Spain

Luis Benshimol v. David Brillembourg et al: Complaint

Complaint in Luis A. Benshimol v. David Brillembourg, Brilla Group, LLC, Brilla AJ RMB, LLC, Cap Juluca Segregated Portfolio M, Brilla Capital Investment Master Fund SPC, Ltd., Barilla RMB, LLC and CJ Villa 2, Ltd. at the U. S. District Court for the Southern District of Florida.

Privilege Wealth Notes suspended on Bermuda Stock Exchange

Trading in one of the main fund-raising vehicles for the fraudulently-operated Privilege Wealth investment group has been suspended by the Bermuda Stock Exchange after its Listing Sponsor, Estera Securities, formerly Appleby Securities, apparently resigned.

Privilege Wealth websites go down as chaotic collapse continues

The two main websites for Privilege Wealth's fraudulent investment scheme have gone off-line as the Marbella, Spain-based group continues to collapse in chaos. The group is threatening to bring a "class action" against OffshoreAlert, which it says is "100% liable" for investors' losses, which an insider estimated to be more than $40 million.
Chris Burton

Privilege Wealth suspends redemptions amid shooting & ‘$40m deficit’

Five months after being exposed as a fraud by OffshoreAlert, the Privilege Wealth investment scheme has collapsed, with an insider claiming there is a deficit of more than $40 million. Redemptions to investors have been suspended, Privilege Wealth's main office - a call center in Panama - has closed after the attempted murder of its boss - a fraud fugitive in Spain - and unpaid payroll and the group's registered agent in Gibraltar has resigned.

Gibraltar judge orders Privilege Wealth to produce records

A Gibraltar judge has ordered an inspection of the books and records of a limited partnership that underpins the Privilege Wealth investment group, which was exposed as a fraudulent enterprise by OffshoreAlert five months ago. The order was issued after Privilege Wealth allegedly ignored a request for inspection from one of its limited partners.

HELIX Investment: ‘Privilege Wealth intends to sue OffshoreAlert’

Announcement on the Bermuda Stock Exchange by HELIX Investment Management SLP, of Luxembourg, that the group it raises funds for, Privilege Wealth, intends to sue OffshoreAlert for defamation regarding an article exposing Privilege Wealth as a global investment fraud.

UK’s Operation Rico turned out to be Operation PR

I long ago realized the United Kingdom is spectacularly ineffective in holding financial criminals accountable for their actions due to a mixture of incompetence, laziness, corruption, lack of resources, a poor judicial system, and a general fondness for non violent

Privilege Wealth takes down websites after OffshoreAlert exposé (then brings them back up)

Within hours of OffshoreAlert's exposé of Privilege Wealth being published last night, the fraudulently-operated global investment group took their websites offline (before bringing them back online after the first version of this article was published). The group's main websites at www.pwplc.com, www.privilegewealthlp.com and www.privilegedirect.com were temporarily unavailable.
Brett Jolly - Fraudster

EXPOSED: ‘Privilege Wealth’ global investment fraud

Notorious British swindler Brett Jolly is secretly behind a global investment fraud being perpetrated under the name 'Privilege Wealth', OffshoreAlert can reveal. The scheme involves a sprawling web of companies and operators in Bermuda, BVI, Cayman Islands, Curacao, Dubai, Gibraltar, Guernsey, Jersey, Luxembourg, Panama, Seychelles, South Africa, Spain, UK, and USA.

YH Limited: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by Christian Henry Wells, as the Foreign Representative of YH Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Grupo Isolux Corsan SA et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Spain by Karla Pascarella, as the Foreign Representative of Grupo Isolux Corsán, S.A., Corsán Corviam Construcción, S.A., Grupo Isolux Corsán Concesiones, S.A., and Isolux Ingenieria, S.A., at the U. S. Bankruptcy Court for the Southern District of New York.

