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CWM fraudster Anthony Constantinou to be charged with sexually assaulting three former employees

July 02, 2015 - London-based fraudster Anthony Constantinou, who oversaw a forex fraud division of the Belvedere Management Group that is known as CWM, will be criminally charged in London on Monday with six counts of sexual assault against three former female employees, OffshoreAlert can reveal.

Belvedere associate Brian Weal's latest fraud: Publicly-listed Etaireia Investments

June 30, 2015 - OffshoreAlert's continuing investigation into Belvedere Management Group and its affiliates has uncovered another ongoing investment fraud, this one involving British firm Etaireia Investments Plc, whose shares are listed on the London-based ICAP Securities & Derivatives Exchange and which has raised at least £1.5 million over the last 15 months.

Belvedere's Kijani Resources goes into liquidation in Gibraltar

June 26, 2015 - Kijani Resources Limited, which is a key component of international investment frauds committed by Irishman David Cosgrove's and South African Cobus Kellermann's Belvedere Management Group, has gone into liquidation in Gibraltar.

'Flash Crash' suspect Navinder Sarao files bizarre 'cease & desist' letter with US court

June 17, 2015 - 'Flash Crash' fraud suspect Navinder Sarao has filed a bizarre "cease and desist" document at federal court in the United States that calls into question his sanity. In a rambling letter, the British citizen and resident who is currently fighting extradition wrote that the U.S. was trying "to make an idiot of him" and that "a complaint against an idiot is wrong".

Danish stock exchange suspends two Belvedere Group issuers

June 04, 2015 - The listings of British firms Eligere Investments Plc and Fulhold Pharma Plc, which are controlled by Mauritius-based fraud group Belvedere Management, were suspended yesterday by Danish stock exchange GXG Markets.

Belvedere's Brighton SPC taken over by Cayman regulator

June 02, 2015 - Belvedere Management Group fund vehicle Brighton SPC, which was exposed as a fraud by OffshoreAlert 11 weeks ago, has been taken over by the Cayman Islands Monetary Authority following the completion of a "forensic examination" by the regulator.

US judge slams SEC for forcing closure of Cayman's Caledonian Bank

May 27, 2015 - A federal judge in the United States has accused the U. S. Securities and Exchange Commission of "incredible government over-reach" in forcing the closure of Cayman Islands-licensed Caledonian Bank and rebuked the bank's counsel for allowing it to happen.
2 Ratings

BUSTED: British & Irish expats who help Belvedere Group swindle investors

May 22, 2015 - One day after new directors were appointed to 'ensure' that Cayman-domiciled Brighton SPC would be operated legally, the Fund illegally acquired a Gibraltar firm with bogus assets of $125 million, OffshoreAlert can reveal. The transfer allowed Belvedere and its accomplices in Britain, Dubai, Gibraltar, Spain and elsewhere to continue securities frauds involving firms listed on stock exchanges in Denmark, England and Germany.

Belvedere's David Cosgrove & Cobus Kellermann lambasted by Guernsey regulator

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.

Three Belvedere Management Group funds closed down by Guernsey regulator

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.
Miami 2014 Presale

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Bermuda's Secretive Court System: Time to Emerge from the Dark Ages
David Marchant
Bermuda prides itself on being one of the most advanced, best run offshore jurisdictions in the world. In many respects, that boast is deserved.However, in one key area, Bermuda is so far behind the times, it's embarrassing, with the jurisdiction