Privilege Wealth
Privilege Wealth’s “low-risk, high-return” investment scheme swindled more than £40 million from investors, who were offered “insured” annual returns of 12% that would purportedly come from investment in payday loans offered by the Sioux Tribe in the USA. After OffshoreAlert revealed in October 2016 that it was a scam masterminded by Spain-based British fraudster and disqualified company director Brett Jolly, new investment fell by 85% from £494,000 to £76,000 per month, according to the company itself in a libel action that it filed against OffshoreAlert's publisher at the High Court in London, which he did not defend because foreign libel judgments are unenforceable in the U.S. under the SPEECH Act, which was introduced in 2010 to combat Britain's crime-friendly defamation laws. Demonstrating why the Act was needed in the first place, British judge Richard Davison, a.k.a. "Master Davison", stated in his default judgment that Privilege Wealth’s scheme "is far from being a fraud” and that he needed to issue “a substantial award, both to compensate the claimant and to provide a public marker that the allegations were untrue” to deter existing investors from requesting “early redemption” and, presumably, new investors from investing. We hope that no-one listened to Davison's nonsense but it became moot a mere 22 days later when Privilege Wealth’s scheme was suspended after the head of its Panama call center was shot and wounded in what Davison might have described as “far from being an attempt to kill”. Given the crude nature of Privilege Wealth’s fraud and that it was targeting British pensioners, Davison’s comments were particularly reckless and irresponsible. A special mention also to one of the English lawyers who represented Privilege Wealth in its libel action … Jonathan Coad, a self-described “committed Christian” who, nevertheless, took on a client that was in breach of at least two of the 'Ten Commandments'. Divine justice was done, however, when Privilege Wealth apparently didn't pay its legal fees, causing Coad's employer, law firm Lewis Silkin, to make a claim for £45,000 when Privilege Wealth went into administration.
Timeline
01
December
2022
Belize | Documents | England | Fraud | Investment | Liquidations & Insolvencies | Privilege Wealth | United Kingdom | USA
Privilege Wealth Plc: Progress Report 2022 (‘£43M Insolvency’)
Liquidators' Progress Report for the period from October 6th, 2021 to October 5th, 2022 for Privilege Wealth Plc, which perpetrated a £40 million-plus investment fraud before collapsing after being exposed by OffshoreAlert, filed with Companies House for England and Wales on December 1st, 2022.
19
May
2021
Civil | Courts | Documents | Florida Circuit Court (Broward County) | Fraud | Investment | Ireland | Judgment | Privilege Wealth | United Kingdom | USA
Axis Space LLC v. Mark Munnelly et al: Judgment ($53.4K)
Final Judgment for $53,437 in favor of the Plaintiff in Axis Space LLC v. Mark Munnelly, a citizen of Ireland, and C-Tech Financial Corp., of Florida, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida. Editor’s Note: Munnelly was one of the architects of a £40 million-plus investment fraud perpetrated by British group Privilege Wealth, which collapsed after being exposed by OffshoreAlert in 2016, prompting insiders to try to continue the scam via one of the defendants in this lawsuit, C-Tech Financial Corp., which also collapsed after being exposed by OffshoreAlert.
22
April
2021
Civil | Courts | Documents | Florida Circuit Court (Broward County) | Fraud | Investment | Ireland | Miscellaneous | Privilege Wealth | United Kingdom | USA
Axis Space LLC v. Mark Munnelly et al: Default Motion ($49K)
Plaintiff's Motion for Default Final Judgment regarding its Amended Complaint in Axis Space LLC v. C-Tech Financial Corp., of Florida, and Mark Munnelly, a citizen of Ireland, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.
30
October
2020
British fraudster Martin Sampson sets up new group
British fraudster Martin Sampson, who helped to perpetrate a £40 million-plus investment scam by the Privilege Wealth Group, is back in business with three new British companies, operating as Misil Group.
