Spain

Swiss Fintech Development AG: Warning

Warning by the Swiss Financial Market Supervisory Authority against Zug-domiciled Swiss Fintech Development AG, whose "Team" is identified on its website as Tibor Muller, Jose Luis Fernandez, Christian Hoffmann, Raban Funk, and Daniel Schmutz, and which offers the "Swisscoin" cryptocurrency.

Hudson Solar Cayman LP v. Sky Solar Holdings Ltd. et al: Summary Judgment Motion

Notice of Motion for Summary Judgment in Lieu of Complaint in Hudson Solar Cayman LP, of the Cayman Islands v. Sky Solar Holdings Ltd., of the Cayman Islands; Sky Solar Power Ltd., of the British Virgin Islands; and Sky International Enterprise Group Limited, of Hong Kong, at the Supreme Court of the State of New York, County of New York.

Biscayne Capital Holdings Ltd. et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of Foreign Main Proceedings in Bermuda, the British Virgin Islands, and the Cayman Islands by Hadley Chilton, Michael Pearson, and Stephen Briscoe, as Foreign Representatives of North Pointe Holdings (BVI) Ltd., Biscayne Capital (BVI) Ltd., Vanguardia Holdings Ltd., Spyglass Investment Management Ltd., Vanguardia Group Inc., Sports Aficionados Ltd., SG Strategic Income Ltd., GMS Global Market Step Up Note Ltd., Diversified Real Estate Development Ltd., Preferred Income Collateralized Interest Ltd., Sentinel Investment Fund SPC, and Biscayne Capital Holdings Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.

Spain’s Costa del Fraud: Effective Strategies to Recover Assets

The Costa del Sol region in southern Spain is notorious as a place where mainly British expatriates operate fraudulent schemes with relative impunity. These schemes are targeted at non residents, including British pensioners, and take in tens of millions of

Privilege Wealth Management Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram, as Foreign Representative of Privilege Wealth Management Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.

Privilege Wealth One LP: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram, as the Foreign Representative of Privilege Wealth One Limited Partnership, at the U. S. Bankruptcy Court for the Southern District of Florida.

Privilege Wealth Plc: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by Stephen Katz and John Kelmanson, as Foreign Representatives of Privilege Wealth Plc, at the U. S. Bankruptcy Court for the District of New Jersey.

USA v. Francisco Convit Guruceaga et al: Criminal Complaint

Criminal complaint in USA v. Francisco Convit Guruceaga, Jose Vincente Amparan Croquer, Carmelo Urdaneta Aqui, Abraham Edgardo Ortega, Gustavo Adolfo Hernandez Frieri, Hugo Andre Ramalho Gois, Matthias Krull, and Marcelo Federico Gutierrez Acosta y Lara at the U. S. District Court for the Southern District of Florida.

Insight Securities, Inc. v. Clodi Holdings Ltd. et al: Complaint

Complaint in Insight Securities, Inc. v. Clodi Holdings Ltd., Amicorp Trustees (New Zealand) Limited, as Trustee of The Docil Trust; Amicorp Management Limited, Madison Assets, LLC, and Deutsche Bank Securities, Inc. at the U. S. District Court for the Northern District of Illinois.

Poland: Daria Poda

Application for the appointment of a Commissioner - pursuant to a request for judicial assistance from Poland - for a criminal investigation into Daria Poda for suspected fraud and trafficking in foreign counterfeit money.

Francisco Luis Diez Bernal v. Morrison USA LLC et al: Discovery Application

Application by Francisco Luis Diez Bernal to take discovery from Morrison USA LLC and Bilbo Development LLC for use in civil proceedings in Spain against Ciser Obras y Servicios, SL and Victor-Manuel Martinez Orgaz, filed at the U. S. District Court for the Southern District of Florida.

Ratio Ltd. v. Silex (UK) Plc et al: Ex Tempore Judgment

Ex Tempore Judgment in Ratio Limited (in liquidation), acting by its liquidators Simon Conway and Edgar Lavarello, v. Silex (UK) Plc, Nicholas Orson Lane, Michael Fortun, individually and in his capacity as a director of Silex (UK) Plc; William Francis Redford, individually and in his capacity as a director of Silex (UK) Plc; Amarok Limited, Ark Global Investments Limited, Boudere SL, Oliver Fagan, Gilray Trading Limited, Gines Galvan SL, Indege Limited, Ocean Equities Financial Limited, and Thurso Holdings Limited at Gibraltar Supreme Court.