Abengoa SA et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Spain by Christopher Morris, as the Foreign Representative of Abengoa SA, Abeinsa Asset Management SL, Abeinsa Invesriones Latam SL, Abeinsa Ingenieria y Construccion Industrial SA, Abencor Suministros SA, Negocios Industriales y Comerciales SA, Abener Energia SA, Abengoa Bioenergia SA, Abeinsa Infraestructuras Medio Ambiente SA, Abengoa Finance SA, Abengoa Concessions SL, Abengoa Solar Espana SA, Abengoa Solar New Technologies SA, Abentel Telecomunicaciones SA, ASA Desulfuracion SA, Bioetanol Galicia SA, Ecoagricola SA, Instalaciones Inabensa SA, Europea de Construcciones Metalicas SA, Siema Technologies SL, Teyma Gestion de Contratos de Construccion e Ingenieria SA, Abengoa Water SL, Abengoa Solar SA, Abengoa Greenfield SAU, and Abengoa Greenbridge SAU, at the U. S. Bankruptcy Court for the District of Delaware.

Belvedere Management firm wound-up over ‘£36 m boiler room scam’

A British affiliate of Belvedere Management Group that is ultimately-owned by Cayman Islands-domiciled Brighton SPC has been wound up "in the public interest" in London for involvement in a boiler room fraud that swindled investors out of £36 million. Another Belvedere affiliate is fighting a similar winding-up petition.

Alpine Consult Ltd. et al: Carbon Credit Network Liquidations

Press Release by the United Kingdom's Insolvency Service announcing that "19 companies involved in a giant boiler room scam to sell carbon credits to the public for investment have been ordered into liquidation in the public interest, following petitions presented by the Secretary of State for Business, Innovation & Skills", namely Alpine Consult Limited, Environmental Acquisitions Limited, Blue Horizons Trading Ltd., Burlington Energy Markets Ltd., Charles Stratton Limited, Claremont James Ltd., CNI (UK) Limited, Clear View Partnership Ltd., Eden Brown Group S.L., Enviro Associates Limited, Global Carbon Exchange Limited, Harman Royce Limited, Karlsson Chase Limited, Liberty Alternative Investments Limited, New Frontier Partnership Ltd., Oswald Bradshaw Limited, Pure Carbon Ltd., Seasaw Limited, and Strategic Carbon Solutions Ltd.,

USA v. Naadir Cassim et al: USA’s Witness List

Government's Witness List in USA v. Naadir Cassim, Jon Craig Nelson, Michael Skillern, and Adriana Maria Camargo, a.k.a. Adriana Palomino, at the U. S. District Court for the Middle District of Florida.

USA v. Naadir Cassim et al: Cassim’s Witness List

Cassim's Witness List in USA v. Naadir Cassim, Jon Craig Nelson, Michael Skillern, and Adriana Maria Camargo, a.k.a. Adriana Palomino, at the U. S. District Court for the Middle District of Florida.

Codere Finance (UK) Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by David Jimenez Marquez, as the Foreign Representative of Codere Finance (UK) Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Anguilla regulator suspends Drake Incubator PCC after OffshoreAlert exposé

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.
william-redford

Advalorem Value Asset Fund Ltd. v. William Redford et al: Claim Form

Claim Form in Advalorem Value Asset Fund Limited (in Administration) v. William Francis Redford, Robert Stuart Stark, Brian Weal, Advalorem Asset Management Limited, Mark Compson, Minette Compson, Gregory King, Thistle Holdings Limited, and Michael Kane at Gibraltar Supreme Court.

Advalorem Value Asset Fund Ltd. v. William Redford et al: Freezing Order Judgment

Judgment regarding freezing order application in Advalorem Value Asset Fund Limited (in Liquidation) v. William Francis Redford, Robert Stuart Stark, Brian Weal, Advalorem Asset Management Limited, Mark Compson, Minette Compson, Gregory King, Thistle Holdings Limited, and Michael Kane at Gibraltar Supreme Court.

British firm Etaireia Investments admits OffshoreAlert’s exposé was true

Three days after being exposed by OffshoreAlert, publicly-listed British firm Etaireia Investments Plc has admitted it falsely announced last year that it had received planning permission for a substantial residential development on land it owns in Scotland. The company is blaming the fraud on a former director, Stuart Black.
brian-weal

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

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.

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

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.

‘Remove defamatory text’, demands convicted criminal Ali Yawar

Letter from Ali A. Yawar, a citizen of Afghanistan, resident of Spain and operator of Dunya Marbella Investments who pleaded guilty to extortion at federal court in California in 2007, demanding the removal of "defamatory text" from OffshoreAlert's web-site.