David Mapley

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David Mapley is an investment banker and financial investigator focussed on investigating financial misconduct and regulatory compliance. He is the founder and chief fraud investigator at Intel Suisse, a partnership that investigates financial schemes and seeks to recover associated assets. [1] Mapley has participated in various financial investigations, including matters related to Goldman Sachs' Timberwolf CDOs and asset recovery cases. [2]

Contents

Career background

David Mapley has a background in managing investment portfolios, advising on debt and currency reserves, and launching funds in emerging markets. He worked globally across key financial centers, gaining extensive experience in derivatives and capital markets. His career spans roles in both investment management and consulting, with a focus on complex financial instruments. [3]

Basis Yield Alpha Fund investigation

Mapley was involved with the Basis Yield Alpha Fund, an Australian hedge fund that collapsed in 2007 after investing in subprime mortgage-related products marketed by Goldman Sachs, specifically the Timberwolf CDO. As an outside director of the fund, Mapley became a whistleblower, cooperating with the U.S. Securities and Exchange Commission (SEC) to expose misrepresentations in the sale of these toxic assets. He urged the Australian Securities and Investments Commission (ASIC) to investigate, citing the severe financial impact on Australian investors. [4] [5] [6]

An internal email from a Goldman Sachs executive referred to the Timberwolf CDO as 'one shitty deal.' Mapley was involved in initiating legal actions and supporting lawsuits against Goldman Sachs, aiming to hold the firm accountable for its alleged deceitful practices. He actively collaborated with regulators and pursued legal avenues to seek compensation for the investors affected by the collapse of Basis Yield Alpha Fund. [7] [8]

Other financial investigations

Beyond the Goldman Sachs case, David Mapley has been involved in various international financial investigations. Through Intel Suisse, he led efforts to uncover and recover assets lost in fraudulent schemes and was active in legal disputes related to entities like the Columna Commodities sub-fund, where he filed complaints against UK liquidators and pursued cases in Luxembourg courts. [9] [10] [11]

Mapley has been involved in litigation efforts with financial institutions including Morgan Stanley International, Citibank, and Deutsche Bank, in collaboration with liquidators Grant Thornton. [12]

Mapley's work includes tracking financial schemes, analyzing regulatory responses, and examining oversight practices in the financial industry. His expertise has been sought in cases involving missing assets, mismanaged funds, and fraudulent financial structures, making him a notable figure in the financial regulatory community. [13]

Mapley has supported regulatory actions in cases where financial misconduct affected investors. For instance, he criticized the perceived inaction of authorities when it came to recovering assets from collapsed funds, including those linked to high-profile luxury asset schemes and investment frauds. [14]

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References

  1. ↑ Paul, Sonali. "Australia should also probe Goldman: SEC informant." Reuters, 18 May 2010. Accessed 12 November 2024. https://www.reuters.com/article/world/australia-should-also-probe-goldman-sec-informant-idUSTRE64H051.
  2. ↑ Expatica "Expat Investor Helps Build Case Against Goldman Sachs." *Expatica*, 12 May 2010. Accessed 12 November 2024. https://www.expatica.com/ch/general/expat-investor-helps-build-case-against-goldman-sachs-87987/.
  3. ↑ Shimoda Ltd. "David Mapley - Professional Background." *Shimoda Ltd.* Accessed 12 November 2024. https://www.shimoda-ltd.com/davidmapley.php.
  4. ↑ Paul, Sonali. "Australia should also probe Goldman: SEC informant." Reuters, 18 May 2010. Accessed 12 November 2024. https://www.reuters.com/article/world/australia-should-also-probe-goldman-sec-informant-idUSTRE64H051.
  5. ↑ Baram, Marcus. "Timberwolf Lawsuit: Goldman Sachs Sued By Australian Hedge Fund Over 'Shitty Deal'." HuffPost, 9 June 2010. Accessed 12 November 2024. https://www.huffpost.com/entry/timberwolf-lawsuit-goldma_n_606022.
  6. ↑ DealBook. "Informant Urges Australia to Investigate Goldman." The New York Times, 18 May 2010. Accessed 12 November 2024. https://archive.nytimes.com/dealbook.nytimes.com/2010/05/18/informant-urges-australia-to-investigate-goldman/.
  7. ↑ Wilkinson, Marian. "One shitty deal." ABC News, 14 June 2010. Accessed 12 November 2024. https://www.abc.net.au/news/2010-06-14/one-shitty-deal/8952826.
  8. ↑ "How the Scammers Behind Virgin Gold Mining Corporation Bit Off More Than They Could Chew." Naked Capitalism, 2015. Accessed 12 November 2024. https://www.nakedcapitalism.com/2015/06/new-brunswick-how-the-scammers-behind-virgin-gold-m.
  9. ↑ "Columna Commodities ex-director files a complaint against UK liquidator." St. Vincent Times, 2024. Accessed 12 November 2024. https://www.stvincenttimes.com/columna-commodities-ex-director-files-a-complaint-against-uk-liquidator/.
  10. ↑ "Further blows traded in EPF fraud case." Portfolio Adviser, 2024. Accessed 12 November 2024. https://europe.portfolio-adviser.com/further-blows-traded-in-epf-fraud-case/.
  11. ↑ "David Mapley." OffshoreAlert, 2024. Accessed 12 November 2024. https://www.offshorealert.com/tag/david-mapley/.
  12. ↑ "Australia should also probe Goldman SEC informant," International Business Times, 19 May 2010. Accessed 12 November 2024. https://www.ibtimes.com/australia-should-also-probe-goldman-sec-informant-405459.
  13. ↑ "Lamborghinis, Ferraris missing as an SVG-registered 'Car Fund' collapses." St. Vincent Times, 2024. Accessed 12 November 2024. https://www.stvincenttimes.com/lamborghinis-ferraris-missing-as-an-svg-registered-car-fund-collapses.
  14. ↑ "David Mapley Archives." Portfolio Adviser, 2024. Accessed 12 November 2024. https://europe.portfolio-adviser.com/tag/david-mapley/.
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