OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

Privilege Wealth Plc reports £42M 'deficiency'

March 01, 2018 by David Marchant

EMAIL ALERTS  

Get Free Alerts by Topic

NOT YET RATED  

246810
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.

Please Subscribe to read this article or Sign In

Financial Intelligence

For Less Than $3 per Day

$90

per Month.

Unlimited
Access

NO CONTRACT. CANCEL ANYTIME

Subscribe to OffshoreAlert

Investigative Financial News

Launched in 1997, OffshoreAlert hunts for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources. Subscribers have 24/7 access to our database of articles and documents.

  • Breaking News Affecting Your Industry
  • Information Not Available Anywhere Else
  • Searchable Database of Articles & Documents
  • Find Out Who's Insolvent, Been Sued or Indicted
  • Daily Monitoring of Red Flags (Globally*)

NOT YET RATED  

246810

OffshoreAlert encourages lively, open debate and asks that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.


POST A COMMENT

1 COMMENTS

  • Sylvia Sylvia
    By Sylvia Sylviaon Thursday, April 12, 2018 8:50:00 PM

    Brett Jolly has always been trying to draw victims' attention to his accomplices of Privilege Wealth and PW itself. However, victims should be aware and remember that Brett Jolly is the key person behind all those scams. Those who were / are tied to Privilege Wealth have created numerous companies- to continue the scam of "Payday loan investment " designed and guided by Brett Jolly.

    We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

    View Recent Digests

    BAHAMAS  
    BERMUDA  
    BRITISH VIRGIN ISLANDS  
    CAYMAN ISLANDS  
    Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
    David Marchant
    As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.