Briton Anthony Constantinou has been criminally charged regarding an alleged £50 million Ponzi scheme known as CWM that, inter alia, involved entities in the British Virgin Islands, Cayman Islands, and England.
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.
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.
Scotland-based Swan Developments Management Limited has become the latest firm to go into liquidation that was operated by, or associated with, the notorious Swan Group of British investment fraudsters.
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.
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.
Public Notice by the Mauritius Financial Services Commission regarding the cancellation of the disqualification of Rajindersingh Borthosow.
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 liquidators of Gibraltar-domiciled Kijani Resources Ltd. and Ratio Ltd. intend to sue NatWest Bank for "dishonest assistance" to a $98 million fraudulent scheme headed by Irishman Richard Fagan that collapsed in 2015 after being exposed by OffshoreAlert.
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.
Combined Summons in Jacobus Everhardus Kellermann v. Tiso Blackstar Group (Proprietary) Limited at the High Court of South Africa.
For a few years now, I've been flabbergasted by articles published by South African financial news service Moneyweb about Belvedere Management Group, which OffshoreAlert exposed as a global criminal financial enterprise in 2015.Since OffshoreAlert's exposé, Moneyweb has gone out of
British firm Teyuteme Oil Plc, which OffshoreAlert exposed as a 'crude vehicle to fleece investors' 27 months ago, has gone into liquidation with an estimated £10.9 million loss of funds invested by a Gibraltar company that's owned by a Cayman Islands fund vehicle.
British firm Eligere Investments Plc, whose purported market capitalization was £117 million when OffshoreAlert exposed it as a worthless component of a global fraud two years ago, has gone into liquidation.
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.
Decision setting aside an application by David Cosgrove in David Cosgrove v. Mauritius Financial Services Commission at the Mauritius Financial Services Review Panel.
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 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.
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.
Public Notice by the Mauritius Financial Services Commission announcing that it has withdrawn the authorization of Theseus Property Fund Ltd. to act as a Collective Investment Scheme.
Public Notice by the Mauritius Financial Services Commission announcing the suspension of the Manager nd Investment Adviser Licenses of Belvedere Fund Manager Limited.
Announcement by the Mauritius Financial Services Commission that Yuvraj Thacoor has been appointed as the liquidator of Lancelot Global PCC, The Four Elements PCC, and Two Seasons PCC.
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.
Public Notice by the Mauritius Financial Services Commission announcing the disqualification of Francess Henriette Marie Michelle from holding the office of officer.
Public Notice by the Mauritius Financial Services Commission announcing the revocation of the Management Licence of Belvedere Management Limited.
Public Notice by the Mauritius Financial Services Commission announcing the disqualification of David Dawson Cosgrove of holding the position of an officer.
Cayman Islands-based DMS Bank and a BVI-domiciled client are being sued by 318 victims of a £50 million investment fraud that was committed by Anthony Constantinou's CWM Group.
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.
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.
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.
First Report of Joint Official Liquidators in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.
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.
Two more Belvedere Management Group investment vehicles - The Two Seasons PCC and Venture Assets PCC - have been closed down by the Financial Services Commission in Mauritius.
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,
Nearly six months after an OffshoreAlert exposé, the Cayman Islands Monetary Authority has petitioned to wind up Belvedere Management Group investment vehicle Brighton SPC, citing evidence of fraud "from inception" in which at least US$83 million of investors' funds has disappeared.