28
October
2020
Documents | Fraud | Investment | Liquidations & Insolvencies | Miscellaneous | Privilege Wealth | United Kingdom
Privilege Wealth Plc: Appointment of Liquidators
Notice that David Ingram and Michael Leeds, both of Grant Thornton, have been appointed as liquidators of Privilege Wealth Plc, filed at Companies House for England and Wales.
13
July
2020
Civil | Complaint | Courts | Documents | Florida Circuit Court (Broward County) | Fraud | Investment | Ireland | Privilege Wealth | United Kingdom | USA
Axis Space LLC v. Mark Munnelly et al: Amended Complaint (‘$31.8K Unpaid Workspace Membership’)
Amended Complaint in Axis Space LLC v. C-Tech Financial Corp., of Florida, and Mark Munnelly, a citizen of Ireland, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.
13
May
2020
British fraudster Mark Munnelly forms new firms
British accountant Mark Munnelly, who played a leading role in a £40 million-plus investment fraud committed by the now-defunct Privilege Wealth group, has formed three new firms in England over the last three months, OffshoreAlert can reveal.
16
April
2020
Articles | Belvedere Group | Featured | Fraud | Investment | Isle of Man | Liquidations & Insolvencies | Privilege Wealth | Scotland | Swan Group | Symtomax | United Kingdom
Swan Developments becomes latest member of British fraud group to collapse
Scotland-based Swan Developments Management Limited has become the latest firm to go into liquidation that was operated by, or associated with, the notorious Swan Group of British investment fraudsters.
22
January
2020
Articles | British Virgin Islands | Canada | England | Featured | Fraud | Gibraltar | Investment | Italy | Morocco | Netherlands | Panama | Portugal | Privilege Wealth | Scotland | South Africa | Spain | Swan Group | Switzerland | Symtomax | United Arab Emirates | United Kingdom
EXPOSED: Symtomax Group’s fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
21
January
2020
Documents | Fraud | Investment | Liquidations & Insolvencies | Miscellaneous | Panama | Privilege Wealth | United Kingdom
Privilege Wealth Plc: Notice of Court Order Ending Administration
Notice of Court Order Ending Administration regarding Privilege Wealth Plc, of Britain, by the company's administrators, Stephen Katz and John Kelmanson.
15
January
2020
Civil | Courts | Documents | Fraud | Gibraltar | High Court for England and Wales | Investment | Liquidations & Insolvencies | Order | Privilege Wealth | United Kingdom
Privilege Wealth Plc: Winding Up Order
Winding Up Order in the matter of Privilege Wealth Plc at the High Court of Justice of England and Wales.
07
January
2020
Articles | Featured | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Panama | Privilege Wealth | Spain | United Kingdom | USA
Petition to wind up British £40M fraud firm Privilege Wealth Plc
Nearly two years after their appointment and having run out of cash, the Joint Administrators of Britain's Privilege Wealth Plc have applied to wind up the company, which collapsed after its £40 million-plus investment fraud was exposed by OffshoreAlert.
10
December
2019
Belize | Documents | Fraud | Investment | Liquidations & Insolvencies | Miscellaneous | Panama | Privilege Wealth | United Kingdom | USA
Privilege Wealth Plc: Fourth Progress Report of Administrators
Joint Administrators' Fourth Progress Report regarding British firm Privilege Wealth Plc, a participant in a global investment fraud that collapsed after being exposed by OffshoreAlert.
19
August
2019
Articles | Featured | Fraud | Investment | Legal | Liquidations & Insolvencies | Privilege Wealth | United Kingdom | USA
Privilege Wealth’s US law firm withdraws due to administration’s ‘lack of funds’
New Jersey law firm Cole Schotz has withdrawn from representing the United Kingdom-based administrators of Privilege Wealth Plc due to there being insufficient funds to pay legal fees.
16
August
2019
Belize | British Virgin Islands | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc: Third Progress Report of Administrators
Administrators' Progress Report by insolvency practitioners Stephen Katz and John Kelmanson regarding Privilege Wealth Plc, a British firm that collapsed after being exposed as the perpetrator of an investment fraud by OffshoreAlert in 2016.
