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Road Town, Tortola |
The Road Town, Tortola, office of Mossack Fonseca, the Panama Papers law firm, served as the registered address for
Globe Trade Services, a company set up via instructions from Hong Kong. All shares in Globe were owned by its sole "director," a company with a P.O. address in Belize.
The man behind the curtain? The Australian Wolf of Wall Street.
Jeffrey Revell-Reade specialized in "boiler rooms" selling worthless stocks. He worked his "industrial-strength fraud" via Madrid, routing funds conned from hapless British investors (something like $100 million in total) through Globe.
As investing goes global, so do the hazards. Happily, investors may get some of their money back as Revell-Reade is divested of his yacht, Wimbledon mansion and other assets.