Offbeat Moscow Financier Goes AWOL as Global Clients Hunt for Millions

14:06  14 june  2018
14:06  14 june  2018 Source:   bloomberg.com

Kareem Hunt accused of punching man in face at resort

  Kareem Hunt accused of punching man in face at resort For the second time this offseason, Kansas City Chiefs running back Kareem Hunt is making headlines for the wrong reasons. TMZ reports that Hunt was involved in an alleged physical altercation with a man at the Bay Lodging Resort in Put-in-Bay, Ohio, over the weekend. Hunt had reportedly been partying at the resort all weekend and got into a verbal confrontation with a man on Sunday morning, and the alleged victim told TMZ Hunt punched him in the face.The man says he was not seriously injured and did not seek medical attention, and Hunt was not arrested. The alleged victim says he is not planning to press charges.

Moscow Financier Goes AWOL as Global Clients Hunt for Millions . In FX, the DXY index and Dollar overall has settled lower after some volatile moves in wake of the FOMC and despite an upgrade to dot plot rate projections from 1 more hike this year to 2

Warning! Wobko.net has expired. If this is your domain name you must renew it immediately before it is deleted and permanently removed from your account. To renew this domain name visit http://www.NameBright.com.

Visitors walk along the 'floating bridge' in Zaryadye park during sunset to view the Kremlin towers in Moscow, Russia.: Moscow Financier Goes AWOL as Global Clients Hunt for Millions © Bloomberg Moscow Financier Goes AWOL as Global Clients Hunt for Millions It was an unseasonably warm December evening in the Russian capital and spirits were high inside Sixty, a restaurant atop a skyscraper overlooking the Moscow River where vintage Krug pops at $1,000 a bottle.

Employees of the GL network of companies were cheering as their boss, German Lillevyali, showered them with golden Oscar replicas, 10,000-euro debit cards to shop in Milan and, for his very best performer, a $70,000 car.

Six months on, there’s nothing left to celebrate.

Lillevyali, a serial entrepreneur who’s dabbled in everything from vodka to health care, has left Russia , the money-raising hub of his GL Financial Group, a Swiss- and U.K.-licensed asset manager with affiliates in Moscow, Zurich, Geneva, London, Cyprus and Belize.

Funeral home owner admits stealing nearly $300,000 from clients

  Funeral home owner admits stealing nearly $300,000 from clients A Pennsylvania funeral home owner has admitted stealing nearly $300,000 from dozens of clients who prepaid for their funerals.David Faust pleaded guilty Wednesday to numerous charges, including theft, forgery and illegally collecting Social Security disability benefits. He faces up to 71 years when he's sentenced later this year.Authorities say that from April 1999 to July 2017, Faust stole $296,853 from 54 people who had paid in advance for funeral services. Those prepayments ranged from $400 to $14,460.

We are a custom tattooing establishment that also offers body piercing, jewelry, and aftercare supplies.

The distinction here is purely down to trade size; so even though I was trading millions of dollars at the height of my fund trading career, I was still considered a ‘tiny fish’ in the same pool as the retail clients trading their own micro-accounts.

The financier, who was managing at least $250 million of assets at the end of last year according to two former subordinates, seems to be in Cyprus. A Facebook message seeking to calm investors was posted under his name on April 20, purportedly from the island nation.

“I promise you the money is safe,” it said. “I will return it personally, there is nothing to worry about.”

That might have reassured European, U.S. and Asian clients trying to get their money back as GL workers quit, offices closed and phone lines went dead. Except Lillevyali says the Facebook post from Cyprus was fake, deepening the mystery of their missing millions. Disgruntled clients include an executive who works for billionaire Oleg Deripaska, top managers at Swiss drugmaker Novartis AG and San Francisco-based Levi Strauss & Co., and even a professional soccer goalie.

Russia's Putin would be ready to host G7 in Moscow

  Russia's Putin would be ready to host G7 in Moscow Russia did not choose to leave the G7 and would be happy to host its members in Moscow, President Vladimir Putin said on Sunday when asked about U.S. President Donald Trump's suggestion that Russia should have been at its latest meeting. Trump said on Friday that Russia should have attended a Group of Seven summit in Canada over the weekend, an idea that even Moscow seemed to reject saying it was focused on other formats. Russia was pushed out of the then G8 due to its annexation of Ukraine's Crimea four years ago."We did not (choose to) leave it, our colleagues refused to come to Russia due to known reasons at some point.

All of these contacts provide us with a very wide range of products and services that we can draw on to meet the specific needs of our clients . International Project Financier Bankers. Direct Private Project Finance Lenders and Deal Makers. Funding from Million USD to Billion USD Plus.

We act as the proactive mediator between Financier , Sales Agent and Buyer, throughout the Lindsey Hunt is the Managing Director of The Number Works Media Ltd and has worked within the Film & TV Market over a seventeen year span. Her clients have this to say of her collection achievements

This story of GL Financial’s unraveling, which is being scrutinized by regulators in Britain and Switzerland, has been pieced together from interviews with eight clients and former employees. They requested anonymity either because they don’t want to jeopardize efforts to retrieve their savings or because they fear for their physical safety.

