Drake Financial Group Ltd.: Search Report (British Virgin Islands)
Search Report for Drake Financial Group Ltd., formerly known as Drake Fund Advisors Ltd., obtained from the British Virgin Islands Register of Companies on February 12th, 2021.
Cayman Islands Monetary Authority v. Brighton SPC: Liquidators’ First Report
First Report of Joint Official Liquidators in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.
Cayman Islands Monetary Authority v. Brighton SPC: Reasons for Winding Up
Reasons for Winding Up Order in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.
Anguilla regulator suspends Drake Incubator PCC after OffshoreAlert exposé
Anguilla-based mutual fund vehicle Drake Incubator PCC - which is controlled by BVI-based Drake Fund Advisors and the Osiris Group - has been suspended from providing any licensed services to its only sub-fund - GRRE Investment Fund - after OffshoreAlert exposed one of GRRE's directors, who is part of Belvedere Management Group's global criminal financial enterprise.
Nicolaas Faure & Drake Fund Advisors – An embarrassment to the BVI
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,
Cayman regulator applies to liquidate Belvedere’s Brighton SPC, cites ‘fraud’
Nearly six months after an OffshoreAlert exposé, the Cayman Islands Monetary Authority has petitioned to wind up Belvedere Management Group investment vehicle Brighton SPC, citing evidence of fraud "from inception" in which at least US$83 million of investors' funds has disappeared.
Cayman Islands Monetary Authority v. Brighton SPC: Winding Up Petition
Winding Up Petition in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.
Belvedere associate Brian Weal’s latest fraud: Publicly-listed Etaireia Investments
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
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.
Danish stock exchange suspends two Belvedere Group issuers
The listings of British firms Eligere Investments Plc and Fulhold Pharma Plc, which are controlled by Mauritius-based fraud group Belvedere Management, were suspended yesterday by Danish stock exchange GXG Markets.
Belvedere’s Brighton SPC taken over by Cayman regulator
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
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.
Mauritius regulator closes down RDL Management after OffshoreAlert exposé
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.
Cayman hedge fund Brighton SPC suspended in aftermath of Belvedere Management Group exposé
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
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.
Brighton SPC: Proposed New Directors
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
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.
EXPOSED: Belvedere Management’s massive criminal enterprise
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.