Press Releases

Ronaldo – Tax Case

The recent Ronaldo tax case is a very interesting study. There is no question Ronaldo was acting on the advice of his professional advisors, yet he, not his advisors is the one left with a criminal conviction, a two-year suspended jail sentence and a payment for €18.9 million (£16.8 million) to settle his tax fraud case with Spanish authorities.

Ronaldo was accused last year of not paying €14.8 million in taxes between 2011 and 2014 using a shell company in the British Virgin Islands to disguise income earned on his image rights.

Ronaldo was shown to have benefited from a British Virgin Islands (BVI) company.

This was used to receive image royalties, prior to his becoming resident in Spain, allowing him to avoid income tax on foreign income.

Contract Fraud

in Press Releases/by IYE Global

IYE Global’s legal team is based in Monaco. They have considerable experience of English and EU commercial law. A recent IYE Global case involved a UK transport company being contacted by a company from the USA. They claimed they were looking to expand their operation from the USA into the UK and EU and were looking for a ‘partner’ company to help them.

When is a website not a website?

in Press Releases/by IYE Global

When it’s a clone

One of our clients recently asked us to investigate an investment they were considering. Within moments we knew something was wrong as the website our client had first looked at for the ‘offer’ looked wrong. A little digging later and we realised there were literally thousands of similarly cloned websites.

Bad Brokers or Advisers

in Press Releases/by IYE Global

The Wall Street Journal published an article in May about a financial adviser in Beverly Hills, California named Ray Kay who had promoted via Radio advertising a supposedly high-yield, low-risk investment. Unfortunately, the company behind the investment is now in bankruptcy and is being investigated as a Ponzi Scheme. Mr Kay himself, it turns out, was “barred from the securities industry for allegedly running a fraud, and later fined $5,000 for breaking that ban.” The challenge for investors, however, was that when he was prosecuted for those offences he was known as Raymond. L Kotrozo. Changing names is a common tactic employed by fraudsters.

The Ponzi Scheme

in Press Releases/by IYE Global

Background on Ponzi Schemes

Ponzi schemes can be complex, even when they operate on a relatively small scale. They can be run by a single person or group & to keep the scam going, those behind the plan convince numerous victims that they’re investing in a legitimate fund that promises great returns. Then the scam artists take money from new “investors” and use it to pay off existing investors. But for the scam to truly work for everyone’s benefit, the orchestrators would need access to an infinite supply of new victims.

Boiler Room Scams

in Press Releases/by IYE Global

Despite success by the Financial Conduct Authority and Police in prosecuting Boiler room operations, the fact that such easy money can be made from these criminal acts means this type of scam is on the increase.

The scams work by presenting clients with shares or bonds, which are in fact worthless. The initial approach can be a cold-call, or it could be via advertising in newspapers, magazines or on social media, direct letters, or even seminars where an offer is made to buy or sell shares or bonds for a significant return.

These scams work well with even seasoned investors being caught out. The police recently recorded one individual who lost £6 million from such a scam. As ever, the devastation left behind for those caught out can be dreadful.

Secret Investment Clubs

in Press Releases/by IYE Global

The curse of the ‘secret investment’ clubs

The IYE Global Investigators are highly experienced and long in the tooth. There’s not much in a lifetime of investigating criminal fraud that they haven’t come across. A perennial theme and one that causes untold hardship for its victims and their families are the con artists favourite, the ‘secret investment’.

Jail Time

in Press Releases/by IYE Global

Jail Time

At IYE Global we always tell our clients that in any investigation we undertake, wherever and whenever we find evidence of criminality it is immediately reported to the relevant lawful authorities. One of our most recent cases resulted in arrests being made in both South and North America. In both cases, the individuals were working for banks.

Bad Advice

in Press Releases/by IYE Global

If you are involved at the highest level of professional sport the chances are you’ll be earning good money, in a few cases, substantial money and that makes you a target. It’s always simple with hindsight and it’s easy to be critical but if you’re inexperienced in financial matters and often very young, you are prey to unscrupulous individuals who are far more interested in what they can earn from you than they are in looking out for your best interests.

IYE Global

Fake Investment Opportunities

in Press Releases/by IYE Global

IYE Global is currently working with several clients who were convinced by slick marketing and even slicker sales techniques to invest in what seemed to be genuine, but turned out to be fake investment opportunities.

Ronaldo – Tax Case

Contract Fraud

When is a website not a website?

Bad Brokers or Advisers

The Ponzi Scheme

Background on Ponzi Schemes

Boiler Room Scams

Secret Investment Clubs

Jail Time

Bad Advice

Fake Investment Opportunities

IYE Global

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