Privilege Wealth

Privilege Wealth fraud promoter Anafin Capital applies to be struck off

December 7, 2017

Anafin Capital Limited, which OffshoreAlert understands raised approximately $10 million for investment in a fraud known as Privilege Wealth and is, therefore, at risk of being sued by aggrieved clients, has applied to be voluntarily struck off the companies register in Britain.

Last director of Privilege Wealth spin-off Creditech Plc resigns

October 6, 2017

The last remaining director of British firm Creditech Plc has quit, seemingly signaling the end of a firm that was attempting to continue an investment fraud that began as Privilege Wealth. Since being approached by OffshoreAlert less than a month ago, Creditech's entire board and its secretary have all resigned.

Privilege Wealth Plc appears to be under criminal investigation

October 5, 2017

British firm Privilege Wealth Plc, which was exposed as a fraud by OffshoreAlert last October, appears to be under criminal investigation in the United Kingdom.

Key firm in Privilege Wealth & Creditech frauds is dissolved in Florida

September 25, 2017

Fintech Software Development Group Inc., which formed the centerpiece of two fraudulent investment schemes exposed by OffshoreAlert, has been dissolved by the Florida Division of Corporations for failing to file its annual report.

Malta’s Argentarius Group kicked off Gibraltar Stock Exchange

September 21, 2017

Argentarius Group, which operates investment platforms in Malta, Gibraltar and the Cayman Islands on which several suspect schemes have been trying to raise funds, has been kicked off the Gibraltar Stock Exchange.

‘I’ve never committed a fraud in my life,’ writes banned company director Brett Jolly

September 18, 2017

Letter to the Editor from Brett Jolly blaming others for the problems with the investment scheme known as 'Privilege Wealth' and accusing them of theft.

Brett Jolly rolls Privilege Wealth investment scam into ‘Creditech’

September 14, 2017

Banned company director and serial fraudster Brett Jolly has resurrected his failed Privilege Wealth investment scheme under a new name - Creditech - using as fronts two well-connected British nationals who quickly resigned after being contacted by OffshoreAlert, we can reveal.

Guernsey insurer of Privilege Wealth investors’ capital loses license

August 23, 2017

In ominous news for investors in Privilege Wealth's insolvent $40 million investment scheme, the company they were told was insuring their principal - Affinity Insurance PCC Limited - has lost its insurance license in Guernsey.

Andrew Sweeney sets up three new firms after leaving Privilege Wealth scam

August 17, 2017

British investment salesman Andrew Sweeney has set up three new firms - Investabl Limited, International Portfolio Services Ltd., and Preston Invest Ltd. - after leaving his role as Group Sales and Marketing Director of Privilege Wealth, which specialized in swindling pensioners out of their retirements before collapsing after being exposed by OffshoreAlert.

Privilege Wealth’s Brett Jolly banned as company director in UK for prior fraud

August 3, 2017

Spain-based, British fraudster Brett Jolly, who is secretly behind the recently-collapsed Privilege Wealth investment scam, has been banned from serving as a company director in the United Kingdom for a prior fraud involving Anglo-Capital Partners Ltd.

Concord Equity Group Ltd. v. Oliphant Financial Group, LLC et al: First Amended Complaint

July 26, 2017

First Amended Complaint in Concord Equity Group Limited v. Oliphant Financial Group, LLC and Oliphant Financial, LLC at the Circuit Court of the Twelfth Judicial Circuit, in and for Sarasota County, Florida.

Privilege Wealth Plc: Compulsory Strike-Off Notice

July 25, 2017

First Gazette Notice for Compulsory Strike-Off of Privilege Wealth Plc at Companies House for England and Wales.

Companies House starts ‘Compulsory Strike Off’ action against Privilege Wealth Plc

July 20, 2017

Britain's Companies House has started the process of compulsorily striking off Privilege Wealth Plc, which was exposed as a fraud by OffshoreAlert nine months ago.

Concord Equity Group Ltd. v. Oliphant Financial Group, LLC et al: Complaint

June 28, 2017

Complaint in Concord Equity Group Limited v. Oliphant Financial Group, LLC and Oliphant Financial, LLC at the Circuit Court of the Twelfth Judicial Circuit, in and for Sarasota County, Florida.

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.

Privilege Wealth Plc misses filing deadline for first annual accounts

April 13, 2017

Privilege Wealth Plc, the British arm of the fraudulently-operated Privilege Wealth investment group, has missed a deadline to file its first annual accounts - the latest setback to worry investors who are believed to have invested more than $40 million.

Privilege Wealth websites go down as chaotic collapse continues

April 5, 2017

The two main websites for Privilege Wealth's fraudulent investment scheme have gone off-line as the Marbella, Spain-based group continues to collapse in chaos. The group is threatening to bring a "class action" against OffshoreAlert, which it says is "100% liable" for investors' losses, which an insider estimated to be more than $40 million.