25
June
2019
Civil | Courts | Documents | Florida Circuit Court (Broward County) | Ireland | Miscellaneous | Privilege Wealth | USA
Axis Space LLC v. C-Tech Financial Corp.: Default Motion (‘$30.3K Breach of Contract’)
Plaintiff's Motion for Default Final Judgment against C-Tech Financial Corp. in Axis Space LLC v. Mark Munnelly, a citizen of Ireland, and C-Tech Financial Corp., of Florida, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.
22
April
2019
Civil | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management LP v. Privilege Direct Corp. et al: Melody Cuff Transcript
Filing of Deposition Transcript of Melody Cuff in Helix Investment Management LP v. Privilege Direct Corp., Oliphant Financial Group LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
22
April
2019
Civil | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management LP v. Privilege Direct Corp. et al: Robert Morris Transcript
Filing of Deposition Transcript of Robert Morris in Helix Investment Management LP v. Privilege Direct Corp., Oliphant Financial Group LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
22
April
2019
Civil | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management LP v. Robert Morris: Motion for Summary Judgment
Plaintiff's Motion for Summary Judgment against Robert Morris in Helix Investment Management LP v. Privilege Direct Corp., Oliphant Financial Group LLC, Oliphant Financial Corporation and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
22
April
2019
Bermuda | Civil | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Panama | Privilege Wealth | South Korea | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management LP v. Oliphant Financial Group et al: Summary Judgment Motion
Plaintiff's Motion for Final Summary Judgment against Oliphant Financial Group LLC and Oliphant Financial Corporation in Helix Investment Management LP v. Privilege Direct Corp., Oliphant Financial Group LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
16
April
2019
Articles | Creditech | Featured | Investment | Privilege Wealth | Spain | Switzerland | United Arab Emirates | United Kingdom | USA
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.
21
February
2019
Belize | British Virgin Islands | Documents | Fraud | Investment | Liquidations & Insolvencies | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc: Second Progress Report of Administrators
Notice of Administrators' Progress Report for the period from July 23, 2018 to February 22, 2019, filed with Companies House for England and Wales.
10
December
2018
Civil | Complaint | Courts | Documents | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Panama | Privilege Wealth | Spain | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management LP v. Privilege Direct Corp. et al: Third Amended Complaint
Third Amended Complaint in Helix Investment Management LP v. Privilege Direct Corp., Oliphant Financial Group LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
18
September
2018
24
August
2018
Bermuda | Cayman Islands | Channel Islands | Chapter 15 | Chile | Civil | Courts | Documents | Fraud | Gibraltar | Guernsey | Investment | Liechtenstein | Liquidations & Insolvencies | Luxembourg | Panama | Petition | Privilege Wealth | Spain | United Kingdom | United States Bankruptcy Court for the Southern District of Florida | USA
Privilege Wealth Management Ltd.: Chapter 15 Petition (Gibraltar)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram and Freddie White, of Grant Thornton, as the Foreign Representative of Privilege Wealth Management Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.
20
August
2018
Asset Recovery | Belize | Bermuda | British Virgin Islands | Channel Islands | Documents | Fraud | Gibraltar | Guernsey | Insurance | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc: First Progress Report of Administrators
Notice of Administrator's Progress Report regarding Privilege Wealth Plc.
14
August
2018
Chapter 15 | Chile | Civil | Courts | Documents | Fraud | Gibraltar | Investment | Liechtenstein | Liquidations & Insolvencies | Luxembourg | Panama | Petition | Privilege Wealth | Spain | United Kingdom | United States Bankruptcy Court for the Southern District of Florida | USA
Privilege Wealth One LP: Chapter 15 Petition (Gibraltar)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram and Freddie White, as the Foreign Representatives of Privilege Wealth One Limited Partnership, at the U. S. Bankruptcy Court for the Southern District of Florida.