Calls and messages to the numbers listed for GL Financial and related companies weren’t returned or went to voicemail. When Bloomberg reached Lillevyali himself via WhatsApp on Wednesday and Thursday, he declined to identify his current location three times, saying he’s not ready to play “the anti-hero.”

Lillevyali rejected any suggestion that he lost or is withholding client funds. He said the most he ever had under management was about $140 million and that about $35 million belonging to about 30 people is now frozen, mainly due to “compliance issues” related to sanctions. U.S. and European sanctions only apply to a few dozen Russians, none of whom are known clients. He said “a large number” of customers are getting repaid, though he didn’t name any.

North American trio beats Morocco to host 2026 World Cup

  North American trio beats Morocco to host 2026 World Cup North America will host the 2026 World Cup after FIFA voters overwhelmingly opted for the financial and logistical certainty of a United States-led bid over a risky Moroccan proposal for the first 48-team tournament.The soccer showpiece will return to the U.S. for the first time since 1994 after gaining 134 votes, while Morocco got 65 at the FIFA Congress in Moscow on Wednesday.The vote by football federations was public, in contrast to secrecy surrounding the ballot by FIFA's elected board members for the 2018 and 2022 hosts, Russia and Qatar, in 2010.The U.S.

We act as the proactive mediator between Financier , Sales Agent and Buyer, throughout the Lindsey Hunt is the Managing Director of The Number Works Media Ltd and has worked within the Film & TV Market over a seventeen year span. Her clients have this to say of her collection achievements

David B. Ford of Greenwich, Conn., last week paid million for the 1,471-acre property, according to court documents. When Goldman Sachs went public in 1999, Mr. Ford’s ownership share of 0.75 Mr. and Mrs. Prentiss had allowed the Warrenton Hunt to continue riding across North Wales.

“It’s like a bad movie,” said one customer angry at what he described as being stonewalled for months.

In an online interview last year, Lillevyali said he’d developed a “radically new approach” to investing that’s based on artificial intelligence, “complex algorithms” and “integrated processing.” The Swiss website of GL Asset Management, which expounded on this strategy, was taken down this month.

In his last confirmed Twitter post, on Feb. 9,  Lillevyali urged investors to study chess. He’s repeatedly boasted of having beaten former world chess champion Anatoly Karpov, one of the highest-rated grandmasters ever. Karpov’s assistant in Moscow said she couldn’t confirm or deny that claim.

What then-employees of GL said they didn’t know when they were partying on the 62nd floor of the Federation Tower in December was that months earlier Lillevyali had exited the ownership structure of his main Russian vehicle for attracting clients, Ankor Invest, regulatory filings show. Then in March, Russia’s central bank pulled Ankor’s license for “numerous” violations of securities law it didn’t identify.

Madoff trustee reaches $280 million accord with Merkin funds

  Madoff trustee reaches $280 million accord with Merkin funds Almost a decade after Bernard Madoff’s Ponzi scheme collapsed, the trustee unwinding his fraud struck another settlement with one of the con man’s earliest investors -- a $280 million deal with the hedge-fund operator and philanthropist J. Ezra Merkin. The accord, announced Wednesday, allows 65-year-old Merkin to avoid what would have been the first major trial in a lawsuit by the trustee since the unraveling of Madoff’s fraud in 2008 wiped out $17.5 billion in principal for thousands of investors.

On the go with iOS or Android devices. Global market access with maximum security and minimal latencies — experience a new level of quality in trading! info@exante.eu www.exante.eu. Address. Bol'shoy Savvinsky 11, Moscow , 119435, Russia.

As a significant financier , we provide service on various financing alternatives for listed companies, controlling shareholders of listed companies, and corporate clients acting for listed We serve our clients globally with global execution service in equities through our Hong Kong and London Offices.

Lillevyali, a dual citizen of Russia and Estonia, said Ankor’s main infraction was that most of the company’s assets were held outside Russia, mainly in Europe. The central bank gave Ankor until the end of this month to wind down operations.

Swiss financial watchdog Finma and Britain’s Financial Conduct Authority have asked at least one client who filed a complaint about GL to provide more information so they can investigate further, according to correspondences seen by Bloomberg. Finma and the FCA both declined to comment.

An American client who worked in Russia from 2014 to 2017 and is now based in Switzerland said Ankor’s demise came as a surprise because he’d seen steady returns of about 7 percent a year—at least on paper—since a relationship manager at the firm first reached out to him via LinkedIn in 2015.

Like other clients, he said he was impressed that GL’s web of affiliates seemed to have well-established operations in Switzerland. He said an executive in the Zurich office held a video conference with him and the firm’s representatives in Russia had Swiss mobile numbers and addresses on their business cards.

He invested $100,000 the first year then another $100,000 in each of the following two years, money he said he was saving for a house and his children’s education. The company was attentive and sent him annual gifts, first a bronze statue and then an expensive calligraphy set.

