gandsaccountants

European Property Coin – 4

European Property Coin – 4 150 150 Safe or Scam Support

European Property Coin is a scam digital currency investment operated by Clear View Marketing Services Ltd, otherwise known as Clear View Trading. In January 2019 Safe Or Scam emailed investors who had contacted us over the previous nine months. We requested information on the bank accounts into which investors had been asked to pay their investment money. It has taken us a long time to break through the “data protection” and “client confidentiality” excuses that banks use to protect the identities of scammers, but we have finally managed it in the case of European Property Coin.

Investors are often shocked to learn that neither their own bank nor the recipient’s bank will tell them who owns the account that received their investment money. Even if the investor acts immediately and is successful in the long and arduous process of recovering money, neither bank will tell them the name of the account holder. By protecting scammers in this way the banks are preventing investors from being able to take any action in the courts to recover their money. It is not possible to take a party to court if you don’t know who they are !

It is quite an achievement for us to have found a way to lawfully force disclosure by the banks. So.…. going back to our request for information on the banks and bank accounts used by the Clear View scammers, we were expecting to find that they had moved around a bit. That is a standard practice by scam companies i.e to use an account for a while, close it down and then open a new account at another bank. Clear View has been scamming investors for almost three years so we expected to uncover maybe five or six accounts. At this moment in time we have discovered twenty one bank accounts. We expect that number to increase as some investors have yet to provide information.

The pleasing thing for us is that Clear View Trading / European Property Coin is a clear fraud. This means that the owners of those accounts were either founders or accomplices in the fraud. They will be facing criminal charges and that tends to loosen the tongues of those who don’t fancy going to prison. In amongst those accomplices are at least two accountants. One of them is Yasir Gul of G. and S. Accountants, formerly of Know Tax (High Wycombe) Ltd which was dissolved without filing any accounts. Mr Gul is an accountant (allegedly) and will know that it is a legal requirement to file closing accounts when a company is dissolved. That must have slipped his mind. Not a good advert for someone who claims to be an accountant.

The other accountant is Graham Andrew Arnott of Jade State Wealth. Mr Arnott seems to be a very bad judge of character because Jade State Wealth was involved with the £13.5m Essex and London Properties scam which was the subject of a fraud investigation. He also provided services to the Osage 1, Phenco and associated oil companies scam. These oil companies took in at least £14.5m.

To read the previous blog on European Property Coin, click here

To read the previous blog on Essex and London Properties click here

To read the previous blog on Osage 1, Phenco and associated oil companies click here

To view the separate stand-alone websites for each of these investments click on European Property Coin / Essex and London / Osage 1 and Phenco

European Property Coin – Update

European Property Coin – Update 150 150 Safe or Scam Support

Safe Or Scam has assisted investors with the first steps in a legal process against Clear View Marketing Services Ltd, the company behind the bogus digital currency called European Property Coin.

The company failed to respond to a legal claim within the statutory response period and our investor clients will now proceed to court.

On 21st December 2018 we received a letter from a solicitor representing Mr Yasir Gul of G. and S. Accountants Ltd. The letter alleges that comments we have made about Mr Yasir Gul have affected his business. He denies having received our letter sent in February 2018. That’s odd because we also sent it by email to his email address at info@gsaccountants.co.uk and we spoke to him on the phone about it. He told us at the time that his solicitor would deal with it.

To recap, our letter to Mr Gul asked him about the role of his company, Know Tax (High Wycombe) Ltd, which acted as the money collector for European Property Coin. We received no reply so we called him. He said his solicitor would be in touch. Well…… 9 months later his solicitor has now got in touch but it isn’t to answer our questions about Mr Gul’s involvement in European Property Coin, the scam which has taken in more than £1 million from ordinary members of the public. It was to ask us to remove comments made about Mr Yasir Gul. Unfortunately we cannot do that because he is party to a scam operation and is keeping his head down. If he wants us to remove information about him he should be more willing to co-operate. It is worth noting that at no time have we ever received any legal threats from European Property Coin despite repeatedly calling the product an outright scam. They know it’s a scam and they’re using fake names which is why they can’t go to a lawyer.

Since our contact in February, Mr Yasir Gul dissolved the company Know Tax (High Wycombe) Ltd in July 2018. He may think that means he doesn’t have to answer our questions. He may also think that instructing a solicitor will prevent us from mentioning him again in connection with his role in this scam. Well, as this new article shows, we have no intention of letting him get away with it. We have a clear strategy to expose European Property Coin and the people involved with it. Once we have accomplished that we will be turning our attention back onto Mr Yasir Gul.

In our letter of 23rd February 2018 we made things very clear to Mr Yasir Gul. In our final sentence. We wrote “We hope you are willing to assist because we take a very simple view when it comes to scams. People are either on the side of the victims or they are on the side of the scam operator.’

We recently changed the hosting arrangement for the website we published on this matter. We have now reinstated it and over the next few weeks we will be posting information back up. The website can be accessed by clicking on this link.

To view the previous blog comment on European Property Coin and Clear View Marketing Services Ltd click here.

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