Warning: Walter Courage supports Sebastian Courage's Fraudulent Dealings
Walter Courage, born Jack Phipps, co-founded the Risk Advisory Group . Background on Walter Courage Major General Walter James Courage CB MBE (OA 1958) known as Jack Phipps at school, later adopted his step-father's surname. He served with the Royal Inniskilling Dragoon Guards, commanding the regiment 1982-4. He was chief of staff UN Force in Cyprus 1988-90, Chief Joint Services Liason Officer BAOR Bonn 1990-94 and Chief External Affairs Division Germany 1994-5. Jack Phipps aka Walter Courage The Risk Advisory Group appears to be at least partially a legitimate due diligence and compliance firm. However, Walter Courage uses the firm to help legitimize his son's criminal activities. According to email messages Walter and Sebastian circulated to potential and actual victims of Sebastian Courage's scheme, Hamish Maxwell was the CIO of a large and successful hedge fund. In reality, he was a surf instructor turned fraudster.