Privilege Wealth

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Privilege Wealth Plc: Final Account (‘£43M Deficit’)

Notice of Final Account Prior to Dissolution in the matter of Privilege Wealth Plc, which collapsed after being exposed as a fraud by OffshoreAlert in 2016, filed at Companies House for England and Wales on August 20th, 2024.

Privilege Wealth Plc: Progress Report 2022 (‘£43M Insolvency’)

Liquidators' Progress Report for the period from October 6th, 2021 to October 5th, 2022 for Privilege Wealth Plc, which perpetrated a £40 million-plus investment fraud before collapsing after being exposed by OffshoreAlert, filed with Companies House for England and Wales on December 1st, 2022.

Axis Space LLC v. Mark Munnelly et al: Judgment ($53.4K)

Final Judgment for $53,437 in favor of the Plaintiff in Axis Space LLC v. Mark Munnelly, a citizen of Ireland, and C-Tech Financial Corp., of Florida, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida. Editor’s Note: Munnelly was one of the architects of a £40 million-plus investment fraud perpetrated by British group Privilege Wealth, which collapsed after being exposed by OffshoreAlert in 2016, prompting insiders to try to continue the scam via one of the defendants in this lawsuit, C-Tech Financial Corp., which also collapsed after being exposed by OffshoreAlert.

Axis Space LLC v. Mark Munnelly et al: Default Motion ($49K)

Plaintiff's Motion for Default Final Judgment regarding its Amended Complaint in Axis Space LLC v. C-Tech Financial Corp., of Florida, and Mark Munnelly, a citizen of Ireland, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.

British fraudster Martin Sampson sets up new group

British fraudster Martin Sampson, who helped to perpetrate a £40 million-plus investment scam by the Privilege Wealth Group, is back in business with three new British companies, operating as Misil Group.

Privilege Wealth Plc: Appointment of Liquidators

Notice that David Ingram and Michael Leeds, both of Grant Thornton, have been appointed as liquidators of Privilege Wealth Plc, filed at Companies House for England and Wales.
mark-munnelly

British fraudster Mark Munnelly forms new firms

British accountant Mark Munnelly, who played a leading role in a £40 million-plus investment fraud committed by the now-defunct Privilege Wealth group, has formed three new firms in England over the last three months, OffshoreAlert can reveal.
minette-compson-paul-segal

EXPOSED: Symtomax Group’s fraudulent €12M Bond Offering

A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.

Petition to wind up British £40M fraud firm Privilege Wealth Plc

Nearly two years after their appointment and having run out of cash, the Joint Administrators of Britain's Privilege Wealth Plc have applied to wind up the company, which collapsed after its £40 million-plus investment fraud was exposed by OffshoreAlert.

Privilege Wealth Plc: Third Progress Report of Administrators

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 look-alike C-Tech Financial seeks millions from investors

British businessmen who fronted a failed attempt to keep the collapsed Privilege Wealth investment scheme going under another name in 2017 after it was exposed by OffshoreAlert have launched a look-alike in Florida and England, C-Tech Financial. They are Keith Harris, who is Deputy Chairman of Everton Football Club, and Andrew MacKenzie, who once ran the image rights firm of British politician and Olympic champion Sebastian Coe.

Privilege Wealth Management Ltd.: Chapter 15 Petition (Gibraltar)

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram and Freddie White, of Grant Thornton, as the Foreign Representative of Privilege Wealth Management Limited, at the U. S. Bankruptcy Court for the Southern District of Florida.

Privilege Wealth One LP: Chapter 15 Petition (Gibraltar)

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Gibraltar by David Ingram and Freddie White, as the Foreign Representatives of Privilege Wealth One Limited Partnership, at the U. S. Bankruptcy Court for the Southern District of Florida.

Privilege Wealth Plc: Chapter 15 Petition (England)

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.

Axis Space LLC v. Mark Munnelly et al: Complaint

Complaint alleging breach of contract in Axis Space LLC v. Mark Munnelly, a citizen of Ireland, and C-Tech Financial Corp., of Florida, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida. Editor's Note: Munnelly was one of the architects of a £40 million-plus investment fraud perpetrated by British group Privilege Wealth, which collapsed after being exposed by OffshoreAlert in 2016, prompting insiders to try to continue the scam via one of the defendants in this lawsuit, C-Tech Financial Corp., which also collapsed after being exposed by OffshoreAlert.

Guernsey’s Steve Dewsnip involved in another dubious venture

Guernsey-based businessman Steve Dewsnip, who was arrested last year as part of a fraud investigation into Providence Financial Group, is involved with another questionable venture, Connecticut-based Almas Nexus, whose CEO, Mark Nichols, has a history of indebtedness and corporate failure.

Privilege Wealth Plc reports £42M ‘deficiency’

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 One LP: Insolvency Notification

Letter to investors from Privilege Wealth Management Limited, as general partner of Privilege Wealth One LP, notifying them that Privilege Wealth Plc has gone into administration and that the group is insolvent.

Helix Investment Management SLP v. Privilege Direct Corp. et al: Complaint

Complaint in Helix Investment Management, SLP, on behalf of Helix Securitisation Fund Compartment 'Privilege Wealth' v. Privilege Direct Corp., Oliphant Financial Group, LLC, Oliphant Financial Corporation, and Robert A. Morris at the U. S. District Court for the Middle District of Florida.

Liquidation meeting scheduled for fraudulent Privilege Wealth Plc

The directors of British firm Privilege Wealth Plc, which was exposed as a fraud by OffshoreAlert nearly 15 months ago, have convened a creditors' meeting for January 12th to consider a resolution to wind-up the company and appoint a liquidator.
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