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.
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 USAMarch 31, 2017
Privilege Wealth suspends redemptions amid shooting & ‘$40m deficit’
6 years ago
TopicsBritish Virgin Islands Cayman Islands Channel Islands Curaçao Fraud
Gibraltar Guernsey Hong Kong Investment Jersey Liquidations & Insolvencies Listed Securities Luxembourg Panama Seychelles South Africa Spain USA United Arab Emirates United Kingdom[ 15 more... ] [ top 5 ]
KeywordsAnafin Capital Andrew Sweeney Appleby Brett Jolly Christopher Kamyczek
Christopher Rafal Burton Corinthian Trust Company CT Secretaries David Marchant GoBMV Helix Investment Management Jeremy Clark KPMG Mark Munnelly Martin Sampson Noel Anthony Donohue Noel Anthony Donovan Peter Stokes Premier Advice Club Ltd. Privilege Wealth Richard Colwell Richard Harold Davison Royal Bank of Scotland St. James International[ 19 more... ] [ top 5 ]