Belvedere: WSJ exposes Cosgrove link to US’s most wanted financial criminal
Belvedere kingpins, South African-based Cobus Kellermann and David Cosgrove have received another big smack with an expose’ in today’s Wall Street Journal.
Belvedere kingpins, South African-based Cobus Kellermann and David Cosgrove have received another big smack with an expose’ in today’s Wall Street Journal.
More on the Belvedere scandal in today’s newsletter by Alec Hogg.
The FSB confirms that it is helping the offshore authorities in their investigations and has been engaging with Kellermann.
Alec Hogg responds to an email, which questions how ponzi schemers manage to get their hands on the money.
Something remarkable happened yesterday when alleged Ponzi Kingpins Cobus Kellermann and David Cosgrove made me an offer I couldn’t refuse. For only the second time in 35 years in this business, I was invited to fire any question I like at them.
Biznews community member recounts his personal experience as a DeVere Group investor: “99% of the value of my investment has been lost in dodgy investments”
Cosgrove attacks the OffshoreAlert article which describes Belvedere as a “massive criminal enterprise”. Here is Cosgrove’s letter and response Marchant.
The Belvedere Ponzi scheme grabbed Alec’s attention yesterday – but in an unimaginable way. Biznews.com became the subject of a cyber attack that made it virtually impossible to get into the back end.
DeVere’s army of commission-only salesmen could well deliver the inflows to get Belvedere to its massive scale. If so, why did it help bring the Ponzi down?
My bet is Kellermann’s on his way to Mauritius where his business partner and the scam’s other kingpin, David Cosgrove, operated the Belvedere Ponzi scheme.