El Mostafa Belkhayate

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Allegations

Tharawat Capital: Petition

Petition for Court Supervision of a Voluntary Liquidation of Tharawat Capital at the Grand Court of the Cayman Islands.

Vision Capital Limited: Petition

Petition for Court Supervision of a Voluntary Liquidation in Vision Capital Limited at the Grand Court of the Cayman Islands.

JP Funds Cayman umbrella fund hit by another major fraud

The Cayman Islands-domiciled umbrella fund of which the fraudulent Axiom Legal Financing Fund was a sub-fund has been involved in at least two other frauds, OffshoreAlert can reveal. In the latest incident, investors in currency fund Capricorn FXG10 were allegedly swindled out of $26.6 million by British Virgin Islands-domiciled Global Tradewaves Ltd.