Spain: David Story et al

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Spain - for a criminal investigation into David Story and Aranzazu Silva Generelo for suspected fraud and misappropriation.

Privilege Wealth Plc reports £42M ‘deficiency’

In a 'Statement of Affairs' filed with Companies House in Britain yesterday, investment fraudster Privilege Wealth Plc reported an estimated deficiency of £42 million. Of that amount, the company reported that £39.55 million is owed to investors, £2.5 million owed to its directors, and £124,038 to trade creditors.

Privilege Wealth One LP: Insolvency Notification

Letter to investors from Privilege Wealth Management Limited, as general partner of Privilege Wealth One LP, notifying them that Privilege Wealth Plc has gone into administration and that the group is insolvent.

Malta regulator shuts down funds managed by Swiss firm Novium AG

Malta-domiciled investment fund firm Excellence Investment Umbrella SICAV Plc, which is managed by Swiss investment manager Novium AG, has been ordered to go into liquidation by its local regulator, the Malta Financial Services Authority.

Liquidation meeting scheduled for fraudulent Privilege Wealth Plc

The directors of British firm Privilege Wealth Plc, which was exposed as a fraud by OffshoreAlert nearly 15 months ago, have convened a creditors' meeting for January 12th to consider a resolution to wind-up the company and appoint a liquidator.

Privilege Wealth fraud promoter Anafin Capital applies to be struck off

Anafin Capital Limited, which OffshoreAlert understands raised approximately $10 million for investment in a fraud known as Privilege Wealth and is, therefore, at risk of being sued by aggrieved clients, has applied to be voluntarily struck off the companies register in Britain.

Allen Stanford victims accuse Receiver & attorneys of self-enrichment

In objecting to a proposed $34 million settlement with law firm Hunton & Williams, of which 25% is slated to go to attorneys, victims of Allen Stanford's $7 billion Ponzi scheme have accused Receiver Ralph Janvey and his professional advisers of self-enrichment at their expense.

Allen Stanford Receiver v. Hunton & Williams: Emilia Branger Letter

Letter from Emilia Branger objecting to a proposed settlement with Hunton & Williams in Ralph Janvey, as Court-appointed Receiver for the Stanford Receivership Estate; The Official Stanford Investors Committee, Pam Reed, Samuel Troice, Michoacan Trust v. Greenberg Traurig, LLP, Hunton & Williams, LLP, and Yolanda Suarez at the U. S. District Court for the Northern District of Texas.

Last director of Privilege Wealth spin-off Creditech Plc resigns

The last remaining director of British firm Creditech Plc has quit, seemingly signaling the end of a firm that was attempting to continue an investment fraud that began as Privilege Wealth. Since being approached by OffshoreAlert less than a month ago, Creditech's entire board and its secretary have all resigned.

Jeremy Leach’s Managing Partners sues SWZ Funds in Bermuda

A Cayman Islands company - Managing Partners Investment Management - operated by dubious British fund manager Jeremy Leach is suing a Bermuda firm - SWZ Funds - for allegedly breaching a joint venture agreement in Malta - Smart Capital SCC.

Allen Stanford Receiver v. Hunton & Williams: COViSAL Letter

Letter from Jaime Escalona, on behalf of COViSAL, objecting to a proposed settlement with Hunton & Williams in Ralph Janvey, as Court-appointed Receiver for the Stanford Receivership Estate; The Official Stanford Investors Committee, Pam Reed, Samuel Troice, Michoacan Trust v. Greenberg Traurig, LLP, Hunton & Williams, LLP, and Yolanda Suarez at the U. S. District Court for the Northern District of Texas.

Brett Jolly rolls Privilege Wealth investment scam into ‘Creditech’

Banned company director and serial fraudster Brett Jolly has resurrected his failed Privilege Wealth investment scheme under a new name - Creditech - using as fronts two well-connected British nationals who quickly resigned after being contacted by OffshoreAlert, we can reveal.

Andrew Sweeney sets up three new firms after leaving Privilege Wealth scam

British investment salesman Andrew Sweeney has set up three new firms - Investabl Limited, International Portfolio Services Ltd., and Preston Invest Ltd. - after leaving his role as Group Sales and Marketing Director of Privilege Wealth, which specialized in swindling pensioners out of their retirements before collapsing after being exposed by OffshoreAlert.