IYE Global
Dept 5083
196 High Road, Wood Green
London N22 8HH
United Kingdom
BFL Global Law
50a rue de Mamer
L-8280 Kehlen
Luxembourg
Dept 5083
196 High Road, Wood Green
London N22 8HH
United Kingdom
BFL Global Law
50a rue de Mamer
L-8280 Kehlen
Luxembourg
Our website uses cookies. By continuing to browse our site, you are agreeing to our use of cookies.
AcceptHide notificationSettingsWe may request cookies to be set on your device. We use cookies to let us know when you visit our website and how you interact with us, to enrich your user experience, and to customise browsing experience.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
Because these cookies are strictly necessary to deliver the website, refusing them will impact how our site functions. You can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.
We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that reason. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.
Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.
These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customise our website for you in order to enhance your experience.
If you do not want us to track your visit to our site you can disable tracking in your browser here:
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Google reCaptcha Settings:
Vimeo and Youtube video embeds:
You can read about our cookies and privacy settings in detail on our Privacy Policy Page.
Privacy Policy
Fraud, football and mental health
in Press Releases/by IYE GlobalWe have covered a few fraud cases in the IYE Global blog posts and also covered the targeting of professional sportsmen and women by fraudsters as they are seen as cash rich.
One area we have not yet covered is the devastating impact this can have on the mental health of the victims. This can range from simple embarrassment through to suicide. We know of cases where people have lost their homes, their families and have been forced into bankruptcy.
Read more
The murky world of Beaufort Securities
in Press Releases/by IYE GlobalThe Times today reports further details of the picture emerging of the Beaufort Securities scandal.
As they report, as City scandals go, the collapse of Beaufort Securities was a humdinger. Having been shut down by the financial conduct authority in March 2018, it was reported just hours later the London-based stockbroker was under criminal indictment in the United States over allegations of money laundering and securities fraud.
The FBI is now five months into their investigation and the American prosecutors have secured their first guilty plea from one of six people charged in relation to the Beaufort scandal, as well as extraditing a British financier from Hungary to New York to face trial.
Read more
Are your investments and pension safe?
in Press Releases/by IYE GlobalA very good article in This is Money yesterday highlighted something we come across at IYE Global a lot. Most investors are aware that if they stay below the Financial Services Compensation Scheme threshold – currently £85,000 per bank – their savings are protected.
But what about other investments, indeed, what about your pension which can be a far greater figure and significantly more important for retirement?
The FSCS limit for investments is £50,000 per firm you invest with. An important note here, this doesn’t cover you if the value of your shares or funds falls, but for such things as bad advice, mis-selling and maladministration.
The Financial Conduct Authority’s recent report into investment platforms revealed that out of their average investable assets of £260,000, the average customer held £91,000 on a platform.
Read more
Losses of £106.5 million. FSCS payout £55.6 million
in Press Releases/by IYE GlobalTailorMade Independent (TMI) was an unregulated company based in Cheshire and run by Alistair Burns who was fined and banned by the Financial Conduct Authority back in December 2016 for failure to provide suitable advice to clients and for failing to ensure effective management of conflicts of interest.
As of 25 April 2018, the Financial Services Compensation Scheme received and accepted 1,371 claims against TMI, with compensation totalling over £55.6 million. However, because of the £50,000 compensation limit, the FSCS was unable to cover all the losses, which totalled over £106.5 million.
Read more
How a Ponzi scheme works
in Press Releases/by IYE GlobalAt IYE Global we investigate a number of potential investments that would fall into the realm of a Ponzi scheme. In all cases, we report our findings to the relevant lawful authorities for criminal investigation and prosecution but what exactly is a Ponzi scheme and how do these schemes work?
Read more
Another £14.5 million PONZI
in Press Releases/by IYE GlobalAnother day, another PONZI scheme
Freddy David the Managing Director of the now-defunct HBFS Wealth Management swindled his clients out of £14.5 million to fund his gambling addiction, as well as paying for his children’s school fees and exotic family holidays.
Freddy a financial adviser took the money from 55 people, many of whom were friends, in the Jewish community, some of who are now left destitute. Sums between £20,000 and £750,000 were individually invested.
Read more
Ronaldo – Tax Case
in Press Releases/by IYE GlobalThe 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.
Read more
Contract Fraud
in Press Releases/by IYE GlobalIYE 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.
Read more
When is a website not a website?
in Press Releases/by IYE GlobalWhen 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.
Read more
Bad Brokers or Advisers
in Press Releases/by IYE GlobalThe 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.
Read more