HELIX Investment Management SLP

Privilege Wealth Plc: Third Progress Report of Administrators

August 16, 2019

Administrators' Progress Report by insolvency practitioners Stephen Katz and John Kelmanson regarding Privilege Wealth Plc, a British firm that collapsed after being exposed as the perpetrator of an investment fraud by OffshoreAlert in 2016.

Privilege Wealth’s UK administrators apply for US recognition, identify litigation targets

August 3, 2018

The administrators of British firm Privilege Wealth Plc, which collapsed earlier this year after being exposed as a fraud by OffshoreAlert, have applied for recognition at federal bankruptcy court in the USA and identified several potential litigation targets.

Privilege Wealth Plc reports £42M ‘deficiency’

March 1, 2018

In a 'Statement of Affairs' filed with Companies House in Britain yesterday, investment fraudster Privilege Wealth Plc reported an estimated deficiency of £42 million. Of that amount, the company reported that £39.55 million is owed to investors, £2.5 million owed to its directors, and £124,038 to trade creditors.

Privilege Wealth Plc: Statement of Affairs

February 27, 2018

Statement of Affairs for Privilege Wealth Plc, filed with Companies House in Britain on February 27, 2018.

Privilege Wealth Notes suspended on Bermuda Stock Exchange

June 7, 2017

Trading in one of the main fund-raising vehicles for the fraudulently-operated Privilege Wealth investment group has been suspended by the Bermuda Stock Exchange after its Listing Sponsor, Estera Securities, formerly Appleby Securities, apparently resigned.