Disciplinary Consent Order from the United Kingdom's Insolvency Service that insolvency practitioner John Kelmanson "be Severely Reprimanded and fine £6,500" following "a Complaint that in his role as a potential liquidator/liquidator of a Company, Mr Kelmanson breached the fundamental principle of Professional Competence and Due Care of the Insolvency Code of Ethics".
Liquidator's Progress Report for Privilege Wealth Plc, prepared by David Ingram, of Grant Thornton, and filed with Companies House for England and Wales on November 24th, 2021.
Notice of Court Order Ending Administration regarding Privilege Wealth Plc, of Britain, by the company's administrators, Stephen Katz and John Kelmanson.
Nearly two years after their appointment and having run out of cash, the Joint Administrators of Britain's Privilege Wealth Plc have applied to wind up the company, which collapsed after its £40 million-plus investment fraud was exposed by OffshoreAlert.
Joint Administrators' Fourth Progress Report regarding British firm Privilege Wealth Plc, a participant in a global investment fraud that collapsed after being exposed by OffshoreAlert.
New Jersey law firm Cole Schotz has withdrawn from representing the United Kingdom-based administrators of Privilege Wealth Plc due to there being insufficient funds to pay legal fees.
Administrators' Progress Report by insolvency practitioners Stephen Katz and John Kelmanson regarding Privilege Wealth Plc, a British firm that collapsed after being exposed as the perpetrator of an investment fraud by OffshoreAlert in 2016.
Notice of Administrators' Progress Report for the period from July 23, 2018 to February 22, 2019, filed with Companies House for England and Wales.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram, as Foreign Representative of Privilege Wealth Management Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram, as the Foreign Representative of Privilege Wealth One Limited Partnership, at the U. S. Bankruptcy Court for the Southern District of Florida.
The administrators of British firm Privilege Wealth Plc, which collapsed earlier this year after being exposed as a fraud by OffshoreAlert, have applied for recognition at federal bankruptcy court in the USA and identified several potential litigation targets.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by Stephen Katz and John Kelmanson, as Foreign Representatives of Privilege Wealth Plc, at the U. S. Bankruptcy Court for the District of New Jersey.
Notice of Creditors' Decision on Administrators' Proposals concerning Privilege Wealth Plc, filed at Companies House for England and Wales.
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.
The biggest source of investment for the Privilege Wealth Group, Gibraltar-domiciled Privilege Wealth One Limited Partnership, today broke the news to its investors that it is massively insolvent due to fraud and mismanagement.
Letter to investors from Privilege Wealth Management Limited, as general partner of Privilege Wealth One LP, notifying them that Privilege Wealth Plc has gone into administration and that the group is insolvent.
The directors of British firm Privilege Wealth Plc, which was exposed as a fraud by OffshoreAlert nearly 15 months ago, have convened a creditors' meeting for January 12th to consider a resolution to wind-up the company and appoint a liquidator.