03
August
2018
Articles | Belize | Bermuda | Cayman Islands | Featured | Fraud | Investment | Liquidations & Insolvencies | Listed Securities | Luxembourg | Panama | Privilege Wealth | United Kingdom | USA
Privilege Wealth’s UK administrators apply for US recognition, identify litigation targets
The administrators of British firm Privilege Wealth Plc, which collapsed earlier this year after being exposed as a fraud by OffshoreAlert, have applied for recognition at federal bankruptcy court in the USA and identified several potential litigation targets.
02
August
2018
Belize | Bermuda | Cayman Islands | Chapter 15 | Civil | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Listed Securities | Luxembourg | Panama | Petition | Privilege Wealth | Spain | United Kingdom | United States Bankruptcy Court for the District of New Jersey | USA
Privilege Wealth Plc: Chapter 15 Petition (England)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Stephen Katz and John Kelmanson, as the Foreign Representatives of Privilege Wealth Plc, at the U. S. Bankruptcy Court for the District of New Jersey.
28
June
2018
Civil | Complaint | Courts | Documents | Florida Circuit Court (Broward County) | Fraud | Investment | Ireland | Privilege Wealth | United Kingdom | USA
Axis Space LLC v. Mark Munnelly et al: Complaint
Complaint alleging breach of contract in Axis Space LLC v. Mark Munnelly, a citizen of Ireland, and C-Tech Financial Corp., of Florida, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida. Editor's Note: Munnelly was one of the architects of a £40 million-plus investment fraud perpetrated by British group Privilege Wealth, which collapsed after being exposed by OffshoreAlert in 2016, prompting insiders to try to continue the scam via one of the defendants in this lawsuit, C-Tech Financial Corp., which also collapsed after being exposed by OffshoreAlert.
26
June
2018
Articles | Featured | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Privilege Wealth | USA
Two Privilege Wealth companies go into liquidation in Gibraltar
Two key components of a $40 million-plus investment fraud exposed by OffshoreAlert - Privilege Wealth One Limited Partnership and its general partner, Privilege Wealth Management Limited - have gone into liquidation in Gibraltar.
22
June
2018
Articles | Bermuda | Channel Islands | Featured | Fraud | Guernsey | Investment | Isle of Man | Liquidations & Insolvencies | Listed Securities | Luxembourg | Privilege Wealth
Privilege Wealth investors’ capital insurer Affinity PCC struck off in Guernsey
In further bad news for investors in the failed Privilege Wealth investment scam, the company that purportedly insured investors' capital was today compulsorily struck off Guernsey's corporate register.
20
June
2018
Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Miscellaneous | Privilege Wealth | United Kingdom
Privilege Wealth Management Limited: Liquidation Notice
Notice to Creditors of Privilege Wealth Management Limited (in Liquidation) by Joint Liquidator David Ingram, of Grant Thornton.
20
June
2018
Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Miscellaneous | Privilege Wealth | United Kingdom
Privilege Wealth One Limited Partnership: Liquidation Notice
Notice to Creditors of Privilege Wealth One Limited Partnership (in Liquidation) by Joint Liquidator David Ingram, of Grant Thornton.
18
June
2018
Bermuda | Civil | Complaint | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Listed Securities | Luxembourg | Panama | Privilege Wealth | Spain | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management SLP v. Privilege Direct Corp. et al: Second Amended Complaint
Second Amended Complaint in Helix Investment Management, SLP v. Privilege Direct Corp., Oliphant Financial Group, LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
17
May
2018
Bermuda | Civil | Complaint | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Listed Securities | Luxembourg | Panama | Privilege Wealth | Spain | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management SLP et al v. Privilege Direct Corp. et al: First Amended Complaint
First Amended Complaint in Helix Investment Management SLP, on behalf of Helix Securitisation Fund Compartment 'Privilege Wealth'; Privilege Direct Corp., Oliphant Financial Group, LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
30
April
2018
Articles | Bahrain | Featured | Fraud | Investment | Ireland | Privilege Wealth | United Kingdom | USA
Guernsey’s Steve Dewsnip involved in another dubious venture
Guernsey-based businessman Steve Dewsnip, who was arrested last year as part of a fraud investigation into Providence Financial Group, is involved with another questionable venture, Connecticut-based Almas Nexus, whose CEO, Mark Nichols, has a history of indebtedness and corporate failure.
