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Thomas Doctoroff v. Crown Global Life Insurance Ltd. et al: Ruling

Ruling denying summary judgment against Crown Global Life Insurance and granting summary judgment for $1.7 million against the other defendants regarding investments in the Mauritius-based Belvedere Management Group in Thomas Doctoroff, of New York, USA v. Crown Global Life Insurance Ltd., of Bermuda; Paul Gambles, of Thailand; MBMG Investment Advisory Company Ltd., of Thailand; MBMG Group Singapore Pte, of Singapore; MBMG International Custodians Ltd., of the British Virgin Islands; MBMG Asset Management Limited, of Mauritius, and Garmor Asset Management Ltd., of Mauritius, at Bermuda Supreme Court.

Simon Hooper pleads guilty to fraud in England

United Kingdom national Simon Hooper has pleaded guilty to three counts of fraud involving British firm Rationale Investments Limited, which purports to be a property investment firm.

Jacobus Kellermann: Press Release (2019)

Press Release by South Africa's Financial Sector Conduct Authority announcing that an "inspection found no evidence of any breaches of the relevant South African financial sector laws" by Jacobus Kellermann.

NY client sues offshore firms over failed Belvedere Management investments

Thailand-based British financial adviser Paul Gambles and his MBMG Group, including firms in the BVI, Mauritius, Singapore, and Thailand, are being sued for $3.5M in Bermuda by a U.S. client whose cash was invested in funds managed by the Belvedere Management Group, whose fraudulent operations were exposed by OffshoreAlert in 2015.

Thomas Doctoroff v. Crown Global Life Insurance Ltd. et al: Writ of Summons

Specially Endorsed Writ of Summons in Thomas Doctoroff, of New York, NY v. Crown Global Life Insurance Ltd., of Bermuda; Paul Gambles, a citizen of the United Kingdom residing in Thailand; MBMG Investment Advisory Company Ltd., of Thailand; MBMG Group Singapore Pte., of Singapore; MBMG International Custodians Ltd., of the British Virgin Islands; MBMG Asset Management Limited, of Mauritius, and Garmor Asset Management Ltd., of Mauritius, at Bermuda Supreme Court.

The Global Mutual Fund PCC et al: Administrators’ Final Report

Final Report of the Joint Administration Managers of The Global Mutual Fund PCC Limited, The Worldwide Mutual Fund PCC Limited, and The Universal Mutual Fund ICC Limited - all part of the Belvedere Management Group - to The Royal Court of Guernsey and Investors.

Guernsey FSC v. Belvedere Group: Letter

Letter from Guernsey Financial Services Commission concerning an investigation, known as 'Project Sauveur', into the Belvedere Management Group.

Mauritius bans three more Belvedere Management Group directors

Three more individuals - Kenneth Maillard, Laval Law and Rajindersingh Borthosow - have been banned from the financial services industry in Mauritius as a result of their involvement in the Belvedere Management Group, which was exposed as a fraudulent enterprise by OffshoreAlert in 2015.

Laval Law: Disqualification

Public Notice by the Mauritius Financial Services Commission announcing the disqualification of Laval Law.

RDL Management Ltd.: License Revocation

Public Notice by the Mauritius Financial Services Commission announcing the recovation of the Global Business Category 1 License, the Investment Adviser (Unrestricted) License and the CIS Manager License held by RDL Management Ltd.

Two more Belvedere Management firms have licenses revoked in Mauritius

Two more investment firms - Caldora International Fund and Caldora Asset Management - have had their licenses revoked in Mauritius as regulators continue to dismantle David Cosgrove's Belvedere Management Group, which was exposed as a global financial criminal enterprise by OffshoreAlert in 2015.

Mauritius FSC acts against three more Belvedere Management firms

The Mauritius Financial Services Commission yesterday took action against three more companies - Belvedere Fund Manager Limited, Rejuvenation PCC Limited and Theseus Property Fund Ltd. - that are part of the Belvedere Management Group, which was exposed as a global criminal financial enterprise last year by OffshoreAlert.

Rejuvenation PCC Ltd.: License Revocation

Public Notice by the Mauritius Financial Services Commission announcing the revocation of the Global Business License of Rejuvenation PCC Limited.

Belvedere’s David Cosgrove banned by Mauritius regulator

Seventeen months after being exposed as a serial fraudster by OffshoreAlert, Irishman David Cosgrove has been banned from serving as a corporate officer in Mauritius, while fellow director Francess Henriette was also banned and Belvedere Management Limited has its management license revoked.

CityGate Securities Ltd.: License Revocation

Public Notice by Mauritius Financial Services Commission announcing the revocation of the Broker License and Global Business License of CityGate Securities Limited, which was part of the Belvedere Management Group.

Belvedere Management firm wound-up over ‘£36 m boiler room scam’

A British affiliate of Belvedere Management Group that is ultimately-owned by Cayman Islands-domiciled Brighton SPC has been wound up "in the public interest" in London for involvement in a boiler room fraud that swindled investors out of £36 million. Another Belvedere affiliate is fighting a similar winding-up petition.

The Global Mutual Fund PCC et al: Administrators’ First Report

First Report of the Joint Administration Managers and the Joint Liquidators (Grant Thornton) of The Global Mutual Fund PCC Limited, The Worldwide Mutual Fund PCC Limited, The Universal Mutual Fund ICC Limited, and The Trinity Global Fund - all part of the Belvedere Management Group - to The Royal Court of Guernsey and Investors.

Brighton SPC: Liquidation Notice

Public Notice by the Cayman Islands Monetary Authority that Brighton SPC was placed into liquidation on October 6th, 2015.

Anguilla regulator suspends Drake Incubator PCC after OffshoreAlert exposé

Anguilla-based mutual fund vehicle Drake Incubator PCC - which is controlled by BVI-based Drake Fund Advisors and the Osiris Group - has been suspended from providing any licensed services to its only sub-fund - GRRE Investment Fund - after OffshoreAlert exposed one of GRRE's directors, who is part of Belvedere Management Group's global criminal financial enterprise.

Nicolaas Faure & Drake Fund Advisors – An embarrassment to the BVI

The measure of any person or business is not whether they become involved in controversy but the actions they take when such controversy occurs.Within hours of OffshoreAlert exposing Belvedere Management Group as a "massive criminal financial enterprise" on March 17th,
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