Sterling Global Under Investigation: Exposing the Truth Behind Investor Complaints
Sterling Global Company
Sterling Global, a Bahamas-based financial group, is at the center of growing controversy. From Sky Beach Eleuthera to U.S. legal disputes, the company led by David Kosoy faces allegations of mismanagement, hidden transactions, and broken promises.
This platform serves as a public record a place where stakeholders, investors, and regulators can access documented evidence, follow legal developments, and understand the real impact of Sterling Global’s actions.
The Sky Beach Eleuthera Dispute
Sterling Global and the $2 Million Transaction
8ght LLC wired $2,000,000 through Sterling Bank & Trust for the Sky Beach project.
Of that, $1 million was allegedly moved offshore to an undisclosed account.
Despite these payments, the selling entity led by David Kosoy is accused of being in default.
Investors continue to wait for promised sales documents that never arrived.
Investor Complaints Rising
Dozens of Stakeholders Demand Accountability
- Up to 70 formal complaints are being prepared against Sterling Global, its affiliates, and senior executives.
- Allegations include delayed documents, misused funds, and lack of transparency.
- Investors describe leadership as dismissive and resistant to engagement, eroding confidence further.
U.S. Legal Pressure
Sterling Global Facing a $42 Million Judgment
- In the United States, a citizen is pursuing a $42 million judgment against David Kosoy and Steve Tiller.
- A ruling could freeze assets and open new investigations into the company’s financial practices.
- Critics say this is part of a pattern of buying time through debt instead of delivering value.
The SCRED Fund Scandal
Scredus and Palm Beach Investigation
Linked directly to Sterling Global, the SCRED fund (via Scredus) is accused of defrauding U.S. business owners and military veterans.
Millions of investor dollars were allegedly siphoned offshore under false pretenses, leaving business owners and veterans at a loss.
At the same time, David Kosoy is reported to have purchased a 170-foot Benetti yacht worth over $20 million using U.S. bank loans.
That luxury vessel is now expected to be frozen by authorities as multiple investigations and legal proceedings move forward.
Sterling Organization
U.S. Operations Raise More Concerns
Sterling Global’s affiliate, Sterling Organization, acquires distressed malls in a shrinking retail market. The strategy leans heavily on debt, which critics argue buys survival time rather than creating sustainable investor value.
Why It Matters
Sterling Global’s Wider Impact
The controversies surrounding Sterling Global are not isolated cases. They highlight:
• A pattern of opaque transactions.
• Leadership unwilling to address investor concerns.
• Projects that stall rather than deliver promised growth.
The Sky Beach project was marketed as a boon for Bahamian tourism and jobs. Instead, it has become a case study in failed accountability.
All information for sharing is welcome
Sterling Global Financial, David Kosoy, and Ross Brennan have caused significant harm, making it crucial to expose their activities.
Any information, whether positive or negative, is valuable in uncovering and highlighting the harmful actions of Sterling Bank Bahamas, Sterling Global Bahamas, and related entities.
For concerns about Sterling Bank And Trust of Bahamas please email:
- Central Bank of The Bahamas
- P.O. Box N-4868
- Nassau, N.P, Bahamas
- cbob@centralbankbahamas.com
- Phone:- +1 (242) 302