First Atlantic Asset Management is perpetrating a follow-on-fraud scam against investors in Westway Holdings. No doubt victims of other scam investments will be targeted by them too. We warned Westway Holdings investors that they could expect to be targeted by follow-on-fraudsters because the sales agents they used cannot be trusted to protect their personal data. Investor details are always sold on. The follow-on-frauds started before Westway Holdings was even put into administration !
Our investigations have found no companies registered with the name of First Atlantic Asset Management. The closest name to that is First Atlantic Asset Management and Consulting Inc which was registered in the Bahamas but was struck off 10 days ago.
The sales brochure, which can be accessed below, refers to the company being in existence since 2013, but their website domain name was only registered on 11th February 2020 and for one year only (cheapskates).
They claim to have £19.8m under management and “300+ talented staff worldwide”. Of course that’s a complete lie.
A person claiming to be Rebecca Jarvis (it won’t be her real name), describes herself as Accounts Manager, Alternative Assets Department, First Atlantic UK. She uses the email of firstname.lastname@example.org and is very keen for investors to send her any documents they have related to their investments. Nobody should send anything to First Atlantic Asset Management because it is a scam.
To view or previous Scam Alert please click here.
Late News – there is yet another follow-on-fraud targeting Westway Holdings investors. The perpetrator of this second follow-on-fraud is calling itself Harper Lee Financial.