David Dawson Cosgrove (born April 1960) is an Irish businessman whose Belvedere Management group claimed to have $16 billion of assets under administration. In 2016 he was barred from serving as an officer of any company regulated by the Mauritius Financial Services Commission (FSC) for a period of 5 years and the funds he managed were liquidated.[1]
David Dawson Cosgrove | |
|---|---|
| Born | David Dawson Cosgrove April 1960 |
| Nationality | Irish |
| Occupation | Businessman |
| Known for | Belvedere Management group |
Belvedere Management
editCosgrove was the founder of the Belvedere Management group which claimed to have $16 billion of assets under administration.[2] The group reportedly ran125 hedge funds and has numerous subsidiaries active in fund administration, life insurance, stock broking, and investment management.[3]
Other company appointments
editAccording to the listing document produced when Fulhold Pharma plc applied to have its shares admitted to the GXG Market in Denmark, as of 1 July 2014 Cosgrove was a director of over 70 companies located in Mauritius, Guernsey, Switzerland, Jersey, Seychelles, British Virgin Islands, Gibraltar, the Cayman Islands and the United Kingdom.[4]
Residence
editCosgrove worked from Mauritius where he managed the business of Belvedere, but also had a home in South Africa where he also lived and where much of the firm's business was done.[5]
See also
editReferences
edit- ^ Cairns, Patrick (9 September 2016). "Mauritius FSC takes action against Belvedere Management and David Cosgrove". Moneyweb. Retrieved 10 March 2017.
- ^ EXPOSED: Belvedere Management's massive criminal enterprise. David Marchant, OffshoreAlert, 17 March 2015. Retrieved 25 March 2015.
- ^ CWMFX’s Parent Group Linked to Massive Offshore Ponzi Scheme, Researcher Says. Archived 2015-04-02 at the Wayback Machine Victor Golovtchenko, Forex Magnates, 24 March 2015. Retrieved 25 March 2015.
- ^ FULHOLD PHARMA PLC PLACING AND ADMISSION TO TRADING ON THE GXG MAIN QUOTE. Curzon Corporate Finance Ltd, May 2015. Retrieved 9 June 2015. Archived here.
- ^ Belvedere Ponzi: The other kingpin – David Cosgrove. Alec Hogg, BizNews.com, 25 March 2015. Retrieved 25 March 2015.