Earlier this week Osage 1 Ltd, one of the scam UK oil companies operated by Glenn King, Martin Finch and David Hyman, was taken to the High Court in London over an unpaid royalty debt. The company allegedly invests in oilfields in Oklahoma.
The claimant was a Safe Or Scam client. A few days before the hearing our client was paid in full by Martin Finch and withdrew his claim. However, a second SOS client had registered a claim for an unpaid royalty debt and was allowed to continue the case. A new hearing will take place in a few weeks.
It remains unclear who paid the debt to our client. It appears likely that it was not Osage 1 Ltd. Martin Finch initially tried to route the payment through an organisation which handles import – export transactions. They declined to make the payment citing inadequate anti-money laundering documents. The second attempt came via a Western Union transfer and was successful. As is usual with Martin Finch’s companies, the source of the payments is always hidden.
We have seen correspondence between our client and the solicitor for Osage 1 Ltd where our client has twice asked the solicitor to identify the source of the payment and has not received a straight answer. Our client is concerned that he may unwittingly be a party to a money laundering operation. All it would take to reassure him would be confirmation from the solicitor that the money came from an Osage 1 Ltd bank account. The law firm seems reluctant to give that confirmation.
This calls into question how the law firm is going to be paid. Is it going to accept payments made via Western Union from an unknown source ? An honest law firm would question why their client, a UK company, isn’t paying them from a UK bank account. The shareholders in Osage 1 Ltd have waited almost 12 months to be paid their royalty with Martin Finch claiming the delay is due to not having “a platform” to make the payment. This is one of the weakest and most incredible excuses we have ever heard. It calls into question how Osage 1 Ltd is going to be able to pay the legal bills. We doubt that its law firm is going to wait a year for payment. Logic suggests that if it can pay the law firm and our client without using “a platform”, it can pay the other 200 shareholders too.
The law firm representing Osage 1 Ltd is Meaby & Co. This is the same firm which represented Glenn King over the Oakmount oil scam.
To view the previous blog post on these oil companies click HERE
Safe Or Scam has a website on the oil companies linked to Glenn King operating from Suite 11, Braxted Park Road, Great Braxted, Witham. They are Osage 1 Ltd, Phenco Ltd, Kansas MB Project Ltd, Kansas B2 Project Ltd, Sooner Energy SPV-1 Ltd, Tristone Holdings Ltd and Oakmount. You can visit the website using this LINK.