Channel Islands

YH Limited: Chapter 15 Petition (England)

August 3, 2016

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by Christian Henry Wells, as the Foreign Representative of YH Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Guernsey FSC v. Martyn Paul Gordon: ‘Not Fit and Proper’

July 29, 2016

News Release by Guernsey Financial Services Commission announcing regulatory penalties against Martyn Paul Gordon.

Deauville Properties Ltd.: Originating Application

July 28, 2016

Originating Application In the Matter of Deauville Properties Limited (in Liquidation) at the British Virgin Islands High Court.

EFG Nominees Ltd. et al v. Sharina Investments Ltd. et al: Fixed Date Claim Form

July 12, 2016

Fixed Date Claim Form in EFG Nominees Limited and EFG Secretaries Limited v. Sharina Investments Limited, The Registrar of Companies, and The Financial Secretary at the British Virgin Islands High Court.

Unicorn Worldwide Holdings Ltd. et al v. Gail Alison Cochrane: Claim Form

July 6, 2016

Claim Form in Unicorn Worldwide Holdings Limited, Glen Moar Properties Limited, Ballaugh Holdings Ltd., Bridge Properties (Arena Central) Ltd., and Specialty Finance Ltd. v. Gail Alison Cochrane at the British Virgin Islands High Court.

Tethys Petroleum Limited: Petition

June 28, 2016

Petition In the Matter of Tethys Petroleum Limited at the Grand Court of the Cayman Islands.

Martin Ekins v. BVI Registrar of Corporate Affairs: Order

June 24, 2016

Order in Martin Ekins v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Minerva Officer Ltd. v. BVI Registrar of Corporate Affairs: Order

June 23, 2016

Order in Minerva Officer Limited v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Litigation funding liquidators finally examine Australian fraudster ‘Scott Williams’

June 7, 2016

An elusive Australian who uses multiple identities has finally been tracked down and examined by the liquidators of a £97 million Cayman Islands-domiciled litigation funding fraud carried out in the names of Argentum Capital, Centaur Litigation and Buttonwood Legal.

SEC v. Providence Financial Investments, Inc. et al: TRO Motion

June 7, 2016

Emergency Motion for a Temporary Restraining Order in U. S. Securities and Exchange Commission v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell at the U. S. District Court for the District of Minnesota.

SEC v. Providence Financial Investments, Inc. et al: Complaint

June 7, 2016

Complaint in U. S. Securities and Exchange Commission v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell at the U. S. District Court for the District of Minnesota.

Freewind Holdings Ltd. v. Dunvegan Settlement et al: Originating Summons

April 18, 2016

Originating Summons in Freewind Holdings Limited v. Capco Trust Jersey Limited, as Trustee of The Dunvegan Settlement; Barry Nominees Limited, and Claude Nominees Limited at the Grand Court of the Cayman Islands.

Transparency International: ‘Paradise Lost’ Report

April 7, 2016

Transparency International report entitled 'Paradise Lost: Ending the UK's role as a safe haven for corrupt individuals, their allies and assets'.

Hawksford Trustees Jersey Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Branelly Holdings Ltd., 2016)

April 4, 2016

Fixed Date Claim Form in Hawksford Trustees Jersey Limited v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Hawksford Trustees Jersey Ltd. v. BVI Registrar of Corporate Affairs: Order

March 24, 2016

Order in Hawksford Trustees Jersey Limited v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Centaur Litigation SPC et al: Second Liquidators’ Report

March 15, 2016

Grant Thornton's Second Report to Creditors and Investors of Centaur Litigation SPC, Centaur Litigation Limited, and Centaur Litigation Unit Series 1 Limited (in Official Liquidation).

Hawksford Trustees Jersey Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Ravendale Capital Ltd.)

March 10, 2016

Fixed Date Claim Form in Hawksford Trustees Jersey Limited v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

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

February 19, 2016

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.

Randgold Resources (Cote d’Ivoire) Ltd. v. New Mining Holdings Ltd.: Claim Form

January 29, 2016

Claim form in Randgold Resources (Cote d'Ivoire) Limited v. New Mining Holdings Limited at the British Virgin Islands High Court.

Carlyle Capital Corporation Ltd. v. Patrick Trozzo: Discovery Application

January 7, 2016

Application for judicial assistance by Neil Mather and Alan Roberts, as liquidators of Carlyle Capital Corporation Limited (in liquidation), regarding Patrick Trozzo at the U. S. District Court for the Southern District of New York.

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

December 30, 2015

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.

Centaur Litigation fraudster Brendan Terrill imprisoned over ‘indecent images of children’

November 29, 2015

Brendan Terrill, 50, who was one of the masterminds of a litigation funding fraud that collapsed last year after being exposed by OffshoreAlert, has been imprisoned in Britain after pleading guilty to sharing "indecent images of children" over the Internet.