911 call from alleged Kareem Hunt assault released

  911 call from alleged Kareem Hunt assault released The 911 call in the wake of Kansas City Chiefs running back Kareem Hunt’s alleged February assault has gone public. TMZ Sports obtained audio of the call in which a 19-year-old woman accused Hunt of assaulting her in Cleveland.

Thus began Midnight Madness, a geeky, over-the-top scavenger hunt played by a group of Goldman’s New York City financiers and some of their friends with expenses totaling roughly 0,000 for a single evening of play. It raised .4 million for charity.

Soros: 'Everything that could go wrong has gone wrong'. Cites Hillary loss, Trump win, Brexit, new anti-internationalist fervor. Texas family sues U.S. for million over… The place we build our proud maritime tradition. In London today, anti-Semitism on full display.

After Ankor was blacklisted, he said a sympathetic employee in Moscow urged him to withdraw his funds, but he couldn’t get anyone from Zurich on the phone. When he finally got through, he said he was told his money was “stuck in the bank” and he hasn’t been able to reach anyone since.

A trip last week to GL Asset Management’s address in Zurich, No. 57 Stockerstrasse, led to a workspace devoid of furniture and a mailbox overflowing with letters. The Geneva office turned out to be a “GL” label stuck on the inbox of an accountant who said he worked on GL accounts remotely and declined to elaborate.

In Moscow, GL Finance, a new firm that Ankor’s old Russian clients were advised to wire their funds to, is located in a luxury mall above Brioni and Max Mara boutiques. A security guard downstairs opened a log book showing that a handful of workers were still signing in and out, but a woman who answered the phone said nobody from senior management would be around to comment.

A disgruntled German client said GL’s veneer of Swiss respectability won him over, too. After a broker he trusted recommended the firm in late 2016, he decided to invest an initial $250,000. He balked when he was told his money would be routed to Belize, but went ahead after receiving a letter signed by Lillevyali himself reiterating that he’d be able to withdraw his funds at will.

By last December, as Lillevyali was preparing for his party at Sixty, the German client said an account manager in Zurich urged him to redeem his funds because things were starting to look “shaky.” When he tried, he said he was told there’d be a delay due to his U.S. citizenship, which he doesn’t have.

Messi misses penalty, Iceland holds Argentina to 1-1 draw

  Messi misses penalty, Iceland holds Argentina to 1-1 draw <p>Lionel Messi had a penalty kick saved and Iceland held on for a 1-1 draw against Argentina at the World Cup on Saturday.</p>Messi failed to give his team the lead when his 64th-minute penalty was stopped by Hannes Halldorsson. The Iceland goalkeeper dived to his right and got two hands behind the ball.

We act as the proactive mediator between Financier , Sales Agent and Buyer, throughout the Lindsey Hunt is the Managing Director of The Number Works Media Ltd and has worked within the Film & TV Market over a seventeen year span. Her clients have this to say of her collection achievements

The RCMP has filed fraud charges against a Toronto Islamic financier who went missing after he allegedly pocketed .3- million in The deal was that UM Financial would help clients buy their homes and be repaid monthly – including Related. On the hunt for Islamic financier 's missing gold.

Months later, he said he got an email from the Belize affiliate, Financial Alliance Ltd., saying his money would be wired within 15 days. He’s still waiting. A Dutchman seeking to reclaim $500,000 told a similar tale.

The “Swissness” Lillevyali promoted was the key to the whole operation, according to Dmitry Pronyushkin, a client who’s suing Ankor Invest in Moscow. He’s set up a website to warn people away from any attempts by Lillevyali or his associates to raise new funds.

“They had the facade of a decent company, the Swiss offices, that’s why so many decent people believed them,” he said.

A woman who answered Ankor’s phone on Wednesday said the company is aware of the lawsuit. When asked if Ankor is still operating despite being decertified by the central bank, she said, ‘Yes. Who cares if we don’t have a license. We do have clients.” Then she hung up.

As the hunt for Lillevyali continues and his stranded clients pursue legal action across Europe—investors have filed criminal complaints in Russia and Switzerland—other companies founded by the investor appear to be suffering as well.

GL Med, an anti-aging clinic in Moscow that charges a reported $50,000 for year-round treatments, is now dark and empty. A man who answered the front door, which is protected by a designer gate adorned with gold-plated G and L handles, said the clinic was experiencing “temporary difficulties.”

Lillevyali  said GL Med is looking for ``a new partnership’’ to stay afloat.

--With assistance from Mara Bernath and Georgios Georgiou.

To contact the authors of this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net Hugo Miller in Geneva at hugomiller@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

©2018 Bloomberg L.P.

Ronaldo scores in Portugal's 1-0 win as Morocco is eliminated .
<p>Cristiano Ronaldo made European soccer history by scoring in Portugal's 1-0 win over Morocco on Wednesday, a result that makes the North African team the first to be eliminated from the World Cup.</p>Ronaldo's header in the fourth minute was his fourth goal at this year's tournament, and his 85th for his country. That put him ahead of Hungary great Ferenc Puskas and alone in second place worldwide behind Ali Daei's 109 goals for Iran.

—   Share news in the SOC. Networks
This is interesting!