Straffan Asset Management

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.

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.

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’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.

Belvedere’s Brighton SPC taken over by Cayman regulator

June 2, 2015

Belvedere Management Group fund vehicle Brighton SPC, which was exposed as a fraud by OffshoreAlert 11 weeks ago, has been taken over by the Cayman Islands Monetary Authority following the completion of a "forensic examination" by the regulator.

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.