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Privilege Wealth look-alike C-Tech Financial seeks millions from investors

April 16, 2019 - British businessmen who fronted a failed attempt to keep the collapsed Privilege Wealth investment scheme going under another name in 2017 after it was exposed by OffshoreAlert have launched a look-alike in Florida and England, C-Tech Financial. They are Keith Harris, who is Deputy Chairman of Everton Football Club, and Andrew MacKenzie, who once ran the image rights firm of British politician and Olympic champion Sebastian Coe.

NFA accuses Irishman Mark Nichols & Almas Capital of failing to cooperate with investigation

February 26, 2019 - The National Futures Authority in the U.S. has issued a complaint against 56-year-old Irish conman Mark Nichols and his commodity trading advisor Almas Capital Management LLC for allegedly failing to cooperate with an NFA investigation into what appears to be an advance fee fraud - eight months after they were exposed by OffshoreAlert.

Apex Fund Services sued over '$10M fraud' against Silk Road M3 Fund

February 24, 2019 - Apex Fund Services, its CEO, Peter Hughes, and investment firms in the Cayman Islands and Mongolia are being sued in Bermuda regarding an alleged $10 million fraud perpetrated by 46-year-old, New York-based investment manager Alisher Ali Djumanov.

NY-based Logan Sugarman pulled from Bermuda bank purchase after OffshoreAlert uncovers red flags

February 20, 2019 - One of the proposed new beneficial owners of Bermuda Commercial Bank - New York-based Logan Sugarman - has been pulled from the deal after OffshoreAlert uncovered his history of indebtedness in the United States.

Bermuda ICO 'Advisor' Dan Sloan pleaded guilty to fraud in Texas in 2010

February 10, 2019 - An "advisor" to the first cryptocurrency firm to be approved for an Initial Coin Offering by the Bermuda government pleaded guilty to a $200,000 fraud in the U.S. eight years ago and is still on probation, OffshoreAlert can reveal. He is Dan Sloan, who is associated with California-based Uulala Ltd.

EXPOSED: Bermuda cryptocurrency firms Uulala and Arbitrade

January 27, 2019 - Two of Bermuda's new blockchain start-ups - Uulala Ltd. and Arbitrade Ltd. - are being operated by North Americans with long records of business failures, indebtedness, and scandal, OffshoreAlert can reveal.

$2.5M BVI judgment against offshore nominee & three Russians

January 14, 2019 - A $2.5 million judgment has been entered in the BVI against notorious Nevis-based, British nominee director Edward Petre-Mears and three Russians for breaches of the jurisdiction's Insolvency Act.

US regulator acts against Cayman's Beverstone Fund Management

December 18, 2018 - The National Futures Association has suspended Cayman Islands-domiciled Beverstone Fund Management and its Canadian principal, Roland Kaehler, for operating what appears to be a fraudulent scheme in which investors have lost over $6 million.

Wife of Cayman-based domain name pioneer Frank Schilling sues for access to corporate accounts

November 28, 2018 - The wife of Cayman Islands-based, Canadian/Caymanian domain name entrepreneur Frank Schilling is suing two of his companies in an attempt to obtain corporate "data and documents" to which she claims to have been illegally denied access.

Cayman firms owned by US accused fraudsters go into liquidation

October 31, 2018 - Seven Cayman Islands firms whose beneficial owners appear to be accused fraudsters in the United States have gone into liquidation, joining affiliates in the British Virgin Islands and the Bahamas.

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Privilege Wealth look-alike C-Tech Financial seeks millions from investors
British businessmen who fronted a failed attempt to keep the collapsed Privilege Wealth investment scheme going under another name in 2017 after it was exposed by OffshoreAlert have launched a look-alike in Florida and England, C-Tech Financial. They are Keith Harris, who is Deputy Chairman of Everton Football Club, and Andrew MacKenzie, who once ran the image rights firm of British politician and Olympic champion Sebastian Coe.
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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.