The Luxemburg financial authority CSSF has taken action against David Mapley and banned him for a period of 4 years. During this period David Mapley is forbidden to have any position in Luxemburg that requires approval from the financial authorities CSSF.
In a statement the CSSF announces that David Mapley provided incorrect and incomplete information to the CSSF on his declaration of honor. On this declaration you state that all information you provide to the CSSF for approval, to govern a financial entity in Luxemburg is true.
David Mapley had to submit his declaration of honor when he sought to become director of the LFP I structure at the end of 2018. The LFP I structure was subsequently delisted by the CSSF because David Mapley and his fellow directors Tudor Fedeles and Jacques Bossuyt did not comply with the financial regulations in Luxemburg.
As for now we don’t know for which lie David Mapley has been banned. It could be the 30+ bankruptcies on his name, or his alleged directorships in nonexisting companies, or his falsified resume, or maybe his falsely claimed education or the offering of financial products in the US without a permit.
Sure this will be continued in the coming weeks…