KYC NEWS INC.
MIAMI, FLORIDA

The International Consortium of Investigative Journalists has agreed to speak about its massive leak-driven 'Paradise Papers' investigation into Appleby law firm and its clients at The OffshoreAlert London Conference on November 13-14. of the investigation were unveiled today by the ICIJ and nearly 100 of its media partners around the world with the coordinated release of blockbuster articles that shed more light on how the worlds of big business and politics really work and how they often collide. Bermuda law firm Trott & Duncan sued for $18M by US insurer client Bermuda law firm Trott & Duncan is being sued for damages that could total more than $18 million by a client, Florida-based Fidelity National Title Insurance Company, which alleges negligence regarding the legal advice it received concerning a property development that collapsed in suspicious circumstances. Bermuda law firm Trott & Duncan sued for $18M by US insurer client Bermuda law firm Trott & Duncan is being sued for damages that could total more than $18 million by a client, Florida-based Fidelity National Title Insurance Company, which alleges negligence regarding the legal advice it received concerning a property development that collapsed in suspicious circumstances. five days earlier from the financial regulator in Guernsey, where Mauritius-based Belvedere had just a few of its dozens of companies, to various parties in Guernsey and South Africa that ended with: "The Commission has now taken the decision that these proceedings are at an end and that no further action will be taken in connection with those matters contained within the Enforcement Division's report." The regulator didn't explain its decision but it might have been for no other reason than it was not prepared to continue with the expense of pursuing individuals who live outside the jurisdiction when it had already closed down Belvedere's operations in Guernsey, as well as its local corporate services provider, Lumiere Fund Services. Indeed, Guernsey Police subsequently criminally charged Lumiere's boss with a fraud unrelated to Belvedere and arrested several others, including one of the recipients of its Belvedere letter.  • "Mr Cosgrove in his actions does not appear to have displayed all of the attributes required of a director of a licensee to be fit and proper and has not even responded to the Commission's letter relating to proposed dates for an interview."; and Meanwhile, in Mauritius, where Belvedere was headquartered and most of its companies domiciled, the Mauritius Financial Services Commission disqualified the following Belvedere officers and directors from holding corporate office: David Cosgrove, Francess Henriette Marie Michelle, Laval Law, Kenneth Maillard, and Rajindersingh Borthosow, and closed down the following Belvedere companies: Belvedere Management Limited, Belvedere Fiduciary Ltd., Belvedere Fund Manager Limited, RDL Management Ltd., CityGate Securities Limited, Lancelot Global PCC, The Four Elements PCC, Two Seasons PCC, Rejuvenation PCC Limited, Theseus Property Fund Ltd., and Venture Assets PCC. Indeed, Cayman company manager produced sham share register to protect client with huge debts in U.S. ', OffshoreAlert tells the sorry tale of Cayman Islands attorney Michael Alberga and his firm's breathtakingly brazen attempts to conceal information from us about a client who was fleeing scandal and substantial debts in the U.S. At the outset, I want to emphasize that this is not a Cayman Islands problem, at least not yet, or even an offshore problem. It is a Michael Alberga problem and a Travers Thorp Alberga law firm problem. I've been requesting copies of share registers in offshore jurisdictions since 1990 and I have seldom encountered even minor problems. On the odd occasion that I was denied a register, it was because a company acted as its own registered agent and did not understand the law, which is easily understandable. Once they realized they had no legal alternative, the document was soon produced. As the owner and operator of a licensed Company Manager, Alberga does not have the excuse of ignorance. It is implausible that, as a professional registered agent and a self-proclaimed specialist in "regulatory" law, he wouldn't know something as basic that a register of members must contain the names of all shareholders, past and present, and that registers for companies conducting business locally must be made available to the public each and every business day. KYC News, Inc., d.b.a. OffshoreAlert, was incorporated in Florida, USA on November 21, 1996 and is headquartered in Miami. OffshoreAlert specializes in reporting about Offshore Financial Centers, with an emphasis on fraud investigations, and also holds an annual conference about OFCs, focusing on products and services, tax and political issues, compliance, money laundering, fraud, asset recovery and investigations. The company is 100%-owned and managed by David Marchant, a United Kingdom national who has been a journalist since 1984, working in the UK, Bermuda and the USA. Marchant and/or OffshoreAlert are generally considered to be leading authorities on OFCs and serious financial crime. They are routinely quoted or referenced by news organizations around the world, including The Wall Street Journal, Los Angeles Times, The Washington Post, USA Today, The Miami Herald, Vancouver Sun, The Economist, BusinessWeek, CBS News, BBC Radio, Bloomberg Television, United Press International and many more. We have also been referenced in non-fiction books such as 'The Sink: Crime, Terror, and Dirty Money in the Offshore World', by Jeffrey Robinson, in 2003 and 'Crime School: Money Laundering: True Crime Meets the World of Business and Finance', by Chris Mathers, in 2004 and in Government reports such as 'Correspondent Banking: A Gateway For Money Laundering' by the U. S. Senate Permanent Subcommittee on Investigations in 2001. Marchant also wrote the 'Money Laundering' chapter of a textbook for financial journalists called 'Covering Globalization: A Handbook for Reporters', which was published by Columbia University Press, in New York, in 2004.