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
19
June
2013
Denmark | Documents | Fraud | Gibraltar | Investment | Luxembourg | Miscellaneous | Privilege Wealth | Spain | United Kingdom | Uruguay | USA
Privilege Wealth: Non-Circumvention & Non-Disclosure Agreement (June 19, 2013)
Non-Circumvention & Non-Disclosure Agreement between Jadestone Trust, Reversa Ltd., and Privilege Wealth One LP, all represented by Brett Jolly; Martin Sampson, Pierre Maccow, Brixton Equity Fund, Hulzy SA, Vayomer Global Fund, Mount Sion Investment Holding & Ventures LLC, Pablo Abad Anderson, and Knighstbridge Finance Ltd.
02
July
2013
Documents | Fraud | Germany | Gibraltar | Investment | Miscellaneous | Privilege Wealth | Spain | United Kingdom
Privilege Wealth: ‘Founding Document’
Non-Circumvention & Non-Disclosure Agreement, described to OffshoreAlert by a source as the 'Founding Document' for the Privilege Wealth investment scheme, signed by Brett Jolly, on behalf of Jadestone Trust, Reversa Ltd. and Privilege Wealth One LP; George Leavey, individually; and Nicolas Greenstone, individually and on behalf of Barton Brown Limited.
08
April
2015
Documents | Fraud | Gibraltar | Investment | Miscellaneous | Privilege Wealth | Spain | United Kingdom
Brett Jolly Acknowledges ‘Funding’ Privilege Wealth Scheme
Email exchanges between Brett Jolly and Frank Schaefer in April, 2015 in which Jolly acknowledged, inter alia, that he had "personally funded all set up expenses" for the Privilege Wealth investment scheme.
19
October
2016
Articles | Banks & Trusts | Bermuda | British Virgin Islands | Cayman Islands | Channel Islands | Curaçao | Featured | Fraud | Germany | Gibraltar | Guernsey | Insurance | Investment | Isle of Man | Jersey | Liechtenstein | Liquidations & Insolvencies | Listed Securities | Luxembourg | Netherlands Antilles | Panama | Payment Cards | Poland | Privilege Wealth | Seychelles | South Africa | Spain | Swan Group | Symtomax | United Arab Emirates | United Kingdom | USA | Uzbekistan | Wales
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.
20
October
2016
Articles | Banks & Trusts | Bermuda | British Virgin Islands | Cayman Islands | Channel Islands | Fraud | Gibraltar | Guernsey | Insurance | Investment | Jersey | Liquidations & Insolvencies | Listed Securities | Luxembourg | Panama | Privilege Wealth | Seychelles | South Africa | Spain | United Arab Emirates | United Kingdom | USA
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.
02
November
2016
Documents | Fraud | Gibraltar | Investment | Listed Securities | Luxembourg | Miscellaneous | Privilege Wealth | South Africa | Spain | United Kingdom | USA
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.
08
November
2016
‘Retract, clarify or we sue,’ writes Privilege Wealth’s Florida attorney
Letter to the Editor from Florida-based attorney Bradley Shraiberg, on behalf of Privilege Wealth Plc, threatening to sue OffshoreAlert if we did not publish a "retraction or clarification" of an exposé of his client.
15
November
2016
Civil | Complaint | Courts | Documents | Fraud | Gibraltar | High Court for England and Wales | Investment | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc v. David Marchant: Libel Complaint
Libel Complaint in Privilege Wealth Plc v. David Marchant at London High Court.
08
February
2017
Civil | Complaint | Courts | Documents | Fraud | Gibraltar | Gibraltar Supreme Court | Investment | Privilege Wealth | United Kingdom
Anafin Capital Ltd. v. Privilege Wealth Management Ltd. et al: Claim Form
Claim Form in Anafin Capital Limited v. Privilege Wealth Management Limited and Privilege Wealth One Limited Partnership at the Supreme Court of Gibraltar.
