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Articles Belvedere Group British Virgin Islands Cayman Islands Featured Fraud Gibraltar Investments Liquidations & Insolvencies Listed Securities Litigation Mauritius Regulatory Richard Fagan South Africa United KingdomSeptember 14, 2015

Cayman regulator applies to liquidate Belvedere’s Brighton SPC, cites ‘fraud’

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By
6 years ago

Topics

British Virgin Islands Cayman Islands Fraud Gibraltar Investments
Liquidations & Insolvencies Listed Securities Litigation Mauritius Regulatory South Africa United Kingdom
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Keywords

Alan Ronald Dulieu BDO Belvedere Group CityGate Securities Cobus Kellermann
David Cosgrove David Egglishaw David Walker Drake Fund Advisors DRSL Management John Henry Cullinane Kijani Commodity Fund Martin Kelly Osiris Group Premier Capital Managers Limited PricewaterhouseCoopers Richard Charles Craddock Richard Fagan Serenity Plus Fund Simon Conway Sparkasse Bank Malta Plc Straffan Asset Management T&K Investment Fund
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Highlights

  • CIMA investigation confirms OffshoreAlert's allegations of rampant fraud made nearly six months ago
  • At least US$83 m of investors' funds has been embezzled

Related Content

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.
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    David Marchant

    David Marchant is the founder, owner, and editor of OffshoreAlert. He is a career journalist who has lived and worked in Wales, England, Bermuda, and the USA. Since launching OffshoreAlert in 1997, he has exposed more than 175 investment fraud and money laundering schemes and helped law enforcement, regulators, and asset recovery specialists imprison, discipline, and seize the assets of those responsible. Fraudsters have sued for defamation in Canada, Cayman Islands, England, Grenada, Panama, and the United States, with several plaintiffs subsequently going to prison, including one for 17 years. He has appeared in TV shows and documentaries, including The Daily Show with Jon Stewart, American Greed, We're Not Broke, and The Price We Pay and been quoted or referenced in countless news articles, books, and reports.

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