This article is a warning about the Global Capital Holdings scam. The company is running a follow-on-fraud against people who have already been the victims of a fraud. In this case the scam is aimed at investors in Essex and London Properties LP, a bogus property investment bond which collapsed two years ago and has been subject to UK police investigation.
Safe Or Scam is working with a UK law firm on a recovery action associated with the Essex and London Properties investment. The opponent in the action is regarded as having played a key part in enabling the fraud to have taken place. There is a link at the bottom of the page.
We have copied the text of a recent Global Capital Holdings letter below. It is entirely possible that victims in other scams have received similar letters because the perpetrators of scams are often involved in more than one. Whilst the scams may seem to be entirely separate the same people often appear behind the scenes in many of them. This link will take you to the pdf version of the letter Global Capital Holdings 2
We write to inform you that Global Capital Holdings have been appointed as the trusted third party agents for the recovery of assets and funds held stagnant by the unfortunate liquidation of Essex and London Properties Limited. We have been provided a full comprehensive list of private and corporate clients by the Insolvency Service for those seeking to retrieve their invested capital held by the company.
As you will have been made aware, the closure of Essex and London Properties Limited subsequently means the onus now lies with yourself, as the legal owner of the asset, to aim to secure an exit solution prior to the deadline for Seizure of Ownership in line with the guidelines of the Insolvency Service.
An audit conducted by the Financial Ombudsman Service late last year recorded at least 73% of the trades conducted by the defunct company Essex and London Properties Limited failed to fulfil their contractual obligations to their clients, with less than 20% of private clients being able to successfully trade out of the market and have their initial investment and profits returned. It is imperative that we locate the assets of any remaining clients as a matter of urgency and seek an immediate sale.
Global Capital Holdings is now representing all affected parties and offering potential available exit strategies to enable clients to trade out of the market this however does not by any means guarantee that we will be able to ensure profits can be gained upon the retrieval of any assets sold. All exit strategies operate on a first come, first serve basis. Please note that allocation on any of our coordinated exit strategies will only last for up to 7 working days so your cooperation and efficiency in securing your position is of the utmost importance
Our expertise in this field span many years and our empathetic team has a wealth of experience in financial recoyery, financial seryices and legal support. Understanding that the apparent loss of funds can be both concerning and frustrating it is our duty to walk you through the process, ensuring you understand the process involved in recovering assets and finally getting you out of the market. In order to ascertain whether we would be able to act as your agent in this capacity, you would first need to satisfy verification checks and we invite you to get in contact on 0203 285 8308 to find out if you meet the guidelines for retrieval. We have allocated an experienced team in our Asset Recuperation Division to aid you in this process, to discuss your file with them please call at your earliest convenience.
Faisal Lalani Director
The company details are given as: Global Capital Holdings Limited, Email: firstname.lastname@example.org. Tel: 0203 285 8308. Address: Tower 42, 25 Old Broad Street, Lime Street, London, EC2N 1HN, United Kingdom. Company Registration number: 10646614
This is a scam letter aimed at persuading victims to part with more money. If you are the victim of a scam and you have received a letter related to Global Capital Holdings scam please make contact.
To view our recent article on Essex and London Properties please click here