islands.
March 31, 2015 - Judgment in Tempo Group Limited, Chen Ching Chih, and Maxima Resources Corporation v. Fortuna Development Corporation, New Frontier Development Corporation, Wynner Group Limited, Bates Group Limited, Steven Word Driscoll, and San-Rong Lii at the Grand Court of the Cayman Islands.
March 31, 2015 - Victims of Belvedere Management Group's global fraud scheme were pouring so much money into its London division that 33-year-old boss Anthony Constantinou regularly threw huge wads of cash up in the air for employees to grab as it rained down or scoop from the floor while on their hands and knees, according to a former employee.
March 31, 2015 - Writ and Statement of Claim in DMS Bank & Trust Ltd. and dms Organization Ltd. v. Jazeb Jones at the Grand Court of the Cayman Islands.