Jersey Uncovered: Inside One Of The World’s Leading Offshore Jurisdictions

November 24, 2015

A sickening child-abuse scandal, a U.S. journalist banned from the jurisdiction simply for trying to conduct an investigation, money laundering scandals, endemic corruption and cover-ups galore. Is Jersey truly immoral to a degree that is scarcely believable or is it misunderstood? An attorney who is based on the island reveals all.

Cayman Islands Monetary Authority v. Brighton SPC: Liquidators’ First Report

November 12, 2015

First Report of Joint Official Liquidators in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.

David Horne v. EQ Nominees (Jersey) Ltd. et al: Claim Form

November 6, 2015

Claim Form in David John Horne v. EQ Nominees (Jersey) Limited, Spiral Holdings Limited, Rivid Foundation, and Derard Limited at the British Virgin Islands High Court.

Sustainable Absolute Return Fund: Originating Application

October 5, 2015

Originating Application In the Matter of Sustainable Absolute Return Fund at the Grand Court of the Cayman Islands.

Principal Global Investors LLC et al v. Randall Dillard et al: Amended Complaint

September 25, 2015

Amended Complaint in Principal Global Investors LLC, of Delaware, and Principal Global Financial Services (Europe) Limited, of England v. Randall Dillard, Jeffery Holland, Benjamin Funk, Intertrust Trustees (Cayman) Limited, as Trustee of Pembroke Centurion Trust; Rothschild Trust Guernsey Limited, as Trustee of Manor Charitable Trust; Intertrust Trustees (Cayman) Limited, as Trustee of Prometheus Trust, and Circumference FS (Cayman) Limited, as purported trustee of Pembroke Centurion Trust, at the High Court of Justice, England and Wales.

Two more Belvedere fund vehicles closed down by Mauritius regulator

September 20, 2015

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.

James Nicholls: Disqualification

September 17, 2015

Updated Public Statement by the Jersey Financial Services Commission that it has disqualified James Nicholls, formerly of Horizon Trustees (Jersey) Limited (in Liquidation), "from holding any key person or principal person position in the business of any registered person".

Bibby International Services (Cayman Islands) Ltd.: Petition

August 21, 2015

Petition for Court Supervision of a Voluntary Liquidation in the matter of Bibby International Services (Cayman Islands) Limited at the Grand Court of the Cayman Islands.

Peter Gordon Radford: Disqualification

July 28, 2015

Pubic Notice by the Guernsey Financial Services Commission that it has imposed a five-year disqualification on Peter Gordon Radford.

Belvedere associate Brian Weal’s latest fraud: Publicly-listed Etaireia Investments

June 30, 2015

OffshoreAlert's continuing investigation into Belvedere Management Group and its affiliates has uncovered another ongoing investment fraud, this one involving British firm Etaireia Investments Plc, whose shares are listed on the London-based ICAP Securities & Derivatives Exchange and which has raised at least £1.5 million over the last 15 months.

Belvedere’s Kijani Resources goes into liquidation in Gibraltar

June 26, 2015

Kijani Resources Limited, which is a key component of international investment frauds committed by Irishman David Cosgrove's and South African Cobus Kellermann's Belvedere Management Group, has gone into liquidation in Gibraltar.

Aurora Funds Management Ltd. v. Torchlight Fund L.P.: Winding Up Petition

June 25, 2015

Winding Up Petition in Aurora Funds Management Ltd., as Trustee for the Bear Real Opportunities Fund, Crown Asset Management Ltd. and the Accident Compensation Corporation of New Zealand v. The Torchlight Fund L.P. at the Grand Court of the Cayman Islands.

Saad Investments Company Ltd.: Chapter 15 Petition (Cayman Islands)

May 29, 2015

Chapter 15 Petition for Recognition of Foreign Main Proceeding in the Cayman Islands by Hugh Dickson and Mark Byers, of Grant Thornton, as the Foreign Representatives of Saad Investments Company Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

BUSTED: British & Irish expats who help Belvedere Group swindle investors

May 22, 2015

One day after new directors were appointed to 'ensure' that Cayman-domiciled Brighton SPC would be operated legally, the Fund illegally acquired a Gibraltar firm with bogus assets of $125 million, OffshoreAlert can reveal. The transfer allowed Belvedere and its accomplices in Britain, Dubai, Gibraltar, Spain and elsewhere to continue securities frauds involving firms listed on stock exchanges in Denmark, England and Germany.

10-Year War: USA v. Eurofed Bank’s Offshore Liquidators For $150 m in Offshore Banks

May 5, 2015

This session will look at a 10-year legal battle between the USA and the liquidators of Eurofed Bank, in Antigua, for control over assets accumulated by corrupt former Ukraine Prime Minister Pavlo Lazarenko.

