Brighton SPC

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

June 29, 2018
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.

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.

Brighton SPC: Liquidation Notice

October 9, 2015
Public Notice by the Cayman Islands Monetary Authority that Brighton SPC was placed into liquidation on October 6th, 2015.

Nicolaas Faure & Drake Fund Advisors – An embarrassment to the BVI

September 15, 2015
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,

Belvedere’s Brighton SPC taken over by Cayman regulator

June 2, 2015
Belvedere Management Group fund vehicle Brighton SPC, which was exposed as a fraud by OffshoreAlert 11 weeks ago, has been taken over by the Cayman Islands Monetary Authority following the completion of a "forensic examination" by the regulator.

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.

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.

Mauritius regulator closes down RDL Management after OffshoreAlert exposé

March 30, 2015
The Mauritius Financial Services Commission today closed down a third company that was exposed by OffshoreAlert 13 days ago as being part of a massive investment fraud perpetrated by Belvedere Management Group. RDL Management Ltd. had its 'Collective Investment Scheme Manager License' suspended and was placed into administration.

Brighton SPC: Proposed New Directors

March 20, 2015
Letter from BVI-based Drake Fund Advisors Ltd. to shareholders of Cayman Islands-domiciled Brighton SPC announcing the resignation of its board of directors and the identities of proposed new directors.

Brighton SPC: Suspension Announcement

March 18, 2015
Letter to Shareholders of Cayman Islands-domiciled Brighton SPC from Nicolaas Faure, on behalf of the Fund's Administrator, British Virgin Islands-domiciled Drake Fund Advisors Ltd., announcing that the Fund was suspended on March 18th, 2015 by its directors, David Egglishaw and John Cullinane.
david-cosgrove-cobus-kellermann

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.