Access Corporate Ltd was a money mule company used by the binary option fraud which operated under the name of StratXMarkets.
SOS was able to trace some of the payments made by a client to a Metro Bank account which we believed was owned by Access Corporate Ltd. We challenged the company over its relationship with StratXMarkets and were not happy with the response we received. We then assisted a client in taking remedial action through the UK court process.
On 22nd May 2019 a Judge at the High Court in London issued an order to wind up Access Corporate Ltd. The case was brought by a Safe Or Scam client who had lost a considerable sum of money in the StratXMarkets scam.
There will now be an investigation into the company by the Official Receiver or by an insolvency practitioner appointed by the Official Receiver.
The company director, Mr Derrick Williams, had tried to avoid an investigation by placing Access Corporate Ltd into a company voluntary liquidation before the hearing. If creditors do not act quickly when a CVL is initiated it gives directors an opportunity to push through a very quick liquidation with no investigation. Mr Williams had already appointed his own preferred liquidation firm and had provided it with a list of creditors. That list did not include our client. Clearly there was an intent to speed through a dissolution without fully informing the liquidator of all creditors.
The liquidation firm was contacted and informed of our client’s claim. The result was that the court case was allowed to proceed and a judgement was made in favour of our client. There will now be a proper and detailed investigation into the business of Access Corporate Ltd. We expect the investigation to have both financial and criminal repercussions for the company director.
There were several other money mule companies involved in StratXMarkets and we are now turning our attention to those companies.
To view the previous post on StratXMarkets please click HERE