Coworth Fintech

United Arab Emirates-based, British and Irish serial investment fraudster Richard Fagan has set up a new company in England called Crowd Funding Markets Ltd. and is also involved with a $4 million offering of shares in Dubai-domiciled Essentially Juices Manufacturing LLC, OffshoreAlert can reveal.

An investigation by the Dubai Financial Services Authority that was triggered by an OffshoreAlert exposé has resulted in a $240,000 fine and industry ban for United Kingdom national Stuart Coles and public censures for three of his companies, Coworth Investments, Coworth Fintech, and Novus Fintech.

Decision Notice by the Dubai Financial Services Authority imposing a fine of $240,000 and industry ban on Stuart Coles, a citizen of the United Kingdom.

Decision Notice by the Dubai Financial Services Authority that it has imposed a Public Censure on Coworth Fintech Ltd., whose "sole owner and director" was identified as Stuart Coles, a citizen of the United Kingdom.

Dubai Financial Service Authority's "Clarification regarding the regulatory status" of Coworth Investments Ltd., Coworth Fintech Ltd., and Novus Fintech Ltd. Editor's Note: As previously reported by OffshoreAlert, Coworth and Novus are part of a group controlled by British fraudster Richard Fagan.

Middle East-based British polo players led by Richard Fagan who fund their lavish lifestyles through investment fraud have set up a fake 'Swiss bank' and are trying to take over a Cayman Islands fund, OffshoreAlert can reveal.

LinkedIn Profile of Dubai-based British national Stuart Coles, part of a group of companies in Britain and the Middle East doing business as 'Coworth Investments' and 'Novus', on January 30th, 2021 in which he, inter alia, described himself as "Co-Founder & Chief Executive Officer" of "Novus Bank", of "Zug, Switzerland", which, in reality, does not exist. Coles deleted the profile on February 11th, 2021 - two hours after OffshoreAlert started asking him questions about his business interests.