Response 6 months ago

Responded publication image

Mayfair 101 transfers investors' asset to British Virgin Islands, court hears

Supreme court told that shares owned by investors were moved to a BVI firm controlled by Mayfair founder James Mawhinney

May 29, 2020

  • snippet
    The Guardian

    Mayfair 101 transfers investors' asset to British Virgin Islands, court hears

    Mayfair 101
    Mayfair 101

    This statement is false and the settlement proves it. The information memorandum clearly specified the fund only made loans, therefore the assets in question were never assets of the fund.

    Misleading
    Defamatory
    Mistaken
  • snippet
    The Guardian

    the fund had never “held direct interests in the underlying assets owned by the Mayfair 101 group”.

    Mayfair 101
    Mayfair 101

    We have been saying this for 4-years. The offer document makes this very clear. The trustee should have told the court this but they didn't and yet they issued the document. It seems IPO Wealth's...

    Accurate
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    snippet
    The Guardian

    also heard allegations from an investor that the Mayfair 101 fund that held the Accloud stake, IPO Wealth, was a Ponzi scheme

    Mayfair 101
    Mayfair 101

    This allegation was made by a so-called forensic accountant, Robert Storai. Mr Storai cannot be a very good forensic accountant as a Ponzi scheme has no assets, it is operated with dishonest...

    False
    Defamatory
    Mistaken