Belvedere’s David Cosgrove & Cobus Kellermann lambasted by Guernsey regulator

April 24, 2015

A Guernsey regulator has essentially portrayed Belvedere Management Group principals David Cosgrove and Cobus Kellermann as serial fraudsters with little or no regard for the well-being of investors who, including other funds around the world, have entrusted them with hundreds of millions of dollars and possibly billions since the group began in or around 2008.

Three Belvedere Management Group funds closed down by Guernsey regulator

April 24, 2015

Three Belvedere Management Group fund vehicles - The Global Mutual Fund PCC, The Worldwide Mutual Fund PCC and The Universal Mutual Fund ICC - were today forced into administration by their local regulator in Guernsey, with similar applications against two affiliates, Trinity Global Fund and Lancelot Management Limited, adjourned to a later date.

Guernsey FSC v. Lancelot Management Ltd. et al: Paul Yabsley Affidavit

April 22, 2015

Affidavit by Paul Yabsley, Senior Analyst in the Enforcement Division of The Guernsey Financial Services Commission, in The Guernsey Financial Services Commission v. Lancelot Management Limited, The Global Mutual Fund PCC Limited, The Universal Mutual Fund ICC Limited, The Worldwide Mutual Fund PCC Limited, and The Trinity Global Fund at The Royal Court of Guernsey.

Crosscan Financial Corp. v. Dmitry Purim et al : Order to Serve Outside Jurisdiction

April 15, 2015

Order to serve outside the jurisdiction in Stuart Mackellar, as liquidator of Crosscan Financial Corp. (in liquidation) v. Dmitry Purim, Edward Petre-Mears, Pavel Maslo, and Elena Ryabova at the British Virgin Islands High Court.

Tetragon Financial Group Ltd. et al v. Brit UW Ltd. et al: Consent Order

April 13, 2015

Order in Tetragon Financial Group Limited and Tetragon Financial Management LP v. Brit UW Ltd. (as sole representative of Lloyd's Syndicate BRT 2987 for the 2010 year of account), Chaucer Syndicates Limited, (representing Lloyd's Syndicate CSL 1084 for the 2010 year of account), and AIG Europe Limited at the Grand Court of the Cayman Islands.

Cayman ‘rescue fund’ for Centaur litigation funding fraud fails to meet £6 m minimum subscription

April 5, 2015

An attempt to raise at least £6 million from victims of the Centaur Group litigation funding fraud by March 31st to fund a dubious Cayman Islands-domiciled 'rescue fund' failed - so the three Australia-based businessmen behind the scheme - Simon Franklin, Stuart Hackett and Klaus Selinger - extended the deadline to April 17th.

Belvedere Management’s London unit ‘like Wolf of Wall Street’, says former employee

March 31, 2015

Victims of Belvedere Management Group's global fraud scheme were pouring so much money into its London division that 33-year-old boss Anthony Constantinou regularly threw huge wads of cash up in the air for employees to grab as it rained down or scoop from the floor while on their hands and knees, according to a former employee.

Jacobus Kellermann: Press Release (2015)

March 26, 2015

Press Release by the South Africa Financial Services Board disclosing two regulatory investigations into Jacobus Kellermann in Guernsey and Mauritius.

Cayman hedge fund Brighton SPC suspended in aftermath of Belvedere Management Group exposé

March 22, 2015

Cayman Islands-domiciled hedge fund Brighton SPC has been suspended by its directors, David Egglishaw and John Cullinane, after OffshoreAlert revealed it was part of a criminal financial enterprise operated by Mauritius-based Belvedere Management Group.

Mauritius regulator closes down two Belvedere Management fund companies

March 21, 2015

Two key investment fund companies operated by Belvedere Management Group - Lancelot Global PCC and The Four Elements PCC - have had their business licenses revoked in Mauritius - four days after the group was exposed as a massive criminal enterprise by OffshoreAlert.

EXPOSED: Belvedere Management’s massive criminal enterprise

March 17, 2015

Offshore fund group Belvedere Management, which claims to have $16 billion of assets under administration, management and advisory, appears to be one of the biggest criminal financial enterprises in history, headed by David Cosgrove, Cobus Kellermann and Kenneth Maillard, OffshoreAlert can reveal.

Towergate Finance Plc: Chapter 15 Petition

March 6, 2015

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Scott Egan, as the Foreign Representative of Towergate Finance Plc, at the U. S. Bankruptcy Court for the Southern District of New York.

Buttonwood Legal Capital fraud victims asked for another £14 m to finance ‘rescue fund’

March 2, 2015

Investors who have already been swindled out of £98 million in a litigation funding scam by Buttonwood Legal Capital are being asked to invest a further £14.63 million to finance a Cayman Islands-domiciled 'rescue fund' set up by Simon Franklin, Stuart Hackett, and Klaus Selinger, who were all involved with the Buttonwood scheme before its collapse.