Coworth Fintech

UAE-based investment fraudster Richard Fagan forms British firm Crowd Funding Markets

August 28, 2022

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.

Dubai regulator fines & bans U.K. national Stuart Coles after OffshoreAlert exposé

July 7, 2022

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.

Stuart Coles: $240K Fine & Disqualification (Dubai)

March 15, 2022

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.

Coworth Fintech Ltd.: Public Censure

March 15, 2022

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.

Coworth Investments Ltd. et al: Dubai FSA’s ‘Regulatory Clarification’

November 16, 2021

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.

Richard Fagan’s British polo fraudsters set up fake ‘Swiss bank’ & attempt Cayman fund take-over

February 18, 2021

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.

Stuart Coles: LinkedIn Profile

January 30, 2021

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.