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USA v. John W. Ashe et al: Criminal Complaint

October 05, 2015 - Criminal Complaint in USA v. John W. Ashe, Francis Lorenzo, Ng Lap Seng, a.k.a. David Ng; Jeff C. Yin, a.k.a. Yin Chuan; Shiwei Yan, a.k.a. Sheri Yan; and Heidi Hong Piao, a.k.a. Heidi Park at the U. S. District Court for the Southern District of New York.

Frank McField v. Campbells et al: Writ of Summons

October 01, 2015 - Writ of Summons in Frank Swarres McField v. Campbells, Kirsten Houghton, Ross McDonough, RBC Royal Bank (Bahamas) Limited, RBC Royal Bank (Cayman) Limited, Clyde Allen, Sean Miniter, Woodward DaCosta, a.k.a. Woody DaCosta; and Strand Property Limited at the Grand Court of the Cayman Islands.

US indicts 7 for alleged $20 m fraud involving Bermuda 'reinsurer'

September 25, 2015 - Seven people have been criminally indicted in the United States for an alleged securities fraud involving purported reinsurer Gerova Financial Group - a former Cayman Islands firm that moved to Bermuda - that brought them nearly $20 million in profits.

SEC v. Jason W. Galanis et al: Complaint

September 24, 2015 - Complaint alleging fraud regarding Bermuda-based Gerova Financial Group, Ltd. in U. S. Securities and Exchange Commission SEC v. Jason W. Galanis, John P. Galanis, Jared M. Galanis, Derek M. Galanis, Gary T. Hirst, and Gavin L. Hamels at the U. S. District Court for the Southern District of New York.

Anguilla regulator suspends Drake Incubator PCC after OffshoreAlert exposé

September 23, 2015 - Anguilla-based mutual fund vehicle Drake Incubator PCC - which is controlled by BVI-based Drake Fund Advisors and the Osiris Group - has been suspended from providing any licensed services to its only sub-fund - GRRE Investment Fund - after OffshoreAlert exposed one of GRRE's directors, who is part of Belvedere Management Group's global criminal financial enterprise.

'Remove document in 72 hours or I sue,' writes Rewetiekoemar Kanhai

September 22, 2015 - Letter to the Editor from Rewetiekoemar S. Kanhai complaining about OffshoreAlert's publication of a request for judicial assistance in the USA by Aruba regarding a criminal investigation into suspected money laundering by Oro Cash NV.

Cayman hedge fund added as defendant to $100 m hacking lawsuit

September 22, 2015 - A Cayman Islands hedge fund - Copperstone Alpha Fund - and its manager have been added as defendants to a lawsuit by the U. S. Securities and Exchange Commission against a group that allegedly hacked newswire services and profited by more than $100 million in insider trading.

USA v. Jason Galanis et al: Indictment

September 21, 2015 - Criminal Indictment regarding Bermuda-based Gerova Financial Group, Ltd. in USA v. Jason Galanis, John Galanis, Jared Galanis, Gary Hirst, Derek Galanis, Ymer Shahini, and Gavin Hamels at the U. S. District Court for the Southern District of New York.

Two more Belvedere fund vehicles closed down by Mauritius regulator

September 20, 2015 - Two more Belvedere Management Group investment vehicles - The Two Seasons PCC and Venture Assets PCC - have been closed down by the Financial Services Commission in Mauritius.

Xena Investments Ltd. v. Washington Special Opportunity Fund, Inc.: Winding Up Petition

September 18, 2015 - Winding Up Petition in Xena Investments Limited v. Washington Special Opportunity Fund, Inc. at the Grand Court of the Cayman Islands.
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Nicolaas Faure & Drake Fund Advisors - An embarrassment to the BVI
David Marchant
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,