Alevo Payments of $2 million to TSG Global Solutions

We found an attestation from 2015 (to Alevo’s auditor? – this was around the time that the 2014 accounts were being finalized) that confirmed that TSG Global Solutions had been paid $2 million by Alevo in 2014. During this time Alevo had very poor internal controls, with individual signatories, and we decided to investigate this […]

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Clydemont Finance Limited

Clydemont Finance Limited is the British Virgin Islands (BVI) company held by Jostein Eikeland. The company is mentioned in the June 2014 article that appeared in Dagens Næringsliv concerning the early funding of Alevo by a narco traficker. There appears to be another Florida-registered company with more or less the same name, CLYDEMONT FINANCE SERVICES, […]

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Alevo’s early funding by a narcotics trafficker

In June 2014 Dagens Næringsliv published an article in which the newspaper claimed that Jostein Eikeland had on many occasions borrowed money from the narco trafficker Gjermund Cappelen in order to finance Alevo. Apparently many millions of NOK had passed through the accounts of DLA Piper (where Tord Eide worked at the time) either to […]

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The early days of Alevo

Alevo was initially founded on the premise of licensing and using the fortu Powercell battery technology which has previously been developed for over a decade in Germany and which was due to have a production factory built in Michigan. In 2009 the initial business was founded in Florida, and soon developed into an idea to […]

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Markus Alder

Former Chief General Counsel of ALEVO GROUP SA, starting in early 2017  In March 2017 alevo.com described Markus Alder as: An internationally respected corporate attorney and published legal scholar with more than two decades of experience, Markus Alder oversees all legal affairs worldwide for the Alevo Group. A long-time partner at the Swiss firm Thouvenin […]

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Harrison Wellford

Director, from March 2016 Harrison Wellford was elected onto the board of ALEVO GROUP SA in March 2016. In May 2016 alevo.com described him as: Among the world’s most respected advisors in the sectors of both energy and presidential transitions, Harrison Wellford plays a hands-on role at Alevo in governance and finance (the highlight is […]

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Jostein Eikeland

The linchpin in the whole Alevo saga, Jostein Eikeland was the key driving force in so much that happened. Segments related to him will be linked to from this page as we unravel the elements that we think he would rather not have published in a comprehensive manner. Jostein is particularly careful about nurturing his […]

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