PGFin.A huge thankyou for posting that link. A real heads-up.ITS...

PGFin.A huge thankyou for posting that link. A real heads-up.ITS A MUST READ FOR ALL INVESTORS.

Well, there’s a reason that Cosgrove and Kellermann chose Mauritius as a base.  This group has been around since at least 2008.  I’m sure Mauritius was chosen because you could more or less do whatever you wanted to do.  Notwithstanding that, the Mauritius Financial Services Commission did suspend a couple of funds last October and within days of the OffshoreAlert exposé, revoked the business licenses of the same two companies.  Look, it’s a small country with limited expertise.  I’m not sure that it’s the most honest country in the world from what my research indicates, and it was chosen for a reason but there are many jurisdictions similar to that.  What’s remarkable about this is that the Kijani Commodity Fund, which is a $130m Ponzi scheme (a small component in this); after it was essentially shut down in Mauritius, it found a home in the Cayman Islands, which is amazing because the Cayman Islands is a sophisticated, well-run jurisdiction.  They really dropped the ball on this one.  It’s quite surprising that something too fraudulent for Mauritius would be allowed into Cayman.