Privilege Wealth suspends redemptions amid shooting & ‘$40m deficit’

March 31, 2017

Five months after being exposed as a fraud by OffshoreAlert, the Privilege Wealth investment scheme has collapsed, with an insider claiming there is a deficit of more than $40 million. Redemptions to investors have been suspended, Privilege Wealth's main office - a call center in Panama - has closed after the attempted murder of its boss - a fraud fugitive in Spain - and unpaid payroll and the group's registered agent in Gibraltar has resigned.

Gibraltar judge orders Privilege Wealth to produce records

March 23, 2017

A Gibraltar judge has ordered an inspection of the books and records of a limited partnership that underpins the Privilege Wealth investment group, which was exposed as a fraudulent enterprise by OffshoreAlert five months ago. The order was issued after Privilege Wealth allegedly ignored a request for inspection from one of its limited partners.

Anafin Capital Ltd. v. Privilege Wealth Management Ltd. et al: Order

March 17, 2017

Order in Anafin Capital Limited v. Privilege Wealth Management Limited and Privilege Wealth One Limited Partnership at the Supreme Court of Gibraltar.

Privilege Wealth Plc v. David Marchant: Default Judgment

March 9, 2017

Default Judgment in Privilege Wealth Plc v. David Marchant at London High Court.

Anafin Capital Ltd. v. Privilege Wealth Management Ltd. et al: Claim Form

February 8, 2017

Claim Form in Anafin Capital Limited v. Privilege Wealth Management Limited and Privilege Wealth One Limited Partnership at the Supreme Court of Gibraltar.

Privilege Wealth Plc v. David Marchant: Libel Complaint

November 15, 2016

Libel Complaint in Privilege Wealth Plc v. David Marchant at London High Court.

‘Retract, clarify or we sue,’ writes Privilege Wealth’s Florida attorney

November 8, 2016

Letter to the Editor from Florida-based attorney Bradley Shraiberg, on behalf of Privilege Wealth Plc, threatening to sue OffshoreAlert if we did not publish a "retraction or clarification" of an exposé of his client.

HELIX Investment: ‘Privilege Wealth intends to sue OffshoreAlert’

November 2, 2016

Announcement on the Bermuda Stock Exchange by HELIX Investment Management SLP, of Luxembourg, that the group it raises funds for, Privilege Wealth, intends to sue OffshoreAlert for defamation regarding an article exposing Privilege Wealth as a global investment fraud.

Privilege Wealth takes down websites after OffshoreAlert exposé (then brings them back up)

October 20, 2016

Within hours of OffshoreAlert's exposé of Privilege Wealth being published last night, the fraudulently-operated global investment group took their websites offline (before bringing them back online after the first version of this article was published). The group's main websites at www.pwplc.com, www.privilegewealthlp.com and www.privilegedirect.com were temporarily unavailable.

EXPOSED: ‘Privilege Wealth’ global investment fraud

October 19, 2016

Notorious British swindler Brett Jolly is secretly behind a global investment fraud being perpetrated under the name 'Privilege Wealth', OffshoreAlert can reveal. The scheme involves a sprawling web of companies and operators in Bermuda, BVI, Cayman Islands, Curacao, Dubai, Gibraltar, Guernsey, Jersey, Luxembourg, Panama, Seychelles, South Africa, Spain, UK, and USA.

Brett Jolly Acknowledges ‘Funding’ Privilege Wealth Scheme

April 8, 2015

Email exchanges between Brett Jolly and Frank Schaefer in April, 2015 in which Jolly acknowledged, inter alia, that he had "personally funded all set up expenses" for the Privilege Wealth investment scheme.

Privilege Wealth: ‘Founding Document’

July 2, 2013

Non-Circumvention & Non-Disclosure Agreement, described to OffshoreAlert by a source as the 'Founding Document' for the Privilege Wealth investment scheme, signed by Brett Jolly, on behalf of Jadestone Trust, Reversa Ltd. and Privilege Wealth One LP; George Leavey, individually; and Nicolas Greenstone, individually and on behalf of Barton Brown Limited.

Privilege Wealth: Non-Circumvention & Non-Disclosure Agreement (June 19, 2013)

June 19, 2013

Non-Circumvention & Non-Disclosure Agreement between Jadestone Trust, Reversa Ltd., and Privilege Wealth One LP, all represented by Brett Jolly; Martin Sampson, Pierre Maccow, Brixton Equity Fund, Hulzy SA, Vayomer Global Fund, Mount Sion Investment Holding & Ventures LLC, Pablo Abad Anderson, and Knighstbridge Finance Ltd.