David E. Marchant (born 1965) is a British-born US-based journalist. He is the editor and owner of ''OffshoreAlert'', a news service and conference organizer that specializes in exposing financial crimes before they occur.

Early life and career

Marchant was born in 1965.Under Florida Sun, Tax Avoiders, Enforcers Trade Notes, Schmooze.
Jesse Drucker, ''The Wall Street Journal'', 2 May 2009. Retrieved 6 April 2015. His first journalistic job was as a news reporter for ''

The Gwent Gazette ''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in E ...

'' (1985–1987) in Ebbw Vale, Wales. He then worked as a reporter for the '' Bournemouth Evening Echo'' (1987–1989) and the ''

Western Daily Press The ''Western Daily Press'' is a regional newspaper covering parts of South West England, mainly Gloucestershire, Wiltshire and Somerset as well as the metropolitan areas of Bath and North East Somerset and the Bristol area. It is published M ...

'' (1989–1990). From 1990 to 1993, he was a business reporter for '' The Royal Gazette'' in Bermuda. From 1994 to 1996, he was business editor at the ''

Bermuda Sun The ''Bermuda Sun'' was a Bermudian newspaper, published on Wednesdays and Fridays. Covering a wide range of topics including news, sports, business and lifestyle, it also published the Government of Bermuda's legal notices. Foundation The ...

''.

''OffshoreAlert''

In 1997, Marchant founded OffshoreAlert. Since then, he has been sued in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...

, the Cayman Islands,

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tota ...

, and

Panama Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Co ...

. He was also sued in Grenada by former Prime Minister

Keith Mitchell Keith Claudius Mitchell (born 12 November 1946) is a Grenadian politician who served as Prime Minister of Grenada from 1995 to 2008 and from 2013 to 2022. He is the longest-serving Prime Minister in Grenadian history, holding the office for more ...

. Marchant claims to have all his stories approved by a lawyer before publishing. Marchant's stories have covered a

Ponzi scheme A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are comi ...

First International Bank of Grenada The First International Bank of Grenada (FIBG) was an offshore bank that operated between 1996 and 2000, duping thousands of people in a Ponzi scheme. Four people were indicted, the result of a collaborative effort between the FBI and the Internal R ...

, a fraud case at the Cayman Islands-based

Axiom Legal Financing Fund An axiom, postulate, or assumption is a statement that is taken to be true, to serve as a premise or starting point for further reasoning and arguments. The word comes from the Ancient Greek word (), meaning 'that which is thought worthy or ...

, and alleged irregularities at

Belvedere Management Belvedere Management is a financial services group based in Mauritius that claims to have $16 billion of assets under administration. In March 2015, ''Offshore Alert'' described the group as a Ponzi scheme and it is currently under investigation b ...

group and a Spain-based investment group operating as Privilege Wealth. In 2009, ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' reported that 11 people had been charged with crimes as a result of his work, of whom five had been jailed. The first person to sue Marchant was Marc Harris, who was subsequently sentenced to 17 years in jail for money laundering and tax evasion. According to Marchant, he has received more than one death threat, and the subject of one of his investigations had a T-shirt that read: "David Marchant is only alive because killing him would be a crime."

References

External links

* {{DEFAULTSORT:Marchant, David Living people British male journalists British investigative journalists 1960s births Year of birth uncertain Money laundering