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 21, 2015 - Writ of Summons in Lehman Brothers Special Financing Inc. v. Robeco Credit Limited at the Grand Court of the Cayman Islands.
April 17, 2015 - Petition by Primary Development Fund (Cayman) SPC for Receivers to be appointed for one of its segregated portfolios, namely Helvetia Trading Fund Segregated Portfolio, at the Grand Court of the Cayman Islands.
April 15, 2015 - Stop Notice in Heavy Earth Resources Inc. v. Deep Core Inc. at the Grand Court of the Cayman Islands.
April 15, 2015 - Stop Notice in Wang Shijin v. TC Orient Lighting Holding Limited at the Grand Court of the Cayman Islands.
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 10, 2015 - Cayman Islands-based Caledonian Bank has millions of dollars of related-party transactions that typically "can be difficult to recover full value" and is exposed to "a single large loan" of $93.7 million, representing more than half of all loans receivable. The grim news for creditors came in the first report of liquidators Keiran Hutchison and Claire Loebell.
April 08, 2015 - First Report of Joint Official Liquidators Keiran Hutchison and Claire Loebell to Creditors of Caledonian Bank Limited.