09
March
2017
Civil | Courts | Documents | Fraud | Gibraltar | High Court for England and Wales | Investment | Judgment | Panama | Privilege Wealth | Spain | United Kingdom | USA
Privilege Wealth Plc v. David Marchant: Default Judgment
Default Judgment in Privilege Wealth Plc v. David Marchant at London High Court.
17
March
2017
Civil | Courts | Documents | Fraud | Gibraltar | Gibraltar Supreme Court | Investment | Order | Privilege Wealth | United Kingdom
Anafin Capital Ltd. v. Privilege Wealth Management Ltd. et al: Order
Order in Anafin Capital Limited v. Privilege Wealth Management Limited and Privilege Wealth One Limited Partnership at the Supreme Court of Gibraltar.
23
March
2017
Articles | Bermuda | British Virgin Islands | Cayman Islands | Channel Islands | Curaçao | Featured | Fraud | Gibraltar | Guernsey | Investment | Jersey | Luxembourg | Panama | Privilege Wealth | Seychelles | South Africa | Spain | United Arab Emirates | United Kingdom | USA
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.
31
March
2017
Articles | British Virgin Islands | Cayman Islands | Channel Islands | Curaçao | Featured | Fraud | Gibraltar | Guernsey | Hong Kong | Investment | Jersey | Liquidations & Insolvencies | Listed Securities | Luxembourg | Panama | Privilege Wealth | Seychelles | South Africa | Spain | United Arab Emirates | United Kingdom | USA
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.
05
April
2017
Articles | Bermuda | British Virgin Islands | Cayman Islands | Channel Islands | Curaçao | Fraud | Gibraltar | Guernsey | Hong Kong | Investment | Jersey | Liquidations & Insolvencies | Listed Securities | Luxembourg | Netherlands Antilles | Panama | Privilege Wealth | Seychelles | South Africa | Spain | United Arab Emirates | United Kingdom | USA
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.
13
April
2017
Articles | Bermuda | Cayman Islands | Channel Islands | Curaçao | Featured | Fraud | Gibraltar | Guernsey | Hong Kong | Insurance | Investment | Jersey | Liquidations & Insolvencies | Listed Securities | Luxembourg | Netherlands Antilles | Panama | Privilege Wealth | Seychelles | South Africa | Spain | United Arab Emirates | United Kingdom | USA
Privilege Wealth Plc misses filing deadline for first annual accounts
Privilege Wealth Plc, the British arm of the fraudulently-operated Privilege Wealth investment group, has missed a deadline to file its first annual accounts - the latest setback to worry investors who are believed to have invested more than $40 million.
07
June
2017
Articles | Bermuda | British Virgin Islands | Cayman Islands | Channel Islands | Curaçao | Featured | Fraud | Gibraltar | Guernsey | Hong Kong | Investment | Jersey | Liquidations & Insolvencies | Listed Securities | Luxembourg | Netherlands Antilles | Panama | Privilege Wealth | Seychelles | South Africa | Spain | United Arab Emirates | United Kingdom | USA
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.
28
June
2017
British Virgin Islands | Civil | Complaint | Courts | Documents | Florida Circuit Court (Sarasota County) | Fraud | Investment | Liquidations & Insolvencies | Privilege Wealth | USA
Concord Equity Group Ltd. v. Oliphant Financial Group, LLC et al: Complaint
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.
20
July
2017
Articles | Bermuda | British Virgin Islands | Cayman Islands | Channel Islands | Curaçao | Fraud | Gibraltar | Hong Kong | Investment | Jersey | Liquidations & Insolvencies | Listed Securities | Luxembourg | Netherlands Antilles | Panama | Privilege Wealth | Seychelles | South Africa | Spain | United Arab Emirates | United Kingdom | USA
Companies House starts ‘Compulsory Strike Off’ action against Privilege Wealth Plc
Britain's Companies House has started the process of compulsorily striking off Privilege Wealth Plc, which was exposed as a fraud by OffshoreAlert nine months ago.
