Privilege Direct Corporation

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.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Stephen Katz and John Kelmanson, as the Foreign Representatives of Privilege Wealth Plc, at the U. S. Bankruptcy Court for the District of New Jersey.