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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2015 & 2016 – questions to answer

In Switzerland companies are required to hold AGMs at least six months after the financial year end, and to produce accounts to shareholders before then. In 2013, 2014 & 2015 the company failed to adhere to this. AGMs are the ultimate governance mechanism for companies, but the board of ALEVO GROUP did not see fit […]

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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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Larus Arnason

Chief Financial Officer 2015 to 2016 January 2016 alevo.com wrote of Larus: With more than 15 years’ experience in international capital markets and executive leadership, Larus Arnason carries the overall responsibility for finance matters for the Alevo Group. His varied career has included investment banking, proprietary trading and fund-raising with market leading firms such as […]

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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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