September 25, 2015 - Seven people have been criminally indicted in the United States for an alleged securities fraud involving purported reinsurer Gerova Financial Group - a former Cayman Islands firm that moved to Bermuda - that brought them nearly $20 million in profits.
September 24, 2015 - Complaint alleging fraud regarding Bermuda-based Gerova Financial Group, Ltd. in U. S. Securities and Exchange Commission SEC v. Jason W. Galanis, John P. Galanis, Jared M. Galanis, Derek M. Galanis, Gary T. Hirst, and Gavin L. Hamels at the U. S. District Court for the Southern District of New York.
September 23, 2015 - Winding Up Petition in Cayman Islands Monetary Authority v. Melstrep Neural Network No. 1 Fund Limited at the Grand Court of the Cayman Islands.
September 23, 2015 - Anguilla-based mutual fund vehicle Drake Incubator PCC - which is controlled by BVI-based Drake Fund Advisors and the Osiris Group - has been suspended from providing any licensed services to its only sub-fund - GRRE Investment Fund - after OffshoreAlert exposed one of GRRE's directors, who is part of Belvedere Management Group's global criminal financial enterprise.
September 22, 2015 - A Cayman Islands hedge fund - Copperstone Alpha Fund - and its manager have been added as defendants to a lawsuit by the U. S. Securities and Exchange Commission against a group that allegedly hacked newswire services and profited by more than $100 million in insider trading.
September 20, 2015 - Two more Belvedere Management Group investment vehicles - The Two Seasons PCC and Venture Assets PCC - have been closed down by the Financial Services Commission in Mauritius.
September 15, 2015 - The measure of any person or business is not whether they become involved in controversy but the actions they take when such controversy occurs.Within hours of OffshoreAlert exposing Belvedere Management Group as a "massive criminal financial enterprise" on March 17th,
September 14, 2015 - Public Notice by the Mauritius Financial Services Commission announcing the revocation of the business license of Venture Assets PCC, which is part of Belvedere Management Group.
September 14, 2015 - Public Notice by the Mauritius Financial Service Commission announcing the revocation of the business license of The Two Seasons PCC, which is part of Belvedere Management Group.
September 14, 2015 - Nearly six months after an OffshoreAlert exposé, the Cayman Islands Monetary Authority has petitioned to wind up Belvedere Management Group investment vehicle Brighton SPC, citing evidence of fraud "from inception" in which at least US$83 million of investors' funds has disappeared.