venture equity

Phenco Oil Scam

Phenco Oil Scam 400 267 Safe or Scam Support

Phenco Ltd has lost a case brought by a Safe Or Scam client in the High Court in London and will now be wound up by Order of the Court.

Phenco was one of the five oil scam companies controlled by Martin Finch, Glenn King and David Hyman. The Order was issued on 10th July 2019.

On 11th July 2019 Martin Finch tried to claim he had informed investors in February 2019 of a re-organisation of the oil contracts. Of course, none of the investors received this fictitious notification in February. It is entirely false.

During May and June 2019, Martin Finch stopped communicating with investors. It could be alleged that he was off trying to falsify records to throw everyone off the scent, but we wouldn’t allege that.

Any person involved in a fraud of this kind of size would be in serious trouble. They would be better holding their hands up and owning up to what they’ve done. It is never wise to try to cover up after the event because you will always be found out and then you are as guilty as the people who benefitted the most.

It appears that the people involved in oil scams are so toxic that even their solicitors stop working with them.

We’ve done a good job of bringing the Phenco scam to an end. Phenco Ltd will now be wound up and we expect other associated companies to follow. Tristone Holdings and Venture Equity are other oil scams run by the same people. Now we can move to the next phase which is to gather evidence of fraud and bring in our funders who are keen to support private prosecutions. Phenco may not realise it but it will have left a trail. Scammers always do.

To read more on Phenco, Osage 1, Kansas MB, Kansas B2, Sooner Energy, Tristone Holdings and Venture Equity please visit this website

To view our more recent update on the Phenco oil scam please click on this link.

Please also visit our blog page to catch up with our previous blogs on this company and our other investigations.

 

Osage 1, Phenco, Kansas MB, Kansas B2 – Update

Osage 1, Phenco, Kansas MB, Kansas B2 – Update 150 150 Safe or Scam Support

Investors remain frustrated by non-payment of overdue royalties for Osage 1, Phenco, Kansas MB, Kansas B2 and Sooner Energy.

The company director, Martin Finch, has been giving a weak and implausible excuse. It is that he is struggling to find a currency exchange company which will change US dollars into pounds sterling.

Everyone knows it is easy enough to change USD into GBP. The problem is that every one of the respectable companies would carry out anti-money laundering checks. They would also insist on knowing where the money was coming from and how the funds had been generated. That is what the law requires.

Yet, 6 months after payments should have been made to investors, Mr Finch is still having problems finding a currency exchange service that will open an account.

The previous currency exchange service was based in Dubai. Unusual for an investment which allegedly involves payments from the USA to the UK to be routed via Dubai when there are so many reputable currency exchange providers in both the USA and the UK.

More about Osage 1, Phenco, Kansas MB and Kansas B2 can be found on the project-specific website using this link

To view the previous blog comment on this site referring to Osage 1, Phenco, Kansas MB, Kansas B2 and Sooner Energy please click here.

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