19
April
2018
Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Miscellaneous | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc: Notice of Creditors’ Decision on Administrators’ Proposals
Notice of Creditors' Decision on Administrators' Proposals concerning Privilege Wealth Plc, filed at Companies House for England and Wales.
15
March
2018
Belize | British Virgin Islands | Cayman Islands | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc: Administrators’ Proposals
Notice of Administrators' Proposals regarding Privilege Wealth Plc, filed with Companies House in the United Kingdom.
01
March
2018
Articles | Cayman Islands | Featured | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Panama | Poland | Privilege Wealth | Spain | United Kingdom | USA
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.
01
March
2018
British Virgin Islands | Civil | Courts | Curaçao | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Netherlands Antilles | Panama | Privilege Wealth | United Kingdom | United States District Court for the Middle District of Georgia | USA
Helix Investment Management SLP v. Privilege Direct Corp. et al: Plaintiff’s Response to Defendant’s Motion to Stay
Plaintiff's Response to Defendant's Motion to Stay in Helix Investment Management, SLP, on behalf of Helix Securitisation Fund Compartment 'Privilege Wealth' v. Privilege Direct Corp., Oliphant Financial Group, LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
27
February
2018
Cayman Islands | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Panama | Poland | Privilege Wealth | Spain | United Kingdom
Privilege Wealth Plc: Statement of Affairs
Statement of Affairs for Privilege Wealth Plc, filed with Companies House in Britain on February 27, 2018.
23
February
2018
Civil | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Miscellaneous | Panama | Privilege Wealth | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management, SLP v. Privilege Direct Corp. et al: Oliphant Financial Group’s Motion To Stay
Oliphant Financial Group's Motion To Stay in Helix Investment Management, SLP, on behalf of Helix Securitisation Fund Compartment 'Privilege Wealth', v. Privilege Direct Corp., Oliphant Financial Group, LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
19
February
2018
British Virgin Islands | Civil | Complaint | Courts | Documents | Florida Circuit Court (Sarasota County) | Fraud | Investment | Liquidations & Insolvencies | Privilege Wealth | United Kingdom | USA
Concord Equity Group Ltd. v. Oliphant Financial Group, LLC et al: Second Amended Complaint
Second Amended Complaint in Concord Equity Group Limited v. Oliphant Financial Group, LLC and Oliphant Financial, LLC at the Circuit Court of the Twelfth Judicial Circuit, in and for Sarasota County, Florida.
19
February
2018
Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth One LP: Letter to Investors
Letter to investors from Privilege Wealth Management Limited, as general partner of Privilege Wealth One LP.
06
February
2018
Articles | Featured | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc goes into administration with debts exceeding $38M, investors are told
The biggest source of investment for the Privilege Wealth Group, Gibraltar-domiciled Privilege Wealth One Limited Partnership, today broke the news to its investors that it is massively insolvent due to fraud and mismanagement.
06
February
2018
Documents | Fraud | Gibraltar | Investment | Isle of Man | Liquidations & Insolvencies | Miscellaneous | Panama | Privilege Wealth | Spain | United Kingdom | USA
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.
23
January
2018
Civil | Complaint | Courts | Documents | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Panama | Privilege Wealth | United Kingdom | United States District Court for the Middle District of Florida | USA
Helix Investment Management SLP v. Privilege Direct Corp. et al: Complaint
Complaint in Helix Investment Management, SLP, on behalf of Helix Securitisation Fund Compartment 'Privilege Wealth' v. Privilege Direct Corp., Oliphant Financial Group, LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.
04
January
2018
Articles | Featured | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Luxembourg | Panama | Privilege Wealth | Spain | United Kingdom
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.
07
December
2017
Articles | Featured | Fraud | Investment | Isle of Man | Liquidations & Insolvencies | Privilege Wealth | Spain | United Kingdom | USA
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.
- 1
- 2