Kijani Commodity Fund

Kijani Resources Ltd. et al v. Richard Fagan et al: Judgment (‘Default Judgment Application’)

November 18, 2022

Judgment on default judgment application in Edgar Lavarello and Simon Conway, as Joint Liquidators of Kijani Resources Limited (in Liquidation) and Ratio Limited (in Liquidation) v. Richard Fagan, Simon Hooper, Lisa Billington, and William Redford at the Supreme Court of Gibraltar.

Kijani Resources Ltd. et al: Investor Notice (‘Simon Hooper Approach’)

June 10, 2022

'Investor Notice' by PwC, as liquidators of Kijani Resources Limited and Ratio Limited, both of Gibraltar, warning them about a solicitation from Simon Hooper, a British convicted fraudster whom the liquidators described as "a former director of both companies", regarding the Kijani Commodity Funds.

Kijani Resources Ltd. v. Richard Fagan et al: $134M Judgment Application

March 8, 2022

Application for a default judgment in the amount of $134 million against Richard Fagan, Simon Hooper, and William Redford in Edgar Lavarello and Simon Conway, as Joint Liquidators of Kijani Resources Limited (in Liquidation) v. Richard Fagan, Simon Hooper, Lisa Billington, and William Redford at Gibraltar Supreme Court.

Kijani Resources Ltd. et al v. Richard Fagan et al: Complaint (‘$82M Fraud’)

November 29, 2021

Particulars of Claim in Edgar Lavarello and Simon Conway, as Joint Liquidators of Kijani Resources Limited and Ratio Limited v. Richard Fagan, Simon Hooper, Lisa Billington, and William Redford at the Supreme Court of Gibraltar.

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.

Peter Kells et al v. Friends Provident International Ltd.: Defense

October 20, 2020

Defense in Peter Kells, of Thailand, and other investors v. Friends Provident International Ltd., of the Isle of Man, at the Isle of Man High Court.

Peter Kells et al v. Friends Provident International Ltd.: Amended Complaint

July 1, 2020

Amended Claim Form and Particulars of Claim for damages in excess of £50 million for alleged negligence and misrepresentation regarding the sale of failed investment products, including New Earth Fund, Axiom Legal Financing Fund, LM Group of Funds, Eco Resources Fund, and Kijani Commodity Fund in Peter Kells, of Thailand, and other investors v. Friends Provident International Ltd., of the Isle of Man, at the Isle of Man High Court.

Barry Dickinson et al v. Quilter International Isle of Man Ltd.: Amended Complaint

July 1, 2020

Amended Claim Form and Particulars of Claim for damages in excess of £50 million for alleged negligence and misrepresentation regarding the sale of failed investment products, including New Earth Fund, Axiom Legal Financing Fund, LM Group of Funds, Eco Resources Fund, and Kijani Commodity Fund in Barry Dickinson, of Thailand, and other investors v. Quilter International Isle of Man Limited, f.k.a. Old Mutual International Isle of Man Limited, f.k.a. Nel Britannia International Assurance Limited, f.k.a. Royal Skandia Life Assurance Limited, of the Isle of Man, at the Isle of Man High Court.

Kijani Gibraltar liquidators to sue NatWest Bank for ‘dishonest assistance’ to $98M fraud

July 1, 2019

The liquidators of Gibraltar-domiciled Kijani Resources Ltd. and Ratio Ltd. intend to sue NatWest Bank for "dishonest assistance" to a $98 million fraudulent scheme headed by Irishman Richard Fagan that collapsed in 2015 after being exposed by OffshoreAlert.

Kijani Resources Ltd. et al v. The Royal Bank of Scotland International Ltd.: Pre-Action Disclosure Ruling

June 6, 2019

Ruling on Application for an Order for Pre-Action Disclosure in Edgar Lavarello and Simon Conway, as Joint Liquidators of Kijani Resources Ltd. and Ratio Ltd., v. The Royal Bank of Scotland International Limited at Gibraltar Supreme Court.

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.

Brighton SPC: Liquidators’ Fifth Report

January 3, 2018

Fifth Report of the Joint Official Liquidators of Brighton SPC.

British firm Teyuteme Oil goes bust two years after being exposed by OffshoreAlert

August 16, 2017

British firm Teyuteme Oil Plc, which OffshoreAlert exposed as a 'crude vehicle to fleece investors' 27 months ago, has gone into liquidation with an estimated £10.9 million loss of funds invested by a Gibraltar company that's owned by a Cayman Islands fund vehicle.

Cayman Islands Monetary Authority v. Brighton SPC: Liquidators’ First Report

November 12, 2015

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

October 6, 2015

Reasons for Winding Up Order in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.

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,

Cayman regulator applies to liquidate Belvedere’s Brighton SPC, cites ‘fraud’

September 14, 2015

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

September 8, 2015

Winding Up Petition in Cayman Islands Monetary Authority v. Brighton SPC at the Grand Court of the Cayman Islands.

Belvedere Fund had €67 m of doubtful assets, says auditor BDO

July 8, 2015

More than one-third of the nearly €200 million of assets reported by one of Belvedere Management Group's offshore fund vehicles in 2013 was doubtful, according to auditor BDO (Mauritius).

Belvedere’s Kijani Resources goes into liquidation in Gibraltar

June 26, 2015

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

June 4, 2015

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.

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.

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.

Cayman hedge fund Brighton SPC suspended in aftermath of Belvedere Management Group exposé

March 22, 2015

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

March 21, 2015

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

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.

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.