Discovered to Date!!
What the Investigating Director David Mapley Uncovered...

Regarding the Fraud Facilitators

Sometimes financial entities expose a fund to fraud possibilities without being the direct beneficiary. Their actions create the opportunity for fraud, and then of course actively engage in cover up when the fraud is committed.

#1 - CSSF, the Luxembourg financial regulator

• Serge Eicher, involved in Columna in its early days with various strucural questions sent to the LFP I directors, was the CSSF supervisor of LFP I after July 2019 with total control of any expenses for lawyers etc...
• Eicher was accused by the LFP I directors of repeatedly obstructing criminal investigations into Columna and other defrauded Ponzi schemes. The CSSF rejected complaints made to them about him and his conflicted position.
• Eicher and the CSSF refused to pay US lawyers preparing a RICO (Racketeer Influenced and Corrupt Organization) criminal complaint in the USA against LFP I.
• The CSSF regulates Alter Domus Management and SocGen in its custodial roles - when requested by the investigating director Mapley to order them to hand over historic bank statements and historic investment documents, the CSSF refused to do so.
• The CSSF had lengthy correspondence with the former directors re Columna and other Ponzi scheme funds. When requested to provide copies of past correspondence, vital re criminal & civil cases against the former directors, especially the replies from former directors, the CSSF refused to do so.

#2 - Luxembourg Fund Partners, the fund manager

• Gave total control of the investment cash to Global Hill, with 3 YAS directors, hence losing any investment management ability.
• Despite ceding full investment management control to YAS, Luxembourg Fund Partners were contractually liable for all investments.
• Left any diversification until end of 3 years, despite 30% maximun CSSF regulations, when majority losses with Bizzarri were discovered.
• Failed to spot clear money laundering patters relating to Swiss Asset Manager cashflows.

#3 - LFP I Directors, Luc Leleux, Julien Renaux

• Columna Commodities, Aventor, Blackstar Commodities and subsequently Equity Power Fund were all identified as Ponzi schemes.
• Sister family of funds LFP Prime and Alliance were also subjected to multiple investment irregularities and possible frauds.
• The directors essentially ran an Organsised Financial Crime Group, warehousing fraudsters sponsoring intentional investment scams.

#4 - SocGen Luxembourg, Custodian bank to Columna March 2015 to September 2016

• SocGen took control of all LFP I bank accounts in late March 2015, yet failed to take control of Glopbal Hill bank accounts until March 2016, facilitating fraud.
• After SocGen resigned and served 3 months notice, it acted on 8 rapid US$ 1 million transfer instructions, sent to an unnamed bank official with a hand-written fax number!
• These payments made by SocGen were transferred to similar named companies in Slovakia, not approved counterparties in Switzerland, and all US$ 8.95 million was lost.
• To cover up its involvement in alleged fraud involving one of its banking officers, SocGen refused to provide copies of all bank statements to investigating director Mapley after he was elected director.

#5 - PWC Luxembourg & Hong Kong, Auditors.

• Failed to alert investors in any audit report to the clear conflict of interest of Apex as administrator yet also shareholder in the investment manager.
• Failed to identify that Swiss Asset Manager was not an authorised beneficiary of any approved investment loans.
• Failed to identify clear money-laundering of Swiss Asset Manager cash flows.
• Failed to identify that Swiss Asset Manager was never servicing investment loans, merely returning part of money from each new loan drawdown.
• Failed to identify that BStar share collateral was void, naming a different Global Hill entity and not Global Hill Corporation in Hong Kong.
• To cover up records of any audit failings, PWC refused to provide copies of all bank statements used in prior audits to investigating director Mapley after he was elected director.

#6 - Apex Fund Services Malta, the fund administrator

• Christophe Lentschat, managing director of Luxembourg Fund Partners from April 2013 to January 2016, is now a member of the Management Committee of Arendt Services.
• Christophe Lentschat was also on the ALFI Promotion & Conferences Committee in 2021, despite 3 Ponzi schemes and US$ 65 million of fund losses during his time at Luxembourg Fund Partners.

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