The Belvedere kingpins, South African-based Cobus Kellermann and David Cosgrove, have received another big smack with an exposé in today’s Wall Street Journal. It details close links between the duo’s Mauritius operation and the US’s most wanted financial criminal.
The newspaper today published an article exposing ties between Belvedere and jailed British-based trader Navinder Singh Sarao. The trader, who made at least $40m by using technology to distort markets and manipulate asset prices, is fighting extradition to the US. He is behind bars as the Americans have frozen Sarao’s global assets, making it impossible for him to meet £5m (R97m) bail set by the British courts.
According to the WSJ, Sarao has been connected to Belvedere since his fund was registered in Mauritius on 19 July 2010.
The newspaper today published an article exposing ties between Belvedere and jailed British-based trader Navinder Singh Sarao. The trader, who made at least $40m by using technology to distort markets and manipulate asset prices, is fighting extradition to the US. He is behind bars as the Americans have frozen Sarao’s global assets, making it impossible for him to meet £5m (R97m) bail set by the British courts.
According to the WSJ, Sarao has been connected to Belvedere since his fund was registered in Mauritius on 19 July 2010.
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