One of the world’s largest independent financial advisory organizations today revealed it helped a U.S. based investigative financial news service expose what could be one of the world’s biggest-ever frauds in order to protect investors and try to recover assets.
deVere Group confirmed it provided evidence of wrongdoing to Miami-based OffshoreAlert, run and managed by investigative journalist David Marchant, to highlight the alleged shady dealings of Mauritius-based Belvedere Management Group.
OffshoreAlert describes Belvedere as “an essentially criminal enterprise” saying it has evidence of “funds that are blatantly fraudulent, including a current $130 million Ponzi scheme in Cayman” and “Funds that simply disappear or fail in dubious circumstances, including the £400 million Harlequin Property Fund that has been unraveling over the last...
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