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Articles Belvedere Group British Virgin Islands Cayman Islands Channel Islands Featured Fraud Gibraltar Guernsey Investments Liquidations & Insolvencies Listed Securities Mauritius Panama Regulatory Seychelles South Africa Switzerland United KingdomMarch 21, 2015

Mauritius regulator closes down two Belvedere Management fund companies

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By
7 years ago

Topics

British Virgin Islands Cayman Islands Channel Islands Fraud Gibraltar
Guernsey Investments Liquidations & Insolvencies Listed Securities Mauritius Panama Regulatory Seychelles South Africa Switzerland United Kingdom
[ 11 more... ] [ top 5 ]

Keywords

Belvedere Group Cobus Kellermann Commodities Partners International David Cosgrove Drake Fund Advisors
Four Elements PCC KDC Fund Kenneth Maillard Kijani Commodity Fund Lancelot Global PCC Osiris Group
[ 6 more... ] [ top 5 ]

Highlights

  • Lancelot Global PCC & Four Elements PCC lose business license & investment scheme authorization
  • Mauritius Stock Exchange de-lists Lancelot Global sub-funds KDC Fund & Commodities Partners International
  • Lancelot Global & Four Elements claimed in the past to have $600 m-plus under management
  • License revocations & de-listings come 4 days after OffshoreAlert exposed group's fraud schemes

Related Content

Two key investment fund companies operated by Belvedere Management Group - Lancelot Global PCC and The Four Elements PCC - have had their business licenses revoked in Mauritius - four days after the group was exposed as a massive criminal enterprise by OffshoreAlert.
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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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