Peter Smith Resume
Belgravia Intervest Group/ Tally Ho Ventures Inc / Winterman Group
August 2007
Since March 2007, the Fraud Department in Malaga, Spain, under the control of Juan Fernandez Morales (fernandez.morales@dgp.mir.es ) has been compiling evidence and taking statements from past clients and employees of Belgravia Intervest Group (“BIG”) in a criminal fraud case. (Case No. DP 5034/2006). Due to the seriousness of the facts, on 6th Aug ust 2007, the Judge in charge of the fraud case issued an 'Embargo Priventivo' on all the registered assets of Peter Smith and Peter Ellery in Spain. This order prevents these two individuals from selling, transferring or otherwise disposing of any assets they may hold.
The same Judge will seek to apply the same or equivalent process against assets held by these individuals in other all other countries including the USA and the UK.
The above investigation was commenced at the behest of a substantial number of BIG investors who were defrauded of various amounts ranging from Euro 180,000 to Euro 22,000,000 in both cash and assets.
BIG was a private company owned wholly by Mr Peter Smith and Mr Peter
Ellery. The company claimed to have offices in 21 countries, 127+ financial
services advisors and have $450 Million under management. These
representa tions were untrue.
BIG employed Mr Jose Meleth, a long time associate of Smith and Ellery as
Finance Director. (Meleth is currently the CFO of Tally Ho Ventures Inc)
Under the specific direction of Smith and Ellery, Meleth prepared financia
projections, accounts and financial statements that were fraudulent a nd untrue.
Peter Smith, Peter Ellery and Jose Meleth are reported as committing fraud b y:-
? False representation
? Dishonestly making fa lse representa tion in order to make gain for
them selves and causing loss to clients and exposing clients to risk of loss
from the investment schemes they prom oted .
? Making untrue and misleading statements (both implied and expressed )
about their backgrounds and capabilities.
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? Devising false and mislead ing company marketing material and
documentation (includ ing the web-site) specifically intended to mislead
and perpetuate untruths
? Failing to disclose information
? To clients relating to specific investments that would expose the clientsto
risk
? In order to make gain for them selves
? To cause loss to another client or expose another client to risk
? By abuse of their position
? By“Ga in” of client assets, including in specie assets
? By possession of articles for use in frauds
? By making articles for use in frauds
? By participating in fraudulent business carried on by the Company, BIG
? By obtaining services dishonestly
? By liability of company officers for offences of the company
? By evid ence
? To the recovery and administration of property and client assets
? Conspiring to defraud
? Taking and using client funds for their own purposes
? Concealing , transferring and seeking to retain the proceeds of their crimes
Monies and assets gained from these frauds, carried out between 2000 and 2005, were used , by Peter Smith and Peter Ellery, to acquire TallyHo Ventures Inc. which was incorporated on November 21, 2002 as a Delaware ‘shell ’com pa ny.
Tally Ho Ventures Inc is a US corporation with its securities publicly listed on the NASDAQ exchange under the symbol TLYH.OB. The company is under the
regulatory oversight of the U.S. Securities and Exchange Commission (SEC).
The re-cycling of illegally acquired monies into a previously legitimate business
is Money Laundering . Tally Ho Ventures, Inc is, therefore, the product of m oney laundering.
The process of acquiring control of TLYH via the reversal was made possible by Wire Fraud and by Mail Fraud as defined by the Racketeer Influenced and
Corrupt Organizations Act (RICO) in the United States.
Smith, Ellery and Meleth submitted regulatory filings and other information to
the SEC knowing them to be untrue and fraudulent.
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In addition, Smith, Ellery and Meleth used untrue and fraudulent information to
solicite investors into TLYH.
? In May 2005 TallyHo Ventures Inc exchanged 4,563,490 of its common
stock and 11,059,745 options for 100% of the ownership of BIG. As a result
BIG became the operating company and the business plan associated with
TallyHo prior to the reversal was abandoned .
? On September 27, 2005, TallyHo purchased 85% of Master Finance
Holding s SA, a Luxembourg -based company for $7,225,151 of which 1.5
million Euros was paid in cash. A further acquisition of minority interest
in Master Finance
? Peter Ellery, retired retaining 1.86 million shares and Peter Smith
resigned , retaining his 1.86 million shares in 2006
? Mr Nigel Greg was appointed Managing Director in 2006 and Mr Jose
Meleth continued as Finance Director
The above transaction was managed and coordinated by Malcolm Stockdale and his wife Sara Buzze Stockdale through their Toronto based company,
Winterman. The plan for the reversal was developed be Smith, Ellery and the
Stockdale’s during late 2004 in Spain and announced to the employees of
Belgravia Intervest Group In January 2005.
From the outset, the reversal of BIG into TLYH was intended to b e a “pum
p and dum p” scheme . The target for the scheme was US investors and non-US investors.
Mr Jose Meleth has been party to all financial transactions associated with the set up of Tally Ho Ventures Inc. and is the Finance Director of the company. Mr Meleth is a central part of the criminal proceedings currently underway. He has been formally interviewed by the prosecutors in Spain and is being recalled for further interviews. The latest filings of TLYH show no reference to any legal proceedings against any officer of the Company or its founding shareholders. Yet the fact and the nature of the criminal investigation are known by Mr Jose Meleth and also by Mr Nigel Gregg.
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The current management of TLYH (Nigel Gregg and Jose Meleth) have
continued to make fraudulent and mislead ing representations to the SEC, other regulatory bodies and investors.
Therefore, Peter Smith, Peter Ellery, Jose Meleth, Malcolm Stockdale, Sara Buzze Stockdale and Nigel Gregg have continued to conceal, transfer and retain the proceeds of their crimes.
The fraud case in Spain is being expanded to include the above, and others, who have assisted and participated in the fraud (s) or who have sought to profit from the activities described , knowing then to be fraudulent.
Meanwhile, the true nature of TLYH (and those who are behind it) is being
reported for Money Laundering activities and other illegal actions encompassing financial transactions resulting from the above frauds and involving false accounting returns to the SEC, other regulatory bodies and investors.
TLYH currently owns and operates a number of financial services companies in
Europe (Master Trust SA in Switzerland , Master Finance Switzerland SA in
Switzerland and Master Finance SA in Luxembourg and others) and is in the
process of re-branding itself as "Premier Wealth Management?"