25
July
2017
Documents | Fraud | Investment | Liquidations & Insolvencies | Miscellaneous | Privilege Wealth | Spain | United Kingdom
Privilege Wealth Plc: Compulsory Strike-Off Notice
First Gazette Notice for Compulsory Strike-Off of Privilege Wealth Plc at Companies House for England and Wales.
26
July
2017
British Virgin Islands | Civil | Complaint | Courts | Documents | Florida Circuit Court (Sarasota County) | Fraud | Investment | Privilege Wealth | USA
Concord Equity Group Ltd. v. Oliphant Financial Group, LLC et al: First Amended Complaint
First 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.
03
August
2017
Articles | Bermuda | Featured | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Listed Securities | Luxembourg | Privilege Wealth | Spain | United Kingdom
Privilege Wealth’s Brett Jolly banned as company director in UK for prior fraud
Spain-based, British fraudster Brett Jolly, who is secretly behind the recently-collapsed Privilege Wealth investment scam, has been banned from serving as a company director in the United Kingdom for a prior fraud involving Anglo-Capital Partners Ltd.
17
August
2017
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.
23
August
2017
Articles | Bermuda | Channel Islands | Featured | Fraud | Guernsey | Insurance | Investment | Isle of Man | Liquidations & Insolvencies | Listed Securities | Luxembourg | Panama | Privilege Wealth | South Africa | Spain | United Kingdom
Guernsey insurer of Privilege Wealth investors’ capital loses license
In ominous news for investors in Privilege Wealth's insolvent $40 million investment scheme, the company they were told was insuring their principal - Affinity Insurance PCC Limited - has lost its insurance license in Guernsey.
14
September
2017
Argentarius | Articles | British Virgin Islands | Creditech | Featured | Fraud | Germany | Gibraltar | Investment | Isle of Man | Listed Securities | Luxembourg | Malta | Panama | Privilege Wealth | Spain | Switzerland | United Kingdom | USA
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.
18
September
2017
Fraud | Investment | Letters to the Editor | Panama | Privilege Wealth | Spain | United Kingdom | USA
‘I’ve never committed a fraud in my life,’ writes Brett Jolly
Letter to the Editor from Brett Jolly blaming others for the problems with the investment scheme known as 'Privilege Wealth' and accusing them of theft.
21
September
2017
Argentarius | Articles | Austria | Cayman Islands | Creditech | Featured | Fraud | Germany | Gibraltar | Hong Kong | Hungary | Investment | Liechtenstein | Listed Securities | Luxembourg | Malta | Privilege Wealth | Singapore | St. Vincent & the Grenadines | Swan Group | Sweden | United Kingdom | USA
Malta’s Argentarius Group kicked off Gibraltar Stock Exchange
Argentarius Group, which operates investment platforms in Malta, Gibraltar and the Cayman Islands on which several suspect schemes have been trying to raise funds, has been kicked off the Gibraltar Stock Exchange.
25
September
2017
Articles | Creditech | Fraud | Investment | Panama | Poland | Privilege Wealth | Spain | United Kingdom | USA
Key firm in Privilege Wealth & Creditech frauds is dissolved in Florida
Fintech Software Development Group Inc., which formed the centerpiece of two fraudulent investment schemes exposed by OffshoreAlert, has been dissolved by the Florida Division of Corporations for failing to file its annual report.
05
October
2017
Articles | Creditech | Featured | Fraud | Gibraltar | Investment | Liquidations & Insolvencies | Privilege Wealth | Spain | United Kingdom
Privilege Wealth Plc appears to be under criminal investigation
British firm Privilege Wealth Plc, which was exposed as a fraud by OffshoreAlert last October, appears to be under criminal investigation in the United Kingdom.
06
October
2017
Articles | Creditech | Fraud | Investment | Ireland | Liquidations & Insolvencies | Privilege Wealth | Spain | United Kingdom
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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