Ezzon Management Scam

Ezzon Management Scam.

A company calling itself Ezzon Management Ltd is involved in a follow-on-fraud scam focusing on victims of collapsed investments. Ezzon Management operates a ‘Capital Exchange Programme’ which it claims will “restore faith in the investment markets“. Unfortunately it does anything but because the Ezzon Management promise is a scam.

Here is an example of one of the emails sent out to investors by Ezzon Management.

From: [email protected] <[email protected]>
Sent: [date redacted]
To: [recipient details redacted]
Subject: EZZON MANAGEMENT INFORMATION ATTACHED

Dear [name redacted],

We are writing to you regarding your position in the forthcoming Capital Exchange Programme, facilitated by Ezzon Management Limited. We have assigned Nigel Markes as your alternative asset advisor.

Please ensure that as per the enclosed invoice, your account is settled on or before the [date redacted]. Full information and contract terms are provided overleaf for your reference.

Ezzon Management Limited acts in the interest of clients burdened by the strain of the aftermath of company insolvency in order to provide investors with a route out of the market. We endeavour to ensure transparency in order to restore faith in the investment markets.

Please find below the link to our website:

WWW.EZZONMANAGEMENT.COM

Please contact us should you have any further queries on 0207 971 1468.

Yours sincerely,

Wolfgang De Limburg Stirum
Director

EZZON MANAGEMENT LIMITED
Address: 3rd Floor, 12 Gough Square, London, EC4A 3DW
Email: [email protected]
Telephone: 0207 971 1468
Company Number: 04686450

There is a UK company called Ezzon Management Ltd – LINK to Companies House Records and it does have a director called Wolfgang De Limburg Stirum (not a name you see everyday) and it does have a registered office at 12 Gough Square, but it is more than likely that this company’s details have been cloned by the scammers and the genuine company is unaware. The domain name of ezzonmanagement.com was only registered on 10th January 2024.

We have been able to link the Ezzon Management scam to the Insolvency Investigations scam which we reported on here on this LINK. The scam also sometimes includes another alleged independent company called Central Reservations. The scam works on the principle that by involving different companies the victim is more inclined to believe it is genuine. The reality is that all the companies are fake and the people that victims speak to are all in the same room at the scammers’ call centre.

The Ezzon Management scam claims that using its Capital Exchange Programme it has been able to exchange the loss-making investment for one that is sound. As a result one of its partner organisations, Central Reservations, is holding a large sum of money in its bank account on behalf of the investor. All the investor needs to do is make a payment to be able to have the large sum released. We have seen this scam model many times. Unfortunately the person who reported this scam to us had already paid money to this scam. He contacted us because Ezzon Management came back to him and told him he needed to make another payment which was more than double the first payment. Once scammers have a payment from their victim they always come back for more. The victim in this case had several long phone calls with each of the three different companies, not realising they were all probably sitting next to each other.

We told the victim to file a report with Action Fraud which he did. He then gave us the report reference number and we contacted a Police Officer who has authority to contact banks and have accounts frozen. The account into which the investor paid his money was:

Bank name: HSBC Bank

Account Name: CARRIE ANN ROGERS

Sort Code: 40-18-00

Account Number: 21229192

As expected, the account was frozen but the money had already been transferred out. You will note that the bank account was in the name of Carrie Ann Rogers, not Ezzon Management or Insolvency Investigations or Central Reservations. The scammers were using a money mule account. This was not spotted by the investor who made the payment. By allowing her bank account to be used to launder the proceeds of crime, Carrie Ann Rogers is committing a criminal offence which carries a maximum prison sentence of 14 years if convicted. Regrettably, very few money mules are ever prosecuted by the authorities. If they were then scammers would not be able to operate their scams.

Ezzon Management Scam.