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41.5 Mio euro Claim

More than 65% of the shareholders of LFP1-EPF filed a claim against the current directors David Mapley and Tudor Fedeles of LFP1 due to mismanagement, fraud and abuse of trust.

Please read the claim here, from which the content is really shocking. The modus operandi from the directors is unseen in the Luxembourg Fund industry.

Meanwhile, the CSSF suspended David Mapley on the 25th of May 2020 due to false declarations in his application process. We hear from insiders it is only a matter of time before Tudor Fedeles will be suspended as well. An investigation is actively running on his active involvement in the extortion practices and mismanagement of the Fund with the aim to personally enrich himself.

Tudor Fedeles and his mentor David Mapley have not only failed in keeping the fund listed as a CSSF approved fund by meeting up with the standard service provider requirements. (all the service providers resigned because of their unprofessional behaviour) They have also intentionally mismanagement the fund tremendously. 

Even basic rights of the shareholders are neglected as the directors refuse to convene general shareholder meetings on the request of the shareholders whilst extorting counterparties and shareholders of the fund in order to get money in their pocket.

Please watch below the shocking documentary showing Tudor Fedeles intentions and attitude towards the shareholders. 

Tudor Fedeles describes the shareholders as “Poor fuckers” while he is supposed to protect the investor’s interest as a director. He also states that he will “not do shit on the fund” and “Fuck everybody” referring to the 23 Mio euro cash that is still on the bank account.

Recently Tudor Fedeles and David Mapley made an attempt to wire the remaining cash from LFP1-EPF to a personally owned (new to be set up) investment vehicle “Shimoda High Yield Bond”. Luckily enough the CSSF has blocked them from doing so. More on this topic in our next article.

 1,520 total views

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Romlux has a problem

We want to talk about the following. RomLux is a Luxembourg-based not-for-profit organisation that aims to support the development of
relations between Romania and Luxembourg. An excellent initiative.
has been able to develop well in recent years after it became a member of the EU in 2007. However, whom we also find at RomLux is Tudor Fedeles. That doesn’t seem so right to us.

Corruption and a weak legal system

Let’s cut to the chase. Romania is falling further and further behind in the fight against corruption and a fair justice system, according to an EU report.

It does not seem desirable to us that you have a board member in your ranks who has ties to the well-known fraudster David Mapley.
With Tudor Fedeles and David Mapley involved in many sketchy companies, Tudor Fedeles is a clear danger for the trustworthiness of the RomLux organisation. If we were the RomLux, we would get Tudor Fedeles out of our ranks as soon as possible, as this would not enhance the credibility of the organisations goals.

 1,467 total views