Global Insolvency Solutions Scam

Global Insolvency Solutions Scam.

We have been receiving reports that victims of investment scams have been cold-called by people claiming to be from Global Insolvency Solutions Ltd.  They are carrying out a follow-on-fraud where they ask their intended targets to pay a fee in order to release money which they claim to hold for the investor.  It is a scam. It is being operated by the same people who have been running the Kingsgate Insolvency Ltd scam.  We reported on that scam in June 2021 – LINK to the article.

Neither of these organisations are licensed insolvency practitioner firms.  There is no doubt that the same group of scammers are behind both of these scam operations because they are too lazy to design a different website. We have printed a few pages from both websites to show the similarities – see below.

Global Insolvency Solutions Website

Kingsgate Insolvency Ltd Website

There is a genuine company called Global Insolvency Solutions Ltd which has been around since 2012, but the scam approach is not coming from this company.  The domain name of globalinsolvencysolutions.com which is being used by the scammers was purchased in April 2021.

If you have fallen victim to either scam you should report it to your relevant Police Authority.  We know that they have been targeting the victims of the Essex and London Properties scam, the five oil scams established by Glenn Jamie King and David Hyman, and other scams which go back even further including the CTI China Renaissance scam.  It is important to remember that if you are contacted and told a company has gone into liquidation, that doesn’t mean that it has. The best way to check is to go online to the Companies House website to check yourself, or to write, email or telephone Companies House. Even if the company has gone into liquidation, insolvency firms DO NOT allow third party organisations to represent them. Insolvency firms always deal direct with creditors themselves.

Global Insolvency Solutions Scam.