The Shimoda Kraken GP

The other day we received a presentation of a new scam by David Mapley. David Mapley and his henchman Tudor Fedeles is trying to suck the life out of the GB Strategic Land Fund.

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.

David Mapley’s misleading Shimoda Capital Partners website

David Mapley actively promotes himself as a trustworthy and renowned fund director on his website. (At the moment offline) “Shimoda Capital Partners” This was how the site looked – “shimoda-ltd.com.” However, the information given on his site is false and misleading. From the 12 displayed funds, six are not existing, and four funds have been dissolved or liquidated more than 15 years ago. One mentioned fund has no relation with Shimoda Capital at all. Only one fund is active.

Emerging Markets Investment Funds

  • Shimoda Romanian Fund (RAIF): Non-existing
  • Shimoda Emerging Europe Fund: Liquidated in 2004          

Investment Funds – Fund of Funds

  • Shimoda Russia Renaissance Fund: Non-existing
  • Fund of Credit Asia: Liquidated in 2003
  • Far East Fund – Non-existing
  • Shimoda Capital Fund (RAIF): Non-existing

Investment Funds – Thematic Funds

  • LFP1 umbrella fund since Dec 2018,  but there is no relation with Shimoda Capital.
  • Shimoda Technology Fund: – Non-existing
  • Shimoda Kraken Fund: – Non-existing
  • Quan Technology Fund: Active 
  • Shimoda US Technology Fund: Deleted in 2003
  • Shimoda-Omron Oil Trading Fund: Deleted in 2004 

The ruins of David Mapley

August 15th we posted: “We have some reading to do” after receiving a two-inch-thick report on David Mapley. Before digging into all individual cases, we would like to share with you the magnitude of the ruins of David Mapley. Just by making a list of all his involvement. David Mapley was involved in many different companies all over the world, and most companies went bankrupt, are out of business, or were relocated to faraway countries. Out of reach for creditors.

  1. CITY WINDMILLS (SUISSE) SA
    • Address: 39 Chemin de Précossy – 1260 Nyon – Suisse
    • Record number: 48-705-7403
    • Registration date: 09.08.2013
    • Mapley: Administrator with individual signature
    • The company went bankrupt in 2017
  2. JM INVESTMENT ADVISORY SA
    • Address: 8-10 Avenue Revedil – 1260 Nylon – Suisse
    • Record number: 48-286-9323
    • Registration date: 22.12.2004
    • Mapley: Administrator with individual signature
    • The company went bankrupt in 2017
  3. CROSSBRIDGE GLOBAL CAPITAL MARKETS SA
    • Address: 2 Chemin du Souvenir Chez Gérald Perrin – 1800 Vevey – Suisse
    • Record number: 48-540-7675
    • Registration date: 22.12.2009
    • Mapley: Director
    • The company went bankrupt in 2018
  4. IX SWISS AG
    • Address: Zurich
    • Record number: 48-633-0793
    • Registration date: 10.02.2012
    • Mapley: Director
    • The company went bankrupt in 2015
  5. EYEGLASS ADMINISTRATION SERVICES SA
    • Address: 8-10 Avenue Reverdill – 1260 Nylon – Suisse
    • Record number: 48-539-2596
    • Registration date: 11.12.2009
    • Mapley: Administrator till 20.04.2010
    • The company is still active, Mapley was fired in 2010, current administrator is Graham Johnson
  6. BERGERAC WINE LTD
    • Riffaud – 24230 Nastringues – France
    • Record number: 28-907-6512
    • Registration date: 2016
    • Mapley: Managing Partner
    • The company is dissolved
  7. WALLACE BARNABY & ASSOCIATES LTD
    • Address: PO Box 367 Sydney Vane Ho – Admiral PK St. Peter Port – Guernsey GY1 3YH – Great-Brittain
    • Record number: 22-616-1404
    • Registration date: 1980
    • Mapley: Director
    • Last annual sales reported in 2014 (dissolved?)
  8. CITY WINDMILLS LTD
    • Flat 39-35 Buckingham Gate – London SW1E 6PA – Great-Brittain
    • Record number: 21-665-5053
    • Registration date: 2010
    • Mapley: Director
    • The company is active, criminal complaint is set against its Director, David J. Mapley for fraud and misuse of company goods. 
  9. CITY WINDMILLS HOLDINGS PLC
    • Flat 39-35 Buckingham Gate – London SW1E 6PA – Great-Brittain
    • Record number: 21-976-3921
    • Registration date: 2013
    • Mapley: Director
    • The company is dissolved via compulsory strike-off since June 2019 
  10. CITY WINDMILLS INC
    • Address: 209 N Orange Street – Wilmington – Deleware 198011120
    • Registration number: 12-243-4223
    • Registration date: 2000
    • Mapley: Chief Executive Officer
    • The company is active, criminal complaint is set against its Director, David J. Mapley for fraud and misuse of company goods. 
  11. SHIMODA CAPITAL ADVISORS LTD
    • Address: Jennet Street c/o Caledonian House George Town – Grand Cayman 
    • The company is dissolved May 2003