As in previous Mapley scams, non-existent companies are presented to make it look trustworthy. As in previous cases, Intel Suisse is staged to give weight to David Mapley’s scam. As we previously published Intel Suisse does not exist. What’s new is that mapley is asking to invest in the unregulated Shimoda Kraken General Partnership (Kraken G.P.). Now we have searched in the Luxembourg trade register, but you guessed it, this Shimoda Kraken G.P. does not exist. But that aside.
The GB Strategic Land Fund (GBSLF) is within an umbrella structure in Luxemburg KMG SICAV. As in many umbrella structures, not all funds succeeded, causing a stagnation within the structure. Which of course makes the shareholders nervous.
Now lets examen the proposal to shareholders of the GB Strategic Land Fund. (Note the clumsy logo from Wikipedia while you claim that you have your own (fake) marketing company.)
David Mapley is proposing to the shareholders of regulated GB Strategic Land Fund to swap their shares, for shares in his unregulated Kraken G.P. and paying him an additional € 1,500.
As described in his plan he seeks to call an Exceptional General Meeting (EGM) and take control of GB Strategic Land Fund. The Investors in the GB Strategic Land Fund will thereafter have nothing to say about their investment and have lost the regulatory protection, as it is absolutely unclear how many shares in the Shimoda Kraken G.P. in the possession of David Mapley, but we presume that he always keeps the majority.
With David mapley in control, he will start to kick around in the media and discover major fraud in the fund and accusing the service providers, hoping they pay him to get rid of him. This is his core business model.
In the meanwhile David Mapley, he has full access to the bank account and assets of the GB Strategic LandFund. No doubt he will make big payments to his Cayman Island Shimoda Capital Partners and empty the fund.
Our advice to KMG SICAV investors is to stay clear from David Mapley and his gang.