American businesswoman Julie Meyer has sent an e-mail to her investors and mailing list saying that she was pulling all her businesses out of Malta, taking the opportunity to bash the jurisdiction.
The e-mail describes the country as a "culture were everyone takes a cut out of anything that gets done", saying employment law was out of "Marxist Russia" and even that it is misogynist.
This is not the first time that Ms Meyer, at the centre of a credit crisis, has criticised Malta: in January, the entrepreneur who called herself part of ‘Team Malta’, announced she had decided not to domicile her fund in Malta, saying it was an “extremely difficult jurisdiction”.
Ms Meyer had told investors in June 2017 that her UK-based fund would be re-domiciled to Malta as a ‘notified alternative investment fund’. However, in the fund report for 2017 in January, she said this would not be achieved, adding “We have found Malta to be an exceedingly difficult jurisdiction in which to work.”
In her e-mail she also said that she had never experienced such “wild misogyny and jealousy in her life”.
Ms Meyer is currently embroiled in a number of court cases over unpaid bills and salaries. She is facing criminal proceedings over the latter and got into trouble with the magistrate after she e-mailed her directly.
And this one: https://t.co/abQrDJJgfV - The news from Malta bears no relationship to anything real or printed... mild hysteria like I have never witnessed in my life ... no facts checked, gossip-soaked
— Julie Meyer (@JulieMarieMeyer) May 12, 2018
The MFSA suspended her licence on May 11, citing multiple “serious breaches”.
TIMELINE May 2016 September 2016 She claims that the MFSA chairman hosted a dinner to introduce her to potential investors. MFSA chairman denies that it was in her honour, adding "it is normal practice for regulators to hold dinner/lunches with potential promoters". November 2016 December 2016 July 2017 November 2017 November 2017 December 2017 January 2018 January 2018 January 2018 April 25, 2018 May 10, 2018 May 11, 2018 |
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