Martin Sampson

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Petition to wind up British £40M fraud firm Privilege Wealth Plc

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.

Privilege Wealth Plc: Third Progress Report of Administrators

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.

Privilege Wealth Management Ltd.: Chapter 15 Petition

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.

Privilege Wealth One LP: Chapter 15 Petition

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.

Privilege Wealth Plc: Chapter 15 Petition

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.

Privilege Wealth Plc reports £42M ‘deficiency’

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.

Privilege Wealth One LP: Insolvency Notification

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.

Liquidation meeting scheduled for fraudulent Privilege Wealth Plc

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.

Privilege Wealth Notes suspended on Bermuda Stock Exchange

Trading in one of the main fund-raising vehicles for the fraudulently-operated Privilege Wealth investment group has been suspended by the Bermuda Stock Exchange after its Listing Sponsor, Estera Securities, formerly Appleby Securities, apparently resigned.

Privilege Wealth websites go down as chaotic collapse continues

The two main websites for Privilege Wealth's fraudulent investment scheme have gone off-line as the Marbella, Spain-based group continues to collapse in chaos. The group is threatening to bring a "class action" against OffshoreAlert, which it says is "100% liable" for investors' losses, which an insider estimated to be more than $40 million.
Chris Burton

Privilege Wealth suspends redemptions amid shooting & ‘$40m deficit’

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.

Gibraltar judge orders Privilege Wealth to produce records

A Gibraltar judge has ordered an inspection of the books and records of a limited partnership that underpins the Privilege Wealth investment group, which was exposed as a fraudulent enterprise by OffshoreAlert five months ago. The order was issued after Privilege Wealth allegedly ignored a request for inspection from one of its limited partners.
Brett Jolly Privilege Wealth

EXPOSED: ‘Privilege Wealth’ global investment fraud

Notorious British swindler Brett Jolly is secretly behind a global investment fraud being perpetrated under the name 'Privilege Wealth', OffshoreAlert can reveal. The scheme involves a sprawling web of companies and operators in Bermuda, BVI, Cayman Islands, Curacao, Dubai, Gibraltar, Guernsey, Jersey, Luxembourg, Panama, Seychelles, South Africa, Spain, UK, and USA.

Privilege Wealth: Non-Circumvention & Non-Disclosure Agreement (June 19, 2013)

Non-Circumvention & Non-Disclosure Agreement between Jadestone Trust, Reversa Ltd., and Privilege Wealth One LP, all represented by Brett Jolly; Martin Sampson, Pierre Maccow, Brixton Equity Fund, Hulzy SA, Vayomer Global Fund, Mount Sion Investment Holding & Ventures LLC, Pablo Abad Anderson, and Knighstbridge Finance Ltd.