SJT Wealth Scam
SJT Wealth has purchased a list of investor details and has been writing out to those investors enclosing a particularly crappy brochure (see brochure link below):
Just to be absolutely clear – this is not an advert for people to invest in this rubbish.
It’s hardly surprising the brochure is so bad. They bought the domain name of sjtwealth.com only twelve days ago. They are clearly desperate for money and wanted to get their scam out as early as possible.
It’s quite interesting because on the same day investors received this brochure, they also received an apparently unconnected approach from an organisation calling itself Premier Capital Finance. Premier Capital Finance is a follow-on-fraud. They are targeting the same investors offering to recover their money from the original scam. It’s clear to us that it’s the same group of scammers simply trying a different approach. They’ve sat down and said “Let’s run the standard recovery room scam, but also try our luck at getting them to invest in something new so we’ll need two fake organisations”.
We will write a separate Scam Alert on Premier Capital Finance.
Back to SJT Wealth, here is the email investors have been receiving:
Subject: SJT Wealth Introduction – Emergency Cash Out
As discussed, please find our current introduction brochure attached to this email.
The emergency cash out option provides clients with a quick and easy way to exit the market. This option is usually reserved for clients that have struggled to successfully retrieve their funds from an alternative asset.
As opposed to the clients continuously paying fees for the additional documentation required to achieve the full amount of funds, we simply release what we can from the account, based on the work that has already been completed.
This option is a guarantee, which is why many clients choose it. We aim to achieve at least 40-60% of the funds being held in escrow for you. You will be notified of the exact amount before the emergency cash out option is completed.
I’ll be honest, we couldn’t work out what the fictitious Nick Collins was actually saying. We came to the conclusion that he’s using the triple B approach – Bull**it Baffles Brains.
Be warned. If you receive an approach from the SJT Wealth scam DO NOT RESPOND.